HomeMy WebLinkAboutRes CMD2020-01 RESOLUTION CMD 2020-01
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,
2020, AND ENDING JUNE 30, 2021, 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 2020-21. 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 2020-21 Annual
Budget for the District; said hearing to be conducted on June 2, 2020, 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 16, 2020, at the same time and place.
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance District on
May 5, 2020.
Ciit4/01%.
Ginn Dickey, District Chairpe on
ATTEST:
Elizabeth . urke, District erk
APPRQY D AS TO FORM:
. Ar n, Pierce Coleman PLLC
District Counsel
RESOLUTION CMD 2020-01 PAGE 2
EXHIBIT A
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 2, 2020, 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 2020-2021 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 2020-2021 District budget may be viewed prior to the
June 2, 2020, 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. La Montana Drive, Fountain Hills, Arizona
85268.
COTTONWOODS MAINTENANCE DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2020-2021
For the Fiscal Year
Ended
Revenues June 30, 2021
Tax Levy at $114.52 per Property Owner $6,642
TOTAL $6,642
Expenses
Annual Landscape Maintenance Cost $4,851
Annual Reserve for Exterior Wall Maintenance 991
Reserve Fund 500
Postage 50
Advertising 250
TOTAL $6,642