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MINUTES OF THE MEETING OF THE
COPPER MOUNTAIN RANCH COMMUNITY FACILITIES DISTRICT BOARD
OF THE CITY OF CASA GRANDE
HELD IN THE COUNCIL CHAMBERS
510 E. FLORENCE BLVD., CASA GRANDE, AZ 85122
MONDAY, JUNE 6, 2016
 
             
A.   Call to Order

Chairman Jackson called the meeting to order at 6:30 p.m.
 
             
B.   Roll Call
 
Present: Ralph Varela, Member  
  Lisa Fitzgibbons, Member  
  Matthew Herman, Member  
  Mary Kortsen, Member  
  Dick Powell, Member  
  Karl Montoya, Vice Chairman  
  Robert Jackson, Chairman  
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
Kevin Louis, Public Works Director
             
C.   Minutes:

Member Powell moved to approve the minutes listed below. Member Kortsen seconded the motion and was carried with a 7-0 voice vote.
 
             
  C.1    Copper Mountain Ranch CFD - June 15, 2015  
             
D.   Consent Agenda:

None
 
             
E.   Unfinished Business:

None
 
             
F.   New Business:  
             
  F.1   
Resolution No. 75
Adoption of the Fiscal Year 2016-2017 Tentative Budget for
Copper Mountain Ranch Community Facilities District


District Treasurer Morris recommended that the Board approve the resolution adopting the tentative budget and establishing the expenditure limitation for fiscal year 2017.
 
District Treasurer Morris reported that the Copper Mountain 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. This tax includes an operational component  ($0.30)and a General Obligation Bond component  ($0.00).  There is no debt outstanding on this District and the operational rate is not projected to cover district expenses. All Shortfalls will be covered by existing fund balance and then developer reimbursements as required.
 
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. Required forms shall be published in the local paper as specified and the Board will be asked to adopt them as Final on June 20, 2016 as well as establish the tax rate. Adoption of the Tentative budget establishes the expenditure limitation for the fiscal year, the final budget may be adopted at a lesser amount but may not be increased above the limit established by this action.
 
Adoption of the annual budget establishes the spending plan for the coming fiscal year. No expenditure of funds may occur that is not in conformance with the adopted budget.

District Clerk Miller read by title only Resolution No. 75, Adopting the Tentative Budget for the Copper Mountain Ranch Community Facilities District for the Fiscal Year 2016-2017; Setting Forth the Receipts and Expenditures, the Amounts Actually Levied, and the Amounts Estimated as Collectible for the Previous Fiscal Year and the Amount Proposed to be Raised by Direct Property Taxation for the Various Purposes; and Giving Notice of the Time for Hearing Taxpayers for Adopting of Budget and for Fixing the Tax Levies.
 
  Vice Chairman Montoya moved for passage of Resolution No. 75.  Member Kortsen seconded the motion and the following roll call 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. 75 passed and adopted.
             
G.   Miscellaneous:

None
 
             
H.   Adjournment

There being no further business at this time, the meeting was adjourned at approximately 6:35 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 Copper Mountain Ranch Community Facilities District Board of Casa Grande, Arizona held on the 6th day of June, 2016.  I further certify that the meeting was duly called and held and that a quorum was present.

Dated this 20th day of June, 2016



________________________________
Remilie S. Miller, MMC
District Clerk
                                                                                                                                                                                                                 

    

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