HomeMy WebLinkAboutCMD 2017-01RESOLUTION CMD 2017-01
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, 2017, AND ENDING JUNE 30, 2018,
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 2017-18. 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 2017-18 Annual Budget for the District; said hearing to be conducted on June 1, 2017, 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 15, 2017, at the
same time and place.
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance
District on May 4, 2017.
44
Linda M. Kav gh, District Chairperson
ATTEST:
0
APPILQVED AS TO FORM:
(ALi��=
Andrew J. McGuire, District Counsel
2955387.1
EXHIBIT A
TO
RESOLUTION CMD 2017-01
[Notice/Tentative Budget]
See following page.
2955387.1
NOTICE
COTTONWOODS PROPERTY OWNERS
The taxpayers of the Cottonwoods Maintenance District (the "District") are hereby notified that
the Board of Directors will hold a public meeting on June 1, 2017, at 6:25 p.m. at the District
offices located at 16705 E. Avenue of the Fountains, Fountain Hills, Arizona (the Council
Chambers at Fountain Hills Town Hall), when and where any taxpayers of the District will be
heard in favor of, or against, any of the proposed expenditures for the Cottonwoods Maintenance
District, after which the foregoing estimates as modified or as now existing, will be assessed by
the Board of Directors as the basis for the 2017-18 budget. Taxpayers may file written objections
at any time prior to the hearing, and the Board of Directors shall hear and pass upon any
objections at the hearing.
Copies of the tentative 2017-18 District budget may be viewed prior to the June 1, 2017, meeting
at the District Clerk's office, 16705 E. Avenue of the Fountains, Fountain Hills, Arizona 85268,
the Town of Fountain Hills website, www.fh.az.gov, and the Fountain Hills branch of the
Maricopa County Library, 12901 N. LaMontana Drive, Fountain Hills, Arizona 85268.
COTTONWOODS MAINTENANCE DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2017-18
R evens i e.q
Tax Levy at $94.04 per Property Owner
TOTAL
Expenses
Annual Landscape Maintenance Cost
Annual Reserve for Exterior Wall Maintenance
Reserve Fund
Postage
Advertising
TOTAL
2955387.1
For the Year Ended
June 30, 2018
$5,454
$3,881
1,073
250
50
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