HomeMy WebLinkAboutEMCFD 2010-02RESOLUTION EMCFD NO, 2010 -02
RESOLUTION OF THE CHAIRMAN AND BOARD OF THE EAGLE
MOUNTAIN COMMUNITY FACILITIES DISTRICT, APPROVING THE
FINAL BUDGET OF THE DISTRICT FOR THE FISCAL YEAR BEGINNING
JULY I, 2010 AND ENDING JUNE 30, 201 I.
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 final 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, which are to be paid from ad valorem taxes collected in the District, arc hereby filed
with the District Clerk.
PASSED AND ADOPTED by the Chairman and Board of the Eagle Mountain
Community Facilities District, Maricopa County, Arizona, on June 17, 2010.
1 T Schlum, District Chairman
ATTEST:
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APPROVED AS TO FORM:
0
La n�-
Andrew J. McGuire, District Counsel
1252386.1
EXHIBIT A
TO
RESOLUTION EMCFD NO. 2010-02
[Final Budget]
See following pages.
1252386.1
The taxpayers of the Eagle Mountain Community Facilities District are hereby notified that the
Chainnan 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 websitc.
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
TENTATIVE BUDGET
FISCAI. YEAR 2010 -2011
APPROVED JUNE 3, 2010
For the Year End&
Revenues 30 -Jun -II
Tax Levy at $ 1.29 per $100 Secondary $426,250
Assessed Valuation
Interest earnings $100
Carryover from prior years SO
TOTAL $426,350
Expenses
Annual Debt Service Payment on Refunded Bonds $403,360
Administrative Costs $7,350
Trustee Fees 51.00x1
TOTAL. $411,710