HomeMy WebLinkAbout2014-0916B Setting Component of the Tax Rate for Debt Service for FY 2014-2015RESOLUTION NO. 2014-0916B
TROPHY CLUB MUNICIPAL UTILITY DISTRICT N0.1
A RESOLUTION TO SET THE COMPONENT OF THE
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
TAX RATE FOR DEBT SERVICE FOR FY 2014-2015
RESOLVED: Pursuant to Section 26.05 ofthe 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 $0.04126 per $100 of taxable
value, if applied to the total taxable value of property on the District's appraisal roll for the 2014
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
2014 tax rate for debt service is hereby set at $0.04126 per $100 of taxable value of each
property included on the appraisal roll for the District for the 2014 tax year.
ADOPTED AND APPROVED by the Board of Directors of the Trophy Club Municipal
Utility District No. 1, Trophy Club, Texas this 16th day of September, 2014.
Jim~
Kevin R. Carr, Secretary/Treasurer
CERTIFICATE OF RESOLUTION 2014-0916B
THE STATE OF TEXAS §
COUNTY OF DENTON §
COUNTYOFTARRANT §
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 ofthe minutes and records of the District.
2. That the Board of Directors of the District convened on September 16, 2014, at the
regular meeting place thereof, and the roll was called of the duly constituted officers and
members ofthe Board ofDirectors, to wit:
Jim Moss
Jim Hase
Kevin R. Carr
James C. Thomas
Neil Twomey
President
Vice President
Secretary/Treasurer
Director
Director
and Directors Moss, Hase, Carr, and Twomey were present, thus constituting a quorum, Director
Thomas was absent, and whereupon, among other business, the following was transacted at such
meeting: a written
RESOLUTION (2014-0916B) SETTING THE COMPONENT
OF THE TROPHY CLUB MUNICIPAL UTILITY
DISTRICT NO.1 TAX RATE FOR DEBT SERVICE FOR FY
2014-2015
and duly introduced for the consideration ofthe 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: '-I
NOES:P,
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.
ADOPTED, SIGNED, AND SEALED this 16th day of September, 2014.
Kevin R. Carr, Secretary
Board ofDirectors
La rie Slaght
District Secretary