The Colony Courier-Leader (The Colony, Tex.), Vol. 26, No. 27, Ed. 1 Wednesday, August 8, 2007 Page: 3 of 20
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www.scntx.com — Wednesday, August 8, 2007 — The Colony Courier-Leader — Page 3A
LEF schedules annual gala
Education Notes
FROM STAFF REPOR'
The Lewisville ISD Education
Foundation has scheduled3 2007 annu-
al gala for 6:30 p.m. Sept3 at the New
Hilton Garden Inn in Lewville.
An "Evening for Ediation is LEFs
annual gala that raises oney to support
LEF programs benefits Lewisville ISD
students and teache- In addition to
silent and live auctios, Dallas Cowboys
football legend DrewPearson will attend
a special VIP sponer reception, as well
as serve as celebrit guest for the gala.
The Lewisvie ISD Education
Foundation (LEF) is a passionate group
of community volunteers dedicated to
investing in the future of the district’s
children. LEF is a non-profit foundation
that raises money to encourage innova-
tive teaching and higher education for the
13 cities served by Lewisville ISD.
To attend the gala, logon to www.lis-
def.com and purchase tickets for an
"Evening for Education."
The Lewisville ISD Education
Foundation is funded by Texans and
Texas-based businesses, non-profits and
foundations, including Platinum
Sponsors Credit Union of Texas, SHW
Group, and Verizon. Serving 13 communi-
ties in the southeast portion of Denton-
County, the Foundation recognizes and
fosters student, teacher, and administra-
tor achievement through scholarships,
grants, fellowships, and awards pro-
grams.
Since its inception in 1990, the
Foundation has raised and distributed
more than $1.1 million, benefiting teach-
ers, students, and schools across the
Lewisville school district. The programs
supported by the Lewisville ISD
Education Foundation are supplemental
and do not replace or alter use of funds
from traditional tax-based sources.
For information, contact Connie
Pelphrey at 469-948 2022 or visit the LEF
Web site at www.lisdef.com.
LISD to help
grieving families
In response to the tragic
deaths of the Roberts family,
LISD is offering counseling serv-
ices to people of all ages affected
by these events. A team of coun-
selors will be available, free of
charge, at Lamar Middle School,
4000 Timber Creek Road in
Flower Mound, on Monday from
9 a.m. to noon.
Counties discuss 121 funding
ment, and the bottom line is the
RTC is considering distributing
the funds that will be generated
wa from the tollway not where toll
Collin County Judge Keltr payers’ live but where the tolls
Self was unsure Monday if the will be located.
commissioners court would t "The toll payers are the peo-
and change an agreement win ple who will be paying the tolls. I
the Regional Transportation believe the RTC should return
Council about where toll mnex the money where the toll payers
will be collected when ‘ live. Denton County is not
Highway 121 is expanded tation expected to pay for the construc-
The Regional Transpsentral tion of the road because Denton
Council of the North nments County did give up some gas tax
Texas Council of Govenmeeth money, but they are not being
may approve an agreerentiwith charged the full amount of the
the North Texas TOUMay construction,” Self said.
Authority on Thursda 7 .11
- .benefits The commissioners will next
t* SH 121 in meet on Aug. 14, and self did not
both Collin and Deron counties. know if the issue would be on
The major term of the agree- the agenda, he said. 1
ment include the NTTA paying , Commissioner Joe Jaynes is
two payments of 2.5 billion and planning to attend the RTC meet-
about $833 miion in lieu of ing Thursday..
annual lease paments for a total I’m going to stick with what
of about $3 within 45 the RTC’s policy is. We’ll be get-
days of exection of the agree- ting over $1 billion back from the
ment The NTA must also nego- expansion of SH 121. If we went
tiate: the areement with the with just revenues from toll way
Texas Department of users, there’s a chance we could
Transportaon. The NTTA must be getting less than what we
achieve financial close and deliv- have. I think we’re on the right
er the up ont payments no later track. I don’t think the RTC will
than 45 ays after the execution make a final decision until
and delvery of the project agree- October," Jaynes said.
ment. He believes a lot of counties
Sel said the commissioners in the country who would love to
havebeen looking at the agree- be in the situation Collin County
BY BRANI HART
STAFFWRITER
is in right now, regarding the SH
121 expansion, Jaynes said.
"We could have a $236 million
bond election on Nov. 6 and by
participating with our cities
that’s over $415 million in proj-
ects. We’ll also have the addition-
al revenue from 121," Jaynes
said.
Commissioner
Jerry
Hoagland said he would like to
change the agreement, if possi-
ble, if the commissioners could
work it out with the RTC.
"I know Denton County prob-
ably doesn’t want to lose the
generated by the tollway. Polster
told the commission that new
proposals from the Collin County
delegation would re-divide that
money and send it eastward.
Polster said Denton County
will generate the majority of rev-
enue because SH 121 is more
critical to Denton County trans-
portation than to Collin County,
which has many alternative road-
way options.
"It’s a very captive audience,"
he said of Denton County SH 121
users. He said he has seen some
movement toward the Collin
money and we’ll have to see County position in recent days,
what will happen," Hoagland particularly from cities in Collin
said. County that had been in support
The Texas Transportation of the previous agreement.
Commission chose the NTTA to Commissioners Phyllis Cole
undertake the development,
design, construction, financing,
operation and maintenance of
SH 121. The RTC recommended
on June 18 that the TTC choose
the NTTA deal for the highway.
As previously reported by
Star Community Newspapers,
John Polster, Denton County’s
transportation consultant, said
he expects Collin County offi-
cials to make a "full-court press"
to change the agreement on the
division of SH 121 funds at the
RTC’s meeting Thursday.
Denton County is expected to
receive $1.5 billion of $3.3 billion
and Jack Hatchell could not be
reached for comment.
Staff writer Kevin Bowen
contributed to this report.
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Casper awarded
scholarship
Best Buy Children’s Stephanie Casper
Foundation has awarded a schol- .. .
arship to Stephanie Casper, a the program administrator for
2007 graduate of The Colony the scholarship program.
High School. Stephanie is the . More than 1,700 graduating
daughter of Stephen and Deidre high school seniors were select-
Casper and plans to attend ed to receive a scholarship for
Stephen F. Austin University $1,500 or $10,000.
next fall. Scholarship recipients were
This year, the Best Buy chosen based on community
Children’s Foundation awarded service and academic achieve-
more than $2.7 million to gradu- ment and must be entering an
ating high school seniors across accredited U.S. university, col-
the country. Scholarship manage- lege, or technical school in the
ment Services, a department of fall immediately following their
Scholarship America, serves as high school graduation.
Military Note
McKin
Army Pvt. Brien A.
McKin has graduated from
Basic Combat Training at
Fort Knox, Kent.
During the nine-week
training period, the trainee
received instruction in drill
and ceremony, weapons,
rifle marksmanship and
bayonet training, chemical
warfare, field training and
tactical exercises, armed
and unarmed combat, mili-
tary courtesy, military jus-
tice, physical fitness, first
aid, and Army history, tradi-
tions, and core values.
He is the son of Wade
and Mary McKin of The
Colony. Pvt. McKin is a 2006
graduate of The Colony
High School.
2007 Property Tax Rates in City of The Colony
This notice concerns 2007 property tax rates for City of The Colony It
presents information about three tax rates. Last year’s tax rate is the actual
rate the taxing unit used to determine property taxes last year. This year’s
effective tax rate would impose the same total taxes as last year if you
compare properties taxed in both years. This year’s rollback tax rate is the
highest tax rate the taxing unit can set before taxpayers can start tax rollback
procedures. In each case these rates are found by dividing the total amount
of taxes by the tax base (the total value of taxable property) with
adjustments as required by state law.
property value
Last year’s tax rate:
Last year’s operating taxes
Last year’s debt taxes
Last year’s total taxes
Last year’s tax base
Last year’s total tax rate
This year’s effective tax rate:
Last year’s adjusted taxes
(after subtracting taxes on lost property)
This year’s adjusted tax base
(after subtracting value of new property)
- This year’s effective tax rate
The rates are given per S100<>f
59,289,758
$4,155,672
$13,445,430
$1,880,479,720
0.71500 /S100
$13,438,703
$1,984,737,824
0.67710 /S100
(Maximum rate unless unit publishes notices and holds hearings.)
This year’s rollback tax rate:
Last year’s adjusted operating taxes (after
subtracting taxes on lost property and
adjusting for any transferred function, tax
increment financing, and/or enhanced
indigent health care expenditures)
- This year’s adjusted tax base
= This year’s effective operating rate
x 1.08 = this year’s maximum operating rate
+ This year’s debt rate
= This year’s total rollback rate
$9,284,725 .
$1,984,737,824
0.46781 /S100
0.50523 /$100
0.21000 $100
0.71523 /S100
Statement of Increase/Decrease
If City of The Colony adopts a 2007 tax rate equal to the effective tax rate
of S0.67710 per $100 of value, taxes would increase compared to 2006
taxes by $138,872.
Schedule A - Unencumbered Fund Balances
The follow ing estimated balances will be left in the unit’s property tax
accounts at the end of the fiscal year. These balances are not encumbered
by a corresponding debt obligation.
Type of Property Tax Fund
General Fund
General Debt Service Fund
Enterprise Fund Tax Supported Debt Fund
Balance
$4,145,827
$387,070
$212,172
Schedule B - 2007 Debt Service
The unit plans to pay the following amounts for long-term debts that are
secured by property taxes. These amounts will be paid from property tax
revenues (or additional sales tax revenues, if applicable).
Description
of Debt
Certificates of
Obligation 1998
Certificates of
Obligation 1999
Certificates of
Obligation 2000
Certificates of
Obligation 2000A
Certificates of
Obligation
2001-Spons
Complex
Certificates of
Obligation 2002
Certificates of
Obligation 2002
Certificates of
Obligation 2003
Certificates of
Obligation 2004
Certificates of
Obligation 2006
Certificates of
Obligation 2007
Refunding Bonds
2005
Refunding Bonds
2007
Principal or Interest to be
Contract Payment Paid from
to be Paid from Property
Property Taxes Taxes
S195,000 $47,845
Other
Amounts
to be Paid
50
Total
Payment
S242 845
$125,000
$140,000
SI 55.000
$265,000
$360,000
$120,000
$375,000
$240,000
$ 145,000
$570,000
$70,000
$580,000
$13,000
$27,883
$19,200
$280,680
$341,250
$110,238
$155,080
$200,844
$929,876
$700,625
$356,468
$204,518
Total Required for 2007 Debt Service
- Amount (if any) paid from funds listed in Schedule A
- Amount (if any) paid from other resources
- Excess collections last year
= Total to be paid from taxes in2007
+ Amount added in anticipation that the unit will
collect only 100.00% of its taxes in 2007
- Total Debt Levy
SO
so
SO
SO
SO
SO
SO
50
SO
so
SO
SO
$138,000
5167,883
$174,200
S$45,680
5701,250
$230,238
$530,050
$440,844
$1.074,K76
$1,270,625
$426,468
$784,518
$6,727,507
so
$2,514,387
so
$4,213,120
so
■ $4,213,120
This notice contains a summary of actual effective and rollback tax rates’
calculations. You can inspect a copy of the full calculations at 1505 E.
McKinney Street, Denton,TX. .
Name of person preparing this notice: Steve Mossman
Title: Denton County Tax Assessor Collector
Date Prepared: July 26, 2007
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Bick, Jack & Crimmins, Blaine. The Colony Courier-Leader (The Colony, Tex.), Vol. 26, No. 27, Ed. 1 Wednesday, August 8, 2007, newspaper, August 8, 2007; The Colony, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1621980/m1/3/: accessed August 15, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; crediting The Colony Public Library.