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HomeMy WebLinkAbout160505EMCFDMTOWN OF FOUNTAIN HILLS SPECIAL SESSION OF THE DISTRICT BOARD OF THE EAGLE MOUNTAIN COMMUNITY FACILITIESDISTRICT [EMCFD] May 5,2016 CALL TO ORDER AND ROLL CALL District Chair Linda M.Kavanagh called the Special Session to order at 6:28 p.m.in the Fountain Hills Town Hall Council Chambers. ROLL CALL -Present for roll call were the following members of the District Board of the Eagle Mountain Community Facilities District:Chair Linda M.Kavanagh,Vice Chair Henry Leger,Boardmember Nick DePorter,Boardmember Dennis Brown,Boardmember Cecil Yates,Boardmember Cassie Hansen,and Boardmember Alan Magazine.District Manager Grady E.Miller,District Board Attorney Andrew McGuire, and District Clerk Bevelyn Bender were also present. CALL TO THE PUBLIC District Clerk Bender advised that there were no citizens wishing to speak at this time. AGENDA ITEM #1 -CONSIDERATION OF APPROVING THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT BOARD MEETING MINUTES OF JUNE 18.2015. Boardmember Hansen MOVED and Boardmember Yates SECONDED a motion to approve the meeting minutes of the June 18,2015 Eagle Mountain Community Facilities District Board meeting. Ms.Bender advised that there were no citizens wishing to speak at this time. The motion CARRIED UNANIMOUSLY by those members present (7-0). AGENDA ITEM #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."" Chair Kavanagh opened thepublic hearing at6:29 PM. District Manager Miler addressed the Board stating that the District was formed by the Town Council in FY 1996 for the purpose of constructing infrastructure in the Eagle Mountain subdivision.The Town Council serves as the governing Board for the District.He noted that the annual expenditures for the District are for repayment of the bonds that were issued to pay for the subdivision infrastructure and that the annual cost is repaid through ad valorem taxes collected from the property owners within the District.He stated that the levy is estimated to be $1.3665/$100 of assessed valuation and he recommended approval. In response to the Chair,Ms.Bender advised that there were no citizens wishing to speak at this time.There were no comments or questions from the Board. Chair Kavanagh closedthepublic hearing at 6:30PM. z:\council packets\2016\rl60602\emcfd\160505emcfdm.docx Page1of3