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