HomeMy WebLinkAbout2025 12.02 SVCFD No. 2 Minutes MEN City of Apache Junction, Arizona City Council Chambers 300 E Superstition City Blvd Blvd
Z Apache Junction,AZ
: Special Meeting Minutes 8519
* apachejunctionaz.gov
Superstition Vistas Community Ph:(480)982-8002
Facilities District No. 2
Doors are open to the public at least 15 minutes prior to the
posted meeting start time.
Tuesday, December 2,2025 6:00 PM City Council Chambers
A. Call to Order
Chair Wilson called the meeting to order at 6:00 p.m.
B. Roll Call
Present 7- Chairperson Wilson, Boardmember Schroeder, Boardmember Heck,
Boardmember Johnson, Boardmember Nesser, Boardmember Soller, and
Boardmember Cross
Staff in attendance:
Bryant Powell, District Manager
Matt Busby, Assistant District Manager
Evie McKinney, District Clerk
Joel Stern, District Attorney
C. Agenda Items
Present 7- Chairperson Wilson, Boardmember Schroeder, Boardmember Heck,
Boardmember Johnson, Boardmember Nesser, Boardmember Soller, and
Boardmember Cross
1. 25-587 Consideration of approval of minutes from the October 21, 2025 meeting.
Chair Wilson called for a motion.Boardmember Heck moved,seconded by Boardmember Nesser
that the minutes of the October 21,2025,Special Meeting be approved.
Yes: 7- Chairperson Wilson, Boardmember Schroeder, Boardmember Heck,
Boardmember Johnson, Boardmember Nesser, Boardmember Soller and
Boardmember Cross
No: 0
2. 25-588 Conduct a public hearing on the feasibility report for a proposed project to be
financed by the issuance of general obligation bonds of Superstition Vistas
Community Facilities District No. 2.
Zach Sakas, Esq. of Greenberg Traurig, outside counsel of the Superstition Vistas Community
Facilities District No 2. presented to the Board the general obligation bond series 2025 for Public
Hearing regarding the feasibility for the project. The bonds are to finance large sewer
improvements along the Meridian Road alignment in an amount not to exceed $2.5 million. The
bonds will reimburse a portion of what the developers spent so there will be another request for
funding in the future. The interest rate is not to exceed 8% but is expected to be much lower.
Residents are unable to prepay the bonds because they are levied over time. Resolution No.
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Superstition Vistas Community Special Meeting Minutes December 2,2025
Facilities District No. 2
SVCFD2 2025-008 will approve all the necessary bond documents.
Boardmember Heck asked for clarification about the feasibility report.
Mr. Sakas responded that the feasibility is at the Boards determination if the project is eligible.
Boardmember Heck inquired if Mr. Sakas, as the attorney for the developers determines the
financing information.
Mr. Sakas informed he represents the District, and the Board conducts a Public Hearing to
determine the feasibility of the project.
Mr. Busby informed Council that Mr. Sakas represents the District, not the developer.
Chair Wilson opened the Public Hearing at 6:09 p.m. Receiving no comments, Chair Wilson
closed the Public Hearing at 6:09 p.m.
3. 25-589 Presentation, discussion and consideration of Resolution No. SVCFD2
2025-008, approving the prior giving of notice of a public hearing with respect
to a feasibility report relating to the acquisition and financing of certain
improvements benefiting the Superstition Vistas Community Facilities District
No. 2; approving the feasibility report, authorizing the issuance of the District's
General Obligation Bonds, Series 2025; approving the form and authorizing
the execution and delivery of various documents related thereto; ratifying and
approving a preliminary official statement and approving a final official
statement relating to the bonds; levying an ad valorem tax on taxable property
in the District; awarding the bonds to the purchaser thereof; appointing a bond
registrar, transfer agent and paying agent for the bonds; and authorizing taking
other actions securing the payment of and relating to the bonds.
Chair Wilson called for a motion.Boardmember Johnson moved,seconded by Boardmember
Soller that Resolution No.SVCFD2 2025-008 be approved.
Yes: 7- Chairperson Wilson, Boardmember Schroeder, Boardmember Heck,
Boardmember Johnson, Boardmember Nesser, Boardmember Soller and
Boardmember Cross
No: 0
This item was discussed 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 6:11 p.m.
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Superstition Vistas Community Special Meeting Minutes December 2,2025
Facilities District No.2
ACCEPTED THIS Zb�" DAY OFJGIO CL61! 2026, BY THE CHAIR PERSON AND
DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO.
2 (CITY OF APACHE JUNCTION,ARIZONA).
SIGNED AND ATTESTED TO THIS 2,04'0 DAY OF JUnIIA , 2026.
WALTER"CHIP"WILSON
CHAIR PERSON
ATTEST:
tkk4�n�
EVIE MCKINNEY
DISTRICT CLERK
City of Apache Junction,Arizona Page 3