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Home My WebLink About2025.1016.MPC.AGENDA.PACKET NOTICE OF MEETING REGULAR MEETING MUNICIPAL PROPERTY CORPORATION President Roger Riggert Vice President Deborah Skehen Secretary VACANT TIME: WHEN: WHERE: 2:00 PM - REGULAR MEETING DOORS OPEN 15 MINUTES PRIOR TO THE START OF THE MEETING. THURSDAY, OCTOBER 16, 2025 TOWN HALL - FOUNTAIN CONFERENCE ROOM 16705 E. AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, ARIZONA REQUEST TO COMMENT The public is welcome to participate in public meetings. TO SPEAK TO A CONSENT OR REGULAR AGENDA ITEM, complete a Request to Comment card and hand it to the Town Clerk prior to discussion of that item. Include the agenda item NUMBER on which you wish to comment. A separate submission is required for each agenda item. Request to Comment cards will not be accepted once the Council deliberations begin. Submit a Request to Comment card prior to a public hearing agenda item. TO COMMENT ON A CONSENT OR REGULAR AGENDA ITEM IN WRITING ONLY, complete a Request to Comment card, indicating that it is a written comment, check the box on whether you are FOR or AGAINST a consent or regular agenda item, and hand it to the Town Clerk prior to discussion on that item. A separate submission is required for each agenda item. TO SPEAK TO CALL TO THE PUBLIC, complete a Request to Comment card and hand it to the Town Clerk. Speakers will be allowed three contiguous minutes to address the Council. Verbal comments should be directed through the Presiding Officer and not to individual Councilmembers. This Request to Comment card, and any information you write on it, is a public record subject to public disclosure. Meeting Packet Page 1 of 11 1. CALL TO ORDER 2. ROLL CALL 3. CALL TO THE PUBLIC 4. CONSENT AGENDA a. CONSIDERATION AND POSSIBLE ACTION: Approving the Municipal Property Corporation Minutes of the Regular Meeting of November 4, 2024. b. CONSIDERATION AND POSSIBLE ACTION: Election of Officers for the Municipal Property Corporation. c. CONSIDERATION AND POSSIBLE ACTION: Approving the Financial Report for the year ending June 30, 2025. 5. REGULAR AGENDA a. DISCUSSION: Possible Sunsetting of the Municipal Property Corporation. 6. ADJOURNMENT Dated this 14 day of OCTOBER, 2025. Angela Padgett-Espiritu, Executive Assistant/Deputy Town Clerk The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call (480) 816-5100 (voice) or (800) 367- 8939 (TDD) 48-hours prior to the meeting to request reasonable accommodation to participate in the meeting or to obtain agenda information in large print format. Supporting documentation and staff reports furnished to the Council with this agenda are available for review in the Clerk's Office. Meeting Packet Page 2 of 11 ITEM 4.a. TOWN OF FOUNTAIN HILLS STAFF REPORT Meeting Date: 10/16/2025 Meeting Type: Municipal Property Corporation Regular Meeting Submitting Department: Administration / Town Clerk Prepared by: Angela Espiritu, Executive Assistant/Deputy Town Clerk Staff Contact Information: Phone: 480-816-5107 Email: aespiritu@fountainhillsaz.gov Request to Town Council Regular Meeting (Agenda Language) CONSIDERATION AND POSSIBLE ACTION: Approving the Municipal Property Corporation Minutes of the Regular Meeting of November 4, 2024. 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. Related Ordinance, Policy or Guiding Principle n/a Risk Analysis n/a Recommendation(s) by Board(s) or Commission(s) n/a Staff Recommendation(s) Staff recommends approving the Municipal Property Corporation Minutes of the Regular Meeting of November 4, 2024, as presented. Suggested Motion MOVE TO APPROVE the Municipal Property Corporation Minutes of the Regular Meeting of November 4, 2024, as presented. FISCAL IMPACT Fiscal Impact: Budget Reference: Funding Source: ATTACHMENTS 1. Summary MPC Minutes 11042024 Meeting Packet Page 3 of 11 TOWN OF FOUNTAIN HILLS MINUTES OF THE REGULAR MEETING OF THE FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION NOVEMBER 4, 2024 Present: President Roger Riggert (telephonically); Vice President Deborah Skehen Absent: Secretary Chester Yon Staff Present: Rachael Goodwin, Town Manager Paul Soldinger, Chief Finance Officer Angela Padgett-Espiritu, Executive Assistant 1.CALL TO ORDER – President Riggert President Roger Riggert called to order the regular annual meeting of the Municipal Property Corporation at 2:12 p.m. AYE: President Roger Riggert (telephonically), Vice President Deborah Skehen 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 present. 4.CONSIDERATION AND POSSIBLE ACTION: Approving the November 6, 2023, Meeting Minutes. MOVED BY President Roger Riggert (telephonically), SECONDED Vice President Deborah Skehen to APPROVE the minutes of the November 6, 2023 meeting AYE: President Roger Riggert (telephonically), Vice President Deborah Skehen 5.CONSIDERATION AND POSSIBLE ACTION: Electing Officers MOVED BY Vice President Deborah Skehen, SECONDED President Roger Riggert (telephonically) to REAPPOINT Roger Riggert as President of the Municipal Property Corporation. Meeting Packet Page 4 of 11 AYE: President Roger Riggert (telephonically), Vice President Deborah Skehen MOVED BY President Roger Riggert (telephonically), SECONDED Vice President Deborah Skehen to REAPPOINT Deborah Skehen as Vice President of the Municipal Property Corporation. AYE: President Roger Riggert (telephonically), Vice President Deborah Skehen MOVED BY President Roger Riggert (telephonically), SECONDED Vice President Deborah Skehen to REAPPOINT Chester Yon as Secretary of the Municipal Property Corporation. AYE: President Roger Riggert (telephonically), Vice President Deborah Skehen 6.CONSIDERATION AND POSSIBLE ACTION: Approving Financial Report for year ending June 30, 2024. MOVED BY Vice President Deborah Skehen, SECONDED President Roger Riggert (telephonically) to APPROVE the financial report for year ending June 30, 2024. AYE: President Roger Riggert (telephonically), Vice President Deborah Skehen 7.ADJOURNMENT MOVED BY President Roger Riggert (telephonically), SECONDED Vice President Deborah Skehen to ADJOURN the regular annual meeting of the Municipal Property Corporation at 2:15 p.m. AYE: President Roger Riggert (telephonically), Vice President Deborah Skehen Meeting Packet Page 5 of 11 MUNICIPAL PROPERTY CORPORATION ____________________________ Roger Riggert, President ATTEST AND PREPARED BY: ____________________________________________ Angela Espiritu, Executive Assistant/Deputy Town Clerk 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 4 day of November, 2024. I further certify that the meeting was duly called and that a quorum was present. DATED this 16 day of October, 2025. ________________________________ Angela Espiritu, Executive Assistant Deputy Town Clerk Meeting Packet Page 6 of 11 ITEM 4.b. TOWN OF FOUNTAIN HILLS STAFF REPORT Meeting Date: 10/16/2025 Meeting Type: Municipal Property Corporation Regular Meeting Submitting Department: Administration / Town Clerk Prepared by: Angela Espiritu, Executive Assistant/Deputy Town Clerk Staff Contact Information: Phone: 480-816-5107 Email: aespiritu@fountainhillsaz.gov Request to Town Council Regular Meeting (Agenda Language) CONSIDERATION AND POSSIBLE ACTION: Election of Officers for the Municipal Property Corporation. Staff Summary (background) In accordance with the Town Code and Corporation bylaws, the Municipal Property Corporation shall elect officers annually to serve for the upcoming calendar year. The positions to be filled include President, Vice President, and Secretary. Related Ordinance, Policy or Guiding Principle Risk Analysis Recommendation(s) by Board(s) or Commission(s) Staff Recommendation(s) Staff recommends that the Corporation elect a President, Vice President and Secretary to serve for the 2026 calendar year. Suggested Motion MOVE TO ELECT _____________ as President of the Municipal Property Corporation. MOVE TO ELECT _____________ as Vice President of the Municipal Property Corporation. MOVE TO ELECT _____________ as Secretary of the Municipal Property Corporation. FISCAL IMPACT Fiscal Impact: Budget Reference: Funding Source: ATTACHMENTS None Meeting Packet Page 7 of 11 ITEM 4.c. TOWN OF FOUNTAIN HILLS STAFF REPORT Meeting Date: 10/16/2025 Meeting Type: Municipal Property Corporation Regular Meeting Submitting Department: Administration / Town Clerk Prepared by: Angela Espiritu, Executive Assistant/Deputy Town Clerk Staff Contact Information: Phone: 480-816-5107 Email: aespiritu@fountainhillsaz.gov Request to Town Council Regular Meeting (Agenda Language) CONSIDERATION AND POSSIBLE ACTION: Approving the Financial Report for the year ending June 30, 2025. Staff Summary (background) Related Ordinance, Policy or Guiding Principle n/a Risk Analysis n/a Recommendation(s) by Board(s) or Commission(s) n/a Staff Recommendation(s) Staff recommends approving the Financial Report for the year ending June 30, 2025, as presented. Suggested Motion MOVE TO APPROVE the Financial Report for the year ending June 30, 2025. FISCAL IMPACT Fiscal Impact: Budget Reference: Funding Source: ATTACHMENTS 1. MPC Annual Report FY24-25 - Final Report July 2025 Meeting Packet Page 8 of 11 Municipal Property Corp Debt Service Fund ASSETS Cash and Investments 12,530$ Intergovernmental Receivable - Total Assets 12,530$ LIABILITIES AND FUND BALANCE Liabilities: Accounts Payable -$ Total Liabilities - Fund Balance: Restricted 12,530 Total Fund Balance 12,530 Total Liabilities and Fund Balance 12,530$ TOWN OF FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION Balance Sheet - Governmental Funds As of June 30, 2025 Meeting Packet Page 9 of 11 FY24-25 Actual FY24-25 Budget REVENUES Investment Earnings 495$ 300$ Total Revenues 495 300 EXPENDITURES Administrative Fees - 500 Debt Service: Principal - - Interest - - Fiscal Charges 10 10 Total Expenditures 10 510 Excess (Deficiency) of Revenues Over/(Under) Expenditures 485 (210) OTHER FINANCING SOURCES (USES) Transfer in - - Total Other Financing Sources (Uses)- - Net Change in Fund Balance 485 (210) Fund Balance, Beginning of Year 12,045 12,045 Fund Balance, End of Year 12,530$ 11,835$ TOWN OF FOUNTAIN HILLS MUNICIPAL PROPERTY CORPORATION Statement of Revenues, Expenditures and Changes in Fund Balance for Fiscal Year Ended June 30, 2025 Meeting Packet Page 10 of 11 ITEM 5.a. TOWN OF FOUNTAIN HILLS STAFF REPORT Meeting Date: 10/16/2025 Meeting Type: Municipal Property Corporation Regular Meeting Submitting Department: Administration / Town Clerk Prepared by: Angela Espiritu, Executive Assistant/Deputy Town Clerk Staff Contact Information: Phone: 480-816-5107 Email: aespiritu@fountainhillsaz.gov Request to Town Council Regular Meeting (Agenda Language) DISCUSSION: Possible Sunsetting of the Municipal Property Corporation. Staff Summary (background) The purpose of this item is to provide an opportunity to discuss preliminary information regarding the potential sunsetting of the Municipal Property Corporation (MPC). Staff will review the general guidance received to date and outline how this process may progress over the coming months. It is anticipated that a special meeting may be required later this fiscal year for the MPC members to formally consider and vote on the closure prior to Town Council consideration. Related Ordinance, Policy or Guiding Principle N/A Risk Analysis N/A Recommendation(s) by Board(s) or Commission(s) N/A Staff Recommendation(s) Suggested Motion DISCUSSION ONLY FISCAL IMPACT Fiscal Impact: Budget Reference: Funding Source: ATTACHMENTS None Meeting Packet Page 11 of 11