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HomeMy WebLinkAbout2023-0920 Notice to Purchaser Amended and RestatedAMENDMENT AND RESTATED INFORMATION FORM TROPHY CLUB MUNICIPAL UTILITY DISTRICT NO. 1 STATE OF TEXAS COUNTIES OF DENTON AND TARRANT Pursuant to V.T.C.A., Texas Water Code, Sections 49.452, 49.4521, and 49.455, as amended, the Board of Directors of Trophy Club Municipal Utility District No. 1 (the "District") hereby gives the following amendment to information form and revised notice to purchaser form to all sellers and purchasers of real estate situated within the boundaries of said District. We do hereby certify that the only modifications to be made by this amendment are changes to items numbered as follows: • The most recent rate of District -wide taxes on property located in the District for maintenance and operation purposes is $0.05522 on each $100 of assessed valuation. The most recent rate of District -wide taxes on property located in the District for debt service is $0.00859 on each $100 of assessed valuation. • The particular form of Notice to Purchasers required by Sections 49.452 and 49.4521 of the Texas Water Code to be furnished by a seller to a purchaser of real property in the District, completed by the District with all information required to be furnished by the District, is attached hereto as Exhibit "A". WITNESS OUR HANDS THIS THE 20th DAY OF SEPTEMBER 2023. Kevin R. Carr, President - 3 Bel% Brewster, Vice President DougtH.rpe :ecretary/Treasurer illiam C. Ros- rector Tracey Hunter, Director THE STATE OF TEXAS COUNTY OF DENTON BEFORE ME, the undersigned, a Notary Public in and for said County and State, on this day personally appeared KEVIN R. CARR, BEN BREWSTER, DOUG HARPER, and WILLIAM C. ROSE, known to me to be the persons and officers whose names are subscribed to the foregoing instrument and affirmed and acknowledged that said instrument is correct and accurate to the best of their knowledge and belief, and that they executed the same for the purposes and in the capacities therein stated. GIVEN UNDER MY HAND AND SEAL OF OFFICE this 20th day of September 2023. Notary Public, State of T G s My Commission expires: ) T T LAURIE SLAGHT ;� AtfArtr Public, State of Texas �u: rr Comr. Expires 01-19-2024 .\ oF..Notary ID 12872053-4 rpu EXHIBIT "A" NOTICE TO PURCHASER OF SPECIAL TAXING OR ASSESSMENT DISTRICT The real property that you are about to purchase is located in Trophy Club Municipal Utility District No. 1 and may be subject to District taxes or assessments. The District may, subject to voter approval, impose taxes and issue bonds. The District may impose an unlimited rate of tax in payment of such bonds. The current rate of the District property tax is $0.06381 on each $100 of assessed valuation, The District may impose assessments and issue bonds and impose an assessment in payment of such bonds. The total amounts of bonds payable wholly or partly from property taxes excluding refunding bonds that are separately approved by the voters, approved by the voters are $32,859,217 for water, sewer, and drainage facilities; and $2,000,000 for firefighting facilities. The aggregate initial principal amounts of all such bonds issued are $32,855,000 for water, sewer, and drainage facilities; and $2,000,000 for firefighting facilities. The District is located partially within the corporate boundaries of the Town of Trophy Club. The Town of Trophy Club and the District overlap but may not provide duplicate services or improvements. Property located in the Town of Trophy Club and the District is subject to taxation by the Town of Trophy Club and the District. The District is located partially within the corporate boundaries of the Town of Westlake. The Town of Westlake and the District overlap but may not provide duplicate services or improvements. Property located in the Town of Westlake and the District is subject to taxation by the Town of Westlake and the District. The purpose of this District is to provide water and sanitary sewer facilities and services and fire- fighting facilities and activities. The cost of district facilities is not included in the purchase price of your property. PURCHASER IS ADVISED THAT THE INFORMATION SHOWN ON THIS FORM IS SUBJECT TO CHANGE BY THE DISTRICT AT ANY TIME. THE DISTRICT ANNUALLY ESTABLISHES TAX RATES. PURCHASER IS ADVISED TO CONTACT THE DISTRICT TO DETERMINE THE STATUS OF ANY CURRENT OR PROPOSED CHANGES TO THE INFORMAITON SHOWN ON THIS FORM. The undersigned purchaser hereby acknowledges receipt of the foregoing notice at or before the execution of a binding contract for the purchase of the real property or at closing of purchase of the real property Date Signature of Seller Date Signature of Purchaser