HomeMy WebLinkAboutEMCFD 2016-03RESOLUTION EMCFD 2016-03
A RESOLUTION OF THE BOARD OF THE EAGLE MOUNTAIN
COMMUNITY FACILITIES DISTRICT,MARICOPA COUNTY,ARIZONA,
LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY
WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A
CERTAIN SUM UPON EACH ONE HUNDRED DOLLARS ($100.00)OF
VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE
REQUIRED IN THE ANNUAL BUDGET,SPECIFICALLY FOR THE
PURPOSE OF PAYING PRINCIPAL AND INTEREST UPON BONDED
INDEBTEDNESS;ALL FOR FISCAL YEAR BEGINNING JULY 1,2016 AND
ENDING ON JUNE 30,2017.
WHEREAS,in accordance with Ariz.Rev.Stat.§48-716 and following published
notice,public hearings were conducted on May 5,2016 and June 2,2016,at which hearings any
taxpayer was permitted to appear and be heard regarding the 2016-17 annual budget for the
Eagle Mountain Community Facilities District,Maricopa County,Arizona (the "District");
thereafter,the District Board adopted Resolution EMCFD 2016-02,approving the annual District
budget;and
WHEREAS,in accordance with Ariz.Rev.Stat.§48-723,the District Board desires to
levy such amounts as necessary for the 2016-17 annual District budget.
NOW,THEREFORE,BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT,as follows:
SECTION 1.The recitals above are hereby incorporated as if fully set forth herein.
SECTION 2. There is hereby levied on each one hundred dollars ($100.00)of the
assessed value of all taxable property,both real and personal,within the corporate limits of the
District and not exempt from taxation, an ad valorem property tax rate of $1.3665, or such other
rate as determined by the Maricopa County Treasurer, to be sufficient to raise the aggregate
amount of $378,392, for the purpose of paying principal and interest on bonded indebtedness for
the District for the fiscal year ending June 30,2017.
SECTION 3.Failure by the officials of Maricopa County, Arizona, to properly return the
delinquentlist, any irregularity in the assessmentsor omissionsin the same,or any irregularityin
anyproceedingsshall not invalidate such proceedings or invalidateany title conveyedby any tax
or foreclosure deed; failure or neglect of any officer or officers to timely perform any of the
duties assigned to him or to them, shall not invalidate any proceedings or any deed or sale
pursuantthereto, the validity of the assessment and levy of taxes or of the judgment or sale by
which the collection of the same may be enforced or in any manner affect the lien of the District
upon such property for the delinquent taxes unpaid thereon, and no overchargeas to part of the
taxes or of costs shall invalidate any proceedings for collecting of taxes or the foreclosure, and
all acts of officers de facto shall be valid as if performed by officers de jure.
2693452.1