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 19, 2017
Chairman McFarland called the meeting to order at 6:45 p.m.
Donna McBride, Member
Lisa Fitzgibbons, Member
Matthew Herman, Member
Mary Kortsen, Member
Dick Powell, Member
Ralph Varela, Vice Chairman
Craig McFarland, Chairman
Larry Rains, District Manager
Steven Weaver, Deputy District Manager
Gloria Leija, District Clerk
Brett Wallace, District Counsel
Celina Morris, District Treasurer
Mark McCrory, Police Chief
Paul Tice, Planning & Development Director
Dawn Jett, Human Resources Director
Kevin Louis, Public Works Director
Steve Hardesty, Community Services Director
Copper Mountain Ranch CFD - June 20, 2016
Moved by Member Matthew Herman, seconded by Vice Chairman Ralph Varela to approve the minutes of June 20, 2016. The motion carried with a 7-0 voice vote.
Consider Resolution No. 78
Adopting the Tentative Estimates of the Amount Required for the
Public Expense for the Copper Mountain Ranch Community Facilities District
District Treasurer Morris recommended that the board Approve Resolution No. 78 adopting the tentative budget and establishing the expenditure limitation for fiscal year 2018.
Treasurer Morris reported that the Copper Mountain Ranch Community 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 does not cover district expenses. Any Shortfalls are reimbursed from the developer. Actual expenditures and additional budget authority is included in the event the district activity increases. If additional costs are incurred the Developer will be responsible to reimburse the district for those costs.
Treasurer Morris reported that the budget forms represent all of the information that has been presented to the Board and will be the adopted budget and expenditure limitation for FY 2018, budget schedules hereto attached as Exhibit "A". Required forms shall be published in the local paper as specified and the Board will be asked to adopt them as Final on July 17, 2017 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.
District Clerk Leija read by title only Resolution No. 78, Adopting the Tentative Estimates of the Amount Required for the Public Expense for the Copper Mountain Ranch Community Facilities District for the Fiscal Year 2017-2018; Adopting a Tentative Budget 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
Member Mary Kortsen,
Member Donna McBride to adopt Resolution No. 78.
Member Donna McBride
Member Lisa Fitzgibbons
Member Matthew Herman
Member Mary Kortsen
Member Dick Powell
Vice Chairman Ralph Varela
Chairman Craig McFarland
Chairman McFarland then declared Resolution No. 78 passed and adopted.
There being no further business at this time, the meeting was adjourned at 6:48 p.m.
Craig H. McFarland
Gloria Leija, MMC
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the regular meeting of Copper Mountain Ranch Communities Facilities District Board of Casa Grande, Arizona held on the 19th day of June 2016. I further certify that the meeting was duly called and held and that a quorum was present.
Dated this 17th day of July, 2017
Gloria Leija, MMC
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