HomeMy WebLinkAboutRes 2016-08RESOLUTION 2016-08
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF
FOUNTAIN HILLS,ARIZONA,LEVYING UPON THE ASSESSED
VALUATION OF THE PROPERTY WITHIN THE TOWN OF FOUNTAIN
HILLS SUBJECT TO AD VALOREM TAXATION,A CERTAIN SUM UPON
EACH ONE HUNDRED DOLLARS ($100.00)OF VALUATION SUFFICIENT
TO RAISE THE AMOUNT ESTIMATED TO BE REQUIRED IN THE
ANNUAL BUDGET,SPECIFICALLY FOR THE PURPOSE OF PAYING
PRINCIPAL AND INTEREST UPON BONDED INDEBTEDNESS;ALL FOR
THE FISCAL YEAR BEGINNING JULY 1,2016 AND ENDING JUNE 30,
2017.
WHEREAS,the Mayor and Town Council of the Town of Fountain Hills (the "Town
Council")is required by Ariz. Rev.Stat §§42-17151 and 42-17253 to adoptan annual tax levy
baseduponthe rateto be assessed per eachonehundreddollars ($100.00)of valuation of realand
personal property within the corporate limits oftheTownof Fountain Hills(the "Town");and
WHEREAS,by the provisionsof State Law, a resolution levying the propertytaxes for
fiscal year 2016-17 is required to be finally adopted on or beforethe third Monday in August and
not lessthan 14 days after a hearing on the tax levy is held; and
WHEREAS,the Town Council held a public hearing on the tax levy and adopted the
Town's annual budget by Resolution 2016-07 on June 2, 2016, at least 14 days prior to the
adoption of this Resolution 2016-08;and
WHEREAS,MaricopaCountyis assessingand collectingauthorityforthe Town.
NOW,THEREFORE,BE IT RESOLVED BY THE MAYOR AND COUNCIL OF
THE TOWN OF FOUNTAIN HILLS,as follows:
SECTION 1. The foregoing recitalsare incorporated asif fullysetforth herein.
SECTION 2. There is hereby levied on each one hundred dollars ($100.00)of assessed
valuation of all property,both real and personal,within the corporate limits of the Town of
Fountain Hills,except such property asmaybebylaw exempt from taxation,a secondary property
tax rate of $0.4472,or such other rate as determined by the Maricopa County Treasurer to be
sufficient to raise the sum of $1,894,584, for the purpose of paying principal and interest on
bonded indebtedness for the fiscal year ending June 30,2017.
SECTION 3.Failure by the officials of Maricopa County,Arizona,to properly return the
delinquent list,any irregularity in assessments or omissions in the same,or any irregularity in any
proceedings shall not invalidate such proceedings or invalidate any title conveyed by any tax deed;
failure or neglect of any officer or officers to timely perform any ofthe duties assigned to him orto
them shall not invalidate any proceedings or any deed or sale pursuant thereto,the validity ofthe
assessment or levy of taxes orofthe judgment or sale by which the collection ofthe same may be
2693395.2