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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