HomeMy WebLinkAboutCMD 2018-02RESOLUTION CMD 2018-02
A RESOLUTION OF THE BOARD OF THE COTTONWOODS
MAINTENANCE DISTRICT, MARICOPA COUNTY, ARIZONA,
APPROVING THE FINAL BUDGET OF THE DISTRICT FOR THE FISCAL
YEAR BEGINNING JULY 1, 2018, AND ENDING JUNE 30, 2019.
WHEREAS, the provisions of ARIZ. REV. STAT. §§ 48-574 and 48-575 allow for the
assessment of maintenance charges upon the lots and parcels within an improvement district
and for such assessments to be collected in the manner and by the officers provided by law
for the collection and enforcement of general taxes; and
WHEREAS, pursuant to ARIZ. REV. STAT. §§ 48-574(E) and 48-575(E), on
May 1, 2018, the Board of Directors of the Cottonwoods Maintenance District (the "Board")
approved Resolution CMD 2018-01, which (i) adopted the statements and schedules attached
as Exhibit A and incorporated herein by this reference as the tentative budget for the
Cottonwoods Maintenance District, Maricopa County, Arizona, (the "District") for the fiscal
year 2018-19 and (ii) authorized and directed the District Clerk to cause to be (a) mailed to
the governing body of the Town of Fountain Hills and all persons owning real property within
the District and (b) published in a manner prescribed by law, a notice that the Board would
meet on June 5, 2018, for the purpose of conducting a final hearing for District taxpayers on
the statements and estimates of the District expenditures filed with the District Clerk; and
WHEREAS, proper notice was given by (i) publication in the Fountain Hills Times
on May 9, 2018, and May 16, 2018, and (ii) first class mail to all persons owning real
property in the District on May 2, 2018; and
WHEREAS, on June 5, 2018, the Board held a public hearing to allow taxpayers of
the District to voice their comments in favor of or against any proposed expenditures and
assessments; and
WHEREAS, any person owning real property affected by the assessment who had
any objection to the legality of the assessment or to any of the previous proceedings
connected therewith was given the opportunity to appear before the Board at the hearing to
present any further objections.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF
THE COTTONWOODS MAINTENANCE DISTRICT, as follows:
SECTION 1. The recitals above are hereby incorporated as if fully set forth herein.
SECTION 2. The Board has heard all objections and has determined that (i) such
objections do not provide a basis for a modification of the statements and schedules attached
hereto as Exhibit A and (ii) any informalities or irregularities which may have occurred in the
adoption process for the District budget have been properly remedied.
PHOENIX 77018-1 4662580
SECTION 3. The statements and schedules attached hereto as Exhibit A and
incorporated herein by this reference, are hereby approved for the purpose as hereinafter set
forth as the final budget for 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 are hereby filed with the District
Clerk.
SECTION 4. 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 Cottonwoods Maintenance
District, Maricopa County, Arizona, June 5, 2018.
in, da M. KInagh Dis ict Chairperson
ATTEST:
Bevelyn J.IV
nde District Clerk
APPROVED AS TO FORM:
Mites nterim District Counsel
Di i on W ' t PLLC
PHOENIX 77018-1 4662580
EXHIBIT A
TO
RESOLUTION CMD 2018-02
[Final Budget]
See following page.
PHOENIX 77018-1 466258v1
COTTONWOODS MAINTENANCE DISTRICT
FINAL BUDGET
FISCAL YEAR 2018-19
R PuPn» Pc
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 77018-14662580
For the Year Ended
June 30, 2019
$6,642
$4,851
991
500
50
Asn
$6f,642