HomeMy WebLinkAboutEMCFD 2015-01RESOLUTION EMCFD 2015 -01
A RESOLUTION OF THE EAGLE MOUNTAIN COMMUNITY FACILITIES
DISTRICT BOARD, MARICOPA COUNTY, ARIZONA, APPROVING THE
TENTATIVE BUDGET OF THE DISTRICT FOR THE FISCAL YEAR
BEGINNING JULY 1, 2015 AND ENDING JUNE 30, 2016, AND SETTING A
HEARING DATE FOR THE BUDGET.
BE IT RESOLVED by the Board of Directors of the Eagle Mountain Community
Facilities District, Maricopa County, Arizona, as follows:
SECTION 1. 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 2015 -16. The statements and estimates of the operation and maintenance expenses
of the District and the amount needed to pay general obligation bonds of the District
(collectively, the "District Expenditures "'), which are to be paid from ad valorem taxes collected
in the District, 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 (ii) published in the manner
prescribed by law, a notice in substantially the form attached hereto as Exhibit A, 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 2015 -16 Annual Budget for the District; said hearing to be conducted on June 4,
2015, at the hour of 6:25 p.m. in the District offices (the Council Chambers at Fountain Hills
Town Hall), 16705 E. Avenue of the Fountains, Fountain Hills, Arizona, 85268. At the
conclusion of the hearing, the District Board shall pass upon any objections and shall adopt the
Final Budget for the District; final approval of the Tax Levy for the District shall follow on June
18, 2015, 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 May 7, 2015.
Li da M. Kavana h, District Chairperson
ATTEST:
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AP O ED AS TO FORM:
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Andrew J. McGuire, District Counsel
2373608.3
EXHIBIT A
TO
RESOLUTION EMCFD 2015 -01
[Notice /Tentative Budget]
See following page.
2373608.3
NOTICE
The taxpayers of the Eagle Mountain Community Facilities District are hereby notified that the
Board of Directors will hold a public meeting on June 4, 2015 at 6:25 p.m. at the District
offices located at 16705 E. Avenue of the Fountains, Fountain Hills, Arizona (the Council
Chambers at Fountain Hills Town Hall), 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 2015/2016 budget. Taxpayers may
file written objections at any time prior to the hearing, and the Board of Directors shall hear
and pass upon any objections at the hearing.
Copies of the tentative 2015/2016 District budget may be viewed prior to the June 4, 2015
meeting at the District Clerk's office, the Town of Fountain Hills website, and the Fountain
Hills branch of the Maricopa County Library.
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2015 -2016
For the Year Ended
Revenues June 30, 2016
Tax Levy at $1.6033 per $100 Secondary Assessed Valuation $426,447
Interest Earnings 9
TOTAL
Expenses
Annual Debt Service Payment on Refunded Bonds $418,088
Administrative Costs 3,335
TOTAL
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