HomeMy WebLinkAbout2013-0917A Resolution Setting the Component of Taxt Rate for Debt Service for FY 2013-2014RESOLUTION NO. 2013-0917 -A
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
A RESOLUTION TO SET THE COMPONENT OF THE
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TAX RATE FOR DEBT SERVICE FOR FY 2013-2014
RESOLVED: Pursuant to Section 26.05 of the Texas Tax Code, and Sections
49.211(a), 49.212(a), 54.601 and 54.602 of the Texas Water Code, the Board of
Directors of Trophy Club Municipal Utility District No. 1 hereby finds that a tax rate of
$0.03666 per $100 of taxable value, if applied to the total taxable value of property on
the District's appraisal roll for the 2013 tax year, will impose the total amount of taxes
needed to pay the District's debt obligations during the next year, and that such tax rate
is reasonable and necessary to service the District's debt obligations during the next
year, including payments of lawfully incurred contractual obligations providing security
for the payment of the principal of and interest on bonds and other evidences of
indebtedness issued on behalf of the District.
It is therefore ordered by the Board of Directors of the District that the component
of the 2013 tax rate for debt service is hereby set at $0.03666 per $100 of taxable value
of each property included on the appraisal roll for the District for the 2013 tax year.
PASSED AND APPROVED by the Board of Directors of the Trophy Club
Municipal Utility District No. 1, Trophy Club, Texas this 1 th day of September, 2013.
Jim Mu.oard President
~~
Kevin R. Carr, Board Secretary/Treasurer
CERTIFICATE OF RESOLUTION 2013-0917 -A
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 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 on September 17, 2013,
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:
Jim Moss
Bill Armstrong
Kevin R. Carr
James C. Thomas
C. Nick Sanders
President
Vice President
Secretary/Treasurer
Director
Director
and Directors Moss, Armstrong, Carr, Thomas and Sanders were present, thus
constituting a quorum, whereupon, among other business, the following was transacted
at such meeting: a written
RESOLUTION(2013-0917-A) SETTING THE COMPONENT
OF THE TROPHY CLUB MUNICIPAL UTILITY DISTRICT
NO. 1 TAX RATE FOR DEBT SERVICE FOR FY 2013-2014
and duly introduced for the consideration of the Board of Directors. 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: :1
NOES: yt2
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 17th day of September 2013.
Kevin R. Carr
Secretary, Board of Directors