HomeMy WebLinkAboutEMCFD 2010-01RESOLUTION EMCFD NO. 2010 -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, 2010 AND ENDING JUNE 30, 2011, 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 I. 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 2010 -11. The statements and estimates of the operation and maintenance
expenses of the District (collectively, the "District Expenditures ") which are to be paid from ad
valorem taxes collected in the District, am 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 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 2010 -11 Annual Budget for the District; said hearing to be
conducted on June 17, 2010, at the hour of 6:15 p.m. in 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 August 5, 2010, 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 June 3, 2010.
J y T chlum, District Chairman
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Bevelyn J. C/ / District _
APTA ERM:
Andrew J. McGuire, District Counsel
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EXHIBIT A
TO
RESOLUTION EMCFD NO. 2010-01
1252383.1
[Tentative Budget]
See following page.
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 17, 2010 at 6:15
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 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 2010/2011 budget. Copies of the tentative 2010/2011 district
budget may be viewed prior to the June 17, 2010 meeting at the District Clerk's office at
the District Office, Public Library and the Town of Fountain Hills website.
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
TENTATIVE BUDGET
FISCAL YEAR 2010 -2011
APPROVED JUNE 3, 2010
For the Year Endcc
Revenues 30- Jun -II
Tax Levy at $1.29 per $100 Secondary $426,250
Assessed Valuation
Interest earnings $100
Carry over from prior years $0
TOTAL $426,350
Expenses
Annual Debt Service Payment on Refunded Bonds $403,360
Administrative Costs $10,266
Trustee Fees $1,000
TOTAL $414,626
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