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2026.01.20 SVCFD1
rP�CkE� City Council Chambers City of Apache Junction, Arizona 300 E Superstition Blvd +� 01 Apache Junction,AZ 85119 Special Meeting Agenda \gilONr apachejunctionaz.gov Superstition Vistas Community Ph:(480)982-8002 Facilities District No. 1 Doors are open to the public at least 15 minutes prior to the posted meeting start time. Tuesday,January 20,2026 6:30 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 25-647 Consideration of approval of minutes of the special meeting of November 18, 2025. Attachments: SVCFD1MIN 202511 18 DRAFT 2. 25-648 Conduct a public hearing on the feasibility report for a proposed project to be financed by the issuance of the Superstition Vistas Community Facilities District No. 1 Assessment Area No. 7 Special Assessment Bonds. 3. 25-649 Presentation, discussion and consideration of Resolution No. SVCFD1 2026-001, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 relating to approval of the feasibility report for the acquisition and financing of certain improvements 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. 7; and ordering the public infrastructure projects performed. Attachments: Resolution No. SVCFD1 2026-001 SVCFD No.1 Waiver and Development Agreement SVCFD No. 1 Feasibility Report City of Apache Junction,Arizona Page 1 Printed on 111512026 Superstition Vistas Community Special Meeting Agenda January 20,2026 Facilities District No. 1 4. 26-3 Presentation, discussion and consideration of Resolution No. SVCFD1 2026-002, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the levying of an assessment and assessment diagram for Assessment Area No. 7 within the district. Attachments: Resolution No. SVCFD1 2026-002 SVCFD NO. 1 Assessment Diagram D. District Manager Report E. District Director Report F. District Treasurer Report 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 111512026 ►P�"E�c�, City of Apache Junction, Arizona 300 E Superstition Boulevard o Agenda Item Cover Sheet Apache Junction,AZ U =i 85119 Agenda Item No. 1. �Piz oN* File ID: 25-647 Sponsor: Agenda Date: 1/20/2026 Index: In Control: Superstition Vistas Community Facilit Consideration of approval of minutes of the special meeting of November 18, 2025. City of Apache Junction,Arizona Pagel Printed on 111512026 f,, Cit`, of Apache Junction Arizona City Council Chambers 7 300 E Superstition Blvd Z p Apache Junction,AZ 85119 7.z Special Meeting Minutes _ apachejunctionaz.gov t N* Superstition Vistas Community Ph:(480)982-8002 Facilities District No. 1 Doors are open to the public at least 15 minutes prior to the posted meeting start time. Tuesday, November 18,2025 6:30 PM City Council Chambers Revised Time From 6:00 p.m. to 6:30 p.m. A. Call to Order Chair Wilson called the meeting to order at 6:30 p.m. B. Roll Call Present 7- Chairperson Wilson Vice Chair Schroeder Boardmember Heck Boardmember Johnson Boardmember Nesser Boardmember Cross Boardmember Soller Staff in attendance: Bryant Powell, District Manager Matt Busby, Assistant District Manager Evie McKinney, District Clerk Joel Stern, District Attorney Connie Chow, District Controller Angelie Hawley, District Treasurer Kayla Fulmer, District Director of Marketing and Communications Eli Richardson, District Management Analyst Rob Wisler, District Management Analyst Nicholas Leftwich, Planner C. Agenda Items 1. 25-564 Consideration of approval of minutes of the special meeting of November 4, 2025. Boardmember Cross moved,seconded by Boardmember Nesser that the minutes of the November 4,2025,Special Meeting be approved. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Board member Johnson,Board member Nesser,Board member Cross, andBoardmember Soller No 0 City of Apache Junction,Arizona Page 1 Superstition Vistas Community Special Meeting Minutes November 18,2025 Facilities District No. 1 2. 25-565 Conduct a public hearing on the final assessment for the Superstition Vistas Community Facilities District No. 1, Assessment Area No. 6. Zach Sakas, Esq. of Greenberg Traurig, outside counsel for the Superstition Vistas Community Facilities District No. 1 presented to the Board the final action for the special assessment bonds for Assessment Area 6 in D.R. Horton's Radiance Development. He explained that this was for 191 lots owned by D.R. Horton at$5,000.00 per lot. The assessment will be paying for a segment of Officer Facio Drive. Mr. Sakas explained that Resolution No. SVCFD1 2025-009 acknowledges and approves that the final assessment Public Hearing was conducted. Resolution No. SVCFD1 2025-010 approves bond transactions with an amount not to exceed $955,000.00. The bonds are paid over a period of 25 years or by prepayment options. Board Member Cross inquired about the prepayment option. Mr. Sakas explained the prepayment process. Chair Wilson opened the public hearing. Receiving no comments, he closed the public hearing. 3. 25-566 Presentation, discussion and consideration of Resolution No. SVCFD1 2025-009, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the final assessment for Assessment Area No. 6, determining that the work has been completed in accordance with the approved plans and specifications, and ordering the collection of the assessment in Assessment Area No. 6. Boardmember Heck moved,seconded by Boardmember Soller that Resolution No.SVCFD1 2025-009 be approved. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Board member Johnson,Board member Nesser,Board member Cross, andBoardmember Soller No 0 This Item was addressed under Item No. 2. 4. 25-567 Presentation, discussion and consideration of Resolution No. SVCFD1 2025-010, a resolution of the district board of Superstition Vistas Community Facilities District No. 1, authorizing the issuance of the District's Assessment Area No. 6 Special Assessment Bonds, Series 2025; approving the form and authorizing the execution and delivery of related documents; awarding the bonds to a purchaser; appointing a registrar, transfer agent and paying agent for the bonds; and authorizing the taking of other actions securing the payment of and relating to the bonds. Boardmember Johnson moved,seconded by Boardmember Nesser that Resolution No.SVCFD1 2025-010 be approved. Yes 7- Chairperson Wilson,Vice Chair Schroeder,Boardmember Heck,Board member Johnson,Board member Nesser,Board member Cross, andBoardmember Soller No 0 City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes November 18,2025 Facilities District No. 1 This Item was addressed under Item No. 2. D. District Manager Report E. District Director Report - Presentation and discussion of the following items: F. District Treasurer Report - Presentation and discussion G. Adjournment Chair Wilson adjourned the meeting at 6:38 p.m. ACCEPTED THIS DAY OF , 2025, 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 2025. WALTER "CHIP" WILSON CHAIR PERSON ATTEST: EVIE MCKINNEY DISTRICT CLERK City of Apache Junction,Arizona Page 3 ►P�"E�c�, City of Apache Junction, Arizona 300 E Superstition Boulevard o Agenda Item Cover Sheet Apache Junction,AZ U =i 85119 Agenda Item No.2. �Piz oN* File ID: 25-648 Sponsor: Agenda Date: 1/20/2026 Index: In Control: Superstition Vistas Community Facilit Conduct a public hearing on the feasibility report for a proposed project to be financed by the issuance of the Superstition Vistas Community Facilities District No. 1 Assessment Area No. 7 Special Assessment Bonds. City of Apache Junction,Arizona Pagel Printed on 111512026 ►P�"E�c�, City of Apache Junction, Arizona 300 E Superstition Boulevard o Agenda Item Cover Sheet Apache Junction,AZ U =i 85119 Agenda Item No. 3. �Piz oN* File ID: 25-649 Sponsor: Agenda Date: 1/20/2026 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. SVCFD1 2026-001, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 relating to approval of the feasibility report for the acquisition and financing of certain improvements 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. 7; and ordering the public infrastructure projects performed. City of Apache Junction,Arizona Pagel Printed on 111512026 RESOLUTION NO. SVCFDI 2026-001 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING THE FEASIBILITY REPORT RELATING TO THE ACQUISITION AND FINANCING OF CERTAIN IMPROVEMENTS BENEFITTING THE DISTRICT; APPROVING THE PRIOR GIVING OF NOTICE OF HEARING RELATING TO THE FEASIBILITY REPORT; DECLARING ITS INTENTION TO ACQUIRE CERTAIN IMPROVEMENTS DESCRIBED IN THE FEASIBILITY REPORT; FORMING AN ASSESSMENT AREA; DETERMINING THAT SPECIAL ASSESSMENT BONDS MAY BE ISSUED TO FINANCE THE COSTS AND EXPENSES THEREOF UNDER THE PROVISIONS OF TITLE 48, CHAPTER 4, ARTICLE 6, ARIZONA REVISED STATUTES, AND ALL AMENDMENTS THERETO; DECLARING THE IMPROVEMENTS TO BE OF MORE THAN LOCAL OR ORDINARY PUBLIC BENEFIT AND THAT THE COSTS OF SAID IMPROVEMENTS WILL BE ASSESSED UPON THE ASSESSMENT AREA; AND ORDERING THE PUBLIC INFRASTRUCTURE PROJECTS PERFORMED. WHEREAS, pursuant to Arizona Revised Statutes ("A.R. S. ") § 48-715, as amended, the Board of Directors of the Superstition Vistas Community Facilities District No. 1 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, among 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 cost to acquire, operate and maintain the Project, an estimated schedule for completion of the Project, a map or description of the area to be benefited by the Project and a plan and expected 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 District 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 RESOLUTION NO. SVCFD1 2026-001 PAGE 1 OF 11 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 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. 7 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. 7; (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 NO. 1 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. 7 and attached hereto as Exhibit B, which map is on file with the Superintendent of Streets and the District Clerk. "Assessment Area No. 7" 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. RESOLUTION NO. SVCFDI 2026-001 PAGE 2 OF 11 "Bond Counsel" shall mean Greenberg Traurig, LLP, and any successor thereto. "Bonds" shall mean the District' s Assessment Area No. 7 Special Assessment Bonds, Series 2026, or such other series designation as may be approved by the Board. "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 District Development, Financing Participation, Waiver and Intergovernmental Agreement dated as of February 22, 2022, by and among the City of Apache Junction, Arizona, the District and D.R. Horton, Inc. ; recorded February 23, 2022 at fee number 2022-021689 in the office of the Pinal County Recorder. "District" shall mean the Superstition Vistas Community Facilities District No. 1 . "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, 310, 000 . 00, together with Incidental Expenses ($249, 000 . 00) and a Debt Service Reserve ($135, 700 . 00) , for a total cost not to exceed $1, 695, 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 RESOLUTION NO. SVCFDI 2026-001 PAGE 3 OF 11 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 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. 7 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 January 20, 2026, 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. "Waiver" shall mean the Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 7, by and among the District, D.R. Horton, Inc. and all property owners and any other persons having an interest in the real property within the proposed boundaries of Assessment Area No. 7, dated as of RESOLUTION NO. SVCFDI 2026-001 PAGE 4 OF 11 , 20 and recorded F 20_, at fee number 20 - 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. Based on the review by this Board and the presentation of the Report and testimony presented at the public hearing on the date hereof, the Report is hereby adopted and approved in the form submitted to this 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. 7 . 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 RESOLUTION NO. SVCFDI 2026-001 PAGE 5 OF 11 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. 7 The Assessment Area No. 7 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. 7, 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 within the Assessment Area No. 7 . The amount of the total Assessment shall not be greater than the product of $5, 000 . 00 times the number of developable residential lots located within the Assessment Area No. 7 . SECTION 6 EXCLUSION OF CERTAIN PROPERTY Any public or private street or alley within the boundaries of the Assessment Area No. 7 is hereby omitted from the Assessment Area No. 7 . 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. 7 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 . RESOLUTION NO. SVCFDl 2026-001 PAGE 6 OF 11 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. 7 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 first 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, 2050 . C. The Bonds shall bear interest at rate or rates of not to exceed ten percent (10 . 0o) 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 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 . 0o) . 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. RESOLUTION NO. SVCFDI 2026-001 PAGE 7 OF 11 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 benefit the parcel or parcels in question, or which was located in the right-of-way which was not obtained. The filing of a certificate and request that no Bonds be issued against any parcel pursuant to A.R. S . § 48-540 and § 48-597, as amended, may be deemed to be threatened litigation. SECTION 12 RATIFICATION OF PRIOR ACTS All acts of the Chairman of this Board, District Clerk, District Engineer, District Manager, the Superintendent of Streets, and any 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 Group, LLC, the engagement RESOLUTION NO. SVCFDI 2026-001 PAGE 8 OF 11 by the District of Entellus, Inc. , and the execution and delivery of the Waiver. SECTION 13 SEVERABILITY; AMENDMENT; RATIFICATION If any section, paragraph, clause or provision of this resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of this resolution. The District Board hereby declares that this resolution would have been adopted with each and every other section, paragraph, subdivision, sentence, clause or phrase hereof and approved the Report made the same findings and determinations pursuant hereto irrespective of the fact that any one or more sections, paragraphs, subdivisions, sentences, clauses or phrases of this resolution may be held illegal, invalid or unenforceable. SECTION 14 EFFECTIVE DATE This resolution shall be effective immediately. [Signature Page to Follow. ] RESOLUTION NO. SVCFDl 2026-001 PAGE 9 OF 11 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, THIS DAY OF JANUARY, 2026 . SIGNED AND ATTESTED TO THIS DAY OF , 2026 . WALTER "CHIP" WILSON Chairman, Board of Directors ATTEST : EVIE MCKINNEY District Clerk APPROVED AS TO FORM: RICHARD JOEL STERN District Counsel Attachments : EXHIBIT A - Legal Description of Assessment Area No. 7 EXHIBIT B - Maps of the District and Assessment Area No . 7 EXHIBIT C - Estimated Costs EXHIBIT D - Description of Project RESOLUTION NO. SVCFDI 2026-001 PAGE 10 OF 11 CERTIFICATE I hereby certify that the above and foregoing resolution was duly passed by the Board of Directors of the Superstition Vistas Community Facilities District No. 1 at a regular meeting held on January 20, 2026, 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. SVCFDI 2026-001 PAGE 11 OF 11 EXHIBIT A LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 7 Lots 1845 through 1944, inclusive, according to the Final Plat for Superstition Vistas - Phase 2B - Parcel 19 . 16, recorded as Fee No. 2025-095726, Records of Pinal County, Arizona; and Lots 1945 through 2077, inclusive, according to the Final Plat for Superstition Vistas - Phase 2B - Parcel 19 . 24, recorded as Fee No. 2025-095727, Records of Pinal County, Arizona; and Lots 2078 through 2183, inclusive, according to the Final Plat for Superstition Vistas - Phase 2B - Parcel 19 . 25, recorded as Fee No. 2025-095730, Records of Pinal County, Arizona. RESOLUTION NO. SVCFDl 2026-001 EXHIBIT A EXHIBIT B MAPS OF THE DISTRICT AND ASSESSMENT AREA NO. 7 (attached hereto) RESOLUTION NO. SVCFDI 2026-001 EXHIBIT B THE DISTRICT ELLIOT AVENUE CFD NO. 1 1,375 ACRES W ARNLilt .AVENGE � O C oc Ca O z � o eS N Y AVENUE r 0 1QCC 2000 ` Hm. 1 in.=20001. RESOLUTION NO. SVCFDI 2026-001 EXHIBIT B ASSESSMENT AREA NO. 7 [MAP TO COME FROM ENTELLUS] RESOLUTION NO. SVCFDI 2026-001 EXHIBIT B EXHIBIT C ESTIMATED COSTS Project Costs $1, 300, 000 . 00 Debt Service Reserve 135, 700 . 00 Incidental Expenses 259, 300 . 00 Total Cost $1, 695, 000 . 00 Total Costs shall not exceed the total Assessment of the product of $5, 000 . 00 times the number of developable residential lots located within Assessment Area No. 7 . As applicable, the par amount of the Bonds will be rounded down to the nearest $1, 000 integral from the Assessment amount. RESOLUTION NO. SVCFD1 2026-001 EXHIBIT C EXHIBIT D DESCRIPTION OF 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 ESTIMATED COST COMPLETION1 Radiance Avenue. The work includes April 2024 construction of approximately 2,300 lineal feet within Phase lA and 4,200 lineal feet within Phase 2B including eighty-three feet (83' ) of right-of- way street improvements with four and one-half inches (4 1-i2") of asphalt concrete over an asphalt base course subgrade of eight inches (8") , and vertical curb, storm drain, storm drain manholes, catch basins, water fire hydrants, water valves, non- potable water, six foot (6' ) detached concrete sidewalks, concrete ramps, pavement, pavement striping, traffic signage, dry utilities, street lighting, and landscaping. Phase 1A(SVR W003, TR003, LS003) $2,201, 330 Phase 1B (SVR NP001, TR003B, LS003B) 4, 192, 822 TOTAL: $6,394,152 1 Completion represents the date by which the Developer expected the public infrastructure to be constructed, which may differ from the date that it was or is accepted by the City or other governmental entities, as applicable. The District previously financed portions of the Project with its Assessment Area No. 4 Special Assessment Bonds, Series 2024, and its General Obligation Bonds, Series 2024 . RESOLUTION NO. SVCFDl 2026-001 EXHIBIT D Q�riA L :if , -' OFFICIAL RECORDS OF � + PINAL COUNTY RECORDER .- Dana Lewis •• Electronically Recorded DATE/TIME: 01/08/2026 1654 FEE: $30.00 PAGES: 21 FEE NUMBER: 2026-001618 WHEN RECORDED RETURN TO: Greenberg Traurig, LLP Attn: Zachary D. Sakas 2375 E. Camelback Road Suite 800 Phoenix, Arizona 85016 SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 WAIVER AND DEVELOPMENT AGREEMENT PERTAINING TO THE TO BE FORMED ASSESSMENT AREA NO. 7 This Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 7, dated as of January 8, 2026 (this "Agreement"), by and among the Superstition Vistas Community Facilities District No. 1 (the "District"), and D.R. Horton, Inc., a Delaware corporation (the "Developer"), and, if applicable, other owners executing this Agreement prior to formation of Assessment Area No. 7 (as defined herein). WHEREAS, the City of Apache Junction, Arizona, an Arizona municipal corporation (the "City"), and the Developer are parties to that certain Procedural Pre-Annexation Agreement recorded August 16, 2021 as Instrument No. 2021-102467 in the Official Records of Pinal County, as the same may be amended from time to time (the"Development Agreement"), in connection with the planned community development project on the land subject thereto known as "Superstition Vistas" (the"Project"); and WHEREAS,pursuant to the District Development,Financing Participation,Waiver and Intergovernmental Agreement by and among the City, the District and the Developer, dated as of February 22, 2022 and recorded February 23, 2022 as Instrument No. 2022-021689 in the Official Records of Pinal County (the"District Agreement"), the Developer intends to request the District to form assessment area number 7 (the "Assessment Area No. 7") comprised of the real property legally described on Exhibit A attached hereto (the "Property") in order to provide for certain public infrastructure improvements plus all costs connected with the public infrastructure purposes related thereto (as defined in Title 48, Chapter 4, Article 6, Arizona Revised Statutes, as amended (the"Act")), such public infrastructure improvements and public infrastructure purposes to be located on or off the Property; and WHEREAS, the Developer, and (if applicable) other owners executing this Agreement, and all persons hereafter taking an interest in the Property, or any portion thereof, shall be bound by the terms, waivers and agreements as set forth, and to the extent provided, in this Agreement and shall be bound by the Assessments (as defined herein) recorded against the Property; and WHEREAS, subject to the terms of the District Agreement, the proposed public infrastructure improvements and public infrastructure purposes to be provided by the Assessment Area No. 7 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. 7 bonds; C. Capitalized interest on such Assessment Area No. 7 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. 7 bonds. Collectively, the public infrastructure improvements and public infrastructure purposes described in paragraphs A through D above and the costs and expenses thereof shall hereinafter be referred to as the"World'; and WHEREAS, persons having or hereafter acquiring only a lienholder's interest or other security interest in the Property ("Lienholder" or "Lienholders", as applicable) consent to these terms and provisions of the District Agreement and this Agreement and the recording thereof and acknowledge the levying of the Assessments against the Property; NOW, THEREFORE, the District, the Developer, and all future owners or holders of any interest in any portion of the Property hereby agree as follows: 1. Development Agreement and Agreement Allocating Assessments. This Agreement is a "development agreement" within the meaning of Arizona Revised Statutes ("A.R.S.") § 9-500.05 and the written agreement allocating the Assessments is authorized pursuant to A.R.S. § 48-721, as amended. 2. Reliance on Agreement. This Agreement does not create a binding commitment on the part of the District to actually form the Assessment Area No. 7, or, if formed, of the District to sell or deliver such Assessment Area No. 7 bonds or construct, install or acquire any or all of the Work, or if it does construct, install or acquire any of the Work, to construct, -2- install or acquire it pursuant to any existing proposals. However, the District and the Developer, in going forward with the Work, are doing so in reliance upon this Agreement to have the Property included within the to-be-formed Assessment Area No. 7 and assessed for the costs thereof. 3. Review and Approval of the Boundaries and Scope of Work; Acknowledgement of Assessment. a. The Developer, as the sole owner of all the Property, has reviewed or had the opportunity and right to review the boundaries of the Assessment Area No. 7, the preliminary plans and specifications detailing the Work and the current estimate of the costs of the Work. The Developer agrees the costs of the Work shall be spread among the parcels (residential lots) comprising the Property within the proposed Assessment Area No. 7 utilizing a methodology determined by the District Engineer (the "Engineer") based on the expected benefit to the residential lots to be developed on the Property, provided the Engineer's estimate of the costs of Work (the "Engineer's Estimate") will not exceed $1,695,000.00 and such Assessment amount shall be allocated and levied to each developable parcel (residential lot) within the Assessment Area No. 7 in an amount not to exceed $5,000.00 per parcel (residential lot). b. The Developer and all future owners or holders of any interest in any portion of the Property expressly consent to the following: (i)the District may take all required actions as necessary to form the Assessment Area No. 7 in accordance with the provisions of the District Agreement and the Act; and (ii) the District may incur costs and expenses necessary to complete or acquire the Work. C. Furthermore, the Developer and all future owners or holders of any interest in any portion of the Property acknowledge that the District shall levy and collect an assessment on the Property sufficient to pay all costs and expenses of the Work (including Work benefitting the Property in the proposed Assessment Area No. 7, 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. 7 bonds, but not in excess of the Engineer's Estimate prepared in accordance with the applicable requirements of the District and the Act (the "Assessments"). 4. No Protest, Obiection or Request for Hearings. The Developer and all future owners or holders of any interest in any portion of the Property agree to allow the formation of the proposed Assessment Area No. 7 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. 7 bonds supported by the Assessments. The Developer and all future owners of any portion of the Property acknowledge and agree, to the fullest extent permitted by applicable law, that pursuant to A.R.S. § 9-500.05, the provisions of A.R.S. § 32-2181 do not apply and that pursuant to this Agreement the parties waive their right to appear before the Board of Directors of the District (the "District Board') on any hearing required at or prior to the confirmation of the Assessments and waive their right to: (a)protest and object to the extent of the Assessment Area No. 7 pursuant to A.R.S. §§ 48-579 and 48-580; (b)protest the award of contract pursuant to A.R.S. § 48-584; and (c) object to the Assessments on procedural grounds, or as to the legality of the Assessments, pursuant to A.R.S. § 48-590. -3- 5. Waiver of Procedural Deficiencies and Irregularities. The Developer and all future owners or holders of any interest in any portion of the Property, with full knowledge of the provisions of Title 48, Chapter 4, Articles 2 and 6, Arizona Revised Statutes, as amended, and their rights thereunder(or having obtained counsel to advise them of the provisions and their rights), expressly waive any and all irregularities, illegalities or deficiencies which may now or hereafter exist in the acts or proceedings resulting in the formation of the District, the formation of the Assessment Area No. 7, 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. 7 bonds secured by the Assessments levied against the Property. 6. Waiver. The Developer and all future owners or holders of any interest in any portion of the Property, with full knowledge of the provisions and their rights under the provisions of law hereafter referenced, expressly waive the following: a. any defect in the proceedings establishing the District, as required by A.R.S. § 48-702 through § 48-708, inclusive, and agree that, to the extent of any defect, this Agreement shall constitute the petitions required by law to form and establish the District without conducting an election; b. the providing of any and all notices and response time periods related to such notices provided by A.R.S. § 48-576 et seq., as amended, including but not limited to the following: i. mailing, posting and publication, as applicable, of any notice required in connection with: (A)the adoption of the resolution of intention, (B) the notice of proposed improvements, (C)the adoption of the resolution ordering the Work, (D) notice of passage of the resolution ordering the Work, (E) notice of award of contract and(F) any other steps necessary in connection with the Assessment Area No. 7 or the Work; and ii. any and all notices pertaining to the levying of the Assessments, including notice of any hearing on the Assessments; C. any and all objections and protests to the extent of the Assessment Area No. 7; d. any and all objections to the adoption and approval by the District of the Assessment Area No. 7 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. 7 bonds; and -4- g. all demands for cash payment of the Assessments. Nothing contained in this Agreement shall be construed as a waiver by any party to this Agreement of any notice required by A.R.S. §§ 48-600 or 48-601 of delinquent assessment installments. 7. Work as More Than Local and Ordinary Benefit. The Developer and all future owners or holders of any interest in any portion of the Property agree that the Work is of more than local or ordinary public benefit and that the Work constitutes public infrastructure improvements and public infrastructure purposes and that the Property which is subject to the Assessments receives the primary benefit from the Work in an amount not less than the Engineer's Estimate of the costs thereof, and not less than the portion of the Assessment levied against each parcel or lot comprising the Property. 8. Public Bidding. The public bidding requirements set forth in A.R.S. §§ 48-581 and 48-584 have been or will be complied with by the Developer on behalf of the District with respect to each contract comprising the Work. 9. Acquisition of the Work. The District may,immediately upon issuance of the Assessment Area No. 7 bonds, acquire all or part of the Work. 10. Developer's Acknowledgement of Assessment. The Developer and all future owners or holders of any interest in any portion of the Property acknowledge the District shall levy the Assessments in an amount not greater than the Engineer's Estimate against all developable parcels located within the boundaries of Assessment Area No. 7, as provided in Section 3.a, not in excess of $5,000.00 per developable parcel (residential lot); and that such Assessments shall be collected and foreclosed in accordance with A.R.S. § 48-601 et seq., as amended, and in accordance with any other documents executed and delivered in connection with the delivery of the Assessment Area No. 7 bonds. 11. Recording and Validity of Assessments. The Developer and all future owners or holders of any interest in any portion of the Property acknowledge the District shall record the Assessments against the Property and acknowledge such recording of the Assessments shall constitute valid and enforceable first liens against the respective parcels comprising the Property as shown and the amounts set forth in the Assessments, subject only to the lien for ad valorem taxes and prior special assessments. 12. Assessments to Go to Bond. Except as the Developer, or any future owner or holder of any interest in any portion of the Property, otherwise notifies the District in writing prior to the recording of the Assessments of their intent to pay all or part of their Assessment in cash, Assessments will not be paid in cash. With respect to Assessments not paid in cash, the Developer requests, and all future owners or holders of any interest in any portion of the Property agree, that a certified list of unpaid Assessments be filed as soon as possible after the recording of the Assessments and that Assessment Area No. 7 bonds amortizing the payment of the Assessments over not less than fifteen (15)years be issued and sold as soon as possible. -5- 13. No Reduction of Obligation of Developer. The inability of the District to assess all or any portion of the costs of the Work shall not reduce the obligation of the Developer, and all future owners or holders of any interest in any portion of the Property, so long as the Developer or future owner or holder of any interest in any portion of the Property own all or part of any parcel comprising the Property, to pay the Assessment levied against such portion of the Property, and provided that the aggregate costs of the Work are not reduced. 14. Waiver of Collateral Document Provisions. The Developer and all future owners or holders of any interest in any portion of the Property expressly waive any and all provisions of any collateral security instruments relating to the Property which prohibit the formation of the Assessment Area No. 7, completion of the Work, and levying and recording of the Assessments against the Property. 15. Dedication of Property Needed to Perform the Work. The Developer and all future owners or holders of any interest in any portion of the Property consent to the dedication, without cost, of the rights-of-way and easements and other property, as required pursuant to the applicable Final Plats listed on Exhibit A, a Map of Dedication to be approved by the City, and those certain final approved infrastructure improvement plans for the Work, each as described on Exhibit C attached hereto. The Developer and all future owners or holders of any interest in any portion of the Property agree to cooperate in effectuating any required dedication, including execution of any required document. 16. Indemnification Under Securities Act. a. The Developer hereby agrees to indemnify and hold the District and the City and each director, council member, officer, agent, legal counsel, independent contractor or employee thereof and each person, if any, who controls the District, and the City, its officers, employees and agents, within the meaning of the Securities Act of 1933, as amended (the "Securities Act") (together with the parties described in the last sentence of this Section 16.a, collectively the "Indemnified Persons") harmless for, from and against any and all losses, claims, damages or liabilities, including reasonable attorneys' fees arising from any challenge to the formation, activities or administration of the District or the Assessment Area No. 7, 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. 7 bonds or any amendment or supplement thereto, or arise out of or are based upon the omission or alleged omission to state therein a material fact required to be stated therein or which is necessary to make the statements therein, in light of the circumstances in which they were made, not misleading in any material respect. For purposes of this Section 16 the Indemnified Persons further includes Apache Junction Sewer District (the "AJ Sewer District," which was formed as Superstition Mountains Community Facilities District No. 1 and subsequently adopted Resolution No. 23-01 which stated such district shall now be known as Apache Junction Sewer District) and Water Utilities Community Facilities District (City of Apache Junction, Arizona) (the "AJ Water -6- District") and each director, officer, agent, legal counsel, independent contractor or employee thereof and each person, if any, who controls such respective district within the meaning of the Securities Act, but only in connection with any public infrastructure (as defined in the Act) accepted by the AJ Sewer District or the AJ Water District, respectively. b. Section 16.a hereof shall, however, not be applicable to any of the following: (1) to the extent matters involve any gross negligence or willful misconduct of any Indemnified Person, or (2) matters arising from or involving any material breach of this Agreement by the District or any other Indemnified Person. C. Sections 8.1(b)(2) and 8.1(c) of the District Agreement are hereby incorporated by reference for purposes of available insurance, if any, to the Indemnified Persons, and the provision of notice by the Indemnified Persons to the Developer in connection with indemnification sought from the Developer, respectively. d. This Section 16 shall survive the termination hereof. 17. General Indemnification of District and Directors. a. The Developer hereby agrees to indemnify the District and each director, officer, agent, legal counsel, employee, and independent contractor thereof, and the City, and its officers, employees, agents,legal counsel,independent contractors and council members(together with the parties described in the last sentence of this Section 17.a, collectively, the "Indemnified Parties") and shall hold the Indemnified Parties harmless from, for and against any and all losses, damages, liabilities, claims and reasonable costs incurred, including but not limited to reasonable attorneys' fees and other administrative or out of pocket costs actually and directly incurred by the Indemnified Parties in connection with or as the result of acts of the District or the District Board which are(i) within the scope of the District or District Board's authority under the Securities Act, or (ii)undertaken by the District or District Board in a properly advertised public meeting. For purposes of this Section 17, the Indemnified Parties further includes the AJ Sewer District and the AJ Water District and each director, officer, agent, legal counsel, independent contractor or employee thereof, but only in connection with any public infrastructure (as defined in the Act) accepted by the AJ Sewer District or the AJ Water District, respectively. b. Section 17.a hereof shall, however, not be applicable to any of the following: (1) to the extent matters involve any gross negligence or willful misconduct of any Indemnified Parties, or (2) matters arising from or involving any material breach of this Agreement by the District or any other Indemnified Party. -7- C. Sections 8.1(b)(2) and 8.1(c) of the District Agreement are hereby incorporated by reference for purposes of available insurance, if any, to the Indemnified Parties, and the provision of notice by the Indemnified Parties to the Developer in connection with indemnification sought from the Developer, respectively d. This Section 17 shall survive the termination hereof. 18. Disclosure Document. The Developer and all future owners or holders of any interest in any portion of the Property hereby agree that any potential purchaser of any real property subject hereto, including each potential purchaser of a residential lot within the Assessment Area No. 7, shall receive a concise disclosure document that discloses the existence, the estimated payment amount and the payment terms of any portion of the Assessment applicable to the real property to be purchased. Each potential purchaser shall acknowledge in writing that the purchaser received and understood the concise disclosure document and has agreed to the terms, waivers and agreements contained in this Agreement. The Developer agrees to provide such disclosure document to the initial purchasers of the residential lots. For so long as the Developer owns any real property within the boundaries of the District, the Developer agrees to provide the form of disclosure document, upon reasonable request, to title companies, the District or a then-current owner of a residential lot within Assessment Area No. 7 for any future conveyance of a residential lot within Assessment Area No. 7. The District agrees to maintain records of the written acknowledgments. The provisions of this Agreement shall not apply to the sale, transfer or other conveyance of any real property which is not subject to the Assessment, and no disclosure document shall be required for such real property which is not subject to the Assessment. 19. Encumbrance of the Property. The provisions, terms and restrictions of this Agreement shall run with and bind the Property as equitable servitudes and also as covenants running with the land. Without limitation of the foregoing, in the event of any sale, transfer or other conveyance by the Developer, all future owners or holders of any interest in any portion of the Property shall continue to be bound by all of the terms, conditions and provisions hereof. Prior to the completion of the Work, the levy of the Assessments pertaining to the Work, the final hearing regarding the levy of the Assessments and the issuance of Assessment Area No. 7 bonds secured by the Assessments, and subject to Section 29 hereof, any grantee, transferee or other subsequent owner shall execute and deliver to the District ExhibitD-1 attached hereto, and any prospective buyer shall execute and deliver to the District Exhibit D-2 attached hereto, and shall take such property subject to all of the terms, conditions and provisions hereof and any prospective buyer, grantee, transferee or other subsequent owner shall take such property entitled to all of the rights, benefits and protections afforded the predecessor in interest thereof by the terms hereof. 20. Recording. This Agreement may be recorded in the office of the County Recorder of Pinal County, Arizona. 21. Continuing Disclosure. So long as any of the Developer or any future owner or holder of any interest in any portion of the Property is liable for twenty percent(20%) or more of the debt service on any Assessment Area No. 7 bonds, such Developer, or any such future -8- owner or holder of any interest in any portion of the Property, solely with respect to its assessed property, will provide, or make available on any electronic data gathering filing system created by the United States Securities and Exchange Commission, any and all information needed as may be reasonably requested by the District, or required to comply with the information reporting requirements contemplated by Rule 240.15c2-12, General Rules and Regulations, Securities Exchange Act of 1934, as amended. 22. Successors and Assigns. This Agreement shall inure to the benefit of and (except as otherwise expressly provided herein) be binding upon the Developer, and its future grantees, successors and assigns, and any future owner or holder of any interest in any portion of the Property. There shall be no third-party beneficiaries of this Agreement, except that solely for the purposes of receiving the benefits of the provisions of Sections 16 and 17 of this Agreement, the Developer hereby agrees that the City and, as applicable, the AJ Sewer District and the AJ Water District, shall each be a third-party beneficiary of the terms and provisions of Sections 16 and 17 of this Agreement. 23. Authority. The Developer warrants that it has the requisite authority to enter into this Agreement and bind the Property and,to the best of its knowledge,no other consents are required. 24. Further Assurances. Without limitation of the foregoing, the Developer and all future owners and holders of any interest in any portion of the Property shall execute and deliver to the Developer and the District, upon request but at no third-party cost, all further assurances and waivers as may be required by the District and the Act to give full effect to the provisions of this Agreement, each of which further assurances and waivers by this reference shall, upon such execution, delivery and recording, be deemed incorporated herein and have the same priority as this Agreement. In addition to the foregoing, until the later of the issuance of the Assessment Area No. 7 bonds or the final hearing regarding the levy of the Assessments, all owners of the Property (i) shall execute to the District, upon request, all further assurances, waivers and agreements as may be reasonably required by the District to effectuate the transactions contemplated by this Agreement, and (ii) shall engage legal counsel to deliver opinions as to, without limitation, the legality, validity and enforceability of this Agreement and such further assurances, waivers and agreements. 25. Counterparts. For convenience, this Agreement may be executed in one or more counterparts and each executed counterpart and all executed Exhibit D's shall for all purposes be deemed an original and shall have the same force and effect as an original, but all of which together shall constitute in the aggregate but one and the same instrument. This Agreement will constitute the entire agreement between the parties, and supersedes all previous written or oral agreements or understandings regarding the subject matter of this Agreement. 26. Waiver of Claims by Developer. a. Except as to matters which are subject to the express terms of the District Agreement and any other written agreement to which the District and the Developer are parties as of the date of this Agreement, the Developer knowingly and voluntarily forever releases and -9- discharges the District and all of its past and present elected officials, officers, directors, agents, employees, successors, assigns, attorneys, and representatives from all legal and equitable claims, causes of action, debts, accounts and damages occurring and existing prior to the date of this Agreement whether known or unknown, asserted or unasserted, and of every nature and extent whatsoever, that the Developer has against the District in connection with the Project arising from actions, omissions, delays or other events that occurred prior to the date of this Agreement. b. Except as to matters which are subject to the express terms of the Development Agreement and any other written agreement to which the City and the Developer are parties as of the date of this Agreement, the Developer knowingly and voluntarily forever releases and discharges the City and all of its past and present elected officials, officers, directors, agents, employees, successors, assigns, attorneys, and representatives from all legal and equitable claims, causes of action, debts, accounts and damages occurring and existing prior to the date of this Agreement whether known or unknown, asserted or unasserted, and of every nature and extent whatsoever, that the Developer has against the City in connection with the Project arising from actions, omissions, delays or other events that occurred prior to the date of this Agreement. C. None of the releases and discharges above are intended to, and do not, negate or otherwise relieve the District or the City of any executory contractual obligations under existing contracts or of any obligations under any applicable law, statute, or ordinance. 27. Failure to Sell Bonds. In the event the District fails or is otherwise unable to sell and/or deliver Assessment Area No. 7 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. 7 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. 7 bonds or the final hearing regarding the levy of the Assessments, the Developer agrees that upon the sale of any portion of the Property owned by the Developer, the Developer will require the execution and delivery of Exhibit D-1 or Exhibit D-2 by each grantee, transferee, other subsequent owner or prospective purchaser, as applicable. 29. Additional Representations, Warranties and Covenants of Developer. Other than any agreement previously disclosed in writing to the District, as of the date of this Agreement, the Developer represents and warrants, with respect to any portion of the Property owned by them, that no purchase and sale agreements, option agreements, deposit agreements, or other agreements conveying or intending to convey an interest in all or any portion of the Property have been entered into with any purchaser, optionee, depositor or other recipient of an interest in the Property, and that any purchaser, optionee, depositor or other recipient of an interest in the Property under a previously disclosed agreement shall consent to this Agreement. In accordance herewith, until the final hearing regarding the levy of the Assessments is complete, the Developer and all future owners and holders of any interest in any portion of the Property covenant and agree not to transfer title in any interest in the Property to any non-affiliated purchaser or other recipient, unless such interest is greater than ten (10)residential lots for any such non-affiliated purchaser. -10- 30. Arizona Law Provisions. a. The District may, within three years after its execution, cancel this Agreement, without penalty or further obligation, if any person significantly involved in initiating, negotiating, securing, drafting or creating this Agreement on behalf of the District is, at any time while this Agreement is in effect, an employee or agent of the Developer in any capacity or a consultant to the Developer with respect to the subject matter of this Agreement and may recoup any fee or commission paid or due any person significantly involved in initiating, negotiating, securing, drafting or creating this Agreement on behalf of the District from the Developer arising as the result of this Agreement. The Developer has not taken and shall not take any action which would cause any person described in the preceding sentence to be or become an employee or agent of the Developer in any capacity or a consultant to the Developer with respect to the subject matter of this Agreement. b. To the extent applicable, the Developer certifies that it is not currently engaged in, and agrees for the duration of this Agreement that it will not engage in a"boycott," as that term is defined in § 35-393, Arizona Revised Statutes, of Israel. c. To the extent applicable under A.R.S. § 41-4401, the Developer and its respective subcontractors warrant compliance with all federal immigration laws and regulations that relate to their employees and their compliance with the E-verify requirements under A.R.S. § 23-214(A). The failure by the Developer or its respective subcontractors' failure to comply with such warranty shall be deemed a material breach of this Agreement and may result in the termination of this Agreement by the District. d. To the extent applicable under A.R.S. § 35-394, the Developer hereby certifies it does not currently, and for the duration of this Agreement shall not use: (a)the forced labor of ethnic Uyghurs in the People's Republic of China, (b) any goods or services produced by the forced labor of ethnic Uyghurs in the People's Republic of China, and (c) any contractors, subcontractors or suppliers that use the forced labor or any goods or services produced by the forced labor of ethnic Uyghurs in the People's Republic of China. The foregoing certifications are made to the best knowledge of the Developer, without any current independent investigation or without any future independent investigation for the duration of this Agreement. If the Developer becomes aware during the duration of this Agreement that it is not in compliance with such certification, the Developer shall take such actions as provided by law, including providing the required notice to the District. If the District determines that the Developer is not in compliance with the foregoing certification and has not taken remedial action, such failure to comply with the certifications in this section shall be deemed a material breach of this Agreement and may result in the termination of this Agreement by the District. [SIGNATURES ON FOLLOWING PAGES] -11- IN WITNESS WHEREOF, the undersigned have duly affixed their signatures, all as of the day and year first written above. SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, an Arizona political subdivision and municipal corporation V, r ('( By: Chairman, District Board ATTEST: District Clerk APPROVED AS TO FORM: r•6-26 Richard Joel Stern, District Counsel STATE OF ARIZ,ONA ) ) ss. COUNTY OF PINAL ) The foregoing instrument was acknowledged before me this day of. IT14d fy, 202�9, by Walter "Chip" Wilson, Chairman of the Board of Directors of Superstition Vistas Community Facilities District No. 1, an Arizona political subdivision and municipal corporation. (Seal and Expiration Date) T ___ey ve"A!Tc-A nZ y Public in and for the State Arizona Notary Public-ARIZC�IA 5 MARICOPA COUNTY Commission No.641223 Jj2 " My Commission Expires 11/14/2026 [Signature page to Superstition Vistas Community Facilities District No. I Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 7] Signature Page to Waiver and Development Agreement: DEVELOPER: D.R. HORTON, INC., a Delaware corporation By:-WIP- Name: Brent Davis Its: Vice President STATE OF ARIZONA ) ss. COUNTY OF MARICOPA ) The foregoing instrument was acknowledged before me this '. day of 2025,by Brent Davis,the Vice President of D.R.Horton,Inc.,a Delaware corporation. (Seal and Expiration Date) Notary Public in and for the State of Arizona LNotaryPubfic er cFinzona My Co4-12-26 Com34645 [Signature page to Superstition Vistas Community Facilities District No. I Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 71 EXHIBIT A LEGAL DESCRIPTION OF PROPERTY Lots 1845 through 1944, inclusive, according to the Final Plat for Superstition Vistas —Phase 2B — Parcel 19.16, recorded as Fee No. 2025-095726,Records of Pinal County, Arizona; and Lots 1945 through 2077, inclusive, according to the Final Plat for Superstition Vistas —Phase 2B — Parcel 19.24,recorded as Fee No. 2025-095727,Records of Pinal County, Arizona; and Lots 2078 through 2183, inclusive, according to the Final Plat for Superstition Vistas —Phase 2B — Parcel 19.25, recorded as Fee No. 2025-095730,Records of Pinal County, Arizona. A-1 EXHIBIT B PUBLIC INFRASTRUCTURE The Project consists of a roadway within the District known as Radiance Avenue, and includes construction of approximately 2,300 lineal feet within Phase I and 4,200 lineal feet within Phase 1B including eighty-three feet (83') of right-of-way street improvements with four and one-half inches (4'/2") of asphaltic concrete over an asphalt base course subgrade of eight inches (8"), and vertical curb, storm drain, storm drain manholes, catch basins, water fire hydrants, water valves, non-potable water, six foot(6')detached concrete sidewalks, concrete ramps,pavement,pavement striping,traffic signage, dry utilities, street lighting,and landscaping. All improvements are shown on the plans sealed by the engineer or the landscape architect as shown on Exhibit C to the Agreement to which this Exhibit B is attached, and approved by the City of Apache Junction, Arizona, which may be amended from time to time to allow for additional property uses adjacent to Radiance Avenue that are not yet known. The Project was completed by the Developer and accepted by the City of Apache Junction, or other governmental entity, in April 2024. B-1 EXHIBIT C IMPROVEMENT PLANS (CFD INFRASTRUCTURE) Reverence at Superstition Vistas Solina Avenue Phase IA Water Plans Prepared by Hilgart Wilson sealed on July 15, 2022 and approved by Apache Junction Development Services on August 17, 2022, CFD Project SVR W-003. Reverence at Superstition Vistas Solina Avenue Phase IA Paving Plans Prepared by Hilgart Wilson sealed on July 15, 2022 and approved by Apache Junction Development Services on August 17, 2022, CFD Project SVR TR-003. Reverence at Superstition Vistas Solina Avenue Phase IA Signing & Striping Plans Prepared by Hilgart Wilson sealed on July 15, 2022 and approved by Apache Junction Development Services on August 17, 2022, CFD Project SVR TR-003. Reverence at Superstition Vistas Solina Avenue Public Street Lights Prepared by Wright Engineering sealed on July 15, 2022 and approved by Apache Junction Development Services on March 3, 2023, CFD Project SVR TR-003. Reverence at Superstition Vistas Solina Avenue Phase IA Landscape Plans Prepared by ABLA sealed on June 24, 2022 and approved by Apache Junction Development Services on July 20, 2022, CFD Project SVR LS-003. Phase 1B Radiance at Superstition Vistas Radiance Avenue Phase 1B Non-Potable Water Plans Prepared by Hilgart Wilson sealed on March 10, 2023 and approved by Apache Junction Development Services on March 13, 2023, CFD Project SVR NP-001. Phase 1B Radiance at Superstition Vistas Radiance Avenue Phase 1B Paving Plans Prepared by Hilgart Wilson sealed on September 27, 2022 and approved by Apache Junction Development Services on April 27, 2023, CFD Project SVR TR-003B. Phase 1B Radiance at Superstition Vistas Radiance Avenue Phase 1B Signing & Pavement Marking Plans Prepared by Hilgart Wilson sealed on April 10, 2023 and approved by Apache Junction Development Services on April 25, 2023, CFD Project SVR TR-003B. Phase 1B Radiance at Superstition Vistas Radiance Avenue Phase 1B Water Plans Prepared by Hilgart Wilson sealed on March 15,2023 and approved by Apache Junction Development Services on April 25, 2023, CFD Project SVR TR-003B. C-1 Reverence at Superstition Vistas Solina Avenue Public Street Lights Prepared by Wright Engineering sealed on September 27, 2022 and approved by Apache Junction Development Services on March 22, 2023, CFD Project SVR TR-003B. Phase 1B Reverence at Superstition Vistas Solina Avenue Phase 1B Landscape Plans Prepared by ABLA sealed on September 16, 2022 and approved by Apache Junction Development Services on October 25, 2022, CFD Project SVR LS-003B. C-2 EXHIBIT D-1 WHEN RECORDED RETURN TO: Greenberg Traurig, LLP Attn: Zachary D. Sakas 2375 E. Camelback Road, Suite 800 Phoenix, Arizona 85016 [PROPERTY OWNER/LIENHOLDER] CONSENT,WAIVER AND AGREEMENT [To be executed by Owners of property/lienholders within Assessment Area No. 7] Reference is made to that certain Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 7,initially by and between the District and the Developer (each as defined therein), dated as of January 8, 2026, and recorded as Instrument No. 2026- 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/Lienholder] Consent,Waiver and Agreement shall have the meanings set forth in the Agreement. The undersigned, as [an owner/lienholder in respect] of real property within the Assessment Area No. 7, 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. 7, 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. 7 and recorded upon prospective retail buyer acquiring the Lot described herein] Reference is made to that certain Superstition Vistas Community Facilities District No. 1 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No.7,initially by and between the District and the Developer (each as defined therein), dated as of January 8, 2026, and recorded as Instrument No. 2026- in the Official Records of Pinal County(the `Agreement"),in respect of the Property,to which this Consent,Waiver and Agreement now attaches to and becomes part of the Agreement. All capitalized terms used and not otherwise defined in this Consent, Waiver and Agreement shall have the meanings set forth in the Agreement. The undersigned has executed an executory residential real estate sale agreement to acquire the subdivided residential lot within the Assessment Area No. 7, 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.7 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 FEASIBILITY REPORT For The Issuance of Not to Exceed $1,695,000 Principal Amount OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 ASSESSMENT AREA NO. 7 SPECIAL ASSESSMENT BONDS, SERIES 2026 Public Hearing Date: January 20, 2026 TABLE OF CONTENTS SECTION Introduction; Purpose of Feasibility Report; General Description of District I Description of Public Infrastructure II Map of the District Showing Location of Public Infrastructure and Area to be Benefited III Estimate of Costs and Timetable for Acquisition of Public Infrastructure IV Plan of Finance V APPENDIX Legal Description for Assessment Area No. 7 1 Executive Summary of Appraisal for Assessment Area No. 7 2 (Complete copy of appraisal report is available upon request) SECTION I INTRODUCTION; PURPOSE OF FEASIBILITY REPORT; GENERAL DESCRIPTION OF DISTRICT INTRODUCTION This Feasibility Report(this"Report")has been prepared for presentation to the Board of Directors of the Superstition Vistas Community Facilities District No. 1 (the "District') in connection with the proposed issuance by the District of its Assessment Area No.7 Special Assessment Bonds,Series 2025(the "Bonds") in a principal amount of not to exceed $1,695,000,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 II; (ii)maps showing, in general, the location of the Public Infrastructure and the area to be benefited by the Public Infrastructure—Section III;(iii)an estimate of the cost to acquire,operate and maintain the Public Infrastructure and timetable for the acquisition of the Public Infrastructure—Section IV; and(iv) a plan for financing the Public Infrastructure—Section V. 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,municipal advisors,appraisers,counsel, engineers, District staff, City (as defined herein) staff and other experts have been consulted as deemed appropriate. GENERAL DESCRIPTION OF THE DISTRICT The District consists of approximately 1,375 acres of a larger 2,783-acre project within the City of Apache Junction, Arizona (the "City"), where D. R. Horton, Inc., a corporation organized and existing pursuant to the laws of the State of Delaware (the "Developer"), was the successful bidder at the public auction conducted by Arizona State Land Department("ASLD")and pursuant to the terms of the Certificate of Purchase 53-120190 executed November 12, 2020, as thereafter amended. The Developer is now developing the mixed use, master planned community known as Radiance at Superstition Vistas (the "Project'). The Project is located east of Meridian Road,west of Ironwood Drive, south of Elliot Avenue and north of Ray Avenue. Construction on the Project commenced in November 2021, and the first home closings occurred in June 2023. Single family residential units represent approximately 700 acres within the Project.Non-residential development comprises approximately 675 acres within the Project and includes churches, government,police and fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The real property comprising Assessment Area No.7 consists of 339 lots(the"Assessed Lots")and is approximately 50 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. I- 1 The following chart characterizes the approximate acreage within the District as well as the acreage within Assessment Area No. 7,which is fully within the boundaries of the District. Approximate Approximate Assessment Area Total District District Acres No. 7 Lot Area Acres Single Family Residential 700 50 Non-Residential(a) 675 0 Total 1,375 50 (a) Includes churches,police and fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The District was created to assist with financing the acquisition of public infrastructure and public infrastructure purposes, including the Public Infrastructure, within the District. See Section 11 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. 7 is included in Appendix 1. Maps of the District, Assessment Area No. 7, including the location, in general, of the Public Infrastructure, are included in Section II1. The proposed acquisition of the Public Infrastructure as defined in this Report is consistent with the approved General Plan for the District. 1-2 SECTION II 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. Eligible for Acquisition Funding from Project Certified Paid by Prior Bonds and Completion Description Total Estimated Cost Engineer's Cost Bonds* Future Bonds Date** Radiance Avenue 1. Phase IA $2,201,330 $2,201,330 $1,380,699 $820,631 April 2024 (SVRW-003, TR-003, LS-003) 2. Phase 113 (SVRNP-001, 4,192,822 4,192,822 4,192,822 April 2024 TR-003B, LS-003B) Total $6,394,152 $6,394,152 $1,380,699 $5,013,453 * The District previously financed portions of the Public Infrastructure with its Assessment Area No.4 Special Assessment Bonds,Series 2024,and its General Obligation Bonds, Series 2024. ** Completion represents the date by which the Public Infrastructure was constructed,which may differ by the date that it was accepted by the City or other governmental entities,as applicable. The Public Infrastructure is comprised of the construction of a roadway within the District known as Radiance Avenue, and includes construction of approximately 2,300 lineal feet within Phase 1A and 4,200 lineal feet within Phase 2B including eighty-three feet(83') of right-of-way street improvements with four and one-half inches (4 %2") of asphalt concrete over an asphalt base course subgrade of eight inches (8"), and vertical curb, storm drain, storm drain manholes, catch basins, water fire hydrants, water valves, non- potable water, six foot (6') detached concrete sidewalks, concrete ramps, pavement, pavement striping, traffic signage, dry utilities, street lighting, and landscaping. The Project was completed by the Developer and was accepted by the City of Apache Junction,or other governmental entity, in April 2024. Proceeds of the Bonds are reasonably expected to be used to finance the acquisition of all or a portion of the Public Infrastructure upon acceptance by the District and the City, or other governmental entities, as applicable, of such Public Infrastructure pursuant to the terms of the District Development, Financing Participation,Waiver and Intergovernmental Agreement(the"District Development Agreement"),recorded on February 23,2022, at Fee No. 2022-021689 in the records of Pinal County,Arizona(the"County"), and the terms and provisions of all applicable laws, ordinances, codes and rules. All interests in such Public Infrastructure financed by the District will be dedicated or otherwise transferred to the City or other governmental entities, as applicable, after acceptance. Additional portions of public infrastructure, as contemplated by the District's formational documents, may be constructed and will be subject to administrative approval by the District before such additional public infrastructure is eligible for funding from future bonds,if any. 11- 1 SECTION III MAPS OF THE DISTRICT SHOWING LOCATION OF PUBLIC INFRASTRUCTURE AND AREA TO BE BENEFITED The District ELLIOT AVENUE ChD NO. 1 1.375 ACRES WARNER AVENUE w /� > 0 � 1 1. 8 p �1 MEN--, N Y AVENUE Horz. 1 in.=2000fL III- 1 / } § \ 3 - © 1 ( , . } \ ( � � - § 7 � x �• . U) It _ ( ± - / o S U) ^ ± § \ = m \ \ \ - m < 2d , � SECTION IV ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE ESTIMATE OF COSTS AND TIMETABLE FOR ACQUISITION OF PUBLIC INFRASTRUCTURE The table in Section II 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 II. Listed below are the remaining Project costs eligible for funding from, and the estimated draw schedule of,the proceeds of the Bonds for acquisition of the Public Infrastructure. Remaining Eligible Public Infrastructure Project Costs Completion Date(a) Funds Draw Date Radiance Ave Phase lA $820,631 April 2024 March/April 2026 Radiance Ave Phase 1B 4,192,822 April 2024 March/April 2026 Total $5,013,453 (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. Iv- 1 SECTION V 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. 7. This Plan of Finance is subject to modificationto accommodate market conditions at the time of the actual sale of the Bonds and to the extent necessary to comply with federal and State law. (i) Formation and Authorization. In response to a petition from the Developer,the City Council formed the District on October 5,2021.As contemplated by the District Development Agreement,the District has the authority to issue the Bonds. (ii) Proposed Bond Sale. The estimated debt service schedule for the Bonds is included herein. It is anticipated that the Bonds will be sold and delivered in March/April 2026. The amount shown on the cover of this Report is a not-to-exceed amount; the actual aggregate principal amount of the Bonds issued may be lower.It is currently estimated that the Bonds will have a final maturity of not more than 25-years and be structured to achieve generally level annual debt service. The Bonds will not be rated by any rating agency. (iii) Per Lot Assessment Amount The per residential lot assessment amount is expected to be no more than$5,000.00 at the time of issuance of the Bonds. The Developer currently expects that at the time of sale of a home to the buyer,this amount will be assumed by the homebuyer and the assessment payments made over time. The $5,000.00 per residential lot assessment results in an annual assessment payment of approximately $400.00 per home, or approximately $33.30 per month, assuming an approximate 25-year maturity and a 6.00% interest rate. The special assessments are expected to be collected on behalf of the District by the Pinal County Treasurer's Office. V- 1 (iv) Estimated Sources and Uses of Funds. The proceeds of the Bonds will be applied by the District to finance the acquisition of all or a portion of the Public Infrastructure listed in Section II of this Report. The estimated sources and uses of funds related to the sale of the Bonds is: SOURCES: Principal Amount of Bonds $1,695,000.00 Total $1,695,000.00 USES*: Cost of Public Infrastructure $1,300,000.00 Debt Service Reserve Fund 135,700.00 Bond Fund(representing capitalized interest) 21,470.00 Estimated Costs of Issuance 237,830.00 Total $1,695,000.00 ESTIMATED COSTS OF ISSUANCE* Underwriter's Compensation $48,261.36 Bond Counsel 75,000.00 Underwriter's Counsel 20,000.00 Financial Advisor 50,000.00 District Engineer 15,000.00 Appraisal Fee 5,000.00 Registrar&Paying Agent 1,000.00 Official Statement Publishing 22,500.00 Miscellaneous 1,068.64 Total $237,830.00 (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. 7,prepared by Schnepf Ellsworth Appraisal Group,LLC on January 12, 2026. The appraisal demonstrates a value-to-lien ratio on a per lot basis of at least 21 to 1. A complete copy of the appraisal report is available upon request. (vi) Disclosure of Assessment Payments. A.R.S. Section 32-2181 et seq. requires the disclosure of all property taxes and assessments to be paid by a homeowner in the Arizona Department of Real Estate Subdivision Public Report (the "Public Report"). The Developer must supply each of its homebuyers a Public Report and, prior to any home sale, the homebuyer must acknowledge by signature that they have read and accepted the Public Report. In addition, the Developer will require the homebuyer to sign an additional form that highlights and discloses the additional assessment payments as a result of District financing. * Preliminary, subject to change. V-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 Total Tax 2025/26 General Proportion Applicable Rates Per$100 Net Assessed Obligation to the District(a) Net Assessed Limited Bonded Approximate Net Debt Linrited Property Overlapping Jurisdiction Property Value Debt(b) Percent Amount Property Value(c) State ofArizona $ 92,371,826,506 None 0.01% None None Pinal County 4,073,510,894 None 0.27% None $3.6659(d) Pinal County Cosimnznity College District 4,073,510,894 $ 47,810,000 0.27% $ 127,275 1.7611 Central Arizona Water Conservation District 4,073,510,894 None 0.27% None 0.1400(d) East Valley Institute of Technology 1,024,276,220 None 1.06% None 0.0500 Apache Junction Unified School District No.43 631,945,919 3,500,000 1.72% 60,059 3.5123 Superstition Fire&Medical District 609,939,494 1,338,000 1.78% 23,788 3.8000 City ofApache Junction 238,509,446 None 4.55% None None Superstition Vistas Community Facilities District No.1(e) 10,844,085 7,240,000 100.000/0 7,240,000 3.6000 $ 7,451,123 (a) Proportion applicable to Assessment Area No. 7 is not available. In future years, proportion applicable to the District will be used instead.For Tax Year 2025,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. 7 only encompasses the area shown on the maps in Section III, which is a smaller area than the area of the District, these amounts are greater than what actually overlaps such area. If the assessed value within the District increases at a faster rate than the overlapping jurisdictions, the amount of overlapping debt allocated for payment within the District will increase. (b) Includes total stated principal amount of general obligation bonds outstanding. Does not include outstanding principal amounts of certificates of participation or revenue obligations outstanding for the jurisdictions listed above. Also does not include outstanding principal amounts of bonds of various assessment districts or areas as the obligations of these districts or areas are presently being paid from special assessments against property within the various districts or areas. Does not include authorized but unissued general obligation bonds of such jurisdictions which may be issued in the future. V-3 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 $0.1620 tax rate of the Pinal County Flood Control District, the$0.0890 tax rate of the Pinal County Free Library,the$0.0519 tax rate for the contribution to the Pinal County Fire District Assistance and the$3.3630 tax rate of the County. The net assessed limited property value of the County Flood Control District does not include the personal property assessed valuation within the County. The net assessed limited property value for the CAWCD reflects the assessed valuation located within the County only. The County is mandated to levy a tax annually in support of fire districts in the County. All levies for library districts, hospital districts,fire districts,technology districts,water conservation districts and flood control districts are levied on the net full cash assessed value. (e) Does not include the Bonds. Does not include special assessment bonds outstanding in the aggregate principal amount of $6,537,000, or other special assessment bonds or general obligation bonds expected to be issued by the District in the future. The District levied the O&M Tax and taxes for general obligation bond debt service in fiscal year 2025/26 to collect revenues from the portion of the land within the District boundaries patented by the Developer and no longer owned by ASLD. The lien for taxes for both debt service and operation and maintenance purposes is superior and paramount to that for the Special Assessments with respect to the Bonds. Source: Pinal County Assessor Department, the various entities, the Pinal County Finance Department and Property Tax Rates and Assessed Values, Arizona Tax Research Association. V-4 ESTIMATED DEBT SERVICE SCHEDULE* Period Ending Principal Coupon Interest Debt Service 7/1/2026 $21,470 $21,470 7/1/2027 $34,000 6.000% 101,700 135,700 7/1/2028 35,000 6.000% 99,660 134,660 7/1/2029 38,000 6.000% 97,560 135,560 7/1/2030 40,000 6.000% 95,280 135,280 7/1/2031 42,000 6.000% 92,880 134,880 7/1/2032 45,000 6.000% 90,360 135,360 7/1/2033 48,000 6.000% 87,660 135,660 7/1/2034 50,000 6.000% 84,780 134,780 7/1/2035 53,000 6.000% 81,780 134,780 7/1/2036 56,000 6.000% 78,600 134,600 7/1/2037 60,000 6.000% 75,240 135,240 7/1/2038 63,000 6.000% 71,640 134,640 7/1/2039 67,000 6.000% 67,860 134,860 7/1/2040 71,000 6.000% 63,840 134,840 7/1/2041 76,000 6.000% 59,580 135,580 7/1/2042 80,000 6.000% 55,020 135,020 7/1/2043 85,000 6.000% 50,220 135,220 7/1/2044 90,000 6.000% 45,120 135,120 7/1/2045 95,000 6.000% 39,720 134,720 7/1/2046 101,000 6.000% 34,020 135,020 7/1/2047 107,000 6.000% 27,960 134,960 7/1/2048 114,000 6.000% 21,540 135,540 7/1/2049 120,000 6.000% 14,700 134,700 7/1/2050 125,000 6.000% 7,500 132,500 $1,695,000 $1,565,690 $3,260,690 (a) Interest column reflects total interest payments for each fiscal year; interest will be paid semi-annually on January 1 and July 1, commencing on July 1,2026*. * Preliminary, subject to change. V- 5 Reviewed and accepted by: DEVELOPER: D.R.HORTON,INC.,a Delaware corporation By: Name:Brent Davis Its:Division President—Phoenix [Signature Page] APPENDIX 1 LEGAL DESCRIPTION FOR ASSESSMENT AREA NO. 7 LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 7 Lots 1845 through 1944,inclusive,according to the Final Plat for Superstition Vistas—Phase 2B—Parcel 19.16, recorded as Fee No.2025-095726,Records of Pinal County,Arizona;and Lots 1945 through 2077,inclusive,according to the Final Plat for Superstition Vistas—Phase 2B—Parcel 19.24, recorded as Fee No.2025-095727,Records of Pinal County,Arizona;and Lots 2078 through 2183,inclusive,according to the Final Plat for Superstition Vistas—Phase 2B—Parcel 19.25, recorded as Fee No.2025-095730,Records of Pinal County,Arizona. APPENDIX 1 - 1 APPENDIX 2 EXECUTIVE SUMMARY OF APPRAISAL FOR ASSESSMENT AREA NO. 7 An Appraisal Report of the Market Value of the fee simple interest Superstition Vistas Community Facilities District No. 1 Assessment Area No. 7 339 lots within the Final Plat of Superstition Vistas - Phase 2B - Parcels 19.16, 19.24 and 19.25, located on the south side of Warner Avenue and the north side of Radiance Avenue between Grand Drive on the east and Reverence Road on the west, Apache Junction, Pinal y County, AZ '}y,- •�_-w (3'�1+ f T. B - ARNERM " •�.Y�''ttwluil.RRRIOIOR WARNERIRD''-_R.__„„Y� R1�nwn�YRnr! :Lfar IA I is ..7c • :�7 � 1- ..t. ; '.,l WF- IA:ClL \ 1 MY 1� C IA.tL it Prepared For: Superstition Vistas Community Facilities District No. 1 300 E. Superstition Boulevard Apache Junction,AZ 85119 Inspection Date: December 15, 2025 and January 7, 2026 Valuation Date: January 7, 2026 1'schnepFe11sworUh of praaa�c%r--��E� Prepared by: Real Estate Appraisers/Consultants - P.O. Box 2829, Mesa,Arizona, 85214 Phone 480.497.1113 E-mail larry@schnepfellsworth.com Job # 25-2624 Copy 1 of 1 Copyright 2026 by Schnepf Ellsworth Appraisal Group LLC O SCHNEPFELLSWORTHAPPRAISAL GROUP—25 2624 Executive Summary Type of Property: The subject consists of a single-family residential subdivision site Type of Report: Appraisal Report Class: Single-family residential subdivison land Job No.: 25-2624 Job Name: Superstition Vistas Community Facilities District No. 1 Assessment Area No. 7 Location: The subject is located on the south side of Warner Avenue and the north side of Radiance Avenue between Grand Drive on the east and Reverence Road on the west. It is a part of the Radiance at Superstition Vistas, Apache Junction, Arizona. Legal Description: A full legal description is included within the report. The legal description was obtained from public records. Statement of Ownership: Documents detailing the ownership retained in the addenda. Form of Ownership: Fee Simple Interest Property Rights Appraised: Market Value of the fee simple interest. Intended User/Intended Use (Function) of the Report: The intended users of this report are Superstition Vistas Community Facilities District No. 1 (Client and Intended User), the financial advisor Piper Sandler&Co.,City of Apache Junction,Arizona and special counsel Greenberg Traurig LLP (Intended Users). The intended use (function) of this appraisal will be in conjunction with the sale of tax-exempt assessment bonds,the proceeds of which will be used to finance public infrastructure within the Superstition Vistas Community Facilities District No. 1, Assessment Area No. 7. ii O SCHNEPFELLSWORTHAPPRAISAL GROUP—25 2624 Improvements Summary: The subject consists of a master-platted parcel consisting of 339 planned lots within the final plat for Radiance at Superstition Vistas Phase 2B. Assessor's Parcel: Assessor parcel numbers for the individual lots are not yet available. Flood Zone Designation: Zone X,Panel number 04021 CO200F, Effective date November 28, 2025. Site Area: The aggregate net total for the 339 lots is 2,167,488 square feet or 49.76 acres. The proposed development has a density of 4.40 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: December 15, 2025 and January 7, 2026 Date of Valuation: January 7, 2026 iii O SCHNEPFELLSWORTHAPPRA/SAL GROUP—2S 2624 Valuation Conclusions: As if As if Total As Is As is Complete Complete Parcel Lots Per lot Parcel Value Per lot Parcel Value SV CFD1.AA7, Parcel 19.16 100 $131,000 $13,100,000 $131,000 $13,100,000 SV CFD1.AA7, Parcel 19.24 133 $109,500 $14,563,500 $109,500 $14,563,500 SV CFD1.AA7, Parcel 19.25 106 $126,000 $13,356,000 $126,000 $13,356,000 Aggregate Total* 339 $41,019,500 $41,019,500 Average $121,001 $121,001 Rounded to $121,000 $121,000 *Sum of the individual lot totals The site improvements are 100%complete with the'As Wand'As if Complete'values the same. iv O SCHNEPFELLSWORTHAPPRA/SAL GROUP—2S 2624 Subject Photographs Photo as of December 15, 2025 1—Looking west along Sequra Ave at Grand Drive. 2 — Looking west along Sheppard Ave at Caballo Dr Parcel 19.24. 3 —Looking south across Parcel 19.24. 4—Looking south across Parcel 19.24. v O SCHNEPFELLSWORTHAPPRA/SAL GROUP—2S 2624 ;Fr— dew'r — 5—Looking southwest across Parcel 19.25. 6—Looking west across Parcel 19.25. 7—Looking north across Parcel 19.25. 8 —Looking northeast across Parcel 19.25. vi O SCHNEPFELLSWORTHAPPRA/SAL GROUP—25 2624 "h 9—Looking south between across Parcels 19.24 and 19.25. 10 — Looking southwest across Simone Ave and Caballo Dr. Parcel 19.24. 11 —Looking across Parcel 19.23. 12 —Looking west along Radiance Ave at Grand Ave. vii O SCHNEPFELLSWORTHAPPRA/SAL GROUP—2S 2624 v Feu 13 —Looking north across Parcel 19.16. 14 — Looking southwest at Calado Ave and Caballo on Parcel 19.16. 15 —Looking northwest along Waltz Ave at Solstice Ave Parcel 19.16. 16—Looking north across Parcel 19.16. viii O SCHNEPFELLSWORTHAPPRA/SAL GROUP—2S 2624 Photo update as of January 7, 1026 18 —Looking between Parcels 19.24 and 19.25. 17—Looking west across Parcel 19.24. 20—Looking east across Parcel 19.16. 19—Looking south across Parcel 19.25. ix ►P�"E�c�, City of Apache Junction, Arizona 300 E Superstition Boulevard o Agenda Item Cover Sheet Apache Junction,AZ U =i 85119 Agenda Item No.4. �Piz oN* File ID: 26-3 Sponsor: Agenda Date: 1/20/2026 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. SVCFD1 2026-002, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the levying of an assessment and assessment diagram for Assessment Area No. 7 within the district. City of Apache Junction,Arizona Pagel Printed on 111512026 RESOLUTION NO. SVCFDI 2026-002 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING THE LEVYING OF AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT AREA NO. 7 WITHIN THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 . WHEREAS, on January 20, 2026, the Board of Directors (this "Board") of the Superstition Vistas Community Facilities District No. 1 (the "District") passed and adopted Resolution No. SVCFDI 2026-001 (the "Resolution of Intention") , declaring its intention to acquire the Project (as defined in the Resolution of Intention) , together with all appurtenances and adjuncts pertaining thereto; determining that the District' s special assessment bonds shall be issued to represent the costs and expenses thereof; declaring the Project to be of more than local or ordinary public benefit; declaring that the costs and expenses thereof shall be assessed upon the residential lots within the boundaries of Assessment Area No. 7 (as defined in the Resolution of Intention) ; and providing that the Project shall be performed under the provisions of Title 48, Chapter 4, Article 6, Arizona Revised Statutes, and all amendments thereto; and WHEREAS, the Waiver (as defined in the Resolution of Intention) has been signed by the District, the developer, the landowners of the real property within the boundaries of Assessment Area No. 7 and any other persons having an interest in the real property within the boundaries of Assessment Area No. 7, waiving, among other things, all requirements for notice and time for protests against the Project and objections to the extent of the Assessment Area No. 7; and WHEREAS, a $5, 000 . 00 assessment shall be levied against all residential lots shown on the assessment diagram within Assessment Area No. 7 that have not prepaid such assessment; and WHEREAS, this Board has thereby acquired jurisdiction to order the acquisition and performance of the Project; RESOLUTION NO. SVCFDI 2026-002 PAGE 1 OF 5 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 AS FOLLOWS : SECTION 1 DEFINITIONS In this resolution, terms defined in the Resolution of Intention shall have the same meanings herein as therein. SECTION 2 PROJECT COST The estimate of costs and expenses for the Project, Incidental Expenses and Debt Service Reserve is as set forth hereafter, and the Estimate on file with the District is as follows : Project Costs Project Costs $1, 300, 000 . 00 TOTAL PROJECT COSTS $1, 300, 000 . 00 Incidental Expenses $259, 940 . 00 Debt Service Reserve 135, 060 . 00 GRAND TOTAL $1, 695, 000 . 00 SECTION 3 RATIFICATION OF LEVY OF ASSESSMENT The District Engineer has allocated the Project costs among the developable lots within the Assessment Area No. 7 benefitting from the Project and the levy by the Superintendent of Streets of an assessment against the real property in the Assessment Area No. 7 for an amount not greater than the grand total of costs set forth in Section 2 hereof, is hereby ratified; provided, however, the amount of the assessment may be reduced as actual costs are established and substituted for the estimated costs and as may be necessary to reduce any assessment made on any developable lot in the Assessment Area No. 7 to not more than $5, 000 . 00 . The Superintendent of Streets is hereby directed to record in its offices the assessment and record with the Pinal County Recorder a Notice of Assessment. RESOLUTION NO. SVCFDI 2026-002 PAGE 2 OF 5 SECTION 4 ASSESSMENT DIAGRAM Those certain duplicate assessment diagrams of the area to be assessed, prepared by the District Engineer, and heretofore filed with the District Clerk and the Superintendent of Streets, are hereby ratified and approved, and the District Clerk is hereby directed to certify the fact of such ratification and approval on the face of each of such diagrams including the date hereof as the date of such ratification and approval and to deliver a copy of the diagrams so certified to the Superintendent of Streets . SECTION 5 ASSESSMENT AND COLLECTION The preparation and recording by the District Engineer and Superintendent of Streets of an assessment against the real property contained within the Assessment Area No. 7 is hereby authorized and approved, or as applicable, ratified. The assessment shall be allocated among the parcels and residential lots within the Assessment Area No . 7 as shown on the Assessment Diagram, in the manner established by the District Engineer. The District Treasurer and Superintendent of Streets are each hereby authorized and directed to collect the assessment, and the District' s execution and delivery of a Community Facilities District Assessment Collection Agreement, by and between the District and the Treasurer of Pinal County, Arizona, in accordance with Arizona Revised Statutes § 48-721, is hereby authorized. SECTION 6 RATIFICATION All acts of the District Clerk, the District Engineer, the Superintendent of Streets and any person acting for such officials in furtherance of this resolution, whether such actions were prior to or are subsequent to the adoption of this resolution, are hereby ratified and confirmed. SECTION 7 . SEVERABILITY; AMENDMENT; RATIFICATION If any section, paragraph, clause or provision of this resolution shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of RESOLUTION NO. SVCFD1 2026-002 PAGE 3 OF 5 this resolution. The District Board hereby declares that this resolution would have been adopted with each and every other section, paragraph, subdivision, sentence, clause or phrase hereof and approved the assessment diagram and made the same findings and determinations pursuant hereto irrespective of the fact that any one or more sections, paragraphs, subdivisions, sentences, clauses or phrases of this resolution may be held illegal, invalid or unenforceable. SECTION 8 EFFECTIVE DATE This resolution shall be effective immediately. [Signature Page to Follow. ] RESOLUTION NO. SVCFDl 2026-002 PAGE 4 OF 5 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, THIS DAY OF JANUARY, 2026 . SIGNED AND ATTESTED TO THIS DAY OF , 2026 . WALTER "CHIP" WILSON Chairman, Board of Directors ATTEST : EVIE MCKINNEY District Clerk APPROVED AS TO FORM: RICHARD JOEL STERN District Counsel CERTIFICATE I hereby certify that the above and foregoing resolution was duly passed by the Board of Directors of the Superstition Vistas Community Facilities District No. 1 at a regular meeting held on January 20, 2026, 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. SVCFD1 2026-002 PAGE 5 OF 5 SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO . 1 ASSESSMENT AREA NO . 7 SHEET INDEX SHEET DESCRIPTION 01 COVER SHEET 02 KEY MAP & LEGEND VICINITY MAP 03 PARCEL 19.16 (LOTS 1845-1944) NTS 04 PARCEL 19.24 (LOTS 1945-2077) -- QA 05 PARCEL 19.25 (LOTS 2078-2183) FREEWAY TWARNER AVENUE (AZ 202) M CKE LIP > DISTRICT ENGINEER CERTIFICATION cr B N R ' � 1 o I HEREBY CERTIFY THAT THE PARCEL BOUNDARIES SHOWN AS DEPICTED ON Q THESE PLANS WERE SUPPLIED BY HILGART WILSON, LLC. ARE CORRECT TO THE i BEST OF MY KNOWLEDGE AND BELIEF. a NIV RSI D i of LLJ�U w p > AIN ST �e�ssslono/f® O O p taaQ �ROAD z RgDIgNCE q VENUE) - =� o a 22551 Lr- q ta- T-I Q O TIMOTHY D. � z o CRALL O °4► �q "HERN 9 s ed. P �IDNA V r, N �� p BA L E � 'l 01 /09/2026 DISTRI T ENGINEER DATE 05 0 0 o o } ¢ o APPROVED BY RESOLUTION NO.2026-00 SV CFD NO. 1 AT A MEETING OF THE 0 0 c¢ii can w J BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT ¢ m S z = NO. 1 ON THE TH DAY OF 2026. J ]�T_ LJ > � ELLIOT o ` RAY AVENUE zo o m DISTRICT CLERK DATE m = U WARNER CD 0 =I o Na (AZ 202) SANTAN FRWY ¢ THIS RAY AVE SIGNED; THIS DAY OF ,2026 PROJECT L �1 0p WILLIAMS FIELD SUBMITTED: SUPERINTENDENT OF STREETS DATE a v z PECOS RD 0 U D GERMANN RD O�0 F9T Q��ss%CAT ° FICA r s nn..�0 V 22861 r TIMOTHY D. z QUEEN CREEK CRALL �+ . �rm 0 S ned.S ' Q p p 0 Zry q NA 'P/20 SSA Q p p 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Z W ZOLd C ^'l Tel: 602.244.2566 / Fax: 602.244.8947 OfI_ W www.entellus.com Q O Q Q O (n m N N ry 0 J SUPERSTITION VISTAS COMMUNITY FACILITIES O J Q f Z w O 0 z N DISTRICT NO. 1 U N APACHE JUNCTION, ARIZONA 00 N COVER SHEET 0 ASSESSMENT AREA NO.7 0 SHEET TOTAL DRAWN BY: VS DESIGN BY: JB CHECK BY: TC NO: SHEETS w DATE: 01/09/2026 ENT PROJ #: 745.028H 01 05 I ' I AA NO . 7 ' I WARNER AVENUE low 1887 f986 18861984 f868 �l �� 1998 o I 1980 1981 f980 /J� I 1991 two Ins fs"IWO 1976 1974 � ` I I99R 1078 1888 � ' I 1904 soy 20"2009 Ro1O ROt 1 f87R I 1 1896 2006 RO18 201 2016 2018 971 pi f9 -is" O1 ROf8ROf9 f > I 2004 1970 - � �j � I �/ I 19" 20" 9091 $080 $0$9 RORB 0. 1899 $00$ Ron RORB RO$6 - I 88 20$4$0$9$0$$Ro$f$o$o $ool $01. O I $161 $000 $084 1989 `` I I ' O I $fB8 1998 2086 low -�-' 2041 ens $fe4 ROSS R0� - RJe6 $088 SHEET 04 '�' Rleo s7 �0 R°61$o6$$ohs z Rlee R169 $o R0" LOTS 1945-2077 '90e -- """"" ' 0 $187 $, R167 $'�B8 (133 LOTS) RADIANCE AVENUE ' f964 21e8 $166 2160 ROBB --•awvg0b8R068$ $06B 066,g I'I 4 , 2171 $170 $164 2188 ROBS low I I I I � I I 2140 $17$ $f68 $141 19eR fll —1 I Ro71 $07$$07s I 2161 2,48 2070 f864,866f868f967 19681960loso Joel I I Rf60 R144 Ziff $188 2149 $146 $188 z Rf86 z 2178 2148 2I84 T I R147 $188 R074 N 0174 2148 RISE 2076 1968 O I I 2176 218I 2118 2117 2110 2116 $114 $07'7 R07e f96$ $178 f9$8 Q I I $la0 Ills 1961 Ian I "•"" I $' SHEET 05 1960 192' ' R: LOTS 2078-2183 l�'� 19t9 '�° 104 2179 , R178 (1 06 LOTS) $1f0 f946$111 $11$ $118 I94e'e*7 1918 fBRe 19$6 I I zrzo R109 1817 1827 I $180 210 2108 Isle $1$6 1989 19$8 $181 $foe $096 2094 196 1980 is" � I $182 21" 20" 1914 1981 1941 I I I I $087 $0" 1940 1849 ' Rf88 $f04 R088 f9f8 188R I 2108 ROBS son low f998 2100 $091 1912 1984 Is" is"R090 ROSE 1987 I $078 2101 $oa7 2008 loft 1986 1888 U' ____________ '____ $078 RfOR 2086 f8f0 1886 1884 I 2080 1909 I890 is" 1846 7- I ' sow it" f88B Q I R08f fool $084 1807' f888 1887' '� 184e O 2082 2088 is" lase 188I I I 1880 I 0 1905 Is" 1888 rn ---------- N 1894 1879 1847 �- 1 1 00 19" 1806 1878 1846 O 1886 1 f849 c low 1874 1876 ��- -------------------- -0 1887 1879 1876 two _ -__�__ ------ w 1908 to" SHEET 0 3 1861tz ' 1901 Ins LOTS 1845-1944 1868 (100 LOTS) ' f866 1900 1880 9 1868 1867 186e 18B8 1861 1887 18B$ RADIANCE NCE AVENUE CD 00 04 1864 N O � � 1866 / Ins ol IL ' c , G� U o U � D 0 LEGEND: Qtsssslono/ 0_ 0 \FICAlF tios�i v 22861 ASSESSED IMPROVEMENTS r TIMOTHY D. z S (RADIANCE AVENUE) CRALL �r ADTM ASSESSMENT AREA EXTENTS Q �^ MATCH LINE gR/2oNA VS� `' LOT LINE 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Tel: 602.244.2566 / Fax: 602.244.8947 OG < 100 LOT NUMBER www.entellus.com w 1 ASSESSMENT AREA (AA) NO.7 - SITE DATA SUPERSTITION VISTAS COMMUNITY FACILITIES ° �� PARCELS 19.16 LOT COUNT: 100 DISTRICT NO. 1 U N i PARCELS 19.24 APACHE JUNCTION, ARIZONA = LOT COUNT: 133 °° KEY MAP N ARCELS LOT COUNT: 25 106 ASSESSMENT AREA NO.7 KEY MAP AA NO. 7 SHEET TOTAL i DRAWN BY: VS DESIGN BY: JB CHECK BY: TC SCALE: 1 "= 160' TOTAL LOT COUNT: 339 NO: SHEETS w DATE: 01/09/2026 ENT PROD #: 745.028H 02 05 LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT : 1845 7,491 01-07-1-19.16-1845 LOT : 1865 7,857 01-07-1-19.16-1865 LOT : 1885 7,350 01-07-1-19.16-1885 LOT : 1905 7,830 01-07-1-19.16-1905 LOT : 1846 9,445 01-07-1-19.16-1846 LOT : 1866 7,830 01-07-1-19.16-1866 1923 LOT : 1886 7,350 01-07-1-19.16-1886 LOT : 1906 7,779 01-07-1-19.16-1906 LOT : 1847 10,682 01-07-1-19.16-1847 LOT : 1867 9,121 01-07-1-19.16-1867 !'�� 1922 / LOT : 1887 8,303 01-07-1-19.16-1887 LOT : 1907 7,402 01-07-1-19.16-1907 LOT : 1848 7,439 01-07-1-19.16-1848 LOT : 1868 7,538 01-07-1-19.16-1868 !' Cj 1921 -'' ' ; /�--�-- � LOT : 1888 9,976 01-07-1-19.16-1888 LOT : 1908 7,200 01-07-1-19.16-1908 LOT : 1849 7,200 01-07-1-19.16-1849 LOT : 1869 8,073 01-07-1-19.16-1869 CJ 1920 , LOT : 1889 8,735 01-07-1-19.16-1889 LOT : 1909 7,841 01-07-1-19.16-1909 LOT : 1850 7,303 01-07-1-19.16-1850 LOT : 1870 8,176 01-07-1-19.16-1870 1919 A` ��-' �� - ' 1924 LOT : 1890 7,672 01-07-1-19.16-1890 LOT : 1910 8,167 01-07-1-19.16-1910 LOT : 1851 7,295 01-07-1-19.16-1851 LOT : 1871 8,046 01-07-1-19.16-1871 8 024 - - - - 7 763 � 1918 ,-' � , - 1925 LOT : 1891 01 07 1 19.16 1891 LOT : 1911 01-07-1-19.16-1911 LOT : 1852 7,200 01-07-1-19.16-1852 LOT : 1872 8,107 01-07-1-19.16-1872 �Cj� '' - 1926, � . LOT : 1892 8,826 01-07-1-19.16-1892 LOT : 1912 7,336 01-07-1-19.16-1912 LOT : 1853 7,546 01-07-1-19.16-1853 LOT : 1873 8,729 01-07-1-19.16-1873 _QQ` 1917 .'' -/ 1927 LOT : 1893 8,589 01-07-1-19.16-1893 LOT : 1913 7,478 01-07-1-19.16-1913 LOT : 1854 7,972 01-07-1-19.16-1854 LOT : 1874 10,646 01-07-1-19.16-1874 1928 1916 ,: / LOT : 1894 7,759 01-07-1-19.16-1894 LOT : 1914 7,544 01-07-1-19.16-1914 LOT : 1855 8,105 01-07-1-19.16-1855 LOT : 1875 8,270 01-07-1-19.16-1875 % ' 1929/ LOT : 1895 7,755 01-07-1-19.16-1895 LOT : 1915 7,544 01-07-1-19.16-1915 LOT : 1856 8,105 01-07-1-19.16-1856 LOT : 1876 8,325 01-07-1-19.16-1876 1915 �; �%� 1942 1930 LOT : 1896 8,241 01-07-1-19.16-1896 LOT : 1916 7,544 01-07-1-19.16-1916 LOT : 1857 8,014 01-07-1-19.16-1857 LOT : 1877 7,938 01-07-1-19.16-1877 �' LOT : 1897 8,747 01-07-1-19.16-1897 LOT : 1917 7,544 01-07-1-19.16-1917 LOT : 1858 7,363 01-07-1-19.16-1858 LOT : 1878 7,350 01-07-1-19.16-1878 1914 i / , 1931 1941 ' LOT : 1898 8,841 01-07-1-19.16-1898 LOT : 1918 7,544 01-07-1-19.16-1918 LOT : 1859 8,270 01-07-1-19.16-1859 LOT : 1879 7,350 01-07-1-19.16-1879 1913 , �/ ��' 1932 1940 - 1943 LOT : 1899 8,089 01-07-1-19.16-1899 LOT : 1919 7,544 01-07-1-19.16-1919 LOT : 1860 8,270 01-07-1-19.16-1860 LOT : 1880 7,350 01-07-1-19.16-1880 i 1939 .11 ``♦ LOT : 1900 7,320 01-07-1-19.16-1900 LOT : 1920 7,544 01-07-1-19.16-1920 LOT : 1861 8,270 01-07-1-19.16-1861 LOT : 1881 7,350 01-07-1-19.16-1881 ; ; 1933 ' LOT : 1901 7,540 01-07-1-19.16-1901 LOT : 1921 7,538 01-07-1-19.16-1921 LOT : 1862 8,267 01-07-1-19.16-1862 LOT : 1882 7,350 01-07-1-19.16-1882 ' 1938 ♦ 1944 - -''- LOT : 1902 7,795 01-07-1-19.16-1902 LOT : 1922 7,638 01-07-1-19.16-1922 LOT : 1863 7,320 01-07-1-19.16-1863 LOT : 1883 7,350 01-07-1-19.16-1883 1912 , l 1934 ; ` 1937 �� � ��- ♦ ♦ �--�- -� LOT : 1903 7,830 01-07-1-19.16-1903 LOT : 1923 7,551 01-07-1-19.16-1923 LOT : 1864 7,756 O1-07-1-19.16-1864 LOT : 1884 7,350 O1-07-1-19.16-1884 i / ` `� �' /' �'' � ,��-'' r 1911 i ' `��� 1936 /' -�` LOT : 1904 7,830 01-07-1-19.16-1904 LOT : 1924 7,859 01-07-1-19.16-1924 1883 ` 1910 ; ��` ��` 1935 , '/',� 1884 `� �` �; LOT TABLE 1909 1890 �`� `` � % .''� �1885 LOT N0. AREA SQ. ASSESSMENT N0. / . \ LOT : 1925 7,500 01-07-1-19.16-1925 !' 1908 �' � �`�� � / ��� 188s �� � � ` �� 7 535 - - - - `�`V 1891 � ` ' ' 1882 ; LOT • 1926 01 07 1 1916 1926 1907 , ' 1889 ` ; i ' 1887 1846 �` LOT : 1927 8,014 01-07-1-19.16-1927 1906 / 1892 ; 1881 LOT : 1928 8,329 01-07-1-19.16-1928 `v -� �1 - �� �' ' 1880 ; \ ; LOT : 1929 8,437 01-07-1-19.16-1929 1905eeloo .1/ 1893 1888 / �' 1847 1879 '/ �'� LOT : 1930 8,490 01-07-1-19.16-1930 � , , � 1904 .� 1894 1878 �� �� -�� LOT : 1931 8,488 01-07-1-19.16-1931 1895 �' 1848 �,�- LOT : 1932 8,282 01-07-1-19.16-1932 1903 i ,% 01 1896 / / �� 1877 /- 1849 /Y � ` LOT : 1933 8,058 01-07-1-19.16-1933 1874 1876 - LOT : 1934 7,817 01-07-1-19.16-1934 1897 1873 �� l �� 1875 �� 1850 1872 LOT . 1935 8,533 01-07-1-19.16-1935 ji -'' � •''� 1902 / i ------------ ► �♦ _-- 1851 LOT : 1936 7,905 01-07-1-19.16-1936 1852 �- LOT : 1937 7,782 01-07-1-19.16-1937 ♦ 1901 1899' 1870 ,/' -__-'' 1853 LOT : 1938 7,941 01-07-1-19.16-1938 1869 LOT : 1939 8,040 01-07-1-19.16-1939 ' 1854 LOT : 1940 7,903 01-07-1-19.16-1940 1900 1859 1857 1855 N `�� ` i ,% 18s0 1858 1856 �' LOT : 1941 9,149 01-07-1-19.16-1941 1868 cd o SIN 1861 - LOT : 1942 14,005 01-07-1-19.16-1942 �� `�`♦ i' LOT : 1943 9,454 01-07-1-19.16-1943 1867 1862 �' LOT : 1944 8,186 1 01-07-1-19.16-1944 tz 1863 ' LEGEND: �i ASSESSED IMPROVEMENTS N %� -' ♦��� 18s5 ; ' (RADIANCE AVENUE) ♦{y �: PARCEL LINE i �♦ ♦'� 1866 ' ;' ROW LINE LOT LINE �; ; �♦ �� !, ;' --------------- EASEMENT LINE CENTER LINE ♦♦ ♦` J�`� ,%� 100 LOT NUMBER ♦ ♦ . P ,% ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- o ♦♦ ♦♦ �� G� ' 01-01-1-19.2-100 DEVELOPMENT UNIT # -PARCEL # -LOT # PO ;' �ossslono/F®� 0 ♦ % O�Q q♦F%cA r - ,a qu 22861 o , TIMOTHY D. z i CRALL ALO i Ri'2oNq V S 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Tel: 602.244.2566 / Fax: 602.244.8947 a www.entellus.com Q SUPERSTITION VISTAS z ' COMMUNITY FACILITIES DISTRICT NO. 1 N APACHE JUNCTION, ARIZONA 00 N PARCEL NO. 19. 16 0 ASSESSMENT AREA NO. 7 0 80 40 0 80 160 SHEET TOTAL DRAWN BY: VS DESIGN BY: JB CHECK BY: TC NO: SHEETS w SCALE: 1 80 DATE: 01/09/2026 ENT PROJ #: 745.028H 03 05 LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT : 1945 4,825 01-07-1-19.24-1945 LOT : 1965 4,615 01-07-1-19.24-1965 LOT : 1985 4,670 01-07-1-19.24-1985 LOT : 1946 4,825 01-07-1-19.24-1946 LOT : 1966 4,598 01-07-1-19.24-1966 LOT : 1986 4,825 01-07-1-19.24-1986 LOT : 1947 4,825 01-07-1-19.24-1947 LOT : 1967 4,709 01-07-1-19.24-1967 LOT : 1987 4,825 01-07-1-19.24-1987 LOT : 1948 4,825 01-07-1-19.24-1948 LOT : 1968 4,906 01-07-1-19.24-1968 LOT : 1988 4,825 01-07-1-19.24-1988 LOT : 1949 4,825 01-07-1-19.24-1949 LOT : 1969 4,906 01-07-1-19.24-1969 LOT : 1989 4,825 01-07-1-19.24-1989 LOT : 1950 4,825 01-07-1-19.24-1950 LOT : 1970 4,600 01-07-1-19.24-1970 LOT : 1990 4,825 01-07-1-19.24-1990 LOT : 1951 4,825 01-07-1-19.24-1951 LOT : 1971 4,593 01-07-1-19.24-1971 LOT : 1991 4,825 01-07-1-19.24-1991 LOT : 1952 4,825 01-07-1-19.24-1952 LOT : 1972 5,747 01-07-1-19.24-1972 LOT : 1992 4,825 01-07-1-19.24-1992 ------ - LOT : 1953 4,825 01-07-1-19.24-1953 LOT : 1973 6,683 01-07-1-19.24-1973 LOT : 1993 4,825 01-07-1-19.24-1993 LOT : 1954 4,474 01-07-1-19.24-1954 LOT : 1974 6,671 01-07-1-19.24-1974 LOT : 1994 4,960 01-07-1-19.24-1994 ----_____ LOT : 1955 4,474 01-07-1-19.24-1955 LOT : 1975 4,913 01-07-1-19.24-1975 LOT : 1995 4,848 01-07-1-19.24-1995 -- ---___ LOT : 1956 4,474 01-07-1-19.24-1956 LOT : 1976 4,513 01-07-1-19.24-1976 LOT : 1996 4,852 01-07-1-19.24-1996 -- ---___ LOT : 1957 4,474 01-07-1-19.24-1957 LOT : 1977 4,513 01-07-1-19.24-1977 LOT : 1997 4,855 01-07-1-19.24-1997 LOT : 1958 4,691 01-07-1-19.24-1958 LOT : 1978 4,512 01-07-1-19.24-1978 LOT : 1998 4,846 01-07-1-19.24-1998 ------------------- 1988 1987 1986 1985 1984 LOT : 1959 4,691 01-07-1-19.24-1959 LOT : 1979 4,511 01-07-1-19.24-1979 LOT : 1999 4,606 01-07-1-19.24-1999 1989 19831982 LOT : 1960 4,667 01-07-1-19.24-1960 LOT : 1980 4,482 01-07-1-19.24-1980 LOT : 2000 4,550 01-07-1-19.24-2000 1990 ___ ____ ___ _ 1981 1980 1979 1978 1977 LOT : 1961 4,492 01-07-1-19.24-1961 LOT : 1981 4,440 01-07-1-19.24-1981 LOT : 2001 4,524 01-07-1-19.24-2001 1992 1991 __ _ 1976 )975 1974 LOT : 1962 4,437 01-07-1-19.24-1962 LOT : 1982 4,425 01-07-1-19.24-1982 LOT : 2002 4,561 01-07-1-19.24-2002 1973 LOT : 1963 4,755 01-07-1-19.24-1963 LOT : 1983 4,425 01-07-1-19.24-1983 LOT : 2003 4,789 01-07-1-19.24-2003 1993 % _____ - _ _ __ �� LOT : 1964 5,206 01-07-1-19.24-1964 LOT : 1984 4,425 01-07-1-19.24-1984 LOT : 2004 5,774 01-07-1-19.24-2004 2008 � �� 1972 1994 ' /' :' 2006 2007 2009 2010 2011 - -'-- ---- ---- ---- ` 2012 % 20132014 LOT TABLE LOT TABLE LOT TABLE 1995 ' ;' 2005 2015 2016 i 1971 2017 ,2018 2019 i i LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. 1996 � 2004 1970 LOT : 2005 6,357 01-07-1-19.24-2005 LOT : 2025 4,595 01-07-1-19.24-2025 LOT : 2045 4,438 01-07-1-19.24-2045 / ♦ LOT : 2006 6,000 01-07-1-19.24-2006 LOT : 2026 4,418 01-07-1-19.24-2026 LOT : 2046 4,438 01-07-1-19.24-2046 1997 2003 2030 2029 2028 ---------- ' 2031 2027 i I LOT : 2007 6,010 01-07-1-19.24-2007 LOT : 2027 4,435 01-07-1-19.24-2027 LOT : 2047 4,438 01-07-1-19.24-2047 1998 2002 2032 -- _ 2026 2025 2024 - LOT : 2008 5,877 01-07-1-19.24-2008 LOT : 2028 4,733 01-07-1-19.24-2028 LOT : 2048 4,438 01-07-1-19.24-2048 / 2021 --- i' ;' 2001 2033 2022 2020 i ,�-- LOT : 2009 4,762 01-07-1-19.24-2009 LOT : 2029 5,065 01-07-1-19.24-2029 LOT : 2049 4,446 01-07-1-19.24-2049 , _ - - -__-- 1969 LOT : 2010 4,488 01-07-1-19.24-2010 LOT : 2030 5,524 01-07-1-19.24-2030 LOT : 2050 4,548 01-07-1-19.24-2050 ' 2000 2034 / _------- - _ _ - --- J i i LOT : 2011 4,422 01-07-1-19.24-2011 LOT : 2031 5,943 01-07-1-19.24-2031 LOT : 2051 4,548 01-07-1-19.24-2051 1999 2035 ' - - _ - - - 1968 LOT : 2012 4,405 01-07-1-19.24-2012 LOT : 2032 5,547 01-07-1-19.24-2032 LOT : 2052 4,548 01-07-1-19.24-2052 �i 2040 2041 2042 2043 2044 --- ---- ---- ---N" 1� LOT : 2013 4,422 01-07-1-19.24-2013 LOT : 2033 5,482 01-07-1-19.24-2033 LOT : 2053 4,548 01-07-1-19.24-2053 2036 � ; 2045 2048 2047 � 1 1967 2048 LOT : 2014 4,558 01-07-1-19.24-2014 LOT : 2034 4,616 01-07-1-19.24-2034 LOT : 2054 4,493 01-07-1-19.24-2054 2039 2049 2051 2037 �i i 2050 2052 2053 �� 1966 LOT : 2015 4,702 01-07-1-19.24-2015 LOT : 2035 5,063 01-07-1-19.24-2035 LOT : 2055 4,624 01-07-1-19.24-2055 2038 LOT : 2016 4,710 01-07-1-19.24-2016 LOT : 2036 5,084 01-07-1-19.24-2036 LOT : 2056 4,538 01-07-1-19.24-2056 I2066 1965 LOT : 2017 4,486 01-07-1-19.24-2017 LOT : 2037 5,262 01-07-1-19.24-2037 LOT : 2057 4,491 01-07-1-19.24-2057 2067 2065 2064 20632062 �, , LOT : 2018 4,486 01-07-1-19.24-2018 LOT : 2038 4,483 01-07-1-19.24-2038 LOT : 2058 4,477 01-07-1-19.24-2058 2061 1964 ' 2068 2060 2059 2058 LOT : 2019 4,486 01-07-1-19.24-2019 LOT : 2039 5,345 01-07-1-19.24-2039 LOT : 2059 4,487 01-07-1-19.24-2059 2057 2056 2055 2054 N . ' --__ 1963 LOT : 2020 4,819 01-07-1-19.24-2020 LOT : 2040 6,412 01-07-1-19.24-2040 LOT : 2060 4,517 01-07-1-19.24-2060 2069 - -- ---- ----- ___ _ �' ,�- �_ ____ _---- - � LOT : 2021 4,865 01-07-1-19.24-2021 LOT : 2041 6,089 01-07-1-19.24-2041 LOT : 2061 4,521 01-07-1-19.24-2061 / 1962 LOT : 2022 4,908 01-07-1-19.24-2022 LOT : 2042 4,438 01-07-1-19.24-2042 LOT : 2062 4,482 01-07-1-19.24-2062 4,807 01-07-1-19.24-2023 LOT : 2043 4,438 01-07-1-19.24-2043 LOT : 2063 4,482 01-07-1-19.24-2063 ' ' LOT : 2024 4,778 01-07-1-19.24-2024 LOT : 2044 4,438 01-07-1-19.24-2044 LOT : 2064 4,967 01-07-1-19.24-2064 Q i 2071 - ---- ---- ---- --_ <2 2070 2072 2073 ---- I 19541955 19,561957 1958 1959 1960 1961 LOT TABLE LEGEND: LOT NO. AREA (SQ.FT) ASSESSMENT NO. y LOT : 2065 5,494 01-07-1-19.24-2065 PARCEL LINE 00 o ♦ ROW LINE LOT : 2066 6,404 01 07 1 19.24 2066 A 2074 ♦ LOT LINE ;' ' ♦' 1953 LOT : 2067 6,877 01-07-1-19.24-2067 --------------- EASEMENT LINE 2075 ; / ; LOT : 2068 5,966 01-07-1-19.24-2068 - - CENTER LINE 2076 ;' / i 1952 LOT : 2069 5,298 01-07-1-19.24-2069 100 LOT NUMBER 0 2077 , % ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- 01-01-1-19.2-100 DEVELOPMENT UNIT # -PARCEL # -LOT # / LOT : 2070 6'320 01-07-1-19.24-2070 1951 i _.--'' ♦ ' !'� �� LOT : 2071 6,355 01-07-1-19.24-2071 1950 LOT : 2072 4,432 01-07-1-19.24-2072 D f 1949 cJ�G l o � �'� LOT : 2073 4,400 01-07-1-19.24-2073 �Qto�ssslono/ ``te G��q\FICArF�os�� i 1948 !' qw LOT : 2074 5,330 01-07-1-19.24-2074 a 22sst `C� a s_ 1947 �� LOT : 2075 5,345 01-07-1-19.24-2075 TIMOTHY D. " 1946 cRALL j11 jAnTM z 1945 ,CG� ' a LOT : 2076 5,350 01-07-1-19.24-2076 LOT : 2077 5,362 01-07-1-19.24-2077 ��ZDNA 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Tel: 602.244.2566 / Fax: 602.244.8947 a www.entellus.com Q SUPERSTITION VISTAS z COMMUNITY FACILITIES DISTRICT NO. 1 U N APACHE JUNCTION, ARIZONA 00 N PARCEL NO. 19.24 0 ASSESSMENT AREA NO. 7 80 40 0 80 160 SHEET TOTAL DRAWN BY: VS DESIGN BY: JB CHECK BY: TC NO: SHEETS Lijw SCALE: 1 80 DATE: 01/09/2026 ENT PROJ #: 745.028H 04 05 LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT : 2078 6,670 01-07-1-19.25-2078 LOT : 2098 7,187 01-07-1-19.25-2098 LOT : 2118 7,309 01-07-1-19.25-2118 LOT : 2079 6,000 01-07-1-19.25-2079 LOT : 2099 7,164 01-07-1-19.25-2099 LOT : 2119 7,081 01-07-1-19.25-2119 LOT : 2080 6,250 01-07-1-19.25-2080 LOT : 2100 7,011 01-07-1-19.25-2100 LOT : 2120 7,710 01-07-1-19.25-2120 LOT : 2081 6,168 01-07-1-19.25-2081 LOT : 2101 7,730 01-07-1-19.25-2101 LOT : 2121 7,027 01-07-1-19.25-2121 LOT : 2082 6,323 01-07-1-19.25-2082 LOT : 2102 6,296 01-07-1-19.25-2102 LOT : 2122 6,969 01-07-1-19.25-2122 LOT : 2083 6,428 01-07-1-19.25-2083 LOT : 2103 8,151 01-07-1-19.25-2103 LOT : 2123 6,824 01-07-1-19.25-2123 LOT : 2084 6,796 01-07-1-19.25-2084 LOT : 2104 7,138 01-07-1-19.25-2104 LOT : 2124 6,925 01-07-1-19.25-2124 2161 LOT : 2085 7,215 01-07-1-19.25-2085 LOT : 2105 6,585 01-07-1-19.25-2105 LOT : 2125 7,297 01-07-1-19.25-2125 2162 2163 LOT : 2086 7,324 01-07-1-19.25-2086 LOT : 2106 6,572 01-07-1-19.25-2106 LOT : 2126 9,806 01-07-1-19.25-2126 -' % 2164 -�� �� LOT : 2087 7,587 01-07-1-19.25-2087 LOT : 2107 6,984 01-07-1-19.25-2107 LOT : 2127 7,205 01-07-1-19.25-2127 2165 LOT : 2088 6,621 01-07-1-19.25-2088 LOT : 2108 6,841 01-07-1-19.25-2108 LOT : 2128 6,550 01-07-1-19.25-2128 ' '' LOT : 2089 6,896 01-07-1-19.25-2089 LOT : 2109 6,807 01-07-1-19.25-2109 LOT : 2129 6,756 01-07-1-19.25-2129 2166 LOT : 2090 6,856 01-07-1-19.25-2090 LOT : 2110 6,653 01-07-1-19.25-2110 LOT : 2130 6,550 01-07-1-19.25-2130 2159 2167 / 2158 LOT : 2091 7,227 01-07-1-19.25-2091 LOT : 2111 6,604 01-07-1-19.25-2111 LOT : 2131 6,550 01-07-1-19.25-2131 ' 2168 ' , 2157 LOT : 2092 7,227 01-07-1-19.25-2092 LOT : 2112 6,703 01-07-1-19.25-2112 LOT : 2132 7,208 01-07-1-19.25-2132 2156 LOT : 2093 7,227 01-07-1-19.25-2093 LOT : 2113 6,618 01-07-1-19.25-2113 LOT : 2133 7,325 01-07-1-19.25-2133 2169 / ;' LOT 2094 7: , 863 01-07-1-19.25-2114 LOT : 2134 7 305 01-07-1-19. 2155 227 01-07-1-19.25-2094 LOT : 2114 6, 25-2134, 2170 ' LOT : 2095 7,484 01-07-1-19.25-2095 LOT : 2115 6,863 01-07-1-19.25-2115 LOT : 2135 6,668 01-07-1-19.25-2135 / 2154 2139 2171 �; LOT : 2096 7,134 01-07-1-19.25-2096 LOT : 2116 7,155 01-07-1-19.25-2116 LOT : 2136 6,632 01-07-1-19.25-2136 2153 2140 ' 2172 2141 / LOT . 2097 6,922 01-07-1-19.25-2097 LOT . 2117 7,239 01-07-1-19.25-2117 LOT . 2137 6,901 01-07-1-19.25-2137 ' 2152 2142 / LOT TABLE LOT TABLE LOT TABLE 2151 2143 LOT NO. AREA (SQ.FT) ASSESSMENT NO. LOT NO. AREA (SQFr) ASSESSMENT NO. LOT NO. AREA (SQ.FT) ASSESSMENT NO. 2150 2144 ,' '''' 2137 2138 � LOT : 2138 7,787 01-07-1-19.25-2138 LOT : 2158 7,366 01-07-1-19.25-2158 LOT : 2178 6,000 01-07-1-19.25-2178 ♦ ♦ 2149 2145 2136 LOT : 2139 6,642 01-07-1-19.25-2139 LOT : 2159 7,101 01-07-1-19.25-2159 LOT : 2179 6,000 01-07-1-19.25-2179 � 2♦� , � . ' 2135 LOT : 2140 6,507 01-07-1-19.25-2140 LOT : 2160 7,028 01-07-1-19.25-2160 LOT : 2180 6,000 01-07-1-19.25-2180 2173 ♦ ♦ ♦`♦ 2>46 Ile .11% �'� ' 2134 SEE SHEET 04 LOT : 2141 7,007 01-07-1-19.25-2141 LOT : 2161 6,813 01-07-1-19.25-2161 LOT : 2181 6,000 01-07-1-19.25-2181 2147 / 2133 2174 LOT : 2142 6,726 01-07-1-19.25-2142 LOT : 2162 6,764 01-07-1-19.25-2162 LOT : 2182 6,000 01-07-1-19.25-2182 ` � ; ` �♦ 2148 ' / 2132 LOT : 2143 6,490 01-07-1-19.25-2143 LOT : 2163 6,921 01-07-1-19.25-2163 LOT : 2183 6,000 01-07-1-19.25-2183 ' 2175 2131 2118 2117 2116 2115 2114 LOT : 2144 6,798 01-07-1-19.25-2144 LOT : 2164 6,921 01-07-1-19.25-2164 ♦♦ ♦ ``♦ ' , /' ' ♦ ` �`, '/ ' , ' 2130 2119 LOT : 2145 6,000 01-07-1-19.25-2145 LOT : 2165 6,292 01-07-1-19.25-2165 2176 ♦` ` .11101.111 2129 2120 _____ ______ _____ LOT : 2146 6,000 01-07-1-19.25-2146 LOT : 2166 6,250 01-07-1-19.25-2166 21,21 --- LOT : 2147 6,000 01-07-1-19.25-2147 LOT : 2167 6,250 01-07-1-19.25-2167 2177 2128 2122 - LOT : 2148 5,994 01-07-1-19.25-2148 LOT : 2168 6,250 01-07-1-19.25-2168 ------- ------ �♦ ` 2127 2>23 LOT : 2149 5,978 01-07-1-19.25-2149 LOT : 2169 6,250 01-07-1-19.25-2169 ` - - � � 2178 ♦; ` ♦` �� ---' i LOT : 2150 6,000 01-07-1-19.25-2150 LOT : 2170 6,250 01-07-1-19.25-2170 2124 �♦` --- 2111 2112 2113 i I LOT : 2151 6 : 244 01-07-1-19.25-2171 ;' . 000 01-07-1-19.25-2151 LOT 2171 6 2110 , , , `♦ 2125 ,/ ,�'' 2109 i LOT : 2152 6,000 01-07-1-19.25-2152 LOT : 2172 6,024 01-07-1-19.25-2172 `♦ i 2108 2180 ♦ ♦ ; ' / LOT : 2153 6,000 01-07-1-19.25-2153 LOT : 2173 6,072 01-07-1-19.25-2173 � o ♦� 2126 ;' / % 2107 i LOT : 2154 6,041 01-07-1-19.25-2154 LOT : 2174 6,250 01-07-1-19.25-2174 i N ' � 2181 ♦♦` `�` 2106 ' LOT : 2155 6,161 01-07-1-19.25-2155 LOT : 2175 6,250 01-07-1-19.25-2175 cd O ; ; / 000 01-07-1-19.25-2176 LOT : 2156 7 427 01-07-1-19.25-2156 LOT 2176 6 � ` . ♦ . � 2095 2094� , � , , 2182 ` ` �` ; ; 2105 2097 2096 ! / f LOT : 2157 6,215 01-07-1-19.25-2157 LOT : 2177 6,000 01-07-1-19.25-2177 0♦ ` � i _ ` ` 2104 - �� 2093 01 2183 2098 -,-'- ' 11 3 ` 2099 - - _-- ' 2092 2103 ;' ,---'- LEGEND: ' 2090 ' ' PARCEL LINE �- 2089 co 2078 ` ROW LINE o ` ♦ % 2088 2101 LOT LINE ` : : / ' ;' 2087 � ` � ♦ � � , , --------------- EASEMENT LINE �♦ 2079 ♦ `` 2102 ;' / ; - - CENTER LINE ♦ �; ` �♦ �� ♦ '� ' 2086 )00 LOT NUMBER �� ` ` % 0 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- ♦ �` 2080 01-01-1-19.2-100 <G DEVELOPMENT UNIT # -PARCEL # -LOT # 1 2085 S ` o ♦ 2081 S ` 2084 ----- ♦ : 2082 2083 s�` \F%coa F o s i 22861 ♦ ; ��--�• TIMOTHY D. 6 ` ♦ w v CRALL "+ 11OTM z Q ` ``♦ q S ned.SW+ �. ♦ R/2oNA V S 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 E Tel: 602.244.2566 / Fax: 602.244.8947 a www.entellus.com Q SUPERSTITION VISTAS COMMUNITY FACILITIES z DISTRICT NO. 1 U N APACHE JUNCTION, ARIZONA 00 N PARCEL NO. 19.25 0 ASSESSMENT AREA NO. 7 0 80 40 0 80 160 SHEET TOTAL DRAWN BY: VS DESIGN BY: JB CHECK BY: TC NO: SHEETS w SCALE: 1 80 DATE: 01/09/2026 ENT PROJ #: 745.028H 05 05 SUPERSTITION VISTAS CFD NO 1 . ROLL CALL DATE: W) Zo 1 20Z�o TIME: -32- YES EXCUSED NO CHAIRPERSON WILSON VICE CHAIRPERSON SCHROEDER BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEMBERJOHNSON BOARDMEMBER NESSER BOARDMEMBER SOLLER District Manager Bryant Powell Assistant District Manager Matt Busby District Clerk Evie McKinney Deputy District Clerk Amy Greening District Attorney Joel Stern District Director Mike Loggins District Controller Connie Chow ✓ District Administrative Assistant Rita Vineyard District Billing Supervisor Stacey Ramirez District Treasurer Angelie Hawley Utility Director Ted Wolff District Project Manager Charles Briggs District Comm/Mrktg.Director Kayla Fulmer Finance �-� pvo b S:\Templates&Forms\Roll Call -SVCFD NO 1 and 2-Attendance.doc SUPERSTION VISTAS CFD NO 1. VOTE - ROLL CALL ITEM # ZS'l� MEETING OF -0.(11 !21 MOTION BY: V m Sjwlp�r SECONDED BY: NOTES: YY110 YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER HECK BOARDMEMBER CROSS VICE CHAIRPERSON / SCHROEDER BOARDMEMBER NESSER BOARDMEMBER JOHNSON BOARDMEMBER SOLLER CHAIRPERSON WILSON TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL 0 Vote sheet 4 s:\templates&forms\city council\vote call -svcfd no 1.docx SUPERSTION VISTAS CFD NO 1. VOTE - ROLL CALL ITEM # Z.s- L09f) MEETING OF JUh"M W, ZOZ(D MOTION BY: HtLr— SECONDED BY: �V e-S�;er NOTES: teLo`u-ki1n No ' S`\/C-FD 1 7-0Z(.n-00 assasrru-n-f cm" Iyy �] 33 q w+- o v-e-r a-ffes Q-&diaruz fy V S M0 p- r bf- N� YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER JOHNSON BOARDMEMBER HECK BOARDMEMBER CROSS VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER BOARDMEMBER SOLLER CHAIRPERSON WILSON ✓ TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 5 s:\templates&forms\city council\vote call -svcfd no 1.docx SUPERSTION VISTAS CFD NO 1. VOTE - ROLL CALL ITEM # 2J-P'?j MEETING OF J00L0AN Zkc Zoe.-(P MOTION BY: V Soh SECONDED BY: 1`�`^'�►� NOTES: F-gSU V &FD I ? w- OUZ YES NO ABSTAINED BOARD MEMBERS: VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER V BOARDMEMBER HECK BOARDMEMBER SOLLER V BOARDMEMBER JOHNSON / BOARDMEMBER CROSS CHAIRPERSON WILSON V TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL I Vote sheet 6 s:\templates&forms\city council\vote call -svcfd no 1.docx Pp ACHt CITY OF APACHE JUNCTION o v` z SUPERSTITION VISTAS 4R!Z oNP COMMUNITY FACILITIES DISTRICT NO. 1 Tuesday, January 20, 2026 A. CALL TO ORDER I would like to call the Superstition Vistas Community Facilities District No. 1 Special Meeting of January 20, 2026, to order and ask everyone to put their cell phones on silent. B. ROLL CALL C. AGENDA 1. Consideration of approval of the minutes of the special meeting of November 18, 2025. Do I have a motion? wait for the motion and the 2nd. Roll Call 2. PUBLIC HEARING on the final assessment for Superstition Vistas Community Facilities District No. 1, Assessment Area No. 7. Call on Zach Sakas, CFD Counsel I will now open the public hearing. public con speak for S min. Would anyone like to speak on these items? Any discussion among the Board? I will now close the public hearing. There is no motion on this item. 3. Presentation, discussion and consideration of Resolution No. SVCFDI 2026-001. Call on Zach Any discussion among the board? Board con discuss. Do I have a motion? Wait for the motion and second. Roll Call 4. Presentation, discussion and consideration of Resolution No. SVCFDI 2026-002. Call on Zach Any discussion among the board? Board con discuss. Do I have a motion? Wait for the motion and second. Roll Call D. DISTRICT MANAGER REPORT— (none) E. DISTRICT DIRECTOR REPORT- (none) F. DISTRICT TREASURER REPORT— (none) G. ADJOURNMENT Meeting Adjourned. 01.20.2026 SVCFD No. 1. Item No. 1 —Approval of Minutes: I MOVE THAT THE MINUTES OF THE NOVEMBER 18, 2025, SPECIAL MEETING BE: (APPROVED) OR (DENIED). Item No. 3: 1 MOVE THAT RESOLUTION NO. SVCFD1 2026-001 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 RELATING TO APPROVAL OF THE FEASIBILITY REPORT FOR THE ACQUISITION AND FINANCING OF CERTAIN IMPROVEMENTS BENEFITTING THE DISTRICT; APPROVING THE PRIOR GIVING OF NOTICE OF HEARING RELATING TO THE FEASIBILITY REPORT; DECLARING THE DISTRICT BOARD'S INTENTION TO ACQUIRE THE IMPROVEMENTS DESCRIBED IN THE FEASIBILITY REPORT; FORMING AN ASSESSMENT AREA; 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. 7; AND ORDERING THE PUBLIC INFRASTRUCTURE PROJECTS PERFORMED BE: (APPROVED) OR (DENIED). Item No. 4: 1 MOVE THAT RESOLUTION NO. SVCFD1 2026-002, A RESOLUTION OF THE DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING THE LEVYING OF AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT AREA NO. 7 WITHIN THE DISTRICT BE: (APPROVED) OR (DENIED).