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HomeMy WebLinkAbout2024 03.19 SVCFD 2 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. 2 Tuesday, March 19,2024 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 24-110 Approval of minutes of special meeting of December 19, 2023. Sponsors: Matt Busby Attachments: Special Meeting Minutes December 19�2023 2. 2 -111 Presentation, discussion and public hearing on the feasibility report for a proposed project to be financed by the issuance of the Superstition Vistas Community Facilities District No 2. Assessment Area No. 1 Special Bond. Sponsors: Matt Busby Attachments: FEASI REPORT SVCFD 2 AA 1 SAB Srs 24 vF 3-12-24 3. 24-112 Presentation, discussion and consideration of Resolution No. 2024-001 SVCFD No. 2, a resolution of the district board of the Superstition Vistas Community Facilities District No. 2 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. 1; and ordering the public infrastructure projects performed. Sponsors: Matt Busby Attachments: RES-2024-001 SVCFD No.2 AA 1 Rev Bds 2024-Resolution FEASI REPORT SVCFD 2 AA 1 SAB Srs 24 vF 3-12-24 695747561 v 1 SVCFD No.2 AA 1 Waiver and Development SVCFD 2 AA 1 2024-Notice of Feasibility Hearing City of Apache Junction,Arizona Page 1 Printed on 311412024 Superstition Vistas Community Special Meeting Agenda March 19,2024 Facilities District No.2 4. 24-113 Presentation, discussion and consideration of Resolution No. 2024-002 SVCFD No. 2, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 approving the levying of an assessment and assessment diagram for Assessment Area No. 1 within the district. Sponsors: Matt Busby Attachments: RES-2024-002SVCFD No. 2 AA 1 2024-Resolution A nc 2proyL SV CFD No.2 AA No.1 -Assessment Diaoram Plan Set--2024- 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 311412024 City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 1. File ID: 24-110 Sponsor: Matt Busby Agenda Date:3/19/2024 Index: In Control: Superstition Vistas Community Facilit Approval of minutes of special meeting of December 19, 2023, City of Apache Junction,Arizona Page 1 Printed on 311412024 City of Apache Junction Arizona 00 ECouncil Chambers d � 300 Superstition Blvd Apache Junction,AZ 85119 Special Meeting Minutes apachejunctionaz.gov Ph: (480)982-8002 Superstition Vistas Community Facilities District No. 2 Tuesday, December 19,2023 5:30 PM City Council Chambers A. Call to Order Chair Wilson called the meeting to order at 5:29 p.m. B. Roll Call Present 7- Chairperson Wilson, Boardmember Schroeder, Boardmember Heck, Boardmember Johnson, Boardmember Nesser, Boardmember Soller, and Boardmember Cross Staff in attendance: Bryant Powell, District Manager Matt Busby,Assistant District Manager Joel Stern, District Attorney Jennifer Pena, District Clerk Evie McKinney, Deputy District Clerk Leslie DeReche, District Treasurer Kimberly Heldt, District Purchasing Administrator Sidney Urias, District Planning Manager Eli Richardson, District Management Analyst Rob Wisler, District Management Analyst C. Agenda Items 1. Approval of minutes of special meeting of June 6, 2023. Chair Wilson called for a vote. Boardmemeber Heck moved that the minutes be approved, seconded by Vice Chair Schroeder. Yes: 7- Chairperson Wilson, Boardmember Schroeder, Boardmember Heck, Boardmember Johnson, Boardmember Nesser, Boardmember Soller and Boardmember Cross No: 0 2. Presentation, discussion and consideration of Resolution No. 2023-003 SVCFD No. 2, a resolution of the district board of Superstition Vistas Community Facilities District No. 2, declaring its intent to delete an area from the boundaries of the District and approving the deletion of an area from the boundaries of the District; approving the First Amendment to the Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement to reflect the new District boundaries; approving an amendment to the General Plan for the District to reflect the new District boundaries, and authorizing other actions in connection with the deletion of an area from the boundaries of the District. City of Apache Junction,Arizona Page 1 Superstition Vistas Community Special Meeting Minutes December 19, 2023 Facilities District No. 2 Chair Wilson asked for a motion. Boardmember Soller moved that the resolution be approved, seconded by Boardmember Nesser. Yes: 7- Chairperson Wilson, Boardmember Schroeder, Boardmember Heck, Boardmember Johnson, Boardmember Nesser, Boardmember Soller and Boardmember Cross No: 0 Zach Sakas, Esq. of Greenberg Trauig, LLP, outside counsel for the Superstition Vistas Community Facilities District presented to the board regarding the Resolution and area of deletion from the District boundaries. D. Public Hearing E. District Manager Report F. District Director Report - Presentation and discussion of the following items: G. District Treasurer Report - Presentation and discussion H. Adjournment Chair Wilson adjourned the meeting at 5:41 p.m. ACCEPTED THIS DAY OF 2024, BY THE CHAIR PERSON AND DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 , (CITY OF APACHE JUNCTION,ARIZONA). SIGNED AND ATTESTED TO THIS DAY OF , 2024. WALTER"CHIP"WILSON Chairperson ATTEST: JENNIFER PENA District Clerk City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes December 19, 2O23 Facilities District No. 2 SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 MINUTES CERTIFICATION I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the special meeting of Superstition Vistas Community Facilities District No. 2of the City of Apache Junction, Arizona, held on the 19th day ofDecember, 2023. | further certify that the meeting was duly called and held and that a quorum was present. Dated this day of . 2024. JENN|FEF{ PENA District Clerk City or Apache Junction,Arizona Page City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.2. File ID: 24-111 Sponsor: Matt Busby Agenda Date:3/19/2024 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and public hearing on the feasibility report for a proposed project to be financed by the issuance of the Superstition Vistas Community Facilities District No 2. Assessment Area No. 1 Special Bond. City of Apache Junction,Arizona Page 1 Printed on 311412024 FEASIBILITY REPORT For The Issuance of Not to Exceed $1,939,000 Principal Amount OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 ASSESSMENT AREA NO. 1 SPECIAL ASSESSMENT BONDS, SERIES 2024 Public Hearing Date: March 19, 2024 TABLE OF CONTENTS SECTION Introduction; Purpose of Feasibility Report; General Description of District ONE Description of Public Infrastructure TWO Map of the District Showing Location of Public Infrastructure and Area to be Benefited THREE Estimate of Costs and Timetable for Acquisition of Public Infrastructure FOUR Plan of Finance FIVE APPENDIX Legal Description for Assessment Area No. 1 I Summary of Appraisal for Assessment Area No. 1 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. 2 (the "District") in connection with the proposed issuance by the District of its Assessment Area No. 1 Special Assessment Bonds, Series 2024 (the `Bonds") in a principal amount of not to exceed $1,939,000, 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 1,312 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 ("D.R. Horton"), was the successful bidder at the public auction conducted by Arizona State Land Department("ASLD")in November 2020 and will purchase the real property from ASLD over time pursuant to the terms of the Certificate of Purchase 53-120190 executed November 12, 2020, as thereafter amended. Upon the petition of D.R. Horton as the then-owner of all land within the boundaries of the District, the Mayor and Council of the City adopted a resolution on October 5, 2021, which formed the District. Pursuant to the Purchase Agreement and Partial Assignment and Delegation of Rights Under Participation Contract, dated March 14, 2022 (the `Brookfield Purchase Agreement"), by and between D.R. Horton and Brookfield Homes Holdings, LLC, a California limited liability company (`Brookfield Homes"), D.R. Horton agreed to sell and Brookfield Homes agreed to purchase the real property within the boundaries of the District. Brookfield Homes subsequently assigned to Brookfield ASLD 8500 LLC, a Delaware limited liability company (the "Developer"), all of Brookfield Homes' right, title and interest to acquire and develop the real property within the boundaries of the District pursuant to the Brookfield Purchase Agreement. The Developer is now developing the mixed use, master planned community known as Blossom Rock consisting of approximately 1,312 acres of a larger 1,408 acre project (the "Project"). The Project is located east of Ironwood Drive, west of Idaho Road alignment, south of Radiance Avenue and north of Ray Avenue. Construction on the Project commenced in November 2021, and the Developer expects the first home ONE- 1 closings will occur in May 2024. The District was created to assist with financing the acquisition of public infrastructure and public infrastructure purposes within the District. Single family residential units represent approximately 1,170 acres within the Project. Non-residential development comprises approximately 142 acres within the Project and includes churches, government, fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The real property comprising Assessment Area No. 1 consists of 554 lots (the"Assessed Lots") and is approximately 1.09 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. The following chart characterizes the approximate acreage within the District as well as the acreage within Assessment Area No. 1,which is fully within the boundaries of the District. Approximate Approximate Assessment Area Total District District Acres No. 1 Lot Area Acres Single Family Residential 1,170 109 Non-Residential(a) 142 0 Total 1,312 109 (a) Includes churches, 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. 1 is included in Appendix 1. Maps of the District, Assessment Area No. 1, 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 Paid by Eligible for Funding Estimated Engineer's Prior from Bonds and Completion Acquisition Project Description Cost Cost Bonds Future Bonds Date* 1. Blossom Rock Trail — SVJOC-001.04W; $502,159 $502,159 $0 $502,159 January 2024 SVJOC-001.04R 1,710,623 1,710,623 1,710,623 * Completion represents the date by which the Public Infrastructure was constructed,which may differ by the date that it was accepted by the City or other governmental entities,as applicable. The Public Infrastructure consists of construction of approximately 3,639 linear feet of full street surface improvements, including curb and detached sidewalk. The street improvements include two lanes in each direction and tying into existing Ray Avenue to the South and extending to the North. These improvements include 1.2-inch potable water and 8-inch water stubs, various sizes of storm drain, concrete curb and gutter, sidewalk, paving, striping, signage, streetlights and street sleeves. All improvements are shown on the plans sealed by Wood, Patel and Associates, on December 29, 2022 and approved by the City, which may be amended from time to time to allow for additional property uses adjacent to Blossom Rock Trail that are not yet known. 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 Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement, recorded on October 11, 2022, at Fee No. 2022-106816 in the records of Pinal County, Arizona (the "County"), as thereafter amended by the First Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement, recorded on January 25, 2024, at Fee No. 2024- 005632 in the records of the County (collectively, the "District Development Agreement"), 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. SECTION THREE MAP OF THE DISTRICT SHOWING LOCATION OF PUBLIC INFRASTRUCTURE AND AREA TO BE BENEFITED The District LLT AVENUE s �°A 1 ,312 ACRES WARNER AVENUE uj s� �m �i s�. '} Y f a F " ¢ s { 1 RAY AVENUE THREE- 1 Assessment Area No. 1 ,s'? It ` V' k �t � ..,✓ '" Y � �"� sY � �} € �� '� air t� �r'.. r SHEET .x I t T LOTS 485.554 it % k Y s (701 OT �V. je. h � y a lit at ' Y SHEFT07"Al ,Y r, CS4i4S4 �vk x, (12 LOTS) SHFFT s 1 w I wr LOTS 66-&S � `s L '� s � ,xi � ✓Y= P r' 1 i (50 LOTS$ d as $ c= ^x b �' S n f� T ,d LOTS I 3Y � 4 ° S4-STt5a ; 107 9 TS xx 4 _ Y 'W" a f k rA ] vf ! SHEET 04 I I+ ,& 1 t7-5 <" c —s,,,, a [( 4 ryi m.. III yip p 3 J." LEGEND: ASSESSED IMPROVEMENTS (BLOSSOM ROCK TRAIL) ASSESSMENT AREA EMNTS PARCEL LINE LOT LINE too LOT NUMBER THREE-2 SECTION FOUR ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE The table in Section Two outlines the cost estimate and completion dates for the construction of the Public Infrastructure. Proceeds of the Bonds, after payment of the costs of issuance, will be used to finance the acquisition of all or a portion of the Public Infrastructure projects listed in Section Two. Listed below is an estimated draw schedule of the proceeds of the Bonds for acquisition of the Public Infrastructure. Estimated Acquisition Public Infrastructure Price Completion Date(a) Funds Draw Date Blossom Rock Trail— January 2024 May 2024 SVJOC-001.04W; $502,159 SVJOC-001.04R; 1,710,623 Total $2,212,782 (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. 1. 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 predecessor entity to 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 2024. The amount shown on the cover of this Report is a not-to-exceed amount; the actual aggregate principal amount of the Bonds issued may be lower. It is currently estimated that the Bonds will have a final maturity of not more than 25-years and be structured to achieve generally level annual debt service. The Bonds will not be rated by any rating agency. (iii) Per Lot Assessment Amount The per residential lot assessment amount is expected to be no more than $3,500.00 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 $3,500.00 per residential lot assessment results in an annual assessment payment of approximately $309 per home, or approximately $26 per month, assuming a 25-year maturity and a 7.00% interest rate. The special assessments are expected to be collected on behalf of the District by the Pinal County Treasurer's Office. FIVE- I (iv) Estimated Sources and Uses of Funds. The proceeds of the Bonds will be applied by the District to finance the acquisition of all or a portion of the Public Infrastructure listed in Section Two of this Report. The estimated sources and uses of funds related to the sale of the Bonds is: SOURCES: Principal Amount of Bonds $1,939,000.00 Total $1,939,000.00 USES*: Cost of Public Infrastructure $1,377,000.00 Debt Service Reserve Fund 172,000.00 Deposit to Bond Fund 155,000.00 (representing capitalized interest) Estimated Costs of Issuance 235,000.00 Total $1,939,000.00 ESTIMATED COSTS OF ISSUANCE* Underwriter's Compensation $35,000.00 Bond Counsel 100,000.00 Underwriter's Counsel 25,000.00 Financial Advisor 50,000.00 District Engineer 15,000.00 Appraisal Fee 5,000.00 Registrar&Paying Agent 1,000.00 Miscellaneous 4,000.00 Total $235,000.00 (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. 1, prepared by Schnepf Ellsworth Appraisal Group, LLC on March 6, 2024. The appraisal demonstrates a value-to-lien ratio on a per lot basis of at least 26 to 1. A complete copy of the appraisal report is available upon request. (vi) Disclosure of Assessment Payments. A.R.S. Section 32-21.81 et seq. requires the disclosure of all property taxes and assessments to be paid by a homeowner in the Arizona Department of Real Estate Subdivision Public Report (the "Public Report"). The Developer must supply each of its homebuyers a Public Report and, prior to any home sale, the homebuyer must acknowledge by signature that they have read and accepted the Public Report. In addition, the Developer will require the homebuyer to sign an additional form that highlights and discloses the additional assessment payments as a result of District financing. * Preliminary, subject to change. FIVE-2 (vii) Operation and Maintenance of Public Infrastructure. All infrastructure financed by the District will be dedicated to and accepted by the City, or other governmental entities, as applicable. The obligations pertaining to the operation and maintenance of the Public Infrastructure have been negotiated between the City, the District and the Developer and are set forth in the various development agreements among the parties. The administrative costs of the District and those costs associated with the operation and maintenance of the Public Infrastructure which are not the obligation of the City will be provided by several sources of funds: the levy of a $0.30 per $100 of net assessed limited property valuation ad valorem tax in the District (the "O&M Tax"), Homeowner's Association fees and Developer contributions, if any. (viii) Other District Information. Shown in the table below is the District's overlapping general obligation bonded indebtedness including a breakdown of each overlapping jurisdiction's applicable general obligation bonded indebtedness, net assessed limited property value and combined tax rate per $100 of net assessed limited property value. OVERLAPPING GENERAL OBLIGATION BONDED INDEBTEDNESS & OVERLAPPING NET ASSESSED LIMITED PROPERTY VALUES—2023/24 Portion Applicable to the District(a) Total Tax General Proportion Applicable Rates Per$100 Net Assessed Obligation to the District(a) Net Assessed Limited Bonded Approximate Net Debt Limited Property Overlapping Jurisdiction Property Value Debt(b) Percent Amount Property Value(c) State of Arizona $ 83,026,530,244 None % 0.00 None None Pinal County 3,390,905,658 None 0.01 None $3.8810 (d) Pinal County Community College District 3,390,905,658 $ 54,905,000 0.01 $ 6,647 1.9200 Central Arizona Water Conservation District 3,390,905,658 None 0.01 None 0.1400 (d) East Valley Institute of Technology 862,566,705 None 0.06 None 0.0500 Apache Junction Unified School District No.43 536,976,475 10,225,000 0.09 7,817 4.1254 Superstition Fire&Medical District 521,438,586 1,977,000 0.09 1,556 3.5900 City of Apache Junction 198,538,048 None 0.25 None 0.0000 Superstition Vistas Community Facilities District No.2(e) 410,526 None 100.00 None 4.1500 $ 16,021 (a) Proportion applicable to Assessment Area No. 1 is not available. In future years, proportion applicable to the District will be used instead. For Tax Year 2023, portions of the land within the boundaries of the District were still owned by ASLD and therefore not subject to property taxes and assessed values were not assigned to such portions of the District. Because the area that encompasses Assessment Area No. 1 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. FIVE- 3 (b) Includes total stated principal amount of general obligation bonds outstanding. Does not include outstanding principal amounts of certificates of participation or revenue obligations outstanding for the jurisdictions listed above. Also does not include outstanding principal. amounts of bonds of various assessment districts or areas as the obligations of these districts or areas are presently being paid from special assessments against property within the various districts or areas. Does not include authorized but unissued general obligation bonds of such jurisdictions which may be issued in the future. Also does not include the obligation of the Central Arizona Water Conservation District ("CAWCD") to the United States Department of the Interior the ("Department of the Interior"), for repayment of certain capital costs for construction of the Central Arizona Project("CAP"), a major reclamation project that has been substantially completed by U.S. Department of the Interior. In April of 2003, the United States and CAWCD agreed to settle litigation over the amount of the construction cost repayment obligation, the amount of the respective obligations for payment of the operation, maintenance and replacement costs and the application of certain revenues and credits against such obligations and costs. Under the agreement, CAWCD's obligation for substantially all of the CAP features that have been constructed so far will be set at $1.646 billion, which amount assumes (but does not mandate) that the United States will acquire a total of 667,724 acre-feet of CAP water for federal purposes. The United States will complete unfinished CAP construction work related to the water supply system and regulatory storage stages of CAP at no additional cost to CAWCD. Of the $1.646 billion repayment obligation, 73% will be interest bearing and the remaining 27% will be non-interest bearing. These percentages have been fixed for the entire 50-year repayment period, which commenced 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 $0.1.693 tax rate of the Pinal County Flood Control District, the $0.0965 tax rate of the Pinal County Free Library, the $0.0552 tax rate for the contribution to the Pinal County Fire District Assistance and the $3.5600 tax rate of the County. The net assessed limited property value of the County Flood Control District does not include the personal property assessed valuation within the County. The net assessed limited property value for the CAWCD reflects the assessed valuation located within the County only. The County is mandated to levy a tax annually in support of fire districts in the County. All levies for library districts, hospital districts, fire districts, technology districts, water conservation districts and flood control districts are levied on the net full cash assessed value. (e) Does not include the Bonds. Does not include special assessment bonds or general obligation bonds expected to be issued by the District in the future. The District levied the O&M Tax in fiscal year 2023-24 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 FIVE-4 both debt service and operation and maintenance purposes would be 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. TABLE ONE ESTIMATED DEBT SERVICE SCHEDULE* Total Estimated Annual Fiscal Debt Service Year Principal Interest(a) Requirements* 2024/25 $ 152,696 $ 152,696 2025/26 $ 36,000 135,730 171,730 2026/27 39,000 1.33,21.0 172,210 2027/28 42,000 130,480 172,480 2028/29 44,000 1.27,540 1.71,540 2029/30 48,000 124,460 172,460 2030/31 51,000 1.21,1.00 172,100 2031/32 55,000 117,530 172,530 2032/33 58,000 1.1.3,680 1.71,680 2033/34 62,000 109,620 171,620 2034/35 67,000 1.05,280 172,280 2035/36 71,000 100,590 171,590 2036/37 76,000 95,620 1.71,620 2037/38 82,000 90,300 172,300 2038/39 87,000 84,560 1.71,560 2039/40 94,000 78,470 172,470 2040/41 100,000 71,890 1.71,890 2041/42 107,000 64,890 171,890 2042/43 1.1.5,000 57,400 1.72,400 2043/44 123,000 49,350 172,350 2044/45 131,000 40,740 171,740 2045/46 140,000 31,570 171,570 2046/47 150,000 21,770 171,770 2047/48 161,000 11,270 172,270 $ 1,939,000 (a) Interest column reflects total interest payments for each fiscal year;interest will be paid semi-annually on January I and July 1, commencing on January 1,2025*. Interest is estimated at 7.00%. * Preliminary, subject to change. FIVE- 5 BROOME ASLD 8500 LLC, a Delaware limited liab' ' company By: Name: J Title: _ % SR• J�c.� r1per►reGMT- By: _ _.- Name: Title: r ,-1- FIVE- 6 APPENDIX 1 LEGAL DESCRIPTION FOR ASSESSMENT AREA NO. 1 LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 1 Lots 1 through 554, inclusive, according to the Final Plat for Blossom Rock Phase 1, recorded as Fee No. 2022-084918, Official Records of Pinal County, Arizona, and Affidavit of Correction recorded as Fee No. 2023-036163,Official Records of Pinal County,Arizona. APPENDIX 1- I APPENDIX 2 SUMMARY OF APPRAISAL FOR ASSESSMENT AREA NO. 1 An Appraisal Report of the Market Value of the fee simple interest Superstition Vistas Community Facilities District No. 2 Assessment Area No. 1 554 lots within the Final Plat of Blossom Rock Phase 1, located east of Ironwood Drive and north of Ray Road,Apache Junction, Pinal County,AZ ** r y Prepared For: Superstition Vistas Community Facilities District No. 2 300 E. Superstition Boulevard Apache Junction,AZ 85119 Inspection Date: February 9, 2024 Valuation Date: February 9, 2024 x Prepared by: Real Estate Appraisers/Consultants - P.O. Box 2829, Mesa,Arizona, 85214 Phone 480.497.1113 E-mail larry@schnepfellsworth.com Job # 24-2590 Copy 1 of 1 Copyright 2024 by Schnepf Ellsworth Appraisal Group LLC ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2590 Executive Summary Type of Property: The subject consists of a single-family residential subdivision site Type of Report: Appraisal Report Class: Single-family residential subdivison land Job No.: 24-2590 Job Name: Superstition Vistas Community Facilities District No. 2 Assessment Area No. 1 Location: The subject is located northeast of Ironwood Drive and Ray Road and is a part of the Blossom Rock Phase 1 development, 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. 2 (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. 2, Assessment Area No. 1. Improvements Summary: The subject consists of a master-platted parcel consisting of 554 planned lots within the final plat for Blossom Rock Phase 1. ii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2590 Assessor's Parcel: Assessor parcel numbers are included in the addenda. 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 554 lots is 4,743,540 square feet or 108.90 acres. The proposed development has a density of 3.23 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: February 9, 2024 Date of Valuation: February 9, 2024 Valuation Conclusions: As is-85% As is-85 Total As if-Complete As if-Complete Complete Complete Parcel Lots Per lot Parcel Value Per lot Parcel Value SV CFD2, AD1 Lots 1-255 255 $108,500 $27,667,500 $9 ,000 $23,460,000 SV CFD2, AD1 Lots 256-432 177 $121,000 $21,417,000 $103,000 ; $18,231,000 SV CFD2, AD1 Lots 433-554 122 $129,000 $15,738,000 $109,500 $13,359,000 Aggregate Total** 554 $64,822,500 $55,050,000 Average $117,008 $99,368 **Sum of the individual lot totals iii (V SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2590 SUb'eCt Photo ra hS (February 9, 2024) 9 §�s3I�t}flit t }; t r 2—Looking north along Blossom Rock Trail at Ray Road. 1— Subdivision entry at Ray Road and Blossom Rock Trail. { 1,n � arty i hit r��ticsr{ftt}t� ," '_� t( i Wo 554d��}� ilk�fi�#{{t73tt'� � r (ii Stir f#�tri`� is -. ..: 4 flt tt t'41 tErs43it d,��'" ..&� >1l iY;i�l ���y#fit 1✓ Ft t�)/fly £ tf �, t 3 —Looking west along Ray Road from Blossom Rock Trail. 4—Looking north along Ironwood Drive at Ray Road. iv ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2590 t= s e. r r.,er r frw 6 —Looking NW on Blossom Rock toward specs on Dutchman 5—Looking NE from Blossom Rock and Bonita Springs Rd. Drive. s x&k 7—Looking east across the lake area. 8—Looking north from Dutchman Drive and Rock Needle Trail. v ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2590 .„- s r t u r' r }3i r � ifi Urr�4Ni"1g t h.tf 9—Tri Pointe Models 10—Looking west along Ridge Road at Dutchman Drive. ,w >r t f{ i ' wits ' �a win �v 11 —Lennar lots on the west side. 12—Looking west along the west side. vi ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2590 ZFti' tt Xtf�` a t �4 + Y 0 4 ��, s�tt1��Ylls r�trnYA�t,Z z W , r 13 Models at Dutchman Dr and Gold Stone Trail. 14—Goldstone Park area. l 7Ptt t V { rl t3 4y, ¢z, 15 —Looking south from Gold Ore Pass at Gold Stone Trail. 16—Looking south along Gold Stone Trail from Gold Ore Pass. vii City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No. 3. File ID: 24-112 Sponsor: Matt Busby Agenda Date:3/19/2024 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. 2024-001 SVCFD No. 2, a resolution of the district board of the Superstition Vistas Community Facilities District No. 2 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. 1; and ordering the public infrastructure projects performed. City of Apache Junction,Arizona Page 1 Printed on 311412024 RESOLUTION NO. 2024-001 SVCF°D NO. RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 APPROVING THE FEASIBILITY REPORT RELATING TO THE ACQUISITION AND FINANCING OF CERTAIN IMPROVEMENTS DENEF°ITTING THE DISTRICT; APPROVING THE PRIOR. GIVING OF NOTICE OF HEARING RELATING TO THE FEASIBILITY REPORT; DECLARING ITS INTENTION TO ACQUIRE CERTAIN IMPROVEMENTS DESCRIBED IN THE FEASIBILITY REPORT; FORMING AN .ASSESSMENT AREA; DETERMINING THAT SPECIAL ASSESSMENT BONDS MAY BE ISSUED TO FINANCE THE COSTS AND EXPENSES THEREOF UNDER THE PROVISIONS OF TITLE 48 , CHAPTER 4 , ARTICLE 0, A.RIZONA REVISED STATUTES, AND ALL AMENDMENTS THERETO; DECLARING THE IMPROVEMENTS TO RE OF MORE THAN LOCAL OR. ORDINARY PUBLIC BENEFIT AND THAT THE COSTS OF SAID IMPROVEMENTS WILL RE ASSESSED UPON THE ASSESSMENT AREA; AND ORDERING THE PUBLIC INFRASTRUCTURE PROJECTS PERFORMED. WHEREAS, pursuant. to Arizona Revised Statutes ( "A.RaS. " ) 48-715, as amended, the Board of Directors of the Superstition Vistas Community Facilities District. No. 2 has caused the Report (as such term and all other initially capitalized terms are defined herein) to be prepared, relating to certain public infrastructure and public infrastructure purposes provided for in the General Plan of the District and to be financed with the proceeds of the sale of special assessment bonds of the District, which. Report includes, arnong other things, a description of certain public infrastructure and public infrastructure purposes to be acquired and all other information useful to understand the Project, an estimate of the coast to acquire, operate and maintain the Project, an estimated schedule for completion of the Project, a reap or description of the area to be benefited by the Project and a plan and expected method for financing the Project, including the nature and. timing of the issuance of bonds, if any, a copy of which is on file with the Distract Clerk; and WHEREAS, pursuant to A.R. S . 48-715, as amended, the District Clerk has, not less than ten (10) days in advance of the date of public hearing on the Report, (i) published a notice of public hearing on the Report and (ii) provided the Report and the notice of public hearing on the Report to the City Council of the City of .Apache Junction, Arizona . A public hearing on the Report was held on the date hereof, after the aforementioned timely publication of notice thereof as provided by law; and. 693240564 RESOLUTION NO. 2024-001 SVCFD NO. 2 PACE 1 OF 9 WHEREAS, the District, developer and. all property owners and any other persons having an interest in the real property within the proposed boundaries of Assessment Area No. 1 have heretofore executed and delivered. to the District the Waiver wherein the parties thereto have : (i) waived any and all requirements for notice and time for protests and objections relating to, among other things, the Project and the extent of the Assessment Area No. 1 ; (ii) acknowledged that the District shall levy the Assessments pursuant to the Act; and (iii) waived certain procedural requirements; NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT O. 2 AS FOLLOWS : SECTION 1 DEFINITIONS In this resolution, the following terms shall have the following meanings : "Act" shall mean Title 48 , Chapter 4 , Article 6 , Arizona Revised Statutes, as amended. "Assessment Area Map" shall mean the map showing the Assessment Area No. 1 and attached. hereto as Exhibit B, which map is on file with the Superintendent of Streets and the District Clerk. "Assessment Area No. 1" shall mean the real property contained within the boundaries described in Exhibit A attached hereto. For a more general description, reference is hereby made to the Assessment Area Map attached to this resolution as Exhibit B. "Board" shall mean this Board of Directors of the District . "Bond Counsel" shall mean Greenberg Traurig, LLP, and any successor thereto. "Bonds" shall mean the District ' s Assessment Area No, 1 Special Assessment Bonds, Series 2024 , or such other series designation as may be approved by the Board. RESOLUTION NO. 2024-001 SVCFD NO. 2 PAGE 2 OF 9 "Debt Service Reserve" shall mean the debt service reserve fund funded with the proceeds from the sale of the Bonds, authorized pursuant to the Act . "Development Agreement" shall_ mean the Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement dated as of October 10, 2022 , by and among the City of Apache Junction, Arizona, the District, Brookfield Homes Holdings LLC and Brookfield ASLD 8500 LLC, recorded October 11, 2022 at fee number 2022-106816 in the office of the Pinal County Recorder, as amended by the First Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement dated as of January 25, 2024 , by and among the City of Apache Junction, Arizona, the District, Brookfield Homes Holdings LLC and Brookfield ASLD 8500 LLC, recorded January 25, 2024 at fee number 2024-005632 in the office of the Pinal County Recorder. "District" shall mean the Superstition Vistas Community Facilities District No. 2 . "District Clerk" shall mean the Clerk of the District . "District Engineer" shall mean, initially, Entellus, Inc . , and, thereafter, such engineer or firm of engineers as appointed by the District Manager. "District Manager" shall mean the City Manager of the City of Apache Junction, Arizona. "Estimate" shall mean the estimate of costs and expenses of the Project described in the Report and this resolution, showing the estimated costs and expenses of acquisition of the Project to be not less than $1, 377, 000 . 00, together with Incidental Expenses ($390 , 000 . 00) and a Debt Service Reserve ($172 , 000 . 00) , for a total cost not to exceed $1, 939, 000 . 00, all- as described on Exhibit c. "Final Plans" shall include all final plans, specifications and contract documents relating to the design of the Project, as have been approved by the City of Apache Junction, Arizona, and on file with the District Clerk. "Incidental Expenses" shall mean compensation paid to the Superintendent of Streets, District Engineer, costs of printing, advertising, posting, the expenses of making, administrating and RESOLUTION NO. 2024-001 SVCFD O. 2 PAGE 3 OF 9 collecting the assessments, appraiser' s fees, any underwriter' s discount on the Bonds, any financial advisor or placement agent' s fees, any paying agent' s fees, all legal and financial fees, all expenses and costs incurred in establishing the Assessment Area No. 1 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 are defined in the Act) described in the Report including, particularly, the acquisition by the District of the public infrastructure described on Exhibit D hereto. "Report" shall mean the Feasibility Report dated March 19, 2024 , and on file with the District Clerk, 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" shall mean the streets listed on Exhibit D and such other streets and public rights-of-way as 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. "Wa i ver" shall mean the Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1, by and among the District, Brookfield ASLD 8500 LLC, Brookfield Homes Holdings LLC, and all property owners and any other persons having an interest in the real property within the proposed boundaries of Assessment Area No. 1, dated as of March 7, 2024 and recorded March 7, 2024, at fee number 2024-016784 in the office of the Pinal County Recorder. SECTION 2 APPROVAL OF THE FEASIBILITY REPORT Publication of the notice of the public hearing on 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. used. on the review by this Board and the presentation of the Report and testimony presented at the RESOLUTION NO. 2024-001 SVCFD NO, 2 PAGE 4 OF 9 public hearing on 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 (all located within the District) , the expected method of financing, including the nature and timing of the issuance of the Bonds, and the system of providing revenues to operate and maintain the Project, all as identified and provided for in the Report, for any and all purposes of the Act . This Board hereby declares its intent to proceed with the financing of the acquisition of the Project in substantially the manner presented in the Report and pursuant to the terms of the Development Agreement , SECTION 4 ORDERING THE PERFORMANCE OF THE PROJECT The public interest and convenience require and it is the intention of this Board to order the Project to be acquired and performed as stated herein and contemplated by the Report and in conformance with the Final Plans . In accordance with A.R. S . § 48-579, this Board, hereby finds there are no protests against the Project and there are no objections to the extent of Assessment Area No, 1 . By virtue of the authority vested in the Act, and all amendments thereto, this Board hereby orders the acquisition and performance of the Project at a cost not to exceed the Estimate . When applicable, the District Engineer is authorized to modify the Final Plans to show the as-built condition of the Project . The acquisition of any portion of the Project may be performed. upon the sale and delivery of the Bonds in an amount sufficient to pay the costs of acquisition. SECTION 5 DETERMINATION OF NEED; FORMATION OF ASSESSMENT AREA --------............... ----------- NO. 1 The Assessment Area No. 1 is hereby formed, consisting of the property described on Exhibit A attached hereto. In the opinion of this Board, the Project is of more than local or ordinary public benefit, the Project principally benefits the land within the Assessment Area No. 1, and this Board hereby orders that amounts due or to become due with respect to financing the costs and expenses of the Project, together with the Debt Service Reserve and all Incidental Expenses (the "Assessment" ) , shall be chargeable upon the respective lots, pieces and parcels of land RESOLUTION NO. 2024-001 SVCFD NO. 2 PAGE 5 OF 9 within the Assessment Area No. 1 . The amount of the total Assessment shall not be greater than the product of $3 , 500 . 00 times the number of developable residential lots located within the Assessment Area No. 1 . SECTION 6 EXCLUSION OF CERTAIN PROPERTY Any public or private street or alley within the boundaries of the Assessment Area No. 1 is hereby omitted from the Assessment Area No. 1 . Any lot, the legal owner of which on this date is the United States of America, the State of Arizona, a. county, a city, a school district or any political subdivision or institution of the State of Arizona or a county, which is included within the Assessment Area No. 1 shall be omitted from the assessments hereafter made except as otherwise agreed between the District and such owner. Any acquisition of an assessed parcel by the United States of America, the State of Arizona or other political subdivision of the State of Arizona or charter school after the date hereof shall not extinguish the Assessment with respect thereto, which shall continue in full force and effect until payment in full . SECTION 7 DETERMINATION AND NOTICE OF NECESSITY TO ISSUE BONDS A. This Board finds that the public convenience requires that the Bonds shall be issued to finance the costs and expenses of the Project, the Debt Service Reserve and Incidental Expenses . This Board hereby determines that the Bonds shall be issued in the name of the District payable, however, solely and only out of a special fund collectible from the Assessments levied and assessed upon the lots, pieces and parcels of land within the Assessment Area No. 1 in not to exceed twenty-five (25) annual principal installments from the Assessments of twenty-five dollars ($25 . 00) or over. B. The Bonds shall be issued in fully registered form as to principal and interest in the principal amounts of $5 , 000 or any integral multiples of $1, 000 in excess thereof (or such other denominations as approved by this Board and set forth in the resolution authorizing the Bonds) . The Bonds shall mature on the f irst day of July in the years and in amounts to be set by this Board prior to their issuance; provided, however, the Bonds shall mature not later than July 1, 2048 (or, if the Bonds are issued after July 1, 2024 , shall mature not later than July 1, 2049) . RESOLUTION NO. 2024-001 SVCFD NO. 2 PAGE 6 OF 9 C. The Bonds shall bear interest at rate or rates of not to exceed ten percent (10 . 0%) per annum, payable on the first day of January and July of each year, commencing on such date as set forth in the resolution authorizing the Bonds . The yield (as determined pursuant to the regulations of the Internal Revenue Code of 1986 , as amended) on all of the Bonds shall. not exceed ten percent (10 . 0%) . If the Bonds are directly sold to a bank or financial institution, any, default interest rate or taxable interest rate shall not exceed ten percent (10 . 0%) . 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. D. Principal installments of each Assessment shall be due on the first day of June immediately preceding the maturity date of any Bonds and installments of interest of each Assessment shall be due on the first day of June and December. SECTION 8 ESTABLISHMENT OF GRADE The grades and elevations for the Streets are hereby officially changed to correspond with the grades and elevations shown on the Final Plans . SECTION 9 STATUTORY AUTHORITY The Project and all proceedings pertaining thereto shall be acquired and performed under the provisions of the Act . SECTION 10 DELEGATION OF AUTHORITY The District Engineer and the Superintendent of Streets are hereby authorized to complete the Final Plans, specifications and any contract documents . SECTION .11 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 Bond 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 contract some or all of the Project which will RESOLUTION NO. 2024-001 SVCFD NO. 2 PAGE 7 OF 9 benefit the parcel or parcels in question, or which was located in the right-of-way which was not obtained. . The filing o _ a certificate and request that no Bonds be issued against any parcel pursuant to A .R.S . § 45-540 and § 45-5 °7, 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 person acting for such official in furtherance of this Resolution are hereby ratified and confirmed, including the engagement by the District of Schnepf Ellsworth Appraisal Croup, LLC, the engagement by the District of Entellus, Inc . , and the execution and delivery of the Waiver. SECTION 13 SFVF EIL,I"TY; AMENDMENT; RATIFICATION If any section., paragraph, clause or provision of this Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceabil.ity of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this Resolution. SECTION 14 EFFECTIVE DATE This Resolution shall be effective immediately. [Signature Page to Follow® ] RESOLUTION NO. 0 4-001 SVCFD NO. 2 DACE 8 OF 9 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 , THIS DAY OF r 2024 . SIGNED AND ATTESTED TO THIS DAY OF p 2024 . WALTER "CHTP" WTLSON Chairman, Board of Directors ATTEST: JENNIFER PENA District Clerk APPROVED AS TO FORM: RICHARD JOEL STERN District Counsel Attachments : EXHIBIT A - Legal Description of Assessment Area No. 1 EXHIBIT B - Maps of the District and. Assessment Area No. 1 EXHIBIT C - Estimated Costs EXHIBIT D ® Description of Project CERTIFICATE I hereby certify that the above and foregoing resolution was duly passed by the Board of Directors of the Superstition Vistas Community Facilities District No. 2 at a regular meeting held on March 19, 2024, and that a quorum was present thereat and that the vote thereon was ayes and nays; did not -vote or were absent . District Clerk RESOLUTION NO. 2024-001 SVCFD NC® 2 PAGE 9 OF 9 EXHIBIT GALS DESCRIPTION OF ASSESSMENT AREA NO. 1 Lots 1 through 554 , inclusive, according to the Final Plat for Blossom Rock Phase 1 , recorded as Fee No. 2022-084918, Official Records of Pinal County, Arizona , and Affidavit of Correction recorded. as Fee No. 2 23-0361.63 , Official Records of Final Comfy, Arizona. RESOLUTION NO. 2024-001 SVCFD NO. 2 EXHIBIT A EXHIBIT MAPS OF E DISTRICT AND ASSESSMENT AREA NO. 1 (attached hereto) RESOLUTION NO. 202 -0Q1 SVCFD NO. 2 EXHIBIT E THE DISTRICT ELLIOT AVENUE RAY AVENUE { e J # { RESOLUTION O. 202 -00I SVCFD NO. 2 EXHIBIT B Assessment Area No. PHASE 1 OFD w 175.3 ACRES z j RAY AVENUE RESOLUTION O NO. 2 0 2 --0 01_ SVCFD NO. 2 EXHIBIT ;fl 8+ SS t Mc ALI 99 %fla is � A ke$ i:: a ..5' �`«p �� �.c4 =gqa$� R 47 � q•, tg°. ` d,•� � fl }( a" rm +s aA ss + e $a$ ( + " Ph1 SE 1 CFD'd T 1 SA3ACRES, m, rr ° sx" .244" t a 6 7 RAY AVENUE EXHIBITN BLOSSOM ROCK + BLOSSOM ROCK PHASE I CFD 50 500 DATE 2/2212024 SCALE �. ._" 04 SHEET 1 b 01 1 JOB N 215255= 2 DESIGN � ....... 1 DRAW AT Hors & 00 t _......................._ �+�b�"+;.—rn� '«.ao°'"�T°�85 w� '°"@°�` ✓78�s8 ^v�r"" k i~ff9"C.^6�s":a°A�9,$A+� RESOLUTION O. 2 2 —0 01. SVCFD NO. 2 EXHI.BIT EXHIBIT ESTIMATED COSTS Project Costs $1., 377, 000 . 00 Debt Service Reserve 172, 000 . 00 Incidental Expenses 390, 000 . 00 Total Cost $1. 939.. 000 . 00 Total Coats shall not exceed the total Assessment of the product of $3 , 500 . 00 times the number of developable residential lots located within Assessment Area No. 1 . As applicable, the par amount of the Bonds will be rounded down to the nearest $1, 000 integral ra.l from the Assessment amount . RESOLUTION O. 202 -001 VCI`E NO. 2 EXHIBIT C EXHIBIT DESCRIPTION E PROJECT The Bonds will finance the acquisition of all or a portion of the Project consisting of public infrastructure and public infrastructure purposes (as such terms are defined in the Act) described in the Report, including particularly the acquisition by the District of the following: DESCRIPTION STD T D COST COMPL TION3 Blossom Rock Vail $2,212,782 January 2024 SVJOC-001 . 04W SVJOC-O Q 1 . 04R TOTAL: $2,212,782 Completion represents the date by which the Developer expected the public infrastructure to be constructed, which may differ by the date that it was or is accepted by the City or other governmental entities, as applicable. RESOLUTION O. 2024- 01 SVCFD NO. 2 EXHIBIT D FEASIBILITY REPORT For The Issuance of Not to Exceed $1,939,000 Principal Amount OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 ASSESSMENT AREA NO. 1 SPECIAL ASSESSMENT BONDS, SERIES 2024 Public Hearing Date: March 19, 2024 TABLE OF CONTENTS SECTION Introduction; Purpose of Feasibility Report; General Description of District ONE Description of Public Infrastructure TWO Map of the District Showing Location of Public Infrastructure and Area to be Benefited THREE Estimate of Costs and Timetable for Acquisition of Public Infrastructure FOUR Plan of Finance FIVE APPENDIX Legal Description for Assessment Area No. 1 I Summary of Appraisal for Assessment Area No. 1 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. 2 (the "District") in connection with the proposed issuance by the District of its Assessment Area No. 1 Special Assessment Bonds, Series 2024 (the `Bonds") in a principal amount of not to exceed $1,939,000, 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 1,312 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 ("D.R. Horton"), was the successful bidder at the public auction conducted by Arizona State Land Department("ASLD")in November 2020 and will purchase the real property from ASLD over time pursuant to the terms of the Certificate of Purchase 53-120190 executed November 12, 2020, as thereafter amended. Upon the petition of D.R. Horton as the then-owner of all land within the boundaries of the District, the Mayor and Council of the City adopted a resolution on October 5, 2021, which formed the District. Pursuant to the Purchase Agreement and Partial Assignment and Delegation of Rights Under Participation Contract, dated March 14, 2022 (the `Brookfield Purchase Agreement"), by and between D.R. Horton and Brookfield Homes Holdings, LLC, a California limited liability company (`Brookfield Homes"), D.R. Horton agreed to sell and Brookfield Homes agreed to purchase the real property within the boundaries of the District. Brookfield Homes subsequently assigned to Brookfield ASLD 8500 LLC, a Delaware limited liability company (the "Developer"), all of Brookfield Homes' right, title and interest to acquire and develop the real property within the boundaries of the District pursuant to the Brookfield Purchase Agreement. The Developer is now developing the mixed use, master planned community known as Blossom Rock consisting of approximately 1,312 acres of a larger 1,408 acre project (the "Project"). The Project is located east of Ironwood Drive, west of Idaho Road alignment, south of Radiance Avenue and north of Ray Avenue. Construction on the Project commenced in November 2021, and the Developer expects the first home ONE- 1 closings will occur in May 2024. The District was created to assist with financing the acquisition of public infrastructure and public infrastructure purposes within the District. Single family residential units represent approximately 1,170 acres within the Project. Non-residential development comprises approximately 142 acres within the Project and includes churches, government, fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The real property comprising Assessment Area No. 1 consists of 554 lots (the"Assessed Lots") and is approximately 1.09 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. The following chart characterizes the approximate acreage within the District as well as the acreage within Assessment Area No. 1,which is fully within the boundaries of the District. Approximate Approximate Assessment Area Total District District Acres No. 1 Lot Area Acres Single Family Residential 1,170 109 Non-Residential(a) 142 0 Total 1,312 109 (a) Includes churches, 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. 1 is included in Appendix 1. Maps of the District, Assessment Area No. 1, 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 Paid by Eligible for Funding Estimated Engineer's Prior from Bonds and Completion Acquisition Project Description Cost Cost Bonds Future Bonds Date* 1. Blossom Rock Trail — SVJOC-001.04W; $502,159 $502,159 $0 $502,159 January 2024 SVJOC-001.04R 1,710,623 1,710,623 1,710,623 * Completion represents the date by which the Public Infrastructure was constructed,which may differ by the date that it was accepted by the City or other governmental entities,as applicable. The Public Infrastructure consists of construction of approximately 3,639 linear feet of full street surface improvements, including curb and detached sidewalk. The street improvements include two lanes in each direction and tying into existing Ray Avenue to the South and extending to the North. These improvements include 1.2-inch potable water and 8-inch water stubs, various sizes of storm drain, concrete curb and gutter, sidewalk, paving, striping, signage, streetlights and street sleeves. All improvements are shown on the plans sealed by Wood, Patel and Associates, on December 29, 2022 and approved by the City, which may be amended from time to time to allow for additional property uses adjacent to Blossom Rock Trail that are not yet known. 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 Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement, recorded on October 11, 2022, at Fee No. 2022-106816 in the records of Pinal County, Arizona (the "County"), as thereafter amended by the First Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement, recorded on January 25, 2024, at Fee No. 2024- 005632 in the records of the County (collectively, the "District Development Agreement"), 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. SECTION THREE MAP OF THE DISTRICT SHOWING LOCATION OF PUBLIC INFRASTRUCTURE AND AREA TO BE BENEFITED The District LLT AVENUE s �°A 1 ,312 ACRES WARNER AVENUE uj s� �m �i s�. '} Y f a F " ¢ s { 1 RAY AVENUE THREE- 1 Assessment Area No. 1 ,s'? It ` V' k �t � ..,✓ '" Y � �"� sY � �} € �� '� air t� �r'.. r SHEET .x I t T LOTS 485.554 it % k Y s (701 OT �V. je. h � y a lit at ' Y SHEFT07"Al ,Y r, CS4i4S4 �vk x, (12 LOTS) SHFFT s 1 w I wr LOTS 66-&S � `s L '� s � ,xi � ✓Y= P r' 1 i (50 LOTS$ d as $ c= ^x b �' S n f� T ,d LOTS I 3Y � 4 ° S4-STt5a ; 107 9 TS xx 4 _ Y 'W" a f k rA ] vf ! SHEET 04 I I+ ,& 1 t7-5 <" c —s,,,, a [( 4 ryi m.. III yip p 3 J." LEGEND: ASSESSED IMPROVEMENTS (BLOSSOM ROCK TRAIL) ASSESSMENT AREA EMNTS PARCEL LINE LOT LINE too LOT NUMBER THREE-2 SECTION FOUR ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE The table in Section Two outlines the cost estimate and completion dates for the construction of the Public Infrastructure. Proceeds of the Bonds, after payment of the costs of issuance, will be used to finance the acquisition of all or a portion of the Public Infrastructure projects listed in Section Two. Listed below is an estimated draw schedule of the proceeds of the Bonds for acquisition of the Public Infrastructure. Estimated Acquisition Public Infrastructure Price Completion Date(a) Funds Draw Date Blossom Rock Trail— January 2024 May 2024 SVJOC-001.04W; $502,159 SVJOC-001.04R; 1,710,623 Total $2,212,782 (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. 1. 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 predecessor entity to 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 2024. The amount shown on the cover of this Report is a not-to-exceed amount; the actual aggregate principal amount of the Bonds issued may be lower. It is currently estimated that the Bonds will have a final maturity of not more than 25-years and be structured to achieve generally level annual debt service. The Bonds will not be rated by any rating agency. (iii) Per Lot Assessment Amount The per residential lot assessment amount is expected to be no more than $3,500.00 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 $3,500.00 per residential lot assessment results in an annual assessment payment of approximately $309 per home, or approximately $26 per month, assuming a 25-year maturity and a 7.00% interest rate. The special assessments are expected to be collected on behalf of the District by the Pinal County Treasurer's Office. FIVE- I (iv) Estimated Sources and Uses of Funds. The proceeds of the Bonds will be applied by the District to finance the acquisition of all or a portion of the Public Infrastructure listed in Section Two of this Report. The estimated sources and uses of funds related to the sale of the Bonds is: SOURCES: Principal Amount of Bonds $1,939,000.00 Total $1,939,000.00 USES*: Cost of Public Infrastructure $1,377,000.00 Debt Service Reserve Fund 172,000.00 Deposit to Bond Fund 155,000.00 (representing capitalized interest) Estimated Costs of Issuance 235,000.00 Total $1,939,000.00 ESTIMATED COSTS OF ISSUANCE* Underwriter's Compensation $35,000.00 Bond Counsel 100,000.00 Underwriter's Counsel 25,000.00 Financial Advisor 50,000.00 District Engineer 15,000.00 Appraisal Fee 5,000.00 Registrar&Paying Agent 1,000.00 Miscellaneous 4,000.00 Total $235,000.00 (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. 1, prepared by Schnepf Ellsworth Appraisal Group, LLC on March 6, 2024. The appraisal demonstrates a value-to-lien ratio on a per lot basis of at least 26 to 1. A complete copy of the appraisal report is available upon request. (vi) Disclosure of Assessment Payments. A.R.S. Section 32-21.81 et seq. requires the disclosure of all property taxes and assessments to be paid by a homeowner in the Arizona Department of Real Estate Subdivision Public Report (the "Public Report"). The Developer must supply each of its homebuyers a Public Report and, prior to any home sale, the homebuyer must acknowledge by signature that they have read and accepted the Public Report. In addition, the Developer will require the homebuyer to sign an additional form that highlights and discloses the additional assessment payments as a result of District financing. * Preliminary, subject to change. FIVE-2 (vii) Operation and Maintenance of Public Infrastructure. All infrastructure financed by the District will be dedicated to and accepted by the City, or other governmental entities, as applicable. The obligations pertaining to the operation and maintenance of the Public Infrastructure have been negotiated between the City, the District and the Developer and are set forth in the various development agreements among the parties. The administrative costs of the District and those costs associated with the operation and maintenance of the Public Infrastructure which are not the obligation of the City will be provided by several sources of funds: the levy of a $0.30 per $100 of net assessed limited property valuation ad valorem tax in the District (the "O&M Tax"), Homeowner's Association fees and Developer contributions, if any. (viii) Other District Information. Shown in the table below is the District's overlapping general obligation bonded indebtedness including a breakdown of each overlapping jurisdiction's applicable general obligation bonded indebtedness, net assessed limited property value and combined tax rate per $100 of net assessed limited property value. OVERLAPPING GENERAL OBLIGATION BONDED INDEBTEDNESS & OVERLAPPING NET ASSESSED LIMITED PROPERTY VALUES—2023/24 Portion Applicable to the District(a) Total Tax General Proportion Applicable Rates Per$100 Net Assessed Obligation to the District(a) Net Assessed Limited Bonded Approximate Net Debt Limited Property Overlapping Jurisdiction Property Value Debt(b) Percent Amount Property Value(c) State of Arizona $ 83,026,530,244 None % 0.00 None None Pinal County 3,390,905,658 None 0.01 None $3.8810 (d) Pinal County Community College District 3,390,905,658 $ 54,905,000 0.01 $ 6,647 1.9200 Central Arizona Water Conservation District 3,390,905,658 None 0.01 None 0.1400 (d) East Valley Institute of Technology 862,566,705 None 0.06 None 0.0500 Apache Junction Unified School District No.43 536,976,475 10,225,000 0.09 7,817 4.1254 Superstition Fire&Medical District 521,438,586 1,977,000 0.09 1,556 3.5900 City of Apache Junction 198,538,048 None 0.25 None 0.0000 Superstition Vistas Community Facilities District No.2(e) 410,526 None 100.00 None 4.1500 $ 16,021 (a) Proportion applicable to Assessment Area No. 1 is not available. In future years, proportion applicable to the District will be used instead. For Tax Year 2023, portions of the land within the boundaries of the District were still owned by ASLD and therefore not subject to property taxes and assessed values were not assigned to such portions of the District. Because the area that encompasses Assessment Area No. 1 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. FIVE- 3 (b) Includes total stated principal amount of general obligation bonds outstanding. Does not include outstanding principal amounts of certificates of participation or revenue obligations outstanding for the jurisdictions listed above. Also does not include outstanding principal. amounts of bonds of various assessment districts or areas as the obligations of these districts or areas are presently being paid from special assessments against property within the various districts or areas. Does not include authorized but unissued general obligation bonds of such jurisdictions which may be issued in the future. Also does not include the obligation of the Central Arizona Water Conservation District ("CAWCD") to the United States Department of the Interior the ("Department of the Interior"), for repayment of certain capital costs for construction of the Central Arizona Project("CAP"), a major reclamation project that has been substantially completed by U.S. Department of the Interior. In April of 2003, the United States and CAWCD agreed to settle litigation over the amount of the construction cost repayment obligation, the amount of the respective obligations for payment of the operation, maintenance and replacement costs and the application of certain revenues and credits against such obligations and costs. Under the agreement, CAWCD's obligation for substantially all of the CAP features that have been constructed so far will be set at $1.646 billion, which amount assumes (but does not mandate) that the United States will acquire a total of 667,724 acre-feet of CAP water for federal purposes. The United States will complete unfinished CAP construction work related to the water supply system and regulatory storage stages of CAP at no additional cost to CAWCD. Of the $1.646 billion repayment obligation, 73% will be interest bearing and the remaining 27% will be non-interest bearing. These percentages have been fixed for the entire 50-year repayment period, which commenced 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 $0.1.693 tax rate of the Pinal County Flood Control District, the $0.0965 tax rate of the Pinal County Free Library, the $0.0552 tax rate for the contribution to the Pinal County Fire District Assistance and the $3.5600 tax rate of the County. The net assessed limited property value of the County Flood Control District does not include the personal property assessed valuation within the County. The net assessed limited property value for the CAWCD reflects the assessed valuation located within the County only. The County is mandated to levy a tax annually in support of fire districts in the County. All levies for library districts, hospital districts, fire districts, technology districts, water conservation districts and flood control districts are levied on the net full cash assessed value. (e) Does not include the Bonds. Does not include special assessment bonds or general obligation bonds expected to be issued by the District in the future. The District levied the O&M Tax in fiscal year 2023-24 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 FIVE-4 both debt service and operation and maintenance purposes would be 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. TABLE ONE ESTIMATED DEBT SERVICE SCHEDULE* Total Estimated Annual Fiscal Debt Service Year Principal Interest(a) Requirements* 2024/25 $ 152,696 $ 152,696 2025/26 $ 36,000 135,730 171,730 2026/27 39,000 1.33,21.0 172,210 2027/28 42,000 130,480 172,480 2028/29 44,000 1.27,540 1.71,540 2029/30 48,000 124,460 172,460 2030/31 51,000 1.21,1.00 172,100 2031/32 55,000 117,530 172,530 2032/33 58,000 1.1.3,680 1.71,680 2033/34 62,000 109,620 171,620 2034/35 67,000 1.05,280 172,280 2035/36 71,000 100,590 171,590 2036/37 76,000 95,620 1.71,620 2037/38 82,000 90,300 172,300 2038/39 87,000 84,560 1.71,560 2039/40 94,000 78,470 172,470 2040/41 100,000 71,890 1.71,890 2041/42 107,000 64,890 171,890 2042/43 1.1.5,000 57,400 1.72,400 2043/44 123,000 49,350 172,350 2044/45 131,000 40,740 171,740 2045/46 140,000 31,570 171,570 2046/47 150,000 21,770 171,770 2047/48 161,000 11,270 172,270 $ 1,939,000 (a) Interest column reflects total interest payments for each fiscal year;interest will be paid semi-annually on January I and July 1, commencing on January 1,2025*. Interest is estimated at 7.00%. * Preliminary, subject to change. FIVE- 5 BROOME ASLD 8500 LLC, a Delaware limited liab' ' company By: Name: J Title: _ % SR• J�c.� r1per►reGMT- By: _ _.- Name: Title: r ,-1- FIVE- 6 APPENDIX 1 LEGAL DESCRIPTION FOR ASSESSMENT AREA NO. 1 LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 1 Lots 1 through 554, inclusive, according to the Final Plat for Blossom Rock Phase 1, recorded as Fee No. 2022-084918, Official Records of Pinal County, Arizona, and Affidavit of Correction recorded as Fee No. 2023-036163,Official Records of Pinal County,Arizona. APPENDIX 1- I APPENDIX 2 SUMMARY OF APPRAISAL FOR ASSESSMENT AREA NO. 1 An Appraisal Report of the Market Value of the fee simple interest Superstition Vistas Community Facilities District No. 2 Assessment Area No. 1 554 lots within the Final Plat of Blossom Rock Phase 1, located east of Ironwood Drive and north of Ray Road,Apache Junction, Pinal County,AZ ** r y Prepared For: Superstition Vistas Community Facilities District No. 2 300 E. Superstition Boulevard Apache Junction,AZ 85119 Inspection Date: February 9, 2024 Valuation Date: February 9, 2024 x Prepared by: Real Estate Appraisers/Consultants - P.O. Box 2829, Mesa,Arizona, 85214 Phone 480.497.1113 E-mail larry@schnepfellsworth.com Job # 24-2590 Copy 1 of 1 Copyright 2024 by Schnepf Ellsworth Appraisal Group LLC ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2590 Executive Summary Type of Property: The subject consists of a single-family residential subdivision site Type of Report: Appraisal Report Class: Single-family residential subdivison land Job No.: 24-2590 Job Name: Superstition Vistas Community Facilities District No. 2 Assessment Area No. 1 Location: The subject is located northeast of Ironwood Drive and Ray Road and is a part of the Blossom Rock Phase 1 development, 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. 2 (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. 2, Assessment Area No. 1. Improvements Summary: The subject consists of a master-platted parcel consisting of 554 planned lots within the final plat for Blossom Rock Phase 1. ii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2590 Assessor's Parcel: Assessor parcel numbers are included in the addenda. 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 554 lots is 4,743,540 square feet or 108.90 acres. The proposed development has a density of 3.23 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: February 9, 2024 Date of Valuation: February 9, 2024 Valuation Conclusions: As is-85% As is-85 Total As if-Complete As if-Complete Complete Complete Parcel Lots Per lot Parcel Value Per lot Parcel Value SV CFD2, AD1 Lots 1-255 255 $108,500 $27,667,500 $9 ,000 $23,460,000 SV CFD2, AD1 Lots 256-432 177 $121,000 $21,417,000 $103,000 ; $18,231,000 SV CFD2, AD1 Lots 433-554 122 $129,000 $15,738,000 $109,500 $13,359,000 Aggregate Total** 554 $64,822,500 $55,050,000 Average $117,008 $99,368 **Sum of the individual lot totals iii (V SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2590 SUb'eCt Photo ra hS (February 9, 2024) 9 §�s3I�t}flit t }; t r 2—Looking north along Blossom Rock Trail at Ray Road. 1— Subdivision entry at Ray Road and Blossom Rock Trail. { 1,n � arty i hit r��ticsr{ftt}t� ," '_� t( i Wo 554d��}� ilk�fi�#{{t73tt'� � r (ii Stir f#�tri`� is -. ..: 4 flt tt t'41 tErs43it d,��'" ..&� >1l iY;i�l ���y#fit 1✓ Ft t�)/fly £ tf �, t 3 —Looking west along Ray Road from Blossom Rock Trail. 4—Looking north along Ironwood Drive at Ray Road. iv ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—24 2590 t= s e. r r.,er r frw 6 —Looking NW on Blossom Rock toward specs on Dutchman 5—Looking NE from Blossom Rock and Bonita Springs Rd. Drive. s x&k 7—Looking east across the lake area. 8—Looking north from Dutchman Drive and Rock Needle Trail. v ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2590 .„- s r t u r' r }3i r � ifi Urr�4Ni"1g t h.tf 9—Tri Pointe Models 10—Looking west along Ridge Road at Dutchman Drive. ,w >r t f{ i ' wits ' �a win �v 11 —Lennar lots on the west side. 12—Looking west along the west side. vi ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-24 2590 ZFti' tt Xtf�` a t �4 + Y 0 4 ��, s�tt1��Ylls r�trnYA�t,Z z W , r 13 Models at Dutchman Dr and Gold Stone Trail. 14—Goldstone Park area. l 7Ptt t V { rl t3 4y, ¢z, 15 —Looking south from Gold Ore Pass at Gold Stone Trail. 16—Looking south along Gold Stone Trail from Gold Ore Pass. vii Q�riA L :if , -' OFFICIAL RECORDS OF � + PINAL COUNTY RECORDER .- Dana Lewis •• Electronically Recorded DATE/TIME: 03/07/2024 1606 FEE: $30.00 PAGES: 31 FEE NUMBER: 2024-016784 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. 2 WAIVER AND DEVELOPMENT AGREEMENT PERTAINING TO THE TO BE FORMED ASSESSMENT AREA NO. 1 This Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1, dated as of March 7, 2024 (this "Agreement"), by and among the Superstition Vistas Community Facilities District No. 2 (the "District"), the undersigned owners of certain land within the District (collectively, the "Landowners"), Brookfield ASLD 8500 LLC, a Delaware limited liability company (the "Developer"), and Brookfield Homes Holdings LLC, a California limited liability company (`Brookfield Homes"), and, if applicable, other owners executing this Agreement prior to formation of Assessment Area No. 1 (as defined herein). WHEREAS, the City of Apache Junction, Arizona, an Arizona municipal corporation(the"City")and D.R. Horton Inc. ("D.R.Horton")are parties to that certain Procedural Pre-Annexation Agreement recorded August 16, 2021 as Fee 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, D.R. Horton sold to Brookfield Homes a portion of the real property as evidenced by a Mortgage and Memorandum of Purchase Agreement dated March 14, 2022, and recorded on May 25, 2022 as Fee No. 2022-061567 in the Official Records of Pinal County (the "Mortgage"); and WHEREAS, in accordance with the Mortgage, Brookfield Homes granted, assigned, and transferred to the Developer all beneficial interest under the Mortgage as evidenced by the Assignment of Mortgage and Memorandum of Purchase Agreement dated March 14, 2022, and recorded on May 25, 2022 as Fee No. 2022-061680 in the Official Records of Pinal County; and WHEREAS, pursuant to the Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement by and among the City, the District, Brookfield Homes, and the Developer, dated as of October 10, 2022, and recorded October 11, 2022 as Fee No. 2022-106816 in the Official Records of Pinal County, as thereafter amended (the "District Agreement"), the Developer intends to request the District to form assessment area number 1 (the "Assessment Area No. I") 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,Brookfield Homes, the Landowners 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. 1 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. 1 bonds; C. Capitalized interest on such Assessment Area No. 1 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. 1 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; 2 NOW, THEREFORE, the District, the Developer, Brookfield Homes, the Landowners 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. 1, or, if formed, of the District to sell or deliver such Assessment Area No. 1 bonds or construct, install or acquire any or all of the Work, or if it does construct, install or acquire any of the Work, to construct, install or acquire it pursuant to any existing proposals. However, the District, the Landowners, Brookfield Homes, 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. 1 and assessed for the costs thereof. 3. Review and Approval of the Boundaries and Scope of Work; Acknowledgement of Assessment. a. The Developer, Brookfield Homes, and the Landowners, as the sole owners of all the Property, have reviewed or have had the opportunity and right to review the boundaries of the Assessment Area No. 1, the preliminary plans and specifications detailing the Work and the current estimate of the costs of the Work. The Developer,Brookfield Homes, and the Landowners agree the costs of the Work shall be spread among the parcels (residential lots) comprising the Property within the proposed Assessment Area No. 1 utilizing a methodology reasonably determined by the District Engineer (the "Engineer") based on the expected benefit to the residential lots to be developed on the Property, provided the Engineer's estimate of the costs of Work (the "Engineer's Estimate") will not exceed $1,939,000.00 and such Assessment amount shall be allocated and levied to each developable parcel (residential lot) within the Assessment Area No. 1 in an amount not to exceed $3,500.00 per parcel (residential lot). b. The Developer, Brookfield Homes and the Landowners, 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. 1 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, Brookfield Homes, the Landowners, 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. 1, 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. 1 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"). 3 4. No Protest, Obiection or Request for Hearings. The Developer, Brookfield Homes, the Landowners, 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. 1 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. 1 bonds supported by the Assessments. The Developer, Brookfield Homes, the Landowners, 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. 1 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. 5. Waiver of Procedural Deficiencies and Irregularities. The Developer, Brookfield Homes, the Landowners, 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. 1, 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. 1 bonds secured by the Assessments levied against the Property. 6. Waiver. The Developer, Brookfield Homes, the Landowners, 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. 1 or the Work; and 4 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. 1; d. any and all objections to the adoption and approval by the District of the Assessment Area No. 1 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. 1 bonds; and 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, Brookfield Homes, the Landowners, 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 or the Landowners, as applicable, 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. 1 bonds, acquire all or part of the Work. 10. Acknowledgement of Assessment. The Developer, Brookfield Homes, the Landowners, 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. 1, as provided in Section 3.a, not in excess of$3,500.00 per developable parcel (residential lot); and that such Assessments shall be collected and foreclosed in accordance with A.R.S. § 48-601 et 5 seq., as amended and in accordance with any other documents executed and delivered in connection with the delivery of the Assessment Area No. 1 bonds. 11. Recording and Validity of Assessments. The Developer, Brookfield Homes, the Landowners, 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, Brookfield Homes, the Landowners, 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, Brookfield Homes, the Landowners request, 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. 1 bonds amortizing the payment of the Assessments over not less than fifteen (15)years be issued and sold as soon as possible. 13. No Reduction of Obligation. 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, Brookfield Homes, the Landowners, and all future owners or holders of any interest in any portion of the Property, so long as the Developer, Brookfield Homes, the Landowners 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, Brookfield Homes, the Landowners, 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. 1, 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, Brookfield Homes,the Landowners, 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 Plat listed on ExhibitA and those certain final approved infrastructure improvement plans for the Work, described on Exhibit C attached hereto. The undersigned Developer, Brookfield Homes, Landowners, 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. The Developer and Brookfield Homes, jointly and severally, hereby agree to indemnify and hold the District and the City and each director, council member, officer, agent, legal counsel, independent contractor or employee 6 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, 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. 1, 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. 1 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. This Section 16 shall survive the termination hereof. 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 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. 17. General Indemnification of District and Directors. The Developer and Brookfield Homes,jointly and severally, hereby agree 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, 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. This Section 17 shall survive the termination hereof. 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. 18. Disclosure Document. The Developer, the Landowners, 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. 1, shall receive a concise disclosure document that discloses 7 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 and the Landowners agree to provide such disclosure document to the initial purchasers of the residential lots. For so long as the Developer or the Landowners own 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. 1 for any future conveyance of a residential lot within Assessment Area No. 1. 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, the Landowners, and all future owners or holders of any interest in any portion thereof, the Property or such portion thereof 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. 1 bonds secured by the Assessments, and subject to Section 29 hereof, any grantee, transferee or other subsequent owner shall execute and deliver to the District Exhibit D-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, Brookfield Homes, the Landowners, 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. 1 bonds, such party, or any such future 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, when executed by each such party, shall inure to the benefit of and (except as otherwise expressly provided herein)be binding upon the Developer, Brookfield Homes, and the Landowners, and their respective future grantees, successors and assigns, and any future owner or holder of any interest in any portion of the 8 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 and Brookfield Homes hereby agree 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, Brookfield Homes and the Landowners each warrant 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, Brookfield Homes and the Landowners, 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. 1 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 copies of Exhibit D-1 and Exhibit D-2 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 and Brookfield Homes. 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,the Developer and/or Brookfield Homes are parties as of the date of this Agreement, the Developer and Brookfield Homes each knowingly and voluntarily forever releases and 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 or Brookfield Homes 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. 9 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,the Developer and/or Brookfield Homes are parties as of the date of this Agreement, the Developer and Brookfield Homes each 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 or Brookfield Homes 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. 1 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. 1 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. 1 bonds or the final hearing regarding the levy of the Assessments, the Developer, Brookfield Homes and the Landowners each agree that upon the sale of any portion of the Property owned by each of the Developer, Brookfield Homes or the Landowners, the applicable party 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, Brookfield Homes and Landowners. Other than any agreement previously disclosed in writing to the District, as of the date of this Agreement, the Developer, Brookfield Homes and the undersigned Landowners each represent and warrant, 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, Brookfield Homes and the Landowners, and any 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 or such transfer is pursuant to an agreement previously disclosed in writing to the District as of the date of this Agreement. 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 or Brookfield Homes in any capacity or a consultant to any other party of this Agreement with respect to the subj ect 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 or Brookfield Homes arising as the result of this Agreement. The Developer and Brookfield Homes have 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 or Brookfield Homes in any capacity or a consultant to any party to this Agreement with respect to the subject matter of this Agreement. b. To the extent applicable, the Developer and Brookfield Homes each 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,Brookfield Homes and their 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, Brookfield Homes or their 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 and Brookfield Homes each 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 and Brookfield Homes, without any current independent investigation or without any future independent investigation for the duration of this Agreement. If the Developer or Brookfield Homes becomes aware during the duration of this Agreement that it is not in compliance with such certification, the Developer and Brookfield Homes shall take such actions as provided by law, including providing the required notice to the District. If the District determines that the Developer or Brookfield Homes 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 Signature Page to Waiver and Development Agreement: DEVELOPER: BROOKFIELD ASLD 8500 LLC, a Delaware limited liability company Z11 By. _�--- Name: eb. I S Title: ` Va- By: Name: aC,- Title S vow i STATE OF ARIZONA ) ss County of Maricopa ) The foregoing instrument was acknowledged before me this day of t-'e. 202 , by ` a a b. `rh e,i b, , the \/t t'e..s:A,&,j f" and a e,,*e. -s . T"c 2 , the .V, w r c,.ss,eL�J t of Brookfield ASLD 8500 LLC, a Delaware limited liability company. Notary Public My Commission Expires: knsar DONNA G.VET-FRA(N0 Notary Public-State of Arizona MARICOPA COUNTY Commission#587645 Expires September 20,2024 [Signature page to Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. I] Signature Page to Waiver and Development Agreement: BROOKFIELD HOMES: BROOKFIELD HOMES HOLDINGS LLC, a California limited liability company Name: Title: By: Name: ,t A Title: tIY 1 JZIO , STATE OF ) l ' �} z ss. < .(' COUNTY OF-_. ) � The foregoing instrument was acknowledged- efore me this day of , 2024, by the sf and , the of Brookfield-Rom- Holding LLC, a California limited liability company. (Seal and Expirati te) Notary Public in and for the State of [Signature page to Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. I] CALIFORNIA ACKNOWLEDGMENT CIVIL CODE § 1189 A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. State of California County of /� On 2�z 202L8 before me, ASylfeU Iles f�z- Date Here Ins t Name and Title of the Officer personally appeared '�) 4Yl T4j, -hftfbr-d crud ( Ai 01 I ff) Nome(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the *my ASHLEY VASQUEZ laws of the State of California that the foregoing Nota Public•Californiary paragraph is true and correct. Orange CountyCommission#2428868 WITNESS my hand and official seal. Comm.Expires Dec 2,2026 Signature Ouam Place Notary Seal and/or Stamp Above Sig re of Notary Public OPTIONAL Completing this information can deter alteration of the document or fraudulent reattachment of this form to an unintended document. Description of Attached Document Title or Type of Document: orkxe- Pau -FD Woil Document Date: March 7, 024 Number of Pages: 31 Signer(s) Other Than Named Above: Capacity(ies) Claimed by Signer(s) Signer's Name: Signer's Name: ❑ Corporate Officer - Title(s): ❑ Corporate Officer - Title(s): ❑ Partner- ❑ Limited ❑ General ❑ Partner- ❑ Limited ❑ General ❑ Individual ❑ Attorney in Fact ❑ Individual ❑ Attorney in Fact ❑ Trustee ❑ Guardian or Conservator ❑ Trustee ❑ Guardian or Conservator ❑ Other: ❑ Other: Signer is Representing: Signer is Representing: ©2019 National Notary Association Signature Page to Waiver and Development Agreement: LANDOWNER: AG EHC II (LEN) MULTI STATE 2, LLC, a Delaware limited liability company By: Essential Housing Asset Management, LLC, an Arizona limited liability company, its Authorized Agent By- Steven S. Benson, its Manager STATE OF ARIZONA ) ) ss. County of Maricopa ) The foregoing instrument was acknowledged before me this day of �+ , 202__y , by f !�a?n k,•� , the (Ln � of Essential Housing Asset Management, LLC, an Arizona limited liability company, the Authorized Agent of AG EHC II (LEN) MULTI STATE 2, LLC, a Delaware limited liability company. Jaime Marie Adams L Notary Public Maricopa County,Arizona My Comm.Expires 07-01-25 Notary Public My Commission Expire Commission No.6070,i0 07 iol/Z r [Signature page to Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 11 Signature Page to Waiver and Development Agreement: LANDOWNER: DRP AZ 3, LLC, a Delaware limited liability company By: DW General Partner, LLC, a Delaware limited liability company, its Manager By: Name:Houdin Honarvar Title:Authorized Signatory STATE OF NEW YORK ) ) ss. County of New York ) The foregoing instrument was acknowledged before me thiQ2nd day of February , 202 24, by Houdin Honarvar , the Authorized Signatory of DW General Partner, LLC, a Delaware limited liability company, in its capacity as Manager of DRP AZ 3, LLC, a Delaware limited liability company. P � Notary Public My Commission Expires: April 4, 2026 v_ MILA JANETTE SUNIO Notary Public-State of New York NO.O1SU6431449 Qualified in New York County My Commission Expires Apr 4,2026 [Signature page to Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1] Signature Page to Waiver and Development Agreement: LANDOWNER: TRI POINTE HOMES ARIZONA 91, LLC, an Arizona limited liability company By: Its: V� LAB By: Its: STATE OF ARIZONA ) ss County of Maricopa ) The f regoing instrume t was acknowledged before me this J'; day of 202 by l MW WPM the 'PtV1e 4 f) 6 and �at�aao 11 the V F 1410d of Tri Pointe Homes Arizona 91, LLC, an Arizona limited liability company. RASHE1.UAVIM . Notary Pubic•Aebmw Maricopa Co.10637302 Expires ar-, 1 3iT�% - Notary Public My Commission Expires: 01fA [Signature page to Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1] Signature Page to Waiver and Development Agreement: LANDOWNER: WEEKLEY HOMES, LLC a Delaware limited liability company By: Its: pctS)-a ' is].,, STATE OFT PKAS, jAg�r ss County o 6-V I' cap 6--) The fore mg instrument was acknowledged be re me this 'day of 204 , by X ab 9-v' the r S I ✓ Oof Weekley Homes, LLC, a Delaware limited liability company. Notary Public My Commission Expires: A (-7 J6AN—NN=STEVENS Notary Public-State of Arizona MARICOPA COUNTY 2 Commission#603252 _Co mmission 1 7.20 25 Expires Aprll 17.2025 [Signature page to Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1] Signature Page to Waiver and Development Agreement: LANDOWNER: PULTE HOME COMPANY, LLC a Michiga limi ed liability company By: . Its: UIG� I Ae�y� STATE OF ARIZONA ) ss County of Maricopa ) The foregoing instrument was acknowledged before me this!8 jday of , 202L� , by c , the \), of Pulte Home Company, LLC, a Michiga .united liability company. tary Public My Commission Expires: LIN®A A®ROssiligR® Notary Public.Arizona Hcopa Co.1 N2601 • ExPhft 0611 26 [Signature page to Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. I] CONSENT,WAIVER AND AGREEMENT Reference is made to that certain Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1, dated as of March 7 , 2024, by and among the District, the Developer, Brookfield Homes and the Landowners (each as defined therein), to which this Consent, Waiver and Agreement is attached (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, on behalf of the optionee pursuant to that certain Option Agreement dated as of June 14, 2023 (the "Option Agreement"), pursuant to which the optionee has an interest in real property within the Assessment Area No. 1, hereby consents to, and agrees to be bound by, the terms, waivers and agreements set forth in the Agreement, acknowledges that the Agreement shall bind all the Property in which the optionee has an interest within the Assessment Area No. 1, and authorizes the recordation of the Agreement with respect to all such Property. Without limitation of the foregoing, the undersigned, on behalf of the optionee, acknowledges that the proceedings and related actions contemplated by the Agreement will not violate the Option Agreement; provided, the preceding is not intended to, and shall not apply, to any provision of such Option Agreement pertaining to the failure of the Landowners to pay any assessment levied on any parcel remaining subject to the Option Agreement in favor of the optionee. Further, in no event shall anything in this Consent, Waiver and Agreement constitute a personal assumption by the undersigned of the obligations of any party under the Agreement. DATED AS OF: March 7, 2024. OPTIONEE: WEEKLEY HOMES, LLC, a Delaware limited liability company By: Name: VA Title: Doi t st vrJ Dam f STATE OF E ) ss. COUNTY Orhe S ) egoing instrument was acknoWledgpo beforp this day of , 2024, by ,S • R- , the j uj o k me of WEEKLEY HOMES, LLC, a Delaware limited liability company. Notary Public My Commission Expires: I 0K � , JOASTEVENS Notary Public-State of Arizona �ti MARICOPA COUNTY ��® �y� Commission#603252 Expires Aprtl 17,2025 CONSENT,WAIVER AND AGREEMENT Reference is made to that certain Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1, dated as of March 7 , 2024, by and among the District, the Developer, Brookfield Homes and the Landowners (each as defined therein), to which this Consent, Waiver and Agreement is attached (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, on behalf of the optionee pursuant to that certain Option Agreement dated as of May 19, 2023 (the "Option Agreement"), pursuant to which the optionee has an interest in real property within the Assessment Area No. 1, hereby consents to, and agrees to be bound by, the terms, waivers and agreements set forth in the Agreement, acknowledges that the Agreement shall bind all the Property in which the optionee has an interest within the Assessment Area No. 1, and authorizes the recordation of the Agreement with respect to all such Property. Without limitation of the foregoing, the undersigned, on behalf of the optionee, acknowledges that the proceedings and related actions contemplated by the Agreement will not violate the Option Agreement; provided, the preceding is not intended to, and shall not apply, to any provision of such Option Agreement pertaining to the failure of the Landowners to pay any assessment levied on any parcel remaining subject to the Option Agreement in favor of the optionee. Further, in no event shall anything in this Consent, Waiver and Agreement constitute a personal assumption by the undersigned of the obligations of any party under the Agreement. DATED AS OF: March 7, 2024. OPTIONEE: LENNAR ARIZONA, LLC, an Arizona limited liability company �- Name: ,jgif C,urld�rson Its: N/icP President STATE OF ARIZONA ) ss. County of Maricopa ) The foregoing instrument was acknowledged before me this 13 day of ru 202q, by J"e P-F 05MNJ-e S b r, , the _ V i eA s j of LENNAR ARIZONA, LLC, an Arizona limited liability company. Notary Public My Commission Expires: S�� � -�6A r JAMIE KELSEY WPM otary Public.State of Arizona Maricopa County Commission • 684063 My Commission Expires July 29, 2024 CONSENT, WAIVER AND AGREEMENT Reference is made to that certain Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1, dated as of March 7, 2024 (the "Agreement"), by and among the District, the Developer, Brookfield Homes and the Landowners (each as defined therein), to which this Consent, Waiver and Agreement is attached. 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, on behalf of the buyer pursuant to that certain Purchase and Sale Agreement dated as of April 4, 2023, and that certain Purchase and Sale Agreement dated as of May 8, 2023 (together, the "Purchase Agreements"), pursuant to which the buyer has an interest in real property within the Assessment Area No. 1, hereby consents to, and agrees to be bound by, the terms, waivers and agreements set forth in the Agreement, acknowledges that the Agreement shall bind all the Property in which the buyer has an interest within the Assessment Area No. 1, and authorizes the recordation of the Agreement with respect to all such Property. Without limitation of the foregoing, the undersigned, on behalf of the buyer, acknowledges that the proceedings and related actions contemplated by the Agreement will not violate the Purchase Agreements; provided, the preceding is not intended to, and shall not apply, to any provision of such Purchase Agreements pertaining to the failure of the Landowners to pay any assessment levied on any parcel remaining subject to the Purchase Agreements in favor of the buyer. Further, in no event shall anything in this Consent, Waiver and Agreement constitute a personal assumption by the undersigned of the obligations of any party under the Agreement. DATED AS OF: March 7, 2024. BUYER: PULTE HOME COMPANY, LLC, a Michigr lim' ed liability company By: A � p Its: STATE OF ARIZONA ) ss. COUNTY OF MARICOPA ) The foregoing instrument was acknowledged before me this day of , 20$-� by the V v of PULTE HOME COMPANY, LL , a Michigan limited liability company. _ tary Public My Commission Expires: LINDA J.GROSSBERG Notary PubUc-Arizona Maricopa Co.1 6481 • ExOres OSM012026 CONSENT, WAIVER AND AGREEMENT Reference is made to that certain Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1, dated as of March 7, 2024 (the "Agreement"), by and among the District, the Developer, Brookfield Homes and the Landowners (each as defined therein), to which this Consent, Waiver and Agreement is attached. 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, on behalf of the buyer pursuant to that certain agreement with Developer as reflected in the Memorandum of Agreement recorded as Fee No. 2023-086863, in the official records of the County Recorder of Pinal County, Arizona (the "Purchase Agreement"), pursuant to which the buyer has an interest in real property within the Assessment Area No. 1, hereby consents to, and agrees to be bound by, the terms, waivers and agreements set forth in the Agreement, acknowledges that the Agreement shall bind all the Property in which the buyer has an interest within the Assessment Area No. 1, and authorizes the recordation of the Agreement with respect to all such Property. Without limitation of the foregoing, the undersigned, on behalf of the buyer, acknowledges that the proceedings and related actions contemplated by the Agreement will not violate the Purchase Agreement; provided, the preceding is not intended to, and shall not apply, to any provision of such Purchase Agreement pertaining to the failure of the Landowners to pay any assessment levied on any parcel remaining subject to the Purchase Agreement in favor of the buyer. Further, in no event shall anything in this Consent, Waiver and Agreement constitute a personal assumption by the undersigned of the obligations of any party under the Agreement. DATED AS OF: March 7, 2024. BUYER: BRP HOMES ARIZONA LLC, a Delaware limited liability company By: t4 ( f V)—)�— Its: Nicole r President By: Its: /,J A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. STATE OF CALIFORNIA ) ss. COUNTY OF .< ,� ) On ;'-"L;` ' � ' 202 N , before me, <y,`& `s r' � �,} '' , Notary Public, personally appeared ft'1 'r�, ��t,� 'r a� , who proved to me on the basis of satisfactory evidence to be the person(-j whose nameW' is/are subscribed to the within instrument and acknowledged to me that-l-e/she/th,&y executed the same in -hisfher/their authorized capacity(ite), and that by his/her/their signature on the instrument the person, or the entity upon behalf of which the person(s)acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. RONN RUTHERFORD WITNESS my hand and official seal. '*my Notary Public•California Orange County Commission k 2379381 Signature: ' a Comm.Expires Nov 4,2025 (Seal) A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached,and not the truthfulness,accuracy,or validity of that document. STATE OF CALIFORNIA ) ) ss. COUNTY OF � , ' , ) On fe� tl&!Y 1 202 1,/, before me, J�p'�. e s {`< u ' Notary Public, personally appeared �j/ �(;, , who proved to me on the basis of satisfactory evidence to be the person(s) whose nameo is/aFe subscribed to the within instrument and acknowledged to me that he/she/they executed the same in-his/her/their authorized capacity(ies), and that by lis�her/tlacir signatur90 on the instrument the person(s), or the entity upon behalf of which the person( )/acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS m hand and official seal. _*MY R081NRUTHERFORD y Notary Public•California Orange county Commission a 2379381 (Seal) Signature: - Comm.Expires Nov 4,1025 The foregoing notarial certificate relates to the Consent, Waiver and Agreement relating to the Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1,dated as of March 7 ,2024(the"Notarized Document"). The Notarized Document contains a total of.31 pages. EXHIBIT A LEGAL DESCRIPTION OF PROPERTY Lots 1 through 554, inclusive, according to the Final Plat for Blossom Rock Phase 1, recorded as Fee No. 2022-084918, Official Records of Pinal County, Arizona, and Affidavit of Correction recorded as Fee No. 2023-036163, Official Records of Pinal County, Arizona. A-1 EXHIBIT B PUBLIC INFRASTRUCTURE DESCRIPTION COMPLETION* Blossom Rock Trail—SVJOC-001.04W; SVJOC-001.04R; SVJOC-003.03 Construction of approximately 3,639 linear feet of April,2024 full street surface improvements with landscape installed within the raised median, at the back of the curb to the detached sidewalk and within adjacent tracts as shown on the approved Landscape Plan. The street improvements include two lanes in each direction and tying into existing Ray Avenue to the South and extending to the North. These improvements include 12-inch potable water and 8-inch water stubs,various sizes of storm drain, dry utility installation, concrete curb and gutter, sidewalk, paving, striping, signage, streetlights, street sleeves, landscaping and irrigation, and entry monuments. All improvements are shown on the plans sealed by Wood, Patel and Associates, on December 29, 2022 and approved by the City of Apache Junction, which may be amended from time to time to allow for additional property uses adjacent to Blossom Rock Trail that are not yet known. * Completion represents the date by which the Developer expects the public infrastructure to be constructed,which may differ from the date that it is accepted by the District, City of Apache Junction, or other governmental entity. B-1 EXHIBIT C FINAL PLATAMPROVEMENT PLANS (CFD INFRASTRUCTURE) Final Plat: Final Plat for Blossom Rock Phase 1, recorded as Fee No. 2022-084918, Official Records of Pinal County Recorder Virginia Ross, Pinal County, Arizona, and Affidavit of Correction recorded as Fee No. 2023-036163, Official Records of Pinal County, Arizona. Improvement Plans (CFD Infrastructure): Improvement Plans for Blossom Rock— CFD Project Segment Nos. SVJOC-001.04W, SVJOC- 001.04R and SVJOC-003.03 Blossom Rock Trail Phase 1 at Superstition Vistas Development Unit 2, Approved by the City of Apache Junction Development Services Department on January 23, 2023. 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. 1] Reference is made to that certain Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1, initially by and between the District, Developer, Brookfield Homes and Landowners (each as defined therein), dated as of March 7, 2024, and recorded as Fee No. 2024- in the Official Records of Pinal County (the "Agreement"), in respect of the Property, to which this [Property Owner/L,ienholder] 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/L,ienholder] 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. 1, 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. 1, 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. 1 and recorded upon prospective retail buyer acquiring the Lot described herein] Reference is made to that certain Superstition Vistas Community Facilities District No. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 1,initially by and between the District and the Developer (each as defined therein), dated as of March 7, 2024, and recorded as Fee No. 2024- in the Official Records of Pinal County (the"Agreemenf'),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. 1, 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. 1 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 NOTICE OF PUBLIC HEARING TO THE GENERAL PUBLIC AND THE MEMBERS OF THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2: NOTICE IS HEREBY GIVEN that the Board of Directors of the Superstition Vistas Community Facilities District No. 2 will meet on March 19, 2024, at 6:00 p.m., in the City Council Chambers, City of Apache Junction, 300 East Superstition Boulevard, Apache Junction, Arizona 85119, to conduct a public hearing on, and to consider and review a feasibility report relative to a proposed project to be financed by the issuance of special assessment bonds of Assessment Area No. 1 within the District. A copy of the feasibility report may be reviewed at the office of the City Clerk, 300 East Superstition Boulevard, Apache Junction, Arizona 85119. Publish once in the Arizona Business Gazette no later than March 7, 2024. City of Apache Junction, Arizona 300 E Superstition Boulevard Agenda Item Cover Sheet Apache Junction,AZ 85119 Agenda Item No.4. File ID: 24-113 Sponsor: Matt Busby Agenda Date:3/19/2024 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. 2024-002 SVCFD No. 2, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 approving the levying of an assessment and assessment diagram for Assessment Area No. 1 within the district. City of Apache Junction,Arizona Page 1 Printed on 311412024 RESOLUTION NO, 2024-002 SVCFD NO. 2 RESOLUTION OF THE BOARD TT DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITlES DISTRICT NO. 2 APPROVING THE LEVYING CA' AN ASSESSMENT Al\"ID A,'SSESSMENT DIAGRAIM. FOR, ASSESSMENT AREA NO, 1 WITHIN THE SOPERSTITION VISTAS C,',0M1AUN1ITY FACILITIES DIS'I'RICT INO. 2 . WHEREAS, on March 19, 2024, the Board of EK�ectors (this "Board") of the Superstition Vistas Connunity Facilities District, No. I (the "District") paMed and adopted ResOlLltion No. 2024 -001 SVCF1) No. 2 (the "Resolution of Intention") , det,.-,la-ring its intention to acquire the Project (as defined in the Resoli,,,,tion of Intention) , together wi th all appurtenances a,n d adjuncts pertaining thereto; determining that the District' s special assessment bonds shall be issued to represent the cvssts and expenses thereof; declaring the Project to be of more than local or ordinary public benefit; declaring that the costs and expenses thereof shall be assessed upon the residential is within the boundaries of Assessment Area No. 1 (as define�-J in t-he ResolUtion of (.ntention) ; and providing that the Project shall be performed under the provisions of Title 48, ChapLer 4, Axticle 6, Arizoncl Revised SLatutes, and all amendments thereto; and WHEREAS, the Waiver (as defined in the Resolution of Intention) has been signed by the District, the ctevelo}it r, the landowners of the real property within the boiindar-ies of Assessment Area No. 1 and any other persons having an interest in the real property within the boundaries of Assessment Area. No,, 1, ,aaivinoj, among other things, ail requiremenLs for no�:ice and time for protests against the Project and objections to the extent of the Assessment Area tNlo. -1; and WHEREAS , a $3, 500 . 00 assessment shall be levied against all residential lots shown on the assessment dia,gram within Assessment Area No, I that have not prepaid such assessment; and WHEREAS, this Board has thereby acquired jurisdiction to order the acquisition and performance of the Project; NOW, THEPEFORE, BE IT RESOLVED BY THE BOARD OF DIRECTOPS OF THE SUPERSTITiON VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 AS FOLLOWS : 69N2343 RESOLUTION NO. 2024-002 SVCFD NO. 2 PAGE 1 OF 4 SECTION 1 DEFINITIONS In Lhis resolution, terms defined in the Resolution of Intentioll shall have the same mean,'Lngs he-rein as therein. SECTION 2 PROJECT COST The estimate of costs and expe ns es for the Project, Innidental Expenses and Debt Service Reserve is as set forth hereafter, and the Estimate on file with the District is as follows : Proln-t. Costs Project Costs $1, 377, 000 . 00 TOTAL PROUCT COSTS Incidental Expenses $ 390, 000 Debt Serv],.ce '1,',1,eserve 172 000 00 GRAND TOTAL $1, 939, 000 . 00 SECTTON 3 RATTFICATION OF LEVY OF ASSESSMENT The District Engineer has allocated the Project costs among the developable lots within the Assessment Area No. 1 beriefitt,:Lng from the Project and the levy by the Superintendent of Streets of ail assessment against the real property in the Assessment Area No, 1 for an amount not greater, than the grand total of costs set forth in Section 2 hereof, is hereby ratified; provided, however, the amount of the assessment may W reduced as actual costs are established and substituted for the estimated costs and as may be necessary to reduce any assessment made on any cRovelopabla 10t il-I the Assessment Area No. 3. to not mcre �,::.,han $3, 500 . 00 . The Superintendent of Streets is hereby directed &D record in its offices the assessment and record with the Pinal County Recorder a Noti(,':e of Asses sn"i.e,,at . SECTION 4 ASSESSMENT DIAGRA1,4 Those certain duplicate assessment diagrams of the area to bc,-� assessed, prepared by the District Engineer, and heretofore f-i'Led with the Disurict Clerk and the Superintendent of Streets, are hereby ratificd and approved, and the Distrdct Clerk is hereby directed to certify the fact of such ratification and approval on the face of each of such diagrams including the date hereof as the RESOLUTION NO. 2024-002 SVCFD NO. 2 PAGE 2 OF 4 daLe of such ratification and approval and to deliver a copy of the diagrams so cerLified to the Superintendent of Streets. SECTTON 5 ASSESSMENT AND COLLECTION The preparation and recording by the District Engineer' and SuperintendenL of Streets of an assessment againsL the real property contained wiLhin the Assessment Area No. I is heieby authori2ed an(i approved, or as applicable, ratified. nie assessment shall be allocated among Lhe parcels and residential lots within the Assessment Area No. 1 as shown on the Assessment: Diagram, in the manner established by the District Engineer. The District Treasurer and Superintendent of Streets are each hereby authorized and dire(,-ted to collect the assessment, and the District' s execution and delivery of a Coamu.ii,:Iity Facilities DisLricL Assessment Collection Agreement, by and between th,e District and the Treasurer of Pinal County, Arizona, in accor(t.anCs with Arizona Revised Statutes § 48-721, is hereby authorized. SECTTON 6 RATIFICATION' All acts of the District Clerk, the District Engineer, zhe Superintendent of St eeLs an,d any person acting for such Officials in furtherance of this resolution, whether such actions were prior to or, are subsequent to th.e adoption of this resolut-A-o).-I, are hereby ratified andt confLrmed. SECTION 7 SEVERABTLITY; AMENDMENT; RATIFICATION If any section, paragraph, clause or provision of chis Resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenEorceability of such sectiozn, paragraph, clause or provision shall not aEfect any of the remaining provisions of this Reso3ution . SECTION 8 EFFECTIVE DATE This Resolution shall. be effective immediately. RESOLUTION NO. 2024-002 SVCFD NO. 2 PAGE 3 OF 4 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITiON VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, THIS DAY OF , 2024 ........... SIGNED AND ATTESTED TO THIS DAY OF 2024 . WALTEP "CHIP" WILSON Chairman, Board of Directors ATTEST: JENNIFER PENA District Clerk APPROVED AS TO FORM: RTCHARD JOEL STERN DistricL Counsel CERTIFICATE I hereby certif y that the above MCI fOrEQ00f] reSOlution was duly passed by the Board of Directors of the EATerstition Vistas Community Facilities District No. 2 at a rcgular meetim.-I held on March 19, 2024, and that a quoruall was present thereat anc-1 that the vote thereon was ayes and nays; did rmt vote or were absent . District Clerk RESOLUTION NO. 2024-002 SVCFD NO. PAGE 4 OF 4 SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO . 2 ASSESSMENT AREA NO . 1 SHEET INDEX SHEET DESCRIPTION 1 COVER SHEET VICINITY MA13 F------—-----—-— -------—------------_---_ 2 KEY MAP & LEGEND 3 PARCEL 20.1 (LOTS 01 -156) NTS 4 PARCEL 20.1 (LOTS 157-255) FREEWAY 5 PARCEL 20.1 (LOTS 256-305) —412) 0 6 PARCEL 20.1 (LOTS 306 7 PARCEL 20.1 (LOTS 413-484) (AZ 202) MCDo ELL 8 PARCEL 20.1 (LOTS 485-554) CKE-LIP Li o � DISTRICT ENGINEER CERTIFICATION B AN Rb 7 0 . 111111 1 HEREBY CERTIFY THAT THE PARCEL BOUNDARIES SHOWN AS DEPICTED ON 01 ...... THESE PLANS WERE SUPPLIED BY WOOD PATEL & ASSOCIATES, INC. AND ARE 0 CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. ...... I)NIVERS17Y DR I AAIN I ST ROD DISTRICT ENGINEER DATE Cr. 0- Oj C) ' T HERN APPROVED BY RESOLUTION NO.2024-00—SV CFD NO. 2 AT A MEETING OF THE 6i BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIS DISTRICT c�O—Y-1z: NO. 2 ON THE TH DAY OF 2024. HERN V B*L 6E ­ ---- --- -------- ----- ---------------------- RAY AVENUE DISTRICT CLERK DATE 0: Cn Z Z C� W m =j ELLIOT SIGNED; THIS DAY OF 2024 C Z _j m 0 0 Cn 0 _j m m 0 0 WARNER SUBMITTED: m En SUPERINTENDENT OF STREETS DATE (AZ 202) SANTAN FRWY C E 0 _j RAY AVE co 00 WILLIAMS FIELD THIS PROJECT PECOS RD Z 0 F9F 0 GERMANN RD CK Q_I v 6 QUEEN CREEK FmIA 1q 3=N. ul�2 b 'AZ 8=8 Tel:22144WI&S FKWC=444 8"7 m 0 www.entelfmoom < 0 0 > T U) Z 9: > E X > W co 9 0 X X Z Z Z X0 0 SUPERSTITION VISTAS < _r X N X X COMMUNITY FACILITIES 6 X DISTRICT NO. 2 APACHE JUNCTION, ARIZONA o Contact Arizona 811 at least two full COVER SHEET working days before you begin excavation ASSESSMENT AREA NO. 1 DRAWN BY: DESIGN BY: JB CHECK BY: TC SHEET TOTAL rem 1 NO: SHEETS Uj Call 811 or click Arizona8l 1.com DATE: 03/05/2OT47ENT PROD #: 745.029A 01 08 F-7 I AA NO , 494 493 490 S53 488 / � / 552/ 49G 487 / 4)7 se / 49x 511 ` 510 5W \ , 48, / / 501 509 550 LEGEND: 482 �� ,� 506 SHEET 08 " i 4,9 480 //' - /'� 5a, /- LOTS 485-554 ��` `� ASSESSED IMPROVEMENTS 4 / 69 V� /� 547 , (BLOSSOM ROCK TRAIL) 477 \X ` , �- / / ' (70 LOTS) 528 470 ,,,, 527 546 ASSESSMENT AREA EXTENTS 6 / 00, 47 468 �� ��/ 51x 516 / ��, PARCEL LINE 256 1 --/ / LOT LINE • 25J / / 473 46] ` ,`` 524 � 47A 466 520 / �, , 523 %� 529 , 544 100 LOT NUMBER - 259 /\\ 475 530 260 // `I ♦ ` ` 464 / / I// `, , ` / I -/ / 531 / ` ` 463 / j / 441 ` 52t / 532 ♦` / / b2 , 540 IIO 9 8 9 6 S A 3 - / -/ 66 462 /- / '/ 46G �� /�- 539 VVV/ \� VV / I — - 264 6 46L 1 -� 459 ��44� -�// 5 5 / 26'� 26: 268` ` ` /'� S H 2 2 ! 0 1 `� // ` ``, i3] /I� 30G ' I (— 2,11 r 2„1 456 LOTS 413-484 �� 35 326 535 6 i 307 i I� 112 TF I 2 ass /'r ASSESSMENT AREA (AA) NO.1 —SITE DATA I lil li it / - /..�� (72 LOTS) / �� ► 0x I I 'I 22 I' 'I 273 I X` ` 454 i `` ` 318 328 / I, I YC1 PARCEL 20.1 45 324 309 2a j211 SHEET 05 443 34,25 24 / LOT COUNT: 554 = _ LOTS 256-305 �� �53 /�'� 441 2 346 330 AA NO. 2 ; 323 / �53 — — — — 50 LOTS i °031- 27 345 1 .4 ( ) / 439 p - / I 45 321 TOTAL LOT COUNT: 554 32 33 34 35 36 37 38 39 40 4t 42 I I 43 44. 282 / 438 431 / 331 azo I I 28a 283 � / 1 1 I - � 433 42€ �� ♦ � / � 1/ I 285 /I `` ` 43'1 434 - / -/ 427 ` �� / 333 291 /_ 4 I / - / 11 60 59 58 51 56 55 ``` - 335 ll�]=411 425 344 46 - / 343 336SHE2T03 — 289 24 423 � / 314 313 2x7 LOTS 1 156 42t 341 293 413 354 40 ]0 ]3 75 114 3S5 295 96 / 411 4t6 356 ` 31762 (156 LOTS) 316 / `9 ` 117 / - -/ 412 / / 1` / I UJ 77 I i I I tL 298 2g] / / -- - / 410 357 92 9I JO R RR I I P3 32 0 8 - / 303 ` ` / 358 jI I 37 86 84 301 302 3fW ` , V / 40', 408 S H 2 2T 06 30 .00 06 95 9 ioz o3 uu los 299 s/ 405 397 396 LOTS 306-412 98 139 99 (107 LOTS) OI .00 159 40 / 137 111,, 370 36 401 369 /3 63 Z UO 131 134 133 x 38] ] I57 42 364 �62 61 360 ��� / O / 84 154 / / 383 372 O _ ry I 73]3 / /A -Y IIJ— I 152 / / 3x1 374 � � tI5 1I6 117 118 119 120 12I 122 13 124 125 I41 14' 143 144 145 146 111, I51 I64 165 /-/ 375 /- 376 2 / ` 380 377 � O - � I 110 I ( rn 17o i 133 231 - C9 "J 234. ` 379 / � I ——— \lam 136 235 230 ` \ '// / O Cn 241 23,9 238 22x 172 I, I ,I 226 / - 'o / NO 224 173 SHEET 04 22, 2 I I LOTS 157-255 I I III (99 LOTS) / ° • I i , I 177 ' 246 219 178 I I 247 28 L i I I I I 179 248 217 / -1 216 I ,It I I ,x, 1 1 2511 2,5 xis 21u 2a3 zm_ � 112 24 183 I 2S2 213 o I I 2«7 21x1 , I I ,84 III ,,2 I 1 , I 5 3,1 lox Irip ,x 254 o (�L I 14 inr , Z a7 sa e9 90 91 n a �9s 96 9] I 3=N.44�1 s�itt Sul 250. Ph0lnbt AZ 8=8 I I I I Teft 602244 2586 F= 8 r24,8"7 I — www.entellus corn ———————————— z--------J —————------------ ————————————————— ° E RAY AV E N U E co ._._......................... _._._ _ _ --- _._._._._._._._._._._._._._._._.—.—.—.—. .—.—._.—.—._._._._._._._._._._._._._._._._._._._._._._._._._. SUPERSTITION VISTAS N COMMUNITY FACILITIES z I DISTRICT NO. 2 APACHE JUNCTION, ARIZONA Q o Contact Arizona 811 at least two full KEY MAP working days before you begin excavation 0 ASSESSMENT AREA NO. 1 0 i ; DRAWN BY: JB DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS J 24 Call 811 or click Arizona811.com DATE: 03/05/20 ENT PROD #: 745.029A 02 08 LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT No. AREA(SOn ASSESSMENT N0. LOT NO. AREA(S4FN) ASSESSMENT N0. LOT No. AREA(SQ.t N) ASSESSMENT No. LOT N0. AREA(SQ.t-h ASSESSMENT N0. LOT to AREA(Sga'rj ASSESSMENT T to I I i LOT: 01 8,175 02-01-2-20.1-01 LOT: 21 SOW 02-01-2-20.1-21 LOT: 41 6= 02-01-2-20.1-41 LOT: 61 8,280 02-01-2-20.1-61 LOT: 81 8A2 02-01-2-20.1-81 1 ' LOT: 02 81250 02-01-2-20.1-M LOT: 22 6,750 02-01-2-20.1-22 LOT: 42 8,175 02-01-2-20.1-42 LOT: 62 8,175 02-01-2-20.1-62 LOT: 82 SA3 02-01-2-20.1-82 1 1 1 1 LOT: 03 6,250 02-01-2-20.1-03 LOT: 23 elm02-01-2-20.1-23 LOT: 43 9,175 02-01-2-20.1-43 LOT: 83 km 02-01-2-20.1-63 LOT: 83 elm 02-Ot-2-20.1-83 1 1 10 9 8 7 6 5 4 3 2 1 1 1 1 LOT: 04 um LOT: 24 km 0"-2-20.1-24 LOT: 44 I 8,2N 02-Ot-2-2at-44 LOT: 64 1 6,250 02-01-2-20.1-64 LOT: 84 8,175 0"-2-20.1-84 LOT: 05 VW 02-Ot-2-2a1-o5 LOT: 25 mm 02-01-2-20.1-25 LOT: 45 9,563 02-01-2-20.1-45 LOT: 65 km 02-01-2-20.1-65 LOT: 85 8,250 02-01-Z-20.1-85 LOT: 06 6,250 02-Ot-2-201-OB LIFT: m km 02-09-2-201-26 LOT: 46 9,297 02-01-2-20.1-46 LOT: 66 mm 02-01-2-20.1-88 LOT: 86 km 02-01-4-20.1-86 LOT: 07 km 02-01-2-20.1-07 LOT: 27 6,250 02-01-2-20.1-27 LOT: 47 %in 02-01-2-20.1-47 LOT: 87 6,250 02-01-2-211-67 LOT: 87 6,250 02-01-Z-211-87 - - - - - - / LOT: OB 8,250 02-Ot-2-20.1-08 LOT: 28 8,250 02-01-2-20.1-28 LOT: 48 7A42 02-01-2-20.1-48 LOT: 8B mm LOT: 86 km 02-01-2-=-88 LOT: 09 8,250 02-09-2-2at-09 WT: 29 6,250 02-01-2-20 t-29 LOT: 49 7,250 0"-2-X1-49 WT: 89 6,250 0"-2-20.1-89 WT: 80 6,250 02-01-2-20.1-89 p LOT: 10 6,250 0"-2-20.1-10 LOT: 30 6.250 02-01-2-20.1-30 WT: SO 9,175 02-Ot-2-20.1-50 LOT: 70 8,250 02-09-2-fit-70 LOT: 90 6,250 02-01-2-2D.1-90 1 I f�-- --- -- -- --- -- -- --- - Vr I ' 20 LOT: 11 W 02-01-2-20.1-11 LOT: 31 8,175 0"-2-20.1-31 LOT: 51 8,175 0"-2-20.1-51 LOT: 71 %175 02-Ot-2-20.1-71 LOT: 91 "m 02-Ot-2-20.1-91 I 1 I I I I I /> LOT: 12 8,175 02-M-2-20.1-12 LOT: 32 6,250 02-01-2-20.1-32 LOT: 52 6,250 02-01-2-20.1-52 LOT: 72 9,363 02-01-2-20.1-72 LOT: 92 6,250 0"-2-20.1-92 12 13 14 15 16 17 18 19 1 ' ' 1 y �(� LOT: 13 61250 0"-2-20.1-13 LOT: m um 02-01-2-20.1-33 Lor: 53 Vm 02-01-2-20.1-53 LOT: 73 W 02-Ot-2-M1-73 LOT: 00,175 0"-2-20.1-93 LOT: 14 81250 02-01-2-20.1-14 LOT: 34 8,250 02-M-2-20.1-34 LOT: 54 61250 02-M-2-20.1-54 WT: 74 7,704 02-01-2-20.1-74 LIFT: 94 8,425 02-01-2-20.1-94 LOT: 15 6,250 02-01-2-20.1-15 LOT: 35 6,250 02-01-2-20.1-35 LOT: 55 um 02-01-2-20.1-55 LOT: 75 8,8'28 02-01-2-20.1-75 LOT: 95 6,250 02-Ot-2-20.1-95 I I 1 I 21 ( 1 I ( rt LOT: 16 6,250 02-Ot-2-20.1-16 LOT: 36 6,250 02-01-2-20.1-36 LOT: 56 6,250 02-01-2-20.1-56 LOT: 76 9,233 02-01-2-20.1-76 LOT: 96 6,250 02-01-2-20.1-96 LOT: 17 6,250 02-Ot-2-20.117 LOT: 37 8,250 02-01-2-20.1-37 LOT: Sl 6,250 02-01-2-20.1-57 LOT: 77 8,430 02-01-2-20.1-77 LOT: 97 8,250 02-01-2-2a1-97 LOT: 18 8,250 02-01-2-20.1-18 LOT: 38 8,250 02-01-2-20.1-38 LOT: 58 6,250 02-01-2-20.1-s8 LOT: 78 7,383 02-M-2-20.1-78 LOT: 98 6,250 02-01-2-20.1-98 22 1 i I 1 1 LOT: 19 6,250 02-M-2-20.1-19 LOT: 39 mm 02-M-2-20.1-39 LOT: 59 um 02-01-2-20.1-59 LOT: "m6,313 0"-2-20.1-79 L FT: 99 mm 02-01-4-20.1-99 1 I i 31 30 29 28 27 26 25 24 LIFT: 8,675 02-M-2-20.1-20 LIFT: 40 um 02-01-2-20.1-40 LOT: 60 6,250 m2 m-2-m1-m LOT: m 6,312 02-Ot-2-211-80 LOT: 100 6,250 02-Ot-2-211-100 23 II 11 11 11 I -- -- -- -- -- -- -- -- -- -- -- LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT No. AREA(MM ASSESSMENT NO, LOT NO. AEA(son ASSESSMENT NM LOT to AEA(SQn ASSESSMENT NO. LOT N0. AREA(MM ASSESSMENT N0. _ LOT: 81 OAl2 02-01-2-20.1-81 LOT: 101 8,250 02-01-2-20.1-101 LOT: 121 8,250 02-01-2-20.1-121 LOT: 141 81250 02-01-2-20.1-141 1 f LOT: 82 6,313 02-01-2-20.1-82 LOT: 102 7.741 02-M-2-20.1-102 LOT: 122 8,250 02-M-2-20.1-122 LOT: 142 8,250 02-01-2-20.1-142 I I I 1 I LOT: 83 81238 02-M-2-20.1-83 LOT: 103 7,250 02-Ot-2-20.1-103 LOT: 10 um 02-01-2-20.1-123 LOT: 143 6,250 0"-2-20.1-143 32 33 34 35 36 37 38 39 40 41 42 I 1 1 1 43 44 45 LOT: 84 0,175 02-01-2-20.1-84 LOT: 104 7,445 0"-2-20.1-104 LOT: 124 6,250 02-01-2-2D.1-124 LFT: 144 mm 0"-2-2LL1-144 II I LOT: 85 61250 02-01-2-20.1-85 LOT: 105 W 02-01-2-20.1-105 LOT: 125 61250 02-01-2-20.1-125 LOT: 145 6,250 02-01-2-20.1-145 1 1 I LOT: 86 61250 02-01-2-20.1-88 LOT: 100 9,177 02-01-2-20.1-108 LOT: 120 8.675 02-M-2-20.1-126 LOT: 146 6,262 02-01-2-20.1-146 I I 1 I LOT: 87 SAW 02-01-2-20.1-87 LOT: 107 6,250 02-01-2-20.1-107 LOT: 127 0,750 02-01-2-2a1 127 LOT: 147 8,134 02-01-2-2a1 147 I 1 I LOT: 88 6,250 02-01-2-20.1-88 LOT: 108 6,250 02-01-2-20.1-108 LOT: 128 6,750 02-01-2-20.1 128 LOT: 148 61250 02-Ot-2-20.1 148 I LOT: 89 61250 02-01-2-20.1-89 LOT: 109 6,250 02-01-2-20.1-109 LOT: 129 a875 M2 01-2-20.1129 LOT: 140 Vm 02-M-2-20.1-149 I ' ' I LOT: 90 6,250 02-01-2-20.1-90 LOT: 110 61250 02-Ot-2-20.1-110 LOT: 130 6,837 02-Ot-2-20.1-130 LOT: 150 61250 02-09-2-20.1-150 46 LOT: 91 6,250 02-01-2-20.1-91 LOT: 111 61250 02-Ot-2-2D.1-111 LOT: 131 ON 02-01-2-20.1-131 LOT: 151 10,941 02-01-2-2.1-151 61 60 59 58 57 56 55 54 53 52 51 1 I I I 50 49 48 47 LOT: 92 61250 02-01-2-20.1-92 LOT: 112 61250 02-M-2-20.1-112 LOT: 132 km 02-Ot-2-2a1-132 LOT: 152 11316 02-01-2-20.1-152 I LOT: 93 8,175 02-01-2-20.1-93 LOT: 113 6,250 02-01-2-20.1-113 LOT: 133 6,688 02-01-2-2(0-133 LOT: 153 7,747 02-09-2-20.1-153 LOT: 94 8,425 02-01-2-20.1-94 LOT: 114 8.425 02-01-2-20.1-114 LOT: 134 0117 02-Ot-2-20.1-134 LOT: 154 7,222 02-01-2-20.1-154 LOT: 95 6,250 02-01-2-20.1-95 LOT: 115 8,232 02-Ot-2-20.1-115 LOT: 135 8,304 02-01-2-20.1-135 LOT: 155 7 ---- --- -- -- --- -- -- --- -- -- --� �-- --- ---- _...--- .. ,223 02-09-2-20.1-155 - -01-221-9 Vm - 1-2-20.1-116 O 1 02-01-2-20.1-135 LOT: 156 7= M-01-2-20.1-15LOT: 96 6,20 02 2 8 Wr: 97 6,250 02-01-2-20.1-97 LOT: 117 8,250 02-M-2-20.1-117 LOT: 137 7,409 02-Ot-2-20.1-137 I - -- -- -- -- -- -- -- -- 1 -- -- -- _ LOT: 98 61250 02-Ot-2-20.1-98 LOT: 118 61250 02-Ot-2-20.1-118 LOT: 138 7,222 02-Ot-2-20.1-138 LOT: 99 61250 02-01-2-20.1-99 LOT: 119 61250 02-01-2-211-119 LOT: 130 7.223 02-01-2-20.1-139 1 LOT: 100 SAW 7r7W-01-2-X1-I00 LOT: 120 6,250 02-01-2-20.1-120 LOT: 140 7,223 02-01-2-2a1 140 76 62 63 64 65 66 67 68 69 70 71 1 1 72 73 74 75 N I I I I I I I I ( I Lij I tS� 11 ; 1 11 11 Q 1 1 1 1 1 1 1 11 1 y 77 yj� LEGEND: I I I 1 90 89 88 87 86 85 84 ( I 83 82 81 80 79 78 to I I i 193 92 9 i i i i yy ASSESSED OM ROCK IMPROVEMENTS TRAIL) I 1 ( 1�-- -- -- --- -- -- --- -- -- ---�J I 1�------ -- --- -- --- PARCEL LINE j I -- -- -- -- -- -- -- -- -- -- -- -- -- -- _�,� --- --- ROW LINE I 1 -- -- -- - -- -- -- -- - -- -- -- -- -- � �-� � --------------- LOT LINE II -- -- ---- ---- --- --- -- - -- -- --- -- -- - _ _ p EASEMENT LINE 1 - - CENTER LINE 1 ' 1 1 126 j� I i 100 LOT NUMBER 41 1 I ' 94 95 96 97 98 99 100 101 ' ' 102 103 104 105 106 y y 01-01-1-20. 1-9 00 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- I 1 I I I ( 140 DEVELOPMENT UNIT # -PARCEL # -LOT # 11 I 11 11 127 I I i 1 1 1 1 I I 139 I I I I 138co co co 128 137 I ( 1 1 1 1 136 �� V1p I i 1 I 112 Ill l 110 109 108 107 1 ( 130 131 132 133 134 135 I 1 1 114 113 1 1 1 1 1 1-o.1o, 129 I , �--- -- -- --- -- -- --- ---------- ----- --- -- --- ----- _ i - �� 156 o I -- -- -- -- --- -_ -- - -- - - -- - -- -- _- --- -- - _,�-- ,� 155 A �� - - - - - - - - - - -r -- -- --- -- -- -- -- -- 154 o I ( 147 153 1 1 1 152 M 115 116 117 118 119 120 121 122 123 124 125 141 142 143 144 145 146 1 151 s . Z 1 1 3033 N.44th Sul 250, Phoenb4 AZ 85018 I ; t I www.entellus.00m 148 1 1 1 Tel: 602 244 R, 602244.8947 I c Q) I-`------------ I co 1.49 co ' SUPERSTITION VISTAS co � I ' Z lso i , COMMUNITY FACILITIES 1 L DISTRICT NO. 2 MATCH LINE APACHE JUNCTION, ARIZONA SEE SHEET 04 o FCall rizona 811 at least two full PARCEL N O. 20. 1 (LOTS 1 -156) s before you begin excavation ASSESSMENT AREA NO. 1 O SHEET TOTAL 80 40 0 80 160 DRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS SCALE: 1 "= 80 r click Arizona811.com DATE: 03/05/2024 ENT PROD #: 745.029A 03 08 MP SNP / LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA(MM ASSESSMENT NO. LOT NO. AREA(SQ.Fn ASSESSMENT NO. LOT NO. AREA(SQ,Fn ASSESSMENT NO. 159 \ LOT: 157 7,222 02-ot-1-20.1-157 LOT: 177 81250 02-011-20.1-177 LOT: 197 61250 02-ot1-20.1197 / LOT: 156 7.3et o2-ot-1-20.1-156 LOT: 178 6,250 o2-ot-1-20.1-179 LOT: 198 4737 02-ot-1-2o.1-198 '' \ LOT: 159 9,300 02-ot-1-20.1-15a LOT: 179 6,250 02-01-1-20.1-179 LOT: 199 SA12 o2-ot-1-2o.,-199 ��Q /// `� \ LOT: 180 7.375 02-ot-1-2o.1 160 LOT: 180 8,250 02-011-20.1 180 LOT: 200 SA12 02-ot 1-2a1-200 2 `�NN 158 160 ` `` LOT: 161 7,375 02-011-20.1-161 LOT: 181 6,250 02-011-20.1181 LOT: 2ot 6.10 02-011-20.1-2ot \ LOT: 162 9A00 02-01-1-20.1-162 LOT: 182 6,250 02-01-1-20.1-182 LOT: 202 4675 02-01-1-201-202 y 157 ```, \ LOT: 183 7,489 02-01-1-2O.1-163 LOT: 183 6,250 02-ot1-20.1-183 LOT: 203 6,750 02-ot-1-2O.1-203 161 ` ` �Q LOT: 164 7,290 02-01-1-2a1-164 LOT: 184 6,250 02-01-1-20.1-184 LOT: 204 0,750 02-ot-1-2.1-204 ���� `\ LOT: 185 700 02-ot-1-20.1-165 LOT: 185 6,250 02-011-20.1-185 LOT: 2D5 elm 02-ot-1-2a1-20 LOT: tee 7,290 02-M1-20.1-186 LOT: 186 6.241 02-011-20.1186 LOT: 206 6,875 02-011-20.1-206 LOT: 167 7X0 02-ot-1-20.1-167 LOT: 187 km 02-ot1-20.1-187 LOT: 207 SA13 02-01-1-2o.,-207 162 (���� LOT: 188 7,634 o2-ot-1-20.,168 LOT: ,8e e,250 02-011-20,188 LOT: 208 6,813 02-o11-2Q,-208 163 / `✓ LOT: 169 BA19 02-ot-1-2o.,-169 LOT: 189 6,250 02-ot1-20.,-189 LOT: 209 4737 02-Ot-1-20.1-209 164 // `��� LOT: 170 elmo2-ot1-20.1-170 LOT: 190 6,250 o2-ot1-20.1-190 LOT: 210 8,175 o2-ot1-2o.,-210 LOT: 171 8,705 02-01-1-20.1-171 LOT: 191 6,250 02-011-2o.1-191 LOT: 211 6,250 02-ot-1-20.1-211 165 /// ' /-. ^ LOT: 172 61250 02-01-1-20.1-172 LOT: 102 6,250 02-ot-1-20.1-102 LOT: 212 6,250 02-01-1-20.1-212 166 / '' / -/ // 250` LOT: 173 e, o2-ot-1-20.1173 LOT: 193 GAMo2-ot1-2o.1193 LOT: 213 6,250 02-011-20.,-213 / / ' // ` \ \\ LOT: 174 6.250 02-Ot 1-20.1174 LOT: 194 Um 02-Ot1-2a1194 LOT: 214 mm o2-01-1-2o.1-214 167 // / / 232 LOT: 175 6,250 02-01-1-20.1175 LOT: 195 6,250 02-01-1-20.1-195 LOT: 215 6,250 o2-ot-1-20.1-215 168 // -' / LOT: 176 6,250 02-ot1-20.,176 LOT: 196 e,25o 02-01-1-20.,196 Lor: 216 mm 02-01-1-20.1-216 MATCH LINE I 1.69 /;, / 1171 170 // / �- // 233 231 SEE SHEET 03 I �// 234 �-- -- -�� ' --------- - // 235 230 ` ` LOT TABLE LOT TABLE L- - 236 LOT NO. AREA(SIB ASSESSMENT No. LOT NO. AREA(SQ n ASSESSMENT NO. ,- - ` LOT: 217 6,250 02-01-1-20.1-217 LOT: 237 7,402 0"-1-�1-237 I -- -- -- - - - 237 LOT: 218 8= 02-01-1-2o.1-21e Wr: 238 7,936 02-ot-1-2Q1-238 238 229 LOT: 2t9 6.250 02-ot-,-20.1-Z9 LOT: m 91009 02-Ot-1-2a1-M I 1 ( 1 228 LOT: 220 16,242 02-Ot-1-2a1-220 LOT: 240 11,470 o2-01-1-20.1-240 I , I 241 239 227 ///-' ''/ LOT: 221 OAS 02-ot1 221-2&1- LOT: 241 1$294 02-ot1-2o.1-24, / / ,/ / ' I 172 1 I I 226 / -� / LOT: = 6,s53 o2-Ot-1-2a1-= LOT: 242 6,250 02-Ot-1-20.1-245 �// LOT: 223 619M 02 011-tat-223 LOT: 243 VW o2-ot1-211-243 240 225 // / LOT: =4 s a52 02-011-2O.1-224 LOT: 244 mm 02-M1-20.,-244 1 I 224 / / // LOT: 225 819M 02-01-1-2a,-225 LOT: 245 mm 0"-1-2a1-245 loll , 1 173 1 I I 1 242 223 / 1-1 '' / LOT: 226 6,93 02-o11_2a1-226 LOT: 246 6,250 0"-1-20.1-246 LOT: 227 819M 02 Ot-1-Z01-227 LOT: 247 mm 02-ot-1-2O.1-247 I 1 i' ; 222 // ' ///// LOT: 228 7.496 o2-Ot-l-tat-22s LOT: 24e VW 02-011-tat-24e 174 1 I 1 243 221 // '/ '' i/ /// Lor: 22a 9AW M-M-l-2at-22a LOT: 240 6,250 02-011-20.1-249 LOT: 230 7,375 02-01-1-2o t-23o LOT: 250 mm 02-ot-1-M1-250 00, LOT: 231 7,375 02-ot-1-2o.,-231 LOT: 25, 6,250 M-011-20.1-251 175 ' 1 ' I 244 / / �//// LOT: 232 9,300 02-01-1-2a,-232 LOT: 252 6.250 02-ot-1_2a1-252 I I 1 I I I 220 LOT: 233 7.819 02-Ot-1-2a1-233 LOT: 253 6.250 02-Ot-1-2a1-253 ' I LOT: 234 7.03 02-ot1-2a1-234 LOT: 254 6,250 o2-Ot-,-2a,-254 , 1 ( 1 176 1 I I 1 245 / LOT: 235 7.492 02-01-1-2a1-235 LOT: 255 s,,75 o2-of-1-2a1-255 / LOT: 236 7,493 o2-01-1-20.1-236 177 1 l 1 246 219 ' 1 ( II o ° 1 , I 178 1 247 218Lij 11 I I 1 ; 1 179 1 248 217 1 - -- ---- --- ---` LEGEND: ASSESSED IMPROVEMENTS 1 ' 1 180 I 1 I 249 216 I ' r I (BLOSSOM ROCK TRAIL) 1 1 1 I ( ( I I ( 1 I PARCEL LINE I I I I i 1 iI� I 205 204 203 2021 �I� I II --- --- ROW LINE 181 250 215 , LOT LINE N 1 ---------------- EASEMENT LINE 1 ' I 182 I I 1 I 1 ' ( 1 - - CENTER LINE ° 1 � I I I 251 214 I 1 1 1 100 LOT NUMBER 206 201 1 I I 01-01-1-20. 1-100 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- 183 1 1 I 252 21.3 1 I ( I I DEVELOPMENT UNIT # -PARCEL # -LOT # 207 200 1 1 I ' I 1 184 1 I 253 212 1 1 I I 1 1 1 co ° ( I 1 1 1 1 I I I 1 I ° 1 I 185 I 254 211 1 208 199 1 I I I I I I t I 186 255 210 l 209 198 ' 1 z1 ------------- --------------� ' I 0 CK - � I � Ike M o I 1 3033 N.44th Sul 250, Ioxibt AZ 85018 1 I 187 1.88 189 190 191 192 193 194 195 1,96 197 1 Teft soz.2� � F� r244.8a47 Q I 1 °co 1 co a ----------i -------------------------------------------------- to SUPERSTITION VISTAS N COMMUNITY FACILITIES I Z RAY AVENUE DISTRICT NO. 2 0 _.-.-............._._. _._._.------_._._.............................................................. APACHE JUNCTION, ARIZONA o Contact Arizona 811 at least two full PARCEL NO. 20. 1 (LOTS 157-255) working days before you begin excavation ASSESSMENT AREA NO. 1 80 40 0 80 160 DRAWN BY: JB DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS _j SCALE: 1 "- 80 Call 811 or click Arizona811.com DATE: 03/05/2024 ENT PROD #: 745.029A 04 08 LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA(SVI) ASSESSMENT NO. LOT NO. AREA(SQ.FO ASSESSMENT NO. LOT NO. AREA(SQFn ALIT N0. LOT: 256 12.327 02-M-1-20.1-256 LOT: 275 8,100 02-01-1-20.1-275 Wr: 296 8.100 02-01-1-20.1-296 LOT: 257 8.100 02-M-1-20.1-257 LOT: 277 81100 02-M-1-20.1-277 LOT: 297 81100 02-M-1-20.1-297 LOT: 258 8.100 02-M-1-20.1-258 LOT: 278 61100 02-Ot 1-20.1-278 LOT: 298 96040 02-Ot 1-2a1-298 LOT: 259 8,100 02-01 1-20.1-259 LOT: 2791 12,893 02-M-1-20.1-279 LOT: 209 9,232 02-01-1-20.1-299 LOT: 260 8,100 02-M-1-20.1-260 LOT: 280 10,865 02-01-1-20.1-280 LOT: 300 4100 02-M-1-20.1-300 LOT: 261 8,100 02-M-1-201-261 Wr: 281 12,W2 02-01-1-20.1-281 LOT: m 0,100 02-01-1-20.1-301 256 , , , LOT: 262 8,100 02-011-20.1-282 LOT: 282 8,100 02-01-1-20.1-282 LOT: 302 8,100 02-011-20.1-302 LOT: 263 8,100 02-OI-1-20.1-263 LOT: 283 4100 0"_1-2a1-283 LOT 33 126 0-01-2Q1- 0 257 OT: 24 8,100 0-M-1-20.1-24 LT 34 4100 2-M-1-201-24 OT: 0 10. 5 0-M-1-W-34 LOT: 2 8,100 OT 2 %100 OT3 12,892 02-OL-1- 1-305 258 // LOT: 266 8.100 02r01-1-201-266 LOT: 286 "m 02-01-1-20.1-286 259 ' '- ' LOT: 267 10.105 02-Ot-1-20.1-267 LOT: 287 0,100 02-01-1-201-287 // / LOT: 268 10.195 02-Ohl-20.1-268 LOT: 2BB 8,100 02-01-1-20.1-288 260 //' / - /^` \ LOT: 269 8,100 02-M-1-20.1-259 LOT: 289 8,100 02-01-1-20.1-2g -- / LOT: 270 8,100 02-0h1-20.1-270 LOT: 290 81100 0"-1-20.1-290 261 �' '' \ � �• / \ � LOT: 271 8,100 02-Ot-1-20.1-271 LOT: 291 12,693 o2-01-1-20.1-291 LOT: 272 8,100 02-01-1-20.1-272 LOT: 292 10,805 02-01 1-20.1-292 267 \` ` LOT: 273 8,100 02-OI-1-20.1-273 LOT: 2931 12,693 02-Ot 1-20.1-293 266 \ `� \` LOT: 274 91091 02-0h1-20.1-274 LOT: 204 8,too 02-0h1-20.1-294 LOT: 275 8,100 02-M-1-20.1-275 LOT: 295 8,100 02-01-1-20.1-295 265 264 \ ` cn0 263 262 268 \\ 269 270 271 loll 272 lo" / /�� /�' '273 ' /' \ \ 279 \� 278 -' 277 280 276 275 274 281 282 / / j / \ 283 /'/' / 0 284 oll-- N 285 to \\ , ` \ /�, �/ ' 291 \ / 290 LEGEND: 289 292 \\�� ASSESSED IMPROVEMENTS (BLOSSOM ROCK TRAIL) 288 \ �� 287 \ , PARCEL LINE \ \ --- --- ROW LINE Cn 286 293 LOT LINE N O 294 // -------------- EASEMENT LINE 295 �'''' '/ - - CENTER LINE / -/ r// 100 LOT NUMBER 41 296 /� ( 01-01-1-20. 1-100 DEVE�OPMENTASSESSMENT NUNIT # D-PARCEL-ASSESSMENT 0 AREA #- co 298 y 297 /' / y Ile // /// 303 \ \ 0 302 \ �` to i// \ \ 301 304 \ `\ o \ 300 0 299 o �O 305 \� ke C FmIA 4wM \& 3033 N. 6Oth22�6Su'� Fdc b A78=8 el- w".entelfmom Q 7 N S� E co co to VISTAS N COMMUNITY FACILITIES Z DISTRICT NO. 2 0 APACHE JUNCTION, ARIZONA o Contact Arizona 811 at least two full PARCEL NO. 20. 1 (LOTS 256-305) working days before you begin excavation ASSESSMENT AREA NO. 1 O SHEET TOTAL 80 40 0 80 160 DRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS SCALE: 1 "- 80 Call 811 or click Arizona811.com DATE: 03/05/2024 ENT PROD �: 745.029A 05 08 LOT TABLE LOT TABLE LOr TABLE LOT NO. AREA(90n ALIT No. LOT NO. AREA(SOM ASSESSMENT NO. LOT NO AREA(sl' M ASSESSMENT NO. LOT: 306 a.800 02-011-20.1-308 LOT: 325 8,100 02- 20.1-328 LOT: 346 8,245 02- 20.1-M LOT: 3D7 804 02-Oh1-20.1-307 LOT: 327 8,100 02-01-1-20.1-327 LOT: 347 8,100 02-M-1-20.1-347 325 LOT: 308 BX4 02-01-1-211-308 LOT: 326 9,023 02-Ot-1-20.1-32a LOT: 348 8.100 02-01-1-20.1--34a 306 1 1 LOT: 309 saD4 02-41-1-20.1-309 LOT: 329 9,279 o2-01-1-20.1-329 LOT: 30 81100 02-011-20.1-349 LOT: 310 BA04 02-011-20.1-310 LOT: 330 9AB0 02-011-211-330 LOT: 350 10,195 02-011-211-350 LOT: 311 BA04 02-01-1-20.1-311 LOT: 331 91610 o2-Ot-1-201-331 LOT: 351 1%m 0"-1-20.1-351 MP SNP 350 326 ` 1 1 I LOT: 312 aeo4 02-011-20.1-312 LOT: 332 9,317 02-01-1-2D.1-332 LOT: 352 106665 02-01-1-20.1-352 I LOT: 313 BA04 02-01-1-20.1-313 LOT: 333 9,085 02-01-1-20.1-333 LOT: 353 12,692 0"-1-20.1-353 307 n LOT: 314 BA04 02-M-1-2a1-314 LOT: 334 8,175 02-M-1-20.1-334 LOT: 354 13,440 02-M-1-20.1-354 LOT: 315 BAD4 02-M-1-20.1-315 LOT: 335 8,100 02-Ot-1-2a1-335 LOT: 355 10,134 02-M-1-2a1-355 / 349 327 I LOT: 316 8= 02-M-1-20.1-316 LOT: 336 91100 02-011-20.1-336 LOT: 350 11,350 02-M-1-20.1-356 351 �` ` / 1 I 308 I I LOT: 317 81100 o2-01-1-20.1-317 LOT: 337 1OA32 02-01-1-20.1-337 LOT: 357 1Z693 02-M-1-20.1-357 . // I I I I LOT: 318 atoo 02-011-20.1-31a LOT: 338 1a195 02-M-1-20.1-33a LOT: 358 10.865 02-M-1-20.1-358 348 / / I I I LOT: 319 12,537 02-01-1-20."0 LOT: 339 8,100 02-M1-20.1-339 LOT: 359 Men 02-011-20.1- 59 32 8 ` .1 / ► I I I LOT: 320 8,100 02-01-1-20.1-320 LOT: 340 8.100 02-M-1-20.1-340 LOT: 350 4095 02-M-1-20.1-380 352 `�`� ` `�`� 3 24 �,9 I 3 09 ( ( LOT: 321 a100 02-M-1-20.1-321 LOT: 341 8,100 02-01-1-20.1-341 LOT: 381 4100 o2-M-1-20.1-381 C S �� I I I I LOT: 322 9,819 02-01-1-20.1-322 LOT: 342 61100 02-Ot 1-20.1-342 LOT: 362 81100 02-Ot 1-20.1-362 347 329 �� FFS y� 1 I ( LOT: 323 9,483 02-01-1-20.1-323 LOT: 343 8=9 02-Ot 1-20.1-343 LOT: 353 81100 02-01 1-20.1-363 �` ,` `� `. ` ♦` y� 1,AV� I I I LOT: 324 14,V4 02-M-1-20.1-324 LOT: 344 9.849 02-Ot-,-20.1-344 LOT: 364 4100 02-Ot-,-20.,-384 � F�' III i tI I 1 9,719 10,54323 310 LOT: 2 00 5 3 346 8 02-011-20.1-365 353 330322 J .00, 345 / // 321 1 1 311 j 1 -- / / ♦ `♦ N, 1 1 LOT TABLE LOT TABLE LOT TABLE 331 I'll N, 11� 320 1 1 1 LOT No. MBA(90n ASSESSMENT Na Ft�LOT NO AREA(SQn ASSESSMENT NO. LOT NO. AREA(s4 ASSESSMENT NO. 1., ' / LOT: 366 10,742 02-M-1-20.1-388 LOT: 360 elm02-01-1-20.1-386 LOT: 408 8= 02-01-1-20.1-408 ` / , 312 1 LOT: 357 9,114 02-M-1-20.1-367 LOT: 357 9.370 02-M-1-2.1-397 LOT: 407 8,303 02-M-1-�1-407 332 ` `` �� 319 / / , / / LOT: 368 8,100 02-01-1-20.1-36a LOT: 388 91370 02-01-1-20.1-388 LOT: 409 9,302 02-M-1-20.1-408 IN. / / / LOT: 369 8.100 02-01-1-20.1-389 LOT: 389 OAM 02-011-20.1-M LOT: 409 8.302 o2-M-1-20.1-409 333 •` ` / �� / / / LOT: 370 SON 02-M-1-20.1-370 LOT: 390 11,373 02-01-1-2D1-M LOT: 410 SAM 02-M-1-20.1-410 `♦ `�/ 11%� ` ``-, J /j 313 // j LOT: 371 %444 02-01-1-20.1-371 LOT: 391 10,281 02-011-20.1-391 LOT: 411 9,984 02-01-1-20.1-411 334 � ` ` / / LOT: 372 8.100 02-01-1-20.1-372 LOT: 392 8,485 02-M-1-20.1-392 LOT: 412 11.252 02-01-1-20.1-412 `♦`♦ 344 N. LOT LOT: 373 8.100 02-M-1-20.1- LOT: 393 13,130 02-01 1 -393-2a1 335 LOT: 374 8,100 0"-1-20.1-374 LOT: 394 11,505 02-01-1-20.1-394 ♦ / 314 / / LOT: V5 8,100 02-01-1-20.1-375 LOT: 395 8.108 02-01-1-20.1-395 N, ♦`�` 343 336 ` / / LOT: 376 atop 02-m-1-20.1-376 LOT: 396 8,169 02-01-1-2a1-M LOT: 377 8,100 02-01-,-�.,-377 LOT: 397 a,69 o2-Ot-1-�.1-397 342 337 / 315 / II LOT: VS a100 0"-1-20.1-VS LOT: 398 a169 02-M-1-2D.1-398 ,' // `�♦ `` `� 341 r LOT: 379 1ZO93 02-m-1-2D.1-379 LOT: 309 8,107 02-011-20.1-M / . ` ` / LOT: 380 10,668 02-M-1-20.1-380 LOT: 400 We 02-01-1-20.1-400 354 ``� 340 / / / / LOT: 381 12,892 02-01-1-20.1-381 LOT: 401 0,107 02-011-20.1-401 `� • ` , / 316 / / LOT: 382 0.05 02-01-1-20.1-382 LOT: 402 1ZO92 02-Ot-1-20.1-402 355 ` 339 / / % % LOT: 383 8,370 02-Oh1-20.1-383 LOT: 403 1%865 02-M-1-20.1-403 I-. / r// / LOT: 384 8,370 02-01-1-20.1-384 LOT: 404 1Zm 02-01-1-20.1-404 `NV // / 356 / /' ♦ 338 / / 317 /� / LOT: M 8X0 02-M-1-20.1-385 LOT: 405 em 02-011-20.1-405 Mp• SNP / ' �� 412 / • r ���� 318 410 393 r� r / 358 -�/ 408 / / 359 / �`: . 1/ r LEGEND. '�/ 407 394 / 392 r i / ASSESSED IMPROVEMENTS (BLOSSOM ROCK TRAIL) / / / 406 395 / / / 360 < PARCEL LINE 405 396 /�' �/ 391 368 / / 1 --- --- ROW LINE N 404 397 // r , , 361 LOT LINE ' r ' r/% --------------- EASEMENT LINE `` �` �` 398 / / i 390 369/% / r / / - - CENTER LINE 399 / / 362 v / 100 LOT NUMBER 41 403 400 // '//' 389 370 / / // Q� r 01-01-1-20. 1-9 00 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- �` DEVELOPMENT UNIT # PARCEL # LOT # ` % r` 401 / i 363 j/ ,,/ �/ 388 / ° 0 r Q ` 402 /'- / / /'' 386 371 // ' / 364 385 384 ,�' / '/ / Cij� / / 383 372 365 // �i/ '/' 382 373 � - z (J� .001 / 381 374 // ' y y C� 366 r g ��<� ` �` 375 / �C� 367 / r _ - yM o / Z ` 378 ' �' / . / 3033 N.a4e, Sultty�250, I oxib AZ 85016 Q / '/i /'.1 10�// ` `` r / Tel: 602 2�6entdlus.com 244t8947 .1000 379 101, co 1-11 SUPERSTITION VISTAS / COMMUNITY FACILITIES Z DISTRICT NO. 2 !/' r APACHE JUNCTION, ARIZONA Contact Arizona 811 at least two full PARCEL NO. 20. 1 (LOTS 306-412) working days before you begin excavation ASSESSMENT AREA NO. 1 O SHEET TOTAL 80 40 0 80 160 rem 1DRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS Np Uj SCALE: 1 "= 80 Call 811 or click Arizona811.com DATE: 03/05/024 ENT PROD #: 745.029A 1 06 1 08 LOT TABLE LOT TABLE LOT TABLE LOT TABLE \ LOT No. AREA(MFO ASSESSWOff No. LOT No. AREA(sQ.M ASSESSMENT NO. LOT NO. AREA(M.M ASSESS11O4T NO. LOT NO. AREA(MM ASSESSMENT NO. \ ` LOT: 413 8,772 02-01-1-20.1-413 LOT: 433 0,775 02-0t-1-211-433 LOT: 453 12,693 02-01-1-20.1-453 Wr: 473 10,597 02-M-1-20.1-473 \ ` ` LOT: 414 8,775 02-M-1-20.1-414 LOT: 434 81775 02-M-1-20.1-434 Wr: 454 1%865 02-01-1-20.1-454 LAT: 474 10,597 02-M-1-20.1-474 \ \ LOT: 415 8,775 02-01-1-20.1-415 LOT: 435 011ie 02-01-1-20.1-435 LOT: 455 12,893 02-01-1-20.1-455 LOT: 475 12,893 02-01-1-20.1-475 484 \\ ` LOT: 418 4,775 02-M-1-20.1-416 LOT: 4361 12.802 02-01-1-20.1-436 LOT: 458 1 9,00 02-01-1-20.1-458 LOT: 4701 14,,408 02-01-1-20.1-476 LOT: 417 8.775 02-01 1-20.1-417 LOT: 437 106865 02-01-1-2a1-437 LOT: 457 9,585 02-01 1-2a1-457 LOT: 477 10,057 02-01 1-2a1-477 483 / LOT: 418 12,892 02-M-1-20.1-418 LOT: 438 12,693 02-01-1-20.1-438 LOT: 458 9.885 02-01-1-20.1-458 LOT: 478 10,058 02-01-1-20.1-478 LOT: 419 10,865 02-01-1-20.1-419 LOT: 439 101805 02-01-1-201-439 LOT: 459 9,585 02-01-1-20.1-469 LOT: 479 1%058 02-01-1-20.1-479 482 '/ �• / �/ LOT: 420 12,892 02-01-1-2a1-420 tOT: 440 106125 02-011-20.1-MO LOT: 460 9.590 02-011-20.1-480 LOT: 480 1g057 02-011-20.1-480 // / LOT: 421 SAO 02-01-1-2D.1-421 LOT: 441 1%125 02-01-1-2D.1-441 LOT: 481 12,693 0"-l-2&1-481 LOT: 481 mm 0"-1-20.1-481 481 / / / r LOT: 432 SAM 02-01-1-2.1-422 LOT: M2 10,125 02-01-1-20.1-442 LOT: 482 10,%7 02-01-1-20.1-482 LOT: 482 10057 02-01-1-20.1-482 /' / LOT: 423 8,370 02-01-1-20.1-423 LOT: 443 10,125 02-01-1-20.1-443 LOT: 463 lope 02-Ot-1-20.1-463 LOT: 483 10,058 02-01-1-20.1-483 480 / /^` \ \\ LOT: 424 km 02-01-1-20.1-424 LOT: 04 10AN 02-M-1-20.1-444 LOT: 464 lope 02-M-1-20.1-484 LOT: 484 12,152 02-M-1-20.1-484 479 / /' / / ' \ \ LAT: 4S5 a37o 02-Ot-1-20.1-425 LOT: 445 12,692 02-M-1-2al-445 LOT: 465 10'm 02-01-1-20.1-465 1 / \ \ LOT: 426 8,370 02-01-1-20.1-426 LOT: 446 10,865 02-01-1-2a1-446 LOT: 486 10AM 02-01-1-20.1-486 478 //i 469 \ ` \ LOT: 40 km 02-01-1-20.1-427 LOT: 447 12,692 02-01-1-20.1-447 LOT: 467 12,692 02-01-1-20.1-467 1-1 /' / // ` `` \ Cp LOT: 425 10AM 02-01-1-20.1-428 LOT: 448 9A90 02-011-2a1-448 LOT: 488 1OA65 02-01-1-2a1-488 ' •.1 // \ ` \ .`` LOT: 429 9,118 02-011-20.1-429 LOT: 440 9,585 02-011-2a1-449 LOT: 469 12,893 477 02-011-2a1-469 / / / // \ \ ` \\ LOT: 430 8,775 02-01-1-20.1-430 LOT: 450 940 02-01-1-20.1-450 LOT: 470 1g878 02-01-1-20.1-470 /// loll/ 470 \` `� j LOT: 431 8,775 02-011-2a1-431 LOT: 451 9,585 02-011-2a1-451 LOT: 471 10,597 02-011-20.1-471 476 / ' / / /' 468 \ `� \ LOT: 432 8,775 02-01-1-2a1-432 LOT: 452 9,590 02-01-1-20.1-452 LOT: 472 lw m-01-1-20.1-472 C� 473 467 \ / J 474 466 C \ \ 475 465 � 100, \\ 462 '0000/ \ 461 // 460 �. 446 \ \ / oll -' // 458 /// 457 445 � r // 456 448 �/J �. ro�GN 0 / 455 449 /'loll / 450 /' \ / / / �o / / N \ 454 451 i \` \\ 452 / o /'��'' 444 `\\Lij 453 ;.00,�,j�//' 442lo, LEGEND: \ \ 11 , / // 441 ASSESSED IMPROVEMENTS `v' .1'/ / ' 429 (BLOSSOM ROCK TRAIL) O / / 440 /'' 430 _-- --- PARCEL LINE / 439 ROW LINE Cn 438 431 �/; ���'�N �vy� C ------ LOT LINE loll /// \ --------- EASEMENT LINE \ 432 // to / 0-1 \ - - CENTER LINE (� \ / 428 ` 100 LOT NUMBER 433 /' ' // 427 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- \ 437 434 /� // 01-01-1-20. 1-100 DEVELOPMENT UNIT # -PARCEL # -LOT # 435 //.- / ,• /�' 426 425 l 424co 436 _1 / \ / j / 423 \ //�� / 422 421 420 413 v Cloll414 o o \`�\ ` \ 415 ;' Ike 419 416 ' \ \\\ 417 /� V `� \ / ' v6 Tdi 6�02.244. 582 S FFmmc r22444,8947 16 418loll co ' S co co ,-/ SUPERSTITION VISTAS N > COMMUNITY FACILITIES z 'J DISTRICT NO. 2 APACHE JUNCTION, ARIZONA o Contact Arizona 811 at least two full PARCEL NO. 20. 1 (LOTS 413-484) working days before you begin excavation ASSESSMENT AREA NO. 1 O SHEET TOTAL 80 40 0 80 160 rem 1DRAWN BY: JB DESIGN BY: JB CHECK BY: TC NO: SHEETS Np SCALE: 1 "= 80 Call 811 or click Arizona811.com DATE: 03/05/024 ENT PROD #: 745.029A 07 1 08 LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT No. AREA(SVI) ASSESSMENT No. LOT No. AREA(SQ.FO ASSESSMENT No. LOT No. AREA(SQ.FO ASSESSMENT No. LOT No. AREA(SQF) ASSEsum No. \ LOT: 485 12,343 02-01-1-20.1-485 LOT: 505 10,641 02-01-1-211-505 LOT: 525 10035 02-01-1-2a1-525 LOT: 545 9.460 02-M-1-211-545 \ LOT: 486 9,922 02-Ot 1-20.1-486 LOT: 506 10,395 02-01 1-2a1-506 LOT: 526 10,395 02-Ot 1-2a1-526 LOT: 546 9.460 02-M-1-2a1-548 \ LOT: 487 9X3 02-M-1-20.1-487 LOT: 507 10,395 02-01-1-21M-507 LOT: 527 10,395 02-01 1-21M-527 LOT: 547 9.450 02-Ot 1-21M1 547 LOT: 488 9,923 02-M-1-20.1-488 Wr: 508 10.395 02-OI-1-20.1-508 Wr: 5281 12,400 02-01-1-20.1-528 LOT: 548 9.450 02-01-1-20.1-548 LOT: 489 9,923 02-M-1-201-489 LOT: Sm 10IN5 02-M-1-201-509 LOT: 520 13,141 02-01-1-201-529 LOT: 549 9,450 02-01-1-20.1-549 LOT: 400 9= 02-M-1-20.1-490 LOT: 510 i0em 02-01-1-2D.1-510 LOT: 530 10,mo 02-01-1-20.1-530 LOT: 550 9,450 02-01-1-20.1-550 \ / LOT: 401 9.922 02-01-1-2D.1-491 LOT: 511 12,400 02-01-1-20.1-511 LOT: 531 10,280 02-M-1-2D.1-531 LOT: 551 9,450 02-01-1-20.1-551 LOT: 4021 9,923 02-01-1-20.1-402 LOT: 512 12,400 02-01-1-20.1-512 LOT: 532 1%m 02-Ot-1-20.1-532 LOT: 552 9,460 02-01-1-20.1-552 LOT: 493 9,923 02-01-1-20.1-493 LOT: 513 10A5 02-011-20.1-513 LOT: 5331 10,280 02-01-1-20.1-533 LOT: 5531 9,450 M2 M-1-20.1-553 494 \\ ' / \\ / LOT: 494 12.343 02-01-1-20.1-494 LOT: 514 10,395 02-01-1-20.1-514 L:bT: 534 12,355 02-Ot-1-20.1-534 LOT: 554 9,40 02-Ot-1-20.1-554 LOT: 405 12,490 02-01-1-20.1-495 LOT: 515 10,395 02-011-20.1-515 LOT: 535 12,254 02-01-1-20.1-535 493 \ /�j// \ \ Wr: 406 1OA95 02-M-1-2a1-496 LOT: 516 10,395 02-01-1-20.1-516 Wr: 536 10,mo 02-01-1-20.1-538 LOT: 407 10A95 02-01-1-20.1-497 LOT: 517 10,395 02-M-1-20.1-517 LOT: 537 10,260 02-01-1-20.1-537 492 554 \ \ LOT: 408 10A95 02-01-1-20.1-498 LOT: 518 10,641 02-01-1-20.1-518 LOT: 538 10.mo 02-01-1-20.1-538 // "I., \ \ ` LOT: 409 1OA95 02-Ot 1-20.1-499 LOT: 519 12,693 02-M-1-20.1-519 LOT: 539 101260 02-Ot 1-20.1-539 491 // '//j/%/�"\ \ ` \ \\ ` LOT: 500 1OA95 02-01-1-20.1-500 LOT: 520 10,885 02-01-1-20.1-520 LOT: 540 14000 02-011-20.1-540 /loll / / . / \ ` \ \ LOT: 501 106641 02-01-1-20.1-501 LOT: 521 12,692 02-01-1-20.1-521 LOT: 541 17,826 02-01-1-20.1-541 490 / ./ 'o. / \ \ LOT: 502 12,692 02-01-1-20.1-502 LOT: 522 01 10,641 02- -1-2a1-522 LOT: 542 9.450 02-01-1-20.1-542 � \ \ 553 2 \ LOT: 503 1%865 02-01-1-20.1-503 LOT: 523 1%= 02-01-1- 0.1-523 LOT: 543 17,307 02-01-1-20.1-543 489 495 \` �` \ \ \ LOT: 504 12,892 o2-m-1-20.1-504 LOT: 524 loomo2-m-1-20.1-524 LOT: m4 9.460 1 o2-m-1-20.1-544 488 �.�� 496 \ \ \ /� / �/� 552 \\ \\ 487 , 497 .ol� \ \\ \\ \\ \ 486 ./ / / 498 �� \\ 485 /' '.1 / /'�' 511 \ \ 551 \ � \ ` \ ol�/ / /�/ 499 \ `\\ \ / •' / / / / /� 510 // 509 /' / �` \ 550 \ \ / 501 / \ \ sot sob /� ;' /' \ \\ 507 /' ' /// \ \ \ 549 \\ O> \ 11 ool 503 505 /00, 513 \ \ 548 1-1 \ \ \ \ ` / _1 ./ /'� '' 514 \ \ 504 ool% �' ' 515 \\� \ 547 V A 516 528 \ V \ \ \ 517 527 / \ 546 \\ \\ ./ oo, \ \ �//' 518 526 / j � \ 2 \ `� 519 525 / .-/�/ 'o, \ 545 � y ytf� \ \ 524 j' - /Lij \ \ \ \ 523 j�/ 529 \\ \ 544 \ ` LEGEND: \ \ 522 / / \ ASSESSED IMPROVEMENTS //� / \ \ ` \ (BLOSSOM ROCK TRAIL) o ,, / 531 \ � �� � /�/ \ \ PARCEL LINE \ \ 521 %� .'� 532 ` \ // --- --- ROW LINE loo, 533 540 / / \`v�' 6 ------ LOT LINE \\` \ \` //�'' \ \ •' �G`` -� O --------- EASEMENT LINE \ \ 534 539 J, `v`P rJ.N - - CENTER LINE � `A`� \\ �G 100 LOT NUMBER / ��•`" Oro \ 538 / 01-01-1-20. 1-900 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- / DEVELOPMENT UNIT # -PARCEL # -LOT # \ 536 1L \\ ' 535 541 v z o 0 542 0 Ike 1 543 1 us M 3033 N. ul 2 b AZ 8=8 TeL th2 6S 0& o24k8947AV �E 06 co co co SUPERSTITION VISTAS N COMMUNITY FACILITIES Z DISTRICT NO. 2 0 APACHE JUNCTION, ARIZONA o Contact Arizona 811 at least two full PARCEL NO. 20. 1 (LOTS 485-554) working days before you begin excavation ASSESSMENT AREA NO. 1 80 40 0 80 160 DRAWN BY: JB DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS SCALE: 1 "- 80 Call 811 or click Arizona811.com DATE: 03/05/2024 ENT PROD #: 745.029A 08 08 SUPERSTITION VISTAS CFD NO 2. ROLL CALL DATE: YES EXCUSED NO CHAIRPERSON WILSON ✓ VICE CHAIRPERSON SCHROEDER f BOARDMEMBER CROSS BOARDMEMBER HECK V/' BOARDMEMBERJOHNSON BOARDMEMBER NESSER - BOARDMEMBER SOLLER District Manager Bryant Powell Assistant District Manager Matt Busby ✓ District Clerk Jennifer Pena Deputy District Clerk Evie McKinney District Attorney Joel Stern District Director Mike Loggins District Treasurer Connie Chow District Administrative Assistant Rita Vineyard District Billing Supervisor Stacey Ramirez District Controller Connie Chow Utility Director Ted Wolff District Project Manager Charles Briggs Public Information Officer Al Bravo Finance Kimberly Heldt S:\Templates&Forms\Roll Call-SVCFD NO 2-Attendance.doc SUPERSTION VISTAS CFD_NO 2. VOTE - ROLL CALL NOTES: kn.! Z-f�►-Z� ITEM # II MEETING OF MOTION BY: �OY161�Ck1 SECONDED BY: s,w//n YES NO ABSTAINED BOARD MEMBERS: / BOARDMEMBER SOLLER V VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEMBER JOHNSON / CHAIRPERSON WILSON 1/ TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL C.P Vote sheet 1 s:\templates&forms\vote call -svcfd no 2.docx City of 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. 2 Tuesday, March 19,2024 6:00 PM City Council Chambers A. Call to Order B. Roll Call - C. Agenda Items 1. 24-110 Approval of minutes of special meeting of December 19, 2023. �� � �u 2. 24-111 Presentation, discussion and public hearing on the feasibility report for a proposed project to be financed by the issuance of the Superstition Vistas Community Facilities District No 2.Assessment Area No. 1 Special Bond. 3. 24-112 Presentation, discussion and consideration of Resolution No. 2024-001 SVCFD No. 2, a resolution of the district board of the Superstition Vistas Community Facilities District No. 2 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. 1; and ordering the public infrastructure projects performed. 4. 24-113 Presentation, discussion and consideration of Resolution No. 2024-002 SVCFD No. 2, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 approving the levying of an assessment and assessment diagram for Assessment Area No. 1 within the district. D. District Manager Report E. District Director Report - Presentation and discussion of the following items: F. District Treasurer Report - Presentation and discussion City of Apache Junction,Arizona Page 1 Printed on 3/14/2024 Superstition Vistas Community Special Meeting Agenda _ March 19,2024 Facilities District No.2 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 311412024 P Q J ` CITY OF APACHE JUNCTION o ti _ z SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 4RlZoNP Tuesday, March 19; 2024 :.A:: CALL TO-ORDER ,I would like-to call the Superstition Vistas Comm nityFaciI fties District No. 2- : , E: !Meeting of March 19, 2024, to.order. B. - ROLL CALL . Roll Call C. AGENDA A. Consideration of approval. of the minutes of.the special: meeting of December 19, 2023 Do] have a motion?% :wait for the motion and the 2n . Roll.Ca!! 2..Presentation, discussion, and-PUBLIC HEARING regarding the feasibility... report for a proposed project to be financed by the issuancb:bf the Superstition Vistas Community Facilities District No.2 Assessment:Area No. 1 Special Assessment Bonds. ; Call on:Zach Sakas:CFDCounsel Any discussion among the board?! board can discuss- [Will--now open the-PUBLIC HEARING: Would anyone like to speak on these items?� public:can.speak for 5 minutes !.will now close the public hearingj.. There is no !motion on this item. 3: Presentation.;:d.iscussion and consideration:of Resolution No. 2024-001:SVCFD No. 2, relating to approval of the feasibility report: Call on:Zach Any discussion among.the board?i Board can discuss: Do I have.a. motio_n . . : Waif for the motion and second. Roll Call 4. Presentation;;..:discussion,::.and consideration of Resolution No. 2024-002 SVCFD No. 2, 'a resolution approving the levying of an assessment and - assessment diagram for Assessment Area. No. 1 within the district. l-Call on'Zach .Any:discussion:among thip boardl Board can discuss: Do I have a_motion? Wait for the motion and second. Roll Call E: DISTRICT MANAGER REPORT--none F: DISTRICT DIRECTOR REPORT- none G. DISTRICT:TREASURER REPORT - none N. ADJOURNMENT: 2024.1. believe our.next meeting will be April1 w. 9; Meeting Adjourned SUPERSTION VISTAS CFD NO 2. VOTE - ROLL CALL NOTES: ITEM # MEETING OF MOTION BY: Sb�k-er SECONDED BY: YES NO ABSTAINED BOARD MEMBERS: / BOARDMEMBER CROSS 1/ BOARDIVIEMBER NESSER BOARDMEMBER SOLLER 1/ BOARDMEMBER JOHNSON VICE CHAIRPERSON SCHROEDER BOARDMEMBER HECK ✓ CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 3 s:\templates&forms\vote call -svcfd no 2.docx SUPERSTION VISTAS CFD NO 2. VOTE - ROLL CALL NOTES: mak e(d Liao nk. t 5s2d (o t�w e. cmc. a Pen P ITEM # MEETING OF MOTION BY: "erg . SECONDED BY: &4^ YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER NESSER BOARDMEMBER JOHNSON BOARDMEMBER CROSS v BOARDMEMBER HECK U BOARDMEMBER SOLLER ✓ VICE CHAIRPERSON SCHROEDER CHAIRPERSON WILSON V TOTAL UNANIMOU IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 2 s:\templates&forms\vote call -svcfd no 2.docx 03/17:9/202'4;,MOTI0NS-) ITEM NO. 1 - APPROVAL OF MINUTES I MOVE THAT THE MINUTES OF THE DECEMBER 19, 2023, SPECIAL MEETING (BE APPROVED) OR (BE DENIED). ITEM NO.°3 I MOVE THAT RESOLUTION NO. 2024-001 SVCFD NO.2 A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 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. 1; AND ORDERING THE PUBLIC INFRASTRUCTURE PROJECTS PERFORMED. (BE APPROVED) OR (BE DENIED). ITEM NO. 4 1 MOVE THAT RESOLUTION NO. 2024-002 SVCFD NO.2, A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 APPROVING THE LEVYING OF AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT AREA NO. 1 WITHIN THE DISTRICT. (BE APPROVED) OR (BE DENIED).