Public Meeting Notice Location:
Goodyear City Hall
190 N. Litchfield Rd.

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File #: PVCFD#3 16-511    Version: 1 Name:
Type: Resolution Status: Passed
File created: 6/8/2016 In control: Community Facilities District
On agenda: 6/27/2016 Final action: 6/27/2016
Title: FISCAL YEAR 2016-2017 PROPERTY TAX LEVY FOR PALM VALLEY COMMUNITY FACILITIES DISTRICT NO. 3
Attachments: 1. Staff Report, 2. Resolution

Title

FISCAL YEAR 2016-2017 PROPERTY TAX LEVY FOR PALM VALLEY COMMUNITY FACILITIES DISTRICT NO. 3

body

RECOMMENDATION:

ADOPT RESOLUTION PVCFD#3 RES 16-048 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE PALM VALLEY COMMUNITY FACILITIES DISTRICT NO. 3, 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 AND DEBT SERVICE 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 THE PURPOSE OF PAYING PRINCIPAL AND INTEREST UPON BONDED INDEBTEDNESS; ALL FOR FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2017.

 

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 27, 2016 for the Palm Valley Community Facilities District No. 3 (City of Goodyear, Arizona) relating to Fiscal Year 2016-2017.  The property tax levy is required to be adopted by the District Board. (Rebecca Chitwood, Controller)