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Home My WebLink About140605EMCFDPz:\council packets\2014\r140605\emcfd\emcfd packet\140605emcfda.doc Last printed 5/29/2014 3:28 PM NOTICE OF SPECIAL SESSION OF THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT BOARD WHEN: THURSDAY, JUNE 5, 2014 TIME: 6:25 P.M. WHERE: TOWN OF FOUNTAIN HILLS - COUNCIL CHAMBERS 16705 EAST AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ Pursuant to A.R.S. §38-431.02, notice is hereby given to the Directors of the District Board of the Eagle Mountain Community Facilities District (EMCFD) and to the general public that the District Board of the Eagle Mountain Community Facilities District will hold a special session open to the public, which will begin immediately prior to the June 5, 2014, Cottonwoods Maintenance District Board Meeting and Fountain Hills Town Council meeting. Members of the Eagle Mountain Community Facilities District Board will attend either in person or by telephone conference call; a quorum of the Town’s various Commissions or Boards may be in attendance at the Board meeting. “Notice is hereby given that pursuant to A.R.S. §1 -602.A.9, subject to certain specified statutory exceptions, parents have a right to consent before the State or any of its political subdivisions make a video or audio recording of a minor child. Meetings of the District Board are audio and/or video recorded, and, as a result, proceedings in which children are present may be subject to such recording. Parents in order to exercise their rights may either file written consent with the District Clerk to such recording, or take personal action to ensure that their child or children are not present when a recording may be made. If a child is present at the time a recording is made, the District Board will assume that the rights afforded parents pursuant to A.R.S. §1-602.A.9 have been waived.” AGENDA  CALL TO ORDER AND ROLL CALL. – District Board Chair Linda M. Kavanagh  CALL TO THE PUBLIC. Pursuant to A.R.S. §38-431-01(G), public comment is permitted (not required) on matters not listed on the agenda. Any such comment (i) must be within the jurisdiction of the Directors is subject to reasonable time, place and manner restrictions. The Directors will not discuss or take legal action on matters raised during “Call to the Public” unless the matters are properly noticed for discussion and legal action. At the conclusion of the “Call to the Public”, individual Directors may (i) respond to criticism, (ii) ask staff to review a matter or (iii) ask that the matter be placed on a future agenda. 1. CONSIDERATION of approving the Eagle Mountain Community Facilities District Board MEETING MINUTES of May 1, 2014. 2. PUBLIC HEARING regarding RESOLUTION EMCFD 2014-02, approving the Final Budget of the District for the Fiscal Year beginning July 1, 2014, and ending June 30, 2015. 3. CONSIDERATION of RESOLUTION EMCFD 2014-02 approving the Final Budget of the District for the Fiscal Year beginning July 1, 2014, and ending June 30, 2015. 4. ADJOURNMENT. DATED this 29th day of May, 2014. Bevelyn J. Bender, Town Clerk The Eagle Mountain Community Facilities District, in cooperation with the Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 voice or 1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to participate in this meeting. Supporting documentation and staff reports furnished with this agenda are available for review in the Clerk’s office and on the Town’s website [www.fh.az.gov]. TOWN OF FOUNTAIN HILLS Eagle Mountain Community Facilities District AGENDA ACTION FORM Meeting Date:6/5/2014 Meeting Type:Special Session Agenda Type:Consent Submitting Department:Administration Staff Contact Information:BevelynJ.Bender,DistrictClerk;480-816-5115;bbender@fli.az.gov REQUEST TO DISTRICT BOARD (Agenda Language):CONSIDERATION of approving the Eagle Mountain Community Facilities District Board MEETING MINUTES of May1,2014. Applicant:NA Applicant Contact Information:NA Property Location:NA Related Ordinance,Policy or Guiding Principle:A.R.S.§38-431.01 Staff Summary (background):The intent of approving previous meeting minutes isto ensure an accurate account of the discussion and action taken atthat meeting for archival purposes.Approved minutes are placed onthe Town's website in compliance with state law. Risk Analysis (options oralternatives with implications):NA Fiscal Impact (initial and ongoing costs;budget status):NA Budget Reference (page number):NA Funding Source:NA If Multiple Funds utilized,list here: Budgeted;ifNo,attach Budget Adjustment Form:Y • Staff Recommendation(s):Approve List Attachment(s):None ND SUGGESTED MOTION (for District Board use):Moveto approve theMay1,2014 meeting minutes Prepared by: BeveTyn Bender,District Clerk 5/27/2014 Approved: C.Av_^ Ke«-BiickafttttT,District Manager \ Director's Approval: NA"5/27/2014 5/27/2014 Page 1of1 TOWN OF FOUNTAIN HILLS EagleMountain Community Facilities District AGENDA ACTION FORM Meeting Date:6/5/2014 Meeting Type:Special Session Agenda Type:Regular Submitting Department:Administration Staff Contact Information:Craig Rudolphy,District Finance Director,480-816-5162,crudolphy@fh.az.gov (Agenda Language): PUBLIC HEARING regarding RESOLUTION EMCFD 2014-02,approving the Tentative Budget as the Final Budget of the District for the Fiscal Year beginning July 1,2014,and ending June 30,2015. CONSIDERATION of RESOLUTION EMCFD 2014-02,approving the Tentative Budget as the Final Budget of the District for the Fiscal Year beginning July 1,2014,and ending June 30,2015. Applicant: Applicant Contact Information: Property Location: RelatedOrdinance,PolicyorGuidingPrinciple: Staff Summary (background):The tentative budget for the Eagle Mountain Community Facilities District was approved by the District Chairman and members of the Board on May 15,2014;approval of this resolution will adopt the tentative budget as the final budget for Fiscal Year beginning July 1,2014 through June 30,2015. Risk Analysis (options or alternatives with implications): FiscalImpact (initial and ongoing costs;budget status):$423,035 Budget Reference (pagenumber): Funding Source:NA if Multiple Funds utilized,list here:Debt Service Eagle Mountain CFD Budgeted;if No,attach BudgetAdjustmentForm:Y [X]N • Staff Recommendation(s): List Attachment(s): SUGGESTED MOTION (for District Board use):Move to approve Resolution EMCFD 2014-02 adopting the tentative budgetasthe final budgetforFiscalYear 2014-2015. Page 1of2 Prepared by: NA 8/2/2010 Director's Approval/ Craig^Rudolp/iy,District Finance/Director 5/27/2014 Approved: Ken-BuoRonanr District Manager Aou\ 5/27/2014 "1 Page2of2 2170819.1 RESOLUTION EMCFD NO. 2014-02 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, 2014 AND ENDING JUNE 30, 2015. WHEREAS, pursuant to ARIZ. REV. STAT. §§ 48-715 and 48-716, on May 1, 2014, the Board of Directors of the Eagle Mountain Community Facilities District (the “Board”) approved Resolution EMCFD 2014-01, 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 2014–15 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 on June 5, 2014, for the purpose of conducting a final hearing for District taxpayers on the statements and estimates of the District expenditures filed with the District Clerk; and WHEREAS, proper notice was given by publication in the Fountain Hills Times on May 7, 2014, and May 14, 2014; and WHEREAS, in accordance with ARIZ. REV. STAT. § 48-716 and following published notice, a public hearing was conducted on June 5, 2013, at which hearing any taxpayer was permitted to appear and be heard regarding the 2014-15 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 2014-15. 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. 2170819.1 PASSED AND ADOPTED by the Board of the Eagle Mountain Community Facilities District, Maricopa County, Arizona, on June 5, 2014. Linda M. Kavanagh, District Chairperson ATTEST: Bevelyn J. Bender, District Clerk APPROVED AS TO FORM: Andrew J. McGuire, District Counsel 2170819.1 EXHIBIT A TO RESOLUTION EMCFD NO. 2013-02 [Final Budget] See following page. 2170819.1 EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT FINAL BUDGET FISCAL YEAR 2014-2015 For the Year Ended Revenues 30-Jun-15 Tax Levy at $1.6095 per $100 Secondary Assessed Valuation $430,248 Interest Earnings $600 TOTAL $430,848 Expenses Annual Debt Service Payment on Refunded Bonds $415,685 Administrative Costs $7,350 TOTAL $423,035