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Home My WebLink About160505EMCFDP z:\council packets\2016\r160505\emcfd\160505emcfda.doc Last printed 4/28/2016 5:15 PM NOTICE OF SPECIAL SESSION OF THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT BOARD WHEN: THURSDAY, MAY 5, 2016 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 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 May 5, 2016, 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 June 18, 2015. 2. PUBLIC HEARING regarding RESOLUTION EMCFD 2016-01, approving the Tentative Budget of the District for the Fiscal Year beginning July 1, 2016, and ending June 30, 2017, setting a hearing date for the budget and annual assessments. 3. CONSIDERATION of RESOLUTION EMCFD 2016-01, approving the Tentative Budget of the District for the Fiscal Year beginning July 1, 2016, and ending June 30, 2017, setting a hearing date for the budget and annual assessments. 4. ADJOURNMENT. DATED this 28th day of April, 2016. Bevelyn J. Bender, District 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]. NOTICE OF SPECIAL SESSION OF THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT BOARD WHEN:THURSDAY,MAY 5,2016 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 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 May 5, 2016,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 personalaction 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. Pursuantto A.R.S.§38-431-01(G),public commentis permitted(not required) on matters not listed on the agenda.Anysuch comment(i) must be within the jurisdiction of the Directorsis 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 noticedfor discussion and legal action.At the conclusion of the "Call to the Public",individual Directors may(i) respondto criticism,(ii) ask staff to review a matteror (iii) ask that the matterbe placed on a future agenda. 1.CONSIDERATION of approving the Eagle Mountain Community Facilities District Board MEETING MINUTES of June 18,2015. 2.PUBLIC HEARING regarding RESOLUTION EMCFD 2016-01, approving the Tentative Budget of the District for the Fiscal Year beginning July 1, 2016, and ending June 30,2017, setting a hearing date for the budget and annual assessments. 3.CONSIDERATION of RESOLUTION EMCFD 2016-01,approving the Tentative Budget of the District for the Fiscal Year beginning July 1,2016,and ending June 30,2017,setting a hearing date for the budget and annual assessments. 4.ADJOURNMENT. DATED this 30th day of April,2015./&Um£^ Bevelyn J'BenQer,District Clerk The Eagle Mountain Community Facilities District,in cooperation with theTown 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 staffreports furnished with this agenda are available for review inthe Clerk's office and on the Town's website [www.fh.az.gov]. z:\council packets\2016\rl60505\emcfd\160505emcfda.doc Last printed 4/26/2016 5:47 PM 2658099.2 RESOLUTION EMCFD 2016-01 A RESOLUTION OF THE BOARD OF THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT, MARICOPA COUNTY, ARIZONA, APPROVING THE TENTATIVE BUDGET OF THE DISTRICT FOR THE FISCAL YEAR BEGINNING JULY 1, 2016 AND ENDING JUNE 30, 2017, AND SETTING A HEARING DATE FOR THE BUDGET. BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT, 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 2016-17. 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 2016-17 Annual Budget for the District; said hearing to be conducted on June 2, 2016, 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 16, 2016, at the same time and place. PASSED AND ADOPTED by the Board of Directors of the Eagle Mountain Community Facilities District on May 5, 2016. Linda M. Kavanagh, District Chairperson ATTEST: Bevelyn J. Bender, District Clerk APPROVED AS TO FORM: Andrew J. McGuire, District Counsel 2658099.2 EXHIBIT A TO RESOLUTION EMCFD 2016-01 [Notice/Tentative Budget] See following page. 2658099.2 NOTICE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT PROPERTY OWNERS The taxpayers of the Eagle Mountain Community Facilities District (the “District”) are hereby notified that the Board of Directors will hold a public meeting on June 2, 2016 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 2016/2017 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 2016/2017 District budget may be viewed prior to the June 2, 2016, 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 2016-2017 For the Year Ended Revenues June 30, 2017 Tax Levy at $1.3665 per $100 Limited Property Value Assessed Valuation $378,392 Interest Earnings 150 TOTAL $378,542 Expenses Annual Debt Service Payment on Refunded Bonds $409,056 Administrative Costs 170 TOTAL $409,226