ADOPTION OF FISCAL YEAR 2013-2014 PROPERTY TAX RESOLUTION FOR CENTERRACFD RECOMMENDATION: ADOPT RESOLUTION CENTERRACFD RES 13-046, A RESOLUTION OF THE CENTERRA COMMUNITY FACILITIES DISTRICT, MARICOPA COUNTY ARIZONA, LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE CENTERRA COMMUNITY FACILITIES DISTRICT, SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH ONE HUNDRED DOLLARS ($100.00) OF VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET, FOR THE PURPOSE OF PAYING FOR VARIOUS OPERATING EXPENSES; 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 PRINCIPAL AND INTEREST UPON BONDED INDEBTEDNESS; ALL FOR FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2014. PURPOSE: Arizona State law requires governmental agencies to adopt their property tax levy on or before the third Monday in August each year. The District Board adopted the final budget on June 17, 2013 for the Centerra Community Facilities District relating to Fiscal Year 2013-2014. The property tax levy is required to be adopted by the District Board. (Sheila Mills, CFD Administrator)

Committee

Community Facilities District

Introduced

June 5, 2013

On agenda

June 17, 2013

Passed

June 17, 2013