HomeMy WebLinkAbout2024 11.19 SVCFD No. 2 Minutes City of Apache Junction, Arizona City Council Chambers
300 E Superstition Blvd
Apache Junction,AZ
Special Meeting Minutes 85119
Superstition Vistas Community apachejunctionaz.gov
Ph:(480)982-8002
Facilities District No. 2
Doors are open to the public at least 15 minutes prior to the
posted meeting start time.
Tuesday,November 19,2024 6:00 PM City Council Chambers
A. Call to Order
Chair Wilson called the meeting to order at 6:16 p.m.
B. Roll Call
Staff in Attendance:
Bryant Powell, District Manager
Matt Busby,Assistant District Manager
Joel Stern, District Attorney
Evie McKinney, District Deputy Clerk
Angelie Hawley, District Treasurer
Mike Loggins, District Director
Charles Briggs, District Project Manager
Rita Vineyard, District Administrative Assistant
Connie Chow, District Finance Controller
Kayla Fulmer, District Director of Marketing and Communications
Rob Wisler,District Management Analyst
EU Richardson, District Management Analyst
C. Agenda Items
1. Approval of minutes of special meeting of October 15, 2024�
Chair Wilson called for a motion.Boardmember Johnson moved,seconded by Boardmember
Heck that the minutes of the October 15,2024,Special Meeting be approved.
2. Conduct a public hearing on the feasibility report for a proposed project to be
financed by the issuance of general obligations bonds of Superstition Vistas
Community Facilities District No.2,
Chair Wilson opened the public hearing at 6:21 p.m.Receiving no comments,Chair Wilson closed
the public hearing at 6:21 p.m.
Zach Sakas, Esq. of Greenberg Traurig,outside counsel for the Superstition Vistas Community Facilities
District No, 2 presented to the Board the feasibility report for Blossom Rock Trail.The report explains
repaying the bond issuance will be done with the levy of property taxes in the amount of$3,85,on all
taxable property, per$100 in net assessed limited property value within the district, The estimated average
tax bill for homeowners would be$50 per month.
Councilmember Heck asked if Blossom Rock had to get approval from all home builders building homes in
the District,
Mr. Sakes responded that this information is in the agreements with each home builder.
City of Apache Junction,Arizona Page 1
Superstition Vistas Community Special Meeting Minutes November 19,2024
Facilities District No.2
3. Presentation, discussion, and consideration of Resolution No, 2024-008
SVCFD No,2, a resolution of the district board of Superstition Vistas
Community Facilities District No. 2 approving the prior notice of a public
hearing with respect to a feasibility report relating to the acquisition and
financing of certain improvements benefitting Superstition Vistas Community
Facilities District No. 2; approving the feasibility report; authorizing the
issuance of the District's General Obligation Bonds,Taxable Series 2024;
prescribing the terms of such bonds; delegating the determination of certain
terms to the Chairman, District Manager and District Treasurer; levying an ad
valorem tax on taxable property within the District; and authorizing the taking
of other actions securing the payment of and relating to the bonds.
Chair Wilson called for a motion.Boardmember Johnson moved,seconded by Boardmember
Softer that Resolution No.2024-008 SVCFD No.2 be approved.
Zach Sakas, Esq,of Greenberg Traurig,outside counsel for the Superstition Vistas Community Facilities
District No.2 presented that this Resolution was similar to Resolution No,2024-011 for Superstition Vistas
Community Facilities District No, 1, It will authorize general obligation bonds that are repaid over time with
property tax collections on all taxable property within the district, The target tax rate would be$3,85 per
$100 of net assessed limited property value on taxable property.
Councilmembers had no concerns,
D. District Manager Report
E. District Director Report- Presentation and discussion of the following items:
F. District Treasurer Report- Presentation and discussion
G. Adjournment
Chair Wilson adjourned the meeting at 6:26 p.m.
ACCEPTED THIS DAY 0 f�A� 2024, BY THE CHAIR PERSON AND
DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO.
2 (CITY OF APACHE JUNCTION,ARIZONA),
SIGNED AND ATTESTED TO THIS 41) DAY OF �C�C-i-v-k-If4—
, 2024.
A
7
WALTER"CHIP"WILSON
Chair Person
ATTEST:
E�l
EVIE MCKINNEY
District Deputy Clerk
City otApache Junctfon,Atizona Page 2