HomeMy WebLinkAboutRes EMCFD2023-01RESOLUTION EMCFD 2023-01
A RESOLUTION OF THE BOARD OF THE EAGLE MOUNTAIN COMMUNITY
FACILITIES DISTRICT, MARICOPA COUNTY, ARIZONA, APPROVING THE
TENTATIVE BUDGET OF THE DISTRICT FOR THE FISCAL YEAR BEGINNING
JULY 1, 2023, AND ENDING JUNE 30, 2024, AND SETTING A HEARING DATE
FOR THE BUDGET.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE EAGLE MOUNTAIN
COMMUNITY FACILITIES DISTRICT, as follows:
SECTION 1. The statements and schedules attached hereto as Exhibit A and
incorporated herein by this reference are hereby approved for the purpose as hereinafter set forth
as the tentative budget for the Eagle Mountain Community Facilities District, Maricopa County,
Arizona (the "District") for the fiscal year 2023-24. The statements and estimates of the operation
and maintenance expenses of the District (collectively, the "District Expenditures") are hereby
filed with the District Clerk.
SECTION 2. The District Clerk is hereby authorized and directed to cause to be (i)
mailed to the governing body of the Town of Fountain Hills and (ii) published in the manner
prescribed by law, a notice in substantially the form attached hereto as Exhibit A that the District
Board will meet for the purpose of conducting a final hearing for District taxpayers on the
statements and estimates of District Expenditures filed with the District Clerk and on the adoption
of the 2023-24 Annual Budget for the District; said hearing to be conducted on June 6, 2023, at
5:25 p.m. in the District offices (the Council Chambers at Fountain Hills Town Hall), 16705 E.
Avenue of the Fountains, Fountain Hills, Arizona, 85268. At the conclusion of the hearing, the
District Board shall pass upon any objections and shall adopt the Final Budget for the District.
PASSED AND ADOPTED by the Board of Directors of the Eagle Mountain Community
Facilities District on May 2, 2023.
Ginny Di ey, Di trio Chairperson
ATTEST'
lit,,,A,LxdXY
n.a Mendenhall, District Clerk
APPROVED AS TO FORM:
Aaron D. Am , fierce Coleman PLLC
District Counsel
EXHIBIT A
TO
RESOLUTION EMCFD 2023-01
[Notice/Tentative Budget]
See following page.
NOTICE
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
PROPERTY OWNERS
The taxpayers of the Eagle Mountain Community Facilities District (the "District") are
hereby notified that the Board of Directors will hold a public meeting on June 6, 2023,
at 5:25 p.m. at the District offices located at 16705 E. Avenue of the Fountains, Fountain
Hills, Arizona (the Council Chambers at Fountain Hills Town Hall), when and where any
taxpayers of the District will be heard in favor of, or against, any of the proposed
expenditures for the District, after which the foregoing estimates as modified or as now
existing, will be adopted by the Board of Directors as the basis for the fiscal year 2023-
2024 budget. Taxpayers may file written objections at any time prior to the hearing, and
the Board of Directors shall hear and pass upon any objections at the hearing.
Copies of the tentative fiscal year 2023-2024 District budget may be viewed prior to the
June 6, 2023, meeting at the District Clerk's office, 16705 E. Avenue of the Fountains,
Fountain Hills, Arizona 85268, the Town of Fountain Hills website,
www.fountainhillsaz.gov and the Fountain Hills branch of the Maricopa County Library,
12901 N. La Montana Drive, Fountain Hills, Arizona 85268.
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2023-2024
For the Fiscal Year
Revenues Ended June 30, 2024
Tax Levy at $0.00 per $100 Limited Property Value
Assessed Valuation $ 0
Prior Year Assessments (Delinquent) 832
Interest Income 100
TOTAL $ 932
Expenses
Annual Debt Service Payment on Refunded Bonds $ 0
Administrative Costs 18,900
TOTAL