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HomeMy WebLinkAbout2025 06.17 SVCFD 1 Cityof Apache Junction Arizona City Council Chambers 300 E Superstition Blvd Apache Junction,AZ 85119 Special Meeting Agenda apachejunctionaz.gov Superstition Vistas Community Ph:(480)982-8002 Facilities District No. 1 Doors are open to the public at least 15 minutes prior to the posted meeting start time. Tuesday,June 17,2025 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 2 -266 Consideration and approval of meeting minutes from May 6, 2025, meeting. Attachments: CVCFD1MIN 2025 05 06 CRAFT" 2. 25-27 Presentation, discussion, and consideration of Resolution No. 2025-005 SVCFD No. 1, approving the proposed District budget for FY 2025/26 and ordering a hearing on and calling for public testimony on the District budget. Attachments: Resolution No,2025-005 SVCFQ No. 1 3. 25-266 Conduct a public hearing regarding the proposed District budget for FY 2025/26. 4. 25-269 Presentation, discussion, and consideration of Resolution No. 2025-006 SVCFD No. 1, adopting the District budget for FY 2025/26 and ordering a tax levy. Attachments: Resolution No.2025-006 SVCFQ No. 1 D. District Manager Report E. District Director Report F. District Treasurer Report City of Apache Junction,Arizona Page 1 Printed on 611212025 Superstition Vistas Community Special Meeting Agenda June 17,2025 Facilities District No.1 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 internet conferencing. City of Apache Junction,Arizona Page 2 Printed on 611212025 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 1. File ID: 25-286 Sponsor: Agenda Date:6/17/2025 Index: In Control: Superstition Vistas Community Facilit Consideration and approval of meeting minutes from May 6, 2025, meeting. City of Apache Junction,Arizona Pagel Printed on 611212025 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,May 6,2025 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 Present 7- Chairperson Wilson Vice Chair Schroeder Boardmember Heck Boardmember Johnson Boardmember Nesser Boardmember Cross Boardmember Soller Staff in attendance: Bryant Powell, District Manager Matt Busby, Assistant District Manager 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 Ryan Kaup, Economic Development Director Rob Wisler, District Management Analyst C. Agenda Items 1. 25-198 Approval of minutes of special meeting of April 15, 2025. Chair Wilson called for a motion. Boardmember Heck moved,seconded by Vice Chair Schroeder that the minutes of the April 15,2025,Special Meeting be approved. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Nesser,Boardmember Cross,andBoardmember Soller No 0 City of Apache Junction,Arizona Pagel Superstition Vistas Community Special Meeting Minutes May 6,2025 Facilities District No. 1 2. 25-200 Conduct a public hearing on the final assessment for the Superstition Vistas Community Facilities District No. 1, Assessment Area No. 5. Chair Wilson opened the public hearing at 6:02 p.m. Receiving no comments,Chair Wilson closed the public hearing at 6:02 p.m Zach Sakas, Esq. of Greenberg Traurig, outside counsel for the Superstition Vistas Community Facilities District No. 1 presented to the Board the special assessment bonds for Assessment Area 5 in D.R. Horton's Radiance development. He explained this was funding a portion for Davis Drive and the assessment per lot is$5,000.00. The district engineer and City staff have confirmed that the project is complete and that each lot being assessed will benefit from the street improvements. Boardmembers had no concerns. 3. 25-201 Presentation, discussion and consideration of Resolution No. 2025-003 SVCFD No. 1, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the final assessment for Assessment Area No. 5, determining that the work has been completed in accordance with the approved plans and specifications, and ordering the collection of the assessment in Assessment Area No. 5. Chair Wilson called for a motion. Boardmember Cross moved,seconded by Boardmember Nesser that Resolution No.2025-003 SVCFD No.1 be approved. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Nesser,Boardmember Cross,andBoardmember Soller No 0 Zach Sakas, Esq. of Greenberg Traurig, outside counsel for the Superstition Vistas Community Facilities District No. 1 presented to the Board Resolution No. 2025-003 and Resolution No. 2025-004. He explained that Resolution No. 2025-003 concludes the assessment process for Assessment Area 5. Resolution No. 2025-004 states the Board authorizes the issuance and sale of special assessment bonds in the amount of$5,000.00 per 172 lots for a total of $860,000.00. The proceeds of the bonds will be used for the street improvements on Davis Drive. Boardmembers had no concerns. City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes May 6.2V25 Facilities District No. 1 4. 25-202 Presentation, discussion and consideration of Resolution No. 2025-004 SVCFD No. 1. 0 resolution of the district board of Superstition Vistas Community Fooi|iUaa District No. 1' authorizing the issuance ofthe District's Assessment Area No. 5 Special Anoaaennent Bonde, Series 2O25; approving the form and authorizing the execution and delivery Of related documents; awarding the bonds too purchaser; appointing o n*gistnar, transfer agent and paying agent for the bonds; and authorizing the taking Of other actions securing the p8y[OeO[of and rg|GUOQ to the bonds. Chair Wilson called for a motion. Boardmember Heck moved,seconded by Boardmember Nesser that Resolution No.2n25'VV48VCFONo.1heapproved. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Boardmember Johnson,Board member Neoamr.8ouvdmmmb*r Cross,andBoan1mmmbarGoUor No O D. District Manager Report E. District Director Report - Presentation and discussion of the following items: F. District Treasurer Report - Presentation and discussion G. Adjournment Chair Wilson adjourned the meeting atG:U7p.m. ACCEPTED THIS DAY O . 2025. BY THE CHAIR PERSON AND DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 (CITY DFAP/\CHE JUNCTION, AR|Z{}NA). SIGNED AND ATTESTED TO THIS DAY OF . 2025. VVALTER^CH|P''VV|LSON CHAIR PERSON ATTEST: EV|EK4CK|NNEY DISTRICT CLERK City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.2. File ID: 25-287 Sponsor: Agenda Date:6/17/2025 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion, and consideration of Resolution No. 2025-005 SVCFD No. 1, approving the proposed District budget for FY 2025/26 and ordering a hearing on and calling for public testimony on the District budget. City of Apache Junction,Arizona Pagel Printed on 611212025 RESOLUTION NO. 2025-005 SVCF'D NO. 1 A RESOLUTION OF' THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING A PROPOSED DISTRICT BUDGET FOR FY 2025/26 AND ORDERING A HEARING ON SUCH BUDGET AS APPROVED WHEREAS, pursuant. to Arizona Revised Statutes ("A. R. S . ") § 48-716, the Treasurer of Superstition Vistas Community Facilities District No. 1 (the " l.atrict") prepared and Submitted to the Board of Directors of the District (the "District Board") for approval a proposed District budget for fiscal year ("FY") 2025/26 (the "Proposed Budget") ; and WHEREAS, the Proposed Budget sets forth the annual statements and estimates of the operation and maintenance expenses, together with the debt service payment , of the District for FY 2025/266, as required by A.R. S. § 48-723 (C) ; and WHEREAS, pursuant to A. R. S . § 48-723 (C) , the District Board filed the Proposed Budget with the clerk of the City of Apache Junction, Arizona, who serves as the clerk of the District, prior to May 27, 2025 NOW, THEREFORE, BE IT RESOLVED BY nlE BOARD OF DIREcrORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 , AS FOLLOWS: SECTION 1 r�oyal of the Fr-) ose�cL Bu,- et ,rhe Proposed Budget submitted to the District Board and attached as Exhibit A hereto is hereby, approved and a hearing on the Proposed Budget is hereby ordered as required by law, SECTION 2 Notice of Hearin Publication of the notice of the public hearing on the Proposed Budget in the form attached hereto as Exhibit B, which was - T published in accord ance with the provisions it A. R. S, § 48-716, is hereby ratified, approved and adopted. RESOLUTION NO, 2025-005 SVCF'D NO. I PAGE, I 0-F 2 SECTION 3 Effective Date This resolution is effective immediately. PASSED AND ADOPTED BY THE BOARD OF DIRECT OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, THIS 17TH DAY OF JUNE, 2025 SIGNED AND ATTESTED TO THIS 17TH DAY OF JUNE, 2025 . WALTER "CHIP" WILSON Chairman, Board of Directors ATTEST: EVIE MCKINNEY District Clerk APPROVED AS TO FORM: RICHARD JOEL STERN District Counsel ATTACHMENTS: Exhibit A Proposed Budget FY 2025/26 Exhibit B Notice of Hearing RESOLUTION NO. 2025-005 SVCFD NO. I PAGE 2 OF 2 EXHIBIT A SUPERSTITION VISTAS COMMUNITY FAcILITIEs DISTRICT PROPOSED GET SOURCES U 538, 150 REVENUES Developer Contribution $ 142,470 O&M Property 'rax 32, 530 Gera. Ob. Bond Property Tax 357, 850 Special. Assessments (including from capitalized interest) 502, 467 Contingency (Additional land tented and is taxable, and assessment, prepayments) 200, 000 TOTAL REVENUES $1,335, 31 `l OTHER FINANCING SOURCES Gen.. Ob. Bond Proceeds $4,000, 00 Sp. Assessment.rent Bond Proceeds 2, 000, 000 Contingency (Adjustments t final assessed valuation or bond repayment schedule) 2, 000, 000 TOTAL OTHER FINANCING SOURCES $8, 0()0, 000 TOTAL SOURCES _ 7L7,jj '467 USES EXPENSES SERVICE Gen. Ob. Bond Principal $ 252, 000 Gen, Ob. Bond Interest 205, 100 31r As mt, Bond Principal, 131 , 000 Sp. Assm . Bond Interest 321, 167 County Treasurer Assessment Collection Fees 9, 200 Bank Fees 5, 000 TOTAL EXPENSESV a 2:3, —467 E 1l3TT A PAGE 1 OF' EXPENSES - CAPITAL Geri. Ob Bond Acquisition of Public, Infrastructure $3, 500, 000 Sp. Assmt. Bond Acquis-ition of Public Infrastructure 2, 200, 000 Bond Costs of Issuance 900, 000 Appraisal Fees 15, 000 District Engineer Fees 60, 000 Contingericy for Additional Acquisition of Public Infrastructure 2, 000, 000 TOTAL EXPENSES - CAPITAL $8, 675, 000 EXPENSES - OPERATIONS Administration $ 50, 000 CFD Development Agreement Transfer 15, 000 Legal, 50, 000 Consulting Fees 25, 000 Insurance 30, 000 Contingency ---T 5, 000 TOTAL EXPENSES - OPERATIONS 75, 06i TOTAL USES SOURCES MORE/ (LESS) THAN USES RESOLU,r,ION NO. 2025-005 SVCFD NO. 1 EXHIBIT A PAGE 2 OF' 2 EXHIBIT B SUPERSTITION VISTAS CCVV1U`NITY EFIACILITIEs DISTRICT No. I NOTICE OF HEARING INQUIRED By A.R.S. §§ 48-716 ;uw 48-723 (C) CN THE PROPOSED BUDGET FOR FY 2025/26 OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 Pursuant to Arizona Revised Statutes ("A. R. S. ") K 48- 716 and 48-723 (C) , notice is hereby given that a public hearing on the Proposed Budget of the Sup erstiti(pi Vistas Comnuinity F"ac i itl s> istrict Na; I for FY 2025/26 will be heid by the District Board on June 17, 2025, at 6: 00 p.m. in the Apache Junction Council Chambers located at 3 0 0 E. Superstition Boulevard, Apache Junction, Arizona. A copy of the Proposed Budget is cui file with the Clerk of the City of Apache Junction, Arizona/District Clerk of Superstition Vistas Community Facilities District No. 1, at the City of Apache Junction located at 300 E. Superstition Boulevard, Building C, Apache Junction, Arizona 85119, telephone number (480) 982-8002 . This notice also constitutes notice of the filing of the ElStimate as required by A. R. S. § 48-723 (C) . DATED this day of 2025. /s/nistrict—Clark; District Clerk Superstition Vistas Community Facilities District No. 1 RESOLUTTON O. 2025-005 SVCFD NO. 1 EXHIBIT B City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 3. File ID: 25-288 Sponsor: Agenda Date:6/17/2025 Index: In Control: Superstition Vistas Community Facilit Conduct a public hearing regarding the proposed District budget for FY 2025/26. City of Apache Junction,Arizona Pagel Printed on 611212025 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.4. File ID: 25-289 Sponsor: Agenda Date:6/17/2025 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion, and consideration of Resolution No. 2025-006 SVCFD No. 1, adopting the District budget for FY 2025/26 and ordering a tax levy. City of Apache Junction,Arizona Pagel Printed on 611212025 RESOLUTION NO. 2025-006 SVCFD NO, 1 A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 ADOPTING THE DISTRICT BUDGET FOR FY 2125/26 AND LEVYING A TAX WHEREAS, pursuant 0) Arizona Revised Statutes ("A. R.S. ") 48-716, the Treasurer of Superstition Vistas Community Facilities District No. I (the "District") prepared and submitted to the Board of Directors of the District (the "District Board") for approval a proposed District budget for fiscal year ("FY") 2025/26 (the "Proposed Budget") ; and WHEREAS, the Proposed Budget` sets forth the annual statements and estimates of the operation and maintenance expenses of the District for FT 2025/26, as required by A. R. S. § 48-723 (C) ; and WHEREAS, on June 17, 2025, the Distrdct Board adopted Resolution No. 2025-005 SVCFD NO. 1, approving the Proposed Budget and ordering a hearing on the Proposed Budget as required by law; and WHEREAS, as required by eta Ida S. K 48-716 and 48-723 (C) , notice of the public hearing on the Proposed Budget and of the filing of the estimate, in the fora n attached hereto as Exhibit A, wa s published not less than ten days prior to the date hereof in a newspaper of general circulation in the District and was mailed to the clerk of the City of Apache Junction, Arizona; and WHEREAS, a public hearing was he on the date hereof, 11011, THEREFORE, BE IT RESOLVED BY THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, AS FOLLOWS: SECTION I 02plim-of tC -=o -L)tQ-001 The Proposed Budget in the form attached hereto as Exhibit 13 is hereby approved and adopted as the final District budget for FY 2025/26. RESOLUTION NO. 2025-006 SVCFD NO. 1 PAGE 1 OF 2 SECTION 2 Tax Lev- L.LL A to levy (the "Tax Levy") in the form attached hereto as Exhibit C is hereby ordered, approved and adopted, and the District Clerk is hereby directed to deliver certified copies Of ths 'Fax Levy to the Pinal County (Arizona) Board of Supervisors, to the Arizona Department of Revenue, and to any entity acting as trustee for any District bonds. SECTION 3 Effective Date This Resolution is effective immediately. PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 , THIS 17TH DAY OF JUNE, 2025. SIGNED AND ATTESTED TO THIS 17TH DAY OF JUNE, 2025. WALTER "CHIP" WILSON Chairman, Board of Directors ATTEST: EVIE MCKINNEY DisLrict Clerk APPROVED AS TO FORM: -- 401lip w to:2 5 RICHARD JOEL STERN District Counsel. ATTACHMENTS: Exhibit A Notice of Hearing Exhibit 13 Adopted Budget FY 2025/26 Exhibit C "Tax Levy RESOLUTION NO. 2025-006 SVCFD NO. 1 PAGE 2 OF 2 EXHIBIT SUPERSTITION 'VISTAS COMMUNITY FAcILITiFs DISTRICT No. NOTICE OF HEARING CV THE PROPOSED BuDGET FOR FY 2025/26 OF SUPERSTITION 'VISTAS CommNiTy FA I I'TI S DISTRICT No. Pursuant to Arizona Revised Statutes ("A. R. m ") i i.C and ti- 7i 3 (C) , notice is hereby given that a public hearing on the Proposed Budget of the Superstition Vistas Community Facilities District No. i for FY 2025/26 will be held by the Distri.ct, Bard can JunE, 17 2025, at 6: 00 p.m in the Apache Junction Council Chambers located at 300 E. Superstition Boulevard, Apache Junction, Arizona .. A copy of the Proposed Budget: is on file with the Clerk of the City of Apache Junction, Arizona/Dis rr~ict Clerk Superstition Vistas Cownunity Facilities District No. i at the i.t:y of Apache Junction located at 300 N. Superstition Boulevard, Building C4 Apache Junction, Arizona 85219, telephone number (480) 983-- 002. This notice also constitutes notice of the filing of the estimate as required by DATED this day of , 2025 . District (Clerk . Superstition Vistas Community Facilities ristri ct No. i EXHIBIT B SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 AmPTED Bur)GET / SOURCES U 538, 150 REVENUES Developer Contribution $ 142, 470 O&M Property Tax 32, 530 Gen. Ob. Bond Pi."operty Tax 357, 850 Special Assessments (including rom capitalized tolize interest) 502,46.7 Contingency (Additional iand patented and is taxable, and assessment rep yinent.$) 200, 000 TOTAL REVENUES $1,235, 317 OTHER FINANCING SOURCES Gen. Ob. Bond Proceeds $4, 000, 000 p. Assessment Bond Proceeds 2, 000, 000 Contingency (Adjustments to final assessed valuation or bond repayment schEdule) 2, 000, 000 TOTAL OTHER FINANCING SOURCES $1 , Q 5, 15 5 TOTAL CEO ``1. USES` EXPENSES .VICE Gen. Ob. Bond Principal $ 252, 000 Gen. O * BOTic" Interest 205, 100 Sp. Assmt. Bond Principal 131, 000 p. Assmt. Bond Interest 321, 167 County Treasurer _Assessment Collection Fees r 200 Bank Fees 5, 000 TOTAL EXPENSES - DEBT SERVICE $ 92 3, 4 67 RESOLUTION NO. 2025-006 `VC1F D NO. 1 EXHIBIT AGE 1 OF EXPENSES - CAPITAL Gen. 01) Bond Acquisition of Public Infrastructure $3, 500, 000 Sp. Assmt. Bond Acquisit-ion of Public Infrastructure 2, 200, 000 Bond Costs of Issuance 900, 000 Appraisal Fees 15, 0()0 District Engineer Fees 60, 000 Contingency for Additional., Acquisition of Public Infrastructure 2, 000, 000 TOTAL EXPENSES - CAPITAL $8, 675, 000 EXPENSES - OPERATIONS Administration $ 50, 000 CFD Development Agreement ,rransfer 15, 000 1,egal 50, 000 Consulting Fees 25, 000 Insurance 30, 000 Contingency 5, 000 TOTAL EXPENSES - OPERATIONS $ 175, 000 TOTAL USES ' _773 46-7 SOURCES MORE/ (LESS) THAN OSES RESOLUTION NO. 2025-006 SVCFD NO. 1, EXFIIBTT B PAGE 2 OF 2 EXHIBIT C SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO TAx LEvy P�31KS0AN,i, To RESOLJJTION No. 2025-006 SVCFD No. I passed on Jurie 17, 2025 by the Board of Directors of Superstition Vistas Conuaunity Facilities District No. I (the "District") , it is hereby ordered levying an ad valorem tax on the net, assessed limited property value of all taxable property within than District for FY 2025/26, such tax levy to be apportioned as follows : (i) at at rate equal to $0 . 30 per $100 . 00 of net assessed limited property value for the purpose of operation and maintenance expenses of the District; provided, however, that such rate shall not, exceed $0 . 30 per $100. 00 of net assessed limited property value, and, (ii) at as rate equal to $3 . 30 per $100 . 00 of net as see,ed limited property value for the purpose of paying the principal of and interest on. general obligation bond indebtedness to be incurred during FY 2025/26. A map of the District is attached hereto as Appendix A. DATF�1,-): JuNF, 17, 2025. Chairman, District Board Superstition Vistas Community Facilities District No. 1 Ni:TES'T District Clerk Superstition Vistas Community Facilities District No. 1. RESOLUTION NO. 2025-006 SVCFD NO. 1 EXHIBI'.1' C APPENDIXN µ N WARNER AWW' u . Y AVL 1000 2000 Hr , 1 , 2000 SUPERSTITION VISTA, NOT CFD O,i BOUNDARYEXHIBIT FOR CONSTRUCTION W CHECK Oki D',RAWN cw Ri,i _..