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2025 04.15 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,April 15,2025 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 2 -11 Approval of minutes of special meeting of November 19, 2024. Sponsors: Evie McKinney Attachments: SVCFDIMIN 2024 11 19 MINUTES DRAFT 2. 25-162 Conduct a 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. 5 Special Assessment Bonds. Sponsors: Evie McKinney 3. 25-1 3 Presentation, discussion and consideration of Resolution No. 2025-001 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. 5; and ordering the public infrastructure projects performed. Sponsors: Evie McKinney Attachments: Res No 2025-001 SVCFD NO 1 Feasibility Rpt SVCFD 1 AA 5 SAB Srs 25 4-1-25 SVCFD No. 1 AA5 Waiver Agreement-REQ0RDED(70590514g City of Apache Junction,Arizona Page 1 Printed on 411012025 Superstition Vistas Community Special Meeting Agenda April 15,2025 Facilities District No.1 4. 25-164 Presentation, discussion and consideration of Resolution No. 2025-002 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. 5 within the district. Sponsors: Evie McKinney Attachments: Res No 2025-002 SVCFQ NO 1 SV CFD No 1 AA No.5-Assessment Diagram Plan Set--202E 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 411012025 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 1. File ID: 25-161 Sponsor: Evie McKinney Agenda Date:4/15/2025 Index: In Control: Superstition Vistas Community Facilit Approval of minutes of special meeting of November 19, 2024. City of Apache Junction,Arizona Page 1 Printed on 411012025 Cityof Apache Junction, Ari City Council Chambers paczona 300 E Superstition Blvd Apache Junction,AZ 85119 Special Meeting Minutes apachejunctionaz.gov Superstition Vistas Community Ph:(480)982-8002 Facilities District No. 1 Doors are open to the public at least 15 minutes prior to the posted meeting start time. Tuesday, November 19,2024 6:00 PM City Council Chambers A. Call to Order Chair Wilson called the meeting to order at 6:00 p.m B. Roll Call Staff in attendance: Bryant Powell, District Manager Matt Busby, Assistant District Manager Joel Stern, District Attorney Evie McKinney, District Deputy Clerk Angelie Hawley, District Treasurer Mike Loggins, District Director Charles Briggs, District Project Manager Rita Vineyard, District Administrative Assistant Connie Chow, District Finance Controller Kayla Fulmer, District Director of Marketing and Communications Rob Wisler,District Management Analyst ELi Richardson, District Management Analyst C. Agenda Items 1. Approval of minutes of special meeting of September 17, 2024. Chair Wilson called for a motion.Vice Chair Schroeder moved,seconded by Boardmember Heck that the minutes of the September 17,2024,Special Meeting be approved. 2. Conduct a public hearing on the feasibility report for a proposed project to be financed by the issuance of general obligation bonds of Superstition Vistas Community Facilities District No.1. Chair Wilson opened the public hearing at 6:03 p.m. Receiving no comments,Chair Wilson closed the public hearing at 6:03 p.m. Zach Sakas, Esq. of Greenberg Traurig, outside counsel for the Superstition Vistas Community Facilities District No. 1 presented to the Board the feasibility report for Radiance Avenue. The report explains repaying the bond issuance will be done with the levy of property taxes in the amount of$3.30, on all taxable property, per$100 in net assessed limited property value within the district. City of Apache Junction,Arizona Page 1 Superstition Vistas Community Special Meeting Minutes November 19,2024 Facilities District No. 1 3. Presentation, discussion and consideration of Resolution No. 2024-011 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the prior notice of a public hearing with respect to a feasibility report relating to the acquisition and financing of certain improvements benefiting Superstition Vistas Community Facilities District No. 1; approving the feasibility report; authorizing the issuance of the District's General Obligation Bonds, Taxable Series 2024; prescribing the terms of such bonds; delegating the determination of certain terms to the Chairman, District Manager and District Treasurer; levying an ad valorem tax on taxable property within the District; and authorizing the taking of other actions securing the payment of and relating to the bonds. Chair Wilson called for a motion. Boardmember Heck moved,seconded by Boardmember Cross that Resolution No.2024-011 SVCFD No.1 be approved. Zach Sakas, Esq. of Greenberg Traurig, outside counsel for the Superstition Vistas Community Facilities District No. 1 presented to the Board the background of Resolution No. 2024-011. There are three ways that the CFD collects money from property owners within the district: 1. A 30 cent operation and maintenance property tax that is levied on all taxable property with entities within the district 2. Special assessments on individual residential lots 3. General obligation bonds that are repaid over time with property tax collections on all taxable property within the district(Resolution No. 2024-011) The agreement with D.R. Horton at the time of formation of the district was to institute a target tax rate of$3.30 per$100 of net assessed limited property value on taxable property within the district. The benefit of a general obligation bond issuance is that it establishes the tax rate. D.R. Horton has agreed to purchase the bond directly from the District to make things more efficient and to not incur extra transaction costs in connection with the issuance. This allows the District to reduce fees and not have an underwriting bank that can be seen on some other assessment area transactions. The point is to set the tax rate within the District so that future homeowners don't have a negative surprise with a fluctuating tax rate. Property taxes are fully disclosed to all the homeowners when they're purchasing a home. They are aware of being in a special taxing district, and the additional property tax related to owning a home within the district. District Boardmember concerns included an estimated average tax bill amount, if this information is in the feasibility report and how many years this will continue. Mr. Sakas responded to all concerns. D. District Manager Report City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes November 19,2024 Facilities District No. 1 E. District Director Report - Presentation and discussion of the following items: F. District Treasurer Report - Presentation and discussion G. Adjournment Chair Wilson adjourned the meeting at 6:16 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 12024. WALTER"CHIP"WILSON Chair Person ATTEST: EVIE MCKINNEY District Deputy Clerk City of Apache Junction,Arizona Page 3 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.2. File ID: 25-162 Sponsor: Evie McKinney Agenda Date:4/15/2025 Index: In Control: Superstition Vistas Community Facilit Conduct a 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. 5 Special Assessment Bonds. City of Apache Junction,Arizona Page 1 Printed on 411012025 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 3. File ID: 25-163 Sponsor: Evie McKinney Agenda Date:4/15/2025 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. 2025-001 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. 5; and ordering the public infrastructure projects performed. City of Apache Junction,Arizona Page 1 Printed on 411012025 RESOLUTION NO. 2025-001 SVC7D NO. RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING THE FEASIBILITY REPORT RELATING TO THE ACQUISITION FINANCING OF CERTAIN IMPROVEMENTS BENEFI'T'TI G THE DISTRICT; APPROVING THE PRIOR GIVING OF NOTICE OF HEARING E 17 1H FEASIBILITY RE ORT; DECLARING ITS INTENTION TO UI E CERTAIN IMPROVEMENTS DESCRIBED IN THE FEASIBILITY REPORT; FORMING ASSESSMENT AREA; DETERMINING THAT SPECIAL ASSESSMENT BONDS MAY BE ISSUED TO FINANCE THE OST E 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 E SAID IMPROVEMENTS WILL BE ASSESSED UPON THE ASSESSMENT AREA; AND ORDERING THE PUBLICINFRASTRUCTURE PROJECTS PERFORMED. WHEREAS, pursuant to Arizona Revised Statutes (" . . " -71. , as amended, the Board of Directors of the Superstition Vistas Community Facilities District No. 1 has caused the Deport such tern and all other initially capitalized terms are defined herein) to be prepared, relating to certainpublic 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, description of certai.n public infrastructure and public infrastructure purposes to be acquired and all other information o useful to understandh Project, are estimate of the cast- to acquire, operate and maintain h Project, an estimated schedule for completion of the Project, a map or description of the area to be benefited by the Project and a plea and expected aet c d for financing the Project, including the nature and timing of the issuance f 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 ten 1 days in advance of the date of public nearing on the Report, i) published a notice of public hearing on the Report an ii provided the Report and the notice of public hearing n can the Report to the City Council f the City of Apache Junction,on, Arizona. A public hearing on the Report was held can the date hereof, after the aforementioned timely publication f notice thereof as provided by law; and = RESOLUTION NO. --001 C P NO. 1 PAGE 1 OF WHEREAS" the District, developer and all property ownersn any other persons havingn interest in the real property within the proposed boundaries of Assessment Area No. 5 have heretofore executed and delivered to theDistrict the Waiver wherein the parties thereto have: i waived ny and all requirements for notice and time for protests and objections relating to, among other twinge, the Project and the extent of the Assessment Area No. 5; ii) acknowledged that the District shall levy the Assessments r t to the Act,; and iii warred certain procedural requirements; NOW, THEREFORE, RESOLVED BY THE T DIRECTORS.S OF THE SUPERSTITION VISTAS COMMUNITY . .ILI T I S DISTRICT NO. 1 AS FOLLOWS: SECTION DEFINITIONS In this resolution, the following terms shall have the following meanings: "Act" hall mean Title 48, Chapter 4, Article 5, Arizona Revised Statues, as amended "Assessment Area Map" shall mean the map showing the Assessment Area No. 5 and attached hereto as Exhibit : , which map is on file with the Superintendent of Streets and the District Clerk "Assessment Area No. 5" shall mesa the real property contained within the boundaries cri d in Exhibit A attached hereto. For a more general description, reference is herebymade to the Assessment Area Map attached to this resolution as Exhibit B. i� a,rd" shall wean this Board of Directors ct of the District. "Bond Counsel" shall meat Greenberg Tr uri , LL , and any successor thereto "Bonds" hall mean the District' s Assessment Area No. 5 Special Assessment Bonds, Series 2025, or such other series designation as may be approved by the Board. "Debt at Service Reserve" shall mean the t service reserve fund funded with the proceeds from the sale of the Bonds, authorized ur uan.t to the Act RESOLUTION NO. 2025-001 SVCFD, NO. 1 PAGE 2 Off" "Development Agreement" anal mean the District Development, Financing a t ci a.ti n Waiver and "Intergovernmental Agreement sated as of February 22, 2022, by and among the City of Apache Junction, i na., the District and D.R. Horton, Inc . ; recorded February 2:3 22 at fee number 2022-021689 in the office f the inal County Recorder. "District" shall man the Superstition Vistas Community Facilities District No. 1 "District Clerk" shall mean the Clerk of the District. "District Engineer" shall mean, initially, Ent ll us Inc . , and, thereafter, such engineer or firm of engineers as appointed by the District Manager. "District Manager"er" shall mean the City Manager of the City of Apache Junction, Arizona "Estimate" shall mean xy the estimate of costs and expenses of the Project describes in the Report and this resolution, showing the estimated costs and expenses of acquisition of the Project t e not Less than $544, 000 .00, together itn Incidental Expenses 41.,450 .00 area a Debt Service es ve " ; 0 0) , for a total cast not to exceed m 0, all as describes can Exhibit C. "Final " shall include all final plans, specifications and contract documents elatin to the design of the Project, as have been approved by the City of Apache Junction, Arizona, and on file with the District Clerk. "Incidental Expenses" shall: mean compensation paid to the Superintendent of Streets, District Engineer, casts of printing, advertising, pc ti g, the expenses of making, administrating a collecting the assessments, appraiser' s fees, any underwriter' s discount on the'Bonds, any financial advisor or placementagent' s fees, any paying agent' s fees, all legal and financial fees, all expenses and casts incurred in establishingthe Assessment Area No. and incurred in connection with the drafting of the proceedings and in connection with the sale of the Bonds, and all capitalized interest, if any, on the Bonds. "Project" shall mean, collectively, the acquisition of public infrastructure and public infrastructure purposes (as such terms RESOLUTION NO. 2 5- 01. SVCFD NO. 1 DACE 3 OF are defined in the Act) described in the Report including, particularly, the acquisition by the District f the public infrastructure described onExhibit hereto. "Report" shall mean the Feasibility Report dated April 15, 2025, and on file with the District , prior to the date and time hereof, discussing the matters required by A.R.S. § 48-715, as amended, as such matters relate to the Project . "Streets" hall man the streets listed on Exhibit D andh other streets and public rights-of-way are shown on the Final Plans. "Superintendent of Streets" shall mean, initially, Entellus, Inc. , and, thereafter, such person or firm appointed as Superintendent of Streets by the District Manager. `'Waive °" shall paean the Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining the To Be Formed Assessment Area No. 5, by and among the District, D.R. Horton, Inc. and all property owners and any other persons having an interest in the real property within the proposed boundaries of Assessment Area No. 5, dated as of March 20, 2025 and recorded March 20, 2025, at fee number 2025-021178 in the office of the Pin al County Recorder. SECTION 2 APPROVAL OF THE FEASIBILITY REPOR T" Publication of the notice of the public hearing n the Report and providing the Report and notice of the public hearing on the Report to the City Council of the City of Apache Junction, Arizona, are hereby ratified and approved. Based on the iew by this Board and the presentation f the Report and testimony pr dn.t at the public hearing n the date hereof, the Report is hereby adopted and approved in the form submitted to this Board. SECTION 3 RESOLUTION OF INTENT This Board hereby identifies the public infrastructure of the Project, the areas benefited l 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 :nd maintain the Project, all as identified and provided for in the Report, for any and all purposes of the Act. This Board hereby declares its intent to proceed with the financing f the FF 4 OF acquisition of the Project in substantially the manner presented in _ the Report and pursuant to the terms of the Development Agreement . SECTION 4 ORDERING THEPERFORMANCE OF THE PROJECT The public interest and convenience require and it is the intention f this :rd to order the Project to be acquired and performed as stated herein and contemplated by the Report and in conformance with the Final l lax . In accordance with ® . . § 48-579, this Board hereby finds there are no protests g in t the Project and there are no objections to the extent of Assessment Area ca 5 . By virtue of the authority vested in the Act, and all amendments thereto,, this Board hereby orders the acquisition and performance f the Project at a cost not to exceed the Estimate. When applicable, the District Engineer is authorized to modify the Final Plans to show the -built condition of the Project. The acquisition of any portion of the Project may be performed upon the sale and delivery the Bonds in are amount sufficient to pay the costs of acquisition, SECTION 5 DETERMINATION OF NEED; FORMATION OF ASSESSMENT AREA NO. a The Assessment Area No. 5 is hereby formed, consisting of the property described on Exhibit A attached hereto. In the opinion f this Board, the Project is of more than local or ordinary public benefit, the Project principally benefits 't the land within the Assessment Area No. 5, and this .rd hereby orders that amounts daze or to become due with respect to financing the coasts and expenses of the Project, together with the Debt Service Reserve and all Incidental Expenses (the "Assessment" ) , shall be chargeable uponthe respective bats, pieces and pascals of land within the Assessment Area No. 5 . The amount of the total Assessment shall not be greater than the product of $5, 000 .00 times the number of developable residential bats located within the Assessment area No. 5. SECTION 6 EXCLUSIONAI PROPERTY Any public or private street or alley within the boundaries of the Assessment Area No. 5 is hereby mitted from the Assessment Area No. 5. Any lot, the legal owner of which on this date is the United States of America, the State of Arizona, county, a catty, a school district or any political subdivision or institution of PAS the State of Arizona or a county, which is included within the Assessment Area No. 5 shall be omitted from the assessments hereafter made except as otherwise agreed between the District and such owner. Any acquisition f are assessed parcel by the United States of America, the State of Arizona or other political subdivision f the State of Arizona or charter school after the date hereof shall not extinguish the Assessment with respect thereto, which shall ontinu in full force and effect until payment in full SECTION a DETERMINATION AND NOTICE 3 NECESSITY TO ISSUE A. This Board fig d.s that the public convenience requires that the Bonds shall be issued to finance the costs and expanses f the Project, the Debt Service Reserveand Incidental Expenses. This Board hereby determines that the Bonds shall issued, in the name f 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 landwithin the Assessment Area No. 5 in not to exceed twenty-five ( ) annual principal installments from the Assessments of twenty-five dollars a t ) or over. B. The Bonds shall be issued in fully registered form as is principal and interest in the principal amounts of $5, 000 or any integral multiples of $1, 000 in excess thereof (or such rather denominations as approved by this Board and set forth in the resolution authorizing the Bonds) . The Bonds shall Mature on the first day of July in the years and in aunts to be set by this Board prier to chair issuance; provided, however, the Bonds shall mature not later than July 1, 2049 (or, if the Bonds are issued after July 1, 2025, shall mature not Later than. July 1, 2050) . The Burgas shall bear interest at rate or rates of not to exceed ten percent 10 a ) per annum payable on the first day of January and ;duly of each year, commencing on such date as set forth in the s l.utien authorizing the Bonds. The yield (as determined pursuant to the regulations f the Internal Revenue Cods of 1986, as amended)d) on all of the Bands shall not exceed tern percent (10. ) e if the Bonds are directly sold to a bankor financial restitution, any default interest rate or taxable interest rate shall not exceed ten percent (10m ) . This Board reserves the right to call the Bonds for prior redemption, in whole or in part, on such terms as may hereafter be established by this Board.® PAGE 6 OF Da Principal installments of each Assessment shall be dui on the first day of June immediately preceding the maturity dates of any Bands and installments f interest of each Assessment shall be due on the first day of June and December. SECTION ESTABLISHMENT CST` GRADE The grades and elevations for the t a t are hereby officially changed to correspond with the grades and elevations shown on the Final Plans SECTION w.9 STATUTORY AUTHORITY The Project and all proceedings pertaining thereto stall b acquired and performed under the provisions of the Act. SECTION 10 DELEGATION OF AUTHORITY The District giro and the uperin d nt of Streets are hereby authorized to couplets the Final. Plans, specifications and any contract documents. SECTION T.I. RIGHT TO REDUCE SCOPE OF WORK If, because of pending or threatened litigation concerning any one or more parcels subject to the Assessment, i the District receives a written opinion of nd Counsel stating that the Bonds cannot be issued against such parcel or parcels or (ii) the District is unable to obtain any right-of-way necessary for the acquisition of the Project, the District may then cause the acquisition or construction contract to be modified to exclude from the applicable cont act some or all of the Project which will benefit the parcel or parcels in question, or which was located in the right-of-way which was not obtained. The filing of a certificate arid request that no Bonds be issued against any parcel pursuant to A.R.S. § 48-540and § 48-597, as amended, may be deemed to be threatened litigation. SECTION 12 RATIFICATION OF PRIOR ACTS All acts of the Chairman of this Board, District Clerk, District Engineer, District Manager, the Superintendent of Streets, and any parson acting for such official in furtherance of this resolution are hereby ratified and confirmed, including the engagement by the PAGE 7 OF 9 District of Schnepf Ellsworth Appraisal Group, LLC, the engagement by the District of Entellus, Inc. , and the execution anddelivery f the Waiver. SECTION 13 SEVERABILITY, ND�ffN ", ICATION If any section, paragraph, chose or provisionf this resolution shall for any reason be heldto be invalidfca kil , the invalidity or unenf c bili f such section, paragraph, clause or provision shall not affect any of the remaining vi o f this olution. The District Board hereby declares that this resolution - would have been adopted with each and every other ` section, paragraph, vi i , sentence, clause or phrasehereof and approved the Report made the same fire.ngs and determinations pursuant hereto irrespective of the " fact that any one or more sections, paragraphs, subdivisions, sentences, clauses phrases f this resolution held illegal, invalid nenf bl . SECTION 14 EFFECTIVEDATA This resolution shall be effective immediately. [Signature Page to Follow. ] PAGE 8 OF PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF H SUPERSTITION VISTAS COMMUNITYFACILITIES DISTRICT NO. 1, THIS DAY OF APRIL, 2025 . SIGNED AND ATTESTED TO THIS DAY OF 2025 . Chairman, oard of Directors ATTEST: EVIE MCKINNEY District Clerk APPROVED AS TO FORM: RICH JOEL STERN District Counsel Attachments: EXHIBIT A - Legal Description of Assessment Area No. 5 EXHIBIT B - Maps of the Districtand. Assessment Area No. 5 EXHIBIT" Estimated Cost Description Project CERTIFICATE I hereby certify that the above and foregoing lut on was duly passed by the Board of Directors the Superstition Vistas Community Facilities District o. 1 at a regular meeting held can April 15, 2025, and that a quorum was present thereat and that the Grote thereon was ages and nays; did not vats or were absent District PAGE CIF EXHIBIT A LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 5 Lots 1225 through 1429, inclusive, according to the Final Plat for Superstition Vistas" - Phase 2 - Parcel 1. Q 1 8, recorded as Fee No. 2025- 1.1.5, Records of Final County, Arizona; n Cats 1430 through1506, inclusive, according to the Final Plat for Superstition Vistas - Phase 2 - Parcel 1 . 1 7 recorded as Fee No. 2025-017114, Records of -Final County, Arizona. RESOLUTION NO. 2025-001 SVCFD NO. 1. EXHIBIT A EXHIBIT B MAPS OF THE DISTRICT AND ASSESSMENT AREA NO. 5 (attached hereto) RESOLUTION NO. 2025-001 SVCFDNO. I EXHIBIT THE DISTRICT ELLRYFAVENUE NO. 1 375 ACRE WARNER AVENUE 0 z 0 YAVENUE 0oo 2000 ' Haz I in.=2000 fL EXHIBIT AsszssmENT AREA No 5 AA NO i 1 y s$ 7 EXHIBIT lz T-7--t--l-It � r7z� "'» + '" � sf ...�•-,""{ saw:aBA aa@a�xmbd #a ++W:aawe d'& ��d # axe'aE 3 _ ..+•«+- rasa. �} �,,,w ��"y' ,: ,..v.,».w r� atAa y� FfxB ,.w # y p y# ad68 kdik#SM wL9 *iM 9)##d vA p { g Y rc �— a +P? �v `""a••� µ �� a swag#a9i,*.aa o-+ i aas �. x4 w saws eaea, q{ aS RESOLUTION NO. 2025-001 SVCFD NO. I EXHIBIT i� (y 4 R .ease t g Pd9 jyg t tlAd.#3iy� 4` .j „w�,".,�9� g. amp f" ➢ "'" e t3"FSfP I ra�r9e jif 53:. s "^a *�.,.�.. '+w4 "`^'^mow. �♦�"..w..o-.,�. '*�eo-'" � {���Y r w EXHIBIT EXHIBIT C ESTIMATED COSTS Project Cosh $544, 000. 00 Debt Service Reserve 74, 550. 00 incidental Expenses 241,45M0 Total: Cast $_ t . 0Q Total Costs shall not exceed the total. Assessment of the product of $5, 000. 00 times the number of developable residential lots located within Ot t area No. 5 . As applicable, the par mount of the Bonds willrounded clown to the nearest $1 0 integralfrom the Assessment amount. EXHIBIT C DESCRIPTIONEXHIBIT D The d will finance the acquisition of all or a portion of the Project consistingpublic infrastructure and public infrastructure purposes (as such terms are defined in the Act) described in the Report, _including udin .c l 1. the acquisition b the District of the following: I) cR7 ESTIMATED COST COMPLETIONI Davis Drive The work includes $2,987,818 January 2025 approximately , 00 lineal feet within Phase 2A including eighty-three feet 3' ) of right-of-way street improvements with four and arse-half inches ( s „) of asphalt concrete over an asphalt base course su grade of eight inches ( ") , and vertical curb, storm drain, storm drain manholes catch basins, water flare hydrants, water valves, non-potable water, six foot ( ' ) detached concrete sidewalks, concrete ramps, pavement, pavement striping, traffic sign age, dry utilities and street lighting. (Davis Drive Phase 2A (SVR SIP--001, W-005 and -005) ) TOTAL: $2,987,818 Completion represents the date by which the Developer expected the public infrastructure to be constructed, which may differ from the gate that it was or is accepted by the City or other governmental entities, as applicable. RESOLUTION NOQ 20 -0 ?1. SVCFD NO. l EXHIBIT FEASIBILITY REPORT For The Issuance of Not to Exceed $860,000 Principal Amount OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 ASSESSMENT AREA NO. 5 SPECIAL ASSESSMENT BONDS, SERIES 2025 Public Hearing Date: April 15, 2025 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. 5 1 Summary of Appraisal for Assessment Area No. 5 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. 5 Special Assessment Bonds, Series 2025(the "Bonds")in a principal amount of not to exceed$860,000,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 Elliot 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. 5 consists of 172 lots(the"Assessed Lots") and is approximately 21 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. 5,which is fully within the boundaries of the District. Approximate Approximate Assessment Area Total District District Acres No. 5 Lot Area Acres Single Family Residential 700 21 Non-Residential (a) 675 0 Total 1,375 21 (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. 5 is included in Appendix 1. Maps of the District, Assessment Area No. 5, 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* Davis Drive Phase 2A (SVR $2,987,818.00 $2,987,818.00 $0 $860,000.00 January 2025 NP-001, W-005; and TR-005) Total $2,987,818.00 $2,987,818.00 $0 $860,000.00 * 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 is comprised of the construction of a roadway within the District known as Davis Drive,and includes construction of approximately 2,400 lineal feet within Phase 2A including eighty- three feet(83')of right-of-way street improvements with four and one-half inches(4'/2")of asphalt 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, concreted ramps, pavement, pavement striping, traffic signage, dry utilities and street lighting. The Public Infrastructure was completed by the Developer and accepted by the City, or other governmental entity, in January 2025. 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 L ..1 '1` AVENU �. CFO O" 1 1, ACC WARNER z f� AY AVEN { loon MO m 1 in,=2000ft_ THREE- 1 Assessment Area No. 5 Phase 2B—Parcel 19.17 FINAL PLAT , $p4 Wow ANVIL,gg pp RASE 28 71 7 5t a §MAIM voldhk k Y4 k4 k U i P 0 0 k; ry 1 r k t S 6� '0.a�a�„ § ��*� � ks htG Wi'"= gY�t} tk. Dos 6 411� .3 & 41 t i4Aa tau. 8 07 f cf 4 z t; Y $ WNW A"U tf t9 S A fi 2 c s? Vt >s. tK •� i „.£ .h M el +' Ak k KW4a k 4 '.4 AA N r y MEMO &t owl J 4 i q { „st y ff3,a rk at'k-.tbt#,W" t X e 3$fl N M3 X itA d ffi b Y5 ti,£ t 4 N'otk P - f t k i 1 } i k Yk§` J 0 a k ° + p to s I z a A S { p< t Nr h � e s t Atli g fi tS a1, y No IIATIN 5 {k m£ "k ap t ,�� La �:t W. �tiaa � t k z` Ak �. V. "M owl �k t % Assessment Area No. 5 Phase 2B—Parcel 19.18 FINAL WAT 0 _4 Paul u SUPERSIMON VISTAS- 'nd V'd V'•it ,V t Yk ,$ % 3ti.+ $W�y, �j{ " .s<-k.�A,'.3v MBA.rF?. "+tdv afi `rW'�. IF10 THE�0471*'A r, .AWTE I SEC 10 IS Mf�m'L'�"r° , k�E W50 T'dULAA%,, r F MAN UMMY to MRApUND ,. a 'a. ,mar nna x t 5 M fro' L ypg, d is ,y ",a ,}= tit ,t,M UNA too +g} e ttW A a t s s , fi%s CC i e retry .,.r a e, fs"aif 4 tt } *RW% VWIM t` s TWO nun {d eMt i sir}. fi z M " et a a n L V tt •e.i a r r � F M }d E, ts t,Ya>{Of d ANb a* r a ut ,p r* a". tr n} M W - t§kM 4t may 11 Flom h " k t Va y i i ° y r t f Wi k N •�A "s.. 10 t Y t i M M M x= § xF 4 ( .1"d mSP =1 d k e q S+`tN3n`I1A 6,xJl,„MMSt; ,k+4F,rr3,fi e=MS 1 urair ,.�r'I, t §d= or.. 3 uYM�4th it am r` V¢., v,i Vf r fit,.,.,,r.i v..;"rr,*'.'i. 4 ,e n ct. FKA 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 Davis Drive-Phase 2A $2,987,818.00 January 2025 May/June 2025 Total $2,987,818.00 (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. 5. 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 May/June 2025. 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$413.00 per home,or approximately$34.40 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- 1 (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 $860,000.00 Total $860,000.00 USES*: Cost of Public Infrastructure 544,000.00 Debt Service Reserve Fund 74,550.00 Deposit to Bond Fund 61,025.00 (representing capitalized interest) Estimated Costs of Issuance 180,425.00 Total $860,000.00 ESTIMATED COSTS OF ISSUANCE* Underwriter's Compensation 23,720.00 Bond Counsel 65,000.00 Underwriter's Counsel 17,500.00 Financial Advisor 50,000.00 District Engineer 15,000.00 Appraisal Fee 5,000.00 Registrar&Paying Agent 1,000.00 Official Statement Publishing 2,500.00 Miscellaneous 705.00 Total $180,425.00 (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. 5, prepared by Schnepf Ellsworth Appraisal Group, LLC on March 24, 2025. The appraisal demonstrates a value-to-lien ratio on a per lot basis of at least 20 to 1. A complete copy of the appraisal report is available upon request. (vi) Disclosure of Assessment Payments. A.R.S. Section 32-2181 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—2024/25 Portion Applicable to the District(a) Total Tax 2024/25 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 $ 88,425,611,337 None % 0.00% None None Pinal County 3,772,917,916 None 0.07% None $3.7628 (d) Pinal County Community College District 3,772,917,916 $51,445,000 0.07% $ 37,243 1.8128 Central Arizona Water Conservation District 3,772,917,916 None 0.07% None 0.1400(d) East Valley Institute of Teclviology 937,089,484 None 0.29% None 0.0500 Apache Junction Unified School District No.43 579,814,797 6,825,000 0.47% 32,151 3.6895 Superstition Fire&Medical District 563,075,279 1,338,000 0.49% 6,490 3.8050 City of Apache Junction 214,344,520 None 1.27% None 0.0000 Superstition Vistas Community Facilities District No.1(e) 2,731,381 95,000 100.00% 95,000 3.6000 $ 170,885 FIVE- 3 OVERLAPPING NET ASSESSED LIMITED PROPERTY VALUES—2025/26* 2025/26* Net Assessed Limited Overlapping Jurisdiction Property Value State of Arizona [To be included when available] Pinal County 4,041,918,217 Pinal County Carrnnunity College District 4,041,918,217 Central Arizona Water Conservation District 4,041,918,217 East Valley Institute of Technology 937,089,484 Apache Junction Unified School District No.43 631,945,919 Superstition Fire&Medical District 609,939,494 City of Apache Junction 238,509,446 Superstition Vistas Community Facilities District No. 1 (e) 10,844,085 * The 2025/26 values are subject to adjustments until approved by the Board of Supervisors of the County on or before August 18,2025. (a) Proportion applicable to Assessment Area No. 5 is not available. In future years, proportion applicable to the District will be used instead.For Tax Year 2024,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. 5 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 FIVE-4 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 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 48-3715 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$0.0913 tax rate of the Pinal County Free Library,the$0.0522 tax rate for the contribution to the Pinal County Fire District Assistance and the$3.3311 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 $4,950,000, 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* Fiscal Year Principal Interest .debt Service 7/1/2026 $61,024.17 $61,024.17 7/1/2027 $17,000 55,900.00 72,900.00 7/1/2028 18,000 54,795.00 72,795.00 7/1/2029 20,000 53,625.00 73,625.00 7/1/2030 21,000 52,325.00 73,325.00 7/1/2031 22,000 50,960.00 72,960.00 7/1/2032 24,000 49,530.00 73,530.00 7/1/2033 25,000 47,970.00 72,970.00 7/1/2034 27,000 46,345.00 73,345.00 7/1/2035 28,000 44,590.00 72,590.00 7/1/2036 30,000 42,770.00 72,770.00 7/1/2037 32,000 40,820.00 72,820.00 7/1/2038 34,000 38,740.00 72,740.00 7/1/2039 37,000 36,530.00 73,530.00 7/1/2040 39,000 34,125.00 73,125.00 7/1/2041 41,000 31,590.00 72,590.00 7/1/2042 44,000 28,925.00 72,925.00 7/1/2043 47,000 26,065.00 73,065.00 7/1/2044 50,000 23,010.00 73,010.00 7/1/2045 53,000 19,760.00 72,760.00 7/1/2046 57,000 16,315.00 73,315.00 7/1/2047 60,000 12,610.00 72,610.00 7/1/2048 64,000 8,710.00 72,710.00 7/1/2049 70,000 4,550.00 74,550.00 $860,000 881,584.17 1,741,584.17 (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, 2026*. 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 East [Signature Page] APPENDIX 1 LEGAL DESCRIPTION FOR ASSESSMENT AREA NO. 5 LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 5 Lots 1335 through 1429,inclusive,according to the Final Plat for Superstition Vistas—Phase 2B—Parcel 19.18, recorded as Fee No.2025-017115,Records of Pinal.County,Arizona;and Lots 1430 through 1506,inclusive,according to the Final Plat for Superstition.Vistas—Phase 2B—Parcel 19.17, recorded as Fee No.2025-017114,Records of Pinal County,Arizona. APPENDIX 1 - 1 APPENDIX 2 SUMMARY OF APPRAISAL FOR ASSESSMENT AREA NO. 5 An Appraisal Report of the Market Value of the fee simple interest Superstition Vistas Community Facilities District No. 1 Assessment Area No. 5 172 lots within the Final Plat of Superstition Vistas - Phase 2B - Parcels 19.17, 19.18, located on the north side of Radiance Avenue between Davis Drive and and Grand Drive, Apache Junction, Pinal County, AZ Prepared For: Superstition Vistas Community Facilities District No. 1 300 E. Superstition Boulevard Apache Junction,AZ 85119 Inspection Date: March 5, 2025 Valuation Date: March 5, 2025 ww ................... e=d-Ine 16_uorLj�j Prepared by: Real Estate Appraisers/Consultants - P.O. Box 2829, Mesa,Arizona, 85214 Phone 480.497.1113 E-mail larry@schnepfellsworth.com Job # 25-2608 Copy 1 of 1 Copyright 2025 by Schnepf Ellsworth Appraisal Group LLC C ScHNEPF EL L swoR TH A PPRA 15A L GROup-2526 08A 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.: 25-2608 Job Name: Superstition Vistas Community Facilities District No. I Assessment Area No. 5 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. I (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. 5. Improvements Summary: The subject consists of a master-platted parcel consisting of 172 planned lots within the final plat for Radiance at Superstition Vistas Phase 2B. ii C ScHNEPF EL L swoR TH A PPRA 15A L GROup—2526 08A Assessor's Parcel: Assessor parcel numbers for the individual lots 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 aggregate net total for the 172 lots is 916,837 square feet or 21.05 acres. The proposed development has a density of 3.76 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: March 5, 2025 Date of Valuation: March 5, 2025 Valuation Conclusions: As if As if Total As is As is Complete Complete Parcel Lots Per lot Parcel Value Per lot Parcel Value SV CFD1. AA5, Parcel 19.17 77 $113,000 $8,701,000 $114,500 $8,816,500 SV CFD1. AA5, Parcel 19.18 95 $104,500 $9,927,500 $105,500 $10,022,500 Aggregate Total* 172 $18,628,500 $18,839,000 Average $108,305 $109,529 Rounded to' $108,500 $109,500 *Sum of the individual lot totals ©SCHVEPFELLswORTHAPPRA13'AL GROUP-2.S 26O8A Subject Photographs (March S, 2025) tit Y� t I—Subdivision entry at Ironwood Dr and Radiance Ave. 2—Looking east along Radiance Ave at Grand Dr. �F �t f i,a. 4 ftY 3—Looking north along Ironwood Drive at Radiance Ave. 4—Looking northeast between 19.17 and 19.18 from Radiance Ave. iv ©5CHVEPFELLswORTHAPPRANAL GROUP—25 2608A S � i r .ts��t#� rt ��'tYs �4sty tl r t rY ari z 4 OEM 4. ,w 5—Looking north along Davis Drive at Radiance Ave. Looking across Parcel 19.18. 1� t�zs{ rr�r� ftg� o;a hi�,�,;... i• � }Q t 1 v i j 4 ff'�y4{{�,yJ44 �X�i7.'�'�i i't Y4 t tis✓fR F �`•a�{v°� "f^ 7� � j2,jl�tt�}1•,1�{)1(�'t S r..rtz 2 ���P'i 7—Looking west along Stearns Ave at Davis Dr. 8—Looking across Parcel 19.18. v ©SCHVEPFELLswORTHAPPRANAL GROUP—2.S 2608A k 7 i s 9 Park area between 19.17 and 19.18. 10 Looking across Parcel 19.17. r 7OtI +tin s s �l4tg7f`'4 i r�yss�sts�6 11—Looking west from Corona Dr and Stealth Ave. 12—Looking across Parcel 19.17. vi ©SCHVEPFELLswORTHAPPRANAL GROUP—2.S 2608A t,yt;tSt7£r - },'tiY'£ s t rtra i�rtl�r�t t4rrttl( � th��yt r t i, , t t25 atn.4 �}3E?, V pp � •+�Y t�i�x 7t. 13 Looking across Parcel 19.17. 14—Looking across Parcel 19.17. WK dr { t � )St itl / 4 yy y�£as �i 15—Looking west along Salado Ave at Grand Dr. 16—Community Center west of the subject. vii Q�riA L :if , -' OFFICIAL RECORDS OF � + PINAL COUNTY RECORDER .- Dana Lewis •• Electronically Recorded DATE/TIME: 03/20/2025 1640 FEE: $30.00 PAGES: 20 FEE NUMBER: 2025-021178 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. 5 This Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 5, dated as of March 20, 2025 (this "Agreement"), by and among the Superstition Vistas Community Facilities District No. 1 (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. 5 (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 5 (the "Assessment Area No. 5") 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 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. 5 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. 5 bonds; C. Capitalized interest on such Assessment Area No. 5 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. 5 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"World'; 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. 5, or, if formed, of the District to sell or deliver such Assessment Area No. 5 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, -2- install or acquire it pursuant to any existing proposals. However, the District and the Developer, 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. 5 and assessed for the costs thereof. 3. Review and Approval of the Boundaries and Scope of Work; Acknowledgement 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. 5, 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. 5 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 $860,000.00 and such Assessment amount shall be allocated and levied to each developable parcel (residential lot) within the Assessment Area No. 5 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. 5 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. 5, 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. 5 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. 5 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. 5 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. 5 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. 5, 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. 5 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. 5 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. 5; d. any and all objections to the adoption and approval by the District of the Assessment Area No. 5 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; f. any and all claims or defenses, known or unknown, they may now or subsequently have against the Assessments or the Assessment Area No. 5 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 party 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. 5 bonds, acquire all or part of the Work. 10. Developer's Acknowledgement 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. 5, 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. 5 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. 5 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. 5, 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. 5, 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. 5 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 "AJ 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 -6- District") and each director, officer, agent, legal counsel, independent contractor or employee 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. 5, 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. 5 for any future conveyance of a residential lot within Assessment Area No. 5. 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. 5 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 ExhibitD-1 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. 5 bonds, such Developer, or any such future -8- owner or holder of any interest in any portion of the Property, solely with respect to its assessed 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. 5 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 ExhibitD'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 -9- discharges the District 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 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. 5 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. 5 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. 5 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 Y Chairman, District Board ATTEST: District Clerk APPROVED AS TO FORM: Richard Joel Stern, District Counsel STATE OF ARIZONA ) ) ss. COUNTY OF PINAL ) 4 ti The foregoing instrument was acknowledged before me this /a� day of 2025, 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) t;;t ST,T Yvette McKinney Not ry Public in and for the State of na Notary Public-ARIZONA t MARICOPA COUNTY Commission No.641223 y Z ' My Commission Expires 11/14/2026 [Signature page to Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 5] Signature Page to Waiver and Development Agreement: DEVELOPER: D.R. HORTON, INC., a Delaware corporation By: Name: Brent Davis Its: Vice President STATE OF ARIZONA ) ss. COUNTY OF MARICOPA ) The foregoing instrument was acknowledged before me this 7 day of "C ,2025,by Brent Davis,the Vice President of D.R. Horton, Inc.,a Delaware corporation. (Seal and Expiration Date) No Public in and for the State of Arizona ® 4) ®y.22-2®p,� o�A r s. 6 0:2 m: d — t • W:Z ae"�d e y"' O [Signature page to Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 51 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY Lots 1335 through 1429, inclusive, according to the Final Plat for Superstition Vistas — Phase 2B — Parcel 19.18, recorded as Fee No. 2025-017115,Records of Pinal County, Arizona; and Lots 1430 through 1506, inclusive, according to the Final Plat for Superstition Vistas — Phase 2B — Parcel 19.17, recorded as Fee No. 2025-017114,Records of Pinal County, Arizona. A-1 EXHIBIT B PUBLIC INFRASTRUCTURE The Public Infrastructure is comprised of the construction of a roadway within the District known as Davis Drive, and includes construction of approximately 2,400 lineal feet within Phase 2A including eighty-three feet(83')of right-of-way street improvements with four and one-half inches (4 '/2") of asphalt 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, concreted ramps, pavement, pavement striping, traffic signage, dry utilities and street lighting. All improvements are shown on the plans sealed by the engineer 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 Davis Drive 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 January 2025. B-1 EXHIBIT C IMPROVEMENT PLANS (CFD INFRASTRUCTURE) Phase 2A — Radiance Davis Drive — Water Plans Prepared by Sunrise Engineering sealed on August 12, 2023, and approved by Apache Junction Development Services on September 7, 2023, CFD Project SVR NP-001 & SVR W-005. Phase 2A — Radiance Davis Drive — Paving Plans Prepared by Sunrise Engineering sealed on August 31, 2023, and approved by Apache Junction Development Services on September 7, 2023, CFD Project SVR TR-005. Phase 2A — Radiance Davis Drive — Signing and Pavement Marking Plans Prepared by Sunrise Engineering sealed on August 16, 2023, and approved by Apache Junction Development Services on September 7, 2023, CFD Project SVR TR-005. Radiance at Superstition Vistas Davis Drive Public Street Lights Plans Prepared by Wright Engineering sealed on June 2, 2023, and approved by Apache Junction Development Services on September 7, 2023, CFD Project SVR TR-005. C-1 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/LIENHOLDER] CONSENT,WAIVER AND AGREEMENT [To be executed by Owners of property/lienholders within Assessment Area No. 5] 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. 5, initially by and between the District and the Developer (each as defined therein), dated as of March 20, 2025, and recorded as Instrument No. 2025- 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. 5, 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. 5, and acknowledges the recordation of the Agreement with respect to all such real property. DATED: 20 . [PROPERTY OWNER/LIENHOLDERI: 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-1-1 EXHIBIT 1 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. 5 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. 5, initially by and between the District and the Developer (each as defined therein), dated as of March 20, 2025, and recorded as Instrument No. 2025- 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. 5, 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. 5 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] ,20 [PROSPECTIVE RETAIL BUYERI: 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 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.4. File ID: 25-164 Sponsor: Evie McKinney Agenda Date:4/15/2025 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. 2025-002 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. 5 within the district. City of Apache Junction,Arizona Page 1 Printed on 411012025 RESOLUTION NO, 2 25-002 SVCFD NO. RESOLUTION N OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT N . 1 APPROVING THE LEVYING F AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT NO. 5 WITHIN THE SUPERSTITION VISTAS COMMUNITYFACILITIES DISTRICT NO 1. WHEREAS, on April 15, 2025, the of Directors (this "Board",) of the _Superstition Vistas Community Facilities District . I (the uDi t i t" ) passed and adopted Resolution No. 2025-001 SVCFD No. I (the "Resolution of Intention" ) , declaring it intention to acquirethe 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 t .e costs and expenses thereof; declaring the Project to be of more than local or ordinary a Li benefit; declaring that the costs and expenses thereof shall be assessed upon the residential lots within the boundaries of Assessment Area No. 5 (as defined in the Resolution f Intention) ; and providing that the Project shall be performed under the i io of Title , 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. 5 and any other persons having an interest -in the real property within the boundaries of Assessment Area No. ;5, waiving, among other things, all requirements for notice and time for protests against the Project and objections to the extent of the Assessment Area No. 5; and WHEREAS, a $5, 000 . 00 assessment shall be laid against all residential "lots shorn on the assessment diagram within Assessment Area No. 5 that have not prepaid such assessment; and WHEREAS, this :Beard has thereby acquired jurisdiction to order the acquisition and performance of the Project; NOW, THEREFORE, BS IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. I AS FOLLOWS: RESOLUTION NO. 25M0 2 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 Valet Service Reserve is as set, forth hereafter, and the Estimate on file with the District is as follows: tj-et Costs Project Costs $544, 000 . 00 TOTAL PROJECT COSTS $54 , 0 x l Incidental Expenses $241, 45000 Debt Service Reserve , 55 >f GRAND TOTAL $860, 00000 SECTION I l l OF LEVY OF ASSESSMENT The District Engineer has allocated the Project nests among the developable lots within the Assessment Area No. 5 benefitting from the Project and the levy by the Superintendent of Streets of an assessment against the real property in the Assessment Area No. 5 for are 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 forthe tinted costs and as may be necessary is reduce any assessment made on any developable lot in the Assessment Area No. 5 to not more than $5, 000.00 . The Superintendent of Streets is hereby directed to record in its offices the assessment and record with the Final County Recorder a Notice of Assessment. SECTION ASSESSMENT DIAGRAM Those certain duplicate assessment diagrams s of the area to be assessed, prepared the District ngine , and heretofore filed with the District Clerk and the Superintendent of Streets, are hereby ratified and approved, and the District t. Clerk is hereby directed to certify the fact of such ratification and approval on the fads of each of such diagrams rar s including this date hereof as the PACE 2 OF 4 date of such ratification and approval and to deliver a copy of the diagrams so certified to the Superintendentof Streets. SECTION 5 ASSESSMENT AND COLLECTION The preparation and recording by the District Engineer an Superintendent of Streets of are assessment against the real property contained within the Assessment Area No. 5 is hereby authorized and approved, or as applicable, ratified. The assessment shall be allocated among the parcels rid residential . lots within the Assessment Area No. 5 as shown on the a a rxt Diagram, in the manner tabli h d 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 unit Facilities District Assessment Collection Agreement, by and between the District and the Treasurer of Pi aa.l. Counter, 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 . I IT ; 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 unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining of this resolution. The District Board hereby declares that this resolution would have been adapted with each and every other section, a ag a h, subdivision, sentence, clause or phrasehereof and approved the assessment diagram and mace the same findings and determinations pursua t hereto irrespective of the fact that any one or more sections,ions, arag ahs, subdivisions, sentences, clauses or phrases of this resolution may be held illegal, invalid or unenforceable. RESOLUTION NO. 2 -0 2 SVCFD NO. 1 PAGE SECTION 8 EFFECTIVE DATE This resolution shall be effective immediately. PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, THIS DAY OF APRIL, 2025, SIGNED AND ATTESTED TO THIS TRAY OF 2025. Chairman, card of Directors to ATTEST: T EVIE MCKINNEY APPROVEDDistrict Clerk C FORM: <.* 4A,.z s RICHARD JOEL STERN District Counsel CERTIFICATE I hereby certify that the above and foregoing resolution was duly passed by the Beard of Directors the Superstition Vistas Community iliti District No. I at a regularmeeting held on April 1.5, 2025, and that a quorumwas present thereat and that the vote thereon w ayes and nays; did not vote or were absent District Clerk PAGE 4 CIF" SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO . 1 ASSESSMENT AREA NO . 5 SHEET INDEX SHEET DESCRIPTION 01 COVER SHEET 02 KEY MAP & LEGEND VICINITY MA13 03 PARCEL 19.17 (LOTS 1430-1506) NTS 04 PARCEL 19.18 (LOTS 1335-1429) FREEWAY THO �O __�Z �O WARNER AVENUE (AZ 202) MCD7!F;O EL CKE LIP -T DISTRICT ENGINEER CERTIFICATION B A N RD > I HEREBY CERTIFY THAT THE PARCEL BOUNDARIES SHOWN AS DEPICTED ON o I THESE PLANS WERE SUPPLIED BY HILGART WILSON, LLC. .ARE CORRECT TO THE >- NIV RSI D > BEST OF MY KNOWLEDGE AND BELIEF. Q Q I I W �AIIN ST o > Q � ry 4ROAD i RADIANCE - o a Q E AVENUE o s HERN Ld w i i I B L E ;6# Nos mm DISTRICT ENGINEER DATE N ' O I P93:�\ I o IL APPROVED BY RESOLUTION NO.2025-00 SV CFD NO. 1 AT A MEETING OF THE Q EE� � o S W � BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT z_ Z = NO. 1 ON THE TH DAY OF 2025. lt7 J W w r J > ELLIOT z -j m RAY AVENUE o O o m WARNER DISTRICT CLERK DATE o N � (AZ 202) BANYAN FRWY � o c RAY AVE SIGNED; THIS DAY OF ,2025 L T H I S[fli 04 PROJECT WILLIAMS FIELD SUBMITTED: SUPERINTENDENT OF STREETS DATE PECOS RD 0 U 0 o fsssiono/f GERMANN RD �FICA T F� �• �s p wb VF y0 G r 22861 i 11MOTHY D. CRAWL QUEEN CREEK 11 110Tm 0 Z Suite 250 Phoenix, AZ 85018 IT1 3033 N. 44th Street, , Q N z X Tel: 602.244.2566 / Fax: 602.244.8947 X N O O r D www.entellus.com rn z X= �z °° z SUPERSTITION VISTAS o z o � Q X X 7 o o m COMMUNITY FACILITIES 0 Z DISTRICT NO. 1 0 0 APACHE JUNCTION, ARIZONA co N COVER SHEET 0 ASSESSMENT AREA NO.5 0 SHEET TOTAL DRAWN BY: JB DESIGN BY: JB CHECK BY: TC N0: SHEETS DATE: 04/03/2025 ENT PROD #: 745.028E 01 04 AA NO , 5 i WARNER AVENUE _ 1 t II I II I I I i 1 I 1 1 \ I \ 1 \ \\ II 1 1 I \ LEGEND: ASSESSED IMPROVEMENTS \ \ , (DAVIS DRIVE) \ I \ ASSESSMENT AREA EXTENTS MATCH LINE LOT LINE 100 LOT NUMBER i i1 ; � I — i I F I - ASSESSMENT AREA (AA) NO.5 SITE DATA PARCELS 19.17 ILOT COUNT: 77 PARCELS 19.18 , 1 14" 14M 1� 1487 1480 1499 1500 f60f 1502 1808 1 1 �1 1 LOT COUNT: 95 1 I II �\ 14M f4af 1' 14ss _-- -- -- --- -- — — 1604 i ( AA NO. 5 �\ _ _ _ _�_ _ .._.T__ t,` ► TOTAL LOT COUNT: 172 - 1 14" / I 1 __ Disc 1484 14M 148,8 1481 1480 1479 I / 14r841495\ ` .1 \1\48 % __--------- f488f� I f60 14M SHEET03 II 14E814E9 ; ; NLOTS 1430-1506 _______ _� ;— , / 188a1� I 1 (77 LOTS) '�' I \ \ 'e f477 f478 I / �"-..,,,.,,,.,, ----•"',,, 1 1 f88f `•. `��� � `` f888 t888 j 1407 \ ` \ 1470 1 1 ���►� j f860fa68 f840 1 I I I O \ 1469 , 1480 , fa68 �� `� 1 1 Q f488 \\ \ \ -- -- --- -- ' 14,8,8 1 t8681 1` ♦ i if 1 l4 ,. "` -- -- "'-f ► 14$1 f48f , ' f8B8 f8641 `` f84f ; ; ,) 1 1 363 1488 I ' f8B818e4 f86f Iwo I1482 1420 184r8 f46a 1468 1467 1468 1465 1 o, f4e4 \ f4a8 Met f480 I ► � t4ta ► 1\ ` � f8N f8�f888 I t84a \ ; ,I ► 1485 ► r `�,` `� fees -187a i � i r844 i i 1► ( 1 II 1 \ SHEET 04 ta78 1 1 II I 1417 fae6 I , tae8 ► ► 1846 ► , � \ 1 ► -� f,,,� 1460 1461 14M 140 14& � ; ,,� I � fa84 LOTS 1335 1429 ��,� ' 1448 I 141e "� 1 f840 1447 l -- --- -- , 148e 1416 ' 1 ; (95 LOTS) `� ; 1847 h] �-- ---•--- ' I - fart ► 1 1 � f87e \ \ \ 1414 1 f888 1875 j ' I 1848 I I I( \; \ Iwo \ `` _ \ �� �` t880 f89f 1 / 1849 I I I 1 14#2 1441 N40 1489 1488 1487 -� �_ t 8 t898 I �.., I ► II 1 o \ \ \ 1446 1 F f44a ��` f8841896 f8w j r4r8 1412 1411 f8971898 l rr.,_ ♦ ,I \ 1 \ ` \ _ .. 140814M1404 II 1 II 1 \ •. ` r4081401 ` 1400 / I i'�i'' ' i---�'ii i '� ' �``` •```!!`` .. ` i ; wb�aG�\�F ICA rF yO se^ 22861 r TIMOTHY D. CRALL NTM � V ' I I �NA ���• 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Q Tel: 602.244.2566 Fax: 602.244.8947 41 www.entellus.com � ;10, ==_-_.-______ - - - - SUPERSTITION VISTAS I COMMUNITY FACILITIES DISTRICT NO. 1 ' APACTT JUNCTION, ARIZONA W KEY MAP co KEY MAP SCALE: 1 ` 150' ASSESSMENT AREA NO.5 0 SHEET TOTAL DRAWN BY: JB DESIGN BY: JB 7 CK BY: TC N0: SHEETS DATE: 04/03/2025 ENT PROD #: 745.028E 02 04 LOT TABLE LOT TABLE LOT NO. AREA(Mn AST NO. LOT NO. AREA(SQFi) ASSESSMENT NO. LOT: 1430 SAM 01-05-i-19.17-1430 LOT: 1450 6,314 01-05-1-1ai7-1460 LOT: 1431 6.000 01-05-1-19.17-1431 LOT: 1451 6,M6 01-05-i-1917-1451 LOT: 1432 6.00D 01-05-1-19.17-1432 LOT: 1452 6,129 01-05-1-1917-1452 LOT: 1433 6.250 01-05-1-19.17-1433 LOT: 14531 055 01-05-1-19.17-1453 LOT: 1434 6.250 01-05-i-1917-1434 LOT: 1454 7A90 01-05-1-1917-1454 LOT: 1435 6.450 01-05-1-19.17-1435 LOT: 1455 7,457 01-05-i-i917-1465 LOT: 1430 6,094 01-0 i-i-1917-1430 LOT: 1456 km 01-05-1-19.17-1450 LOT: 1437 8,125 01-05-1-19.17-1437 LOT: 1457 8,099 01-05-i-1917-1457 LOT: 1438 6,229 01-05-1-19.17-1438 LOT: 1458 1 8.197 01-05-1-1917-1458 LOT: 14M 6,250 01-05-1-1917-1439 LOT: 1459 6,597 01-05-1-19.17-1459 LOT: 1440 8.096 01-05-1-19.17-1440 LOT: 1480 8,138 01-05-1-1a17-1460 LOT: 1441 6,405 01-05-1-1917-1441 LOT: 1461 6.100 01-05-1-iafl-1461 IF LOT: 1442 6,242 01-05-1 1917 1442 LOT: 1462 61100 01-05-1 1917--1462 LOT: 1443 6,012 01-05-1 1917 1443 LOT: 14631 6.800 01-05-1 19.17-1483 LOT: 1444 6.00 01-05-1-19.17-1444 LAT: 1464 6.000 01-05-i-19.17-1464 LOT: 1445 6.080 01-05-i-19.17-1446 LOT: 1465 UDD 01-05-i-1917-140 5 1497 1498 1499 1500 1501 1502 1503 LOT: 140 6.058 01-05-1-1917140 Wr: 140 UDD m-05-i-iai7-1466 149 1496 LOT: 1447 8,874 01-05-1-ta17-1447 LOT: 1467 6.250 01-05-1-1917-1467 1494 1493 1504 LOT: 1446 6.05o 01-05-1-19.17-1448 L:OT: 1468 UMM-O&A-1917-1468 1491 1492 d- \ 1490 W Q LOT: 1449 6,050 M-05-i-1917-1449 LOT: 1409 0,425 01-05-1-19.17-1469 `` _-_-_ __---- ----- ------ ----- ----- ----- ------ ------ ---- "ice ` ♦ J LU Uj ;,��' - _ �.- ♦ 1 U _ LOT TABLE LOT TABLE ----- 1505----- ----- ------ ------ -� ; ------ - 1 1, CO i oT NO. WA(mm ASSESSMENT NO. WT NO. AREA(SL1 M ASSESSWEINT Na Uj LOT: 1470 8.079 01-05-1-19.17-1470 LOT: 1400 6.377 01-05-1-1917-1400 t U L of: 1471 8,050 01-05-1-1917-1471 LOT: 14M 0.446 01-05-1-19.17-1491 ' 1485 1484 1483 1482 1481 1480 1479 �► , l� 1486 LOT: 1472 8,050 01-05-i-19.17-1472 LOT: 1492 4061 01-05-i-19.17-1492 1487 ' 1506 1488 LOT: 1473 6.370 01-05-119.i71473 LOT: 14031 6,00D 01-05-1-19171403 1489 1 LOT: 1474 6,m 01-05-1-1917-1474 LOT: 1404 6.083 01-05r1-1917-1404 \ \ \ ► ► LOT: 1475 6.050 01-05-1-19.17-1475 L(F : 1495 6,116 0i-05-i-1917-1495 _ - LOT: 14781 8,050 01-05-1-1917-1478 LOT: 1406 6,112 01-05-1-19.17-1496 \ ` ` ► _ wr: 1477 0,133 01-05-1-19.17-1477 Wr: 1487 6.112 01-05-1-19.17-1407 1468 ` �\ ► __� LOT: 1478 7,415 01-05-1-1917-1478 LOT: 1408 6,113 01-05-1-19.17-1408 1473 1474 1475 1476 1477 1478 LOT: 1479 um 01-05-1-1917147a LOT: 149a 61067 01-05-i-1917-1499 \ \ 1472 ► LOT: 1480 8,055 01-05-i-1917-1480 LOT: 1500 6,000 01-05-1-1a17-1500 1467 \ 1469 1470 1471 �•...,,,�� \ LOT: 1481 4,072 01-05-1-1917-1481 LOT: 1501 6.000 01-05-i-19171501 1 1430 \ -- ► \ ___-- ----- ----- ----- -_--_,,,I ► ► LOT: 1482 8,193 01-05-1 1917 1482 LOT: 1502 6,504 0i-05-1-1917-1502 \ �\ -__ ► LOT: 1483 6,168 01-05-1-19.17-1483 LOT: 1503 4957 01-05-1-1917-1503 1466 \ `��"' - - --"�..-- - - - -_"_ ► 1431 LOT: 104 6.140 01-05-1-1917-1464 LAT: 1504 9,676 01-05-i-19.17-1504 \ ► \ ` -_-�_ - _ LOT: 1485 067 01-05-1-1917-1485 LOT: 1505 8,327 M-05-i-1917-1505 \ ---- -- 1465 `\ ' ___-- --_ --- -------- ------ ------ 1 ) � Lar: 1486 6.23o 01-05-119171486 1wr: 1506 6,924 1 01--05-11a171506 ► 1432 LOT: 1467 6,135 01-05-1-19.17-1457 ` ► ' ► LOT: 14B8 k148 01-05-1-19.17-1488 \\ it 1459 1458 1457 1456 1455 1 1 1 \ \ 1460 ► LOT: 140 6,409 M-05-1-1917-14� 1464 \ \ 1461 ; ' ► \ 1462 ► i 1433 ► 1463 \ ► 1434 ,A 1449 1450 1451 1452 1453 1454 1 ► 1 1435 1448 LEGEND: ---- ------ i 1436 1447 Lr) ` \ `---- o PARCEL LINE\� ` , _----__ _,_ -- - - - ROW LINE o \ \\ 1446 ♦♦ ----- ------- ----- ------ --- __--' w O LOT LINE \ ` ------ Q \ -� z --------------- EASEMENT LINE \ J LU - - CENTER LINE 1442 1441 1440 1439 1438 1437 w .- \ ` \ 1443 = 100 LOT NUMBER 1445 1444 U = ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- �` \ \ 01-01-1-19. 1-100 DEVELOPMENT UNIT # -PARCEL # -LOT # �\ Q LL I w \ ; to --------�--+------------------------- 00 DIANCE AVENUE01 --- --- --- o �..���- ♦°� �\\FICA rF fee^ o 22861 �, i ���. 11MOTHY D. 1 CRALL It TM Ei z � OWq 41 � Q 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Tel: 602.244.2566 / Fax: 602.244.8947 www.entellus.com E rn Q SUPERSTITION VISTAS 0 COMMUNITY FACILITIES Z DISTRICT NO. 1 0 APACHE JUNCTION, ARIZONA co N PARCEL NO. 19. 17 0 ASSESSMENT AREA NO. 5 / 80 40 0 80 160 SHEET TOTAL DRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS SCALE: 1 "- 80 DATE: 04/03/2025 ENT PROD #: 745.028E 03 04 I 1 LOT TABLE LOT TABLE LOT TABLE 1 1 LOT NO. AREA(MM ASSESSMENT NO. LOT Na AREA(MM ASSESSMENT NO. LOT NO. AREA(SLn ASSESSMENT NO. 1 ,400 -05-t-19.1835 O : 155 ,W0 y�00LOT: 1335 t 01-051-19181375 1 1 LOT: 1336 4,400 01-051-1918-1336 LOT: 1356 4400 01-05-1-19.18-1356 LOT: 1376 4400 01-05-i-19.18-1376 LOT: 1337 4,400 01-05-1-19.18-1337 LOT: 1357 4y400 01-05-i-1918-1357 LOT: 1377 b400 01-05-1-19.18-1377 1 ; LOT: 1338 On 01-05-1-19.i8-1338 LOT: 1358 4y400 01-05-i-1918-1356 LOT: 1378 4,400 01-05-1-1918-1378 1 1 LOT: 1339 81111 01-05-1-1918-1339 LOT: 1359 4400 01-05-1-19.18-1359 LOT: 1379 4.400 01-05-1-19.18-1379 1 1 LOT: 1340 7.183 01-05-1-19.181340 LOT: 1360 4400 01-05-i-1918-1360 LOT: 1380 MOD 01-05-i-19.18-1380 1 1 LOT: 1341 8,100 01-05-1-1918-1341 LOT: 136i 4y400 01-05-1-19.W1361 LOT: 13M 4y400 01-05-1-19.18-1381 1 1 LOT: 1342 4,584 01-05-1-1918-1342 LOT: 1382 4*400 01-05-1-19.18-1362 LOT: 1382 4400 01-05-t-19.18-1382 I I LOT: 1343 4ti447 01-05-1-19.18-1343 LOT: 1363 4y400 01-05-1-1918-1353 LOT: 1383 4,400 01-05-1-19.18-1383 1 j LOT: 1344 4ti447 01-05-1-19.W1344 LOT: 1354 4400 01-05-1-1a18-1384 LOT: 1354 4,400 01-05-1-19.18-1364 1 I I 1 LOT: 1345 4.447 01-05-1-19.18-1345 LOT: 1305 4400 01-05-1-1ai8-1355 LOT: 1385 4400 01-05-1-1918-1385 1 1 LOT: 1346 4,447 01-05-1-19.18-1348 LOT: 1356 4400 01-05-1 1918-1366 LOT: 1385 MOD 01-05-1 1918/386 1 1 LOT: 1347 4,447 01-05-1-1918-1347 LOT: i367 4,400 01-05-i-i918-i307 LOT: 1397 4y400 01-051-1918-1397 1 1 LOT: 1348 4,447 01-05-1-1918-1348 LOT: i368 4400 01-05-4-19.18-1368 LOT: 1388 4y400 01-05-i-19.18-1388 1 1 0-05-t-19.1 -13 O : 1389 01-o5-i-19.18-3MLOT: 1349 4,447 01-05-t-1918-1349 OT: 1359 4y400 1 1 LOT: 1350 4,400 01-05-i-19.18-1350 LOT: 1370 4y400 01-05-t-19.18-1370 LOT: 1390 4r400 01-05-1-1918-1390 I I LOT: 1351 l,,400 01-05-1-1918-1351 LOT: 1371 440o 01-05-1-19.18-1371 LOT: 1391 4.400 01-05-1-19.18-1391 I I LOT: 1352 4,,400 01-05-1-19.18-1352 1372 4400 0i-05-i-1918-1372 LOT: 1392 4y400 0i-05-i-19.18-1392 M 1 I I LOT: 1353 4,,400 01-05-1-19.18-1353 LOT: 1373 4,400 (M-05-i-1916-1373 LOT: 1393 MOD 0145-i-1918-1393 UJ Q 1 1 LOT: 1354 4r400 01-05-1-tat8-1354 LOT: 1374 4,400 1 01-05-1-19.18-1374 LOT: 1394 4 400 01-05-i-19.18-1M4 , � I J UjUj U = I _ ' 1 / WT TABLE WT TABLE �-� Cr) LOT NO. AREA(mn ASSESSMENT NO. LOT NM AREA(S(LM ASSESSMENT Na 1 Uj, 1423 ' -_-- - LOT: 1395 4� m 01-05-1-19.18-1395 LOT: 1415 4�599 01-05-i-1918-14i5 , W 1424 j � --==-- LOT: 1396 b� 01-05-t-1918-1396 LOT: 1418 4AW 01-o5-i-i918-i416 ,+J �,,--.,�` 1425 1426 l -- 1 i LOT: 1397 4,400 01-05-1-19.18-1397 LOT: 1417 4AW 01-05-t-1918-1417 �' 1427 1 1 LOT: 1398 4400 01-05-1-1918-1398 LOT: 1418 4.800 Oi-05-t-ta18-1418 �---` 1428 1429 / l 1 1 LOT: 1399 4y447 01-05-t-1918-1399 LOT: 1419 4.400 01-�1-1918-1419 LOT: 1400 QM 01-05-1-19.W1400 LOT: 1420 4AW M-05-1-19.18-1420 1335 1 LOT: 1401 4^ 01-05-i-1918-1401 LOT: 1421 4r400 01-05-1-19.W142i / 1 1336 1 I LOT: 1402 4y800 01-05-i-19.W1402 LOT: 1422 4i,400 01-05-11918-1422 1337 1338 4, 1339 1 1 LOT: 1404 440o 01-05-11at8-1404 LOT: 7424 600 01-05-t-ta18-74s4 1361 - 1 4` 1 1 360 1 WT: 1405 4400 01-05-i-ta16-1405 LOT: 140 4AW 01-05-1-ta111-1425 _ , 1 1359 1340 1 LOT: 1406 4,40o Oi-05-i-19.181406 LOT: 7426 4.800 01-05-i-1916-14W i 13581357 ~ -� `�� LOT: 14M MW 01-05-1-i9.18-1407 LOT: 1427 4.400 01-05-11918-i427 1422 ' 1356 `� -�� 1 LOT: 1408 4,400 01-05-i-19.18-1408 LOT: 1428 4r400 01-05-119181428 13551354 ``\` -`` 1 1 w LOT: I" 4,400 01-05-t-19.19-1409 LOT: 7429 4.400 01-05-1-19.18-1429 1421 13531352 1341 ; ��>y/ ; LOT: 1410 4y8W 01-05-,-1at91410 LOT: 1411 4, 01-05-1-19.18-1411 1 , 13621363 1351 1350 i j ; L� 1 LOT: 1412 4A" 01-05-i-19181412 i 1364 1 1 1342 1 1 1420 ' �' 1365 1 1 ; _U) LOT: 1413 4436 0i-05-i-1916-7413 1366 ; , > 1 LOT: 7414 4431 01--05-t-19.18-1414 1419 -�, 1367 I 1 1343 i Q ' , ` 13681369137 0 i 1 ' 1418 1 1 (^ , , '�.,, 1371 1344 i l ' 1372 1 ' , 1373 1 1 i 1417 i 1 ! 1386 �,` ' 1 1345 / 1385 , 1384 1 1416 i i 13831382 ��`,\\ 1346 1381 ` _ ' l ► LEGEND: 1379 1347 i 1415 1 ; 13781377 ' , ASSESSED IMPROVEMENTS N (DAMS DRIVE) N cM r__- 1414 376 13871388 1 13751374 ' 1 1348 i PARCEL LINE 1 1 Q z ' r-___ _ ; ` �,, 13891390 1391 / ;' ROW LINE J W : ; -'-�- �� _ 1392 1 1349 LOT LINE 1393 --------------- Q �' �' `` ```- ``` ``� 1394 ; --- �`" �J - - EASEMENT LINE 13951396 ;' `'` 'T CENTER LINE 3 Q 1397 '"�- 100 LOT NUMBER w ' 14131412 , ``�`�, `~�` 1398 ,; , jam,__- 01-01-1-19. 1-100 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- DEVELOPMENT UNIT # -PARCEL # -LOT # 1411 1410 1409 - 1 .. _ t---� 1408 "--�--�--__ 1407co 1 - - _ 1406 o - 1405 LO - 1404 ! ; 1403 --- 1402 ' 1401 _ 1400 _ 1399 ; o _ •. ; 1 Rq p� wb C; y0 gNCE /� 22861 v / `� TIMOTHY D. i c CRALL1-1fZ31 It TM 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 �\�` Tel: 602.244.2566 / Fax: 602.244.8947 � �` www.entellus.com E SUPERSTITION VISTAS o _ COMMUNITY FACILITIES Z ; ice`-_�,�-•....,_ - ---_ DISTRICT NO. 1 APAC HJUNCTION, ARIZ NAUj O co ' PARCEL NO. 19. 18 ASSESSMENT AREA NO. 5 0 80 40 0 80 160 SHEET TOTAL DRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS SCALE: 1 "- 80 DATE: 04/03/2025 ENT PROD �: 745.028E 04 04 'SUPERSTITION VISTAS CFD NO . 1 ROLL CALL DATE: April 15, 2025 TIME: �0�.Olb?rn YES EXCUSED NO CHAIRPERSON WILSON VICE CHAIRPERSON SCHROEDER BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEMBER JOHNSON BOARDMEMBER NESSER BOARDMEMBER SELLER District Manager Bryant Powell Assistant District Manager Matt Busby District Clerk Evie McKinney Deputy District Clerk Amy Greening District Attorney Joel Stern District Director Mike Loggins District Controller Connie Chow District Administrative Assistant Rita Vineyard District Billing Supervisor Stacey Ramirez District Treasurer Angelie Hawley Utility Director Ted Wolff District Project Manager Charles Briggsoaf District Comm/Mr ktg.Director Kayla Fulmer Finance k — Ajs� — S:\Ternplates&Forms\Roll Call-SVCFD NO 1 and 2-Attendance.doc SUPERSTION VISTAS CED NO 1. VOTE - ROLL CALL NOTES: ITEM # MEETING OF MOTION BY: ___ SECONDED BY: YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER SOLLER VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEMBER JOHNSON CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 1 s;\templates&forms\vote call -svcfd no 1.docx SUPERSTION VISTAS CFI NO 1. VOTE - ROLL CALL NOTES: (2-e�iAtAio Mo. ZoLs:-Dol a Nr-\ -ktLtS1bi1",i Uoyt -�itv-"wk VIAS, No ZA 2,C'- 002- ITEM # MEETING OF MOTION BY: SECONDED BY: t2c%4y- -YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER NESSER BOARDMEMBER JOHNSON BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEMBER SOLLER VICE CHAIRPERSON SCHROEDER CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 2 sAternplates&forms vote call-svcfd no 1.docx SUPERSTION VISTAS CFD NO 1 VOTE _ ROLL CALL NOTES: ITEM ## MEETING OF FIV61 MC}TIfl1 Y: SECONDED BY: n: - -----:_ .�.......... ----- YES NO �_.....__. ABSTAINED ---------- __.. ____..... _- .---- __ ------_ ..... m_u» BOARD MEMBERS: -------------_ _ _ _-- __ _--- B }ARDMEMBER CROSS BOARDMEMBER NE ER BOARD MEMBER SOLLER BI ARDMEMBEF JOHNSON VICE CHAIRPERSON SCHROEDER BOARDMEMBER HECK CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL. Vote sheet si\templates&farms\vote call -svcfd no 3.docx City of Apache Junction, Arizona city Council Chambers 800 E Superstition Blvd Apache Junction,AZ 85119 Special Meeting Agenda apachejuncfionaz:gov Superstition Vistas Community Ph:(480)982-8002 Facilities District No. 'I Doors are open to the public at least 15 minutes prior to the posted meeting start time. Tuesday,April 15,2025 6:00 PM City Council chambers A. Gall to Order B. Roll Call G. Agenda Items 1. 25-151- Approval of minutes of special meeting of November 19, 2024. Sponsors Evie McKinney R Attachments: SVCFDIMIN 2024 11 19 MINUTES DRAFT 2. 25-152 Conduct a 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. 5 Special Assessment Bonds Sponsors. Evie McKinney 3. 25-163 Presentation, discussion and consideration of Resolution No. 2025-001 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 relating to A" rc , 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. 5; and ordering the public infrastructure projects performed. Sponsors: Evie McKinney Attachments: Res No 202 -001 SVCFQ NO 1 Feasibility Rr t SVCFD 1 AA 5 SAS Srs 2 1 25 SVGFD No. 1 liVaiver A reen�ent- ECt�I^2�7D ?1�891�514f City of Apache Junction,Arizona Page 1 Printed on 41101202$ Superstition Vistas Community Special Muting Agenda April 15,2025 Facilities district No.1 4. 25-164 Presentation,discussion and consideration of Resolution No. 2025-002 SV FD 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. 5 within the district, Sponsors: Evie McKinney Attachments: Res No 2025-002 SVCFQ No) 1 SV CD No i No.5-Assess er�t Da rani t'ien Set-- t12 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 clerkldistrict clerk, 300 R 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 maybe 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 internee conferenci"ng. City of Apache Junction,Arizona Page 2 Printed on 411012025 04.15.2025 ITEM NO. 1 APPROVAL OF MINUTES I MOVE THAT THE MINUTES OF THE NOVEMBER 19, 20 4, SPECIAL MEETING BE ( APPROVED) OR (DENIED). ITEM NO. I MOVE THAT RESOLUTION NO. 2025-001 SVCFD NO.1 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 RELATING TO APPROVAL OF THE FEASIBILITY REPORT FOR THE ACQUISITION AND FINANCING OF CERTAIN IMPROVEMENTS BENEFITTING 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. 5; AND ORDERING THE PUBLIC: INFRASTRUCTURE PROJECTS PERFORMED BE: (APPROVED) OR (DENIED). ITEM NO._4 MOVE THAT RESOLUTION NO. 025-002 SVCFD NO. 1 RESOLUTION OF THE DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING THE LEVYING OF AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT AREA NO. 5 WITHIN THE DISTRICT BE: (APPROVED) OR (DENIED). CITY OF APAt HE JUNCTION SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 Tuesday, April 15, 2025 A. CALL TO ORDER I would like to call the Superstition Vistas Community Facilities District No. 1 Meeting of April 15, 2025, to order and ask everyone to put their cell phones on silent. B. ROLL CALL C. AGENDA . Consideration of approval of the minutes of the special meeting of November 19, 2024. Do I have a motion? waitfor the motion and the 2nd. Roll Call 2. PUBLIC HEARING on the feasibility report for Superstition Vistas Community Facilities District No. 1. Call on Zach Saka , CFD Counsel I will now open the public hearing. public con speak for 5 min. Would anyone like to speak on these items Any discussion among the Board I will now close the public hearing. There is no motion on this item. 3. Presentation, discussion and consideration of Resolution No. 2025-001 S V C F D No. 1. Call on Zach Any discussion among the board? Beard can discuss. Do I have a motion? Wait for the motion and second. Rohl Call 4. Presentation, discussion and consideration of Resolution No. 2025-002 5 V C F D No. 1. Call can Zach Any discussion among the board? Board can discuss. Do I have a motion? Wait for the motion and second. Roll Call D. DISTRICT MANAGER REPORT—(none) E. DISTRICT DIRECTOR REPORT (none) F. DISTRICT TREASURER REPORT—(none) G. ADJOURNMENT Meeting Adjourned.