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HomeMy WebLinkAbout2007-1108 FY06/07 Budget AmendmentTROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. I RESOLUTION NO. 2007-1 108 A RESOLUTION TO APPROVE FY2006-2007 BUDGET AMENDMENT FOR TROPHY CLUB MUD NO. 1 A RESOLUTION OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 (TCMUD NO. I), OF DENTON AND TARRANT COUNTIES, TEXAS; AMENDING THE FISCAL YEAR OCTOBER 1,2006 THROUGH SEPTEMBER 30, 2007 BUDGET; PROVIDING FOR AN AMENDMENT; PROVIDING A SEVERABILITY CLAUSE, AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the TCMUD NO. 1 annual budget for the fiscal year beginning October I, 2006 and ending September 30,2007, was approved and adopted within the time and in accordance with Section 49.057(b) of the Texas Water Code; and WHEREAS, TCMUD NO. 1 hereby finds and determines that it is prudent to amend the line items due to unforeseen situations that have occurred in the District; and WHEREAS, TCMUD NO. 1 further finds that these amendments will serve in the public interest and are necessary to support District operations; and WHEREAS, TCMUD NO. 1 finds and determines that the change in the Budget for the stated district purpose serves bests interests of the taxpayers, is necessary and warrants action at this time; NOW THEREFORE BE IT RESOLVED BY THE BOARD OF DIRECTORS OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1: Section I. That the Fiscal Year 2006-2007 Budget is hereby amended to fund the line items as stated in Exhibit "A," This Amendment No. 1 to the Original Budget of the Trophy Club Municipal Utility District No. 1, for the Fiscal Year 2006-2007, shall be attached to and made part of the Original Budget and said budget amendment shall be on file for public inspection in the office of the District. Furthermore, this Amendment No. 1 (Exhibit "A") is attached, incorporated into and made a permanent portion of this Resolution. This Resolution is hereby approved and shall constitute the first budget amendment that has occurred since the October 1, 2006 effective date of the Trophy Club Municipal Utility District No.1 Budget. Section 2. That if any word, sentence, section, subsection, subdivision, paragraph, clause, phrase or provision of this Resolution shall be adjudged invalid or held unconstitutional, the same shall not affect the validity of this resolution as a whole or any part of the provision hereof other than the part so decided to be invalid or unconstitutional. Section 3. That all provisions of the resolutions of the District's Board of Directors in conflict with the provisions of this resolution shall be and the same are hereby repealed and all other provisions of the resolutions of the TCMUD NO. I Board not in conflict with the provisions of this resolution shall remain in full force and effect. Section 4. That this resolution shall become effective immediately upon its passage. PASSED AND APPROVED by the Board of Directors of Trophy Club Municipal Utility District No. 1, this the 8" day of November, 2007. (SEAL) ATTEST: Jd' Constance S. white, Secretary Trophy Club MUD No. 1 CERTIFICATE OF RESOLUTION (2007-1 108) THE STATE OF TEXAS } COUNTY OF DENTON, } COUNTY OF TARRANT) I, the undersigned member of the Board of Directors of the Trophy Club Municipal Utility District No. 1 of Denton and Tarrant Counties, Texas (the "District"), hereby certify as follows: 1. That I am the duly qualified and acting Secretary of the Board of Directors of the District, and that, as such, I have custody of the minutes and records of the District. 2. That the Board of Directors of the District convened in Open Session at a Regular Meeting on November 8, 2007, at the regular meeting place thereof, and the roll was called of the duly constituted officers and members of the Board of Directors, to wit: Dean Henry President Gary Cantrell Vice President Connie White Secretarv-Treasurer Jim Hase Asst. secretary Neil Twomey Director and Directors Henry, Cantrell, White, Hase and Twomey were present, thus constituting a quorum, whereupon, among other business, the following was transacted at such meeting: a written RESOLUTION (2007-1 107) APPROVING FY2006-2007 BUDGET AMENDMENT FOR TROPHY CLUB MUD NO. I was duly introduced for the consideration of the Board of Directors of the District. It was then duly moved and seconded that such Resolution be adopted and, after due discussion, such motion, carrying with it the adoption of such Resolution, prevailed and carried by the following vote: AYES: NOES: 3. That a true, full and correct copy of such Resolution adopted at such meeting is attached to and follows this certificate; that such resolution has been duly recorded in the minutes of the Board of Directors for such meeting; that the persons named in the above and foregoing Paragraph 2 were the duly chosen, qualified and acting officers and members of the Board of Directors as indicated therein, that each was duly and sufficiently notified officially and personally, in advance, of the time, place and purpose of such meeting, and that such Resolution would be introduced and considered for adoption at such meeting, and that each consented, in advance, to the holding of such meeting for such purpose; that the canvassing of the officers and members of the Board of Directors present at and absent from such meeting and of the votes of each on such motion, as set forth in the above and foregoing Paragraph 2, is true and correct; and that sufficient and timely notice of the hour, date, place and subject of such meeting was given and posted as required by Chapter 551, Texas Government Code, as amended. SIGNED AND SEALED the 8th day of November 2007 Secretary, Board of Directors (SEAL)