HomeMy WebLinkAboutCMD2013-02RESOLUTION CMD 2013 -02
A RESOLUTION OF THE BOARD OF THE COTTONWOODS
MAINTENANCE DISTRICT APPROVING THE FINAL BUDGET OF THE
DISTRICT FOR THE FISCAL YEAR BEGINNING JULY 1, 2013 AND
ENDING JUNE 30, 2014.
WHEREAS, the provisions of ARIZ. REV. STAT. §§ 48 -574 and 48 -575 allow for the
assessment of maintenance charges upon the lots and parcels within an improvement district and
such assessments to be collected in the manner and by the officers provided by law for the
collection and enforcement of general taxes; and
WHEREAS, pursuant to ARIZ. REV. STAT. §§ 48- 574(E) and 48- 575(E), on
May 16, 2013, the Board of Directors of the Cottonwoods Maintenance District (the "Board ")
approved Resolution CMD 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 Cottonwoods
Maintenance 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 all persons owning real property within the District and (b)
published in a manner prescribed by law, a notice that the 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 (i) publication in the Fountain Hills Times on
May 22, 2013 and May 29, 2013, and (ii) first class mail to all persons owning real property in
the District on May 16, 2013; and
WHEREAS, on June 6, 2013, the Board held a public hearing to allow taxpayers of the
District to voice their comments in favor of or against any proposed expenditures and
assessments; and
WHEREAS, any person owning real property affected by the assessment who had any
objection to the legality of the assessment or to any of the previous proceedings connected
therewith was given the opportunity to appear before the Board at the hearing to present any
further objections.
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of the
Cottonwoods Maintenance 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.
1952342.2
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 Cottonwoods Maintenance District, Maricopa County, Arizona, 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 are hereby filed with the District Clerk.
SECTION 4. The District Chairperson,
hereby authorized and directed to take all steps
this Resolution.
the District Clerk and the District Counsel are
necessary to carry out the purpose and intent of
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance
District, Maricopa County, Arizona, on June 6, 2013.
ATTEST:
�p 4
M 1 0111V, JLVI
Andrew J
1952342.2
AS TO FORM:
District Counsel
4 n a M. qa agh, Distri t Chairperson
EXHIBIT A
TO
RESOLUTION CMD 2013 -02
[Final Budget]
See following page.
1952342.2
COTTONWOODS MAINTENANCE DISTRICT
FINAL 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
1952342.2
For the Year Ended
30- Jun -14
$4,823
$4,823
$3,500
$1,073
$250
$4,823