2012 News Archives

 

2012 News

The Wallace Group Proposal

November 20, 2012

At the regular session of the Board of Directors on Tuesday, November 20, 2012, the Wallace Group presented its findings and recommendations for improvements to the Wastewater Treatment Plant. To view this presentation, please click here.

Notice to Purchasers in Trophy Club Municipal Utility District No. 1

November 20, 2012

Please click here to view the current Notice to Purchasers in Trophy Club Municipal Utility District No. 1.

Trophy Club Municipal Utility District No. 1

Press Release September 21, 2012

At a time when many area local governments are proposing a tax rate increase, residents of Trophy Club Municipal Utility District No. 1 will see a tax decrease of 4.1 cents. MUD officials attribute the tax decrease to area growth and strong fiscal management.

Trophy Club Municipal Utility District No. 1 provides water, wastewater, and fire fighting services to residents of Trophy Club. At their meeting on September 18th the MUD Board of Directors approved a tax rate of 0.13339 cents per $100 valuation, which represents a 0.104 cent operation and maintenance tax for the fire department, a 0.00989 cent operation and maintenance tax for water and wastewater services, and a 0.01950 cent tax for debt service. This means that a home valued at $250,000 and located in the Trophy Club Municipal Utility District No. 1 will see a tax bill reduction of $104 compared to last year. The Board of Directors also approved the 2013 fiscal year budget of $8.6 million. The budget includes a 1.5% cost of living adjustment for employees and capital improvement projects to better serve customers estimated to cost more than $900,000.

During the past year Trophy Club has experienced more than 7% growth, resulting in an additional 300 new homes. Compared to last year, taxable valuations have increased almost 8%, allowing the MUD to maintain the same level of services to customers while reducing the tax rate. Additionally, the MUD implemented a new financial strategy using short-term bank loans versus long-term bonds to finance needed improvements. At a cost of more than $1.2 million, the MUD added 2 million gallons of water storage to better serve current and future customers. The project was funded through a three-year bank note which allowed for no increase in water and sewer rates and a reduced tax rate for the coming fiscal year.

TCEQ Enforcement & Wastewater Treatment Plant

August 15, 2012

A presentation was provided to the TC MUD 1 Board on August 15, 2012 in response to a recent Enforcement Order from TCEQ. To view this presentation, click here.

2011 Consumer Confidence Report

June 12, 2012

The 2011 Consumer Confidence Report (CCR) is now available online. Please click here to view the 2011 CCR.

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