HomeMy WebLinkAboutCMD2013-01RESOLUTION CMD NO. 2013-01
RESOLUTION OF THE COTTONWOODS MAINTENANCE DISTRICT
BOARD, MARICOPA COUNTY, ARIZONA, 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 ANNUAL ASSESSMENTS AND BUDGET.
BE IT RESOLVED by the Board of Directors of the Cottonwoods Maintenance District,
Maricopa County, Arizona, as follows:
SECTION 1. The statements and schedules attached 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 Cottonwoods Maintenance District, Maricopa County, Arizona, (the
"District") for the fiscal year 2013 -14. The statements and estimates of the operation and
maintenance expenses of the District, the costs of capital improvements and other expenditures
for public infrastructure of the District (collectively, the "District Expenditures ") are hereby filed
with the District Clerk.
SECTION 2. The District Clerk is hereby authorized and directed to cause to be (i)
mailed to the governing body of the Town of Fountain Hills and all persons owning real property
within the District and (ii) 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 hearing for District taxpayers on the statements and estimates of District
Expenditures filed with the District Clerk, including the annual assessments 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 85268. At the conclusion of the
hearing the District Board shall pass upon any objections and shall adopt the Final Budget for the
District; final approval of the tax levy for the District shall follow on June 20, 2013, at the same
time and place.
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance
District, Maricopa County, Arizona, on May 16, 2013.
it'inda M. K�vahkigh, Disty t Chairman
ATTEST:
Bevelyn J. BVder, District Clerk
AP O AS TO FORM:
Andrew J. cGuire, District Counsel
1952180.2
EXHIBIT A
TO
RESOLUTION CMD 2013 -01
[Notice/Tentative Budget]
See following page.
1952180.2
NOTICE
The taxpayers of the Cottonwoods Maintenance District are hereby notified that the
Board of Directors will hold a public meeting on June 6, 2013 at 6:25 p.m. at 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 Cottonwoods Maintenance District, after which the
foregoing estimates as modified or as now existing, will be assessed by the Board as the
basis for the 2013/2014 budget. Taxpayers may file written objections at any time prior
to the hearing, and the Board of Directors shall hear and pass upon any objections at the
hearing.
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.
COTTONWOODS MAINTENANCE DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2013 -2014
Revenues
Tax Levy at $83.15 per Property Owner
TOTAL
Expenses
Annual Landscape Maintenance Cost
Annual Reserve for Exterior Wall Maintenance
Reserve Fund
TOTAL
1952180.2
For the Year Ended
30- Jun -14
$4,823
$4,823
$3,500
$1,073
$250
$4,823