HomeMy WebLinkAboutMunicipal Property Corporation - Annual Reports (24) STATE OFARIZONA
"Attrws_
„coR�`'.s.-, ulux=gi 00, CORPORATION COMMISSION ,�: ,
, . .0,) - -rigt-tfls
*-145-
(,- ,•• - CORPORATION ANNUAL REPORT t' --0, & CERTIFICATE OF DISCLOSURE TATDllJS �
.9,7912•,4°
DUE ON OR BEFORE 0 4/ 18/ 1998 FILING FEE $10 . 00
The following information is required by A.R.S.§10-1622&§10-2501 for all corporations organized pursuant to Arizona Revised
Statutes,Title 10. The Commission's authority to prescribe this form is A.R.S.§10-121.A.&§10-2545.A.YOUR ORT MUST<BE
suaminED Oil THIS. .FORM._Make changes or corrections where necessary. See instructions for proper format.
REFER TO THE INSTRUCTIONS ON PAGE 4.
1. THE TOWN OF ORO VALLEY MUNICIPAL PROPERTY CORPORATION
KATHRYN E CUVELIER
11000 N LA CANADA
ORO VALLEY , AZ 85737
Corporation File Number: -0760926-0
Business Phone: ne :. one op� �)
State of Domicile:ARIZONA Type of Corporation: NON-PROF IT
2. Arizona Statutory Agent: KATHRYN E CUVELIER
Street Address: 11000 N LA CANADA
(NOT P.O. BOX)
City, State, Zip: ORO VALLEY AZ 85737-
r.,, ,,.:-_,.. :
5737-
ACCUSE ONLY _ t c to
E=: _ :.:.:: =..__= appointment:b�_� ---_- _ -.
renoty I, (individual)or We, (corporation or limited liability company)having been
designated the new Statutory Agent, do hereby consent to this appointment until
$ my removal or resignation pursuant to law.
!fam:::Kagg-'t:::,m:m:Rigigg:::fg.{..::::1=t
Eite $
T l $
FY97-98 - _`=--= - Signature
3. Secondary Address:
(Foreign Co mons are
REQUIREDItitoinOlet0
thiSseCtion3
4. Check the one category below which best describes the CHARACTER OF BUSINESS of your corporation.
BUSINESS CORPORATIONS NON-PROFIT CORPORATIONS
_ 1.Accounting -20. Manufacturing 1. Charitable
_ 2.Advertising _21. Mining 2. _ Benevolent
_ 3.Aerospace _22. News Media 3. - Educational
_ 4.Agriculture _23. Pharmaceutical 4. _ Civic
_ 5.Architecture _24. Publishing/Printing 5. X Political
6. Banking/Finance _25. Ranching/Livestock 6. _ Religious
_ 7. Barbers/Cosmetology 26. Real Estate 7. _ Social
_ 8.Construction 27. Restaurant/Bar 8. - Literary
9.Contractor _28. Retail Sales 9. _ Cultural
10. Credit/Collection -29. Science/Research 10. _ Athletic
_11. Education _30. Sports/Sporting Events 11. Science/Research
_12. Engineering _31. Technology(Computers) 12. _ Hospital/Health Care
_13. Entertainment _32. Technology(General) 13. _ Agricultural
_14.General Consulting _33. Television/Radio 14. _ Animal Husbandry
-15.Health Care _34. Tourism/Convention Services 15. _ Homeowner's Association
_16. HoteVMotel _35. Transportation 16. _ Professional,commercial
_17. Import/Export _36. Utilities industrial or trade association
_18. Insurance _37. Veterinary Medicine/Animal Care 17. - Other
_19.Legal Services _38. Other
Page 2
5. CAPITALIZATION:(Business Corporations and es Truce are REQUIRED to complete this section)
Business trusts must indicate the number of transferable certificates held by trustees evidencing their beneficial interest in
the trust estate.
Number of Shares/Certificates Authorized Class Series Within Class(if any)
Number of Shares/Certificates Issued Class Series Within Class(if any)
6.SHAREHOLDERS:pusinets-Corporations a # us " at. € =to'i6iimplete
List shareholders holding more than 20% of any class of shares issued by the corporation, or having more than a 20%
beneficial interest in the corporation.
Name: Name:
NONE ❑
Name:_ Name:
7. OFFICERS (If no changes since last report, check here and go on to Section 8.) _,
Name: WENDELL CHEEK Name:
P Title:
Title:
Address: Address:
ORO VLY, AZ 85737-951+3
Date taking office: 12-18-95 Date taking office:
Name:
DENNIS POLLEY Name:
Title: SE CR ET-04F TITMURER
STEVE LUCAS
--r�.- ,,� Title:
�
Address: Address:
ORO VLY, AZ 85737- ORO VLY, AZ 85737-
Date taking office: 05-07-97 Date taking office: 01-08-97
8. DIRECTORS (if no changes since last report, check here and go on to Section 9.)
DENNIS POLLEY STEVE LUCAS
Name: Name:
Address: Address:
ORO VLY, AZ 85737- ORO VLY, AZ 85737-
05-07-97 01-08-97
Date taking office: Date taking office:
Name: WENDELL CHEEK Name:
Address: Address:
ORO VLY, AZ 85737-951+3
12-18-95
Date takingoffice: Date taking office:
Please Enter Corporation Namefl\ i \ (S �`�\\ LkAf\ Q J ra ^ Page 3
9. FINANCIAL DISCLOSURE(A.R.S.§§10-1622.B&10-2501.A.6)
Only corporations that meet one or more of the following criteria must attach a financial statement(balance sheet including assets, liabilities
and equity). The corporation is: 1)a public service corporation(e.g.,public utility)as defined in Article XV, Section 2, Constitution of Arizona.
2) offers its stock for sale in transactions that are not exempt from A.R.S. §§44-1841 and 44-1842 as prescribed in §44-1844.A.1 (e.g.,
publicly traded). 3)a nonprofit corporation. All other forms of corporations are exempt from filing a financial disclosure.
10. CERTIFICATE OF DISCLOSURE(A.R.S.§§10-1622.8& 10-2505.A)
Has ANY person serving either by election or appointment as an officer, director,trustee, incorporator and person controlling or holding more
than 10%of the issued and outstanding common shares or 10%of any other proprietary, beneficial or membership interest in the corporation
been:
1. Convicted of a felony involving a transaction in securities, consumer fraud or antitrust in any state or federal jurisdiction within the seven
year period immediately preceding the execution of this certificate?
2. Convicted of a felony,the essential elements of which consisted of fraud, misrepresentation,theft by false pretenses or restraint of trade
or monopoly in any state or federal jurisdiction within the seven year period immediately preceding execution of this certificate?
3. Or are subject to an injunction,judgment, decree or permanent order of any state or federal court entered within the seven year period
immediately preceding execution of this certificate where such injunction,judgment, decree or permanent order involved the violation of:
(a)fraud or registration provisions of the securities laws of that jurisdiction, or
(b)the consumer fraud laws of that jurisdiction, or
(c)the antitrust or restraint of trade laws of that jurisdiction?
Ofidibtitititittleititaik6dt YES O NO%i
If"YES",the following information must be submitted as an attachment to this report for each person subject to one or more of the actions stated
in Items 1. through 3. above.
1. Full name and prior names used. 5. Date and location of birth.
2. Full birth name. 6. Social Security Number
3. Present home address. 7. The nature and description of each conviction or judicial action;the
4. Prior addresses(for immediate date and location;the court and public agency involved, and the file
preceding 7 year period). or cause number of the case.
11.STATEMENT OF BANKRUPTCY (A.R.S.§10-202.D.2)
Has ANY person serving either by election or appointment as an officer, director,trustee, incorporator and person controlling or holding more
than 20%of the issued and outstanding common shares or 20%of any other proprietary, beneficial or membership interest in the corporation
served in such capacity or held a 20%interest in any other corporation during the bankruptcy, receivership, or charter revocation of the other
corporation?
Ottitb:Wititigrae_4010tOtt YES El NO
:WYE4-ibititaitii#MiWat Chapter Date Filed Case Number
___: :::t#�e:::fol :.- in ation.:must..be.submitted=as..an=atta ent:to t:-re p _ for-eat::-_ rson sub je+t: :tt e:=atement ve�
ewes_Wit:=eat:- :--.--.gat ::=gid:::= .$�= .:� .=•. _ : �:.. _ - .- -. .�:-...� ,- �-: -�_ :�.• -: :��ea � -.. . .c ate.
af € _.. ---- fscn-cr__ . cna_ � edi---2._...Tbe.stere•. -_�cb._ -------..-_...---'- _.._ --- ---
incorporated-b) :- :of_orre-. r:-mss
12. =. 0 = etre- r nent a' :a € t _tbe:_ = e= net -abs:for
rte:`--.. = e• -submitted _-: aorr= -�'_:-na =Il b =re._••---:-._.t
-.----...ice..------------:::-_--___:__.:.:-.-_�_:::._:::::::_:--..--:::.:_: _:::_.:___.-..__._::::__:: . - -:_--.... .......__._ ........_..._.........._..-___...........__....._.._....___.
I DECLARE,UNDER PENALTY OF LAW,THAT ALL CORPORATE INCOME TAX RETURNS REQUIRED BY TITLE 43 OF THE ARIZONA
REVISED STATUTES HAVE BEEN FILED WITH THE ARIZONA DEPARTMENT OF REVENUE.
I further declare under penalty of law that I(we)have examined this report and the certificate, including any attachments,and to
the best of my(our)knowledge and belief they are true,correct and complete.
Name _endeil ek sate Name ct"PUP Tiff..a c Date
Signature_ II __�, Signature
Title S F.CR F TAR Y Title PP F SID EN T
(Signator(s)must be duly authorized corporate officer(s) listed in section 7 of this report)
Annual Report Instruction Sheet Page 4
This instruction sheet contains information about the annual reporting process for corporations doing business in Arizona.
Every corporation in Arizona must submit an Annual Report to the Corporations Division of the Arizona Corporation
Commission once a year. This is the only notice and form you will receive. Corporations must use this Annual Report Form
prescribed and furnished by the Arizona Corporation Commission. No other form or format is allowed. The
Commission's computerized imaging system cannot work with other forms or formats. IMPORTANT: This Annual Report
must be correctly filled out and submitted by the assigned due date or the corporation may have its authority and operating
status revoked by the State of Arizona. Use the check off boxes on this sheet as you complete the form.
The Corporation Commission has completed the form with information we have available regarding the corporation.
Please verify each line. Strike out incorrect information by drawing a line through the incorrect data. Correct information
should be legibly written above or to the side of the struck, incorrect information.
CI Section 1. All corporations must state their name, address,zip code,domicile state, and type (e.g., nonprofit, business,
sole, professional, business trust). Please list a business phone number.
C7 Section 2. All corporations must state the name and address of the current Statutory Agent for the corporation. Correct
information about the Statutory Agent is vital to the legitimate authority and status of the corporation.The Statutory Agent
must not use a P.O. Box. New Statutory Agents must consent to their appointment by signing the appropriate line. A
corporation must amend their records at the Commission anytime the Statutory Agent is changed or whenever the Agent's
designated mailing address changes.
O Section 3. Foreign (out-of-state/country) corporations must state their known place of business in this state and in the
jurisdiction in which they are incorporated. List the pi imary address in Section 1, and the secondary address in Section 3.
O Section 4. All corporations must check the category that best describes the character of their corporation in the applicable
business or nonprofit corporation area.
O Section 5. All business corporations must indicate the number of shares which they have authorized,the class and series.
All business trusts must indicate number of transferable certificates held by trustees.
O Section 6. All business corporations must indicate the list of applicable shareholders.
O Section 7.Please list all principal officers. Business corporations must have at least one duly authorized officer. Nonprofit
corporations must have at least two officers per A.R.S. §10-2301.14. See section 12.
O Section 8. Please list all directors. Business corporations must have at least one director per A.R.S. §10-803.A. Nonprofit
corporations must have at least three directors per A.R.S. §10-2318.A.
C7 Section 9. If the corporation meets one of the criteria stated in section 9,then it is required to file a statement of financial
disclosure (e.g., a balance sheet). Business corporations that must file a financial disclosure meet their obligation by
attaching one of the following statements: 1) Their most recent copy of Schedule L, Form 1120 filed with either the
Internal Revenue Service or Arizona Department of Revenue; OR 2) A copy of the corporation's financial statement as
provided to shareholders pursuant to A.R.S. §10-1602.B.4; OR 3) A copy,of their Financial Report to Shareholders as
required by A.R.S. §10-1620; OR 4) A statement that the corporation conducted no business in Arizona in the past year.
All Nonprofit corporations must file a financial disclosure statement. Nonprofit corporations meet their obligation by
attaching one of the following documents: 1) Their most recent copy of Page 2, Form 99 filed with the Arizona Department
of Revenue; OR 2) A copy of the corporation's Charitable Organization Financial Statement as filed with the Arizona
Secretary of State pursuant to A.R.S.§44-6552;OR 3) A copy of the corporation's Treasurer's Report/Financial Statement
prepared for the current fiscal year; OR 4) A copy of the financial statement prepared for the corporation's members.
[7 Section 10. All corporations must check either YES or NO in the Certificate of Disclosure. Those who check the"YES"
box must supply the attachment required and explained in section 10.
0 Section 11. All corporations must check either YES or NO in the Statement of Bankruptcy. Those who check the"YES"
box must supply the attachment required and explained in section 11.
D Section 12. Ail corporations must read the declarations in this section. If they have complied, and if they have_compieted
Annual Report,then thea licable officers) listed in section 7 must acknowledge by signing the report._ =_ 1-_iii _:�-_
the po _ _ _ ___ _ --:-
.; : .. .r shalt- thO F latron. t tin :Pt ,._.. ent o ---- _..._...
.. :. memos. �.: �.:. _:.- ---
-soototot:.- t th) _: o -Busin co: orations, e_si neer s l_ $.:_:__.uty a-_-_-o _:tith.06t
D Sign& Mail the Check and Annual Report. Business corporations must send $45,Nonprofit corporations$10.
MAKE
OCHECK
.NPAYABLE
. :.....:...:::. ARI:ZONA CORPORATION • • •
daAnnual Reports Corporations
SIN
.. :
..............
:...:.:.:.:......
13fl
West Washington ar 1est Congress
134
Phoenoc AZ 85007-2929 Tucson,A 57 1
Seek professional advice from your accountant, attorney, or other knowledgeable source if you need help with any section.
Business corporations may purchase a copy of the Arizona Business Corporation Act, available from the Corporations Division
at 1300 W.Washington(Phoenix)as a source of information. The Annual Reports Section of the Corporations Division cannot
give legal or tax advice, but you may call them with your other questions regarding this form at(602) 542-3285.
TOWN OF ORO VALLEY MUNICPAL PROPERTY CORPORATION
FILE NUMBER 0760926-0
FISCAL YEAR 1996/97
BALANCE SHEET
ASSETS
Current Assets:
Cash $ 5,580,603
Trade notes and accounts receivable
(less allowance for bad debts 550,113
Inventories
Other current assets 30,744
Total Current Assets $ 6,161,460
Land, buildings and other fixed assets
(net of accumulated depreciation) 22,525,819
Other assets 889,416
Total Assets $ 29,576,695
LIABILITIES
Current Liabilities:
Accounts Payable $ 166,251
Mortgages, notes, bonds (payable in less than 1 year)
Other current liabilities 846,289
Total Current Liabilities 1,012,540
Mortgages, notes, bonds (payable in more than 1 year) 28,004,226
Fund Balances:
Restricted
Unrestricted 559,929
Total Fund Balances 559,929
Total Liabilities and Fund Balances $ 29,576,695
MINUTES
ORO VALLEY MUNICIPAL PROPERTY CORPORATION
ANNUAL MEETING
OCTOBER 27, 1997
TOWN COUNCIL CHAMBERS
11,000 N. LA CANADA DRIVE
CALL TO ORDER: 4:05 P.M.
PRESENT: Wendell Cheek
Steve Lucas
EXCUSED: Dennis Polley
STAFF PRESENT: Kathryn Cuvelier, Town Clerk
ELECTION OF OFFICERS
The following nominations were made for Election of Officers:
President - Steve Lucas
Treasurer - Dennis Polley
Secretary - Wendell Cheek
Motion carried 2 - 0.
ADJOURNMENT
Meeting adjourned at 4:10 p.m.
Respectfully submitted,
Kathryn Cuvelier, CMC
Town Clerk
JIM IRVINy ="�'�"�►. JACK ROSE
COMMISSIONER-CHAIRMAN Thr_ : EXECUTIVE SECRETARY
RENZ D.JENNINGS
COMMISSIONER ARIZONA CORPORATION-COMMISSION
CARL J.KUNASEK4P CORPORATIONS DIVISION
COMMISSIONER
ATTEiI+ON CORPORATE ANNUAL REPORT FILING CUSTOMERS
Please read ALL of these form and use the checklist!
In an effort to serve.you ibetter,a number of changes are being implemented to improve the Annual Report
process for ArizonaCorporations. As a result of legislation that becomes effective in July 1997(Arizona
Fiscal Year 1998),thArizona Corporation Commission's Corporations Division will implement a program
to stagger the due dates of corporate Annual Reports evenly throughout the year. The new system will
eliminate the excessively large April peak filing period that-has created numerous problems and prevented the
Corporations Divisionifrom operating in an efficient manner.
Additionally,the Annual Report will require a fmancial disclosure statement only from corporations that meet
one of the following criteria: 1)The corporation is Nonprofit. 2)The corporation is a public service
corporation(e.g.,utility)as defined in Article XV, Section 2,Constitution of Arizona. 3)The corporation
offers its stock for sale in transactions that are not exempt from sections 44-1841 and 44-1842 as prescribed
in section 44-1844,subsection A. Paragraph 1. Therefore,if a corporation is nonprofit,or a public service
corporation,or publicly traded it is subject to financial disclosure requirements. In this situation,the Annual
Report due date will most likely not be affected,it will,in most cases,remain in the fourth month after the
close of the corporation's fiscal year.
Most existing corporations will not be subject to these fmancial disclosure filing requirements. They will
have a new Annual Report due date assigned to them by the Commission. The Commission will
alphabetically,by corporation name,reassign due dates to existing corporations. This process will take place
between July 1, 1997 and June 30, 1998. The due date for your corporation is the date that appears on the
top,left-side of the front page of the Annual Report form that is attached to this letter. The corporation can
expect this new due date(day and month)to be their permanent due date for future Annual Reports.
NOTICE: Corporations who have previously been granted an extension relating to an Annual Report
originally due in Fiscal Year 1997(July 1,1996-June 30,1997),must still submit that outstanding
Annual Report.
All of the changes mentioned above necessitated a revision of the Annual Report form. The Annual Report
must be submitted on the preprinted form supplied by the Commission. Other forms are not compatible with
our computerized imaging system. The new form has been improved to make it as"user friendly"as
possible.
We would greatly appreciate your prompt completion and return of the Annual Report with the$45/profit or
$10/nonprofit filing fee. Failure to correctly file your corporation's Annual Report will result in penalties and
the possible administrative dissolution or revocation of the corporation.
REMEMBER TO SIGN THE FORM,DISCLOSURE CERTIFICATE,AND THE CHECK. Note
that the new due date for the corporation's Annual Report is that which is printed on the top,left-side
of the Annual Report form that is attached to this letter. Please adhere to the instructions/checklist
found on page four of the Annual Report. Use only the original form.
The Annual Report Section will be happy to answer your questions at: phone##602-542-3285,press 4.
arcvrhr_Rev 9-19-97
1200 WEST WASHINGTON,PHOENIX,ARIZONA 85007-29961400 WEST CONGRESS STREET,TUCSON,ARIZONA 85701-1347
www.cc.state.az.us
ARIZONA CO I RATION COMMISSION:
Questions,and Answers about the
New Annual Report System for Corporations
1) QUESTION:Why is the Annual Report isystem being changed? ANSWER: Two legislative bills(H2291&
H2531)were introduced and signed into laws a means of creating a more efficient*and cost saving Annual Report
system. One new law eliminated the need to submit financial disclosures for most corporations. The other authorized the
Commission to stagger the due dates to more evenly spread the reports across the course of the year. Additionally,the form
has been revised to make it easier to use and to reduce the 50%error rate that had occurred in the past.
2) QUESTION: My corporation paid in April. Now we are due again. Are we being.overcharged? ANSWER:
No. The Corporation Commission'is notcollecting fees twice from corporations:We collect only one$45 profit/$10
nonprofit annual report feeper year. "Year"is the state of Arizona's fiscal year-July 1 thru June 30---365 days. The new
due date for an annual report for a corporation may be changed,but the time period for an annual report remains the same
12 months July 1 to June 30.
Example: "BB&B Corporation". Under the old system their report was due April 15, 1997. Under the new
system their report is due August 9, 1997. In the future,their report will be due every August 9. Therefore,under the old
system the corporation made one payment on April 15, 1997 in FY96-97. It covered(paid for)a 365 day period. Under
the new system,their one payment for the year will be due on their new due date(August 9, 1997)in FY97-98. It too will
cover 365 days. The next year in the future,their payment will be on Aug nst 9th_ Again,it will cover 365 days in FY98-99.
r
AMOUNT DUE DATE TIME PERIOD NUMBER OF DAYS
COVERED BY
PAYMENT
$45 April 15, 1997 July 1, 1996-June 30, 1997 365
$45 August 9, 1997 July 1, 1997-June 30, 1998 365
$45 August 9, 1998 July 1, 1998-June 30, 1999 365
Remember,the current annual report filing fee of $45.00 profit/$10 nonprofit is for a period from July 1, 1997 to June 30,
1998. The annual filing fee covers the same July to June period regardless of the actual date the report is filed and the fee
is paid. No proration was necessary because ALL Arizona corporations were assigned only one due date within the period
between July 1,1997 and June 30,1998. This is the only payment option as the Arizona Legislature has never appropriated
funding for prorated billing of annual reports.
3) QUESTION:Are fmancial disclosures still required? ANSWER: Most profit corporations no longer need
to submit a fmancial disclosure. Only those corporations that are publicly traded,public service,or nonprofit must file
financial disclosure forms. Instructions about what types of fmancial disclosure are acceptable are found on page four,
section 9 of the Annual Report. It should also be noted that for the purposes of the Corporation Commission,a corporation's
own fiscal year is not relevant if they are no longer required to file a fmancial disclosure.
4) QUESTION:WHY CAN'T I USE MY OWN FORM? ANSWER: Pursuant to§§ 10-121.A.and 10-
2545.A, Annual Reports,"...shall be made on the forms that are prescribed and furnished by the commission." Other
forms will not work with our computerized imaging system. And next year,when the bar-code system is implemented,the
public will not be able to produce the necessary bar coding. In the past,when the Division tried allowing privately generated
forms, too many instances occurred where the public was illegally manipulating the verbiage on the forms(via various
omissions and unauthorized changes). Staff was forced to scrutinize the privately generated Annual Report form word-by-
word looking for illegal substitutions or additions. Incomplete reports were running at over 50%. The errors,problems and
delays resulting from the private forms were enormous. The public was poorly served.By the time the reports were finally
updated and put into the system,the public record was often over a year behind or the corporation had already been revoked.
Recent audits of the Corporations Division sited non-commission forms as a major problem and suggested their elimination.
Furthermore,the commission preprints the majority of the information required of the corporation on the form using blue
ink (for the corporation information)on a black and white form. This system allows corporations to verify commission
records and make changes as necessary. Adjustments to the form are readily apparent. Privately generated forms do not
offer the same advantage because corporations cannot verify the information on file at the commission. Additionally,the
funding from the legislature for the Corporations Division is not sufficient to implement another form of electronic filing at
this time. Extra copies of the annual report form are available. They can be picked up,mailed or faxed to corporations.
ary&a9-13-97