Minutes Packet Return
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, JULY 17, 2017
 
             
A.   Call to Order
Chairman McFarland called the meeting to order at 6:30 p.m.
 
             
B.   Roll Call

 
Present:
Lisa Fitzgibbons, Member  
 
Matthew Herman, Member  
 
Mary Kortsen, Member  
 
Dick Powell, Member  
 
Ralph Varela, Vice Chairman  
 
Craig McFarland, Chairman  
Absent:
Donna McBride, Member (Excused)
Also Present:
Larry Rains, Deputy City Manager
Steven Weaver, Deputy City Manager
Gloria Leija, City Clerk
Brett Wallace, City Attorney
Celina Morris , Finance Director
Mark McCrory, Police Chief
Steve Miller , Fire Chief
Paul Tice, Planning & Development Director
Dawn Jett, Human Resources Director
Steve Hardesty, Community Services Director
Terrance McKeon, Deputy Public Works Director
             
C.   AI-832    Minutes

Moved by Member Kortsen, second by Member Fitzgibbons to approve the minutes of June 19, 2017.  The motion carried unanimously.
 
             
D.   Consent Agenda:

None
 
             
E.   Unfinished Business:

None
 
             
F.   New Business:  
             
  F.1    Public Hearing and Consider Resolution No. 79, Adopting The Budget For The Fiscal Year 2017-2018  
 
Celina Morris, District Treasurer, recommended Council hold Public Hearings regarding the FY18 Budget and the proposed property tax rate of $0.30, as well as, the adoption of the Final FY18 Expenditure Budget in the amount of $37,400 for the Copper Mountain Ranch Community Facilities District, and reviewed the below information.
 
In accordance with Arizona Revised Statutes, Title 42 and Title 48, a public hearing is being held on the FY18 Budget and proposed Tax Levy.  Staff recommends that the Board of Directors of the Copper Mountain Ranch Community Facilities District adopt a resolution establishing the FY18 Final Expenditure Budget for the district. A separate RCA asking for approval of the tax levy is also on the agenda tonight.
 
The Copper Mountain Ranch Community Facilities District Expenditure Budget includes costs attributable to the operation and maintenance expenses of the district, as well as, a contingency / reserve for unanticipated expenses.

Budgeted revenues are based on the continuation of the existing $0.30 per one hundred dollars of net assessed values of real and personal property in the district, representing the operational component of the property tax rate.  There is not a debt component, as the District does not have outstanding general obligation debt. 

The  forms represent all of the information that has been presented to the Board and will be the adopted budget and expenditure limitation for FY2018. The required notices have been published in the local paper and the Board is being asked to adopt them as final. A separate action is scheduled for consideration 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.

At this time, Chairman McFarland declared public hearings regarding the FY18 Budget and the proposed property tax rate of $0.30, as well as, the adoption of the Final FY18 Expenditure Budget in the amount of $37,400 for the Copper Mountain Ranch Community Facilities District, and reviewed the below information.  There being no comments, Chairman McFarland declared the public hearings closed.

District Clerk Leija read by title only Resolution No. 79, adopting the budget for the Fiscal Year 2017-2018. 
 
AYE: Member Lisa Fitzgibbons
  Member Matthew Herman
  Member Mary Kortsen
  Member Dick Powell
  Vice Chairman Ralph Varela
  Chairman Craig McFarland
Other: Member (Excused) Donna McBride (ABSENT)
  Chairman McFarland declared Resolution No. 79, passed and adopted.
             
  F.2    Consider Resolution No. 80, Levying Upon The Assessed Valuation Of The Property Within Copper Mountain 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, 2018
 
 
  Celina Morris, District Treasurer, recommended Council adopt a resolution establishing the FY2018 property tax rate at $0.30 per $100 of assessed valuation for the Copper Mountain Ranch Community Facilities District and reviewed the below information.

The Copper Mountain 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 FY2018.

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

District Clerk Leija read by title only Resolution No. 80, levying upon the assessed valuation of the property within Copper Mountain 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, 2018.
  Moved by Member Lisa Fitzgibbons, seconded by Member Mary Kortsen to approve Resolution No. 80.  The following roll call vote was recorded.
 
AYE: Member Lisa Fitzgibbons
  Member Matthew Herman
  Member Mary Kortsen
  Member Dick Powell
  Vice Chairman Ralph Varela
  Chairman Craig McFarland
Other: Member (Excused) Donna McBride (ABSENT)
  Chairman McFarland declared Resolution No. 80, passed and adopted.
             
G.   Miscellaneous:

None
 
             
H.   Adjournment
Moved by Member Kortsen, seconded by Member Herman to the meeting at 6:34 p.m.
 
  ________________________
Craig McFarland
Treasurer
ATTEST:


 
 
___________________________
Gloria Leija, MMC
District Clerk
 

CERTIFICATION
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 17th day of  July 2017. I further certify that the meeting was duly called and held and that a quorum was present.

Dated this _____ day of__________, 2017



_______________________________
Gloria Leija, MMC
District Clerk

    

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