HomeMy WebLinkAboutCMD 2010-01RESOLUTION CMD NO. 2010 -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, 2010 AND ENDING JUNE 30, 2011, 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 I. 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 2010 -11. 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 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, including the
annual assessments 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 85268,
with final approval of the Tax Levy on August 5, 2010, at the same time and place.
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance
District, Maricopa County, Arizona, on June 3, 2010.
1 T Schlum, District Chairman
ATTEST
Bevelyn J. EVnd#`District Clerk
APP V DNA 1S TO FORM:
J V `lam
Andrew J. McGuire, District Counsel
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EMBIT A
TO
RESOLUTION CMD 2010 -01
[Tentative Budget]
See following page.
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The taxpayers of the Cottonwoods Maintenance District are hereby notified that the Cltnirman 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 Cottonwoods
Maintenance District, after which the foregoing estimates as modified or as now existing, will be
adopted by the board as the basis for the 20102011 budget. Copies of the tentative 20102011
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 %ebsite.
COTTONWOODS MAINTENANCE DISTRICT
TENTATIVE BUDGET'
FISCAL YEAR 2010 -2011
APPROVED June 3, 2010
Revenues
Tax Levy at $57.15 per Property Owner
Assessed Valuation
Expenses
For the Year Ended
30- Jun -11
$3,315
TOTAL S3,315
Annual Maintenance Costs $3,315
TOTAL S3,315
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