HomeMy WebLinkAbout140619EMCFDPz:\council packets\2014\r140619\emcfd\140619emcfda.doc Last printed 6/12/2014 10:43 AM
NOTICE OF SPECIAL SESSION OF THE
EAGLE MOUNTAIN COMMUNITY
FACILITIES DISTRICT BOARD
WHEN: THURSDAY, JUNE 19, 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 19, 2014, Cottonwoods Maintenance District
Board Meeting and June 19, 2014 Fountain Hills Town Council Regular 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 whic h 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 June 5, 2014.
2. CONSIDERATION of RESOLUTION EMCFD 2014-03, levying upon the assessed valuation
of the property within the District subject to ad valorem taxation a certain sum upon each one
hundred dollars ($100.00) of valuation sufficient to raise the amounts estimated to be required in
the annual budget, specifically for the purpose of paying principal and interest upon bonded
indebtedness; all for Fiscal Year ending on June 30, 2015.
3. ADJOURNMENT.
DATED this 12th day of June, 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 meetin gs 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 avai lable for review in the
Clerk’s office and on the Town’s website [www.fh.az.gov].
z:\council packets\2014\r140619\emcfd\140619emcfda.doc Last printed 6/12/2014 10:43 AM
NOTICE OF SPECIAL SESSION OF THE
EAGLE MOUNTAIN COMMUNITY
FACILITIES DISTRICT BOARD
WHEN: THURSDAY, JUNE 19, 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 19, 2014, Cottonwoods Maintenance District
Board Meeting and June 19, 2014 Fountain Hills Town Council Regular 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 June 5, 2014.
2. CONSIDERATION of RESOLUTION EMCFD 2014-03, levying upon the assessed valuation
of the property within the District subject to ad valorem taxation a certain sum upon each one
hundred dollars ($100.00) of valuation sufficient to raise the amounts estimated to be required in
the annual budget, specifically for the purpose of paying principal and interest upon bonded
indebtedness; all for Fiscal Year ending on June 30, 2015.
3. ADJOURNMENT.
DATED this 12th day of June, 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:6/19/2014 Meeting Type:Special Session
Agenda Type:Regular Submitting Department:Administration
Staff Contact Information:Bevelyn J.Bender,District Clerk;480-816-5115;bbender@fh.az.gov
REQUEST TODISTRICT BOARD (Agenda Language):CONSIDERATION of approving theEagleMountain
Community Facilities District Board MEETING MINUTES of June5,2014.
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 andactiontakenatthat meeting for archival purposes.Approved minutes areplacedonthe
Town's website in compliance with state law.
Risk Analysis (options or alternatives 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;if No,attachBudget Adjustment Form:YD ND
Staff Recommendation(s):Approve
List Attachment(s):None
SUGGESTED MOTION (for District Board use):Moveto approve theJune5,2014meeting minutes
Preparedby:^/y/^./;,44/./^-Apprpved:^
Bevelyn Bender,D/strict plerk 6/10/2014 "NCa^^DLkC^fu
Director's Approval:
RA 5/27/2014
KenBuchanan,District Manager 6/10/2014
Page 1of1
TOWN OF FOUNTAIN HILLS
Eagle Mountain Community Facilities District
AGENDA ACTION FORM
Meeting Date:6/19/2014 Meeting Type:Regular Session
Agenda Type:Regular Submitting Department:Administration
StaffContactInformation:Craig Rudolphy,DistrictFinanceDirector,480-816-5162,crudolphy@fh.az.gov
REQUEST TO DISTRICT BOARD (Agenda Language):CONSIDERATION of RESOLUTION EMCFD 2014-03,
levying uponthe assessed valuation of the property within the District subject toad valorem taxation,a certain
sumuponeachone hundred dollars ($100.00)of valuation sufficient toraisetheamount estimated tobe
required inthe annual budget,specifically forthe purpose of paying principal and interest upon bonded
indebtedness;allfor Fiscal Year ending June 30,2015.
Applicant:
Applicant Contact Information:
Property Location:
Related Ordinance,Policy or Guiding Principle:
Staff Summary (background):TheEagle Mountain Community Facilities District (CFD)issuedbondsin 1996 to
repaythecosts associated with infrastructure improvements andarerepaid annually fromadvaloremtaxes
collectedfromtheresidents of the community.The 2014 assessed valueforEagle Mountain CFDisestimated
tobe $26,800,905 andtheFY 2014-15 budget is $423,035;therefore,ataxlevy of approximately $1.6095will
providesufficientrevenuefortheannualdebtpaymentandadministrativecosts.Thebondswillberetiredin
FY 2020-21.
Risk Analysis (options or alternatives with implications):
Fiscal Impact (initial and ongoing costs;budget status):$423,035
Budget Reference (page number):
Funding Source:NA
If Multiple Funds utilized,list here:
Budgeted;if No,attach Budget Adjustment Form:Y0 NQ
Staff Recommendation(s):
List Attachment(s):
SUGGESTED MOTION (for District Board use):Movetoapprove Resolution EMCFD 2014-03levyinguponthe
property owners ofthe Eagle Mountain Community a levy of $1.6095 per $100 of assessed valuation forthe
purpose of payment of principalandinterestonbondedindebtedness.
Page 1of2
Prepared by:
yt-•!i-^i
Beara Bogdan,Accountant
Director's Approval:
Craig Rudolphy,District Finance Director
Approved:^-^Approved:
Ken Buchanan,District Manager
6/10/2014
6/10/2014
6/10/2014
Page 2 of2
2179738.1
RESOLUTION EMCFD NO. 2014-03
A RESOLUTION OF THE BOARD OF THE EAGLE MOUNTAIN
COMMUNITY FACILITIES DISTRICT LEVYING UPON THE ASSESSED
VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD
VALOREM TAXATION A CERTAIN SUM UPON EACH ONE HUNDRED
DOLLARS ($100.00) OF VALUATION SUFFICIENT TO RAISE THE
AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET,
SPECIFICALLY FOR THE PURPOSE OF PAYING PRINCIPAL AND
INTEREST UPON BONDED INDEBTEDNESS; ALL FOR FISCAL YEAR
ENDING ON JUNE 30, 2015.
WHEREAS, in accordance with ARIZ. REV. STAT. § 48-716 and following published
notice, public hearings were conducted on May 1, 2014 and June 5, 2014, at which hearings any
taxpayer was permitted to appear and be heard regarding the 2014-15 annual budget for the Eagle
Mountain Community Facilities District (the “District”); thereafter, the District Board adopted
Resolution EMCFD 2014-02, approving the annual budget; and
WHEREAS, in accordance with ARIZ. REV. STAT. § 48-723, the District Board desires to
levy such amounts as necessary for the 2014-15 annual District budget.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF THE EAGLE
MOUNTAIN COMMUNITY FACILITIES DISTRICT, as follows:
SECTION 1. The recitals above are hereby incorporated as if fully set forth herein.
SECTION 2. There is hereby levied on each one hundred dollars ($100.00) of the assessed
value of all taxable property, both real and personal, within the corporate limits of the District and
not exempt from taxation, an ad valorem property tax rate of $1.6095, or such other rate as
determined by the Maricopa County Treasurer to be sufficient to raise the aggregate amount of
$423,035.00, for the purpose of paying principal and interest on bonded indebtedness for the
District for the fiscal year ending June 30, 2015.
SECTION 3. No failure by the County Official of Maricopa County, Arizona, to properly
return the delinquent list and no irregularity in the assessment or omission in the same, or
irregularity of any kind in any proceedings shall invalidate such proceedings or invalidate any title
conveyed by any tax deed; failure or neglect of any officer or officers to perform any of the duties
assigned to him or to them shall not invalidate any proceedings or of any such deed or sale or affect
the validity of the assessment and levy of taxes or of the judgment or sale by which the collection of
the same may be enforced or in any manner affect the lien of the District upon such property for the
delinquent taxes unpaid thereon, and no overcharge as to part of the taxes or of costs shall invalidate
any proceedings for collecting of taxes or the foreclosure, and all acts of officers de facto shall be
valid as if performed by officers de jure.
SECTION 4. All resolutions and parts of resolutions in conflict with this Resolution are
hereby repealed.
2179738.1
2
SECTION 5. The District Clerk is hereby directed to transmit a certified copy of this
Resolution to the Board of Supervisors of Maricopa County, Arizona and to the Arizona
Department of Revenue.
SECTION 6. If any provision of this Resolution is for any reason held by any court of
competent jurisdiction to be unenforceable, such provision of portion hereof shall be deemed
separate, distinct and independent of all other provisions and such holding shall not affect the
validity of the remaining portions of this Resolution.
SECTION 7. 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.
PASSED AND ADOPTED by the Board of the Eagle Mountain Community Facilities
District, Maricopa County, Arizona, on June 19, 2014.
Linda Kavanagh, District Chairperson
ATTEST:
Bevelyn J. Bender, District Clerk
APPROVED AS TO FORM:
Andrew J. McGuire, District Counsel
2179738.1
EXHIBIT A
TO
RESOLUTION EMCFD NO. 2014-03
[Final Budget]
See following page.
2179738.1
2
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
FINAL BUDGET
FISCAL YEAR 2014-2015
For the Year Ended
Revenues June 30, 2015
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