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HomeMy WebLinkAboutCMD2019.01.Resolution RESOLUTION CMD 2019-01 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, 2019, AND ENDING JUNE 30, 2020, 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 2019-20. 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 2019-20 Annual Budget for the District; said hearing to be conducted on June 4, 2019, 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 18, 2019, at the same time and place. PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance District on May 7, 2019. Ginny Dickey, District Chairperson ATTEST: Elizabeth rke, District C erk APPR ED AS TO FORM: aron D. Arnson, Pierce Coleman PLLC District Counsel 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 4, 2019, at 5:25 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 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 fiscal year 2019-2020 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 fiscal year 2019-2020 District budget may be viewed prior to the June 4, 2019, 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 2019-2020 For the Fiscal Year Ended Revenues June 30, 2020 Tax Levy at $114.52 per Property Owner $6,642 TOTAL S6,642 Expenses Annual Landscape Maintenance Cost $4,851 Annual Reserve for Exterior Wall Maintenance 991 Reserve Fund 500 Postage 50 Advertising 250 TOTAL S6,642