HomeMy WebLinkAboutEMCFD 2016-01RESOLUTION 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
incorporatedherein by this referenceare hereby approved for the purpose as hereinafterset forth
as the tentative budget for the Eagle MountainCommunityFacilities 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 meetfor 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.
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^Lfnda M.Kavanagh,Distwct Chairperson
ATTEST:
Bevelyn J.Bend€r,District Clerk
APPROVED AS TO FORM:
Andrew J.McGuire,District Counsel
2658099.2