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HomeMy WebLinkAboutAGENDApacket__11-08-21_0348_174       NOTICE OF MEETING REGULAR MEETING MUNICIPAL PROPERTY CORPORATION    President Roger Riggert  Secretary Chester Yon   Vice President Deborah Skehen   TIME:2:00 P.M. – REGULAR MEETING WHEN:MONDAY, NOVEMBER 8, 2021 WHERE:FOUNTAIN HILLS CONFERENCE ROOM 16705 E. AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ Commissioners of the Town of Fountain Hills will attend either in person or by telephone conference call; a quorum of the Town’s Council,  various Commission, Committee or Board members may be in attendance at the Commission meeting. 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 Commission 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.  REQUEST TO COMMENT   The public is welcome to participate in Commission meetings. TO SPEAK TO AN AGENDA ITEM, please complete a Request to Comment card, located in the back of the Council Chambers, and hand it to the Executive Assistant prior to discussion of that item, if possible. Include the agenda item on which you wish to comment. Speakers will be allowed three contiguous minutes to address the Commission. Verbal comments should be directed through the Presiding Officer and not to individual Commissioners. TO COMMENT ON AN AGENDA ITEM IN WRITING ONLY, please complete a Request to Comment card, indicating it is a written comment, and check the box on whether you are FOR or AGAINST and agenda item, and hand it to the Executive Assistant prior to discussion, if possible.          1.CALL TO ORDER AND PLEDGE OF ALLEGIANCE – President Riggert        2.ROLL CALL – President Riggert     3.CALL TO THE PUBLIC Pursuant to A.R.S. §38-431.01(H), 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 commissioners 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 November 2, 2020, Meeting Minutes.    5.CONSIDERATION OF Electing Officers.    6.FINANCIAL REPORT for year ending June 30, 2021.    7.ADJOURNMENT       CERTIFICATE OF POSTING OF NOTICE The undersigned hereby certifies that a copy of the foregoing notice was duly posted in accordance with the statement filed by the Sister Cities Advisory Commission with the Town Clerk. Dated this 25 day of October, 2021. _____________________________________________  Angela Padgett-Espiritu, Executive Assistant   The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5199 (voice) or 1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to participate in the meeting or to obtain agenda information in large print format. Supporting documentation and staff reports furnished the Commission with this agenda are available for review in the Town Manager's Office.    Municipal Property Corporation Meeting of November 8, 2021 2 of 2   ITEM 4. TOWN OF FOUNTAIN HILLS STAFF REPORT    Meeting Date: 11/08/2021 Meeting Type: Municipal Property Corporation Agenda Type: Submitting Department: Administration Prepared by: Angela Padgett-Espiritu, Executive Assistant to Manager, Mayor/Council Staff Contact Information: Angela Padgett-Espiritu, Executive Assistant to Manager, Mayor/Council Request to Municipal Property Corporation (Agenda Language):  CONSIDERATION OF Approving the November 2, 2020, Meeting Minutes. Staff Summary (Background) The intent of approving meeting minutes is to ensure an accurate account of the discussion and action that took place at the meeting for archival purposes. Approved minutes are placed on the Town's website and maintained as permanent records in compliance with state law. Attachments FY19-20 Annual Report  MPC 11022020 Meeting Minutes  Form Review Form Started By: Angela Padgett-Espiritu Started On: 11/02/2020 02:44 PM Final Approval Date: 11/02/2020  Municipal Property Corp Debt ServiceFund ASSETS Cash and Investments 11,537$ Intergovernmental Receivable - Total Assets 11,537$ LIABILITIES AND FUND BALANCE Liabilities: Accounts Payable -$ Total Liabilities - Fund Balance: Restricted 11,537 Total Fund Balance 11,537 Total Liabilities and Fund Balance 11,537$ TOWN OF FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION Balance Sheet - Governmental Funds As of June 30, 2020 FY19-20 Actual FY19-20 Budget REVENUES Investment Earnings 1,866$ 840$ Total Revenues 1,866 840 EXPENDITURES Debt Service: Principal 300,000 300,000 Interest 4,860 4,860 Fiscal Charges 1,010 1,010 Total Expenditures 305,870 305,870 Excess (Deficiency) of Revenues Over/(Under) Expenditures (304,004) (305,030) OTHER FINANCING SOURCES (USES) Transfer in 303,235 303,235 Total Other Financing Sources (Uses)303,235 303,235 Net Change in Fund Balance (769) (1,795) Fund Balance, Beginning of Year 12,306 12,306 Fund Balance, End of Year 11,537$ 10,511$ TOWN OF FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION Statement of Revenues, Expenditures and Changes in Fund Balance for Fiscal Year Ended June 30, 2020 TOWN OF FOUNTAIN HILLS MINUTES OF THE REGULAR MEETING OF THE FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION NOVEMBER 2, 2020   Present: Chester Yon, Secretary; Roger Riggert, President; Deborah Skehen, Board Member Staff Present:Grady Miller, Town Manager Angela Padgett-Espiritu, Executive Assistant David Pock, Finance Director            1.CALL TO ORDER – President Riggert    President Riggert called the meeting to order at 2:04 p.m.   2.ROLL CALL – President Riggert   3.CALL TO THE PUBLIC Pursuant to A.R.S. §38-431.01(H), 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 commissioners 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.    No one from the public was present.   4.CONSIDERATION OF Approving the November 4, 2019, Meeting Minutes       MOVED BY President Roger Riggert, Board Member Deborah Skehen to APPROVE the minutes of the November 4, 2019 meeting.  AYE: Board Member Deborah Skehen, President Roger Riggert, Secretary Chester Yon   5.CONSIDERATION OF Electing Officers       MOVED BY Board Member Deborah Skehen, Secretary Chester Yon to APPOINT Roger Riggert as President of the Municipal Property Corporation.  AYE: Board Member Deborah Skehen, President Roger Riggert, Secretary Chester Yon    MOVED BY President Roger Riggert, Secretary Chester Yon to APPOINT Deborah Skehen as Vice President of the Municipal Property Corporation.  AYE: Board Member Deborah Skehen, President Roger Riggert, Secretary Chester Yon    MOVED BY President Roger Riggert, Board Member Deborah Skehen to APPOINT Chester Yon as Secretary/Treasury of the Municipal Property Corporation.  AYE: Board Member Deborah Skehen, President Roger Riggert, Secretary Chester Yon   6.FINANCIAL REPORT for year ending June 30, 2020       Finance Director David Pock reviewed the attached financial report for the Municipal Property Corporation.   7.ADJOURNMENT    MOVED BY President Roger Riggert, Board Member Deborah Skehen for adjounment of the Municipal Property Corporation at 2:12 p.m.  AYE: Board Member Deborah Skehen, President Roger Riggert, Secretary Chester Yon     MUNICIPAL PROPERTY CORPORATION ____________________________ Roger Riggert, President ATTEST AND PREPARED BY: ______________________________ Angela Espiritu, Executive Assistant CERTIFICATION I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the Regular Meeting held by the Fountain Hills Municipal Property Corporation in the Town Hall Fountain Conference room on the 2 day of November, 2020. I further certify that the meeting was duly called and that a quorum was present. DATED this 8 day of November, 2021. _________________________________ Angela Espiritu, Executive Assistant ITEM 5. TOWN OF FOUNTAIN HILLS STAFF REPORT    Meeting Date: 11/08/2021 Meeting Type: Municipal Property Corporation Agenda Type: Submitting Department: Administration Prepared by: Angela Padgett-Espiritu, Executive Assistant to Manager, Mayor/Council Staff Contact Information: Angela Padgett-Espiritu, Executive Assistant to Manager, Mayor/Council Request to Municipal Property Corporation (Agenda Language):  CONSIDERATION OF Electing Officers. Staff Summary (Background) Form Review Form Started By: Angela Padgett-Espiritu Started On: 11/02/2020 02:47 PM Final Approval Date: 11/02/2020  ITEM 6. TOWN OF FOUNTAIN HILLS STAFF REPORT    Meeting Date: 11/08/2021 Meeting Type: Municipal Property Corporation Agenda Type: Submitting Department: Administration Prepared by: Angela Padgett-Espiritu, Executive Assistant to Manager, Mayor/Council Staff Contact Information: Angela Padgett-Espiritu, Executive Assistant to Manager, Mayor/Council Request to Municipal Property Corporation (Agenda Language):  FINANCIAL REPORT for year ending June 30, 2021. Staff Summary (Background) Review of the financial report for year ending June 30, 2021. Attachments Financial Report FY20-21  Form Review Form Started By: Angela Padgett-Espiritu Started On: 11/02/2020 02:48 PM Final Approval Date: 11/02/2020  Municipal Property Corp Debt Service Fund ASSETS Cash and Investments 11,027$ Intergovernmental Receivable - Total Assets 11,027$ LIABILITIES AND FUND BALANCE Liabilities: Accounts Payable -$ Total Liabilities - Fund Balance: Restricted 11,027 Total Fund Balance 11,027 Total Liabilities and Fund Balance 11,027$ TOWN OF FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION Balance Sheet - Governmental Funds As of June 30, 2021 FY20-21 Actual FY20-21 Budget REVENUES Investment Earnings -$ 840$ Total Revenues - 840 EXPENDITURES Debt Service: Principal - - Interest - - Fiscal Charges 510 1,010 Total Expenditures 510 1,010 Excess (Deficiency) of Revenues Over/(Under) Expenditures (510) (170) OTHER FINANCING SOURCES (USES) Transfer in - - Total Other Financing Sources (Uses)- - Net Change in Fund Balance (510) (170) Fund Balance, Beginning of Year 11,537 11,537 Fund Balance, End of Year 11,027$ 11,367$ TOWN OF FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION Statement of Revenues, Expenditures and Changes in Fund Balance for Fiscal Year Ended June 30, 2021