HomeMy WebLinkAboutResolution 88-029 Declaring intent to form a community facilities districtRESOLUTION NO. 88-29
Resolution of the town council of the Town of Harana, Arizona,
declaring intent to form a community facilities district
pursuant to Arizona Revised Statutes Section 48-701 et seq.
WHEREAS, pursuant to Section 48-701 et seq. of Arizona
Revised Statutes, the Town of Marana is authorized to form a
community facilities district, as described in said statute;
and
W~t~REAS, on October 4, 1988 owners of certain real
property, all of which real property lies wholly within the
corporate boundaries of the Town presented to the Council a
Petition seeking adoption of a resolution declaring the intent of
the Council to form a community facilities district; and
W-w-REAS, the Council finds that the said Petition has been
properly executed by the owners of not less than twenty-five ~
percent (25%) of the property proposed to be included within the'
said District; and
W~REAS, a general plan for the district has been filed
with the Clerk, setting out a general description of the proposed
public infrastructure improvements for which the District is
proposed to be formed and the general areas to be improved.
WHEP~EAS, the Council finds that the public convenience
and necessity require~ the adoption of this Resolution of
Intention to form a community facilities district;
NOW THEREFORE, the Town Council of the Town of Marana,
Arizona, does hereby resolve, determine and order as follows:
Section 1. Definitions. Unless the context hereof
otherwise requires, the following terms shall have the meanings
a_~¢ribed them in this Section 1:
!.i. "Authorized Investments" means any securities in
which th~ district may lawfully invest funds subject to its control.
1.2. "Board" means the Board of Directors of the
District. ·
1.3.
by the district.
"Bonds" means any bonds which may be authorized
Mararia.
1.4. "Clerk" means the Town Clerk of the Town of
Marana, Arizona.
"Council" means the Town Council of the Town of
1.6. "District" means that community facilities to
which this Resolution relates.
1.7. "Law" means Section 48-701 et seq. of Arizona
Revised Statutes, as presently written or as hereafter amended.
1.8. "Town" means the Town of Mararia, Arizona.
1.9. "Resolution" means this Resolution of Intention
to form community facilities district.
Section 2. Intention to form District. The Council
hereby resolves, pursuant to Section 48-702 of Arizona Revised
Statutes, its intention to form the District, on the terms and as
described herein.
Section 3. Area Included. The area to be included
within the District is described on Exhibit A hereto. The
District and the boundaries thereof, as the same is intended to
be formed, are depicted on Annex "A" to this Resolution. The
parcels of real property affected by or included within the
boundaries of the district are described by Tax Parcel Number on
Annex "B" to the Resolution.
Section 4. Purposes for Formation of District. The
purposes for which the District is to be formed are: the
construction, operation and maintenance of public infrastructure
improvements, including a sanitary sewer trunk line, interceptor
lines, pump stations and related facilities; the purchase or
condemnation of such real property, or interests therein, as is
necessary for the construction and maintenance of the public
infrastructure improvements; the issuance of Bonds and other
debt, the borrowing of funds, the levy of ad volorem taxes,
assessments, charges and fees to finance the construction and
maintenance of said improvements and the purchase of such real
property interests as is necessary and related costs; the making
of such Authorized Investments as the Board shall deem proper;
and the undertaking of any other act or matter as is authorized
by law.
Section 5. Hearing. A public hearing, the subject
of which shall be the formation of the proposed District, shall
be held on November 15, 1988 at 7:00 o'clock p.m. at The Marana
Town Hall, 12775 North Sanders Road, Marana, Arizona.
Section 6. Written Objections. Written objections
to the formation of the proposed District may be filed with the
Clerk, at The Marana Town Hall, 12775 North Sanders Road, Mararia,
Arizona, prior to 5:00 o'clock p.m., on or before November 14,
1988.
Section 7. Ad Valorem Taxes. The proposed
District, if formed, may result in the levy of ad valorem taxes
to pay the cost of the improvements to be constructed and for the
operation and maintenance thereof.
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Section 8. District Board. The Council, sitting
ex officio shall comprise the Board of Directors of the District.
Section 9. Authorization.
adopted pursuant to Section 48-701 et seq.
Statutes.
This Resolution is
of Arizona Revised
Section 10. No General Town Liability. Neither
the general fund of the Town nor that of the State of Arizona or
any political subdivision thereof shall be liable for the payment
or repay-ment of any Bonds, notes or other evidences of debt, nor
is the credit or taxing power of the Town to be pledged therefor.
Section 11. Effective Date. This Resolution
shall take effect upon the date of adoption.
PASSED ANDADOPTED by the Town Council of the Town of
Mararia, Arizona this 18th day of October, 1988.
ATTEST:
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