HomeMy WebLinkAboutCMD 2015-01RESOLUTION CMD 2015 -01
A RESOLUTION OF THE COTTONWOODS MAINTENANCE 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 ANNUAL ASSESSMENTS AND BUDGET.
BE IT RESOLVED by the Board of Directors of the Cottonwoods Maintenance
District, Maricopa County, Arizona, as follows:
SECTION 1. 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 2015 -16. 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 allpersons owning real
property within the District 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 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 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 Board of Directors of the Cottonwoods
Maintenance District, Maricopa County, Arizona, on May 7, 2015.
L dpi a M. Kav'aiia , District Chairperson
ATTEST:
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APPMVED AS TO FORM:
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Andrew J. McGuire, District Counsel
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EXHIBIT A
TO
RESOLUTION CMD 2015 -01
[Notice/Tentative Budget]
See following page.
2373620.3
NOTICE
The taxpayers of the Cottonwoods Maintenance District (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, 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 assessed 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.
COTTONWOODS MAINTENANCE DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2015 -2016
For the Year Ended
Revenues June 30, 2016
Tax Levy at $92.51 per Property Owner $5,366
TOTAL
Expenses
Annual Landscape Maintenance Cost $4,015
Annual Reserve for Exterior Wall Maintenance 1,073
Reserve Fund 250
Administrative Cost 28
TOTAL
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