HomeMy WebLinkAbout102016PAThe Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 (voice) or
1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to participate in this meeting.
POST ACTION AGENDA NOTICE
NOTICE OF MEETING
BOARD OF DIRECTORS OF THE
TOWN OF FOUNTAIN HILLS
MUNICIPAL PROPERTY CORPORATION
WHEN: THURSDAY, OCTOBER 20, 2016
TIME: 9:00 A.M.
WHERE: TOWN HALL, FOUNTAIN CONFERENCE ROOM
16705 EAST AVENUE OF THE FOUNTAINS
FOUNTAIN HILLS, ARIZONA
A majority of the Council members may be in attendance. No official action will be taken.
Municipal Property Corporation Board of Directors will attend either in person or by telephone conference call
PROCEDURE FOR ADDRESSING THE BOARD
Anyone wishing to speak before the Board of Directors must fill out a speaker’s card and submit it to the Executive Assistant prior to
Board of Directors discussion of that Agenda item. Speaker Cards are located in the Fountain Conference Room.
Speakers will be called in the order in which the speaker cards were received either by the Executive Assistant or the Board Chair.
Speakers are asked to state their name and whether or not they reside in Fountain Hills (do not provide a home address) prior to
commenting and to direct their comments to the Presiding Officer and not to individual Board members. Speakers’ statements should
not be repetitive. If a speaker chooses not to speak when called, the speaker will be deemed to have waived his or her opportunity to
speak on the matter. Speakers may not (i) reserve a portion of their time for a later time or (ii) transfer any portion of their time to
another speaker.
If there is a Public Hearing, please submit the speaker card to speak to that issue during the Public Hearing.
Notice is hereby given that pursuant to A.R.S. §1-602.A.9 , subject to certain specified statutory exceptions, parents have a right to consent
before the State or any of its political subdivisions make a video or audio recording of a minor child. Meetings of the Town Council are audio
and/or video recorded, and, as a result, proceedings in which children are present may be subject to such recording. Parents in order to
exercise their rights may either file written consent with the Town Clerk to such recording, or take personal action to ensure that their child or
children are not present when a recording may be made. If a child is present at the time a recording is made, the Town will assume that the
rights afforded parents pursuant to A.R.S. §1-602.A.9 have been waived.
AGENDA:
1. CALL TO ORDER @ 8:58 a.m.
2. ROLL CALL NO ACTION TAKEN
3. CALL to the PUBLIC NO ACTION TAKEN
a. Pursuant to A.R.S. §38-431-01(G), public comment is permitted (not required) on matters not listed on the agenda. Any such
comment (i) must be within the jurisdiction of the Commission and (ii) is subject to reasonable time, place, and manner
restrictions. The Commission will not discuss or take legal action on matters raised during “Call to the Public” unless the matters
are properly noticed for discussion and legal action. At the conclusion of the call to the public, individual Commissioner may (i)
respond to criticism, (ii) ask staff to review a matter or (iii) ask that the matter be placed on a future Commission agenda.
4. CONSIDERATION of Approving the October 15, 2015 meeting minutes APPROVED
5. CONSIDERATION of Electing Officers APPROVED; WALT DUNNE APPOINTED
PRESIDENT, ROGER RIGGERT APPOINTED VICE-PRESIDENT,
CHESTER YON, APPOINTED SECRETARY/TREASURER
6. FINANCIAL REPORT for year ending June 30, 2016 NO ACTION TAKEN
7. ADJOURNMENT APPROVED @ 9:02 a.m.
The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 (voice) or 1-800-
367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to participate in this meeting.
DATED This 3rd day of October, 2016
By: _________________________
Nancy Walter, Executive Assistant
The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 (voice) or
1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to participate in this meeting.
NOTICE OF MEETING
BOARD OF DIRECTORS OF THE
TOWN OF FOUNTAIN HILLS
MUNICIPAL PROPERTY CORPORATION
WHEN: THURSDAY, OCTOBER 20, 2016
TIME: 9:00 A.M.
WHERE: TOWN HALL, FOUNTAIN CONFERENCE ROOM
16705 EAST AVENUE OF THE FOUNTAINS
FOUNTAIN HILLS, ARIZONA
A majority of the Council members may be in attendance. No official action will be taken.
Municipal Property Corporation Board of Directors will attend either in person or by telephone conference call
PROCEDURE FOR ADDRESSING THE BOARD
Anyone wishing to speak before the Board of Directors must fill out a speaker’s card and submit it to the Executive Assistant prior to
Board of Directors discussion of that Agenda item. Speaker Cards are located in the Fountain Conference Room.
Speakers will be called in the order in which the speaker cards were received either by the Executive Assistant or the Board Chair.
Speakers are asked to state their name and whether or not they reside in Fountain Hills (do not provide a home address) prior to
commenting and to direct their comments to the Presiding Officer and not to individual Board members. Speakers’ statements should
not be repetitive. If a speaker chooses not to speak when called, the speaker will be deemed to have waived his or her opportunity to
speak on the matter. Speakers may not (i) reserve a portion of their time for a later time or (ii) transfer any portion of their time to
another speaker.
If there is a Public Hearing, please submit the speaker card to speak to that issue during the Public Hearing.
Notice is hereby given that pursuant to A.R.S. §1-602.A.9 , subject to certain specified statutory exceptions, parents have a right to consent
before the State or any of its political subdivisions make a video or audio recording of a minor child. Meetings of the Town Council are audio
and/or video recorded, and, as a result, proceedings in which children are present may be subject to such recording. Parents in order to
exercise their rights may either file written consent with the Town Clerk to such recording, or take personal action to ensure that their child or
children are not present when a recording may be made. If a child is present at the time a recording is made, the Town will assume that the
rights afforded parents pursuant to A.R.S. §1-602.A.9 have been waived.
AGENDA:
1. CALL TO ORDER
2. ROLL CALL
3. CALL to the PUBLIC
a. Pursuant to A.R.S. §38-431-01(G), public comment is permitted (not required) on matters not listed on the agenda. Any such
comment (i) must be within the jurisdiction of the Commission and (ii) is subject to reasonable time, place, and manner
restrictions. The Commission will not discuss or take legal action on matters raised during “Call to the Public” unless the matters
are properly noticed for discussion and legal action. At the conclusion of the call to the public, individual Commissioner may (i)
respond to criticism, (ii) ask staff to review a matter or (iii) ask that the matter be placed on a future Commission agenda.
4. CONSIDERATION of Approving the October 15, 2015 meeting minutes
5. CONSIDERATION of Electing Officers
6. FINANCIAL REPORT for year ending June 30, 2016
7. ADJOURNMENT
DATED This 3rd day of October, 2016
By: _________________________
Nancy Walter, Executive Assistant
Municipal
Property Corp
Debt Service
Fund
ASSETS
Cash and Investments 284,573$
Intergovernmental Receivable 27,320
Total Assets 311,893$
LIABILITIES AND FUND BALANCE
Liabilities:
Accounts Payable 10$
Total Liabilities 10
Fund Balance:
Restricted 311,883
Total Fund Balance 311,883
Total Liabilities and Fund Balance 311,893$
TOWN OF FOUNTAIN HILLS
MUNICIPAL PROPERTY CORPORATION
Balance Sheet - Governmental Funds
As of June 30, 2016
FY15-16
Actual
FY15-16
Budget
REVENUES
Excise Tax 708,777$ 665,165$
Investment Earnings 994 100
Total Revenues 709,771 665,265
EXPENDITURES
Debt Service:
Principal 2,125,000 480,000
Interest 32,740 32,740
Fiscal Charges 810 8,000
Total Expenditures 2,158,550 520,740
Excess (Deficiency) of Revenues
Over/(Under) Expenditures
(1,448,779) 144,525
Net Change in Fund Balance (1,448,779) 144,525
Fund Balance, Beginning of Year 1,760,662 1,760,662
Fund Balance, End of Year 311,883$ 1,905,187$
TOWN OF FOUNTAIN HILLS
MUNICIPAL PROPERTY CORPORATION
Statement of Revenues, Expenditures and Changes in Fund Balance
for Fiscal Year Ended June 30, 2016