HomeMy WebLinkAboutCMD 2016-01RESOLUTION CMD 2016-01
A RESOLUTION OF THE BOARD OF THE COTTONWOODS
MAINTENANCE 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 ANNUAL ASSESSMENTS
AND BUDGET.
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE COTTONWOODS
MAINTENANCE DISTRICT,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 2016-17.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 all persons 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 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 Cottonwoods Maintenance
District on May 5,2016.
ATTEST:
&LL.
Bevelyn J.Beraler,Efistrict Clerk
APPROVED AS TO FORM:
Andrew J.McGuire,District Counsel
2657903.2
da M.Kavanagh,Disfrict Chairperson