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HomeMy WebLinkAbout2020-0921 Notice to Purchaser FY2021AMENDMENT 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 $0.10774 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 21st DAY OF SEPTEMBER iZ020. Se 1 n Presiden,i-/-%--- Y eve Mark Chapman, Vice President 41 Kelly Casto :uay, Secretary/Treasurer rector Gregory Wilson, 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 $0.10774 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 THE STATE OF TEXAS COUNTY OF DENTON This instrument Steve Flynn William C. Rose `•NA f&P,� LAURIE SLAGHT :_°�' to r}� Public, State of Texas V14, �r Comm. Expires 01.19-2024 F of :� Notary ID 12872053.4 was acknowledged before me on September 22 , 2020, by , Mark Chapman Kelly Castonguay and Gregory Wilson t JJ Q�-- tary Public, State of TEEa)-- My Commission expires: ����J,[/ Vim( � oUG�'4 Return recorded document to: Laurie Slaght, District Secretary Trophy Club Municipal Utility District No. 1 100 Municipal Drive Trophy Club, Texas 76262