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HomeMy WebLinkAbout2024 08.20 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,August 20,2024 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 4- 47 Approval of minutes of special meeting of June 18, 2024. Sponsors. Angelie Hawley Attachments: Minutes 061824 S�eciai Meeting 2. 24-662 Public Hearing on the feasibility report for a proposed project to be financed by the issuance of the Superstition Vistas Community Facilities District No. 1 Assessment Area No. 4 Special Assessment Bonds. Sponsors: Angelie Hawley Attachments: FEAST REPORT SVCFD 1 AA4 SAB Srs 24 8-13-24 vF 3. 24-669 Presentation, discussion and consideration of Resolution No. 2024-007 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 relating to approval of the feasibility report for the acquisition and financing of certain improvements benefiting the district; approving the prior giving of notice of hearing relating to the feasibility report; declaring the district board's intention to acquire the improvements described in the feasibility report; forming an assessment district; determining that special assessment bonds may be issued to finance the costs and expenses of the improvements; declaring the improvements to be of more than local or ordinary public benefit and that the costs of the improvements will be assessed upon Assessment Area No. 4; and ordering the public infrastructure projects performed. Sponsors: Angelie Hawley Attachments: FEAST REPORT SVCFD 1 AA 4 SAB Srs 24 8-13-24 vF SV CFD 1 AA 4 Waiver and Development Agreement NTC-SVCFD 1 AA 4 2024-Notice of Feasibility_Hearing RES-2024-007 SVCFD No. 1 AA4 Assessment Bonds 2024-1 City of Apache Junction,Arizona Page 1 Printed on 811512024 Superstition Vistas Community Special Meeting Agenda August 20,2024 Facilities District No.1 4. 24-677 Presentation, discussion, and consideration of Resolution No. 2024-008 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the levying of an assessment and assessment diagram for Assessment Area No. 4 within the district. Sponsors. Angelie Hawley Attachments: RES-2024-008 SVCFQ No, 1 AA4 2024-Resolution i n pproy 700799495 v 1 SV CFD No 1 AA4-Assessment DiagLqm ar EL D. District Manager Report E. District Director Report - Presentation and discussion of the following items: F. District Treasurer Report - Presentation and discussion G. Adjournment Copies of this agenda and additional information on any of the items listed above may be obtained from the office of the city clerk/district 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 intemet conferencing. City of Apache Junction,Arizona Page 2 Printed on 811512024 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 1. File ID: 24-547 Sponsor:Angelie Hawley Agenda Date:8/20/2024 Index: In Control: Superstition Vistas Community Facilit Approval of minutes of special meeting of June 18, 2024. City of Apache Junction,Arizona Page 1 Printed on 8/15/2024 City of Apache Junction, 300 Arizona 00 E Su unpcil Chamber erstition Blvd Apache Junction,AZ 85119 Special Meeting Minutes 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 Chair Wilson called the meeting to order at 6:03 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 Evie McKinney, Deputy District Clerk Joel Stern, District Attorney Mike Loggins, District Director Rita Vineyard, District Admin Assistant Stacey Ramirez, District Billing Supervisor Charles Briggs, District Project Manager Kayla Fulmer, Public Information Officer Rob Wisler, District Management Analyst Eli Richardson, District Management Analyst C. Agenda Items 1. Approval of minutes of Superstition Vistas Community Facilities District No. 1 special meeting of April 16, 2024. Chair Wilson called for a motion. Boardmember Heck moved, Boardmember Cross moved. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Nesser,Boardmember Cross,andBoardmember Soller No 0 2. 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 Pagel Superstition Vistas Community Special Meeting Minutes June 18,2024 Facilities District No. 1 Chair Wilson called for a motion. Boardmember Cross moved,seconded by Boardmember Soller. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Nesser,Boardmember Cross,andBoardmember Soller No 0 Zach Sakas, Esq. of Greenberg Trauig, outside counsel for the Superstition Vistas Community Facilities Districts presented the Resolution to the Board. Boardmember Heck asked a question about the operating/admin budget and if that is related to payroll. Mr. Zakas explained that since the CFD is a separate legal entity, city staff wears two hats, and the CFDs need to make sure staff is compensated for the time spent working on the CFDs. 3, Public hearing regarding the proposed Fiscal Year 2024/25 District budget for Superstition Vistas Community Facilities District No. 1. Chair Wilson opened the public hearing at 6:07 p.m. No members of the public were present and wished to speak.Chair Wilson closed the public hearing at 6:07 p.m. 4. 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. Chair Wilson called for a motion. Boardmember Heck moved, Boardmember Nesser seconded. 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 F. District Treasurer Report G. Adjournment Chair Wilson adjourned the meeting at 6:11 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). SIGNED AND ATTESTED TO THIS DAY OF 2024. WALTER"CHIP"WILSON Chairperson City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes June 18.2V24 Facilities District No. 1 ATTEST: JENN|FERPENA District Clerk SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1MINUTES CERTIFICATION | 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 18th day of June, 2024. | further certify that the meeting was duly called and held and that a quorum was present. Dated this day of . 2024. JENN|FERPENA District Clerk City vr Apache Junction,Arizona Page City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.2. File ID: 24-662 Sponsor:Angelie Hawley Agenda Date:8/20/2024 Index: In Control: Superstition Vistas Community Facilit Public Hearing on the feasibility report for a proposed project to be financed by the issuance of the Superstition Vistas Community Facilities District No. 1 Assessment Area No. 4 Special Assessment Bonds. City of Apache Junction,Arizona Page 1 Printed on 8/15/2024 FEASIBILITY REPORT For The Issuance of Not to Exceed $1,660,000 Principal Amount OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 ASSESSMENT AREA NO. 4 SPECIAL ASSESSMENT BONDS, SERIES 2024 Public Hearing Date: August 20, 2024 TABLE OF CONTENTS SECTION Introduction; Purpose of Feasibility Report; General Description of District ONE Description of Public Infrastructure TWO Map of the District Showing Location of Public Infrastructure and Area to be Benefited THREE Estimate of Costs and Timetable for Acquisition of Public Infrastructure FOUR Plan of Finance FIVE APPENDIX Legal Description for Assessment Area No. 4 1. Summary of Appraisal for Assessment Area No. 4 2 (Complete copy of appraisal report is available upon request) SECTION ONE INTRODUCTION; PURPOSE OF FEASIBILITY REPORT; GENERAL DESCRIPTION OF DISTRICT INTRODUCTION This Feasibility Report(this"Report")has been prepared for presentation to the Board of Directors of the Superstition Vistas Community Facilities District No. 1 (the "District") in connection with the proposed issuance by the District of its Assessment Area No.4 Special Assessment Bonds, Series 2024(the "Bonds") in a principal amount of not to exceed$1,660,000,pursuant to the Community Facilities District Act of 1988, Title 48, Chapter 4,Article 6 of Arizona Revised Statutes("A.R.S."). PURPOSE OF FEASIBILITY REPORT This Report has been prepared for consideration of the feasibility and benefits of the Public Infrastructure(as defined in A.R.S.Section 48-701)to be financed by the Bonds(the"Public Infrastructure") and of the plan for financing the Public Infrastructure in accordance with the provisions of A.R.S.Section 48- 715. Pursuant to A.R.S. Section 48-715, this Report includes (i) a description of the Public Infrastructure to be financed—Section Two; (ii) maps showing, in general, the location of the Public Infrastructure and the area to be benefited by the Public Infrastructure—Section Three; (iii)an estimate of the cost to acquire, operate and maintain the Public Infrastructure and timetable for the acquisition of the Public Infrastructure —Section Four; and(iv)a plan for financing the Public Infrastructure—Section Five. This Report has been prepared for the consideration of the Board of Directors of the District only.It is not intended or anticipated that this Report will be relied upon by other persons,including,but not limited to,purchasers of the Bonds. This Report does not attempt to address the quality of the Bonds as investments or the likelihood of repayment of the Bonds. In preparing this Report,financial advisors,appraisers,counsel, engineers, District staff, City (as defined herein) staff and other experts have been consulted as deemed appropriate. GENERAL DESCRIPTION OF THE DISTRICT The District consists of approximately 1,375 acres of a larger 2,783-acre project within the City of Apache Junction, Arizona (the "City"), where D. R. Horton, Inc., a corporation organized and existing pursuant to the laws of the State of Delaware (the "Developer"), was the successful bidder at the public auction conducted by Arizona State Land Department("ASLD")and pursuant to the terms of the Certificate of Purchase 53-120190 executed November 12, 2020, as thereafter amended. The Developer is now developing the mixed use, master planned community known as Radiance at Superstition Vistas, on approximately 1,375 acres of a larger 2,783-acre project (the "Project"). The Project is located east of Meridian Road,west of Ironwood Drive,south of Radiance Avenue and north of Ray Avenue. Construction on the Project commenced in November 2021, and the first home closings occurred in June 2023. Single family residential units represent approximately 700 acres within the Project.Non-residential development comprises approximately 675 acres within the Project and includes churches, government,police and fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The real property comprising Assessment Area No.4 consists of 332 lots(the"Assessed Lots")and is approximately 48 acres. The Assessed Lots have been finally established by the approval of final plats by the City, and all of the Assessed Lots will be developed by the Developer. ONE- 1 The following chart characterizes the approximate acreage within the District as well as the acreage within Assessment Area No.4,which is fully within the boundaries of the District. Approximate Approximate Assessment Area Total District District Acres No. 4 Lot Area Acres Single Family Residential 700 48 Non-Residential(a) 675 0 Total 1,375 48 (a) Includes churches,police and fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The District was created to assist with financing the acquisition of public infrastructure and public infrastructure purposes, including the Public Infrastructure, within the District. See Section Two for a description of the Public Infrastructure to be financed with a portion of the proceeds of the Bonds. A legal description of Assessment Area No. 4 is included in Appendix 1. Maps of the District, Assessment Area No. 4, including the location, in general, of the Public Infrastructure, are included in Section Three. The proposed acquisition of the Public Infrastructure as defined in this Report is consistent with the approved General Plan for the District. ONE- 2 SECTION TWO DESCRIPTION OF PUBLIC INFRASTRUCTURE DESCRIPTION OF PUBLIC INFRASTRUCTURE The Public Infrastructure subject to this Report has been publicly bid pursuant to State statutes and District guidelines and will be financed by the Bonds and/or subsequent bond issues and other sources, if necessary. It is expected that the Public Infrastructure listed below will be acquired from the Developer with estimated cost and construction timing as noted. Total Certified Eligible for Funding Acquisition Project Estimated Engineer's Paid by Prior from Bonds and Completion Description Cost Cost Bonds Future Bonds Date* Radiance Avenue 1. Phase IA (SVR $2,201,330 $2,201,330 $0 $2,201,330 April 2024 W003, TR003, LS003) 2. Phase 113 (SVR 4,192,822 4,192,822 0 4,192,822 April 2024 NP001, TR003B, LS003B) Total $6,394,152 $6,394,152 $0 $6,394,152 * Completion represents the date by which the Public Infrastructure was constructed,which may differ by the date that it was accepted by the City or other governmental entities,as applicable. The Public Infrastructure consists of a roadway within the District known as Radiance Avenue, and includes construction of approximately 2,300 lineal feet within.Phase IA and 4,200 lineal feet within Phase 1B including eighty-three feet (83') of right-of-way street improvements with four and one-half inches (4'/z") of asphaltic concrete over an asphalt base course subgrade of eight inches (8"), and vertical curb, storm drain, storm drain manholes, catch basins, water fire hydrants, water valves, non-potable water, six foot (6') detached concrete sidewalks, concrete ramps, pavement, pavement striping, traffic signage, dry utilities, street lighting, and landscaping. All improvements are shown on the plans sealed by the engineer or the landscape architect and approved by the City,which may be amended from time to time to allow for additional property uses adjacent to Radiance Avenue that are not yet known. The completion date for the Public Infrastructure was April 2024 and was accepted by the City in April 2024. Proceeds of the Bonds are reasonably expected to be used to finance the acquisition of all or a portion of the Public Infrastructure upon acceptance by the District and the City, or other governmental entities, as applicable, of such Public Infrastructure pursuant to the terms of the District Development, Financing Participation,Waiver and Intergovernmental Agreement(the"District Development Agreement"),recorded on February 23,2022, at Fee No. 2022-021689 in the records of Pinal County,Arizona(the"County"), and the terms and provisions of all applicable laws, ordinances, codes and rules. All interests in such Public Infrastructure financed by the District will be dedicated or otherwise transferred to the City or other governmental entities, as applicable, after acceptance. Additional portions of public infrastructure, as contemplated by the District's formational documents, may be constructed and will be subject to administrative approval by the District before such additional public infrastructure is eligible for funding from future bonds, if any. TWO- 1 SECTION THREE MAP OF THE DISTRICT SHOWING LOCATION OF PUBLIC INFRASTRUCTURE AND AREA TO BE BENEFITED The District rT " fit' . . . 777 ............ CF O, 1.375 Al R * WARNER _ ENUI ' .,;E } 2000 "b4RWV Horz, i i , THREE- 1 Assessment Area No. 4 LEGEND: ASSESSED€MPROkMENTS (RADIANCE AVENUES 7Lt ;J 4,4 7, NOT A PART OF ASSESSMENT �*,DISTRICT F ASSESSMENT AREA EXTENTS 7tr ,`�jm ..� LOT LINE INE ''� `_.,� I € { 3 I rie _ a, e ""°ae`'� ,,."'."".�•;• fa y-,.,,.,,_,,, - y v.,r r, too LOT NUMBER € I es am wr� a r F t Le w" r SHEET d-: r 7-- LOTS q2 ,d I ,5 r✓'"' -r d , ,�_ ;,, LOTS 12 3-1215 i� i ra�" f;f a 77 ECS S} P.. _a 4: LOT t { ' vo OX 3 I i 5 P 5flJ° V✓ HIFET 5 OTS 993 10T t '€Lt'3T:xj 0 4' 0, % r � } ICI € t7sM � 7416 7 OTS 7 � T,5Cra7E7 7R5 774p' col 3 rt KEY MAP - E THREE-2 SECTION FOUR ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE The table in Section Two outlines the cost estimate and completion dates for the construction of the Public Infrastructure. Proceeds of the Bonds, after payment of the costs of issuance,will be used to finance the acquisition of all or a portion of the Public Infrastructure projects listed in Section Two. Listed below is an estimated draw schedule of the proceeds of the Bonds for acquisition of the Public Infrastructure. Estimated Acquisition Public Infrastructure Price Completion Date(a) Funds Draw Date Radiance Avenue Phase $6,394,152 April 2024 October 2024 lA and Phase I Total $6,394,152 (a) Represents the date by which the Public Infrastructure was constructed,which may differ from the date that it was accepted by the City, or other governmental entities, as applicable. FOUR- 1 SECTION FIVE PLAN OF FINANCE PLAN OF FINANCE Below is a financing plan that describes the process for financing a portion of the Public Infrastructure benefiting the property within the Assessment Area No.4. This Plan of Finance is subject to modificationto accommodate market conditions at the time of the actual sale of the Bonds and to the extent necessary to comply with federal and State law. (i) Formation and Authorization. In response to a petition from the Developer, the City Council formed the District on October 5,2021.As contemplated by the District Development Agreement,the District has the authority to issue the Bonds. (ii) Proposed Bond Sale. The estimated debt service schedule for the Bonds is attached in this section as Table One. It is anticipated that the Bonds will be sold and delivered in October 2024. The amount shown on the cover of this Report is a not-to-exceed amount; the actual aggregate principal amount of the Bonds issued may be lower. It is currently estimated that the Bonds will have a final maturity of not more than 25-years and be structured to achieve generally level annual debt service. The Bonds will not be rated by any rating agency. (iii) Per Lot Assessment Amount The per residential lot assessment amount is expected to be no more than$5,000.00 at the time of issuance of the Bonds. The Developer currently expects that at the time of sale of a home to the buyer, this amount will be assumed by the homebuyer and the assessment payments made over time. The $5,000.00 per residential lot assessment results in an annual assessment payment of approximately $420 per home, or approximately $35 per month, assuming a 25- year maturity and a 6.50% interest rate. The special assessments are expected to be collected on behalf of the District by the Pinal County Treasurer's Office. FIVE- I (iv) Estimated Sources and Uses of Funds. The proceeds of the Bonds will be applied by the District to finance the acquisition of all or a portion of the Public Infrastructure listed in Section Two of this Report. The estimated sources and uses of funds related to the sale of the Bonds is: SOURCES: Principal Amount of Bonds $1,660,000.00 Total $1,660,000.00 USES*: Cost of Public Infrastructure $1,195,500.00 Debt Service Reserve Fund 1.40,000.00 Deposit to Bond Fund 132,000.00 (representing capitalized interest) Estimated Costs of Issuance 192,500.00 Total $1,660,000.00 ESTIMATED COSTS OF ISSUANCE* Underwriter's Compensation $27,500.00 Bond Counsel 80,000.00 Underwriter's Counsel 22,500.00 Financial.Advisor 38,000.00 District Engineer 15,000.00 Appraisal Fee 5,000.00 Registrar&Paying Agent 1,000.00 Miscellaneous 3,500.00 Total $192,500.00 (v) Value to Lien Ratio. Included as Appendix 2 is a summary of the appraisal relating to the parcels to be included in Assessment Area No. 4,prepared by Schnepf Ellsworth Appraisal Group,LLC on August 13, 2024. The appraisal demonstrates a value-to-lien ratio on a per lot basis of at least 19 to 1. A complete copy of the appraisal report is available upon request. (vi) Disclosure of Assessment Payments. A.R.S. Section 32-21.81 et seq. requires the disclosure of all property taxes and assessments to be paid by a homeowner in the Arizona Department of Real Estate Subdivision Public Report (the "Public Report"). The Developer must supply each of its homebuyers a Public Report and, prior to any home sale, the homebuyer must acknowledge by signature that they have read and accepted the Public Report. In addition, the Developer will require the homebuyer to sign an additional form that highlights and discloses the additional assessment payments as a result of District financing. Preliminary, subject to change. FIVE-2 (vii) Operation and Maintenance of Public Infrastructure. All infrastructure financed by the District will be dedicated to and accepted by the City,or other governmental entities, as applicable. The obligations pertaining to the operation and maintenance of the Public Infrastructure have been negotiated between the City, the District and the Developer and are set forth in the various development agreements among the parties. The administrative costs of the District and those costs associated with the operation and maintenance of the Public Infrastructure which are not the obligation of the City will be provided by several sources of funds: the levy of a $0.30 per $100 of net assessed limited property valuation ad valorem tax in the District(the"O&M Tax"),Homeowner's Association fees and Developer contributions, if any. (viii) Other District Information. Shown in the table below is the District's overlapping general obligation bonded indebtedness including a breakdown of each overlapping jurisdiction's applicable general obligation bonded indebtedness, net assessed limited property value and combined tax rate per $100 of net assessed limited property value. OVERLAPPING GENERAL OBLIGATION BONDED INDEBTEDNESS & OVERLAPPING NET ASSESSED LIMITED PROPERTY VALUES—2023/24 Portion.Applicable to the District(a) Total Tax 2023/24 General Proportion Applicable Rates Per$100 Net Assessed Obligation to the District(a) Net Assessed Limited Bonded Approximate Net Debt Limited Property Overlapping Jurisdiction Property Value Debt(b) Percent Amount Property Value(c) State of Arizona $ 83,026,530,244 None % 0.00 None None Pinal County 3,390,905,658 None 0.01 None $3.8810 (d) Pinal County Community College District 3,390,905,658 $ 51,445,000 0.01 $ 7,403 1.9200 Central Arizona Water Conservation District 3,390,905,658 None 0.01 None 0.1400 (d) East Valley Institute of Technology 862,566,705 None 0.06 None 0.0500 Apache Junction Unified School District No.43 536,976,475 6,825,000 0.09 6,202 4.1254 Superstition Fire&Medical District 521,438,586 1,338,000 0.09 1,252 3.5900 City of Apache Junction 198,538,048 None 0.25 None 0.0000 Superstition Vistas Community Facilities District No.1(e) 487,977 None 100.00 None 3.6000 $ 14,858 FIVE- 3 OVERLAPPING NET ASSESSED LIMITED PROPERTY VALUES—2024/25* 2024/25* Net Assessed Limited Overlapping Jurisdiction Property Value State of Arizona $ 88,425,611,337 Pin al County 3,772,91.7,917 Pinal County Community College District 3,772,917,91.7 Central Arizona Water Conservation District 3,772,917,917 East Valley Institute of Technology 937,089,484 Apache Junction Unified School District No.43 579,814,797 Superstition Fire&Medical District 563,075,279 City of Apache Junction 214,344,520 Superstition Vistas Community Facilities District No. 1(e) 2,731,381 * The 2024/25 values are subject to adjustments until approved by the Board of Supervisors of the County on or before August 19,2024. (a) Proportion applicable to Assessment Area No. 4 is not available. In future years, proportion applicable to the District will be used instead.For Tax Year 2023,portions of the land within the boundaries of the District were still owned by ASLD and therefore not subject to property taxes and assessed values were not assigned to such portions of the District. Because the area that encompasses Assessment Area No. 4 only encompasses the area shown on the maps in Section Three, which is a smaller area than the area of the District, these amounts are greater than what actually overlaps such area. If the assessed value within the District increases at a faster rate than the overlapping jurisdictions, the amount of overlapping debt allocated for payment within the District will increase. (b) Includes total stated principal amount of general obligation bonds outstanding. Does not include outstanding principal amounts of certificates of participation or revenue obligations outstanding for the jurisdictions listed above. Also does not include outstanding principal amounts of bonds of various assessment districts or areas as the obligations of these districts or areas are presently being paid from special assessments against property within the various districts or areas. Does not include authorized but unissued general obligation bonds of such jurisdictions which may be issued in the future. Also does not include the obligation of the Central Arizona Water Conservation District ("CAWCD") to the United States Department of the Interior the ("Department of the Interior"), for repayment of certain capital costs for construction of the Central Arizona Project("CAP"), a major reclamation project that has been substantially completed by U.S. Department of the Interior. In April of 2003, the United States and CAWCD agreed to settle litigation over the amount of the construction cost repayment obligation, the amount of the respective obligations for payment of the operation, maintenance and replacement costs and the application of certain revenues and credits against such obligations and costs. Under the agreement, CAWCD's obligation for substantially all of the CAP features that have been constructed so far will be set at $1.646 billion, which amount assumes (but does not mandate) that the United States will acquire a total of 667,724 acre-feet of CAP water for federal purposes. The United States will complete unfinished CAP construction work related to the water supply system and regulatory storage stages of CAP at no additional cost to CAWCD. Of the $1.646 billion repayment obligation, 73% will be interest bearing and the remaining 27% will be non-interest bearing. These percentages have been fixed for the entire 50-year repayment period, which commenced FIVE-4 October 1, 1993. CAWCD is a multi-county water conservation district having boundaries coterminous with the exterior boundaries of Arizona's Maricopa, Pima and Pinal Counties. The obligation is evidenced by a master contract between CAWCD and the Department of the Interior. CAWCD was formed for the express purpose of paying administrative costs and expenses of the CAP and to assist in the repayment to the United States' portion of the CAP capital costs. Repayment will be made from a combination of power revenues, subcontract revenues (i.e., agreements with municipal, industrial and agricultural water users for delivery of CAP water) and a tax levy against all taxable property within CAWCD's boundaries. At the date of this Report, the tax levy is limited to 14 cents per $100 of Net Assessed Limited Property value, of which 14 cents is currently being levied. (See Arizona Revised Statutes, Sections 48-371.5 and 48-3715.02) There can be no assurance that such levy limit will not be increased or removed at any time during the life of the contract. (c) The combined tax rate includes the tax rate for debt service payments and the tax rate for all other purposes such as maintenance and operation and capital outlay. (d) The County's tax rate includes the $0.1693 tax rate of the Pinal County Flood Control District, the$0.0965 tax rate of the Pinal County Free Library,the$0.0552 tax rate for the contribution to the Pinal County Fire District Assistance and the$3.5600 tax rate of the County. The net assessed limited property value of the County Flood Control District does not include the personal property assessed valuation within the County. The net assessed limited property value for the CAWCD reflects the assessed valuation located within the County only. The County is mandated to levy a tax annually in support of fire districts in the County. All levies for library districts, hospital districts,fire districts,technology districts,water conservation districts and flood control districts are levied on the net full cash assessed value. (e) Does not include the Bonds. Does not include special assessment bonds outstanding in the aggregate principal amount of $4,090,000, or other special assessment bonds or general obligation bonds expected to be issued by the District in the future. The District levied the O&M Tax and taxes for general obligation bond debt service in fiscal year 2024/25 to collect revenues from the portion of the land within the District boundaries patented by the Developer and no longer owned by ASLD. The lien for taxes for both debt service and operation and maintenance purposes is superior and paramount to that for the Special Assessments with respect to the Bonds. Source: Pinal County Assessor Department, the various entities, the Pinal County Finance Department and Property Tax Rates and Assessed Values, Arizona Tax Research Association. FIVE- 5 TABLE ONE ESTIMATED DEBT SERVICE SCHEDULE* Total Estimated Annual Fiscal Debt Service Year Principal Interest(a) Requirements* 2024/25 $ 76,729 $ 76,729 2025/26 $ 31,000 107,900 138,900 2026/27 32,000 105,885 137,885 2027/28 35,000 103,805 138,805 2028/29 37,000 101,530 138,530 2029/30 39,000 99,125 138,125 2030/31 42,000 96,590 138,590 2031/32 45,000 93,860 138,860 2032/33 47,000 90,935 137,935 2033/34 50,000 87,880 137,880 2034/35 54,000 84,630 138,630 2035/36 57,000 81,120 138,120 2036/37 61,000 77,415 138,415 2037/38 65,000 73,450 138,450 2038/39 69,000 69,225 138,225 2039/40 74,000 64,740 138,740 2040/41 78,000 59,930 137,930 2041/42 84,000 54,860 138,860 2042/43 89,000 49,400 138,400 2043/44 95,000 43,615 138,615 2044/45 101,000 37,440 138,440 2045/46 108,000 30,875 138,875 2046/47 115,000 23,855 138,855 2047/48 122,000 16,380 138,380 2048/49 130,000 8,450 138,450 $ 1,660,000 (a) Interest column reflects total interest payments for each fiscal year;interest will be paid semi-annually on January 1 and July 1, commencing on January 1,2025*. Interest is estimated at 6.50%. * Preliminary, subject to change. FIVE- 6 Reviewed and accepted by: DEVELOPER: D.R.HORTON,INC.,a Delaware corporation By:�._ Name:Brent Davis Its:Division President—Phoenix Last FIVE: 7 APPENDIX 1 LEGAL DESCRIPTION FOR ASSESSMENT AREA NO. 4 LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 4 Lots 719 through 726,inclusive,749,750,753,754,756 through 767,inclusive,769,771,774,and 776 through 922,inclusive,according to the Final Plat for Superstition Vistas—Phase 1B—Parcels 19.6& 19.7,recorded as Fee No.2024-042867,Records of Pinal County,Arizona;and Lots 923 through 1073,inclusive,and 1213 through 1219,inclusive,according to the Final Plat for Superstition Vistas—Phase 1 B—Parcels 19.8& 1.9.9,recorded as Fee No.2024-042859,Records of Pinal.County,Arizona. APPENDIX 1 - 1 APPENDIX 2 SUMMARY OF APPRAISAL FOR ASSESSMENT AREA NO. 4 An Appraisal Report of the Market Value of the fee simple interest Superstition Vistas Community Facilities District No. 1 Assessment Area No. 4 332 lots within the Final Plat of Superstition Vistas - Phase 1B - Parcels 19.6, 19.7, 19.8 and 19.9 located northwest of Irownood Drive and Ray Road,Apache Junction, Pinal County, AZ AM w AMA 3 Y 11 r8axr+ca,w ��a aaraz,aa«.via»aa Fdd$ '4" 4t. ta8 Prepared For: Superstition Vistas Community Facilities District No. 1 300 E. Superstition Boulevard Apache Junction,AZ 85119 Inspection Date: July 16, 2024 Valuation Date: July 16, 2024 ed'-)r)epFe11sworLk Prepared by: Real Estate Appraisers/Consultants - P.O. Box 2829, Mesa,Arizona, 85214 Phone 480.497.1113 E-mail larry@schnepfellsworth.com Job # 24-2596 Copy 1 of 1 Copyright 2024 by Schnepf Ellsworth Appraisal Group LLC ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2596 Executive Summary Type of Property: The subject consists of a single-family residential subdivision site Type of Report: Appraisal Report Class: Single-family residential subdivison land Job No.: 24-2596 Job Name: Superstition Vistas Community Facilities District No. 1 Assessment Area No. 4 Location: The subject is located northwest of Ironwood Drive and Ray Road and is a part of the Radiance at Superstition Vistas, Apache Junction, Arizona. Legal Description: A full legal description is included within the report. The legal description was obtained from public records. Statement of Ownership: Documents detailing the ownership retained in the addenda. Form of Ownership: Fee Simple Interest Property Rights Appraised: Market Value of the fee simple interest. Intended User/Intended Use (Function) of the Report: The intended users of this report are Superstition Vistas Community Facilities District No. 1 (Client and Intended User), the financial advisor Piper Sandler&Co.,City of Apache Junction,Arizona and special counsel Greenberg Traurig LLP (Intended Users). The intended use (function) of this appraisal will be in conjunction with the sale of tax-exempt assessment bonds,the proceeds of which will be used to finance public infrastructure within the Superstition Vistas Community Facilities District No. 1, Assessment Area No. 4. Improvements Summary: The subject consists of a master-platted parcel consisting of 332 planned lots within the final plat for Radiance at Superstition Vistas Phase 113. ii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2596 Assessor's Parcel: Assessor parcel numbers are not yet available. Flood Zone Designation: Zone X (with some in Zone A), Panel number 04021 CO200E, Effective date December 4, 2007. Site Area: The total gross area is 3,833,107 square feet or 87.996 acres. The total aggregate lot area for the 332 lots is 2,098,955 square feet or 48.185 acres The proposed development has a density of 3.773 du/gross acres. Zoning: MPC (Master Planned Community), City of Apache Junction Topography: The property is basically level. No soil reports were provided to the appraisers. Easements: Except for zoning restrictions, no other hazards or nuisances were noted which would adversely affect the subject site. The appraisers assume no conditions exist that would adversely affect title. Nuisance and Hazards: No environmental reports were provided to the appraiser. No adverse environmental conditions were noted within this report. No known nuisances, hazards or environmental problems exist. Highest and Best Use: As Is—Single-family residential Marketing Time: 9 to 12 months Unit Type: The most applicable site unit measurement is price per square foot(vacant land) and price per lot. Date of Inspection: July 16, 2024 Date of Valuation: July 16, 2024 Valuation Conclusions: iii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2596 As is-95% As is-95916' Total As if-Complete As if-Complete Complete Complete Parcel Lots Per lot Parcel Value Per lot Parcel Value' SV CFD1, AD4- 19.6 & 19.7 174 $104,000 $18,096,000 $9 ,000 $17,226,000 SV CFD1, AD4- 19.8 & 19.9 158 $110,000 $17,380,000 $104,500 $16,511,000 Aggregate Total 332 $35,476,000 $33,737,000 Average $106,855 $101,617 **Sum of the individual lot totals iv (V SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 SUb'eCt Photo ra hs duly 16, 2024) �� t•,µ ,4;'f.+: ��' 1 2 t 4„4�s;st{1yf�j c.�rt{�c�}�S�)�11 E}{s`;1f��$�'? £;�i�}��.f3r}�.�;'��`tSf t��r~1 F}1{i37 s *;,s >�,�'s r;. "u t r~Q�?�f5k'�4t<9h'�4ttf�r m`;�r"rrt x.? I—Subdivision entry at Ray Road and Reverence Road. 2—Looking west along Ray Road at Reverence Road.. { { 37 i Tt f "SS a a:r 4 �t z � ��� w,� w5�i':h.,. ✓kas,�.."� .�43 li�ttck4 i�4zh+ft.... L�6,0.x,'f3nM ,,. ., .. 3 — Subdivision entrance at Radiance Ave and Ironwood Dr. 4—Looking south along Radiance Ave and Ironwood Dr. v ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 f47�A �i�� yy Mil 3 s l ,ty�i57{li i> r F 3�� t � f7�!it 1,psi, � � �}�..-�a t t� plc. � . �'s•,.� � s}, kl,ft�t,}rtis,�krf 5 ���lfit ��.t,t4>{ttF � , 5—Looking across Sutter Ave. and Davis Dr. (19.8 & 19.9) 6—Looking across Storia Ave and Palo Verde Dr. (19.8 & 19.9) {�tra ttr�9 t t � £ t � x {{ f v. 7—Looking south along open area in Parcel 19.6 & 19.7. 8 —Looking across Caballo Dr. and Sluice Ave. (19.8 & 19.9) vi ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 f t�{ i J:s m Parcel 19 6 & 19.7. 9—Looking across Stradling Ave and Caballo Dr. 10—Looking north on „ Ill } A I rsr S{{4y 12—Looking across Spaulding and Saguaro Ave. Parcel 19.6 & 11 —Looking north along Davis Dr and Sorpresa Ave. 19.7. vii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 �si{ttn�t�7st7{£kk k � £ e����slittik££ t t t £ #kk{l�ttlkl ttk#tt t s Uyl�1 1� 13 � f{ Y#k�st{rNtf yfXztic kkx ltt+I(fr�s t? }f}'�t z" s 13 — Looking across Saguaro and Stanton Ave. Parcel 19.6 & 14 — Looking across parcel 19.7 towards the Ironwood Drive 19.7. entrance on Radiance Avenue. r{nuts) c a i t J �iik 1 t,r: +ra}i��7jki�d�lasx2x 15 — Looking across Starfire Ave and Mara Dr. Parcel 19.6 & 16—Looking east along Stanton Ave at Hollanders Dr. 19.7. Parcel 19.8 & 19.9. Viii City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 3. File ID: 24-669 Sponsor:Angelie Hawley Agenda Date:8/20/2024 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. 2024-007 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 relating to approval of the feasibility report for the acquisition and financing of certain improvements benefiting the district; approving the prior giving of notice of hearing relating to the feasibility report; declaring the district board's intention to acquire the improvements described in the feasibility report; forming an assessment district; determining that special assessment bonds may be issued to finance the costs and expenses of the improvements; declaring the improvements to be of more than local or ordinary public benefit and that the costs of the improvements will be assessed upon Assessment Area No. 4; and ordering the public infrastructure projects performed. City of Apache Junction,Arizona Page 1 Printed on 8/15/2024 FEASIBILITY REPORT For The Issuance of Not to Exceed $1,660,000 Principal Amount OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 ASSESSMENT AREA NO. 4 SPECIAL ASSESSMENT BONDS, SERIES 2024 Public Hearing Date: August 20, 2024 TABLE OF CONTENTS SECTION Introduction; Purpose of Feasibility Report; General Description of District ONE Description of Public Infrastructure TWO Map of the District Showing Location of Public Infrastructure and Area to be Benefited THREE Estimate of Costs and Timetable for Acquisition of Public Infrastructure FOUR Plan of Finance FIVE APPENDIX Legal Description for Assessment Area No. 4 1. Summary of Appraisal for Assessment Area No. 4 2 (Complete copy of appraisal report is available upon request) SECTION ONE INTRODUCTION; PURPOSE OF FEASIBILITY REPORT; GENERAL DESCRIPTION OF DISTRICT INTRODUCTION This Feasibility Report(this"Report")has been prepared for presentation to the Board of Directors of the Superstition Vistas Community Facilities District No. 1 (the "District") in connection with the proposed issuance by the District of its Assessment Area No.4 Special Assessment Bonds, Series 2024(the "Bonds") in a principal amount of not to exceed$1,660,000,pursuant to the Community Facilities District Act of 1988, Title 48, Chapter 4,Article 6 of Arizona Revised Statutes("A.R.S."). PURPOSE OF FEASIBILITY REPORT This Report has been prepared for consideration of the feasibility and benefits of the Public Infrastructure(as defined in A.R.S.Section 48-701)to be financed by the Bonds(the"Public Infrastructure") and of the plan for financing the Public Infrastructure in accordance with the provisions of A.R.S.Section 48- 715. Pursuant to A.R.S. Section 48-715, this Report includes (i) a description of the Public Infrastructure to be financed—Section Two; (ii) maps showing, in general, the location of the Public Infrastructure and the area to be benefited by the Public Infrastructure—Section Three; (iii)an estimate of the cost to acquire, operate and maintain the Public Infrastructure and timetable for the acquisition of the Public Infrastructure —Section Four; and(iv)a plan for financing the Public Infrastructure—Section Five. This Report has been prepared for the consideration of the Board of Directors of the District only.It is not intended or anticipated that this Report will be relied upon by other persons,including,but not limited to,purchasers of the Bonds. This Report does not attempt to address the quality of the Bonds as investments or the likelihood of repayment of the Bonds. In preparing this Report,financial advisors,appraisers,counsel, engineers, District staff, City (as defined herein) staff and other experts have been consulted as deemed appropriate. GENERAL DESCRIPTION OF THE DISTRICT The District consists of approximately 1,375 acres of a larger 2,783-acre project within the City of Apache Junction, Arizona (the "City"), where D. R. Horton, Inc., a corporation organized and existing pursuant to the laws of the State of Delaware (the "Developer"), was the successful bidder at the public auction conducted by Arizona State Land Department("ASLD")and pursuant to the terms of the Certificate of Purchase 53-120190 executed November 12, 2020, as thereafter amended. The Developer is now developing the mixed use, master planned community known as Radiance at Superstition Vistas, on approximately 1,375 acres of a larger 2,783-acre project (the "Project"). The Project is located east of Meridian Road,west of Ironwood Drive,south of Radiance Avenue and north of Ray Avenue. Construction on the Project commenced in November 2021, and the first home closings occurred in June 2023. Single family residential units represent approximately 700 acres within the Project.Non-residential development comprises approximately 675 acres within the Project and includes churches, government,police and fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The real property comprising Assessment Area No.4 consists of 332 lots(the"Assessed Lots")and is approximately 48 acres. The Assessed Lots have been finally established by the approval of final plats by the City, and all of the Assessed Lots will be developed by the Developer. ONE- 1 The following chart characterizes the approximate acreage within the District as well as the acreage within Assessment Area No.4,which is fully within the boundaries of the District. Approximate Approximate Assessment Area Total District District Acres No. 4 Lot Area Acres Single Family Residential 700 48 Non-Residential(a) 675 0 Total 1,375 48 (a) Includes churches,police and fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The District was created to assist with financing the acquisition of public infrastructure and public infrastructure purposes, including the Public Infrastructure, within the District. See Section Two for a description of the Public Infrastructure to be financed with a portion of the proceeds of the Bonds. A legal description of Assessment Area No. 4 is included in Appendix 1. Maps of the District, Assessment Area No. 4, including the location, in general, of the Public Infrastructure, are included in Section Three. The proposed acquisition of the Public Infrastructure as defined in this Report is consistent with the approved General Plan for the District. ONE- 2 SECTION TWO DESCRIPTION OF PUBLIC INFRASTRUCTURE DESCRIPTION OF PUBLIC INFRASTRUCTURE The Public Infrastructure subject to this Report has been publicly bid pursuant to State statutes and District guidelines and will be financed by the Bonds and/or subsequent bond issues and other sources, if necessary. It is expected that the Public Infrastructure listed below will be acquired from the Developer with estimated cost and construction timing as noted. Total Certified Eligible for Funding Acquisition Project Estimated Engineer's Paid by Prior from Bonds and Completion Description Cost Cost Bonds Future Bonds Date* Radiance Avenue 1. Phase IA (SVR $2,201,330 $2,201,330 $0 $2,201,330 April 2024 W003, TR003, LS003) 2. Phase 113 (SVR 4,192,822 4,192,822 0 4,192,822 April 2024 NP001, TR003B, LS003B) Total $6,394,152 $6,394,152 $0 $6,394,152 * Completion represents the date by which the Public Infrastructure was constructed,which may differ by the date that it was accepted by the City or other governmental entities,as applicable. The Public Infrastructure consists of a roadway within the District known as Radiance Avenue, and includes construction of approximately 2,300 lineal feet within.Phase IA and 4,200 lineal feet within Phase 1B including eighty-three feet (83') of right-of-way street improvements with four and one-half inches (4'/z") of asphaltic concrete over an asphalt base course subgrade of eight inches (8"), and vertical curb, storm drain, storm drain manholes, catch basins, water fire hydrants, water valves, non-potable water, six foot (6') detached concrete sidewalks, concrete ramps, pavement, pavement striping, traffic signage, dry utilities, street lighting, and landscaping. All improvements are shown on the plans sealed by the engineer or the landscape architect and approved by the City,which may be amended from time to time to allow for additional property uses adjacent to Radiance Avenue that are not yet known. The completion date for the Public Infrastructure was April 2024 and was accepted by the City in April 2024. Proceeds of the Bonds are reasonably expected to be used to finance the acquisition of all or a portion of the Public Infrastructure upon acceptance by the District and the City, or other governmental entities, as applicable, of such Public Infrastructure pursuant to the terms of the District Development, Financing Participation,Waiver and Intergovernmental Agreement(the"District Development Agreement"),recorded on February 23,2022, at Fee No. 2022-021689 in the records of Pinal County,Arizona(the"County"), and the terms and provisions of all applicable laws, ordinances, codes and rules. All interests in such Public Infrastructure financed by the District will be dedicated or otherwise transferred to the City or other governmental entities, as applicable, after acceptance. Additional portions of public infrastructure, as contemplated by the District's formational documents, may be constructed and will be subject to administrative approval by the District before such additional public infrastructure is eligible for funding from future bonds, if any. TWO- 1 SECTION THREE MAP OF THE DISTRICT SHOWING LOCATION OF PUBLIC INFRASTRUCTURE AND AREA TO BE BENEFITED The District rT " fit' . . . 777 ............ CF O, 1.375 Al R * WARNER _ ENUI ' .,;E } 2000 "b4RWV Horz, i i , THREE- 1 Assessment Area No. 4 LEGEND: ASSESSED€MPROkMENTS (RADIANCE AVENUES 7Lt ;J 4,4 7, NOT A PART OF ASSESSMENT �*,DISTRICT F ASSESSMENT AREA EXTENTS 7tr ,`�jm ..� LOT LINE INE ''� `_.,� I € { 3 I rie _ a, e ""°ae`'� ,,."'."".�•;• fa y-,.,,.,,_,,, - y v.,r r, too LOT NUMBER € I es am wr� a r F t Le w" r SHEET d-: r 7-- LOTS q2 ,d I ,5 r✓'"' -r d , ,�_ ;,, LOTS 12 3-1215 i� i ra�" f;f a 77 ECS S} P.. _a 4: LOT t { ' vo OX 3 I i 5 P 5flJ° V✓ HIFET 5 OTS 993 10T t '€Lt'3T:xj 0 4' 0, % r � } ICI € t7sM � 7416 7 OTS 7 � T,5Cra7E7 7R5 774p' col 3 rt KEY MAP - E THREE-2 SECTION FOUR ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE The table in Section Two outlines the cost estimate and completion dates for the construction of the Public Infrastructure. Proceeds of the Bonds, after payment of the costs of issuance,will be used to finance the acquisition of all or a portion of the Public Infrastructure projects listed in Section Two. Listed below is an estimated draw schedule of the proceeds of the Bonds for acquisition of the Public Infrastructure. Estimated Acquisition Public Infrastructure Price Completion Date(a) Funds Draw Date Radiance Avenue Phase $6,394,152 April 2024 October 2024 lA and Phase I Total $6,394,152 (a) Represents the date by which the Public Infrastructure was constructed,which may differ from the date that it was accepted by the City, or other governmental entities, as applicable. FOUR- 1 SECTION FIVE PLAN OF FINANCE PLAN OF FINANCE Below is a financing plan that describes the process for financing a portion of the Public Infrastructure benefiting the property within the Assessment Area No.4. This Plan of Finance is subject to modificationto accommodate market conditions at the time of the actual sale of the Bonds and to the extent necessary to comply with federal and State law. (i) Formation and Authorization. In response to a petition from the Developer, the City Council formed the District on October 5,2021.As contemplated by the District Development Agreement,the District has the authority to issue the Bonds. (ii) Proposed Bond Sale. The estimated debt service schedule for the Bonds is attached in this section as Table One. It is anticipated that the Bonds will be sold and delivered in October 2024. The amount shown on the cover of this Report is a not-to-exceed amount; the actual aggregate principal amount of the Bonds issued may be lower. It is currently estimated that the Bonds will have a final maturity of not more than 25-years and be structured to achieve generally level annual debt service. The Bonds will not be rated by any rating agency. (iii) Per Lot Assessment Amount The per residential lot assessment amount is expected to be no more than$5,000.00 at the time of issuance of the Bonds. The Developer currently expects that at the time of sale of a home to the buyer, this amount will be assumed by the homebuyer and the assessment payments made over time. The $5,000.00 per residential lot assessment results in an annual assessment payment of approximately $420 per home, or approximately $35 per month, assuming a 25- year maturity and a 6.50% interest rate. The special assessments are expected to be collected on behalf of the District by the Pinal County Treasurer's Office. FIVE- I (iv) Estimated Sources and Uses of Funds. The proceeds of the Bonds will be applied by the District to finance the acquisition of all or a portion of the Public Infrastructure listed in Section Two of this Report. The estimated sources and uses of funds related to the sale of the Bonds is: SOURCES: Principal Amount of Bonds $1,660,000.00 Total $1,660,000.00 USES*: Cost of Public Infrastructure $1,195,500.00 Debt Service Reserve Fund 1.40,000.00 Deposit to Bond Fund 132,000.00 (representing capitalized interest) Estimated Costs of Issuance 192,500.00 Total $1,660,000.00 ESTIMATED COSTS OF ISSUANCE* Underwriter's Compensation $27,500.00 Bond Counsel 80,000.00 Underwriter's Counsel 22,500.00 Financial.Advisor 38,000.00 District Engineer 15,000.00 Appraisal Fee 5,000.00 Registrar&Paying Agent 1,000.00 Miscellaneous 3,500.00 Total $192,500.00 (v) Value to Lien Ratio. Included as Appendix 2 is a summary of the appraisal relating to the parcels to be included in Assessment Area No. 4,prepared by Schnepf Ellsworth Appraisal Group,LLC on August 13, 2024. The appraisal demonstrates a value-to-lien ratio on a per lot basis of at least 19 to 1. A complete copy of the appraisal report is available upon request. (vi) Disclosure of Assessment Payments. A.R.S. Section 32-21.81 et seq. requires the disclosure of all property taxes and assessments to be paid by a homeowner in the Arizona Department of Real Estate Subdivision Public Report (the "Public Report"). The Developer must supply each of its homebuyers a Public Report and, prior to any home sale, the homebuyer must acknowledge by signature that they have read and accepted the Public Report. In addition, the Developer will require the homebuyer to sign an additional form that highlights and discloses the additional assessment payments as a result of District financing. Preliminary, subject to change. FIVE-2 (vii) Operation and Maintenance of Public Infrastructure. All infrastructure financed by the District will be dedicated to and accepted by the City,or other governmental entities, as applicable. The obligations pertaining to the operation and maintenance of the Public Infrastructure have been negotiated between the City, the District and the Developer and are set forth in the various development agreements among the parties. The administrative costs of the District and those costs associated with the operation and maintenance of the Public Infrastructure which are not the obligation of the City will be provided by several sources of funds: the levy of a $0.30 per $100 of net assessed limited property valuation ad valorem tax in the District(the"O&M Tax"),Homeowner's Association fees and Developer contributions, if any. (viii) Other District Information. Shown in the table below is the District's overlapping general obligation bonded indebtedness including a breakdown of each overlapping jurisdiction's applicable general obligation bonded indebtedness, net assessed limited property value and combined tax rate per $100 of net assessed limited property value. OVERLAPPING GENERAL OBLIGATION BONDED INDEBTEDNESS & OVERLAPPING NET ASSESSED LIMITED PROPERTY VALUES—2023/24 Portion.Applicable to the District(a) Total Tax 2023/24 General Proportion Applicable Rates Per$100 Net Assessed Obligation to the District(a) Net Assessed Limited Bonded Approximate Net Debt Limited Property Overlapping Jurisdiction Property Value Debt(b) Percent Amount Property Value(c) State of Arizona $ 83,026,530,244 None % 0.00 None None Pinal County 3,390,905,658 None 0.01 None $3.8810 (d) Pinal County Community College District 3,390,905,658 $ 51,445,000 0.01 $ 7,403 1.9200 Central Arizona Water Conservation District 3,390,905,658 None 0.01 None 0.1400 (d) East Valley Institute of Technology 862,566,705 None 0.06 None 0.0500 Apache Junction Unified School District No.43 536,976,475 6,825,000 0.09 6,202 4.1254 Superstition Fire&Medical District 521,438,586 1,338,000 0.09 1,252 3.5900 City of Apache Junction 198,538,048 None 0.25 None 0.0000 Superstition Vistas Community Facilities District No.1(e) 487,977 None 100.00 None 3.6000 $ 14,858 FIVE- 3 OVERLAPPING NET ASSESSED LIMITED PROPERTY VALUES—2024/25* 2024/25* Net Assessed Limited Overlapping Jurisdiction Property Value State of Arizona $ 88,425,611,337 Pin al County 3,772,91.7,917 Pinal County Community College District 3,772,917,91.7 Central Arizona Water Conservation District 3,772,917,917 East Valley Institute of Technology 937,089,484 Apache Junction Unified School District No.43 579,814,797 Superstition Fire&Medical District 563,075,279 City of Apache Junction 214,344,520 Superstition Vistas Community Facilities District No. 1(e) 2,731,381 * The 2024/25 values are subject to adjustments until approved by the Board of Supervisors of the County on or before August 19,2024. (a) Proportion applicable to Assessment Area No. 4 is not available. In future years, proportion applicable to the District will be used instead.For Tax Year 2023,portions of the land within the boundaries of the District were still owned by ASLD and therefore not subject to property taxes and assessed values were not assigned to such portions of the District. Because the area that encompasses Assessment Area No. 4 only encompasses the area shown on the maps in Section Three, which is a smaller area than the area of the District, these amounts are greater than what actually overlaps such area. If the assessed value within the District increases at a faster rate than the overlapping jurisdictions, the amount of overlapping debt allocated for payment within the District will increase. (b) Includes total stated principal amount of general obligation bonds outstanding. Does not include outstanding principal amounts of certificates of participation or revenue obligations outstanding for the jurisdictions listed above. Also does not include outstanding principal amounts of bonds of various assessment districts or areas as the obligations of these districts or areas are presently being paid from special assessments against property within the various districts or areas. Does not include authorized but unissued general obligation bonds of such jurisdictions which may be issued in the future. Also does not include the obligation of the Central Arizona Water Conservation District ("CAWCD") to the United States Department of the Interior the ("Department of the Interior"), for repayment of certain capital costs for construction of the Central Arizona Project("CAP"), a major reclamation project that has been substantially completed by U.S. Department of the Interior. In April of 2003, the United States and CAWCD agreed to settle litigation over the amount of the construction cost repayment obligation, the amount of the respective obligations for payment of the operation, maintenance and replacement costs and the application of certain revenues and credits against such obligations and costs. Under the agreement, CAWCD's obligation for substantially all of the CAP features that have been constructed so far will be set at $1.646 billion, which amount assumes (but does not mandate) that the United States will acquire a total of 667,724 acre-feet of CAP water for federal purposes. The United States will complete unfinished CAP construction work related to the water supply system and regulatory storage stages of CAP at no additional cost to CAWCD. Of the $1.646 billion repayment obligation, 73% will be interest bearing and the remaining 27% will be non-interest bearing. These percentages have been fixed for the entire 50-year repayment period, which commenced FIVE-4 October 1, 1993. CAWCD is a multi-county water conservation district having boundaries coterminous with the exterior boundaries of Arizona's Maricopa, Pima and Pinal Counties. The obligation is evidenced by a master contract between CAWCD and the Department of the Interior. CAWCD was formed for the express purpose of paying administrative costs and expenses of the CAP and to assist in the repayment to the United States' portion of the CAP capital costs. Repayment will be made from a combination of power revenues, subcontract revenues (i.e., agreements with municipal, industrial and agricultural water users for delivery of CAP water) and a tax levy against all taxable property within CAWCD's boundaries. At the date of this Report, the tax levy is limited to 14 cents per $100 of Net Assessed Limited Property value, of which 14 cents is currently being levied. (See Arizona Revised Statutes, Sections 48-371.5 and 48-3715.02) There can be no assurance that such levy limit will not be increased or removed at any time during the life of the contract. (c) The combined tax rate includes the tax rate for debt service payments and the tax rate for all other purposes such as maintenance and operation and capital outlay. (d) The County's tax rate includes the $0.1693 tax rate of the Pinal County Flood Control District, the$0.0965 tax rate of the Pinal County Free Library,the$0.0552 tax rate for the contribution to the Pinal County Fire District Assistance and the$3.5600 tax rate of the County. The net assessed limited property value of the County Flood Control District does not include the personal property assessed valuation within the County. The net assessed limited property value for the CAWCD reflects the assessed valuation located within the County only. The County is mandated to levy a tax annually in support of fire districts in the County. All levies for library districts, hospital districts,fire districts,technology districts,water conservation districts and flood control districts are levied on the net full cash assessed value. (e) Does not include the Bonds. Does not include special assessment bonds outstanding in the aggregate principal amount of $4,090,000, or other special assessment bonds or general obligation bonds expected to be issued by the District in the future. The District levied the O&M Tax and taxes for general obligation bond debt service in fiscal year 2024/25 to collect revenues from the portion of the land within the District boundaries patented by the Developer and no longer owned by ASLD. The lien for taxes for both debt service and operation and maintenance purposes is superior and paramount to that for the Special Assessments with respect to the Bonds. Source: Pinal County Assessor Department, the various entities, the Pinal County Finance Department and Property Tax Rates and Assessed Values, Arizona Tax Research Association. FIVE- 5 TABLE ONE ESTIMATED DEBT SERVICE SCHEDULE* Total Estimated Annual Fiscal Debt Service Year Principal Interest(a) Requirements* 2024/25 $ 76,729 $ 76,729 2025/26 $ 31,000 107,900 138,900 2026/27 32,000 105,885 137,885 2027/28 35,000 103,805 138,805 2028/29 37,000 101,530 138,530 2029/30 39,000 99,125 138,125 2030/31 42,000 96,590 138,590 2031/32 45,000 93,860 138,860 2032/33 47,000 90,935 137,935 2033/34 50,000 87,880 137,880 2034/35 54,000 84,630 138,630 2035/36 57,000 81,120 138,120 2036/37 61,000 77,415 138,415 2037/38 65,000 73,450 138,450 2038/39 69,000 69,225 138,225 2039/40 74,000 64,740 138,740 2040/41 78,000 59,930 137,930 2041/42 84,000 54,860 138,860 2042/43 89,000 49,400 138,400 2043/44 95,000 43,615 138,615 2044/45 101,000 37,440 138,440 2045/46 108,000 30,875 138,875 2046/47 115,000 23,855 138,855 2047/48 122,000 16,380 138,380 2048/49 130,000 8,450 138,450 $ 1,660,000 (a) Interest column reflects total interest payments for each fiscal year;interest will be paid semi-annually on January 1 and July 1, commencing on January 1,2025*. Interest is estimated at 6.50%. * Preliminary, subject to change. FIVE- 6 Reviewed and accepted by: DEVELOPER: D.R.HORTON,INC.,a Delaware corporation By:�._ Name:Brent Davis Its:Division President—Phoenix Last FIVE: 7 APPENDIX 1 LEGAL DESCRIPTION FOR ASSESSMENT AREA NO. 4 LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 4 Lots 719 through 726,inclusive,749,750,753,754,756 through 767,inclusive,769,771,774,and 776 through 922,inclusive,according to the Final Plat for Superstition Vistas—Phase 1B—Parcels 19.6& 19.7,recorded as Fee No.2024-042867,Records of Pinal County,Arizona;and Lots 923 through 1073,inclusive,and 1213 through 1219,inclusive,according to the Final Plat for Superstition Vistas—Phase 1 B—Parcels 19.8& 1.9.9,recorded as Fee No.2024-042859,Records of Pinal.County,Arizona. APPENDIX 1 - 1 APPENDIX 2 SUMMARY OF APPRAISAL FOR ASSESSMENT AREA NO. 4 An Appraisal Report of the Market Value of the fee simple interest Superstition Vistas Community Facilities District No. 1 Assessment Area No. 4 332 lots within the Final Plat of Superstition Vistas - Phase 1B - Parcels 19.6, 19.7, 19.8 and 19.9 located northwest of Irownood Drive and Ray Road,Apache Junction, Pinal County, AZ AM w AMA 3 Y 11 r8axr+ca,w ��a aaraz,aa«.via»aa Fdd$ '4" 4t. ta8 Prepared For: Superstition Vistas Community Facilities District No. 1 300 E. Superstition Boulevard Apache Junction,AZ 85119 Inspection Date: July 16, 2024 Valuation Date: July 16, 2024 ed'-)r)epFe11sworLk Prepared by: Real Estate Appraisers/Consultants - P.O. Box 2829, Mesa,Arizona, 85214 Phone 480.497.1113 E-mail larry@schnepfellsworth.com Job # 24-2596 Copy 1 of 1 Copyright 2024 by Schnepf Ellsworth Appraisal Group LLC ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2596 Executive Summary Type of Property: The subject consists of a single-family residential subdivision site Type of Report: Appraisal Report Class: Single-family residential subdivison land Job No.: 24-2596 Job Name: Superstition Vistas Community Facilities District No. 1 Assessment Area No. 4 Location: The subject is located northwest of Ironwood Drive and Ray Road and is a part of the Radiance at Superstition Vistas, Apache Junction, Arizona. Legal Description: A full legal description is included within the report. The legal description was obtained from public records. Statement of Ownership: Documents detailing the ownership retained in the addenda. Form of Ownership: Fee Simple Interest Property Rights Appraised: Market Value of the fee simple interest. Intended User/Intended Use (Function) of the Report: The intended users of this report are Superstition Vistas Community Facilities District No. 1 (Client and Intended User), the financial advisor Piper Sandler&Co.,City of Apache Junction,Arizona and special counsel Greenberg Traurig LLP (Intended Users). The intended use (function) of this appraisal will be in conjunction with the sale of tax-exempt assessment bonds,the proceeds of which will be used to finance public infrastructure within the Superstition Vistas Community Facilities District No. 1, Assessment Area No. 4. Improvements Summary: The subject consists of a master-platted parcel consisting of 332 planned lots within the final plat for Radiance at Superstition Vistas Phase 113. ii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2596 Assessor's Parcel: Assessor parcel numbers are not yet available. Flood Zone Designation: Zone X (with some in Zone A), Panel number 04021 CO200E, Effective date December 4, 2007. Site Area: The total gross area is 3,833,107 square feet or 87.996 acres. The total aggregate lot area for the 332 lots is 2,098,955 square feet or 48.185 acres The proposed development has a density of 3.773 du/gross acres. Zoning: MPC (Master Planned Community), City of Apache Junction Topography: The property is basically level. No soil reports were provided to the appraisers. Easements: Except for zoning restrictions, no other hazards or nuisances were noted which would adversely affect the subject site. The appraisers assume no conditions exist that would adversely affect title. Nuisance and Hazards: No environmental reports were provided to the appraiser. No adverse environmental conditions were noted within this report. No known nuisances, hazards or environmental problems exist. Highest and Best Use: As Is—Single-family residential Marketing Time: 9 to 12 months Unit Type: The most applicable site unit measurement is price per square foot(vacant land) and price per lot. Date of Inspection: July 16, 2024 Date of Valuation: July 16, 2024 Valuation Conclusions: iii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2596 As is-95% As is-95916' Total As if-Complete As if-Complete Complete Complete Parcel Lots Per lot Parcel Value Per lot Parcel Value' SV CFD1, AD4- 19.6 & 19.7 174 $104,000 $18,096,000 $9 ,000 $17,226,000 SV CFD1, AD4- 19.8 & 19.9 158 $110,000 $17,380,000 $104,500 $16,511,000 Aggregate Total 332 $35,476,000 $33,737,000 Average $106,855 $101,617 **Sum of the individual lot totals iv (V SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 SUb'eCt Photo ra hs duly 16, 2024) �� t•,µ ,4;'f.+: ��' 1 2 t 4„4�s;st{1yf�j c.�rt{�c�}�S�)�11 E}{s`;1f��$�'? £;�i�}��.f3r}�.�;'��`tSf t��r~1 F}1{i37 s *;,s >�,�'s r;. "u t r~Q�?�f5k'�4t<9h'�4ttf�r m`;�r"rrt x.? I—Subdivision entry at Ray Road and Reverence Road. 2—Looking west along Ray Road at Reverence Road.. { { 37 i Tt f "SS a a:r 4 �t z � ��� w,� w5�i':h.,. ✓kas,�.."� .�43 li�ttck4 i�4zh+ft.... L�6,0.x,'f3nM ,,. ., .. 3 — Subdivision entrance at Radiance Ave and Ironwood Dr. 4—Looking south along Radiance Ave and Ironwood Dr. v ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 f47�A �i�� yy Mil 3 s l ,ty�i57{li i> r F 3�� t � f7�!it 1,psi, � � �}�..-�a t t� plc. � . �'s•,.� � s}, kl,ft�t,}rtis,�krf 5 ���lfit ��.t,t4>{ttF � , 5—Looking across Sutter Ave. and Davis Dr. (19.8 & 19.9) 6—Looking across Storia Ave and Palo Verde Dr. (19.8 & 19.9) {�tra ttr�9 t t � £ t � x {{ f v. 7—Looking south along open area in Parcel 19.6 & 19.7. 8 —Looking across Caballo Dr. and Sluice Ave. (19.8 & 19.9) vi ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 f t�{ i J:s m Parcel 19 6 & 19.7. 9—Looking across Stradling Ave and Caballo Dr. 10—Looking north on „ Ill } A I rsr S{{4y 12—Looking across Spaulding and Saguaro Ave. Parcel 19.6 & 11 —Looking north along Davis Dr and Sorpresa Ave. 19.7. vii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2596 �si{ttn�t�7st7{£kk k � £ e����slittik££ t t t £ #kk{l�ttlkl ttk#tt t s Uyl�1 1� 13 � f{ Y#k�st{rNtf yfXztic kkx ltt+I(fr�s t? }f}'�t z" s 13 — Looking across Saguaro and Stanton Ave. Parcel 19.6 & 14 — Looking across parcel 19.7 towards the Ironwood Drive 19.7. entrance on Radiance Avenue. r{nuts) c a i t J �iik 1 t,r: +ra}i��7jki�d�lasx2x 15 — Looking across Starfire Ave and Mara Dr. Parcel 19.6 & 16—Looking east along Stanton Ave at Hollanders Dr. 19.7. Parcel 19.8 & 19.9. Viii WHEN RECORDED RETURN TO: Greenberg Traurig, LLP Attn: Zachary D. Sakas 2375 E. Camelback Road Suite 800 Phoenix, Arizona 85016 SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 WAIVER AND DEVELOPMENT AGREEMENT PERTAINING TO THE TO BE FORMED ASSESSMENT AREA NO. 4 This Superstition Vistas Community Facilities District No. I Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 4, dated as of 5 2024 (this "Agreement"), by and among the Superstition Vistas Community Facilities District No. I (the "District"), and D.R. Horton, Inc., a Delaware corporation (the "Developer"), and, if applicable, other owners executing this Agreement prior to formation of Assessment Area No. 4 (as defined herein). WHEREAS, the City of Apache Junction, Arizona, an Arizona municipal corporation (the "City"), and the Developer are parties to that certain Procedural Pre-Annexation Agreement recorded August 16, 2021 as Instrument No. 2021-102467 in the Official Records of Pinal County, as the same may be amended from time to time (the "Development Agreement"), in connection with the planned community development project on the land subject thereto known as "Superstition Vistas" (the "Project"); and WHEREAS,pursuant to the District Development,Financing Participation,Waiver and Intergovernmental Agreement by and among the City, the District and the Developer, dated as of February 22, 2022 and recorded February 23, 2022 as Instrument No. 2022-021689 in the Official Records of Pinal County (the "District Agreement"), the Developer intends to request the District to form assessment area number 4 (the "Assessment Area No. 4") comprised of the real property legally described on Exhibit A attached hereto (the "Property") in order to provide for certain public infrastructure improvements plus all costs connected with the public infrastructure purposes related thereto (as defined in Title 48, Chapter 4, Article 6, Arizona Revised Statutes, as amended(the"Act")), such public infrastructure improvements and public infrastructure purposes to be located on or off the Property; and 699459094 WHEREAS, the Developer, and (if applicable) other owners executing this Agreement,and all persons hereafter taking an interest in the Property,or any portion thereof,shall be bound by the terms, waivers and agreements as set forth, and to the extent provided, in this Agreement and shall be bound by the Assessments (as defined herein) recorded against the Property; and WHEREAS, subject to the terms of the District Agreement, the proposed public infrastructure improvements and public infrastructure purposes to be provided by the Assessment Area No. 4 shall consist of: A. Acquisition, installation and/or construction of all or a portion of the public infrastructure (as such term is defined in the Act) described on Exhibit B attached hereto and all incidental improvements related thereto; B. All engineering, legal, financial and incidental costs and expenses incurred in completing the acquisition,installation and/or construction of the public infrastructure described in paragraph A above and the costs and expenses incurred in connection with the levy of the Assessments and the issuance and sale of the Assessment Area No. 4 bonds; C. Capitalized interest on such Assessment Area No. 4 bonds, if any, for a period not to exceed the period permitted by the Act; and D. A debt service reserve fund created for such Assessment Area No. 4 bonds. Collectively, the public infrastructure improvements and public infrastructure purposes described in paragraphs A through D above and the costs and expenses thereof shall hereinafter be referred to as the "Work"; and WHEREAS, persons having or hereafter acquiring only a lienholder's interest or other security interest in the Property ("Lienholder" or "Lienholders", as applicable) consent to these terms and provisions of the District Agreement and this Agreement and the recording thereof and acknowledge the levying of the Assessments against the Property; NOW, THEREFORE, the District, the Developer, and all future owners or holders of any interest in any portion of the Property hereby agree as follows: 1. Development Agreement and Agreement Allocating Assessments. This Agreement is a "development agreement" within the meaning of Arizona Revised Statutes ("A.R.S.") § 9-500.05 and the written agreement allocating the Assessments is authorized pursuant to A.R.S. § 48-721, as amended. 2. Reliance on Agreement. This Agreement does not create a binding commitment on the part of the District to actually form the Assessment Area No. 4, or, if formed, of the District to sell or deliver such Assessment Area No. 4 bonds or construct, install or acquire any or all of the Work, or if it does construct, install or acquire any of the Work, to construct, install or acquire it pursuant to any existing proposals. However, the District and the Developer, -2- in going forward with the Work, are doing so in reliance upon this Agreement to have the Property included within the to-be-formed Assessment Area No. 4 and assessed for the costs thereof. 3. Review and Approval of the Boundaries and Scope of Work; Acknowledtement of Assessment. a. The Developer, as the sole owner of all the Property, has reviewed or had the opportunity and right to review the boundaries of the Assessment Area No. 4, the preliminary plans and specifications detailing the Work and the current estimate of the costs of the Work. The Developer agrees the costs of the Work shall be spread among the parcels (residential lots) comprising the Property within the proposed Assessment Area No. 4 utilizing a methodology determined by the District Engineer (the "Engineer") based on the expected benefit to the residential lots to be developed on the Property, provided the Engineer's estimate of the costs of Work (the "Engineer's Estimate") will not exceed $1,660,000.00 and such Assessment amount shall be allocated and levied to each developable parcel (residential lot) within the Assessment Area No. 4 in an amount not to exceed $5,000.00 per parcel(residential lot). b. The Developer and all future owners or holders of any interest in any portion of the Property expressly consent to the following: (i)the District may take all required actions as necessary to form the Assessment Area No. 4 in accordance with the provisions of the District Agreement and the Act; and (ii)the District may incur costs and expenses necessary to complete or acquire the Work. C. Furthermore,the Developer and all future owners or holders of any interest in any portion of the Property acknowledge that the District shall levy and collect an assessment on the Property sufficient to pay all costs and expenses of the Work (including Work benefitting the Property in the proposed Assessment Area No. 4, which Work may be constructed, installed or performed prior to or after the execution hereof)and the costs of levying the assessment and the issuance of the Assessment Area No. 4 bonds, but not in excess of the Engineer's Estimate prepared in accordance with the applicable requirements of the District and the Act (the "Assessments"). 4. No Protest, Obiection or Request for Hearings. The Developer and all future owners or holders of any interest in any portion of the Property agree to allow the formation of the proposed Assessment Area No. 4 and to acknowledge that the District shall take all steps necessary to levy, confirm and record Assessments against the Property and to issue such Assessment Area No.4 bonds supported by the Assessments. The Developer and all future owners of any portion of the Property acknowledge and agree,to the fullest extent permitted by applicable law, that pursuant to A.R.S. § 9-500.05, the provisions of A.R.S. § 32-2181 do not apply and that pursuant to this Agreement the parties waive their right to appear before the Board of Directors of the District (the "District Board") on any hearing required at or prior to the confirmation of the Assessments and waive their right to: (a)protest and object to the extent of the Assessment Area No. 4 pursuant to A.R.S. §§ 48-579 and 48-580; (b)protest the award of contract pursuant to A.R.S. § 48-584; and(c) object to the Assessments on procedural grounds, or as to the legality of the Assessments, pursuant to A.R.S. § 48-590. -3- 5. Waiver of Procedural Deficiencies and Irregularities. The Developer and all future owners or holders of any interest in any portion of the Property,with full knowledge of the provisions of Title 48, Chapter 4, Articles 2 and 6, Arizona Revised Statutes, as amended, and their rights thereunder(or having obtained counsel to advise them of the provisions and their rights), expressly waive any and all irregularities, illegalities or deficiencies which may now or hereafter exist in the acts or proceedings resulting in the formation of the District, the formation of the Assessment Area No. 4, the adoption of the resolution of intention and the resolution ordering the Work, the levying of the Assessments against the Property and the issuance of Assessment Area No. 4 bonds secured by the Assessments levied against the Property. 6. Waiver. The Developer and all future owners or holders of any interest in. any portion of the Property, with full knowledge of the provisions and their rights under the provisions of law hereafter referenced, expressly waive the following: a. any defect in the proceedings establishing the District,as required by A.R.S. § 48-702 through § 48-708, inclusive, and agree that, to the extent of any defect, this Agreement shall constitute the petitions required by law to form and establish the District without conducting an election; b. the providing of any and all notices and response time periods related to such notices provided by A.R.S. § 48-576 et seq., as amended, including but not limited to the following: i. mailing, posting and publication, as applicable, of any notice required in connection with: (A)the adoption of the resolution of intention, (B) the notice of proposed improvements, (C) the adoption of the resolution ordering the Work, (D) notice of passage of the resolution ordering the Work,(E) notice of award of contract and(F) any other steps necessary in connection with the Assessment Area No. 4 or the Work; and ii. any and all notices pertaining to the levying of the Assessments, including notice of any hearing on the Assessments; C. any and all objections and protests to the extent of the Assessment Area No. 4; d. any and all objections to the adoption and approval by the District of the Assessment Area No. 4 including, without limitation, the plans and specifications, the Engineer's Estimate and the assessment diagram, all of which provide for and effectuate the completion of the Work; e. any and all protest rights against the Work and objections to the awarding of one or more acquisition or construction contracts for the Work; £ any and all claims or defenses, known or unknown, they may now or subsequently have against the Assessments or the Assessment Area No. 4 bonds; and -4- g. all demands for cash payment of the Assessments. Nothing contained in this Agreement shall be construed as a waiver by any parry to this Agreement of any notice required by A.R.S. §§ 48-600 or 48-601 of delinquent assessment installments. 7. Work as More Than Local and Ordinary Benefit. The Developer and all future owners or holders of any interest in any portion of the Property agree that the Work is of more than local or ordinary public benefit and that the Work constitutes public infrastructure improvements and public infrastructure purposes and that the Property which is subject to the Assessments receives the primary benefit from the Work in an amount not less than the Engineer's Estimate of the costs thereof, and not less than the portion of the Assessment levied against each parcel or lot comprising the Property. 8. Public Bidding. The public bidding requirements set forth in A.R.S. §§ 48-581 and 48-584 have been or will be complied with by the Developer on behalf of the District with respect to each contract comprising the Work. 9. Acquisition of the Work. The District may, immediately upon issuance of the Assessment Area No. 4 bonds, acquire all or part of the Work. 10. Developer's Acknowledtement of Assessment. The Developer and all future owners or holders of any interest in any portion of the Property acknowledge the District shall levy the Assessments in an amount not greater than the Engineer's Estimate against all developable parcels located within the boundaries of Assessment Area No. 4, as provided in Section 3.a, not in excess of $5,000.00 per developable parcel (residential lot); and that such Assessments shall be collected and foreclosed in accordance with A.R.S. § 48-601 et seq., as amended, and in accordance with any other documents executed and delivered in connection with the delivery of the Assessment Area No. 4 bonds. 11. Recording and Validity of Assessments. The Developer and all future owners or holders of any interest in any portion of the Property acknowledge the District shall record the Assessments against the Property and acknowledge such recording of the Assessments shall constitute valid and enforceable first liens against the respective parcels comprising the Property as shown and the amounts set forth in the Assessments, subject only to the lien for ad valorem taxes and prior special assessments. 12. Assessments to Go to Bond. Except as the Developer,or any future owner or holder of any interest in any portion of the Property, otherwise notifies the District in writing prior to the recording of the Assessments of their intent to pay all or part of their Assessment in cash, Assessments will not be paid in cash. With respect to Assessments not paid in cash, the Developer requests, and all future owners or holders of any interest in any portion of the Property agree, that a certified list of unpaid Assessments be filed as soon as possible after the recording of the Assessments and that Assessment Area No. 4 bonds amortizing the payment of the Assessments over not less than fifteen (15)years be issued and sold as soon as possible. -5- 13. No Reduction of Obligation of Developer. The inability of the District to assess all or any portion of the costs of the Work shall not reduce the obligation of the Developer, and all future owners or holders of any interest in any portion of the Property, so long as the Developer or future owner or holder of any interest in any portion of the Property own all or part of any parcel comprising the Property, to pay the Assessment levied against such portion of the Property, and provided that the aggregate costs of the Work are not reduced. 14. Waiver of Collateral Document Provisions. The Developer and all future owners or holders of any interest in any portion of the Property expressly waive any and all provisions of any collateral security instruments relating to the Property which prohibit the formation of the Assessment Area No. 4, completion of the Work, and levying and recording of the Assessments against the Property. 15. Dedication of Property Needed to Perform the Work. The Developer and all future owners or holders of any interest in any portion of the Property consent to the dedication, without cost, of the rights-of-way and easements and other property, as required pursuant to the applicable Final Plats listed on Exhibit A, the Map of Dedication and those certain final approved infrastructure improvement plans for the Work, each as described on Exhibit C attached hereto. The Developer and all future owners or holders of any interest in any portion of the Property agree to cooperate in effectuating any required dedication, including execution of any required document. 16. Indemnification Under Securities Act. a. The Developer hereby agrees to indemnify and hold the District and the City and each director, council member, officer, agent, legal counsel, independent contractor or employee thereof and each person, if any, who controls the District, and the City, its officers, employees and agents, within the meaning of the Securities Act of 1933, as amended (the "Securities Act") (together with the parties described in the last sentence of this Section 16.a, collectively the "Indemnified Persons")harmless for, from and against any and all losses, claims, damages or liabilities, including reasonable attorneys' fees arising from any challenge to the formation, activities or administration of the District or the Assessment Area No. 4, or any losses, claims, damages or liabilities, including reasonable attorneys' fees related to which any of the Indemnified Persons may become subject, under any statute or regulation at law or in equity or otherwise, insofar as such losses, claims, damages or liabilities, including attorneys' fees (or actions in respect thereof) arise out of or are based upon any untrue statement or any alleged untrue statement or material fact set forth in any official statement applicable to the Assessment Area No. 4 bonds or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or which is necessary to make the statements therein, in light of the circumstances in which they were made, not misleading in any material respect. For purposes of this Section 16, the Indemnified Persons further includes Apache Junction Sewer District (the "AI Sewer District," which was formed as Superstition Mountains Community Facilities District No. 1 and subsequently adopted Resolution No. 23-01 which stated such district shall now be known as Apache Junction Sewer District) and Water Utilities Community Facilities District(City of Apache Junction, Arizona) (the "AJ Water District") and each director, officer, agent, legal counsel, independent contractor or employee -6- thereof and each person, if any, who controls such respective district within the meaning of the Securities Act, but only in connection with any public infrastructure (as defined in the Act) accepted by the AJ Sewer District or the AJ Water District, respectively. b. Section 16.a hereof shall, however, not be applicable to any of the following: (1) to the extent matters involve any gross negligence or willful misconduct of any Indemnified Person, or (2) matters arising from or involving any material breach of this Agreement by the District or any other Indemnified Person. C. Sections 8.1(b)(2) and 8.1(c) of the District Agreement are hereby incorporated by reference for purposes of available insurance, if any, to the Indemnified Persons, and the provision of notice by the Indemnified Persons to the Developer in connection with indemnification sought from the Developer, respectively. d. This Section 16 shall survive the termination hereof. 17. General Indemnification of District and Directors. a. The Developer hereby agrees to indemnify the District and each director, officer, agent, legal counsel, employee, and independent contractor thereof, and the City, and its officers, employees, agents,legal counsel,independent contractors and council members(together with the parties described in the last sentence of this Section 17.a, collectively, the "Indemnified Parties") and shall hold the Indemnified Parties harmless from, for and against any and all losses, damages, liabilities, claims and reasonable costs incurred, including but not limited to reasonable attorneys' fees and other administrative or out of pocket costs actually and directly incurred by the Indemnified Parties in connection with or as the result of acts of the District or the District Board which are(i)within the scope of the District or District Board's authority under the Securities Act, or (ii)undertaken by the District or District Board in a properly advertised public meeting. For purposes of this Section 17, the Indemnified Parties further includes the AJ Sewer District and the AJ Water District and each director, officer, agent, legal counsel, independent contractor or employee thereof, but only in connection with any public infrastructure (as defined in the Act) accepted by the AJ Sewer District or the AJ Water District, respectively. b. Section 17.a hereof shall, however, not be applicable to any of the following: (1) to the extent matters involve any gross negligence or willful misconduct of any Indemnified Parties, or (2) matters arising from or involving any material breach of this Agreement by the District or any other Indemnified Party. -7- C. Sections 8.1(b)(2) and 8.1(c) of the District Agreement are hereby incorporated by reference for purposes of available insurance, if any, to the Indemnified Parties, and the provision of notice by the Indemnified Parties to the Developer in connection with indemnification sought from the Developer, respectively d. This Section 17 shall survive the termination hereof. 18. Disclosure Document. The Developer and all future owners or holders of any interest in any portion of the Property hereby agree that any potential purchaser of any real. property subject hereto, including each potential purchaser of a residential lot within the Assessment Area No. 4, shall receive a concise disclosure document that discloses the existence, the estimated payment amount and the payment terms of any portion of the Assessment applicable to the real property to be purchased. Each potential purchaser shall acknowledge in writing that the purchaser received and understood the concise disclosure document and has agreed to the terms, waivers and agreements contained in this Agreement. The Developer agrees to provide such disclosure document to the initial purchasers of the residential lots. For so long as the Developer owns any real property within the boundaries of the District, the Developer agrees to provide the form of disclosure document, upon reasonable request, to title companies, the District or a then-current owner of a residential lot within Assessment Area No. 4 for any future conveyance of a residential lot within Assessment Area No. 4. The District agrees to maintain records of the written acknowledgments. The provisions of this Agreement shall not apply to the sale,transfer or other conveyance of any real property which is not subject to the Assessment, and no disclosure document shall be required for such real property which is not subject to the Assessment. 19. Encumbrance of the Property. The provisions, terms and restrictions of this Agreement shall run with and bind the Property as equitable servitudes and also as covenants running with the land. Without limitation of the foregoing, in the event of any sale, transfer or other conveyance by the Developer, all future owners or holders of any interest in any portion of the Property shall continue to be bound by all of the terms, conditions and provisions hereof. Prior to the completion of the Work, the levy of the Assessments pertaining to the Work, the final hearing regarding the levy of the Assessments and the issuance of Assessment Area No. 4 bonds secured by the Assessments, and subject to Section 29 hereof, any grantee, transferee or other subsequent owner shall execute and deliver to the District Exhibit D-I attached hereto, and any prospective buyer shall execute and deliver to the District Exhibit D-2 attached hereto, and shall take such property subject to all of the terms, conditions and provisions hereof and any prospective buyer, grantee, transferee or other subsequent owner shall take such property entitled to all of the rights,benefits and protections afforded the predecessor in interest thereof by the terms hereof. 20. Recording. This Agreement may be recorded in the office of the County Recorder of Pinal County, Arizona. 21. Continuing Disclosure. So long as any of the Developer or any future owner or holder of any interest in any portion of the Property is liable for twenty percent(20%) or more of the debt service on any Assessment Area No. 4 bonds, such Developer, or any such future owner or holder of any interest in any portion of the Property, solely with respect to its assessed -8- property, will provide, or make available on any electronic data gathering filing system created by the United States Securities and Exchange Commission, any and all information needed as may be reasonably requested by the District, or required to comply with the information reporting requirements contemplated by Rule 240.15c2-12, General Rules and Regulations, Securities Exchange Act of 1934, as amended. 22. Successors and Assigns. This Agreement shall inure to the benefit of and (except as otherwise expressly provided herein) be binding upon the Developer, and its future grantees, successors and assigns, and any future owner or holder of any interest in any portion of the Property. There shall be no third-party beneficiaries of this Agreement, except that solely for the purposes of receiving the benefits of the provisions of Sections 16 and 17 of this Agreement, the Developer hereby agrees that the City and, as applicable, the AJ Sewer District and the AJ Water District,shall each be a third-party beneficiary of the terms and provisions of Sections 16 and 17 of this Agreement. 23. Authority. The Developer warrants that it has the requisite authority to enter into this Agreement and bind the Property and,to the best of its knowledge,no other consents are required. 24. Further Assurances. Without limitation of the foregoing, the Developer and all future owners and holders of any interest in any portion of the Property shall execute and deliver to the Developer and the District, upon request but at no third-party cost, all further assurances and waivers as may be required by the District and the Act to give full effect to the provisions of this Agreement,each of which further assurances and waivers by this reference shall, upon such execution, delivery and recording, be deemed incorporated herein and have the same priority as this Agreement. In addition to the foregoing, until the later of the issuance of the Assessment Area No.4 bonds or the final hearing regarding the levy of the Assessments,all owners of the Property (i) shall execute to the District, upon request, all further assurances, waivers and agreements as may be reasonably required by the District to effectuate the transactions contemplated by this Agreement, and (ii) shall engage legal counsel to deliver opinions as to, without limitation, the legality, validity and enforceability of this Agreement and such further assurances, waivers and agreements. 25. Counterparts. For convenience, this Agreement may be executed in one or more counterparts and each executed counterpart and all executed Exhibit D's shall for all purposes be deemed an original and shall have the same force and effect as an original, but all of which together shall constitute in the aggregate but one and the same instrument. This Agreement will constitute the entire agreement between the parties,and supersedes all previous written or oral agreements or understandings regarding the subject matter of this Agreement. 26. Waiver of Claims by Developer. a. Except as to matters which are subject to the express terms of the District Agreement and any other written agreement to which the District and the Developer are parties as of the date of this Agreement, the Developer knowingly and voluntarily forever releases and discharges the District and all of its past and present elected officials, officers, directors, agents, -9- employees, successors, assigns, attorneys, and representatives from all legal and equitable claims, causes of action, debts, accounts and damages occurring and existing prior to the date of this Agreement whether known or unknown, asserted or unasserted, and of every nature and extent whatsoever, that the Developer has against the District in connection with the Project arising from actions, omissions, delays or other events that occurred prior to the date of this Agreement. b. Except as to matters which are subject to the express terms of the Development Agreement and any other written agreement to which the City and the Developer are parties as of the date of this Agreement, the Developer knowingly and voluntarily forever releases and discharges the City and all of its past and present elected officials, officers, directors, agents, employees, successors, assigns, attorneys, and representatives from all legal and equitable claims, causes of action, debts, accounts and damages occurring and existing prior to the date of this Agreement whether known or unknown, asserted or unasserted, and of every nature and extent whatsoever, that the Developer has against the City in connection with the Project arising from actions, omissions, delays or other events that occurred prior to the date of this Agreement. C. None of the releases and discharges above are intended to, and do not, negate or otherwise relieve the District or the City of any executory contractual obligations under existing contracts or of any obligations under any applicable law, statute, or ordinance. 27. Failure to Sell Bonds. In the event the District fails or is otherwise unable to sell and/or deliver Assessment Area No. 4 bonds in an amount sufficient to allow the District to pay the amounts needed to pay the costs of the Work and upon written request of the Developer acting on behalf of the owner or owners of the Property, the District agrees to adopt proceedings that dissolve and terminate Assessment Area No. 4 or any Assessments (including termination of this Agreement), established by the District, encumbering the Property. 28. Consent. Subject to Section 29 hereof,until the later of the issuance of the Assessment Area No. 4 bonds or the final hearing regarding the levy of the Assessments, the Developer agrees that upon the sale of any portion of the Property owned by the Developer, the Developer will require the execution and delivery of Exhibit D-1 or Exhibit D-2 by each grantee, transferee, other subsequent owner or prospective purchaser, as applicable. 29. Additional Representations, Warranties and Covenants of Developer. Other than any agreement previously disclosed in writing to the District, as of the date of this Agreement, the Developer represents and warrants, with respect to any portion of the Property owned by them, that no purchase and sale agreements, option agreements, deposit agreements, or other agreements conveying or intending to convey an interest in all or any portion of the Property have been entered into with any purchaser, optionee, depositor or other recipient of an interest in the Property, and that any purchaser, optionee, depositor or other recipient of an interest in the Property under a previously disclosed agreement shall consent to this Agreement. In accordance herewith, until the final hearing regarding the levy of the Assessments is complete, the Developer and all future owners and holders of any interest in any portion of the Property covenant and agree not to transfer title in any interest in the Property to any non-affiliated purchaser or other recipient, unless such interest is greater than ten (10)residential lots for any such non-affiliated purchaser. -10- 30. Arizona Law Provisions. a. The District may, within three years after its execution, cancel this Agreement,without penalty or further obligation,if any person significantly involved in initiating, negotiating, securing, drafting or creating this Agreement on behalf of the District is, at any time while this Agreement is in effect, an employee or agent of the Developer in any capacity or a consultant to the Developer with respect to the subject matter of this Agreement and may recoup any fee or commission paid or due any person significantly involved in initiating, negotiating, securing, drafting or creating this Agreement on behalf of the District from the Developer arising as the result of this Agreement. The Developer has not taken and shall not take any action which would cause any person described in the preceding sentence to be or become an employee or agent of the Developer in any capacity or a consultant to the Developer with respect to the subject matter of this Agreement. b. To the extent applicable, the Developer certifies that it is not currently engaged in, and agrees for the duration of this Agreement that it will not engage in a"boycott," as that term is defined in § 35-393, Arizona Revised Statutes, of Israel. C. To the extent applicable under A.R.S. § 41-4401, the Developer and its respective subcontractors warrant compliance with all federal immigration laws and regulations that relate to their employees and their compliance with the E-verify requirements under A.R.S. § 23-214(A). The failure by the Developer or its respective subcontractors' failure to comply with such warranty shall be deemed a material breach of this Agreement and may result in the termination of this Agreement by the District. d. To the extent applicable under A.R.S. § 35-394, the Developer hereby certifies it does not currently, and for the duration of this Agreement shall not use: (a) the forced labor of ethnic Uyghurs in the People's Republic of China, (b) any goods or services produced by the forced labor of ethnic Uyghurs in the People's Republic of China, and (c) any contractors, subcontractors or suppliers that use the forced labor or any goods or services produced by the forced labor of ethnic Uyghurs in the People's Republic of China. The foregoing certifications are made to the best knowledge of the Developer, without any current independent investigation or without any future independent investigation for the duration of this Agreement. If the Developer becomes aware during the duration of this Agreement that it is not in compliance with such certification, the Developer shall take such actions as provided by law, including providing the required notice to the District. If the District determines that the Developer is not in compliance with the foregoing certification and has not taken remedial action, such failure to comply with the certifications in this section shall be deemed a material breach of this Agreement and may result in the termination of this Agreement by the District. [SIGNATURES ON FOLLOWING PAGES] -11- IN WITNESS WHEREOF, the undersigned have duly affixed their signatures, all as of the day and year first written above. SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1,an Arizona political. subdivision and municipal corporation By: Chairman, District Board ATTEST: District Clerk APPROVED AS TO FORM: Richard Joel Stern, District Counsel STATE OF ARIZONA ) ) ss. COUNTY OF P1NAL ) The foregoing instrument was acknowledged before me this day of , 2024, by Walter "Chip" Wilson, Chairman of the Board of Directors of Superstition Vistas Community Facilities District No. 1, an Arizona political subdivision and municipal corporation. (Seal and Expiration Date) Notary Public in and for the State of Arizona [Signature page to Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 4] Signature Page to Waiver and Development Agreement: DEVELOPER: D.R. HORTON, INC., a Delaware corporation By: Name: Its: STATE OF ARIZONA ) ss. COUNTY OF MARICOPA ) The foregoing instrument was acknowledged before me this day of 2024, by , the of D.R. Horton, Inc., a Delaware corporation. (Seal and Expiration Date) Notary Public in and for the State of Arizona [Signature page to Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 4] EXHIBIT A LEGAL DESCRIPTION OF PROPERTY Lots 719 through 726, inclusive, 749, 750, 753, 754, 756 through 767, inclusive, 769, 771, 774, and 776 through 922, inclusive, according to the Final Plat for Superstition Vistas — Phase 1B —Parcels 19.6& 19.7,recorded as Fee No. 2024-042867,Records of Pinal County,Arizona; and Lots 923 through 1073, inclusive, and 1213 through 1.21.9, inclusive, according to the Final. Plat for Superstition Vistas—Phase 113—Parcels 19.8 & 19.9,recorded as Fee No. 2024-042859, Records of Pinal County,Arizona. A-1 EXHIBIT B PUBLIC INFRASTRUCTURE The Project consists of a roadway within the District known as Radiance Avenue, and includes construction of approximately 2,300 lineal feet within Phase IA and 4,200 lineal feet within Phase 113 including eighty-three feet (83') of right-of-way street improvements with four and one-half inches (41/2") of asphaltic concrete over an asphalt base course subgrade of eight inches (8"), and vertical curb, storm drain, storm drain manholes, catch basins, water fire hydrants, water valves, non-potable water, six foot(6')detached concrete sidewalks,concrete ramps,pavement,pavement striping,traffic signage,dry utilities, street lighting,and landscaping. All improvements are shown. on the plans sealed by the engineer or the landscape architect as shown on Exhibit C to the Agreement to which this Exhibit B is attached, and approved by the City of Apache Junction, Arizona, which may be amended from time to time to allow for additional property uses adjacent to Radiance Avenue that are not yet known. The Project was completed by the Developer and accepted by the City of Apache Junction, or other governmental entity, in April 2024. B-1 EXHIBIT C IMPROVEMENT PLANS (CFD INFRASTRUCTURE) Reverence at Superstition Vistas Solina Avenue Phase I Water Plans Prepared by Hilgart Wilson sealed on July 15, 2022 and approved by Apache Junction Development Services on August 17, 2022, CFD Project SVR W-003. Reverence at Superstition Vistas Solina Avenue Phase IA Paving Plans Prepared by Hilgart Wilson sealed on July 1.5, 2022 and approved by Apache Junction Development Services on August 17, 2022, CFD Project SVR TR-003. Reverence at Superstition Vistas Solina Avenue Phase IA Signing & Striping Plans Prepared by Hilgart Wilson sealed on July 15, 2022 and approved by Apache Junction Development Services on August 17, 2022, CFD Project SVR TR-003. Reverence at Superstition Vistas Solina Avenue Public Street Lights Prepared by Wright Engineering sealed on July 15, 2022 and approved by Apache Junction Development Services on March 3,2023, CFD Project SVR TR-003. Reverence at Superstition Vistas Solina Avenue Phase IA Landscape Plans Prepared by ABLA sealed on June 24, 2022 and approved by Apache Junction Development Services on July 20, 2022, CFD Project SVR LS-003. Phase 1 B Radiance at Superstition Vistas Radiance Avenue Phase 1 B Non-Potable Water Plans Prepared by Hilgart Wilson sealed on March 10, 2023 and approved by Apache Junction Development Services on March 13, 2023, CFD Project SVR NP-001. Phase 113 Radiance at Superstition Vistas Radiance Avenue Phase 113 Paving Plans Prepared by Hilgart Wilson sealed on September 27, 2022 and approved by Apache Junction Development Services on April 27, 2023, CFD Project SVR TR-00313. Phase 113 Radiance at Superstition Vistas Radiance Avenue Phase 113 Signing & Pavement Marking Plans Prepared by Hilgart Wilson sealed on April 10, 2023 and approved by Apache Junction Development Services on April 25, 2023, CFD Project SVR TR-00313. Phase 113 Radiance at Superstition Vistas Radiance Avenue Phase 113 Water Plans Prepared by Hilgart Wilson sealed on March 15,2023 and approved by Apache Junction Development Services on April 25, 2023, CFD Project SVR TR-00313. C-1 Reverence at Superstition Vistas Solina Avenue Public Street Lights Prepared by Wright Engineering sealed on September 27, 2022 and approved by Apache Junction Development Services on March 22, 2023, CFD Project SVR TR-00313. Phase I B Reverence at Superstition Vistas Solina Avenue Phase I B Landscape Plans Prepared by ABLA sealed on September 16,2022 and approved by Apache Junction Development Services on October 25, 2022, CFD Project SVR LS-003B. C-2 EXHIBIT D-1 WHEN RECORDED RETURN TO: Greenberg Traurig, LLP Attn: Zachary D. Sakas 2375 E. Camelback Road, Suite 800 Phoenix, Arizona 85016 [PROPERTY OWNER/LIENIIOLDER] CONSENT,WAIVER AND AGREEMENT [To be executed by Owners of property/lienholders within Assessment Area No. 41 Reference is made to that certain Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 4,initially by and between the District and the Developer (each as defined therein), dated as of , 2024, and recorded as Instrument No. 2024- in the Official Records of Pinal County (the "Agreement"), in respect of the Property, to which this [Property Owner/Lienholder] Consent, Waiver and Agreement now attaches to and becomes part of the Agreement. All capitalized terms used and not otherwise defined in this [Property Owner/Lienholder] Consent, Waiver and Agreement shall have the meanings set forth in the Agreement. The undersigned, as [an owner/lienholder in respect] of real property within the Assessment Area No. 4, legally described on Exhibit 1 hereto, hereby consents to, and agrees to be bound by, the terms, waivers and agreements set forth in the Agreement, acknowledges that the Agreement shall run with and bind all the real property in which the undersigned holds an interest within Assessment Area No. 4, and acknowledges the recordation of the Agreement with respect to all such real property. DATED: , 20 . [PROPERTY OWNER/LIENHOLDER]: By: Its: STATE OF ) ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of 20_, by the of , an (Sea]and Expiration Date) Notary Public in and for the State of D-1-1 EXHIBIT I LEGAL DESCRIPTION OF PROPERTY [Insert Description of Parcel Subject to Property Owner/Lienholder Consent, Waiver and Agreement] D-1-2 EXHIBIT D-2 WHEN RECORDED RETURN TO: Greenberg Traurig,LLP Attn: Zachary D. Sakas 2375 E. Camelback Road,Suite 800 Phoenix,Arizona 85016 [PROSPECTIVE RETAIL BUYER] CONSENT,WAIVER AND AGREEMENT [To be executed by prospective retail buyers of residential lots within Assessment Area No.4 and recorded upon prospective retail buyer acquiring the Lot described herein] Reference is made to that certain Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No.4,initially by and between the District and the Developer (each as defined therein), dated as of , 2024, and recorded as Instrument No. 2024- in the Official Records of Pinal County(the `Agreement'),in respect of the Property,to which this Consent,Waiver and Agreement now attaches to and becomes part of the Agreement. All capitalized terms used and not otherwise defined in this Consent, Waiver and Agreement shall have the meanings set forth in the Agreement. The undersigned has executed an executory residential real estate sale agreement to acquire the subdivided residential lot within the Assessment Area No. 4, legally described on Exhibit 1 hereto (the "Lot"). So long as the executory residential real estate sale agreement is in effect and from and after the undersigned's acquisition of the Lot, the undersigned hereby consents to, and agrees to be bound by, the terms, waivers and agreements set forth in the Agreement, acknowledges that the Agreement shall run with and bind the Lot, and, if the undersigned acquires the Lot,authorizes the Developer to record this Consent,Waiver and Agreement and acknowledges the recordation of the Agreement with respect to the Lot. In addition to the foregoing, if the undersigned acquires title to the Lot prior to the later of the issuance of the Assessment Area No.4 bonds or the final hearing regarding the levy of the Assessments, the undersigned hereby agrees to execute such additional waivers, assurances and agreements as reasonably required by the District,and to engage legal counsel at the undersigned's expense to deliver opinions as to,without limitation, the legality, validity and enforceability of this Consent, Waiver and Agreement and any additional waivers and agreements as reasonably requested by the District. DATED AS OF:[Date of Executory Residential Real Estate Sale Agreement]emend ,20_. [PROSPECTIVE RETAIL BUYER]: By: Its: STATE OF ) ss. COUNTY OF ) The foregoing instrument was acknowledged before me this day of 20_,by the of an. (Seal and Expiration Date) Notary Public in and for the State of D-2-1 EXHIBIT 1 LEGAL DESCRIPTION OF LOT [Insert Description of Lot Subject to Consent, Waiver and Agreement] D-2-2 NOTICE OF PUBLIC HEARING TO THE GENERAL PUBLIC AND THE MEMBERS OF THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1: NOTICE IS HEREBY GIVEN that the Board of Directors of the Superstition Vistas Community Facilities District No. 1 will meet on August 20,2024, at 6:00 p.m.,in the City Council Chambers, City of Apache Junction, 300 East Superstition Boulevard, Apache Junction, Arizona 85119, to conduct a public hearing on, and to consider and review a feasibility report relative to a proposed project to be financed by the issuance of special assessment bonds of Assessment Area No. 4 within the District. A copy of the feasibility report may be reviewed at the office of the City Clerk, 300 East Superstition Boulevard, Apache Junction, Arizona 85119. Publish once in the Arizona Business Gazette no later than August 9, 2024. RESOLUTION NO. 0 4 007 SVCFD NO. RESOLUTION OF THE BOARD OF DIRECTORS THE C E `' :OBI VISTAS COMMUNITY FACILITIES DISTRICT O. 1 APPROVING THE FEASIBILITY" REPORT RRIBA`TI G TO THE ACQUISITION AND FINANCING CING OF CERTAIN IMPROVEMENTS REr E FI'T°TING THE DISTRICT; APPROVING THE PRIOR GIVING OF - NOTICE OF HEARING RELATING TO THE FEASIBILITY REPORT; DECLARING ITS INTENTION TO ACQUIRE CERTAIN IMPROVEMENTS DESCRIBED IN THE FEASIBILITY REPORT; FORMING AN ASSESSMENT AREA; DETERMINING THAT SPECIAL ASSESSMENT BONDS to EAR ISSUED TO FINANCE THE COSTS AND EXPENSES THEREOF UNDER, THE PROVISIONS OF TITLE 48 CHAPTER 4, ARTICLE 6, ARI O A REVISED STATUTES, AND ALL AMENDMENTS THERETO; DECLARING THE IMPROVEMENTS TO BE OF MORE THAN LOCAL OR ORDINARY PUBLIC E NEFI ' AND THAT THE COSTS S CAR SAID IMPROVEMENTS MENTS ILL SR ASSESSED UPON THE ASSESSMENT AREA; AND ORDERING THE PUBLIC INFRASTRUCTURE PROJECTS PERFORMED. WHEREAS, pursuant to Arizona Reprised Statutes ("A. . .S. ".) 48-715, as amended, the Board of Directors of the Superstition Vistas Community Facilities Di3trict No. l has caused the Report (as such term and all other initially capitalized terms are defined herein) to be prepared, Deleting to certain public infrastructure and public infrastructure purposes provided for in the General. Plan of the District and to be financed with the proceeds of the sale of special assessment bonds of the District, which Report includes, among other things, a description of certain public infrastructure and public infrastructure purposes to be acquired and all gather information useful to understand the Project, an estimate of the cosh to acquire, (.operate and maintain the Project, an estimated schedule for completion of the Project, a map or description of the area to be benefited by the Project and a plan and expected n eth d for financing the Project, including the nature and timing of the issuance of bonds, if any, a copy of which is on file with the District Clerk and WHEREAS, pursuant to A.R.S. § 48-715 as amended, the District Clerk has, not less than tea (IC) days in advance of the date of public hearing on the Report, (i) published a notice of public hearing on the Report and (i i ) provided the Report and the notice of public hearing on the Report to the City Council of the City of Apache Junction Arizona. A public hearing on the Report was held on the date hereof, after the aforementioned timely publication of notice thereof as provided by law, and REVOLUTION NO. 'IS 007 SVCFD NO. 1 PAGE 1. OF WHEREAS, the District, developer and property owners d any other persons having an interest in the real property within the proposed boundaries of Assessment Area No. at have heretofore executed and delivered to the District the Waiver wherein the parties thereto have: i ) waived any and all requirements for notice and time for protests and objections relating toamong other things, than Project and the extent of the Assessment Area No. ii) acknowledged that the District °ialril: levy the Assessments pursuant to theAct; and 1 ) waived certain procedural, requirements . NOW, THEREFORE, BE IT RESOLVED BY THE BOARD O DIRECTORS - F THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. I AS FOLLOWS: SECTION 1. DEFINITIONS In this resolution, the following takers shall have the following meanings. "Act" shall mean 'Title 48, Chapter 4 , Article 6, Arizona Revised Statutes, as amended. "Assessment Area Map" shall mean the snap showing the Assessment Area No. 4 and attached hereto as Exhibit B, which trial is on file with the Superintendent of Streets and the District Clerk. "Assessment s. raaent Area N " shall mean the real property contained within the boundaries described to Exhibit A attached hereto. For a more general. description, reference is hereby made to the Assessment Area Mats attached to this resolution as Exhibit B. "Board" shall mean this Board of Directors irs of the District. "Bond Counsel," shall moan Greenberg °Traurig, Tit , and any successor or thereto "Bonds"" shall man the District' s Assessment Area No. Special Assessment, Bonds, Series 2024, or such ether series designation as may be approved by the Board. „Debt Service esetve" shall. mean the debt service reserve fund funded with the proceeds from the sale of the Breeds, authorized pursuant to the Act~ AGE 2 OF 9 "Development Agree � �� shallmeats the i p� , inancrin d`art cipaµti n Waiver and Intergovernmental Agreement No. 1 dated as of February , 2022, by and among City of Apache Junction, Arizona, the District and C. R. Horton Inc. ; recorded February 22, 2022 at fee number, 2022-021689 in the office of the Pi.nal County Recorder. "District" shall mean the Superstition Vistas Community it Facilities District No. 1 . "District Clerk" shall wean the Clerk of the District. "District Engineer" shall mean, initially, Ent llusInc. , and, thereafter, such engineer, or firm of engineers as appointed by the District ict Manager. "District Manager"r" shall mean the City tanager of the City of Apache Junction Arizona . "Estimate"" shall. means the estimate of costs and expenses of the Project described in the Report and this resolution, showing the estimated costs and expenses of acquisition of the Project to to not less than $1 1 , ratltt-iitl, together with Incidental Expenses ( 32 , t . t tl) and a Debt t er irce Reserve ( 140, ) , for a total cost not to exceed 1., , 00.00 all as described on Exhibit C. "Final Plans" shall_ include all final plans, specifications and contract documents relating to the design of the Project, as have been approved by the City f Apache Junction, Arizona, and on file with the District Clerk. "Incidental Expenses" shall meats corripen,5ation paid to the Superintendent of Streets, District Engineer, costs of printing, advertising,in posting, the expenses of making, administrating and collecting the assessments, appraiser' s fees, any underwriter' s discount on the Bonds, any financial advisor or placement agent" s fats, any paying agent' s fads, all legal and financial fees, all expenses and costs incurred in establishing the Assessment Area No. 4 and incurred in connection with the drafting ng the proceedings and in connection with h the ;sale of the Bonds, and all capitalized interest, if any, can the Bonds. "Project" .shall mean, collectively, the acquisition of public infrastructure and public infrastructure purposes as such terms RESOLUTION NO. 2 2 w. t `i SVCFD NO. l PAGE 3 F are defined in the Act) described in the: Report including, particularly, the acquisition by the District of the public infrastructure described can Exhibit D hereto. " . r " shall mean the Feasibility e a r s dated August 20, 2024, and on file with the District Clergy:, prier to the date and time hereof, discussing the matters required by A.B.B. § 48-715, as amended, as such matters _relate to the Project . "Streets" shall mean the streets .listed on Exhibit D and such ether streets and public rights-of-way as are shown on the Final Plans. "Superintendent of Streets" shall me ri, initially, Bratellus, Inc. , and, thereafter, such person or firm appointed as Superintendent of Streets by the District Manager. "°Wa fiver"' wall mean the Superstition Vistas Community Facilities District No. l Waiver and Development, Agreement Pertaining to the To Be Formed Assessment Area No. 4, by and among the District, D. R. 'Marten, Inc." and all property owners and any ether persons having an interest in the real ; property within the proposed boundaries of Assessment Area No. 4 , dated as of August 13 2024 and recorded August 15, 2024, at twee number 2 t24- in the office of the Pihal. County Recorder. SECTION 2 APPROVAL OF THE FEASIBILITY REPORT Publication of he notice of the public hearing on the Report and providing the Report and notice of the public hearing a the Report to the City Council of the City of Apache Junction, Arizona, are hereby ratified and approved. used on the review by this Board and the presentation of the Report and testimony presented at the public hearing on the date hereof, the Report is hereby adopted and approved in the form submitted to this Beard. SECTION 3 RESOLUTION OF INTENT This Board hereby identifies the public infrastructure of the Project, the areas benefited (all located within the District) , the expected method of financing including the nature and timing of the issuance of the Bonds, and the system of providing revenues to operate and maintain the Project, all as identified and provided for in the Report, for any and all purposes f the Act. This Board hereby declares its intent to proceed with the fir anc inc of the RESOLUTION NO. 2024-007 SVCFDNO. i PAGE 4 OF acquisition of the Project in substantially the manner presented in the Report:. and pursuantto the terms of the Development Agreement. SECTION 4 ORDERING THE PERFORMANCE OF THE PROJECT The public interest and convenience require and it is the intention of this Beard to order, the Project to be acquired and performed as stated herein and contemplated by the Report and in conformance with the Final Flans. In accordance with A.R. S. § 4 -57 , this Dowd hereby finds there are no protests against the Project and there are no objections to the extent of Assessment Area No. 4 . By virtue of the authority vested in the Act, and all amendments thereto, this Board hereby orders the acquisition and performance of the Project at a cost not to exceed the Estimate. When n applicable, the ist r ct Engineer is authorized.d to modifythe ina . Plans to show the as-built condition of the " Project . The acquisition of any portion of the Project may be performed upon the sale and delivery of the Ponds in an mount sufficient to pay the costs of acquisition. SECTION DETERMINATION OF NEED; "FORMATION OF ASSESSMENT AREA NO. The Assessment Area No 4 is hereby farmed, consisting of the property described on Exhibit A attached hereto. In the opinion of this Board, the Project is of more than local or, ordinarypublic benefit, the Project principally benefits the land within the Assessment Area No. 4, and this Duero hereby orders that amounts clue or to become due with r s a ct to financing the costs and expenses of the Project together with the Debt Service Reserve and all Incidental Expenses (the "'Assessment"') , shall b chargeable upon the respective lets, pieces and parcels of lend within the Assessment Area No. 4 . The amount of the total. Assessment shall not be greater than the product of $5, 000. 00 times the number of developable residential, Eats, located within the Assessment Area No. 4 . SECTION 6 EXCLUSION OF CERTAIN PROPERTY Any public or private street or alley within the boundaries of the Assessment Area No. 4 is hereby omitted from the Assessment. Area No. 4 . Any lot, the legal owner of which on this date is the United States of America, the State of Arizona, a county, a city, a school district or any political subdivision car.:- institution o PAGE 5 OF 9 the State of Arizona or a county, Which is included within the Assessment Area No. 4 shall, be omitted from the assessments hereafter made except as otherwise agreed between the District and such owner. Any acquisition of an assessed Marcel by the United States of America, the State of Arizona zona yliti cal subdivision of the State of Arizona or charter school after the date hereof shall. not extinguish the Assessment with respect thereto which shall continue its full force and effect until payment in full. : SECTION *7 DETERMINATION AND NOTICE OF NECESSITY TO ISSUE BONDS This Board finds that the public convenience requires that the Bonds shall be issued to finance the costs and expenses of the Project, the Debt Service Reserve and Incidental Expenses. This Board Hereby determines that the Bonds to ll be isslied in the name of the District payable, however, solely and only out of a special fund collectible from the Assessments levied and assessed upon the lots, pieces and parcels of land within the Assessment Area No. 4 in not to exceed twenty-five t2 annual principal installments from the Assessments of twenty-five dollars ( ) or civet: B. The Bonds shall be issued in fully registered form as to principal and interest in the principal amounts of $5,000 or any integral multiples of $1, 000 in excess thereof for - such other denominations as approved y this Board and sot forth in the resolution authorizing the Bonds) . The ids shall mature on the first day of July in the years and its amounts to be }}set by this Board prior to their issuance; provided, however, the Bonds shall mature not later than July 1, 2048 . C. The Bonds shall near interest at rate or rates of riots to exceed ton percent . 0 ) per at�num, payabl.e on the first day of January and July of each year, commencing on such date; as sat~ forth in the resolution authorizing the Bonds. The yield (as determined pursuant to the regulations of the Internal Revenue Mode of 1986, as r grid :d) on all of the Blonds shall not exceed ten percent (10. %) . If the Bonds are directly sold to a bank or financinal institution, any default interest rate or taxable interest Brest. rate shall not exceed tar` percent t l . This Board reserves the right to call the Bonds for prior redemption, in whole or in pact, on such terms as may hereafter be established by this Board. RESOLUTION NO. 20 3l"7 SVC D NO. 1 PAGE 6 OF 9 D. Principal installments of each Assessment shall be due on the first day of June immediately preceding the maturity date of any Bands and installments of interest of each Assessment shall 1. be duce on the first day of June and .tecemberr. SECTION T BL'I I-IMENT OF GRADE The grades and elevations for the Streets are hereby officially changed to correspond with the fades and elevations shown on the Final flans SECTION 9 STATUTORY AUTHORITY The Project and all proceedings pertaining thereto shall be acquired and performed under the provisions of the Act. SECTION 10 DELEGATION OF AUTHORITY The District Engineer and the Superintendent of Sties-ifs are hereby authorized d to complete the Dina:. Flans, specifications and any contract documents. SECTION 11 RIGHT TO REDUCE SCOPE OF WORK If, because of pending or threatened litigation concerning n one r more parcels subject to the Assessment, (i) the District receives a written opinion of Sand Counsel stating that the Bonds cannot be issued against such parcel or, parcels or (it) the District is unable to obtain any right-of-way necessary for the acquisition ion of the Project, the District may then cause the acquisition or construction contract~ to be modified to exclude from the applicable contract some or all of the Project which will benefit the parcel, or parcels in question or which was located in the right-of-way rhich was riot obtained. The filing f certificate and request that no Bonds be issued against any parcel pursuant to A. R. S. § 48-540 and § -597, as amended, may be deemed to be threatened litigation. SECTION 12 RATIFICATION OF PRIOR ACTS All acts of the Chairman of this Board,d, istr.tct Clerk, District Engineer, District Manager, the Superintendent of Streets, and any person acting for such official in furtherance of this esolution are hereby ratified and confirmed, including the engagement by the District of nchre of Ellsworth Appraisal Croup, ITC, the engagement RESOLUTION No. 0 0 t 7 SVCFD NO. I PAGE 7 OF by the District of Entellus, Inc. ,, 1d the execution and delivery of the Waiver . SECTION 13 SEVERABILITY; AMENDMENT; RATIFICATION 7 -any section, paragraph, clause or provision of this all for any reason held is invalid ar unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions o this Resolution. SECTION 1.4 EFFECTIVE DATE This solo ion shay be effectiveimmediately. C[Signature Page toFollow. ] RESOLUTION NO. 2 -0 7 :PVC D NO. 1. PAGE 8 Off" PASSED AND ADOPTED BY THE BOARD OF DIRECTORS Off, THE SUPERSTITION VISTAS COMMUNITY ITY FACILITIES ISTR CT NO. 1, THIS 20TH DAY OF AUGUST, 202 SIGNED AND ATTESTED TO THIS DAY OF 2024 . Chairman, aard of Directors ATTEST: E NIFEt PE NA District Clerk APPROVED AS TO FORM: District Counsel. Attachments: EXHIBIT A Legal Description of Assessment Area No. EXHIBIT E .. Maps of the District and Assessment Area No. EXHIBIT CYr Estimated Gusts EXHIB17' D Description of Project CERTIFICATE I hereby certify that 'the a r d foregoing resolution was duly passed by the Board of Directors of the Superstition Vistas Conununity Facilities District No. 1 at a r cUIsr meeting held on August 20, 2024, and that a quorum was present thereat t and than the vats thereon was ayes nd nays; did not vote or were absent District Clerk PACE 9 GD EXHIBIT A LEGAL DESCRIPTION OF ASSESSMENT AREA NO, 4 Lots 719 through 726, inclusive, 749, 750, 753, 754, 756 through 7671, inclusive, 769 771, 774, and 776 through 922, inclusive, according the final Plat for Superstition Vistas - Pease Parcels 19. 6 & 19. 7, recorded as Fee No. 2 t2 --0 2 97, Records o Pinal County, Arizona; and Lots 923 through :1073, inclusive, and 1213 through 1219, inclusive, according to the Final Plat for Superstition Vistas - Phase 1.1 - arcels 19.9 & 1.9. 9, recorded as e No. 20 -0 2 59, Records rds of Ping . County, Arizona . RESOLUTION N . 2024- 0 7 SVCFD NO. 1 EXHIBIT EXHIBIT B MAPS OF THE DISTRICT AND ASSESSMENT AREA NO. 4 hereto) RESOLUTION NO. 2024-007 SVCFD NO. I. EXHIBIT HE DISTRICT LL IM AVENt CUD NO.I ,375 A RFC %kARNLR VE.NUl r Y AVENUE om,1 hear 2000fta EXHIBIT B AsSESSMENT AAEA No. tAA NOA a. +r are s. .✓T � $NY 6#VSd ea ffiMMS, i 9 Wflfb3 1 v 1 t it IJ ,.+ rsA 9 �.. q `,�g $ r B IT EXHIBIT C ESTIMATED COSTS Project Costs $1, 195, 500 . 00 Debt Service s v 140, 000 . 00 Incidental Expenses 324, 500. 00 'Total Cost 60, )fitQ. 0 0 Totalgoats shall not exceed the total Assessment of the product of $5, 000 . 00 times the number of developable d ti lots located within Assessment Area No. 4 . As applicable, the par amount of the Bonds will be rounded down to the nearest $1, 000 integral from the Assessment mound . EXHIBIT t DESCRIPTION OF PROJECT The Bonds willfinance the cc : n of all or a portion o the tr consisting of public infrastructureand public infrastructure purposes (are such terms the defined the t) described in the Report, including particularly the acquisition b the District of the following: DESCRIPTION ESTI TED COST COMPLETION Radiance Avenue. The Work includes April 2024 approximately 2, 300 lineal feet within Phase lit and approximately 4, 200 lineal feed within Phase 1B including eighty-three feet (831 ) of right-of-way surest improvements with tour and one-half inches:a % °') of asphaltic concrete over an asphalt base course subgrade of eight inche,,, (8") , and vertical curkt, storm drain, storm drain manholes, ketch basins, water fire g hydrants, water valves, non-potable water, 6' detached concrete sidewalks, concrete ramps, Pavement, pavement Striping, traffic, dry utilities, street, lighting, and landscaping. TOT , 912 t " Completion represents the date by which tyre Developer' expected the public infrastructure to be constructed,ted, which may differ from the date that t: was or is accepted by the City or other governmental entities, as applicable. EXHIBIT City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.4. File ID: 24-677 Sponsor:Angelie Hawley Agenda Date:8/20/2024 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion, and consideration of Resolution No. 2024-008 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the levying of an assessment and assessment diagram for Assessment Area No. 4 within the district. City of Apache Junction,Arizona Page 1 Printed on 8/15/2024 RESOLUTION NO. 2024-008 SVCFD NO. 1 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING THE LEVYING OF AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT AREA NO. 4 WITHIN THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. In WHEREAS, on August 20, 2024, the Board of Directors (this "Board") of the Superstition Vistas Community Facilities District No. 1 (the "District") passed. and adopted Resolution No. 2024-007 SVCFD No. 1 (the "Resolution of Irdte.ration"®) , declaring its intention to acquire the Project (as defined in the Resolution of Intention) , together with all appurtenances and adjuncts pertaining -thereto; determining that the District' s special assessment bonds shall be issued to represent the costs and expenses thereof; declaring the Project to be of more than local or ordinary public benefit; declaring that the costs and. expenses thereof shall be assessed upon the residential lots within the boundaries of Assessment Area No. 4 (as defined in the Resolution of Intention) ; and providing that the Project shall. be performed under the provisions of Title 48, Chapter 4, Article 6, Arizona Revised Statutes, and all amendments thereto; and WHEREAS, the Waiver (as defined in the Resolution of Intention) has been signed by the District, the developer, the landowners of the real property within the boundaries of Assessment Area No. 4 and any other persons having an interest in the real property within the boundaries of Assessment Area No. 4 , waiving, among other things, a.11 requirements for notice and time for protests against the Project and objections to the extent of the Assessment Area No. 4; and WHEREAS, a $5, 000 . 00 assessment shall be levied. against all residential lots shown on the assessment diagram within Assessment Area No. 4 that have not prepaid. such assessment; and WHEREAS, this Board has thereby acquired jurisdiction to order the acquisition and performance of the Project; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 AS FOLLOWS: RESOLUTION NO. 2024-008 SVCFD NO. 1 PAGE 1. OF 4 SECTION 1 DEFINITIONS In this resolution, terms defined in the Resolution of Intention shall have the same meanings herein as therein. SECTION 2 PROJECT COST The estimate of costs and expenses for the Project, Incidental Expenses and Debt Service Reserve is as set forth hereafter, and the Estimate on file with the District is as follows : Project Costs Project Costs $1, 195, 500 . 00 TOTAL, PROJECT COSTS $1, 195, 500 . 00 Incidental Expenses $ 324, 500 . 00 Debt Service Reserve 140, 000 . 00 GRAND TOTAL $1, 660, 000 . 00 SECTION 3 RATIFICATION OF LEVY OF ASSESSMENT The District Engineer has allocated the Project costs among the developable lots within the Assessment Area No. 4 benefitting from the Project and the levy by the Superintendent of Streets of an assessment against the real property in the Assessment Area No. 4 for an amount not greater than the grand total of costs set forth in Section 2 hereof, is hereby ratified; provided, however, the amount of the assessment may be reduced as aCtUal costs are established and substituted for the estimated costs and as may be necessary to reduce any assessment made on any developable lot. in the Assessment Area No. 4 to riot more than $5, 000 . 00 . The Superintendent of Streets is hereby directed to record in its offices the assessment. and record with the Pinal County Recorder a Notice of Assessment . SECTTON 4 ASSESSMENT DIAGRAM Those certain duplicate assessment diagrams of the area to be assessed, prepared by the District Engineer, and heretofore filed with the District Clerk and the Superintendent of Streets, are hereby ratified and approved, and the District Clerk is hereby directed to certify the fact of such ratification and approval on the face of each of such diagrams including the date hereof as the RESOLUTION NO. 2024-008 SVCFD NO. 1 PAGE 2 OF 4 date of such ratification and approval and to deliver a copy of the diagrams so certified to the Superintendent of Streets . SECTION 5 ASSESSMENT AND COLLECTION The preparation and recording by the District Engineer and Superintendent, of Streets of an assessment against the real property contained within the Assessment. Area No. 4 is hereby authorized and approved, or as applicable, ratified. The assessment shall be allocated among the parcels and residential lots within the Assessment Area No. 4 as shown on the Assessment Diagram, in the manner established by the District Engineer. The District Treasurer and Superintendent of Streets are each hereby authorized and directed to collect the assessment, and the District' s execution and delivery of a Community Facilities District Assessment Collection Agreement, by and between the District and the Treasurer of Final County, Arizona, in accordance with Arizona Revised Statutes § 48-721, is hereby authorized. SECTION 6 RATIFICATION All acts of the District Clerk, the District Engineer, the Superintendent of Streets and any person acting for such officials in furtherance of this resolution, whether such actions were prior to or are subsequent to the adoption of this resolution, are hereby ratified and confirmed. SECTION 7 . -SEVERABILITY; AMENDMENT; RATIFICATION If any section, paragraph, clause or provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this Resolution. SECTION 8 EFFECTIVE DATE This Resolution shall be effective immediately. RESOLUTION NO. 2024-008 SVCFD NO. 1 PAGE 3 OF' 4 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY Y FACILITIES DISTRICT NO. 1, THIS 20TH DAY OF AUGUST, 2024 . SIGNED AND ATTESTED TO THIS DAY OF , 2024 . WAITER "CHIP" WILSON Chairman, Beard of Directors ATTEST : JENNIFER PE NA District Clerk APPROVED AS TO FORM: RIC HA CD JOEL STERN District Counsel CERTIFICATE I hereby certify that the above and foregoing resolution was duly passed by the Board of Directors of the Superstition. Vistas Community Facilities District No. 1 at a regular meeting held can August 20, 2024, and that a quorum was present thereat and that the Grote thereon was ayes and nays; did not vote or were absent . District Clerk RESOLUTION NO. 2024-008 SVCFD NO. l PAGE 4 CDC" 4. SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO . 1 ASSESSMENT AREA NO . 4 SHEET INDEX SHEET DESCRIPTION 01 COVER SHEET 02 KEY MAP & LEGEND VICINITY MAP 03 PARCELS 19.6-19.7 (LOTS 719-726, 749-750 NTS 753-754, 756-767, 769, 771 , 774,776-813) FREEWAY 4THO AS 04 PARCELS 19.6-19.7 (LOTS 814-922) 05 PARCELS 19.8-19.9 (LOTS 923-992, 1213-1219) �o WARNER AVENUE 06 PARCELS 19.8-19.9 (LOTS 993-1073) (AZ 202) MCDO EL CKE LIP DISTRICT � � GIN � � R CERTIFICATION B A N RD I HEREBY CERTIFY THAT THE PARCEL BOUNDARIES SHOWN AS DEPICTED ON THESE PLANS WERE SUPPLIED BY HILGART WILSON, LLC. .ARE CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. Q1,11NIVERS1 D R w � Q --- — C GA7F O I N ROD ry 22861 Lr- a Q O _';ALL s HERN L ry — low `� 08/05/24 o B�- L E N DISTRICT ENGINEER DATE 1 'uF L v IQ o o r a o APPROVED BY RESOLUTION NO.2024-00 SV CFD NO. 1 AT A MEETING OF THE w o w J BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIS DISTRICT o Z S Z = i NO. 1 ON THE TH DAY OF 2024. w m J > ELLIOT o o m RAY AVENUE o v WARNER DISTRICT CLERK DATE N m N 4 (AZ 202) SANTAN FRWY o o o V RAY AVE SIGNED; THIS DAY OF ,2024 Go THISO X PROJECT WILLIAMS FIELD °' SUBMITTED: o SUPERINTENDENT OF STREETS DATE a PECOS RD U Z O �ofsssiono/f' g GERMANN RD �a�� v� ��FICA tF yeses o 22861 �, -TIMOTHY D. QUEEN CREEK CRALL FM& M Z °°� 3=N.44th Strbet 6Sult 250, f oxiibt AZ 8=8 Tel: 602.244.258 / Fay¢ 802.244t8"7 10 -0 (n = m (-) (n q�2pNA V`��� www.entelfmoom Q p O D m ���, z m o Z o Z SUPERSTITION VISTAS 0 COMMUNITY FACILITIES Z X DISTRICT NO. 1 U N APACHE JUNCTION, ARIZONA 0 o Contact Arizona 811 at least two full COVER SHEET working days before you begin excavation / ASSESSMENT AREA NOA 0 O i ; DRAWN BY: JB DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS J 24 Call 811 or click Arizona811.com DATE: 08/05/20 ENT PROD #: 745.028D 01 06 F LEGEND: AA NOA ASSESSED IMPROVEMENTS (RADIANCE AVENUE) NOT A PART OF ASSESSMENT RADIAN E AV EN E DISTRICT ASSESSMENT AREA EXTENTS ---- ---------------------- -- MATCH LINE LOT LINE 1 " ��-' ,�..•�` 1216 1Sf4 1218 941 M888 ggg 887, / -\\\\\ 100 LOT NUMBER j ♦ 9se ► i g� NORTH 1 988 \\ no ASSESSMENT AREA AA N0.4-SITE DATA � � �� \' go !8!8 11817 Isle 1818 so so 844 g� g� � + / \\,� �\\�\ `` a s as PARCELS 19.6-19.7 i' ' +' e� `` `a \ 9s4 on •-___ __ LOT COUNT: 174 ! 1 s@f@ a.. \�� \ ----------------------------------- --- S H E ET 05 \ \\\ , - -------- PARCELS 19.8-19.9 m an 96! 960 "0 946 ' � 987 \`�� i l i afa 964 947 , LOTS 923-992 se8 970 ; + , 9so 91 7 alg 9f8 9fe 9!! 9l0 909 9os 907 9oe LOT COUNT: 158 . 1 9e9 � / 1 ass 9l4 ' AA N0. 4 •' -- -- i ' LOTS 1213-1219 ;' / ' ' / - I TOTAL LOT COUNT: 332 ; ___ ___ _—_ _—� ��� (77 LOTS) J" ?' g �•- __ __ — -- _ _ _ ` 965 060 967 we ,` ..� \ ` �\ 874 97,8 / , " "--ice ' + 894 ` / I -y- , "/ 971 ► ` !��'- / @� 89e 897 I 1 878 1 / / ` `�` ` ! I I we �` (,j,f �i !`''-__ s88 s89 gpp 901 00 M 904 906878 ' �� a� ssf �� y _-''� ► i see � � 1 1 1 ''- _ ► i Q i air + i ' I ' eq7 / 1 , ' 1 - , , ► ► ' ► 88e 898 89f ' 1 1 I I / 88e 1 980 , ► ggg 1 I I 878 880 , i , 1 984 996 ► , I 1 888 1 ' 888 887 888 886 884 888 M ' ► ! 888 ► ► 1 1 ► ' t 876 I 99! ; cC i @96 ► �---- - _— S H E ET 04 --- -- -- roa$ 884 ► ' - -- -- _. LOTS 814-922 -- -- - _ ' M ' I I @ef (109 LOTS) I 1 ► 880 loos ; 1 i fool 99e ; ; ; 99s ; ► esa ess 88@ e8 878 I 1 8" 888 ee9 870 871 1004 ' , 1000 887 ' ' 994 I an ' foo6 1 1 1 I 1 , ► , 1 , 1 , 999 , 1 , fo8f lose lose foa4 foes , 9K , 868 1 .`` ' 1 88@ 1 1 1 ' ' 820 1 , 868 867 868 8b6 8S4 1 I 1 ' >_ 1008 ' `♦ ----�/ ♦� -- --- -- -- -- ��i 1 I I j ' ♦� 868 I , ; an s6f 850 849 848 847 "' `�♦ 1 ------------- � /J Ot♦ 1007 O 1000 , 1 , two SHEET 06 to" ton lost , 1 lose 1 1 8f7 , , 1 O 1009 ' I ; , I i 1 I al9 i i es8 B80 8$t @sa g� sa4 eaa 888 sal am as 840 84! so 848 a" 846 s4s ; O LOTS 993-1073 , 10" ' ( ) 81 LOTS I I I Z �rtrt , , , too , I , 8f6 , , z IO�// j 1010 lOfl fOfs 1018 1014 1016 1016 fOf7 f0f8 fOf9 fOsO ; 1 ' 8!4 1 818 8f8 811 810 808 ' ILL ''nn f078 1 ; i , f04! ' 808 807 808 806 804 808 M Sol 800 799 798 787 798 o y fo70 j I 10+9 1048 1047 loos 1046 1044 1048 ' �� ' ♦l ------------------ ' ; 784 786 788 787 788 789 790 79l 792 7" 704 796 f089 1 /f , 1 __ 0 1-�- �i�j foss 1 1 I 1 7" 1 0' 1 ' ' SHEET 0 3 1 7" 78s 7@t 790 "s 778 7" 778 774 ; 1 z 1 1 lobo lost to" fobs to" loss 1068 1 I ( I I I I 1 7s6 I I 1 Q , >` ' 1 7sa LOTS 719-726 ``� -- -- --- 1 w — Q -- —— -- -- --- -- 0 ' _ _ _ _ ; 721 749-750, 753-754 Lu � --- -- -- --- -- --- -- -- � � 7so 756-767, 769, 771 , 774 1 ,� -- -- -- -- -- -- -- -- -- -- �• 1 7-5 1 1 G CE AVE 776-813 1 769 780 78f 76,8 7e@ 784 786 788 7e7 789 RADIA foes 1064 1083 1088 1001 1000 1060 1068 1067 1 1 7f9 i i i 1 (65 LOTS) I 1 768 7" 768 It" 768 750 749 , I , � 1 co I ' N , p — � ' 1 a c � NORTH i KEY MAP Z SCALE: 1 "= 150' 0 Q�oiesslonall f' O �a ���FICA TF use^ Of e do o 22861 s 11MOTHY D. M CRALL Ent&j r w o ir z 3=N.44th StrbetSSult 250, l oenb4 AZ MS Tel: 602244. / Fay¢ 802244tU47 °�' � DNA V��� www.entelfmoom Q (—e E m a) co co SUPERSTITION VISTAS Q COMMUNITY FACILITIES z DISTRICT NO. 1 0 U N APACHE JUNCTION, ARIZONA 0 o Contact Arizona 811 at least two full KEY MAP working days before you begin excavation ASSESSMENT AREA NOA 0 0 i ; DRAWN BY: JB DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS J Call 811 or click Arizona811.com DATE: 08/05/2024 ENT PROD #: 745.028D 02 06 LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA(SOM ASSESSMENT NO. LOT NO. AREA(SOn ASSE93LENT NO. LOT No. AREA(SQ.F1 ASSE93AWr faMATCH LINE WT: 719 8AW 01-04-1-19.6-719 Wr: 7" 4.880 01-04-1-19.6-784 LOT: 70 4y937 Wr: 720 6,4W 01-04-1-19.6-720 Wr: 765 4�M 01-04-,19.6-765 Lor: 790 4;873 01-"_1-19.6-790 SEE SHEET 04 WT: 721 8,45o m-04-1-M-721 LOr: 766 4,680 01-04-,19.6-766 Wr: 791 4,819 01-o4-,1a6-79, MATCH LINE 1 Wr: 722 km01-04-1-19.8-722 Wr: 787 4.680 Ot-M-,1a.8-767 LAT: 792 4ti796 Ot-04-1-19.6-792 LOT: 723 6,450 01-04-1-19.6-723 LAT: 789 4m Ot-W1-19.6-789 LOT: 793 4.M Ot-04-1-19.8-793 SEE SHEET 04 81`� 812 81 1 810 809 I LOT: 724 4 m 04-1-196-724 LOT: m 4sM W-1-19.6-m LOT: 7% 4�,7n 04-t-19.6-794 1 808 807 1 LOT: 725 4.= 01-04-1-19.8-72s LOT: n4 4,881 01-04-1-1a.6-n4 Wr: 795 4 M 01-04-1-19.6-795 ♦ 806 805 804 803 802 801 800 799 798 797 q96 1 1 I I ♦`'--- ----- ----- I LOT: 726 4.905 01-04-1-19.6-725 LOT: n6 b797 01-04-1-19.6-776 LOT: 796 44n Ot-04-,-,9.6-798 --- I LOT: 740 4,680 01-04-1-19.6-748 LOT: M 4,913 01-04-t-19.8-m LOT: 797 4 7M 01-04-1-19.6-7a7 ---- 1 ----- ----- ----- ` 0I-04-1-19.8-750 tAT: 778 4,915 01-04-1-19.8-n8 t:OT: 798 4904 01-04-119.6-798 1 1 I `♦` ` _ -- ♦; I LW: 7W 4 M 01-04-1-19.8-753 LOT: 7n 4.925 M-0-t-19.8-77a LOT: 799 4 W 01-04-1 19.6-799 I I 1 `♦♦ I I%'-'"'""" - -_ ��♦ \ 1 LOT: 754 4y 01-04-1 19.6-754 LOT: 780 4,936 01-04-1 19.6-780 L0T: 800 5. 01-04-1 ta.6-800 -- 1 I LOT: 756 b� Ot-04-119.8-758 L0T: 781 50 8 Ot-04-1-19.6-781 LdT: 801 5.082 01-W-t-19.6-801 I ----- ----- ----- ----- - ----- - I I 1 I --- ---- �♦ j 1 LOT: 757 4M 01-04-1-19.8-757 LOT: 782 %110 01-04-119.6-782 LOT: em 5.082 01-04-1-19.6-802 / I ♦ l / 1 1 1`` I LOT: 758 4,M 01-04-1-19.6-758 LOT: 783 5.207 01-04-,19.6-763 WT: 803 %083 01-04-1-19.6-803 ♦ / / ♦ `♦ ------------------J/� 1 784 785 786 I 1 1 I WT: 759 4AM 01-04-119.E-759 WT: 784 4452 01-04-119.6-784 LOT: 804 4063 01-04-,19.6-604 -----------------------------411 1 `v?------------------ I 1 787 788 789 790 791 792 793 794 795 1 1 L ` I I I 1 Wr: 760 4 m 01-04-1-19.6-780 WT: m 5.352 OL-041-19.8-785 WT: am 4082 M-04-1-19.6-805 _ _ - _ - - - - I 1 I I LOT: 761 4^ M-041-19.8-781 LOT: 786 5,292 01-W-t-19.6-786 LOT: am W9 01-04-1-19.8-M 1 1 1 1 1 LOT: 782 4,680 01-04-1-19.8-782 WT: 787 4,135 01-04-t-19.8-787 LOT: 807 4990 01-04-1-19.6-807 / ----------------------------------------------------------------------------------- I 1 I 1 W Wr: 763 4,680 01-04-1-198-763 Wr: 786 4028 Ot-04-,-,9.6-788 WT: 80B 4ti979 01-04-1-ta.6-808 I I I 7,28 724 I I I 1 I I 1 i 1 I i 788 782 781 780 779 778 777 776 774 I I I 1 1 1 ( 1 1 Wr TABLE I 1 1 1 1 I 1 I I 725 I ♦` J� 1 I 1 O LOT NO. AREA(sq.M ASSESSMENT NO. 1 I ♦ / I / 1 1 722 1 �♦L --- O WT: 809 VW 01-art19.6-808 ---- ----- ----- -- ----- ----- - - I ` I I 1 LOT: 810 4" O1-04-1-19.8-810 / I I 726 - - - - - - - - - - - - - z WT: 811 4.829 01-04-1-1a.6-8t1 721 O LOT: 812 4,W 01-04-1-19.E-812 ----- ----- ----- ----- ----- ----- ----- ----- ----- - ----- - ----- `♦ I 1 1 I 1 1 !/ ♦1♦` 1 I I WT: 813 4,815 01-04-t-19.E-813 1 I I 1 1 I 1 1 720 I 1 759 760 761 762 768 764 765 766 767 769 771 I 1 I 1 1 I 1 1 I 1 i I 1 I I 1 719 I I 1 1 I I 1 1 1 1 I 1 I 11 1 1 ' i l l I I 1 KN l 1 1 ' i I 1 II 1 1 i 758 757 756 754 758 1 750 749 I 1 1 1 1 I 1 I 1 I / I `,L ----- ----- ----- - ----- ----- - - - ----- ----- - - - - - 1 I - - - - - - - - - 1 I 1 1 I - -- -- - -- - -- - -- - -- - -- - -- - -- - -- - -- - -- _ I I I IN I S 4358 6 7 8 9 0 11 )10 S 1 1 1 i 1 LEGEND: I o NOT A PART OF ASSESSMENT N 1 DISTRICT 1 O 1 PARCEL LINE Q ( ROW LINE w 1 LOT LINE 0 1 --------------- EASEMENT LINE - - CENTER LINE 100 LOT NUMBER ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- U 01-01-1-19.1-100 DEVELOPMENT UNIT # -PARCEL # -LOT # L n (L 00 N O 0 d- a i N G N C.� r}- O a U Z O Q�ofsssiono/f' O ♦°� �\�FICA TF use^ Of b V y0 o 22861 s 11MOTHY D. M CRALL F=&Us o Z 3033 N.44th StrbetBSult 250, l oenb4 AZ MS Tel: 602.244. / Fay¢ 802.244.U47 Q 2 NA www.entellus.00m E m a) co co VISTAS COMMUNITY FACILITIES Z DISTRICT NO. 1 0 U N APACHE JUNCTION, ARIZONA 0 o Contact Arizona 811 at least two full PARCEL NO. 19.6-19.7 working days before you begin excavation / ASSESSMENT AREA NO. 4 O SHEET TOTAL 80 40 0 80 160 s UK IDRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS SCALE: 1 "- 80 Call 811 or click Arizona811.com DATE: 08/05/2024 ENT PROD #: 745.028D 03 06 LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA(SQ.Fn ALIT NO. LOT NO. AREA(SQ.Fn ASSESSAIENT NO. LOT NO. AREA(MM AS'SESSIOn'NO. LOT: 814 5.806 01-W-t-19.8-814 LOT: $34 507 01-04-1-19.6-834 Wr: 854 6,193 0I-04-1-19.6-854 LOT: 815 5,807 01-04-1-19.E-815 LOT: 835 5,94E 01-04-1-19.6-835 LOT: 855 0,193 01-04-1 19.6-855 LOT: 816 5A57 01-04-1 19.E-816 LOT: 836 5.957 01-04-1 19.E-S36 LOT: 856 61101 01-44-1-19.E-m LOT: 817 5,904 01-04-1-19.E-817 LOT: 8371 5.853 Ot-04-t-79.E-837 LOT: 8571 6,161 M- 4-1-19.E-857 LOT: Me 502 01-04-1-19.E-818 LOT: 838 5.852 01-04-1-19.E-838 LOT: 858 6.328 01-04-1-19.6-858 1 LOT: 819 5.9&5 M-04-1-19.E-819 LOT: 839 5,852 LOT: so On 01-041-19.E-M 1 1 LOT: 820 5,975 01-W-1-19.E-820 LOT: 040 5,853 01-W-t-19.6-840 LOT: 800 6,175 01-04-1-19.8-M WT: 821 6.000 Ot-04-t-19.E-821 LOT: 041 "m 01-04-1-19.8-841 LOT: 861 6,136 01-04-1-19.E-861 LOT: U21 059 01-W-1-19.E-822 Lff: W 5AX 01-44-1-19.8-842 LOT: 8621 8,111 01-04-1-19.E-862 ' LOT: 823 6,055 01-04-1-19.E-823 Wr: 843 5,813 01-04-1-19.E-843 LOT: 863 6,18o 01-04-1-19.6-863 1 1 LOT: 824 5AW 01-04-1-19.E-824 LOT: 844 5,841 01-04-1-19.6-844 Wr: 864 5,947 01-04-1-19.E-864 LOT: 825 508 01-04-1-19.E-825 LOT: 845 5,912 01-04-1-19.6-846 LOT: 855 5,947 01-04-1-19.E-865 LOT: 826 502 01-04-1-196-828 LOT: 846 Alen 01-04-1-19.E-848 LOT: 886 km 01- 4-t-19.E-866 ' LOT: 8271 5,999 01-04-1 19.E-827 LOT: $471 5,863 01-04-1-19.6-847 LOT: W71 6,039 01-04-1 19.6-867 1 1 LOT: 828 6,134 01-04-1 19.E-828 L0T: 848 6,125 01-0-1-19.E-848 LOT: 868 5.99E 01-04-1 19.6-868 LOT: 829 6,428 01-04-1-19.E-829 LOT: 849 6,144 01-04-1-19.E-849 L0r: 869 5,99E 01-04-1-19.E-869 LOT: WO %461 01-04-1-19.E-830 LOT: NO 6,144 01-04-1-19.6-850 LOT: 870 5.99E 01-04-t-19.8-870 00 RADIAN LOT: am 6,433 01-04-t-19.E-831 LOT: 851 6,144 01-04-1-19.E-651 LOT: an %W 01-WI19.6-671 E AVENUE LOT: 832 6,413 01-04-1-19.E-832 LOT: 852 SA37 01-04-1-19.6-M LOT: 572 7,731 Ot-W-t-19.8-872 LOT: 833 I S.aW I 01-W-1-19.8-833 I wr: awl 6,3t11 I of-W-t-79.E-4m I LOT: an 1%431 o1-W-1-19.8-873 _____-_- ` --------- LOT TABLE LOT TABLE LOT TABLE / 1_______--______________ -------% � LOT No. AREA(am ASSESSOff NO. LOT No. AREA(MM AS IT NO. LOT No. AREA(%M ASSESSWW NO. 1 j 919 LOT: 974 8.991 01-04-1-19.6-874 LOT: 894 5A95 01-04-1-19.8-*4 L0r: 914 5,7n 01-04-1-19.6-914 1 920 918 917 LOT: 875 6,017 01-04-1-19.E-875 wr: 895 5.901 01-04-1-19.6-M wr: 915 5" 01-04-1-19.E-915 / 916 915 914 913 1 LOT: 878 6,030 o1-W-t-19.E-876 LOT: 896 5" 01-04-t-ta.6-m LOT: 916 5,822 o1-W-t-19.E-916 --- ` 9 t 2 911 910 909 908 907 906 i LOT: Sn 6,030 m-04-1-19.8-a17 LOT: 807 1 5" 01-04-1-19.E-07 LOT: 9171 5.822 01-04-1-19.E-917 LOT: 978 6,030 01-4m-1 19.E-878 LOT: 898 5,902 01-0-1-19.E-M LOT: 918 6,01E 01-04-1-19.E-918 1 1 921 / _ - I LOT: 879 5AN 01-04-1-19 8-879 LOT: 899 5,902 01-04-1 19.E-899 LOT: 919 8.479 01-44-1 19.E-919 --- - Ir ----- 881 ' LOT: 880 5A% 01-04-1-19.8-M wr: 900 5,943 01-04-1-19.6-900 LOT: 920 91677 01-04-1-19.6-920 LOT: 881 6,728 01-04-1-19.6-861 LOT: 901 5.902 Ot-04-1-19.E-901 LOT: 921 7.631 Ot-041-19.E-921 ,. 922 l '/ _ _ ♦ 1 LOT: 882 8,081 m-14-1-19.E-882 LOT: 902 5.902 Ot-o4-t-ta.6-902 LOT: 9221 6.34+ 01-o4-t-19.E-922 1 880 I tAT: 883 6.112 01-W-1 19.8-883 tAT: 903 5,902 Ot-W-t 79.8-903 --- ' LOT: 884 8.112 Ot-W-t-19.E-884 LOT: 904 5,902 Ot-W-t-19.E-904 ----� 1`� 1 ' LOT: 885 6,112 01-W-1-19.E-M LOT: 905 5,M1 01-W-t-19.8-905 1 � 896 897 898 899 1 1 879 1 LOT: 866 8.112 01-. -1-19.E-686 Lar: 900 8,020 01-W-t-19.E-906 f 900 1 1 LOT: 867 6.314 01-04-1-19.E-887 Wr: 907 4114 01-041-19.6-907 -- 901 902 903 904 905 1 ' I I '� _ 1 LOT: M 6,112 01-04-1-19.E-888 LOT: 908 6,101 01-o4-t-19.E-908 878 1 LOT: M 6,112 01-04-1-19.6-M LOT: 9W 5AM OHX-1-19.E-908 II f 828 ` ' 1 LOT: 890 6,112 01-44-119.E-NO LOT: 910 Sim 01-04-119.E-910 877 LOT: 891 6,112 01-04-1-19.E-891 LOT: 911 5,878 01-04-1-19.E-911 LOT: 892 6,112 01-04-1-19.E-02 LOT: 912 5,878 01-04-1-19.E-912 f I 1 �I f 827 1 I 893 892 1 1 ' W LOT: M6,1111 M-04-1-19.E-�3 LOT: 913 5" Ot-04-1-19.6-913 891 890 889 888 887 1 I 876 ry 1 ; 826 I ���.-- - -_- 886 885 884 883 882 1 L 1 875 I 1 I ; 825 i _--.__ ----- --- ----- ----- ----- ------ ----� i O ' O LEGEND: N 874 I o 824 i f --- ----- --- -- / 1 z ASSESSED IMPROVEMENTS ____ .' I (RADIANCE AVENUE) I > ; I4Q ; I 1I I ;i 860 ;I I 'i 1861 PARCEL L INE862823 ; 863i 1 864 865Q 866 873 ROW LINE 867 868 869 870 871 LOT LINE W 872 o i I i 822 1 1 I i 1 --------------- EASEMENT LINE 1 1 I 1 I 1 I CENTER LINE a i 1 i 821 I 1 100 LOT NUMBER 1 I 1 I I 1 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- 1 01-01-1-19. 1-100 L 859 858 i 1 DEVELOPMENT UNIT # -PARCEL # -LOT # n i ' i 820 1 854 1 857 856 855 i I i I 1 I 1 853 00 1 1 852 851 850 849 848 847 819 I I �`- ---- ----- ----- ' ► i r 1 1 1 --- + 1 ---- ------ ----- ----- ------ -- I I 1 1 ------------ _---- i 1 ' ( 817 1 1 ----- ----- -- ---- ---- ---- ---- ----- ----- ----- --- v 1 I I I I I Z 1 1 I 1 1 829 830 831 832 1 1 1 833 834 8 816 1 1 35 836 837 838 839 840 846 841 842 843 844 845 ; Q�oEessiono/f' O 1 I 1 L 1 1 �a ���FICA tF22861 I 1 e o ' 1 1 815 1 I 1 `� TIMOTHY D. I i i CRALL M z° i ' a ' ' 814 1 303 TN 2 N. Strbet 6Sult 250C 1 oxiibt Az 85018 1 1 1 MATCH LINE BONA &�24k8947 \3 www.entel� SEE SHEET 03 m MATCH LINE co co co SHEET 03 SUPERSTITION VISTAS COMMUNITY FACILITIES Z 0 DISTRICT NO. 1 U N APACHE JUNCTION, ARIZONA 0 o Contact Arizona 811 at least two full PARCEL NO. 19.6-19.7 working days before you begin excavation ASSESSMENT AREA NO. 4 O SHEET TOTAL 80 40 0 80 160 rem 1DRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS IJj SCALE: 1 "= 80 Ca11 811 or click Arizona8l l.com DATE: 08/05/2024 ENT PROD : 745.028D 04 06 LOT TABLE WT TABLE LOT TABLE WT NM AREA(90n ASSESSMTNM WT N0. AREA(SQFi) ALIT NO. WT NO AREA(SQO ASSESSMT NM LOT: 923 1OA4 01-04-1-19.8-923 LOT: 943 7,131 01-04-1-19.8-943 LOT: 953 7,644 01-04-1194-963 LOT: 924 7,401 01-04-1 19.8-924 LOT: 944 7,043 01-04-1-19.8-944 LOT: 964 7,822 01-04-1-19.8-964 LOT: 925 6,710 01-04-1-19.8-925 LOT: 945 7,104 01-04-1-194-945 LOT: 995 7,622 01-04-1-19.8-965 LOT: 9261 8,706 01-04-1-19.8-928 L r: 9461 7,330 01-04-1-194-946 LOT: 968 1 7,629 Ot-04-1-19.8-966 LOT: 927 8,703 01-04-1-19.8-927 LOT: 947 7,525 01-04-1-194-947 LOT: W7 7,629 01-04-1-19.8-W7 LOT: 928 6,450 01-04-1-19.8-928 LOT: 948 7,411 01-04-1-19.8-948 LOT: 908 7,629 01-04-1-19.8-988 LOT: 929 4,440 01-04-1-19.8-929 LOT: 940 6,872 01-04-1-19.8-949 LOT: 909 7A07 01-04-1-19.8-90 LOT: 930 8.443 01-04-1-194-930 LOT: 950 GAW 01-04-1-19.8-950 LOT: 970 7,277 01-04-1-19.8-970 LOT: 9311 8,440 01-04-1-19.8-931 LOT: 951 8AW 01-041-19.8-951 wr: 9711 7,471 01-04-1-19.8-a71 LOT: 932 ON 01-04-1-19.8-a32 LOT: 952 GAW 01-0-1-19.8-952 LOT: 972 818" 01-04-1-19.8472 LOT: 933 6.854 01-04-1-19.8-933 LOT: 953 6,502 01-04-1-19.8-953 LOr: 973 7AW 01-04-1-19.8-973 LOT: 934 61809 01-04-1-ta.8-934 LOT: 954 7,738 01-04-1-19.8-954 LOT: 974 7,8W 01-04-1-19.8-974 LOT: 935 6,817 01-04-1-19.8-935 LOT: 955 6,875 Of-04-1-19.6-955 LOT: 975 7,714 01-04-1-194-975 __ LOT: 936 8,485 01-04-1-19.8-936 LOT: 956 6,875 01-04-1-19.8-956 LOT: 976 8,918 01-04-1 19.8-976 LOT: 937 8A19 01-04-1-194-937 LOT: 957 7,503 01-04-1-19.8-957 LOT: 977 BAB 01-04-1-194-977 LOT: 938 61681 01-04-1-19.8-938 LOT: 958 8,003 01-04-1-19.8-958 LOT: 078 7,708 01-04-1-19.8-978 LOT: 930 4,730 01-04-1-193-939 LOT: 959 7,346 01-04-1-19.8-959 LOT: 979 8,875 01-04-1-194-979 __ Wr: 940 8,681 01-04-1-19.8-940 LOT: 960 7,233 01-04-1-19.8-960 LOT: 980 km 01-04-1-19.8-980 1215 1214 1213 941 940 939 938 ► ► q L001, WT: 941 cm 01-04-1-19.8-941 LOT: 981 7.40 01-04-119.8-981 LOT: 981 7,108 01-04-1-19.8-981 - 937 , ► N�936 ► ► -`__ _ L0T: 942 7,118 Ot-04-1-19.8�942 LOT: 962 7,7Q5 Ot-O4-1-19.8-962 LOT: 982 7,125 Ot-041-198-982 ► 935 -` / ----- ----- ------ ------ ► •..____ ----- ----- _____ i 934 _ 1 ` J / 933 `'`-� LOT TABLE LOT TABLE 1 -- - 1 _ _ --- -- _ _ ► `j-- 932 _ LAT N0. AREA(SQ F h ASSESiT N0. E: 1215 AREA( ASSESSIT N0. - '� -- ' 931 `- ---- WT: 983 8,851 Ot-04-1-19 8-983 4,758 Ot-04-1-19.8-1213 ---- ----- ------ ------- ---- 930 `�- ----- ------ ; '`\` 929 `�_ LOT: 984 8,805 01-04-1-19.6-984 6.0 01-04-1-19AH214 �i�' - `- 928 - LOT: 985 7,169 01-04-1-19.8-985 SAN 01-04-1-19.8-1215 'r' \� 927 LOT: 986 607 01-04-1-19.8-986 LOT: 1216 6,272 Ot-04-1 19.8-1218 1216 1217 1218 1219 942 943 944 945 ► ' i _ ```` -___ 926 LOT: 987 6,875 01-04-1-19 8-�7 LOT: 1217 6,465 01-04-1-19 8-1217 946 ► "_,� __ �� - -_ _ 925 924 LOT: 988 7,826 01-04-1-19.8-98B LOT: 1218 6,640 01-04-1-19.8-1218 1 962 `-� �`-�_ LOT: 989 7,840 01-04-1-19.8-M LOT: 1219 8,934 01-04-1-194-1219 ► ' ► 923 WT: 9901 7AB5 Ot-04-1198-990 �' ► ` ` LOT: 991 WV 01-04-1-19.8-991 963 ' \ `"\` _ •�� L0T: 992 7,558 Ot-o4-t-ta.8-992 961 964 ► 965 ,� ► i 966 ` 954 953 952 951 950 949 948 / 960 967 NN 947 968 �j; 969 970 ► ► - _ i 959978 i - - - �� ► + 1 , ------ ------ ------- _ 977 976 i 1 ```� ` 975 ► ___- 974 ' LEGEND: 955 956 957 � ��� �� __- ► 958 i 972 ► ► ----- O I i 971 i ASSESSED IMPROVEMENTS 1 1 i `` - ► 0771��988 (RADIANCE AVENUE) 1 i i ���� _ '`- _ ► PARCEL LINE i979 Q 1 1 �� 980 `; _`_ _ _____ ROW LINE - / _ -;�' ► 989 LOT LINE Q981 ► .'�' '- --_'__ _ ► ► --------------- EASEMENT LINE �► 982 - - CENTER LINE ► ► ► ► ► ► 983 `-- �� ► ► 990 100 LOT NUMBER ► �► 984 ASSESSMENT NO.= CFD # -ASSESSMENT AREA MATCH LINE 1 i 985 986 i i 01-01-1-19. 1-100 DEVELOPMENT UNIT # -PARCEL # -LOT # SEE SHEET 06 { ; 987 ; ► 991 00 ► I -•., / I 992 C MATCH LINE 0 SEE SHEET 06 a U Z O Q'itill 10 f' O �a �FICA rt use^ o 22861 s 11MOTHY D. M CRALL Ent&j r w o Z 3033 N.44th Street Sult 250, f oxiibt AZ 8=8 Tel: 602.244.2586 / Fay¢ 802.244 8947 °�' � DNA V��• www.mtdlus.00m Q (_e E m a) to to VISTAS COMMUNITY FACILITIES Z DISTRICT NO. 1 0 U N APACHE JUNCTION, ARIZONA 0 o Contact Arizona 811 at least two full PARCEL NO. 19.8-19.9 working days before you begin excavation / ASSESSMENT AREA NO. 4 O 80 40 0 80 160 sIrOG 01AUK IDRAWN BY: JB DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS SCALE: 1 "- 80 Call 811 or click Arizona811.com DATE: 08/05/2024 ENT PROD #: 745.028D 05 06 MATCH LINE LOT TA81.E LOr TABLE LOr TA81.E SEE SHEET 0 5 Lor NO. AREA(%M A 4r Na LOT Na AREA(SQ M AS IT Na LOT No. AREA(amA 4T NO. LOT: 993 7,558 01-04-1 19.6-993 LOT: 1013 6,440 01-0-1 19.6-1013 LOT: 1033 8,450 01-0-1-19.6-1033 LOr: 994 7,848 01-04-1-19.6-994 LOr: 1014 6,449 01-04-1-19.6-1014 LOT: 1034 8.450 01-04-1-19.6-1034 LOT: 995 7.681 01-04-1-194-995 LOT: 1015 6,450 01-04-1-194-1015 LOT: 1035 4450 01-04-1-194-1035 j LOr: 996 OA63 01-04-1-19.E-996 LOr: 10161 6,450 01-04-1-19.E-1016 LOr: 103E 1 6,96E 01-04-1-19.E-1036 1 j LOT: 997 81600 01-04-1-19.E-997 LOT: 1017 6.450 Ot-04-1-19.E-1017 LOT: 1037 49M 01-04-1-19.E-1037 1 1 LOT: 998 8,500 01-04-1-19.E-998 LOT: 1018 8,460 01-04-1-19.E-1018 LOT: 1038 8,864 01-04-1-19.8r1038 1 ; MATCH LINE LOr: 999 9.488 Ot-04-,19.$-999 un: 1019 MW 01-04-119.E-1019 LOT: ,039 W5 Ot-04-,19.61039 1002 1 1 1 1 1 SEE SHEET 05 LOT: 1000 1 8,724 01-04-119.E-1000 LAr: 1020 6.440 01-04-1-19.E-1020 LOT: 1040 8,782 01-04-1-19.E-1040 I 1 1 1 1 1 LOT: 1001 9.219 01-04119.8-1001 tAT: 1021 6,450 01-04-1-19.8-,021 WT: 1041 6,713 01-04-,19.81041 I 1 I 1 I 1 I LOT: 1002 7,119 01-04-1-19.8-1002 LOT: 1022 6,450 01-04-119.81022 WT: 1042 8.652 01-04-1-19.8-1042 1003 1 1001 996 I 1 1 993 LOT: 1003 7,119 01-04-1-19.8-1003 LOT: 1023 0,460 01-04-1-19.8-1023 LOT: 1043 6,575 01-04-1-19.8-1043 1 I 1 1 LOT: 1004 0,955 01-04-119.81004 LOT: 1024 0,450 01-04-1-19.8-1024 LOT: 1044 SAM 01-04-1 19.81044 1 I 1 1 � 1 1 1 I 1 LOT: 10051 6.700 01-04-1-19.8-1005 LOr: 10251 6,450 01-04-1-19.8-1025 LOT: 1045 61575 01-04-1-19.8-1045 1 1004 ' I ( 1 I 1 LOT: 100E 6AW 01-04-1-19.81006 Wr: 102E 6,450 01-04-1-19.8-1026 LOT: 1046 SAM 01-04-1-19.8-1046 1000 997 I 1 1 I 1 1 994 LOr: 1om 6AW 01-04-1-19.8-1007 Lor: 1027 OAM M-WI-193-1027 LOT: 1047 6,575 01-04-119.8-1047 LOT: 1008 6,450 01-04-1-194-1008 LOT: 1028 6.461 01-04-119.81028 LOT: 1048 6,575 01-04-1-194-1048 LOT: 1009 6.440 01-04-119.8-1009 LOT: 1020 6.451 01-04-1-19.E-1029 LOr: 1040 SAM 01-04-119.8-1049 1005 I it 999 998 I 1 1031 1032 1033 1034 1035 1 i 995 WT: 1010 6,M8 o1-a4-119.61010 WT: 1030 OAM 01-0-119.6103o LOT: 1050 elm o1-04-119.61050 1 1 L0r: 101, 6,440 01-04-119.8-1011 LAr: 1031 6.450 01-04-1-19.8-1031 L Or: 1051 SAM 01-04-1-194-1051 8,440 M-04119.81012 LOr: 1032 0,460 01-04-119.81032 LOT: 1052 S,575 01-04-1-19A-1052 100E1 ``----------------------------------�i `� ----- ------ ------ ----- ------ ---�/ 1 • / I I 1036 1 _ 1 1007 ' - - - - - - - - - - - - - - 1 Lor TABLE 1 1 ---� 1 LOT N0. AREA(srlrr7j A4T NQ i-------- ----- ------ ------ ----- --- ------ ------ ----- ------ ------ - 1 1 1037 LOT: 1053 8,575 01-04-1 19.8-1053 j j 1 1 1 LOT: 1054 6.515 01-04-119.81054 1008 ; , i I I LOT: 1055 6.575 01-44-1-19.E-1055 1030 1029 1028 1027 102E 1025 1024 1023 1022 1021 i 1038 LOr: 1056 6.575 M-04-1-19A-tom I I 1 1 1 LOT: 1057 6AW 01-04-1-19.81057 1009 Lor: 1058 6.460 01- 4-119.61o5e I I 1039 LOT: 1059 8AW 01-04-1-192-1059 I 1 I LOT: 1000 8.450 01-04-1-19.8-1060 I j 1 1 1 LOT: 1061 4,450 01-04119.8-,061 I 1 i 1040 LOT: 1062 6.460 01-04-1196-1062 I I I I LOT: 1063 6.450 01-04-1194-1003 ' i 1010 1011 1012 1013 1014 1015 1016 1017 1018 1019 1020 I 1 I LOT: 1064 6.450 01-04-1-19.81064 1073 i j 1041 LOT: 1065 6.327 01-04-1 19.81065 1 � Lor: 106E 6,570 01-04-1-1e.6-1066 1 .` ---- ------i 1 Lor: 1097 km 01-04-1-19.81067 1072 / 1042 Lar: 1068 6,455 01-04-119.E-1065 1 - - - - - - - - - - - - LOr: ,069 SAW 01-04-1-19.8-1069 I LOr: 1070 8.455 01-04-1-19.8-1070 1071 ► /i•--- ----- ------ ----- ------ ------ ----- ------ -------- � LOT: 1071 6.46E Ot- 1 04-, 9.8-,071 1 /' ;♦ I / LOT: 1072 6.465 01-04-1-19.8-1072 1 I I I LOr: 1073 6.465 01-04-1-19.8-,073 1070 1 i 1049 1048 1047 1046 1045 1044 1043 ` 1 1069 LEGEND: I N 1068 1 1 1 PARCEL LINE L ► 1 1050 1051 1052 1053 1054 1055 1056 � LOT'LINE , 1067 ► 1 -------------- I - EASEMENT LINE �. W 1 ` ----- ------ ------ ----- ------ ------ ----- ------- CENTER LINE 1066 _ _ 100 LOT NUMBER �- 01-01-1-19 ASSESSMENT NO.= CFD # -ASSESSMENT AREA . 1-100 #- DEVELOPMENT UNIT # -PARCEL # -LOT # - ------ ----- ------ ------ ----- ------------------ a_ U i 1065 1064 1063 1062 1061 1060 1059 1058 1057 0 00 N O 0 d- a N G N C.� r}- O a U Z O Q�ofsssiono/f' O �a ���FICA roc use^ e ti0 o 22861 s 11MOTHY D. M CRALL o Z 3033 N.44th StrbetSSulty 250, l oenb4 AZ S501S Tel: 602.244.225588E // Fay¢ 802.244t8947 °�' � DNA V��• www.mtdlus.00m Q (_e E m a) co co VISTAS COMMUNITY FACILITIES Z DISTRICT NO. 1 0 U N APACHE JUNCTION, ARIZONA 0 o Contact Arizona 811 at least two full PARCEL NO. 19.8-19.9 working days before you begin excavation / ASSESSMENT AREA NO. 4 80 40 0 80 160 s DRAWN BY: JB DESIGN BY: JB CHECK BY: TC SHEET TOTAL N0: SHEETS SCALE: 1 "- 80 Call 811 or click Arizona811.com DATE: 08/05/2024 ENT PROD #: 745.028D 06 06 SUPERSTITION VISTAS DFD IUD 1 . ROLL CALL DATE: TIME: YES E CUSED NO CHAIRPERSON WILSON VICE CHAIRPERSON SCHROEDER BOARDMEMBER CROSS BC ARDMEMBER HECK: BOARDMEMBER J }HNSON BOARDMEMBER NESSER BOARDMEMBER SOLLER District Manager Bryant Powell Assistant District Manager Matt Busy District Clerk Jennifer Pena Deputy District Clerk Evie McKinney District Attorney Joel Stern District Director Milo Loggins District Controller Connie Chew District Administrative Assistant Rita Vineyard District Billing Supervisor Stacey Ramirez District Treasurer Angelie Hawley Utility Director Tech Wolff District Project Manager Charles Briggs District Comm/Mrktg..Director Kayla Fulmer Finance Kimberly Heldt S;\Templates&Forms\R ill Call-SVCFD NO 1 and 2 Attendance.doc SUPERSTION VISTAS CFD NO 1. VOTE - ROLL CALL NOTES: ITEM # JO- MEETING OF 2- MOTION BY: kAeC -SECONDED BY: L4�6 YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER SOLLER VICE CHAIRPERSON --SCHROEDER BOARDMEMBER NESSER BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEMBER JOHNSON 44 CHAIRPERSON WILSON L TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 1 s:\templates&forms\vote call-svcfd no idocx SUPERSTION VISTAS CFD NO 1 VOTE - ROLL.CALL NOTES: ITEM # 31 MEETING OF 2 04 MOTION BY: SECONDED BY: YES NO ABSTAINED BOARD MEMBERS: BOARC7MEMBER NESSER BOAR }MEMBER JOHNSON BOARDMEMBER CROSS BOARflMEMBER HECK BGARDMEMBER SOLLER VICE CHAIRPERSON SCHROEDER CHAIRPERSON WILSt N TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sleet 2 s:\templates&forms\vote call-svcfd no 1.docx SUPEI STION VISTAS CFD NO 1. VOTE - ROLL CALL NOTES._ {., ITEM # MEETING OF �--r MOTION BY, SECONDED BY: YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER CROSS BOARDMEMBER NESSER BOARDMEMBER SOLLER BOARDMEMBER JO INSON VICE CHAIRPERSON CHROEDER BOARDMEMBER HECK CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 3 s:\templates&formslvote call-svcfd no 1.docx CITY OF APACI E JUNCTION SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 Tuesday, test 20 22 A. CALL TO ORDER I would like to call the Superstition Vistas Community Facilities District No. 1 Meeting of August 20, 2024, to order and ask everyone to put their cell phones on silent. B. ROLL CALL C. AGENDA 1, Consideration of approval of the minutes of the special meeting of June 18, 2024. Do I have a motion? t orit for the motion and the 2nd. Roll Call 2. Presentation, discussion, and PUBLIC HEARING on the final assessment for Superstition Vistas Community Facilities District No. 1, Assessment Area No. 4. Call on 2ach Saws, C D Counsel I will now open the public hearing, public corn sp ark for 5 min. Mould anyone like to speak on these items? Any discussion among the Board's I will now close the public hearing. There is no motion on this 3, Presentation, discussion and consideration of Resolution No. 2024-007 SVCFD No. 1. Call on Z ch Any discussion among the board? Beard can discus. Do I have a motion? Wait for the motion and.second. Roll Call 4. Presentation, discussion, and consideration of Resolution No. 2024-008 SVCFD No .. Call on Zach Any discussion among the board? Beard can discuss. Do I have a motion? Wait for the motion and second. Roll Call - E. DISTRICT MANAGER REPORT- none F. DISTRICT DIRECTOR REPORT- none C. DISTRICT TREASURER REPORT- none N. ADJOURNMENT Next meeting is scheduled for September 17, 2024,-at 6►:00 p.m. Fleeting Adjourned. 08/20/2024 MOTIONS ITEM NO. I -APPROVAL OF MINUTES I MOVE THAT THE MINUTES OF THE JUNE 18, 2024, SPECIAL MEETING (BE APPROVED) OR BE DENIED). ITEM NO. 3 I MOVE THAT RESOLUTION NO. 2024- } 7 SVCFD NO.1 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO; 1 APPROVING THE FEASIBILITY REPORT RELATING TO THE ACQUISITION AND FINANCING OF CERTAIN IMPROVEMENTS BENEFITTING THE DISTRICT; APPROVING THE PRIOR GIVING OF NOTICE OF HEARING RELATING TO THE FEASIBILITY REPORT, DECLARING ITS INTENTION TO ACQUIRE- CERTAIN IMPROVEMENTS DESCRIBED IN THE FEASIBILITY REPORT, FORMING AN ASSESSMENT AREA, DETERMINING THAT SPECIAL ASSESSMENT BONDS MAY BE ISSUED TO FINANCE THE COSTS AND EXPENSES THEREOF UNDER THE PROVISIONS OF TITLE 48, CHAPTER 4, ARTICLE 6, ARIZONA REVISED STATUTES, AND ALL AMENDMENTS THERETO, DECLARING THE IMPROVEMENTS TO BE OF MORE THAN LOCAL OR ORDINARY PUBLIC BENEFIT AND THAT THE COSTS OF SAID IMPROVEMENTS WILL BE ASSESSED UPON THE ASSESSMENT AREA, AND ORDERING THE PUBLIC: INFRASTRUCTURE PROJECTS PERFORMED. BE APPROVED) OR (BE DENIED . ITEM NO. 4 I MOVE THAT RESOLUTION NO. 202 -006 S CFD NO. 1 A RESOLUTION OF THE BOARD OF ECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING THE LEVYING OF AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT AREA NO. 4 WITHIN THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1. BE APPROVED) OR (BE DENIED).