HomeMy WebLinkAboutOrder No. 2017-0919C Debt Service Tax RateOrder No. 2017-0919C Debt Service Tax Rate
CERTIFICATE OF ORDER 2017-0919C
THE STATE OF TEXAS
COUNTIES OF DENTON AND TARRANT
I, the undersigned member of the Board of Directors of 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 19, 2017 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:
Kevin R. Carr
President
Gregory Wilson
Vice President
William C. Rose
Secretary/Treasurer
James Hase
Director
James C. Thomas
Director
All members of the Board were present except Kevin R. Carr , thus constituting
a quorum. Whereupon, among other business, the following was transacted at such meeting:
ORDER OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
LEVYING DEBT SERVICE TAXES FOR 2017 TAX YEAR
and duly introduced for the consideration of the Board of Directors. It was then duly moved and
seconded that such Order be adopted and, after due discussion, such motion, carrying with it the
adoption of such Order prevailed and carried by the following vote:
AYES: 3 NAYS: I
3. That a true, full and correct copy of such Order adopted at such meeting is attached to
and follows this certificate; that such Order 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 Order would be introduced and considered
for adoption at such meeting, and that each consented, in advance, to the holding of such meeting
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Order No. 2017-0919C Debt Service Tax Rate
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 this 19th day of September, 2017.
William C. Ro ecretary/Treasurer
Board of Directors
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Order No. 2017-0919C Debt Service Tax Rate
ORDER NO. 2017-0919C
ORDER OF TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 LEVYING
DEBT SERVICE TAXES FOR 2017 TAX YEAR
WHEREAS, Trophy Club Municipal Utility District No. 1 (the "District") is a duly
created and existing municipal utility district created and operating under Chapters 49 and 54 of
the Texas Water Code, as amended;
WHEREAS, Section 54.601 of the Texas Water Code provides that at the time bonds
payable in whole or in part from taxes are issued, the board of a water district shall levy a
continuing direct annual ad valorem tax for each year while all or part of the bonds are outstanding
on all taxable property within the district in sufficient amounts to pay the interest on the bonds as
it becomes due and to create a sinking fund for the payment of the principal of the bonds when
due;
WHEREAS, at an election properly conducted in accordance with all applicable laws, the
eligible residents of the District previously authorized the issuance of District tax bonds, and the
levy and collection of District a debt service tax;
WHEREAS, the District has issued its unlimited tax bonds pursuant to the foregoing
authorization;
WHEREAS, the Board of Directors of the District approved a proposed ad valorem tax
rate for the 2017 tax year at a meeting conducted on August 15, 2017;
WHEREAS, in accordance with the requirements set forth at Section 49.236 of the Texas
Water Code and other applicable laws, the District has given proper notice and conducted a public
hearing regarding the adoption of ad valorem tax rates for the 2017 tax year;
WHEREAS, after conducting the public hearing, the Board of Directors of the District
desires to proceed with the levy and collection of a debt service tax for the 2017 tax year; and
WHEREAS, the District has complied with the applicable requirements of the Texas
Water Code and other statutes relating to the procedures for establishing ad valorem taxes by
municipal utility districts. Now, therefore,
BE IT ORDERED BY THE BOARD OF DIRECTORS OF TROPHY CLUB
MUNICIPAL UTILITY DISTRICT NO. 1 THAT:
Section 1. The facts and recitations found in the preamble of this Order are hereby
found and declared to be true and correct, and are incorporated by reference herein and expressly
made a part hereof, as if copied verbatim.
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Order No. 2017-0919C Debt Service Tax Rate
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 this 19th day of September, 2017.
William C. Rose, retary/Treasurer
Board of Directors COQ°•
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