HomeMy WebLinkAboutEMCFD2013-01RESOLUTION EMCFD NO. 2013-01
RESOLUTION OF THE CHAIRMAN AND BOARD OF THE EAGLE
MOUNTAIN COMMUNITY FACILITIES DISTRICT, APPROVING THE
TENTATIVE BUDGET OF THE DISTRICT FOR THE FISCAL YEAR
BEGINNING JULY 1, 2013 AND ENDING JUNE 30, 2014, AND SETTING A
HEARING DATE FOR THE BUDGET.
BE IT RESOLVED by the Chairman and Board of the Eagle Mountain Community
Facilities District, Maricopa County, Arizona, as follows:
SECTION 1. 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 tentative budget for the Eagle Mountain Community Facilities District (the "District ") for
the fiscal year 2013 -14. The statements and estimates of the operation and maintenance
expenses of the District and the amount needed to pay general obligation bonds of the District
(collectively, the "District Expenditures "), which are to be paid from ad valorem taxes collected
in the District, are hereby filed with the District Clerk.
SECTION 2. The District Clerk is hereby authorized and directed to cause to be mailed
to the governing body of the Town of Fountain Hills and published in the manner prescribed by
law, a notice in substantially the form attached hereto as Exhibit A, that the District Board will
meet for the purpose of conducting a final hearing for District taxpayers on the statements and
estimates of District Expenditures filed with the District Clerk and on the adoption of the 2013-
14 Annual Budget for the District; said hearing to be conducted on June 6, 2013, at the hour of
6:25 p.m. in the District offices (the Council Chambers at Fountain Hills Town Hall), 16705 E.
Avenue of the Fountains, Fountain Hills, Arizona, with final approval of the Tax Levy on June
20, 2013, at the same time and place.
PASSED AND ADOPTED by the Chairman and Board of the Eagle Mountain
Community Facilities District, Maricopa County, Arizona, on May 16, 2013.
ATTEST:
AS TO FORM:
J. McGuire-,-District Counsel
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EXHIBIT A
TO
RESOLUTION EMCFD NO. 2013-01
[Notice/Tentative Budget]
See following page.
1952116.2
NOTICE
The taxpayers of the Eagle Mountain Community Facilities District are hereby notified
that the Chairman and Board members will hold a public meeting on June 6, 2013 at 6:25
p.m. at the District offices located at 16705 E. Avenue of the Fountains, Fountain Hills,
Arizona, when and where any taxpayers of the District will be heard in favor of, or
against any of the proposed expenditures for the Eagle Mountain Community Facilities
District, after which the foregoing estimates, as modified or as now existing, will be
adopted by the Board as the basis for the 2013/2014 budget. Copies of the tentative
2013/2014 District budget may be viewed prior to the June 6, 2013 meeting at the District
Clerk's office and the Town of Fountain Hills website.
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2013 -2014
For the Year Ended
Revenues 30- Jun -14
Tax Levy at $1.84 per $100 Secondary
Assessed Valuation $430,248
Interest Earnings $600
TOTAL $430,848
Expenses
Annual Debt Service Payment on Refunded Bonds $417,885
Administrative Costs $7,350
TOTAL $425235
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