HomeMy WebLinkAbout2019-0916 Notice to Purchaser FY2020AMENDMENT TO DISTRICT INFORMATION FORM
TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1
STATE OF TEXAS
COUNTIES OF DENTON AND TARRANT
We, the undersigned, constituting a majority of the members of the Board of Directors of Trophy
Club Municipal Utility District No. 1 (the "District"), of Denton and Tarrant Counties, Texas, do
hereby make and execute this Amendment to the District Information Form in compliance with
Section 49.455, Texas Water Code.
We do hereby certify as follows:
1. Tax Rate. The most recent rate of the District taxes on taxable property located in the
District is $0.11273 per $100 of assessed valuation.
2. Form of Notice to Purchaser. A Notice to Purchaser form required by Section 49.452
of the Texas Water Code to be furnished by a seller to a purchaser of real property in the District is
attached hereto as Exhibit "A".
WITNESS OUR HANDS THIS THE 16th DAY OF SEPTEMBER 2019.
William C. Rice '! esident
Steve F ynn, Secretary/T : asurer
Hca
Kelly Castonguay, Director
Mark t hapnian, Director
EXHIBIT "A"
(Notice to Purchaser)
NOTICE TO PURCHASER
The real property, described below, that you are about to purchase is located in TROPHY
CLUB MUNICIPAL UTILITY DISTRICT NO. 1 (the "District"). The District has taxing
authority separate from any other taxing authority and may, subject to voter approval, issue an
unlimited amount of bonds and levy an unlimited rate of tax in payment of such bonds. As of this
date, the rate of taxes levied by the District on real property located in the District is $0.11273 on
each $100 of assessed valuation. The total amount of bonds, excluding refunding bonds and any
bonds or any portion of bonds issued that are payable solely from revenues received or expected to
be received under a contract with a governmental entity, approved by the voters and which have
been or may, at this date, be issued is $34,859,217, and the aggregate initial principal amounts of
all bonds issued for one or more of the specified facilities of the District and payable in whole or in
part from property taxes is $34,855,000.
The District is located in part within the corporate boundaries of the Town of Trophy Club
and the Town of Westlake. With respect to property located within the corporate boundaries of a
municipality, the taxpayers of the District are subject to the taxes imposed by the municipality and
by the District until the District is dissolved. By law, a district located wholly in two or more
municipalities and in unincorporated area may be abolished by agreement among the District and
all of the municipalities in which parts of the district are located, and without the consent of the
voters of the district.
The purpose of this District is to provide water and sanitary sewer facilities and services and
fire -fighting facilities and activities within the District through the issuance of bonds payable in
whole or in part from property taxes. The cost of these utility and fire -fighting facilities is not
included in the purchase price of your property, and these utility and fire -fighting facilities are
owned by the District.
The legal description of the property you are acquiring is as follows:
(Date)
Signature of Seller
PURCHASER IS ADVISED THAT THE INFORMATION SHOWN ON THIS FORM IS
SUBJECT TO CHANGE BY THE DISTRICT AT ANY TIME. THE DISTRICT ROUTINELY
ESTABLISHES TAX RATES DURING THE MONTHS OF SEPTEMBER THROUGH
DECEMBER OF EACH YEAR, EFFECTIVE FOR THE YEAR IN WHICH THE TAX RATES ARE
APPROVED BY THE DISTRICT. PURCHASER IS ADVISED TO CONTACT THE DISTRICT
TO DETERMINE THE STATUS OF ANY CURRENT OR PROPOSED CHANGES TO THE
INFORMATION SHOWN ON THIS FORM.
The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or prior to
execution of a binding contract for the purchase of the real property described in such notice or at closing of
purchase of the real property.
(Date)
Signature of Purchaser