HomeMy WebLinkAboutRes CMD2022-01 RESOLUTION CMD 2022-01
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,
2022, AND ENDING JUNE 30, 2023, 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 2022-23. 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 2022-23 Annual
Budget for the District; said hearing to be conducted on June 7, 2022, 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 21, 2022, at the same time and place.
PASSED AND ADOPTED by the Board of Directors of the Cottonwoods Maintenance
District on May 3, 2022.
ikAL-
1 l
ick Ginny ey, district Chairperson
ATTEST:
El zabeth . lein, District Clerk
APPRO D AS TO FORM:
Aaron D. Arnson, Pierce Coleman PLLC
District Counsel
EXHIBIT A
TO
RESOLUTION CMD 2022-01
[Notice/Tentative Budget]
See following page.
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 7, 2022, 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 2022-2023 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 2022-2023 District budget may be viewed prior to the
June 7, 2022, 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 2022-2023
For the Fiscal Year Ended
Revenues June 30, 2023
Tax Levy at$149.46 per property owner $ 8,669
TOTAL $ 8,669
Expenses
Annual Landscape Maintenance Cost $ 6,300
Annual Reserve for Exterior Wall Maintenance 1,280
Reserve Fund -
Postage 50
Advertising 250
Due to General Fund for FY22 landscape increase 460
Administrative Fee (10%) 788
Contingency(from Reserve if needed) 5,000
TOTAL $ 14,129