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HomeMy WebLinkAbout2024 06.18 SVCFD 1 Cityof Apache Junction Arizona City Council Chambers 300 E Superstition Blvd Apache Junction,AZ 85119 Special Meeting Agenda apachejunctionaz.gov Superstition Vistas Community Ph:(480)982-8002 Facilities District No. 1 Doors are open to the public at least 15 minutes prior to the posted meeting start time. Tuesday,June 18,2024 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 4-316 Approval of minutes of Superstition Vistas Community Facilities District No. 1 special meeting of April 16, 2024. Sponsors: Angelie Hawley Attachments: SpecialMeetingMinutes for April 16,2024 2. 24-365 Presentation, discussion, and consideration of Resolution No. 2024-005 SVCFD No. 1, approving the proposed District budget for Fiscal Year 2024/25 and ordering a hearing on and calling for public testimony on the District budget. Sponsors_: Angelie Hawley Attachments: resolution 2024-005 Approving a Proposed District Budget for F 3. 24-372 Public hearing regarding the proposed Fiscal Year 2024/25 District budget for Superstition Vistas Community Facilities District No. 1. Sponsors: Angelie Hawley Attachments: resolution 2024-005 Approving a Proposed District Bud et for F 4. 4- 60 Presentation, discussion, and consideration of Resolution No. 2024-006 SVCFD No.1, adopting the District budget for Fiscal Year 2024/25 and ordering a tax levy. Sponsors: Angelie Hawley Attachments: Resolution 2024-006 Adopting the District Budget for FY 25 anc D. Public Hearing Public hearings required by applicable law shall be conducted by the board and any person shall be given the opportunity to speak.All remarks shall be addressed to the board as a whole and not to any member thereof. Such remarks shall be limited to five(5)minutes unless additional time is granted by the board chairmember. This time limitation shall not apply to applicants and their agents appearing before the board. City of Apache Junction,Arizona Page 1 Printed on 611112024 Superstition Vistas Community Special Meeting Agenda June 18,2024 Facilities District No.1 E. District Manager Report F. District Director Report G. District Treasurer Report H. Adjournment Copies of this agenda and additional information on any of the items listed above may be obtained from the office of the city clerWdistrict clerk, 300 E Superstition Blvd,Apache Junction,AZ 85119, Monday through Thursday, 7:00a to 6:00p, excluding holidays. The City of Apache Junction invites and welcomes people of all abilities to use our programs, sites and facilities. Specific requests may be made by contacting the Human Resources Office at(480)474-2617 or TDD(480)983-0095. Members of this board will attend either in person or by telephone, video or internet conferencing. City of Apache Junction,Arizona Page 2 Printed on 611112024 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 1. File ID: 24-316 Sponsor:Angelie Hawley Agenda Date:6/18/2024 Index: In Control: Superstition Vistas Community Facilit Approval of minutes of Superstition Vistas Community Facilities District No. 1 special meeting of April 16, 2024. City of Apache Junction,Arizona Page 1 Printed on 611112024 Cityof Apache Junction, Ari City Council Chambers paczona 300 E Superstition Blvd Apache Junction,AZ 85119 Special Meeting Minutes apachejunctionaz.gov Superstition Vistas Community Ph:(480)982-8002 Facilities District No. 1 Tuesday,April 16,2024 6:00 PM City Council Chambers A. Call to Order Chair Wilson called the meeting to order at 5:59 p.m. B. Roll Call Present 7- Chairperson Wilson Vice Chair Schroeder Boardmember Heck Boardmember Johnson Boardmember Nesser Boardmember Cross Boardmember Soller Staff in attendance: Bryant Powell, District Manager Matt Busby, Assistant District Manager Jennifer Pena, District Clerk Joel Stern, District Attorney Angelie Hawley, District Treasurer Connie Chow, District Controller Kimberly Heldt, District Purchasing Administrator Casey Roets, District Management Analyst Eli Richardson, Management Analyst Rob Wisler, Management Analyst C. Agenda Items 1. Approval of minutes of special meeting of March 19, 2024. Chair Wilson called for a motion. Boardmember Heck moved that the minutes be approved, seconded by Vice Chair Schroeder. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Nesser,Boardmember Cross,andBoardmember Soller No 0 2. Presentation, discussion and public hearing on the final assessment for Superstition Vistas Community Facilities District No. 1, Assessment Area No. 3. Chair Wilson opened the public hearing at 6:02 p.m. No members of the public were present and wished to speak.Chair Wilson closed the public hearing at 6:02 p.m. City of Apache Junction,Arizona Pagel Superstition Vistas Community Special Meeting Minutes April 16,2024 Facilities District No. 1 Zach Sakas, Esq. of Greenberg Traurig, outside counsel for the Superstition Vistas Community Facility District presented to the Board that the District Engineer has reported that all work related to the project has been completed in accordance with the approved plans and specifications. He also explained the two resolutions to be considered for a vote after the public hearing. 3. Presentation, discussion and consideration of Resolution No. 2024-003 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the final assessment for Assessment Area No. 3, determining that the work has been completed in accordance with the approved plans and specifications, and ordering the collection of the assessment in Assessment Area No. 3. Chair Wilson called for a motion. Boardmember Soller moved that the resolution be approved, seconded by Boardmember Johnson. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Nesser,Boardmember Cross,andBoardmember Soller No 0 4. Presentation, discussion and consideration of Resolution No. 2024-004 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1, authorizing the issuance of the District's Assessment Area No. 3 Special Assessment Bonds, Series 2024; approving the form and authorizing the execution and delivery of related documents; awarding the bonds to a purchaser; appointing a registrar, transfer agent and paying agent for the bonds; and authorizing the taking of other actions securing the payment of and relating to the bonds. Chair Wilson called for a motion. Boardmember Cross moved that the resolution be approved, seconded by Boardmember Nesser. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Nesser,Boardmember Cross,andBoardmember Soller No 0 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 6:07 p.m. ACCEPTED THIS DAY OF 2024, BY THE CHAIR PERSON AND DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 , (CITY OF APACHE JUNCTION, ARIZONA). City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes April 16,2024 Facilities District No. 1 SIGNED AND ATTESTED TO THIS DAY OF 2024. WALTER"CHIP"WILSON Chairperson ATTEST: JENNIFER PENA District Clerk SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 MINUTES CERTIFICATION I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the special meeting of Superstition Vistas Community Facilities District No. 1 of the City of Apache Junction, Arizona, held on the 16th day of April, 2024. 1 further certify that the meeting was duly called and held and that a quorum was present. Dated this day of 2024. JENNIFER PENA District Clerk City of Apache Junction,Arizona Page 3 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.2. File ID: 24-365 Sponsor:Angelie Hawley Agenda Date:6/18/2024 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion, and consideration of Resolution No. 2024-005 SVCFD No. 1, approving the proposed District budget for Fiscal Year 2024/25 and ordering a hearing on and calling for public testimony on the District budget. City of Apache Junction,Arizona Page 1 Printed on 611112024 RESOLUTION NO. 0 4-005 SVC,CFD NO. RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES IST IC" APPROVING PROPOSED SRS DIS`IRic,' BUDGET FOR FY 2024/25 AND ORDERING A HEARING RIN ON SUCH BUDGET AS APPROVED WHEREAS, pursuant to Arizona Revised Statutes " . R..S ") 4 -- 1 , the Treasurer of Superstition Vistas Community unity Facilities District ict No. 1 (the "District"') prepared and submitted to the Board of Directors of the District (the "District Bard"") for approval a proposed District budget for fiscal year "FY" 0 4 5 (the "Proposed Budget") ; and WHEREAS, the Proposed Budget sets forth the annual statements and estimates of the operation and maintenance expenses, together with the debt t service payment, of the District for FY 024 5, as required by C. R. S. § 48- S C ; and WHEREAS, pursuant to A,R. S. § 4 --72S (C) , the District Board filed the Proposed Budget with the clerk of the Ci,ty of Apache Junction, Arizona, who serves as the "clerk of the District, prior to May 29, 2024 . NOW, THEREFORE, BE IT RESOLVED B`E THE BOARD OF DIRECTORS TORS OF SUPERSTITION ITIO VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, AS FOLLOWS: SECTION I 3p2.Loyal of the ProDosed Bud -Et They Proposed Budget submitted to the Distract Board and attached as Exhibit A b r td is hereby approved and a hearing on the Proposed Budget is hereby ordered as required by law. SECTION Notice f Hearin Publication of the notice f the public hearing on the Proposed Budget in the form attached hereto as Exhibit 5, which was published in accordance with the provisions of A. R. S. § 4 - I , is hereby ratified, approved and adopted. SECTION Effective Eat This resolution is effective lr ediataly. RESOLUTION NO. 024-0 5 SV'CFD NO. I. PAGE I OF PASSED ND ADOPTED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO.; 1., THIS 8TB DAY OF JUNE, 2024 . SIGNED AND ATTESTED TO THIS 18TH DAY OF JUNE, ;202 WAL T P "CHIP" W T SON Chairman, Board of Directors ATTEST District Clerk APPROVED AS TO FORM: ;e 6-3-24 �TCBAPB JOEL STERN District Counsel Exhibit z Proposed Budget 'Y 202 ExhibitB Notice of Hearing RESOLUTION NO. 2024-005 SVCFD NO.. t PAGE 2 OF 2 EXHIBIT SUPERSTITION VISTAS COMMUNITY FACILITIESSTRICT Nb 1 PROPOSED GET SOURCES BEGINNING FUND BALANCE REVENUES Developer Contribution 50,000 Property Tax 8,200 Gen. Ob. Bond Property Tax 91,000 Special Assessments (including from capitalized interest) 725, 000 Contingency (Additional land patented and is taxable, and assessment prepayments) 120,000 } TOTAL $ 994,200 FINANCINGOTHER SOURCES Gan. Ob. Bernd Proceeds $ 200,000 Sp. Assessment Bond Proceeds 61000, 000 Contingency (Adjustments to final assessed valuation or bend repayment schedule) 4, 000, 00 TOTAL OTHER FINANCING SOURCES S 10, 2 3, 0 `SOT � 11 11 4 tgt USES EXPENSES - DEBT SERVICE Gen. Ob. Bernd Principal $ 105,000 Gen. Ob. Bond Interest , g00 p. Ass t, Bind Principal 73, 000 p. Assmt» Bond Interest 248, 100 Funk Fees 5,000 TOTAL EXPENSES DEBT SERVICE 436, 100 EXPENSESCAPITAL Gen.. Ob Bernd Acquisition of Public Infrastructure $ 45, 000 p, Assrrta Bond Acquisition of Public Infrastructure 4, 980,000 Bond Costs of Issuance 111001000 Appraisal Fees 1 n,000 District Engineer Fees 60,1000 Contingency for Additional Acquisition of Public Infrastructure 4, 000,000 TOTAL EXPENSES - CAPITAL $10, 200,000 RESOLUTION NO. 2024-005 SVCFD NO. EXHIBIT A PAGE I F 2 EXPEND - OPERATIONS Administration 300, 000 CFD Development Agreement Transfer Ida, 0 Legal 5, 000 Insurance 7, Contingency 208, 100 TOTAL EXPENSES - OPERATIONS , 1 0 TOTAL USES114 SOURCES MORE/ (LESS) THAN USES ENDING FUND BALANCE ESOLUTIO NO. 4- ? VCFD NO. 1 EXHIBIT 'AGE 2 Off' EXHIBIT B SUPERSTITION VISTAS COMMUNITYFACILITIES "FBI NO. NOTICE OF HEARING ON THE PROPOSED BUDGET FOR OF SUPERSTITION I VISTAS NITY FAcILITIES DISTRICT Pursuant to Arizona Revised Statutes " .R. S. ") 48- 716 and - 23 , notice is hereby given that a public hearing n the Proposed Budget of the Superstition Vistas Community Facilities District No. 1. for FY 202 3 will be held by the District Board on June 18, 2024, t ECG p.m. in the Apache Junction Council Chambers located at 300 E. Superstition Boulevard, Apache Junction, Arizona. A copyf the Proposed Budget is on file with the Clerk f the City of Apache Junction, Arizona/DistrictClerk of SuperstitionVistas Community Facilities District No. 1, at the City of Apache Junction located at 30 E. Superstition Boulevard, Building Cw Apache Junction, Arizona 11 , telephone number ( C ) - 02. This notice also constitutes notice of the filing f the estimate as required by DATED this day of , 2024 . Isl District Clerk District l rl Superstition Vistas Community Facilities District . EXHIBIT' R City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 3. File ID: 24-372 Sponsor:Angelie Hawley Agenda Date:6/18/2024 Index: In Control: Superstition Vistas Community Facilit Public hearing regarding the proposed Fiscal Year 2024/25 District budget for Superstition Vistas Community Facilities District No. 1. City of Apache Junction,Arizona Page 1 Printed on 611112024 RESOLUTION NO. 0 4-005 SVC,CFD NO. RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES IST IC" APPROVING PROPOSED SRS DIS`IRic,' BUDGET FOR FY 2024/25 AND ORDERING A HEARING RIN ON SUCH BUDGET AS APPROVED WHEREAS, pursuant to Arizona Revised Statutes " . R..S ") 4 -- 1 , the Treasurer of Superstition Vistas Community unity Facilities District ict No. 1 (the "District"') prepared and submitted to the Board of Directors of the District (the "District Bard"") for approval a proposed District budget for fiscal year "FY" 0 4 5 (the "Proposed Budget") ; and WHEREAS, the Proposed Budget sets forth the annual statements and estimates of the operation and maintenance expenses, together with the debt t service payment, of the District for FY 024 5, as required by C. R. S. § 48- S C ; and WHEREAS, pursuant to A,R. S. § 4 --72S (C) , the District Board filed the Proposed Budget with the clerk of the Ci,ty of Apache Junction, Arizona, who serves as the "clerk of the District, prior to May 29, 2024 . NOW, THEREFORE, BE IT RESOLVED B`E THE BOARD OF DIRECTORS TORS OF SUPERSTITION ITIO VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, AS FOLLOWS: SECTION I 3p2.Loyal of the ProDosed Bud -Et They Proposed Budget submitted to the Distract Board and attached as Exhibit A b r td is hereby approved and a hearing on the Proposed Budget is hereby ordered as required by law. SECTION Notice f Hearin Publication of the notice f the public hearing on the Proposed Budget in the form attached hereto as Exhibit 5, which was published in accordance with the provisions of A. R. S. § 4 - I , is hereby ratified, approved and adopted. SECTION Effective Eat This resolution is effective lr ediataly. RESOLUTION NO. 024-0 5 SV'CFD NO. I. PAGE I OF PASSED ND ADOPTED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO.; 1., THIS 8TB DAY OF JUNE, 2024 . SIGNED AND ATTESTED TO THIS 18TH DAY OF JUNE, ;202 WAL T P "CHIP" W T SON Chairman, Board of Directors ATTEST District Clerk APPROVED AS TO FORM: ;e 6-3-24 �TCBAPB JOEL STERN District Counsel Exhibit z Proposed Budget 'Y 202 ExhibitB Notice of Hearing RESOLUTION NO. 2024-005 SVCFD NO.. t PAGE 2 OF 2 EXHIBIT SUPERSTITION VISTAS COMMUNITY FACILITIESSTRICT Nb 1 PROPOSED GET SOURCES BEGINNING FUND BALANCE REVENUES Developer Contribution 50,000 Property Tax 8,200 Gen. Ob. Bond Property Tax 91,000 Special Assessments (including from capitalized interest) 725, 000 Contingency (Additional land patented and is taxable, and assessment prepayments) 120,000 } TOTAL $ 994,200 FINANCINGOTHER SOURCES Gan. Ob. Bernd Proceeds $ 200,000 Sp. Assessment Bond Proceeds 61000, 000 Contingency (Adjustments to final assessed valuation or bend repayment schedule) 4, 000, 00 TOTAL OTHER FINANCING SOURCES S 10, 2 3, 0 `SOT � 11 11 4 tgt USES EXPENSES - DEBT SERVICE Gen. Ob. Bernd Principal $ 105,000 Gen. Ob. Bond Interest , g00 p. Ass t, Bind Principal 73, 000 p. Assmt» Bond Interest 248, 100 Funk Fees 5,000 TOTAL EXPENSES DEBT SERVICE 436, 100 EXPENSESCAPITAL Gen.. Ob Bernd Acquisition of Public Infrastructure $ 45, 000 p, Assrrta Bond Acquisition of Public Infrastructure 4, 980,000 Bond Costs of Issuance 111001000 Appraisal Fees 1 n,000 District Engineer Fees 60,1000 Contingency for Additional Acquisition of Public Infrastructure 4, 000,000 TOTAL EXPENSES - CAPITAL $10, 200,000 RESOLUTION NO. 2024-005 SVCFD NO. EXHIBIT A PAGE I F 2 EXPEND - OPERATIONS Administration 300, 000 CFD Development Agreement Transfer Ida, 0 Legal 5, 000 Insurance 7, Contingency 208, 100 TOTAL EXPENSES - OPERATIONS , 1 0 TOTAL USES114 SOURCES MORE/ (LESS) THAN USES ENDING FUND BALANCE ESOLUTIO NO. 4- ? VCFD NO. 1 EXHIBIT 'AGE 2 Off' EXHIBIT B SUPERSTITION VISTAS COMMUNITYFACILITIES "FBI NO. NOTICE OF HEARING ON THE PROPOSED BUDGET FOR OF SUPERSTITION I VISTAS NITY FAcILITIES DISTRICT Pursuant to Arizona Revised Statutes " .R. S. ") 48- 716 and - 23 , notice is hereby given that a public hearing n the Proposed Budget of the Superstition Vistas Community Facilities District No. 1. for FY 202 3 will be held by the District Board on June 18, 2024, t ECG p.m. in the Apache Junction Council Chambers located at 300 E. Superstition Boulevard, Apache Junction, Arizona. A copyf the Proposed Budget is on file with the Clerk f the City of Apache Junction, Arizona/DistrictClerk of SuperstitionVistas Community Facilities District No. 1, at the City of Apache Junction located at 30 E. Superstition Boulevard, Building Cw Apache Junction, Arizona 11 , telephone number ( C ) - 02. This notice also constitutes notice of the filing f the estimate as required by DATED this day of , 2024 . Isl District Clerk District l rl Superstition Vistas Community Facilities District . EXHIBIT' R City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.4. File ID: 24-380 Sponsor:Angelie Hawley Agenda Date:6/18/2024 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion, and consideration of Resolution No. 2024-006 SVCFD No.1, adopting the District budget for Fiscal Year 2024/25 and ordering a tax levy. City of Apache Junction,Arizona Page 1 Printed on 611112024 RESOLUTION TION NO. 2024 006 SVCF'E NO. i. -RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNi,rY FACILITIES DISTRICT NOC ADOPTING THE DISTRICT BUDGET FOR F Y 2024 2 AND LEVYING A TAX. WHEREAS, pursuant to Arizona Revised Statutes ` A.R.S . " S--" ICE, the Treasurer of Superstition Vistas Community Facilities District No. I (the "District") prepared and submitted to the Board of Directors f the District (the "District Board"') for ppr v proposed District budget for fiscal year E 2 24 "2 (the "Proposed Budget") ; and WHEREAS, the Proposed Budget sets forth the annual statements and estimates of the operation and maintenance expenses of the District for FY 202 2 , as required by A.R. S. § 45- 2 C and WHEREAS, n June 18, 2024, the District Board adapted Resolution No. 2024-0 f SVC F NO. i , approving the Proposed Budget and ordering a hearing on the Proposed Budget as required by law; and WHEREAS, as required by Ag F. S. §§ 4 -716 and -- 23 (C) , notice f the public hearing n the Proposed Budget and of the filing : f the estimate, in the form attached hereto as Exhibit A, was published not boss than ten days prior to the date hereof in a newspaper of general circulation in the District and was mailed to the clerk of the City of Apache Junction, Arizonan and WHEREAS, a public hearing was held on the date hereof. NOW, THEREFORE, BE IT RESOLVED BY THE DISTRICT T BOARD OF SUPERSTITION VISAS COMMUNITY `ACILITIES DISTRICT NCB» I, AS FOLLOWS: SECTION I Adoption of Proposed Bud t "he Proposed Budget in the form attached hereto as Exhibit E is hereby approved and adopted as the final. District budget for F"Y 2024/2 RESOLUTION No 2024-006 SVCE'D NO. 1 FADE 1 OF 2 A tax leery (the "Tax Levy"') in the form attached hereto Exhibit C is hereby ordered, approved and adopted, and the District Clerk s hereby .r ct d to deliver certified i s of the Tax Levy to the R.inal County (Arizona) Board of Supervisors, to the Arizona Department of Revenue, nd to any entity y acting as trustee r any District bands. SECTION S Effective Sate This Resolution is effective immediately. PASSE; AND ADOPTED E Y THE CARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRicr No. 1., THIS S 18TH DAY OF JUKE, 2 24 � SIGNED AND ATTESTED TO THIS 18TH DAY CR JUN , 2024 , lA TER ` CHIP" WILSON Chairman, Board of Directors ATTEST: District Cry APPROVED AS TOFORM: ,�Me- G-3-2i� District Counsel ATTACHMENTS: Exhibit A Notice of Hearing Exhibit Adopted Budget FY 2 4/2 Exhibit C Tax Leery RAGE 2 OF 2 EXHIBIT A SUPERSTITION T COMMUNITY CILIT DISTRICT . NOTICE IN REQuIRED By A.R.S. §§ 4 4 - ON THE PROPOSED BUDGET T FOR OF SUPERSTITION VISTAS IT" ° T T'T DISTRICT Pursuant to ArizonaRevised Statutes "A< R. S. ") 48- 716 and 48-723 ) , notice is hereby given that a public hearing on the Proposed Budget of the Superstition Vistas Community Facilities District No. 1 for Fps` 2 24/25 will. be held by the District Beard on June 1. , 2024 , at 6: 00 p.m. in the Apache Junction Council. Chambers located at 300 E. Superstition Boulevard, Apache Junction, Arizona. A copy of the Proposed Budget is on file with the Clerk of the City of Apache Junction, Arizona/District Clerk of Superstition Vistas Community Facilities District No. i, at the City of Apache Junction located at 300 E. Superstition Boulevard, BUilding C, Apache Junction, Arizona 85119, telephone number 45 ) 2- 2� This notice also constitutes notice of the filing of the estimate as required by A.R: S. § 4 ` 23 (C) . DATED this day of 202 / / District Clerk District Clerk_ Su er: titic tl Vistas Community Facilities ies ista icta No. 1 Hil ' A EXHIBIT B SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. ADoPTEj:> BUDGET SOURCES BEGINNING REVENUES Developer Contribution k 50,000 O&M Property Tax e ,200 Gen. tab: Bond Property Tax 91, 000 Special Assessments 725, 000 (including from capitalized interest Contingency (Additional land patented and is taxable, and assessment prepayments) 120, 000 TOTAL REVENUES $ 994, 200, OTHER FINANCINGS Gen: Cab*_ Band Proceeds 200, 000 :gip. Assessment Bond Proceeds 6,000, 000 Contingency cy Ad ustr e is to final assessed valuation or bond repayment schedule) 4, 000, 000 TOTAL OTHER FINANCING SOURCES $10,200, 000 TOTAL SOURCES ,, 19 , Q USES EXPENSES - DEBT SERVICE Gen. ON. Bond Principal 105,000 Gen, Ob. Bond Interest 5,000 Sp. Assist. Band Principal '7 , 00 Sp. ;Asst. Band Interest 2,48, 100 Bank Fees 5, 000 TOTAL EXPENSES_. DEBT SERVICE 436, 100 EXPENSES CAPITAL Geri; Ob Band Acquisition o Public Infrastructure ,000 Bp. Assort. Bond Acquisition of Public Infrastructure 4,980, 000 Bond Casts of Issuance 111001000 Appraisal Bees -.5, 000 District Engineer Fees 60, 000 Contingency for Additions Acquisition of Public Infrastructure 4,000,000 TOTAL EXPENSES CAPITAL $10,200, 000 RESOLUTION NO. 02 --006 SVCFD NO. l EXHIBIT B BACK 1 OF EXPENSES - OPERATIONS Administration 5 , 5 CFD DevelopmentAgreement Transfer 15,000 Legal 5,000 Insurance 30, 000 Contingency 8, TOTAL EXPENSES - OPERATIONS $ 558, 100 TOTAL1 5 SOURCES ORE (LESS) THAN USES ENDING FUND BALANCE RESOLUTION NO. 2024-006 :S :'CF"C NO. EXHIBIT PAGE 2 OF EXHIBIT C SUPERSTITION VISTAS CommuNiTy FACILITIES DISTRICT No. PURSUANT To RESOLUTION No. 2024-006 SVCFD No. 1 passed can Jena 18, 2024 by the Board of Directors of Superstition Vistas Community Facilities District No. 1 (the "'District"') , it is hereby ordered ered levying an ad valoremtax on the net assessed limited property value of all taxable property itwhi the District for FY 2024/25, such tax levy to be apportioned as follows: it at a rate equal t $ . 0 per $100 . 00 of net assessed limited property value for the purpose of operation and maintenance expensed of the District; provided, however, that such rate shall not exceed $0 . 30 per $100.00 of net assessed limited property value, and (ii:) at a rate equal to $3. 30 per $100. 00 of net assessed limited property value for the purpose of paying the principal of and interest on general obligation bond indebtedness to be in U:rrad during FY 20 4/25. A map of the i.stri is attached hereto as Appendix A. Chairman istfic°t Board Superstition Vistas Cormnunity Facilities District o. i TES lstricrt C1.e—rk,— Superstition Vistas Community Facilities s District No. 1 RESOLUTION too. 24--006 SVCFD NO. 1 APPENDIX A LLL101 AVENCIE 44 . 1 1, 7 WARNER AVENUE AYAVENUE 4 Horz, I in,=2000 ft. BOUNDARYSUPERSTITION VISTAS NOT CFD NO.I I I FOR CONSTRUCTION OR CST t92 1 t7' 1 9 RECORDING JOB NO, _ 205166 DESIGN CW CHECK DRAWN ew RFI# SUPERSTITION VISTAS . ROLL CALL DATE: - TIME: �. YES I FXCLISFD SIC VICE CHAIRPERSON SCHROEDER B }ARDMFMBER CROSS BC ARDMEMBBR HECI B{ ARDMEMBER J I~ NSC I BCARDMFMBER NESSER BC AR 3M MBER SC LLER District Manager Bryant Powell ' Assistant District Manager Matt Busby District Clerk Jennifer Pena Deputy District Clerk Fvi`e McKinney x District Attorney Joel Stern District Director Mike Loggins District Treasurer Connie Clow District Administrative Assistant Rita Vineyard District Billing Supervisor Stacey Ramirez District Controller Angelie Hawley Utility Director Ted Wolff District Project Manager Charles Briggs Public Information Officer Kayla Fulmer Finance Kimberly erly Hel It S:\Templates& For rn\Roll Call-SVCFQ NO 2 and 2-Attu ndance.d c SUPERSTION VISTAS CFD Nth► 1. VOTE - ROLL CALL NOTES: ITEM # MEETING OF, MOTION BY. r SECONDED BY: YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER NECK BOARDMEMBER CROSS VICE CHAIRPERSON CHROEDER BOARDMEMBER NSER BOARDMEMBER JOHNSON BOARDMEMBER SOLLER CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAI. Vote sheet 4 s:\templates&forms\vote call-svcfd no 1.ddcx S lPERSTION VISTAS CFD NO 1.. VOTE ROLL CALL NOTES: 42 ITEM ## 31,, MEETING OF MOTION BY. � SECONDED BY S [(,-en YES NO ABSTAINED BOARD MEMBERS. BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEM ER JOHNSON VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER BOARDMEMBER SOLLE CHAIRPERSON WILSON ,t _TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED ry TOTAL- Vote sleet 5 s:\templates& farms\vote call-svcfd no 1.docx SUPERSTION VISTAS CFD NO 1. VOTE - ROLL CALL NOTES. 17 ITEM 1 _ MEETING OF q MOTION BY. SECONDED BY: YES NO ABSTAINED BOARD MEMBERS: VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER BOARDMEMBER HECK BOARDMEMBER SOLLER BOARDMEMBER JOHNSON BOARDMEMBER CROSS t CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL ` Vote sheet 6 s.\templates&forms vote call-svcfd no 1.docx CH CITY OF APACHE-JUNCTION SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 Tuesday, June 18, 224 A. CALLTO ORDER I would like to call the Superstition Vistas Community Facilities District No. 1 Meeting of June 18, 2424, to order and ask everyone to put their cell phones on silent. B. ROLL CALL C. AGEN }A 1. Consideration of approval of the minutes of the special meeting of April 16, 2024. Do I have a motion? wait or the motion and the 2nd. Roll Call 2. Presentation, discussion, and consideration of Resolution No. 2024-005 SVCFD No. 1. Any discussion among the board? Boord con discuss. Call can Zah Salsas, CFD Counsel' Do l have a motion? Wait for the motion crud.second. Roll Call 3. PUBLIC.IC TEARING on the FY 2024/25 district budget. Call on Zach I will now open the public hearing. public con speak,fdr 5 miry. Would anyone like to speak on these items? Any discussion among the Board? I will now close the public hearing. There is no motion on this it 4. Presentation, discussion, and consideration of Resolution No 2024-006 SVCFD No. 1 Call on Zach' Any discussion among the board? Board can discuss. Do'I have a motion? Wait or the motion and second. Roll Call E. DISTRICT MANAGER REPORT- none F. DISTRICT DIRECTOR REPORT- none G. DISTRICT TREASURER REPORT- none N. ADJOURNMENT Meeting Adjourned, 06 18/2024 MOTIONS ITEM NO. 'I -- APPROVAL. 4F MINUTES I MOVE THAT THE MINUTES OF THE APRIL 1 , 0 4, SPECIAL MEETING (BE APPROVED) OR (BE DENIED). ITEM NO. 2 1 MOVE THAT RESOLUTION NO. 2524-005 SVCFD NO.1 A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING A PROPOSED DISTRICT BUDGET FOR FY 2024/25 AND ORDERING A HEARING ON SUCH BUDGET AS APPROVED (BE APPROVED) OR (BE DENIED). ITEM NO. _4 1 MOVE THAT RESOLUTION NO. 2024-006 SVCFD NO. 1 A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 ADOPTING THE DISTRICT BUDGET FOR FY 20 4/25 AND LEVYING A TAX (BE APPROVED) OR (BE DENIED).