HomeMy WebLinkAbout1706015EMCFDPNOTICE OF SPECIAL SESSION OF THE
EAGLE MOUNTAIN COMMUNITY
FACILITIES DISTRICT BOARD
WHEN: THURSDAY, JUNE 15, 2017
TIME: 6:25 P.M.
WHERE: TOWN OF FOUNTAIN HILLS - COUNCIL CHAMBERS
16705 EAST AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ
Pursuant to A.R.S. §38-431.02, notice is hereby given to the Directors of the District Board of the Eagle Mountain Community
Facilities District and to the general public that the District Board of the Eagle Mountain Community Facilities District will hold a
special session open to the public, which will begin immediately prlllr to the June 15, 2017, Cottonwoods Maintenance District Board
Meering and Fountain Hills Town Council meeting.
Members of the Eagle Mountain Community Facilities District Board will attend either in person or by telephone conference call; a
quorum of the Town's various Commissions or Boards may be in attendance at the Board meeting.
"Notice is hereby given that pursuant to A.R.S. §1-602.A.9, subject to certain specified statutory exceptions, parents have a right to
consent before the State or any of its political subdivisions make a video or audio recording of a minor child. Meetings of the District
Board are audio and/or video recorded, and, as a result, proceedings in which children are present may be subject to such recording.
Parents in order to exercise their rights may either file written consent with the District Clerk to such recording, or take personal action
to ensure that their child or children are not present when a recording may be made. If a child is present at the time a recording is made,
the District Board will assume that the rights afforded parents pursuant to A.R.S. § 1-602.A.9 have been waived."
AGENDA
CALL TO ORDER AND ROLL CALL. — District Board Chair Linda M. Kavanagh
CALL TO THE PUBLIC.
Pursuant to A.R.S. §38-431.01(H), public comment is permitted (not required) on matters not listed on the agenda. Any such
comment (i) must be within the jurisdiction of the Directors is subject to reasonable time, place and manner restrictions. The
Directors will not discuss or take legal action on matters raised during "Call to the Public" unless the matters are properly
noticed for discussion and legal action. At the conclusion of the "Call to the Public", individual Directors may (i) respond to
criticism, (ii) ask staff to review a matter or (iii) ask that the matter be placed on a future agenda.
CONSIDERATION of approving the Eagle Mountain Community Facilities District Board
MEETING MINUTES of June 1, 2017.
2. CONSIDERATION of RESOLUTION EMCFD 2017-03, 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 on July 1, 2017, and ending on June 30, 2018.
3. ADJOURNMENT.
DATED this 8t' day of June, 2017.
Bevelyn J. ender, District Clerk
The Eagle Mountain Community Facilities District, in cooperation with the Town of Fountain Hills endeavors to make all public meetings accessible to
persons with disabilities. Please call 480-816-5100 voice or 1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable
accommodation to participate in this meeting. Supporting documentation and staff reports furnished with this agenda are available for review in the
Clerk's office and on the Town's website [www.fh.az.gov].
z:\council packets\2017\r170615\emcfd\l 706015emcfda.doc Last printed 6/7/2017 11:40 AM
NOTICE OF SPECIAL SESSION OF THE
EAGLE MOUNTAIN COMMUNITY
FACILITIES DISTRICT BOARD
WHEN: THURSDAY, JUNE 15, 2017
TIME: 6:25 P.M.
WHERE: TOWN OF FOUNTAIN HILLS - COUNCIL CHAMBERS
16705 EAST AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ
Pursuant to A.R.S. §38-431.02, notice is hereby given to the Directors of the District Board of the Eagle Mountain Community
Facilities District and to the general public that the District Board of the Eagle Mountain Community Facilities District will hold a
special session open to the public, which will begin immediately pliff to the June 15, 2017, Cottonwoods Maintenance District Board
Meering and Fountain Hills Town Council meeting.
Members of the Eagle Mountain Community Facilities District Board will attend either in person or by telephone conference call; a
quorum of the Town's various Commissions or Boards may be in attendance at the Board meeting.
"Notice is hereby given that pursuant to A.R.S. §1-602.A.9, subject to certain specified statutory exceptions, parents have a right to
consent before the State or any of its political subdivisions make a video or audio recording of a minor child. Meetings of the District
Board are audio and/or video recorded, and, as a result, proceedings in which children are present may be subject to such recording.
Parents in order to exercise their rights may either file written consent with the District Clerk to such recording, or take personal action
to ensure that their child or children are not present when a recording may be made. If a child is present at the time a recording is made,
the District Board will assume that the rights afforded parents pursuant to A.R.S. § 1-602.A.9 have been waived."
AGENDA
CALL TO ORDER AND ROLL CALL. — District Board Chair Linda M. Kavanagh
CALL TO THE PUBLIC.
Pursuant to A.R.S. §38-431.01(H), public comment is permitted (not required) on matters not listed on the agenda. Any such
comment (i) must be within the jurisdiction of the Directors is subject to reasonable time, place and manner restrictions. The
Directors will not discuss or take legal action on matters raised during "Call to the Public" unless the matters are properly
noticed for discussion and legal action. At the conclusion of the "Call to the Public", individual Directors may (i) respond to
criticism, (ii) ask staff to review a matter or (iii) ask that the matter be placed on a future agenda.
CONSIDERATION of approving the Eagle Mountain Community Facilities District Board
MEETING MINUTES of June 1, 2017.
2. CONSIDERATION of RESOLUTION EMCFD 2017-03, 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 on July 1, 2017, and ending on June 30, 2018.
3. ADJOURNMENT.
DATED this 8t' day of June, 2017.
Bevelyn J. ender, District Clerk
The Eagle Mountain Community Facilities District, in cooperation with the Town of Fountain Hills endeavors to make all public meetings accessible to
persons with disabilities. Please call 480-816-5100 voice or 1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable
accommodation to participate in this meeting. Supporting documentation and staff reports furnished with this agenda are available for review in the
Clerk's office and on the Town's website [www.fh.az.gov].
z:\council packets\2017\rl70615\emcfd\1706015emcfda.doc Last printed 6/7/2017 11:40 AM
Meeting Date: 6/15/2017
Agenda Type: Regular
Eagle Mountain Community Facilities District
(EMCFD)
AGENDA ACTION FORM
Meeting Type: Special Session
Submitting Department:
Administration
Staff Contact Information: Bevelyn J Bender, 480-816-5115, bbender@fh.az.gov
Strategic Priority: Not applicable
Council Goal: Not applicable
REQUEST TO COUNCIL: CONSIDERATION of approving the Eagle Mountain Community Facilities
District Board meeting MINUTES from June 1, 2017.
Applicant: NA
Applicant Contact Information: NA
Property Location: NA
Related Ordinance, Policy or Guiding Principle: A.R.S. §38-431.01
Staff Summary (background): The intent of approving previous meeting minutes is to ensure an accurate account
of the discussion and action that took place at that meeting for archival purposes. Approved minutes are placed on
the Town's website in compliance with state law.
Risk Analysis (options or alternatives with implications): NA
Fiscal Impact (initial and ongoing costs; budget status): NA
Budget Reference (page number: NA
Recommendation(s) by Board(s) or Commission(s): NA
Staff Recommendation(s): Approve
Attachment(s): None
SUGGESTED MOTION: Move to approve the June 1, 2017 meeting minutes.
Submitted and Approved by:
Bevelyn J. Bender, District Clerk 6/6/2017
Approved:
Grady E. Mill , Distr t Manager 6/6/2017
zAcouncil packets\2017\rl70615\emcfd\aaf emcfd minutes.docx Page 1 of 1
Meeting Date: 6/15/2017
Agenda Type: Regular
TOWN OF FOUNTAIN HILLS
Eagle Mountain Community Facilities District
AGENDA ACTION FORM
Meeting Type: Special Session
Submitting Department: Administration
Staff Contact Information: Craig Rudolphy, District Finance Director, 480-816-5162, crudolphy@fh.az.gov
REQUEST TO DISTRICT BOARD (Agenda Language): CONSIDERATION of RESOLUTION EMCFD 2017-03 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 primcpal and interest upon bonded indebtedness; all for the fiscal
year beginning July 1, 2017, and ending June 30, 2018.
Applicant:
Applicant Contact Information:
Property Location:
Related Ordinance, Policy or Guiding Principle:
Staff Summary (background): The Eagle Mountain Community Facilities District (CFD) issued bonds in 1996 to
repay the costs associated with infrastructure improvements. The bonds are repaid annually from ad valorem
taxes collected from the residents of the community. The 2018 assessed value for Eagle Mountain CFD is
estimated to be $28,954,057. The FY2017-18 debt service payment is $407,456. The amount required to be
assessed will be reduced by $34,710 for monies previously collected (primarily as a delinquency factor) and the
reduced amount of $372,746 will be submitted to Maricopoa County to calculate the rate. Therefore, a tax levy
of approximately $1.2874 per $100 of assessed valuation (compared to $1.3680 last year) will provide sufficient
revenue for the annual debt payment and administrative costs. The bonds will be retired in FY 2020-21.
Risk Analysis (options or alternatives with implications):
Fiscal Impact (initial and ongoing costs; budget status): $407,456
Budget Reference (page number): pp 329, 334
Funding Source: NA
If Multiple Funds utilized, list here:
Budgeted; if No, attach Budget Adjustment Form: Y ® N ❑
Staff Recommendation(s): Approve
List Attachment(s): Resolution EMCFD 2017-03
Page 1 of 2
SUGGESTED MOTION (tor District Board use): Move to approve Resolution EMCFD 2017-03.
Prepared by:
NA Click here to
enter a date.
Director's ApprovKat�jw
Craig Rudolp y, District Finance Direct r 6/6/2017
Ap oved:
Grady E. Miller, Di C5
ager 6/6/2017
Page 2 of 2
RESOLUTION EMCFD 2017-03
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, 2017,
AND ENDING ON JUNE 30, 2018.
WHEREAS, in accordance with Ariz. REv. STAT. § 48-716 and following published
notice, public hearings were conducted on May 4, 2017, and June 1, 2017, at which hearings any
taxpayer was permitted to appear and be heard regarding the 2017-18 annual budget for the
Eagle Mountain Community Facilities District, Maricopa County, Arizona (the "District");
thereafter, the District Board adopted Resolution EMCFD 2017-02, 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 2017-18 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 $1.2874, or such other
rate as determined by the Maricopa County Treasurer, to be sufficient to raise the aggregate
amount of $372,866, for the purpose of paying principal and interest on bonded indebtedness for
the District for the fiscal year ending June 30, 2018.
SECTION 3. Failure by the officials of Maricopa County, Arizona, to properly return the
delinquent list, any irregularity in the 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
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
pursuant thereto, 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 overcharge as 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.
2985300.1
SECTION 4. All resolutions and parts of resolutions in conflict with this Resolution are
hereby repealed.
SECTION 5. The District Clerk is hereby authorized and directed to transmit a certified
copy of this Resolution to the Maricopa County Board of Supervisors and to the Arizona
Department of Revenue.
SECTION 6. If any provision of this Resolution is for any reason held by any court of
competent jurisdiction to be unenforceable, such provision of portion hereof shall be deemed
separate, distinct, and independent of all other provisions and such holding shall not affect the
validity of the remaining portions of this Resolution.
SECTION 7. The District Chairperson, the District Clerk, and the District Counsel are
hereby authorized and directed to take all steps necessary to carry out the purpose and intent of
this Resolution.
PASSED AND ADOPTED by the Board of Directors of the Eagle Mountain
Community Facilities District, Maricopa County, Arizona, June 15, 2017.
Linda M. Kavanagh, District Chairperson
ATTEST:
Bevelyn J. Bender, District Clerk
APPROVED AS TO FORM:
Andrew J. McGuire, District Counsel
2985300.1
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