Return
MINUTES OF THE MEETING OF THE
POST RANCH COMMUNITY FACILITIES DISTRICT BOARD
OF THE CITY OF CASA GRANDE
HELD IN THE COUNCIL CHAMBERS
510 E. FLORENCE BOULEVARD
MONDAY, JUNE 20, 2016
 
             
A.   Call to Order

Chairman Jackson called the meeting to order at 6:40 p.m.
 
             
B.   Roll Call

The following members were present:
 
Present:
Member Ralph Varela  
 
Member Lisa Fitzgibbons  
 
Member Matthew Herman  
 
Member Mary Kortsen  
 
Member Dick Powell  
 
Vice Chairman Karl Montoya  
 
Chairman Robert Jackson  
Also Present:
Larry Rains, Deputy District Manager
Remilie S. Miller, District Clerk
Brett Wallace, District Counsel
Celina Morris, Treasurer
William Schwind, Community Services Director
Mark McCrory, Police Chief
Paul Tice, Planning & Development Director
Scott Miller, Fire Chief
Dawn Jett, Human Resources Director
Kevin Louis, Public Works Director
             
C.   Minutes:

Member Powell moved to approve the minutes listed below. Vice Chairman Montoya seconded the motion and was carried with a 7-0 voice vote.
 
             
  C.1    Post Ranch CFD - June 6, 2016  
             
D.   Consent Agenda:

None
 
             
E.   Unfinished Business:

None
 
             
F.   New Business:  
             
  F.1   
Public Hearing on the Fiscal Year 2016-2017 Annual Budget and
Property Tax Levy for Post Ranch Community Facilities District

 
District Treasurer Morris recommended that the Board hold a public hearing on both the FY2017 Budget and proposed Tax Levy, and adopt a resolution establishing the FY2017 Final Budget for the Post Ranch Community Facilities District.
 
The Post Ranch Community Facilities District Budget is specifically designed to pay existing debt service, expenditures of the district and to program reserves. Included as part of this budget, is a continuation of the existing $0.30 property tax rate. As no debt has been issued, this tax includes an operational component ($0.30) and no General Obligation Bond component ($0.00). The operational tax rate does not generate sufficient funds to cover the operational costs of the District. All shortfalls are reimbursed by the developer.
 
The forms represent all of the information that has been presented to the Board and will be the adopted budget and expenditure limitation for FY2017. The required notice has been published in the local paper as specified and the Board is being asked to adopt them as Final. No changes have been made from the adopted tentative budget. A separate action will be considered tonight to establish the tax rate.

Adoption of the Budget establishes the spending plan for the following fiscal year. No expenditure of funds may take place that is not in conformance with the adopted budget.

Chairman Jackson declared a public hearing to allow comments on this matter.  There being no comments, Chairman Jackson declared the public hearing closed. 
 
Resolution No. 32
Adopting the Budget for the Fiscal Year 2016-2017
for Post Ranch Community Facilities District


District Clerk Miller read by title only Resolution No. 32, Adopting the Budget for the Fiscal Year 2016-2017.
 
  Chairman Fitzgibbons moved for passage Resolution No. 32.  Member Herman seconded the motion and the following roll call vote was recorded:
 
AYE: Member Ralph Varela
  Member Lisa Fitzgibbons
  Member Matthew Herman
  Member Mary Kortsen
  Member Dick Powell
  Vice Chairman Karl Montoya
  Chairman Robert Jackson
  Chairman Jackson then declared Resolution No. 32 passed and adopted.
             
  F.2   
Resolution No. 33
Adopting the Fiscal Year 2016-2017
Property Tax levy and Establishing a Primary Tax Rate
for the Post Ranch Community Facilities District


District Treasurer Morris recommended that the Board adopt resolution establishing the FY2017 property tax rate at $0.30 per $100 of assessed valuation for the Post Ranch Community Facilities District.

District Treasurer Morris reported that the Post Ranch Community Facilities District Budget is specifically designed to pay existing debt service, expenditures of the district and to program reserves. All expenditures of the district are intended to be paid by the property tax. This action is a continuation of the existing $0.30 property tax rate. The tax rate includes an operational component ($0.30) and a General Obligation Bond component ($0.00). It is the intent of this action to adopt the rate and collect the corresponding estimated tax levy. Adoption of the resolution directs Pinal County to collect the $0.30 rate and adjust the estimated levy as appropriate.

A public hearing has been held and all the required notice has been published in the local paper as specified and the Board. This action will establish the tax rate for the District for FY2017.

Revenues of the District are directly dependent upon the adoption of the tax rate and corresponding tax levy.

District Clerk Miller read by title only Resolution No. 33, Levying Upon the Assessed Valuation of the Property within Post Ranch Community Facilities District, Casa Grande, Subject to Taxation a Certain Sum Upon Each One Hundred Dollars of Valuation Sufficient to Raise the Amount Estimated to be Required in the Annual Budget, Less the Amount Estimated to be Received from Other Sources of Revenue; Providing Funds for Various Bond Redemptions, for the Purpose of Paying Interest Upon Bonded Indebtedness; and Providing a General Fund for General District Expenses; all for the Fiscal Year Ending the 30th day of June, 2017.
 
  Member Fitzgibbons moved for passage Resolution No. 33.  Member Herman seconded the motion and the following roll call vote was recorded:
 
AYE: Member Ralph Varela
  Member Lisa Fitzgibbons
  Member Matthew Herman
  Member Mary Kortsen
  Member Dick Powell
  Vice Chairman Karl Montoya
  Chairman Robert Jackson
 
Chairman Jackson then declared Resolution No. 33 passed and adopted.
             
G.   Miscellaneous:

None
 
             
H.   Adjournment

There being no further business at this time, the meeting was adjourned at approximately 6:45 p.m.


______________________________
Robert M. Jackson
Chairman

ATTEST:


________________________________
Remilie S. Miller, MMC
District Clerk
CERTIFICATION

I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the Special Meeting of Post Ranch Community Facilities District Board, Arizona, held on the 20th day of June, 2016. I further certify that the meeting was duly called and held and that a quorum was present.


_____________________________
Remilie S. Miller, MMC
District Clerk
 

    

Level double AA conformance,
                W3C WAI Web Content Accessibility Guidelines 2.0

AgendaQuick ©2005 - 2020 Destiny Software Inc. All Rights Reserved.