HomeMy WebLinkAboutRes CMD2023-02RESOLUTION CMD 2023-02
A RESOLUTION OF THE BOARD OF THE COTTONWOODS MAINTENANCE
DISTRICT, MARICOPA COUNTY, ARIZONA, APPROVING THE FINAL
BUDGET OF THE DISTRICT FOR THE FISCAL YEAR BEGINNING JULY 1,
2023 AND ENDING JUNE 30, 2024
RECITALS:
WHEREAS, the provisions of ARIz. REv. STAT. §§ 48-574 and 48-575 allow for the assessment
of maintenance charges upon the lots and parcels within an improvement district and for such
assessments to be collected in the manner and by the officers provided by law for the collection
and enforcement of general taxes; and
WHEREAS, pursuant to ARIz. REv. STAT. §§ 48-574(E) and 48-575(E), on May 2, 2023, the
Board of Directors of the Cottonwoods Maintenance District (the "Board") approved Resolution
CMD 2023-01, which (i) adopted the statements and schedules attached as Exhibit A and
incorporated herein by this reference as the tentative budget for the Cottonwoods Maintenance
District, Maricopa County, Arizona, (the "District") for the fiscal year 2023-24 and (ii) authorized
and directed the District Clerk to cause to be (a) mailed to the governing body of the Town of
Fountain Hills and all persons owning real property within the District and (b) published in a
manner prescribed by law, a notice that the Board would meet on June 6, 2023, for the purpose
of conducting a final hearing for District taxpayers on the statements and estimates of the
District expenditures filed with the District Clerk; and
WHEREAS, proper notice was given by (i) publication in the Fountain Hills Times on May
10, 2023, and May 17, 2023, and (ii) first class mail to all persons owning real property in
the District on May 3, 2023; and
WHEREAS, on June 6, 2023, the Board held a public hearing to allow taxpayers of the District
to voice their comments in favor of or against any proposed expenditures and assessments; and
WHEREAS, any person owning real property affected by the assessment who had any
objection to the legality of the assessment or to any of the previous proceedings connected
therewith was given the opportunity to appear before the Board at the hearing to present
any further objections.
ENACTMENTS:
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE
COTTONWOODS MAINTENANCE DISTRICT, as follows:
SECTION 1. The recitals above are hereby incorporated as if fully set forth herein.
SECTION 2. The Board has heard all objections and has determined that (i) such objections
do not provide a basis for a modification of the statements and schedules attached hereto as
Exhibit A and (ii) any informalities or irregularities which may have occurred in the adoption
process for the District budget have been properly remedied.
RESOLUTION 2023-02 PAGE 2
SECTION 3. 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 final
budget for the District for the fiscal year 2023-24. The statements and estimates of the operation
and maintenance expenses of the District, the costs of capital improvements, and other
expenditures for public infrastructure of the District are hereby filed with the District Clerk.
SECTION 4. The District Chairperson, the District Clerk, and the District Counsel are hereby
authorized and directed to take all steps necessary to carry out the purpose and intent of this
Resolution.
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance District,
Maricopa County, Arizona, June 6, 2023.
Ginn ckey, District Cttrperson
ATTEST:
Linda N(endenhall, District Clerk
APPROVED AS TO FORM:
Aaron D. Arnson, Pierce Colman PLLC
District Counsel
EXHIBIT A
TO
RESOLUTION CMD 2023-02
[Final Budget]
COTTONWOODS MAINTENANCE DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2023-2024
For the Fiscal Year Ended
Revenues June 30, 2024
Tax Levy at $168.42 per property owner $ 9,768
TOTAL $ 9,768
Expenses
Annual Landscape Maintenance Cost
Annual Reserve for Exterior Wall Maintenance
Reserve Fund
Postage
Advertising
Administrative Fee (10%)
Contingency (from Reserve if needed)
TOTAL
7,300
1,280
50
250
888
5,000
14.768