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Home My WebLink AboutEMCFD.0602.RM.AgendaPacket NOTICE OF MEETING EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT Board Chairman Ginny Dickey Board Vice Chairman Mike Scharnow Board Member Dennis Brown Board Member Sherry Leckrone Board Member Alan Magazine Board Member David Spelich Board Member Art Tolis TIME: 5:25 P.M. – REGULAR MEETING WHEN:TUESDAY, JUNE 2, 2020 WHERE: FOUNTAIN HILLS COUNCIL CHAMBERS 16705 E. AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ REQUEST TO COMMENT The public is welcome to participate in meetings. TO SPEAK TO AN AGENDA ITEM , please complete a Request to Comment card, located in the back of the Council Chambers, and hand it to the District Clerk prior to discussion of that item, if possible. Include the agenda item on which you wish to comment. Speakers will be allowed three contiguous minutes to address the Board. Verbal comments should be directed through the Presiding Officer and not to individual Boardmembers. TO COMMENT ON AN AGENDA ITEM IN WRITING ONLY, please complete a Request to Comment card, indicating it is a written comment, and check the box on whether you are FOR or AGAINST and agenda item, and hand it to the District Clerk prior to discussion, if possible. MEETING AGENDA 1.CALL TO ORDER 2.ROLL CALL 3.CONSIDERATION OF approving the minutes of the May 5, 2020, meeting of the Eagle Mountain Community Facilities District Board. 4.PUBLIC HEARING AND CONSIDERATION RESOLUTION EMCFD 2020-02 , approving the Final Budget for the Eagle Mountain Community Facilities District for the fiscal year beginning July 1, 2020, and ending June 30, 2021. 5.ADJOURNMENT CERTIFICATE OF POSTING OF NOTICE CERTIFICATE OF POSTING OF NOTICE The undersigned hereby certifies that a copy of the foregoing notice was duly posted in accordance with the statement filed by the Eagle Mountain Community Facilities District with the Town Clerk. Dated this ______ day of ____________________, 2020. _____________________________________________ Elizabeth A. Burke, MMC, District Clerk The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5199 (voice) or 1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to participate in the meeting or to obtain agenda information in large print format. Supporting documentation and staff reports furnished the Board with this agenda are available for review in the Clerk's Office. ITEM 3. TOWN OF FOUNTAIN HILLS STAFF REPORT Meeting Date: 06/02/2020 Meeting Type: Eagle Mountain CFD Agenda Type: Submitting Department: Administration Prepared by: Elizabeth A. Burke, Town Clerk Staff Contact Information: Grady E. Miller, Town Manager Request to Eagle Mountain CFD (Agenda Language): CONSIDERATION OF approving the minutes of the May 5, 2020, meeting of the Eagle Mountain Community Facilities District Board. Staff Summary (Background) The intent of approving meeting minutes is to ensure an accurate account of the discussion and action that took place at the meeting for archival purposes. Approved minutes are placed on the Town's website and maintained as permanent records in compliance with state law. Related Ordinance, Policy or Guiding Principle N/A Risk Analysis N/A Recommendation(s) by Board(s) or Commission(s) N/A Staff Recommendation(s) Staff recommends approving the minutes of the meeting of May 5, 2020. SUGGESTED MOTION MOVE to approve the minutes of the meeting of May 5, 2020. Attachments Minutes Form Review Inbox Reviewed By Date Town Manager Grady E. Miller 05/21/2020 03:25 PM Form Started By: Elizabeth A. Burke Started On: 05/21/2020 08:14 AM Final Approval Date: 05/21/2020 EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT SPECIAL MEETING OF 5:25 P.M. FOUNTAIN HILLS TOWN HALL COUNCIL CHAMBERS 16705 EAST AVENUE OF THE FOUNTAINS FOUNTAIN HILLS, ARIZONA MINUTES 1.CALL TO ORDER Chairman Dickey opened the meeting of the Eagle Mountain Community Facilities District held May 5, 2020, at 5:31 p.m. 2.ROLL CALL Present: Chairman Ginny Dickey; Vice Chairman Mike Scharnow; Member Art Tolis; Member Dennis Brown; Member Alan Magazine; Member Sherry Leckrone; Member David Spelich Staff Present: District Manager Grady E. Miller; District Attorney Aaron D. Arnson; District Clerk Elizabeth A. Burke 3.CONSIDERATION OF approval of minutes from the Regular Meeting of June 18, 2019, of the Eagle Mountain Community Facilities District Board. MOVED BY Vice Chairman Mike Scharnow, SECONDED BY Member Sherry Leckrone to approve the minutes of the Regular Meeting of June 18, 2019, of the Eagle Mountain Community Facilities District Board. Vote: 7 - 0 - Unanimously 4.CONSIDERATION OF Resolution EMCFD 2020-01 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 budget. District Manager Miller gave a brief review of the Eagle Mountain Community Facilities District. MOVED BY Vice Chairman Mike Scharnow, SECONDED BY Member Sherry Leckrone to adopt EMCFD Resolution 2020-01. Vote: 7 - 0 - Unanimously 5.ADJOURNMENT MOVED BY Vice Chairman Mike Scharnow, SECONDED BY Member Sherry Leckrone to adjourn. Vote: 7 - 0 - Unanimously The meeting of the Eagle Mountain Community Facilities District held May 5, 2020, adjourned The meeting of the Eagle Mountain Community Facilities District held May 5, 2020, adjourned at 5:33 p.m. ____________________________ Ginny Dickey, District Chairman ATTEST AND PREPARED BY: ______________________________ Elizabeth A. Burke, District Clerk Meeting of May 5, 2020 Page 2 of 2 ITEM 4. TOWN OF FOUNTAIN HILLS STAFF REPORT Meeting Date: 06/02/2020 Meeting Type: Eagle Mountain CFD Agenda Type: Submitting Department: Administration Prepared by: David Pock, Finance Director Staff Contact Information: David Pock, Finance Director Request to Eagle Mountain CFD (Agenda Language): PUBLIC HEARING AND CONSIDERATION RESOLUTION EMCFD 2020-02, approving the Final Budget for the Eagle Mountain Community Facilities District for the fiscal year beginning July 1, 2020, and ending June 30, 2021. Staff Summary (Background) The Tentative Budget for the Eagle Mountain Community Facilities District was approved by the Board on May 5, 2020. Approval of this Resolution will adopt the Tentative Budget as the Final Budget of the District for the fiscal year beginning July 1, 2020, and ending June 30, 2021. Related Ordinance, Policy or Guiding Principle A.R.S. § 48-715 and § 48-716 Risk Analysis If the Resolution is not approved, the debt service payments for the Eagle Mountain Community Facilities District will not be recovered for the fiscal year. Recommendation(s) by Board(s) or Commission(s) N/A Staff Recommendation(s) Approval of Resolution EMCFD 2020-02 SUGGESTED MOTION HOLD Public Hearing; and MOVE to adopt Resolution EMCFD 2020-02 Fiscal Impact Fiscal Impact:$407,240 Budget Reference: Funding Source:EMCFD If Multiple Funds utilized, list here: Budgeted: if No, attach Budget Adjustment Form:Yes Attachments RESEMCFD2020.02 FY21 Final Budget Form Review Inbox Reviewed By Date Finance Director (Originator)David Pock 05/07/2020 04:29 PM Town Attorney Aaron D. Arnson 05/08/2020 01:18 PM Town Manager Grady E. Miller 05/19/2020 04:34 PM Form Started By: David Pock Started On: 05/07/2020 03:03 PM Final Approval Date: 05/19/2020 RESOLUTION EMCFD 2020-02 A RESOLUTION OF THE BOARD OF THE EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT, MARICOPA COUNTY, ARIZONA, APPROVING THE FINAL BUDGET OF THE DISTRICT FOR THE FI SCAL YEAR BEGINNING JULY 1, 2020, AND ENDING JUNE 30, 2021 RECITALS: WHEREAS, pursuant to ARIZ. R EV. S TAT. §§ 48-715 and 48-716, on May 5 , 2020, the Board of Directors of the Eagle Mountain Community Facilities District (the “Board”) approved Resolution EMCFD 2020-01 , which (i) adopted statements and schedules attached as Exhibit A and incorporated herein by this reference as the tentative budget for the Eagle Mountain Community Facilities District, Maricopa County, Arizona, (the “District”) for the fiscal year 20 20-21 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 (b) published in a manner prescribed by law, a notice that the Board would meet on June 2 , 2020, 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 publication in the Fountain Hills Times on May 13, 2020, and May 20, 2020; and WHEREAS, in accordance with ARIZ. REV. STAT. § 48-716 and following published notice, a public hearing was conducted on June 2, 2020, at which hearing any taxpayer was permitted to appear and be heard regarding the 2020-21 annual budget for the District. ENACTMENTS: 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 h erein. 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 pro cess for the District budget have been properly remedied. 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 2020-21. The statements and estimates of the operation and maintenance expenses of the District, which are to be paid from ad valorem taxes collected in 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. RESOLUTION EMCFD 2020-02 PAGE 2 2 PASSED AND ADOPTED by the Board of Directors of the Eagle Mountain Community Facilities District, Maricopa County, Arizona, June 2, 2020. Ginny Dickey, District Chairperson AT T EST: Elizabeth A. Burke, District Clerk APPROVED AS TO FO RM: Aaron D. Arnson, Pierce Coleman PLLC District Counsel RESOLUTION EMCFD 2020-02 PAGE 3 EXHIBIT A TO RESOLUTION EMCFD 2020-02 [Final Budget] EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT FINAL BUDGET FISCAL YEAR 2020-2021 For the Fiscal Year Ended Revenues June 30, 2021 Tax Levy at $1.2189 per $100 Limited Property Value Assessed Valuation $390,759 Interest Income 240 TOTAL $390,999 Expenses Annual Debt Service Payment on Refunded Bonds $407,040 Administrative Costs 200 TOTAL $407,240