HomeMy WebLinkAboutEMCFD Res 2021-02RESOLUTION EMCFD2021-02
A RESOLUTION OF THE BOARD OF THE EAGLE MOUNTAIN COMMUNITY
FACILITIES DISTRICT, MARICOPA COUNTY, ARIZONA, APPROVING THE
FINAL BUDGET OF THE DISTRICT FOR THE FISCAL YEAR BEGINNING
JULY 1, 2021, AND ENDING JUNE 30, 2022
RECITALS:
WHEREAS, pursuant to ARIZ. REV. STAT. §§ 48-715 and 48-716, on May 4, 2021, the Board of
Directors of the Eagle Mountain Community Facilities District (the "Board") approved
Resolution EMCFD 2021-02, 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
2021-22 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 1 , 2021, 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 12, 2021, and May 19, 2021; and
WHEREAS, in accordancewith ARiz. REV. STAT. § 48-716 and following published notice, a public
hearing was conducted on June 1, 2021, at which hearing any taxpayer was permitted to appear
and be heard regarding the 2021-22 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 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.
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 2021-22. The statements and estimates of the
operation and maintenance expenses 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.
RESOLUTION EMCFD 2021-02
PAGE 2
PASSED AND ADOPTED by the Board of Directors of the Eagle Mountain Community Facilities
District, Maricopa County, Arizona, June 1, 2021.
ATTEST:
Elizabeth lein, District Clerk
APPR D AS TO FORM:
Aaron D. Arnson, Pierce Coleman PLLC
District Counsel
2
Ginny 8
ickey, bistrict Chai erson
RESOLUTION EMCFD 2021-02
PAGE 3
EXHIBIT A
TO
RESOLUTION EMCFD 2021-02
[Final Budget]
EAGLE MOUNTAIN COMMUNITY FACILITIES DISTRICT
PROPOSED BUDGET
FISCAL YEAR 2021-2022
Revenues
Tax Levy at $0.00 per $100
Assessed Valuation
Interest Income
TOTAL
Expenses
Limited Property Value
Annual Debt Service Payment on Refunded Bonds
Administrative Costs
For the Fiscal Year Ended
June 30, 2021
$ 0
240
240
$ 0
1,000
TOTAL 1 000