HomeMy WebLinkAboutEMCFD2013-02RESOLUTION EMCFD NO. 2013-02
A RESOLUTION OF THE BOARD OF THE EAGLE MOUNTAIN
COMMUNITY FACILITIES DISTRICT, APPROVING THE FINAL BUDGET
OF THE DISTRICT. FOR THE FISCAL YEAR BEGINNING JULY 1, 2013
AND ENDING JUNE 30, 2014.
WHEREAS, pursuant to ARIZ. REv. STAT. §§ 48 -715 and 48 -716, on May 16, 2013, the
Board of Directors of the Eagle Mountain Community Facilities District (the "Board ") approved
Resolution EMCFD 2013 -01, which (i) adopted the statements and schedules attached as
Exhibit A and incorporated herein by this reference as the tentative budget for the Eagle
Mountain Community Facilities District, Maricopa County, Arizona, (the "District ") for the
fiscal year 2013 -14 and (ii) authorized and directed the District Clerk to cause to be (a) mailed to
the governing body of the Town of Fountain Hills and (b) published in a manner prescribed by
law, a notice that the District Board would meet for the purpose of conducting a final hearing for
District taxpayers on the statements and schedules of the District Expenditures filed with the
District Clerk on June 6, 2013; and
WHEREAS, proper notice was given by publication in the Fountain_ Hills Times on May
22, 2013 and May 29, 2013; and
WHEREAS, in accordance with ARIZ. REv. STAT. § 48 -716 and following published
notice, a public hearing was conducted on June 6, 2013, at which hearing any taxpayer was
permitted to appear and be heard regarding the 2013 -14 annual budget for the District.
NOW, THEREFORE, BE IT RESOLVED by the Board of the Eagle Mountain
Community Facilities District, Maricopa County, Arizona, as follows:
SECTION 1. The recitals above are hereby incorporated as if fully set forth herein.
SECTION 2. The Board has heard all objections and has determined that (i) such
objections do not provide a basis for a modification of the statements and schedules attached
hereto as Exhibit A and (ii) any informalities or irregularities which may have occurred in the
adoption process for the District budget have been properly remedied.
SECTION 3. 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 final budget for the Eagle Mountain Community Facilities District, Maricopa County,
Arizona, for the fiscal year 2013 -14. The statements and estimates of the operation and
maintenance expenses of the District, which are to be paid from ad valorem taxes collected in the
District, are hereby filed with the District Clerk.
SECTION 4. The District Chairperson, the District Clerk and the District Counsel are
hereby authorized and directed to take all steps necessary to carry out the purpose and intent of
this Resolution.
1962184.1
PASSED AND ADOPTED by the Board of the Eagle Mountain Community Facilities
District, Maricopa County, Arizona, on June 6, 2013.
"-1ndfi M. Kavedagh, District hairperson
ATTEST:
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APPROVED AS TO FORM:
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Andrew J. McGuire, District Counsel
1962184.1
EXHIBIT A
TO
RESOLUTION EMCFD NO. 2013-02
[Final Budget]
See following page.
1462184.1
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
FINAL BUDGET
FISCAL YEAR 2013 -2014
For the Year Ended
Revenues 30- Jun -14
Tax Levy at $1.84 per $100 Secondary
Assessed Valuation $4305248
Interest Earnings $600
TOTAL $430,848
Expenses
Annual Debt Service Payment on Refunded Bonds $417,885
Administrative Costs
TOTAL
1962184.1
$7,350
$425,235