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HomeMy WebLinkAbout2022 02.15 SVCFD 2Superstition Vistas Community Facilities District No. 2 City of Apache Junction, Arizona Agenda City Council Chambers 300 E Superstition Blvd Apache Junction, AZ 85119 apachejunctionaz.gov Ph: (480) 982-8002 City Council Chambers5:30 PMTuesday, February 15, 2022 A.Call to Order B.Roll Call C.Agenda Items 1.22-116 Consideration of approval of minutes of the meeting of November 16th. 20210116 SVCFD 2 minutesAttachments: 2.22-069 Consideration for approval of Resolution No. 2022-001 SVCFD No 2, a resolution canvassing, declaring and adopting the results of the General Obligation Bond and Operation and Maintenance Ad Valorem Tax Election held on February 2, 2022 for the Superstition Vistas Community Facilities District No. 2 and adopting and ordering the recording of a Certificate of Result for such election. RES - SV CFD 2 - Resolution canvassing results Election Certification - SV CFD 2 Attachments: 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 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. Page 1 City of Apache Junction, Arizona Printed on 2/8/2022 1 Agenda Item Cover Sheet City of Apache Junction, Arizona 300 E Superstition Boulevard Apache Junction, AZ 85119 File ID: 22-116 Agenda Item No. 1. Agenda Date: 2/15/2022 Sponsor: In Control: Superstition Vistas Community FacilitIndex: Page 1 City of Apache Junction, Arizona Printed on 2/8/2022 2 City Council Chambers 300 E Superstition Blvd Apache Junction, AZ 85119 apachejunctionaz.gov Ph: (480) 982-8002 City of Apache Junction, Arizona Meeting Minutes Superstition Vistas Community Facilities District No. 2 6:00 PM City Council Chambers 300 E Superstition Boulevard Apache Junction, AZ 85119 Call to OrderA. Chair Wilson called the meeting to order at 6:20 pm. Roll CallB. Chairperson Wilson, Vice Chair Rizzi, Boardmember Evans, Boardmember Gremmel, Boardmember Schroeder, and Boardmember Nesser Present 6 - Boardmember BiggsExcused1 - Staff in attendance Bryant Powell, District Manager Matt Busby, Assistant District Manager Jennifer Pena, District Clerk Joel Stern, District Legal Counsel Mike Loggins, Water District Director Evie McKinney, Water District Utility Billing Supervisor Rita Vineyard, Water District Administrative Assistant Leslie DeReche, District Treasurer Al Bravo, Public Information Officer Agenda ItemsC. 1.21-644 Presentation, discussion and consideration of Resolution No. 2021-001 SVCFD NO. 2, a resolution of the board of directors of Superstition Vistas Community Facilities District No. 2 appointing district officers; approving the general plan; taking certain other actions with regard to organization of the district; ordering and calling a special bond and operation and maintenance ad valorem tax election for the district; approving and authorizing the execution and delivery of a district development, financing participation, waiver and intergovernmental agreement; and approving and authorizing the execution and delivery of an intergovernmental agreement. Boardmember Gremmel moved, seconded by Boardmember Nesser that Resolution No. 2021-001 SVCFD No. 2, a resolution of the board of directors of Superstition Vistas Community Facilities District No. 2 appointing district officers; approving the general plan; taking certain other actions with regard to organization of the district; ordering and calling a special bond and operation and maintenance ad valorem tax election for the district; approving and authorizing the execution and delivery of a district development, financing participation, waiver and intergovernmental agreement; and approving and authorizing the execution and delivery of an intergovernmental Page 1City of Apache Junction, Arizona 3 November 16, 2021Superstition Vistas Community Facilities District No. 2 Meeting Minutes agreement. Yes:Chairperson Wilson, Vice Chair Rizzi, Boardmember Evans, Boardmember Gremmel, Boardmember Schroeder and Boardmember Nesser 6 - No:0 Excused:Boardmember Biggs1 - City Attorney Stern introduced Zach Sakas of Sherman and Howard, the city's outside counsel for the community facilities district. Mr. Sakas explained the resolution and how it affects the district and city. Chair Wilson called for a motion. Public HearingD. District Manager ReportE. District Director ReportF. District Treasurer ReportG. AdjournmentH. Chairperson Wilson adjourned the meeting at 6:38 p.m. ACCEPTED THIS DAY OF , 2022, BY THE CHAIR PERSON AND DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 , (CITY OF APACHE JUNCTION, ARIZONA). SIGNED AND ATTESTED TO THIS DAY OF , 2022. WALTER “CHIP” WILSON Chairperson ATTEST: JENNIFER PENA District Clerk Page 2City of Apache Junction, Arizona 4 November 16, 2021Superstition Vistas Community Facilities District No. 2 Meeting Minutes 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 regular meeting of Superstition Vistas Community Facilities District No. 2 of the City of Apache Junction, Arizona, held on the 16th day of November, 2021. I further certify that the meeting was duly called and held and that a quorum was present. Dated this day of , 2022. JENNIFER PENA District Clerk Page 3City of Apache Junction, Arizona 5 Agenda Item Cover Sheet City of Apache Junction, Arizona 300 E Superstition Boulevard Apache Junction, AZ 85119 File ID: 22-069 Agenda Item No. 2. Agenda Date: 2/15/2022 Sponsor: In Control: Superstition Vistas Community FacilitIndex: Consideration for approval of Resolution No. 2022-001 SVCFD No 2, a resolution canvassing, declaring and adopting the results of the General Obligation Bond and Operation and Maintenance Ad Valorem Tax Election held on February 2, 2022 for the Superstition Vistas Community Facilities District No. 2 and adopting and ordering the recording of a Certificate of Result for such election. Page 1 City of Apache Junction, Arizona Printed on 2/8/2022 6 RESOLUTION NO. 2022-001 SVCFD NO. 2 PAGE 1 OF 4 RESOLUTION NO. 2022-001 SVCFD NO. 2 A RESOLUTION DECLARING THE RESULTS OF AND ADOPTING A CERTIFICATE OF RESULT OF THE GENERAL OBLIGATION BOND AND OPERATION AND MAINTENANCE AD VALOREM TAX ELECTION HELD IN AND FOR THE DISTRICT AND ORDERING THE RECORDING OF SUCH CERTIFICATE NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, AS FOLLOWS: SECTION 1 FINDINGS A. Superstition Vistas Community Facilities District No. 2 (the “District”) is authorized (1) by Arizona Revised Statutes, as amended (“A.R.S.”), Section 48-719, to issue and sell general obligation bonds of the District to provide moneys for certain “public infrastructure” and “public infrastructure purposes” consistent with the “general plan” of the District (as such terms are defined in A.R.S. Title 48, Chapter 4, Article 6 (the “Act”)); and (2) by A.R.S. Section 48-723 to levy an ad valorem tax to provide for the payment of the District’s operation and maintenance expenses. B. Such general obligation bonds may not be issued and such ad valorem tax to pay operation and maintenance expenses may not be levied, unless approved at an election ordered and called to submit to the qualified electors of the District (hereinafter referred to as “qualified electors”) or to those persons who are qualified to vote pursuant to A.R.S. Section 48-707(G), being, if no person has registered to vote within the District within fifty (50) calendar days immediately preceding any scheduled election date, the owners of land within the District who are qualified electors of the State of Arizona and other landowners according to A.R.S. Section 48-3043 (the “Landowners” and in either case referred to collectively as the “Electors”), the question of authorizing the Board of Directors of the District (the “District Board”) to issue such general obligation bonds for such purposes set forth in the ballot and the question authorizing the District Board to levy such ad valorem tax to pay operation and maintenance expenses. C. The District Board deemed it necessary and advisable to order and call such an election and to establish the procedures whereby such election should be held; and did so pursuant to Resolution No. 2021-001 SVCFD NO. 2, passed and 7 RESOLUTION NO. 2022-001 SVCFD NO. 2 PAGE 2 OF 4 adopted by the District Board on November 16, 2021, ordering and calling a general obligation bond and operation and maintenance ad valorem tax election, which provided that a special election, in and for the District, be held on February 2, 2022 (the “Election”). No person had registered to vote within the District within fifty (50) calendar days immediately preceding the Election or at any other time prior to the Election. On February 2, 2022, there was submitted to the Electors of the District the questions set forth in the official ballot described in Resolution No. 2021-001 SVCFD NO. 2. D. The election board for the Election has filed with the District Board its returns of Election and the ballots cast at the polling place, and, within fourteen (14) calendar days after the Election, the District Board has canvassed the returns of the Election and determined: (1) that no persons who would constitute resident qualified electors resided in the District; (2) that Landowners of land within the District were eligible to vote in accordance with A.R.S. Sections 48-707(G) and 48-3043; (3) that the total number of votes eligible to be cast (equal to the number of acres or portions thereof rounded upward to the nearest one-fifth of an acre) equaled 1,408 acres; provided, however, that pursuant to A.R.S. Section 48-3043(A) no Landowner may vote more than 1,280 votes. (4) that one ballot representing all of the acres in the District (1,408 acres, as modified per A.R.S. 48-3043(A) to 1,280 votes) had been cast by Landowners in response to Question No. 1, that 1,280 votes were marked “Bonds, Yes” and -0- votes were marked “Bonds, No”; (5) that one ballot representing all of the acres in the District (1,408 acres, as modified per A.R.S. 48-3043(A) to 1,280 votes) had been cast by Landowners in response to Question No. 2, that 1,280 votes were marked “Tax, Yes” and -0- votes were marked “Tax, No”; (6) that the Election had been conducted and the returns thereof made as required by law; and 8 RESOLUTION NO. 2022-001 SVCFD NO. 2 PAGE 3 OF 4 (7) that only qualified electors (none) and Landowners of land within the District were permitted to vote at the Election. SECTION 2 CANVASS After careful examination of the official returns of the Election, it is found and determined by the District Board as follows: A. That a majority of the votes cast by the Electors voting at the Election voted in favor of both Question No. 1 and Question No. 2 shown on Exhibit A attached hereto. B. That up to and including $400,000,000 aggregate original principal amount of general obligation bonds are therefore authorized to be issued and sold by the District Board, and that the District Board has been authorized to levy and collect an annual ad valorem tax on the net assessed limited property value of all real and personal property in the District at a rate of not to exceed thirty cents ($0.30) per one hundred dollars ($100) of net assessed limited property valuation, such taxes to be applied to the operation and maintenance expenses of the District; C. That the Chairman of the District Board shall execute, and the District Clerk attest, the “Certificate of Results of Election” attached as Exhibit B hereto; and D. That the District Clerk is hereby directed to record the attached “Certificate of Results of Election” in the Office of the County Recorder of Pinal County, Arizona; to return said copy with the recording date shown therein to the official records of the District; and to provide a copy thereof to the Arizona Department of Real Estate. SECTION 3 Effective Date This resolution shall be effective immediately. 9 RESOLUTION NO. 2022-001 SVCFD NO. 2 PAGE 4 OF 4 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, THIS __ DAY OF FEBRUARY, 2022. SIGNED AND ATTESTED TO THIS ____ DAY OF FEBRUARY, 2022. WALTER “CHIP” WILSON : 10 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT A EXHIBIT A Number of acres owned 1,408; modified to 1,280 votes per A.R.S. 48-3043(A) OFFICIAL BALLOT GENERAL OBLIGATION BOND AND OPERATION AND MAINTENANCE AD VALOREM TAX SPECIAL ELECTION FOR SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 February 2, 2022 Question No. 1 Shall the Board of Directors (the “Board”) of Superstition Vistas Community Facilities District No. 2 (the “District”) be authorized to issue general obligation bonds of the District, in the denominations, series and form prescribed by the Board, and having the maturities (not exceeding twenty-five years (25) years), interest payment dates and interest rates, whether fixed or variable, not exceeding twelve percent (12%) per annum, established by the Board and containing such other terms, conditions, covenants and agreements as the Board deems proper, in the maximum amount of not to exceed four hundred million dollars ($400,000,000.00) to provide monies: (A) (1) for planning, design, engineering, construction, acquisition or installation of any or all of the following improvements, including necessary or incidental work, whether newly constructed, renovated or existing, and all necessary or desirable appurtenances (“public infrastructure”): (a) sanitary sewage systems, including collection, transport, storage, treatment, dispersal, effluent use and discharge; (b) drainage and flood control systems, including collection, transport, diversion, storage, detention, retention, dispersal, use and discharge; (c) water systems for domestic, industrial, irrigation, municipal or fire protection purposes including production, collection, storage, treatment, transport, delivery, connection and dispersal, but not including facilities for agricultural irrigation purposes unless for the repair or replacement of existing facilities when required by other improvements described herein; (d) highways, streets, roadways and parking facilities including all areas for vehicular use for travel, ingress, egress and parking; (e) areas for pedestrian, equestrian, bicycle or other nonmotor vehicle use for travel, ingress, egress and parking; (f) pedestrian malls, parks, recreational facilities other than stadiums, and open space areas for the use of members of the public for entertainment, assembly and recreation; (g) landscaping, including earthworks, structures, lakes and other water features, plants, trees and related water delivery systems; (h) public buildings, public safety facilities and fire protection facilities; (i) lighting systems; (j) traffic control systems and devices, including signals, controls, markings and signage; and (k) equipment, vehicles, furnishings and other personalty related to such items; (2) acquiring, converting, renovating or improving existing facilities for public infrastructure; (3) acquiring interests in real property for public infrastructure; (4) establishing, maintaining and replenishing reserves to secure payment of debt service on bonds; (5) funding and paying from bond proceeds interest accruing on bonds for a period of not to exceed three (3) years from their date of issuance; (6) refinancing any matured or unmatured bonds with new bonds; (7) public infrastructure not otherwise described above constructed within or outside the boundaries of the District following the Board’s determination that such public infrastructure benefits the real property owners within the District and (8) expenses of the District incident to and reasonably necessary to carry out the purposes specified in this paragraph (clauses (1) through (8), inclusive, being “public infrastructure purposes”); and (B) for repaying all or part of the amounts advanced by landowners for public infrastructure purposes set forth above; such bonds shall be payable from a tax levied and collected annually on all taxable property in the District, sufficient to pay interest on such bonds when due and to redeem such bonds when they mature, as authorized by the Constitution and laws of the State of Arizona, including particularly (but not by way of limitation) Title 48, Chapter 4, Article 6, Arizona Revised Statutes, together with all amendments and additions thereto? The voter shall place a mark in the square opposite the words “Bonds, Yes” or “Bonds, No”, whichever words express the voter’s choice. BONDS, YES □ BONDS, NO □ 11 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT A Question No. 2 Shall the Board of Directors of Superstition Vistas Community Facilities District No. 2 (the “District”) be authorized to levy and collect an annual ad valorem tax on the net assessed limited property value of all real and personal property in the District at a rate not to exceed thirty cents (30¢) per one hundred dollars ($100) of net assessed limited property valuation of all real and personal property in the District, such taxes to be applied to the operation and maintenance expenses of the District, in accordance with the Constitution and laws of the State of Arizona, including particularly (but not by way of limitation) Section 48-723, Arizona Revised Statutes, as amended? The voter shall place a mark in the square opposite the words “Tax, Yes” or “Tax, No”, whichever words express the voter’s choice. TAX, YES □ TAX, NO □ NOTICE TO VOTERS: The voter shall indicate his vote on each question by inserting a mark in the square opposite the phrase which expresses his choice. Only qualified electors of the District are eligible to vote at this special election. The voter understands that the vote cast will constitute the vote for all of the acres owned by the voter. 12 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT A Número de acres en propiedad 1,408; modificado a 1,280 votos por A.R.S. 48-3043(A) BOLETA OFICIAL ELECCIÓN ESPECIAL DE BONOS DE OBLIGACIÓN GENERAL E IMPUESTOS DE OPERACIÓN Y MANTENIMIENTO AD VALOREM PARA EL DISTRITO NÚM. 2 DE LAS INSTALACIONES COMUNITARIAS SUPERSTITION VISTAS 2 de febrero de 2022 Pregunta Núm. 1 ¿Se debe autorizar a la Junta Directiva (la “Junta”) del Distrito Núm. 2 de las Instalaciones Comunitarias de Superstition Vistas (el “Distrito”) a emitir bonos de obligación general del Distrito, en las denominaciones, series y forma prescritas por la Junta, y teniendo vencimientos (no superiores a veinticinco (25) años), fechas de pago de intereses y tasas de interés, ya sean fijas o variables, que no excedan el doce por ciento (12%) anual, establecidos por la Junta y que contengan los demás términos, condiciones, pactos y acuerdos que la Junta considere apropiados, en la cantidad máxima que no exceda cuatrocientos millones de dólares ($400,000,000.00) para proporcionar dinero: (A) (1) para la planificación, el diseño, la ingeniería, la construcción, la adquisición o la instalación de cualquiera o todas las mejoras siguientes, incluyendo el trabajo necesario o incidental, ya sea de construcciones nuevas, renovadas o existentes, y todos los accesorios necesarios o deseables (“infraestructura pública”): (a) sistemas de alcantarillado sanitario, incluyendo la recolección, el transporte, el almacenamiento, el tratamiento, la dispersión, el uso y la descarga de efluentes; (b) sistemas de drenaje y control de inundaciones, incluyendo la recolección, el transporte, el desvío, el almacenamiento, la detención, la retención, la dispersión, el uso y la descarga; (c) sistemas de agua para fines domésticos, industriales, de riego, municipales o de protección contra incendios, incluyendo la producción, la recolección, el almacenamiento, el tratamiento, el transporte, la entrega, la conexión y la dispersión, pero sin incluir las instalaciones para fines de riego agrícola, a menos que sea para la reparación o el reemplazo de instalaciones existentes cuando sea necesario por otras mejoras descritas en este documento; (d) autopistas, calles, calzadas e instalaciones de estacionamiento, incluyendo todas las áreas de uso vehicular para viajes, ingresos, salidas y estacionamientos; (e) áreas para uso peatonal, ecuestre, de bicicletas u otro vehículo no motorizado para viajes, ingresos, salidas y estacionamientos; (f) áreas peatonales, parques, instalaciones recreativas que no sean estadios y áreas de espacio abierto para el uso de miembros del público para entretenimiento, reunión y recreación; (g) jardinería, incluyendo movimientos de tierras, estructuras, lagos y otras características de agua, plantas, árboles y sistemas de suministro de agua relacionados; (h) edificios públicos, instalaciones de seguridad pública e instalaciones de protección contra incendios; (i) sistemas de iluminación; (j) sistemas y dispositivos de control del tráfico, incluyendo señales, controles, marcas y señalización; y (k) equipos, vehículos, mobiliario y otros bienes muebles relacionados con dichos artículos; (2) adquirir, convertir, renovar o mejorar las instalaciones existentes para la infraestructura pública; (3) adquirir de intereses en bienes inmuebles para infraestructura pública; (4) establecer, mantener y reponer reservas para asegurar el pago del servicio de la deuda en bonos; (5) financiar y pagar los ingresos de los bonos devengados por los bonos por un período que no mayor de tres (3) años a partir de su fecha de emisión; (6) refinanciar cualquier bono vencido o no maduro con nuevos bonos; (7) infraestructura pública no descrita anteriormente construida dentro o fuera de los límites del Distrito después de la determinación de la Junta de que dicha infraestructura pública beneficia a los propietarios de bienes raíces dentro del Distrito y (8) gastos del Distrito correspondientes y razonablemente necesarios para llevar a cabo los fines especificados en este párrafo (cláusulas (1) a (8), inclusive, siendo "fines de infraestructura pública"); y (B) para reembolsar la totalidad o parte de las cantidades adelantadas por los propietarios de tierras para los fines de infraestructura pública establecidos anteriormente; dichos bonos serán pagaderos de un impuesto recaudado y recolectado anualmente sobre todas la propiedades gravables en el Distrito, suficiente para pagar intereses sobre dichos bonos cuando venzan y para amortizar dichos bonos cuando maduren, según lo autorizado por la Constitución y las leyes del Estado de Arizona, incluyendo particularmente (pero no a modo de limitación) el Título 48, Capítulo 4, Artículo 6, de los Estatutos Revisados de Arizona, junto con todas las enmiendas y adiciones a los mismos? El votante colocará una marca en el cuadrado frente a las palabras "Bonos, Sí" o "Bonos, No", cualquiera que sea la palabra que exprese la elección del votante. BONOS, SÍ □ BONOS, NO □ 13 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT A Pregunta Núm. 2 ¿Se debe autorizar a la Junta Directiva del Distrito Núm. 2 de las Instalaciones Comunitarias de Superstition Vistas (el “Distrito”) a recargar y recaudar un impuesto anual ad valorem sobre el valor neto de propiedad limitada tasada de todos los bienes inmuebles y personales en el Distrito a una tasa no mayor de treinta centavos (30¢) por cien dólares ($100) de valoración neta de propiedad limitada tasada de todos los bienes inmuebles y personales en el Distrito, dichos impuestos se aplicarán a los gastos de operación y mantenimiento del Distrito, de acuerdo con la Constitución y las leyes del Estado de Arizona, incluyendo particularmente (pero no a modo de limitación) la Sección 48-723, de los Estatutos Revisados de Arizona, según enmienda? El votante colocará una marca en el cuadrado frente a las palabras "Impuesto, Sí" o "Impuesto, No", cualquiera que sea la palabra que exprese la elección del votante. IMPUESTO, SÍ □ IMPUESTO, NO □ AVISO A LOS VOTANTES: El elector indicará su voto sobre cada pregunta insertando una marca en el cuadrado opuesto a la frase que expresa su elección. Solo los electores calificados del Distrito son elegibles para votar en esta elección especial. El votante entiende que el voto emitido constituirá el voto para todos los acres propiedad del votante. 14 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT B EXHIBIT B When recorded, return to: Zachary D. Sakas, Esq. Sherman & Howard L.L.C. 7033 East Greenway Parkway, Suite 250 Scottsdale, Arizona 85254-2080 CERTIFICATE OF RESULTS OF ELECTION BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, RELATIVE TO THE SPECIAL ELECTION HELD ON FEBRUARY 2, 2022. The Board of Directors (the “District Board”) of Superstition Vistas Community Facilities District No. 2 (the “District”), hereby certifies as follows: 1. Pursuant to the resolution passed and adopted by the District Board on November 16, 2021, an election was duly called and held on February 2, 2022, for the purpose of authorizing the issuance and sale by the District Board of general obligation bonds of the District in the aggregate original principal amount of $400,000,000 and approving the levy of an ad valorem tax for payment of operation and maintenance costs in the District. 2. The election has been conducted and the official returns thereof have been filed as required by law and the total number of votes cast at the special bond election in answer to the question submitted were as follows: QUESTION NUMBER VOTES, YES VOTES, NO Question 1- $400,000,000 General Obligation Bonds 1,280 0 Question 2- Operation and Maintenance Tax 1,280 0 3. Each and every person who voted at the special election was a lawful elector of the District. 4. The majority of the votes cast at the election was in favor of the issuance and sale of the District’s general obligation bonds as described in the official ballot. 15 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT B 5. The majority of the votes cast at the election was in favor of the levy of the ad valorem tax to provide for payment of the operation and maintenance expenses of the District as described in the official ballot. IN WITNESS WHEREOF, the Chairman of the Board of Directors of Superstition Vistas Community Facilities District No. 2 has hereunto placed his hand and caused the same to be attested by the District Clerk on _____________, 2022. ________________________________ Walter “Chip” Wilson Chairman, Board of Directors ATTEST: ___________________________________ Jennifer Pena District Clerk THIS DOCUMENT MUST BE RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF PINAL COUNTY, ARIZONA, AND A COPY OF THIS DOCUMENT, ONCE RECORDED, SHALL BE FILED WITH THE ARIZONA DEPARTMENT OF REAL ESTATE. 16 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT B When recorded, return to: Zachary D. Sakas, Esq. Sherman & Howard L.L.C. 7033 East Greenway Parkway, Suite 250 Scottsdale, Arizona 85254-2080 CERTIFICATE OF RESULTS OF ELECTION BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, RELATIVE TO THE SPECIAL ELECTION HELD ON FEBRUARY 2, 2022. The Board of Directors (the “District Board”) of Superstition Vistas Community Facilities District No. 2 (the “District”), hereby certifies as follows: 1. Pursuant to the resolution passed and adopted by the District Board on November 16, 2021, an election was duly called and held on February 2, 2022, for the purpose of authorizing the issuance and sale by the District Board of general obligation bonds of the District in the aggregate original principal amount of $400,000,000 and approving the levy of an ad valorem tax for payment of operation and maintenance costs in the District. 2. The election has been conducted and the official returns thereof have been filed as required by law and the total number of votes cast at the special bond election in answer to the question submitted were as follows: QUESTION NUMBER VOTES, YES VOTES, NO Question 1- $400,000,000 General Obligation Bonds 1,280 0 Question 2- Operation and Maintenance Tax 1,280 0 3. Each and every person who voted at the special election was a lawful elector of the District. 4. The majority of the votes cast at the election was in favor of the issuance and sale of the District’s general obligation bonds as described in the official ballot. 17 RESOLUTION NO. 2022-001 SVCFD NO. 2 EXHIBIT B 5. The majority of the votes cast at the election was in favor of the levy of the ad valorem tax to provide for payment of the operation and maintenance expenses of the District as described in the official ballot. IN WITNESS WHEREOF, the Chairman of the Board of Directors of Superstition Vistas Community Facilities District No. 2 has hereunto placed his hand and caused the same to be attested by the District Clerk on _____________, 2022. ________________________________ Walter “Chip” Wilson Chairman, Board of Directors ATTEST: ___________________________________ Jennifer Pena District Clerk THIS DOCUMENT MUST BE RECORDED IN THE OFFICE OF THE COUNTY RECORDER OF PINAL COUNTY, ARIZONA, AND A COPY OF THIS DOCUMENT , ONCE RECORDED, SHALL BE FILED WITH THE ARIZONA DEPARTMENT OF REAL ESTATE. 18