HomeMy WebLinkAboutCMD 2018-01RESOLUTION CMD 201.8-01
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, 2018, AND ENDING JUNE 30, 2019,
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 2018-19. 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 2018-19 Annual
Budget for the District; said hearing to be conducted on June 5, 2018, at 5:25 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 19, 2018, at the same time and place.
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance
District on May 1, 2018.
4:���6tn,A
L nda M. Ka agh, Dis ' t Chairperson
ATTEST:
APPROVED • u -
Mit elDickinson Wright PLLC
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ct Counsel
PHOENIX 77018-1 453159v2
EXERBIT A
TO
RESOLUTION CMD 2018-01
[Notice/Tentative Budget]
'See following. page.
PHOENIX 77018-1 453159
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 5, 2018, at 5:25p .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 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 2018-19 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 2018-19 District budget may be viewed prior to the June 5, 2018 meeting
at the District Clerk's office, 16705 E. Avenue of the Fountains, Fountain Hills, Arizona 85268,
the Town of Fountain Hills website, www.fli.az.gov, and the Fountain Hills branch of the Maricopa
County Library, 12901 N. LaMontana Drive, Fountain Hills, Axizona 85268.
COTTONWOODS MAINTENANCE DISTRICT
PROPOSED BUDGET
FISCAL YEAR 201819
Revenues
Tax Levy at $114.52 per Property owner
TOTAL
Expenses
Annual Landscape Maintenance Cost
Annual Reserve for Exterior 'Wall Maintenance
Reserve Fund
Postage
Advertising
TOTAL
PHOENIX 77418-1 453159v2
For the Year Ended
June 30, 2019
$6,642
$4,851
991
500
50
250