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HomeMy WebLinkAbout2026 04.21 SVCFD1 City Council Chambers City of Apache Junction, Arizona 300 E Superstition Blvd Apache Junction,AZ a, 85119 Special Meeting Agenda \ - apachejunctionaz.gov \RiZONr 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,April 21,2026 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 26-158 Consideration of approval of minutes of the special meeting of February 17, 2026 Attachments: SVCFD1MIN 2026 02 17 MINUTES DRAFT 2. 26-153 Presentation, discussion and consideration of Resolution No. SVCFD1 2026-005, a resolution of the district board of Superstition Vistas Community Facilities District No. 1, approving the First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement related to the acquisition of infrastructure, tax rates and assessments, and approving and authorizing all actions in connection with such substitution. Attachments: Resolution No. SVCFD1 2026-005 First Amendment to SVCFD1 CFD DA 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 1 Printed on 4/16/2026 City of Apache Junction, Arizona 300 E Superstition > Apache Junction,Boulevard 85119 _� Agenda Item Cover Sheet p ` Agenda Item No. 1. Piz File ID: 26-158 Sponsor: Agenda Date:4/21/2026 Index: In Control: Superstition Vistas Community Facili Consideration of approval of minutes of the special meeting of February 17, 2026 City of Apache Junction,Arizona Page 1 Printed on 4/16/2026 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 �Qrr 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, February 17,2026 6:00 PM City Council Chambers A. Call to Order Chair Wilson called the meeting to order at 6:00 p.m. B. Roll Call Present: 7- Chairperson Wilson Vice Chair Schroeder Boardmember Heck Boardmember Johnson Boardmember Nesser Boardmember Cross Boardmember Soller Staff in Attendance: Bryant Powell, District Manager Matt Busby, Assistant District Manager Evie McKinney, District Clerk Joel Stern, District Attorney Stacey Ramiez, District Billing Supervisor Angelie Hawley, District Treasurer Connie Chow, District Controller Rob Wisler,District Management Analyst Eli Richardson, District Management Analyst C. Agenda Items 1. 26-36 Consideration of approval of minutes of the special meeting of January 20, 2026. Vice Chair Schroeder moved,seconded by Boardmember Cross that the minutes of the January 20,2026,Special Meeting be approved. Yes: 7- Chairperson Wilson,Vice Chair Schroeder, Boardmember Heck, Boardmember Johnson, Boardmember Nesser, Boardmember Cross and Boardmember Soller No: 0 D. Public Hearing City of Apache Junction,Arizona Page 1 Superstition Vistas Community Special Meeting Minutes February 17,2026 Facilities District No. 1 2. 26-37 Conduct a public hearing on the final assessment for the Superstition Vistas Community Facilities District No. 1, Assessment Area No. 7. 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 7 in D.R. Horton's Radiance Development. He explained that this was for 339 lots owned by D.R. Horton at$5,000.00 per lot. The assessment will be paying for a portion of Radiance Avenue. Mr. Sakas explained Resolution No. SVCFD1 2026-003 approves the final assessment Public Hearing. Resolution No. SVCFD1 2026-004 approves the bond transactions with an amount not to exceed $1,000,695.00 and the related documents. The bonds are paid over a period of 25 years or the property owners can choose to prepay the assessment. The Board had no concerns. Chair Wilson opened the Public Hearing. Receiving no comments, he closed the Public Hearing. 3. 26-38 Presentation, discussion and consideration of Resolution No. SVCFD1 2026-003, a resolution of the district board of Superstition Vistas Community Facilities District No. 1 approving the final assessment for Assessment Area No. 7, 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. 7. Boardmember Heck moved,seconded by Boardmember Nesser Resolution No.SVCFD1 2026-003 be approved. Yes: 7- Chairperson Wilson,Vice Chair Schroeder, Boardmember Heck, Boardmember Johnson, Boardmember Nesser, Boardmember Cross and Boardmember Soller No: 0 This Item was addressed under Item No. 2. 4. 26-39 Presentation, discussion and consideration of Resolution No. SVCFD1 2026-004, a resolution of the district board of Superstition Vistas Community Facilities District No. 1, authorizing the issuance of the District's Assessment Area No. 7 Special Assessment Bonds, Series 2026; 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 Heck Resolution No.SVCFD1 2026-004 be approved. Yes: 7- Chairperson Wilson,Vice Chair Schroeder, Boardmember Heck, Boardmember Johnson, Boardmember Nesser, Boardmember Cross and Boardmember Soller No: 0 City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes February 17,2026 Facilities District No. 1 This Item was addressed under Item No. 2. E. District Manager Report F. District Director Report G. District Treasurer Report H. Adjournment Chair Wilson adjourned the meeting at 6:07 p.m. ACCEPTED THIS DAY OF , 2026, 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 2026. Walter"Chip" Wilson Chair Person ATTEST: Evie McKinney District Clerk City of Apache Junction,Arizona Page 3 City of Apache Junction, Arizona 300 E Superstition > Apache Junction,Boulevard 85119 _� Agenda Item Cover Sheet p ` Agenda Item No.2. Piz File ID: 26-153 Sponsor: Agenda Date:4/21/2026 Index: In Control: Superstition Vistas Community Facili Presentation, discussion and consideration of Resolution No. SVCFD1 2026-005, a resolution of the district board of Superstition Vistas Community Facilities District No. 1, approving the First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement related to the acquisition of infrastructure, tax rates and assessments, and approving and authorizing all actions in connection with such substitution. City of Apache Junction,Arizona Page 1 Printed on 4/16/2026 RESOLUTION NO . SVCFDI 2026-005 A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 APPROVING A FIRST AMENDMENT TO THE DISTRICT DEVELOPMENT, FINANCING PARTICIPATION, WAIVER AND INTERGOVERNMENTAL AGREEMENT RELATED TO ACQUISITION OF INFRASTRUCTURE, TAX RATES AND ASSESSMENTS; AND APPROVING AND AUTHORIZING ALL ACTIONS HERETOFORE AND HEREAFTER TAKEN IN CONNECTION HEREWITH NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, AS FOLLOWS : SECTION 1 FINDINGS A. At the time of formation of Superstition Vistas Community Facilities District No. 1 (the "District") , the District, the City of Apache Junction, Arizona (the "City") , and D.R. Horton, Inc . ("D.R. Horton") , entered into a District Development, Financing Participation, Waiver and Intergovernmental Agreement, dated as of February 22, 2022 (the "Original CFD Development Agreement") , recorded as Fee No. 2022-021689 in the official records of Pinal County. B . D. R. Horton has requested and the District has determined it to be in order to approve the First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement (the "First Amendment to CFD Development Agreement") , in substantially the form now on file with the clerk of the District in order to modify (i) the time permitted for the District to acquire certain infrastructure, (ii) certain matters relating to the property tax rate for the District' s general obligation bonds and (iii) the permitted amount of the District' s special assessment on any individual residential lot . RESOLUTION NO. SVCFDI 2026-005 PAGE 1 OF 4 SECTION 2 APPROVAL OF FIRST AMENDMENT TO CFD DEVELOPMENT AGREEMENT The First Amendment to CFD Development Agreement is hereby approved in substantially the form submitted herewith, with such changes, additions, deletions, insertions and omissions, if any, as the chairman of the District, with the advice of the manager of the District and the attorney of the District, shall authorize, and the execution and delivery of the First Amendment to CFD Development Agreement shall be conclusive evidence of the propriety of such document and the authority of the person or persons executing the same . The chairman of the District, with the advice of the manager of the District and the attorney of the District, is hereby authorized and directed to execute, and the clerk of the District to attest and deliver, the First Amendment to CFD Development Agreement on behalf of the District. SECTION 3 APPROVAL AND AUTHORIZATION OF ACTIONS All actions of the officers, officials, employees and agents of the District which conform to the purposes and intent of this resolution whether heretofore or hereafter taken are hereby ratified, confirmed and approved. The proper officers, officials, employees and agents of the District are hereby authorized and directed to do all such acts and things and to execute and deliver all such documents on behalf of the District as may be necessary to carry out the terms and intent of this resolution. The engagement by the District of outside legal counsel or consultants is hereby authorized. SECTION 4 NO LIABILITY OF OR FOR THE MUNICIPALITY; SEVERABILITY; AMENDMENT; EFFECTIVE DATE A. Neither the City nor the State of Arizona or any political subdivision of either (other than the District) shall be directly, indirectly or morally liable or obligated for the payment or repayment of any indebtedness, liability, cost, expense or obligation of the District, and neither the credit nor the taxing power of the City, the State of Arizona or any political subdivision of either (other than the District) shall be pledged therefor. RESOLUTION NO. SVCFDI 2026-005 PAGE 2 OF 4 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 it would have adopted this resolution and each and every other section, paragraph, clause or provision hereof and authorized the First Amendment to CFD Development Agreement pursuant hereto irrespective of the fact that any one or more sections, paragraphs, clauses or provisions may be held to be invalid, illegal or unenforceable . B. All resolutions or parts thereof inconsistent herewith are hereby waived to the extent only of such inconsistency. C. This resolution shall be effective immediately. Signature page to follow. RESOLUTION NO. SVCFDI 2025-005 PAGE 3 OF 4 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, THIS DAY OF 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: <'4•t6 .on A- 26 RICHARD JOEL STERN District Counsel RESOLUTION NO. SVCFD1 2026-005 PAGE 4 OF 4 When recorded, return to: Zachary D. Sakas, Esq. Greenberg Traurig, LLP 2375 East Camelback Road, Suite 800 Phoenix, Arizona 85016 FIRST AMENDMENT TO DISTRICT DEVELOPMENT, FINANCING PARTICIPATION, WAIVER AND INTERGOVERNMENTAL AGREEMENT by and among CITY OF APACHE JUNCTION, ARIZONA, SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, and D.R. HORTON, INC. Dated as of , 2026 THIS FIRST AMENDMENT TO DISTRICT DEVELOPMENT, FINANCING PARTICIPATION, WAIVER AND INTERGOVERNMENTAL AGREEMENT,dated as of , 2026(this"Amendment"), is entered into by and among the City of Apache Junction, Arizona, an Arizona municipal corporation (the "Municipality"); Superstition Vistas Community Facilities District No. 1, a community facilities district formed by the Municipality, and duly organized and validly existing, pursuant to the laws of the State of Arizona(the"District"); and D.R. Horton, Inc.,a Delaware corporation duly organized and validly existing pursuant to the laws of the State of Delaware (the "Developer"), which has an interest in certain property within the boundaries of the District and is an investor, developer, guarantor and indemnitor. The Property(as defined in the hereinafter defined CFD Development Agreement) is land granted to the Arizona State Land Department ("ASLD"), and ASLD has permitted the recordation of this Amendment on the Property pursuant to Section 2.7 of the Participation Contract (as defined in the CFD Development Agreement). RECITALS A. The Municipality, the District, and the Developer previously entered into the District Development, Financing Participation, Waiver and Intergovernmental Agreement, dated as of February 22, 2022, and recorded on February 23, 2022, as Fee No. 2022-021689 in the official records of Pinal County, Arizona (the "CFD Development Agreement"). B. In light of recent changes in the Pinal County Assessor process to determine assessed valuations of the Property within the boundaries of the District, as well as in order to facilitate the Developer's continued development of the Property,the Developer has requested this Amendment to modify provisions in the CFD Development Agreement pertaining to the District's tax rate for General Obligation Bonds, the permitted amount of the District's Assessments, and with respect to the timing of the District's acquisition of certain Infrastructure projects. C. The Mayor and Council of the Municipality approved the execution and delivery of this Amendment pursuant to Resolution No. 26-11, passed and adopted on April , 2026. D. The District Board of the District approved the execution and delivery of this Amendment pursuant to Resolution No. SVCFDI 2026-005, passed and adopted on April , 2026. E. The Municipality, the District, and the Developer now desire to amend the CFD Development Agreement as provided herein. AGREEMENT NOW, THEREFORE, in the joint and mutual exercise of their powers, in consideration of the above premises and of the mutual covenants herein contained and for other valuable consideration, and subject to the conditions set forth herein, the parties hereto agree that: l. In Section 1.1(a) of the CFD Development Agreement, the following definition is hereby added after the definition of"Auction Property" and before the definition of "Bonds": "Backbone Infrastructure" has the meaning ascribed in Section 2.2(b) of the Participation Contract. 2. Section 6.2(b) of the CFD Development Agreement is hereby deleted in its entirety and replaced with the following: "(b) A series of the General Obligation Bonds shall only be issued if the debt service therefor is reasonably projected to be amortized from amounts generated by a tax rate of not to exceed $5.00 per one hundred dollars ($100.00) of net assessed limited property valuation of taxable property within the boundaries of the District as indicated on the certified tax roll for the current tax year; provided, however, and notwithstanding the foregoing, General Obligation Bonds may be issued if authorized by the District Board, in its sole discretion, where a tax rate greater than $5.00 is necessary to pay the combined debt service of a proposed and any outstanding General Obligation Bonds if other financial assurances, sources of revenue or security acceptable to the District Board, in its sole discretion, are provided to secure the payment of debt service on the General Obligation Bonds." 3. Section 6.3(b)(1) of the CFD Development Agreement is hereby deleted in its entirety and replaced with the following: "(b)(1)The Assessments shall be levied based on the Financeable Amount, but in any case shall, subject to Section 6.3(d), not exceed $12,500.00 per single family residential lot. Upon the request of the District, the Developer shall submit data and other information pertaining to the expected average full cash value of the improved residential parcel,such as comparable sales prices, per foot construction costs, or independent estimates or appraisals." 4. The third sentence of Section 7.1 of the CFD Development Agreement is hereby replaced in its entirety to read as follows: "If sufficient Bond proceeds are not available, the Municipality or, as applicable, other governmental entity, shall accept such Infrastructure, subject to the right of the Developer within the immediately succeeding ten(10)years from the date of acceptance,or in the case of the Infrastructure which constitutes Backbone Infrastructure, within the immediately succeeding fifteen (15) years from the date of acceptance, to seek reimbursement from the District for the advance of Project Construction Costs an&or Segment Prices made by the Developer for the benefit of the District from future Bond proceeds; provided, if the Developer seeks reimbursement 2 there shall be deducted from the reimbursement amount the amount, if any, expended by the Municipality, the District or, as applicable, the other governmental entity, for the purposes described in Section 1.7(b)(3)." 5. The addresses for notices, certificates, or other communications under Section 10.12 of the CFD Development Agreement to the Developer and its legal counsel are hereby replaced in their entirety to read as follows: If to Developer: D. R. Horton, Inc. Attn: Legal Department 7689 East Pinnacle Peak Road, Suite 200 Scottsdale, Arizona 85255 With a copy to: Fennemore Craig, P.C. Attn: Jay S. Kramer 2384 East Camelback Road, Suite 600 Phoenix, Arizona 85016-3429 6. In accordance with this Amendment, conforming edits to the tax rate, assessment amount, and reimbursement period described in the Form of Disclosure Statement attached as Exhibit E to the CFD Development Agreement are hereby authorized and approved. 7. The CFD Development Agreement, as amended by this Amendment, is hereby ratified and shall remain in full force and effect. IN WITNESS WHEREOF, the officers of the Municipality and of the District have duly affixed their signatures and attestations, and the officers of the Developer their signatures, all as of the day and year first written above. [Signature Pages to Follow) 3 CITY OF APACHE JUNCTION, ARIZONA, a municipal corporation By: Walter"Chip" Wilson, Mayor STATE OF ARIZONA ) )ss. COUNTY OF PINAL ) The foregoing instrument was acknowledged before me this day of , 2026, by Walter "Chip" Wilson, as Mayor of the City of Apache Junction, Arizona, a municipal corporation under the laws of the State of Arizona. Notary Public (Affix Seal Here) ATTEST: Evie McKinney, City Clerk Pursuant to A.R.S. Section 11-952(D), this Amendment has been reviewed by the undersigned attorney for the Municipality who has determined that this Amendment is in proper form and is within the powers and authority granted pursuant to the laws of this State to the Municipality. Richard Joel Stern, City Attorney [Signature Page to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. 1] SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 By: Walter"Chip" Wilson, Chairman, District Board STATE OF ARIZONA ) )ss. COUNTY OF PINAL ) The foregoing instrument was acknowledged before me this day of , 2026, by Walter "Chip" Wilson, as Chairman of the Board of Directors of Superstition Vistas Community Facilities District No. 1, an Arizona community facilities district. Notary Public (Affix Seal Here) ATTEST: Evie McKinney, District Clerk Pursuant to A.R.S. Section 11-952(D), this Amendment has been reviewed by the undersigned attorney for the District, who has determined that this Amendment is in proper form and is within the powers and authority granted pursuant to the laws of this State to the District. Richard Joel Stern, District Counsel [Signature Page to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. 1] DEVELOPER: D.R. HORTON, INC., a Delaware corporation By: -- Name: Its: STATE OF ARIZONA ) )ss. COUNTY OF MARICOPA ) The foregoing instrument was acknowledged before me this day of 2026, by , the of D.R. HORTON, INC., a Delaware corporation. (Sea] and Expiration Date) Notary Public in and for the State of Arizona [Signature Page to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. 1] ACKNOWLEDGMENT AND CONSENT OF AJSD AND WUCFD Reference is made to that certain First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement, dated as of April , 2026 (the "CFD Development Agreement Amendment"), by and among the City of Apache Junction, Arizona (the "Municipality"), Superstition Vistas Community Facilities District No. 1 (the"District'),and D.R. Horton, Inc. (the "Developer"), to which this Acknowledgment and Consent (this "Acknowledgment and Consent")is attached. All capitalized terms used and not otherwise defined in this Acknowledgment and Consent shall have the meanings set forth in the CFD Development Agreement Amendment, or, as applicable, the Intergovernmental Agreement by and among the Water Utilities Community Facilities District (City of Apache Junction, Arizona) ("WUCFD"), the Apache Junction Sewer District (formerly known as the Superstition Mountains Community Facilities District No. 1) ("AJSD"), the Superstition Vistas Community Facilities District No. I and the Superstition Vistas Community Facilities District No. 2 Pertaining to Community Facilities District Operations, Infrastructure and Financings, dated as of November 30, 2021 and recorded January 24, 2022, in the Official Records of the Pinal County Recorder as Instrument No. 2022- 009053 (the "IGA"). The undersigned representatives of AJSD and WUCFD have had the opportunity and right to review the terms and provisions of the CFD Development Agreement Amendment,and, in accordance with the IGA, AJSD and WUCFD each hereby acknowledges and consents to the CFD Development Agreement Amendment and the continuing effect of the terms of Section 10.23 of the CFD Development Agreement, including, without limitation, accepting Infrastructure acquired by the District in accordance with the CFD Development Agreement and A.R.S. Title 48, Chapter 4, Article 6, as amended. Such Section 10.23 of the CFD Development Agreement remains in full force and effect and was not amended by the CFD Development Agreement Amendment. Dated as of April , 2026. [Signature pages to follow] WATER UTILITIES COMMUNITY FACILITIES DISTRICT (CITY OF APACHE JUNCTION, ARIZONA), an Arizona community facilities district By: Walter "Chip" Wilson, Chairman, Board of Directors STATE OF ARIZONA ) )ss. COUNTY OF PINAL ) The foregoing instrument was acknowledged before me this day of 2026, by Walter "Chip" Wilson, as Chairman of the Board of Directors of the Water Utilities Community Facilities District(City of Apache Junction,Arizona),an Arizona community facilities district. Notary Public ATTEST: Evie McKinney, District Clerk [Signature Page to Acknowledgment and Consent of AJSD and WUCFD to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. 1] APACHE JUNCTION SEWER DISTRICT, an Arizona community facilities district By: Kathleen Waldron, Chairperson, Board of Directors STATE OF ARIZONA ) } ss. COUNTY OF PINAL } The foregoing instrument was acknowledged before me this day of 2026, by Kathleen Waldron, as the Chairperson of the Board of Directors of the Apache Junction Sewer District, an Arizona community facilities district. Notary Public [Signature Page to Acknowledgment and Consent of AJSD and WUCFD to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. I] EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY INCLUDED IN THE DISTRICT A-I Wood, Patel &Associates, Inc. Revised March 9, 2021 480.834.3300 January 8, 2021 www.woodpatel.com WP# 205166.01 Page 1 of 4 See Exhibit "A" LEGAL DESCRIPTION Superstition Vistas D.R. Horton Parcel General Land Office (GLO) Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, a portion of GLO Lot 12 and a portion of the east half of Section 18 and GLO Lots 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, a portion of GLO Lots 1 and 2 and a portion of the east half of Section 19, and a portion of the north half of Section 30, Township 1 South, Range 8 East, of the Gila and Salt River Meridian, Pinal County, Arizona, more particularly described as follows: BEGINNING at the northeast comer of said Section 18, a 3-inch Pinal County brass cap in handhole, from which the east quarter comer of said Section 18, a 3-inch Pinal County brass cap in handhole, bears South 00'13'51" East (basis of bearing), a distance of 2639.88 feet; THENCE along the east line of said Section 18, South 00*13'51" East, a distance of 2639.88 feet, to said east quarter comer; THENCE South 00'17'10" East, a distance of 155.64 feet, to the northerly line of that certain Maricopa County Flood Control District Easement, recorded in Document 2011-062136, Pinal County Records (PCR); THENCE leaving said east line, along said northerly line, South 53'29'26" West, a distance of 4200.33 feet, to the south line of said Section 18; THENCE leaving said south line, South 53°29'13" West, a distance of 910,07 feet, THENCE leaving said northerly line, South 82'28'36" East, a distance of 583.29 feet, to the beginning of a curve; THENCE easterly along said curve to the left, having a radius of 3000.00 feet, concave northerly, through a central angle of 30039'58", a distance of 1605.68 feet, to the curves end; THENCE North 66'51'25" East, a distance of 540.51 feet, to the beginning of a curve; THENCE easterly along said curve to the right, having a radius of 2500.00 feet, concave southerly, through a central angle of 22°55'06", a distance of 1000.00 feet, to the north line of said Section 19 and the curves end; THENCE along said north line, North 89°46'31" East, a distance of 500.00 feet, to the northeast comer of said Section 19; THENCE leaving said north line, along the east line of said Section 19, South 00°17'35" East, a distance of 2641.12 feet, to the east quarter corner of said Section 19; THENCE South 00°17'01"East, a distance of 2640.28 feet,to the southeast corner of said Section 19; THENCE leaving said east line, along the south line of said Section 19, South 89'44'56" West, a distance of 702.14 feet, to the beginning of a curve; THENCE leaving said south line, westerly along said curve to the left, having a radius of 10000.00 feet, concave southerly, through a central angle of 11'16'39", a distance of 1968.29 feet, to the beginning of a reverse curve; 1-? Legal Description Revised March 9, 2021 Superstition Vistas January 8, 2021 D.R. Horton Parcel WP# 205166.01 Page 2 of 4 See Exhibit 'A" THENCE westerly along said reverse curve to the right,having a radius of 10000.00 feet,concave northerly, through a central angle of 11'56'03", a distance of 2082.89 feet, to the curves end; THENCE North 89'35'40" West, a distance of 1421.78 feet, to the southeast comer of Section 24, Township 1 South, Range 7 East, of the Gila and Salt River Meridian; THENCE along the east line of said Section 24, North 00.38'07"West, a distance of 2635.59 feet, to the east quarter comer of said Section 24; THENCE North 00'3T44" West, a distance of 2633.81 feet, to the southeast comer of Section 13, Township 1 South, Range 7 East, of the Gila and Salt River Meridian; THENCE leaving said east line, along the east line of said Section 13, North 00.39'46" West, a distance of 2637.45 feet, to the east quarter comer of said Section 13; THENCE North 00'3T58" West, a distance of 2637.66 feet, to the southeast corner of Section 12, Township 1 South, Range 7 East, of the Gila and Salt River Meridian; THENCE leaving said east line, along the east line of said Section 12, North 00'39'09" West, a distance of 75.01 feet; THENCE leaving said east line, South 89'37'08" East, a distance of 1403.26 feet, to a point of intersection with a non-tangent curve; THENCE southerly along said non-tangent curve to the left, having a radius of 1057.78 feet, concave easterly,whose radius bears South 87°35'14" East,through a central angle of 04'03'48", a distance of 75.02 feet, to a point of intersection with a non-tangent curve; THENCE easterly along said non-tangent curve to the left, having a radius of 10000.00 feet, concave northerly,whose radius bears North 00°22'43"East,through a central angle of 12009,59", a distance of 2123.45 feet, to the beginning of a reverse curve; THENCE easterly along said reverse curve to the right, having a radius of 10000.00 feet, concave southerly, through a central angle of 11'33'02",a distance of 2015.94 feet,to the north line of said Section 18 and the curves and; THENCE along said north line, North 89845'45" East, a distance of 703.03 feet, to the POINT OF BEGINNING, Containing 59,882,032 square feet or 1,374.7023 acres, more or less. Subject to existing right-of-ways and easements. This parcel description is based on client provided information and is located within an area surveyed by Wood, Patel & Associates, Inc. during the month of December, 2020. Any monumentation noted In this parcel description is within acceptable tolerance (as defined in Arizona Boundary Survey Minimum Standards dated 02/14/2002)of said positions based on said survey. L A �0 MO v WA%Pwc+DesaoftnMMM seo 01 SupwU6m Wks oa Mona,Pond Ln I R01 o 349 21 aoaF ICE,-Z'�j S'G� vj G 2�5 T L BRM J. mod. J S� 0"-23 � -i I NORTHEAST CORNER SECTION 18,T1S,R8E ELLIOT ROAD 3•PINAL COUNTY BCH C5 C7 L16 P08 L16 L17— C6— P" LOT 3 LOT 2 LOT 1 SEC 18 Q LOT LOT 5 � �/ LOT ) T1S,R8E 6 LY. 4 411 L2/ SEC 17 LOT LOT 8 LOT 7 T1 S R8E 9 EAS 1/4 CORNER d SECTION 18 T1S,R8E I LOT LOT 11 LOT 12 3'P NAL COUNTY BCH to L4 G2 L7 `6 WARNER ROAD L5 G� l6 _ 000 LOT 'LOT 2t 3 LOT 5 Q o LOT LOT 5 LOT 6 Q g py SEC 19 LOT T1S,R8E Q SEC 20 l� 9 LOT 8 LOT 7 / 71 S,R8E s��i C14 Q LOOT LOT 11 LOT 12 \ —1 L11 C4 C3 L10 RAY ROAD N �� LAko WOODI �,� a1�fAN s� EXHIBIT "A" `'� 23srs pm SUPERSTITION VISTAS DR HORTON PARCEL DER d Q,� a° 0310912021 �R WP#205166 01 A br PAGE 3 OF 4 NOT TO SCALE a4�n Z12 0 2 012 05 1 6 61Survey%Lega115166-L01R01.dwg A--i LINE TABLE CURVE TABLE LINE BEARING DISTANCE CURVE DELTA RADIUS ARC L1 S00013'514E 2639.88' CS 30039580 3000.00' 1605.68' L2 S00°1 T 10'E 155.84' C2 22'55'06' 2500.00' 1000.00' L3 S5302926'W 4200.33' C3 11.1619` 10000.00' 1968.29' L4 S53029'134W 910.07' C4 11056'03' 10000,00' 2082 89' L5 S82'2836"E 583.29' C5 4003'48" 1057.78' 75.02' L6 N66°51'25'E 540.51' C6 12009'59' 10000.00' 212345' L7 N89946'310E 500.00' C7 11°33'02' 10000.00' 2015 94' L8 S00'17'35"E 2641,12' L9 S00017'01'E 2640.28' L10 S89°44'56'W 702.14' L11 N89'35'40'W 1421.78' L12 N00'38'07'W 2635.59' L13 N00'37'44'W 2633.61' L14 N00'39'46'W 2637,45' L15 N00'37'58'W 2637.66' L16 N00'39'09'W 75.01' L17 S89°37'08'E 1403.26' L18 N89°45'45'E 703.03' �d LANL) EXHIBIT "A" �m SUPERSTITION VISTAS BRIAN Q.R HORTON PARCEL c �, "� �ry 03/09/2021 n WP#205166 01 N�. s PAGE 4 OF 4 NOT TO SCALE SMW23 Z:12020120516MurveyiLegaMl66-LOIROi.dwg A-5 When recorded, return to: Zachary D. Sakas, Esq. Greenberg Traurig, LLP 2375 East Camelback Road, Suite 800 Phoenix, Arizona 85016 FIRST AMENDMENT TO DISTRICT DEVELOPMENT, FINANCING PARTICIPATION, WAIVER AND INTERGOVERNMENTAL AGREEMENT by and among CITY OF APACHE JUNCTION, ARIZONA, SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1, and D.R. HORTON, INC. Dated as of , 2026 THIS FIRST AMENDMENT TO DISTRICT DEVELOPMENT, FINANCING PARTICIPATION, WAIVER AND INTERGOVERNMENTAL AGREEMENT, dated as of_ , 2026 (this"Amendment"), is entered into by and among the City of Apache Junction, Arizona, an Arizona municipal corporation (the "Municipality"); Superstition Vistas Community Facilities District No. 1, a community facilities district formed by the Municipality, and duly organized and validly existing, pursuant to the laws of the State of Arizona(the"District"); and D.R. Horton, Inc., a Delaware corporation duly organized and validly existing pursuant to the laws of the State of Delaware (the"Developer"), which has an interest in certain property within the boundaries of the District and is an investor, developer, guarantor and indemnitor. The Property(as defined in the hereinafter defined CFD Development Agreement) is land granted to the Arizona State Land Department ("ASLD"), and ASLD has permitted the recordation of this Amendment on the Property pursuant to Section 2.7 of the Participation Contract (as defined in the CFD Development Agreement). RECITALS A. The Municipality, the District, and the Developer previously entered into the District Development, Financing Participation, Waiver and Intergovernmental Agreement, dated as of February 22, 2022, and recorded on February 23, 2022, as Fee No. 2022-021689 in the official records of Pinal County, Arizona (the"CFD Development Agreement"). B. In light of recent changes in the Pinal County Assessor process to determine assessed valuations of the Property within the boundaries of the District, as well as in order to facilitate the Developer's continued development of the Property, the Developer has requested this Amendment to modify provisions in the CFD Development Agreement pertaining to the District's tax rate for General Obligation Bonds, the permitted amount of the District's Assessments, and with respect to the timing of the District's acquisition of certain Infrastructure projects. C. The Mayor and Council of the Municipality approved the execution and delivery of this Amendment pursuant to Resolution No. 26-1 1, passed and adopted on April , 2026. D. The District Board of the District approved the execution and delivery of this Amendment pursuant to Resolution No. SVCFDI 2026-005, passed and adopted on April , 2026. E. The Municipality, the District, and the Developer now desire to amend the CFD Development Agreement as provided herein. AGREEMENT NOW, THEREFORE, in the joint and mutual exercise of their powers, in consideration of the above premises and of the mutual covenants herein contained and for other valuable consideration, and subject to the conditions set forth herein, the parties hereto agree that: l. In Section 1.1(a) of the CFD Development Agreement, the following definition is hereby added after the definition of"Auction Property" and before the definition of "Bonds": "Backbone Infrastructure" has the meaning ascribed in Section 2.2(b) of the Participation Contract. 2. Section 6.2(b) of the CFD Development Agreement is hereby deleted in its entirety and replaced with the following: "(b) A series of the General Obligation Bonds shall only be issued if the debt service therefor is reasonably projected to be amortized from amounts generated by a tax rate of not to exceed $5.00 per one hundred dollars ($100.00) of net assessed limited property valuation of taxable property within the boundaries of the District as indicated on the certified tax roll for the current tax year; provided, however, and notwithstanding the foregoing, General Obligation Bonds may be issued if authorized by the District Board, in its sole discretion, where a tax rate greater than$5.00 is necessary to pay the combined debt service of a proposed and any outstanding General Obligation Bonds if other financial assurances, sources of revenue or security acceptable to the District Board, in its sole discretion, are provided to secure the payment of debt service on the General Obligation Bonds." 3. Section 6.3(b)(1) of the CFD Development Agreement is hereby deleted in its entirety and replaced with the following: "(b)(1)The Assessments shall be levied based on the Financeable Amount, but in any case shall, subject to Section 6.3(d), not exceed $12,500.00 per single family residential lot. Upon the request of the District, the Developer shall submit data and other information pertaining to the expected average full cash value of the improved residential parcel, such as comparable sales prices, per foot construction costs, or independent estimates or appraisals." 4. The third sentence of Section 7.1 of the CFD Development Agreement is hereby replaced in its entirety to read as follows: "If sufficient Bond proceeds are not available, the Municipality or, as applicable, other governmental entity, shall accept such Infrastructure, subject to the right of the Developer within the immediately succeeding ten(10) years from the date of acceptance,or in the case of the Infrastructure which constitutes Backbone Infrastructure, within the immediately succeeding fifteen (15) years from the date of acceptance, to seek reimbursement from the District for the advance of Project Construction Costs and,'or Segment Prices made by the Developer for the benefit of the District from future Bond proceeds; provided, if the Developer seeks reimbursement 2 there shall be deducted from the reimbursement amount the amount, if any, expended by the Municipality, the District or, as applicable, the other governmental entity, for the purposes described in Section 1.7(b)(3)." 5. The addresses for notices, certificates, or other communications under Section 10.12 of the CFD Development Agreement to the Developer and its legal counsel are hereby replaced in their entirety to read as follows: If to Developer: D. R. Horton, Inc. Attn: Legal Department 7689 East Pinnacle Peak Road, Suite 200 Scottsdale, Arizona 85255 With a copy to: Fennemore Craig, P.C. Attn: Jay S. Kramer 2384 East Camelback Road, Suite 600 Phoenix, Arizona 85016-3429 6. In accordance with this Amendment, conforming edits to the tax rate, assessment amount, and reimbursement period described in the Form of Disclosure Statement attached as Exhibit E to the CFD Development Agreement are hereby authorized and approved. 7. The CFD Development Agreement, as amended by this Amendment, is hereby ratified and shall remain in full force and effect. IN WITNESS WHEREOF, the officers of the Municipality and of the District have duly affixed their signatures and attestations, and the officers of the Developer their signatures, all as of the day and year first written above. [Signature Pages to Follow] 3 CITY OF APACHE JUNCTION, ARIZONA, a municipal corporation By: - -- Walter"Chip" Wilson, Mayor STATE OF ARIZONA ) )ss. COUNTY OF PINAL ) The foregoing instrument was acknowledged before me this day of , 2026, by Walter "Chip" Wilson, as Mayor of the City of Apache Junction, Arizona, a municipal corporation under the laws of the State of Arizona. Notary Public (Affix Seal Here) ATTEST: Evie McKinney, City Clerk Pursuant to A.R.S. Section l 1-952(D), this Amendment has been reviewed by the undersigned attorney for the Municipality who has determined that this Amendment is in proper form and is within the powers and authority granted pursuant to the laws of this State to the Municipality. cA 4.16 26 Richard Joel Stern, City Attorney [Signature Page to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. I] SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 1 By: Walter"Chip" Wilson, Chairman, District Board STATE OF ARIZONA ) )ss. COUNTY OF PINAL ) The foregoing instrument was acknowledged before me this day of , 2026, by Walter "Chip" Wilson, as Chairman of the Board of Directors of Superstition Vistas Community Facilities District No. 1, an Arizona community facilities district. Notary Public (Affix Seal Here) ATTEST: Evie McKinney, District Clerk Pursuant to A.R.S. Section 11-952(D), this Amendment has been reviewed by the undersigned attorney for the District,who has determined that this Amendment is in proper form and is within the powers and authority granted pursuant to the laws of this State to the District. 44 26 Richard Joel Stern, District Counsel [Signature Page to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. 1] DEVELOPER: D.R. HORTON, INC., a Delaware corporation By: Name: Its: - -- - — STATE OF ARIZONA ) )ss. COUNTY OF MARICOPA ) The foregoing instrument was acknowledged before me this day of 2026, by , the of D.R. HORTON, INC., a Delaware corporation. (Seal and Expiration Date) Notary Public in and for the State of Arizona [Signature Page to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. 1] ACKNOWLEDGMENT AND CONSENT OF AJSD AND WUCFD Reference is made to that certain First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement, dated as of April _, 2026 (the "CFD Development Agreement Amendment"), by and among the City of Apache Junction, Arizona (the "Municipality"), Superstition Vistas Community Facilities District No. I (the"District"), and D.R. Horton, Inc. (the "Developer"), to which this Acknowledgment and Consent (this "Acknowledgment and Consent")is attached. All capitalized terms used and not otherwise defined in this Acknowledgment and Consent shall have the meanings set forth in the CFD Development Agreement Amendment, or, as applicable, the Intergovernmental Agreement by and among the Water Utilities Community Facilities District (City of Apache Junction, Arizona) ("WUCFD"), the Apache Junction Sewer District (formerly known as the Superstition Mountains Community Facilities District No. 1) ("AJSD"), the Superstition Vistas Community Facilities District No. 1 and the Superstition Vistas Community Facilities District No. 2 Pertaining to Community Facilities District Operations, Infrastructure and Financings, dated as of November 30, 2021 and recorded January 24, 2022, in the Official Records of the Pinal County Recorder as Instrument No. 2022- 009053 (the "IGA"). The undersigned representatives of AJSD and WUCFD have had the opportunity and right to review the terms and provisions of the CFD Development Agreement Amendment,and, in accordance with the IGA,AJSD and WUCFD each hereby acknowledges and consents to the CFD Development Agreement Amendment and the continuing effect of the terms of Section 10.23 of the CFD Development Agreement, including, without limitation, accepting Infrastructure acquired by the District in accordance with the CFD Development Agreement and A.R.S. Title 48, Chapter 4, Article 6, as amended. Such Section 10.23 of the CFD Development Agreement remains in full force and effect and was not amended by the CFD Development Agreement Amendment. Dated as of April , 2026. [Signature pages to follow] WATER UTILITIES COMMUNITY FACILITIES DISTRICT (CITY OF APACHE JUNCTION, ARIZONA), an Arizona community facilities district By: Walter "Chip" Wilson, Chairman, Board of Directors STATE OF ARIZONA ) )ss. COUNTY OF FINAL ) The foregoing instrument was acknowledged before me this day of 2026, by Walter "Chip" Wilson, as Chairman of the Board of Directors of the Water Utilities Community Facilities District(City of Apache Junction, Arizona), an Arizona community facilities district. Notary Public ATTEST: Evie McKinney, District Clerk [Signature Page to Acknowledgment and Consent of AJSD and WUCFD to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. I] APACHE JUNCTION SEWER DISTRICT, an Arizona community facilities district By: Kathleen Waldron, Chairperson, Board of Directors STATE OF ARIZONA ) ss. COUNTY OF PINAL ) The foregoing instrument was acknowledged before me this day of 2026, by Kathleen Waldron, as the Chairperson of the Board of Directors of the Apache Junction Sewer District, an Arizona community facilities district. Notary Public [Signature Page to Acknowledgment and Consent of AJSD and WUCFD to First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement for Superstition Vistas Community Facilities District No. I] EXHIBIT A LEGAL DESCRIPTION OF THE PROPERTY INCLUDED IN THE DISTRICT A-1 Wood, Patel & Associates, Inc. Revised March 9, 2021 480.834.3300 January 8, 2021 www.woodpatel.com WP# 205166.01 Page 1 of 4 See Exhibit "A" LEGAL DESCRIPTION Superstition Vistas D.R. Horton Parcel General Land Office (GLO) Lots 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, a portion of GLO Lot 12 and a portion of the east half of Section 18 and GLO Lots 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, a portion of GLO Lots 1 and 2 and a portion of the east half of Section 19, and a portion of the north half of Section 30, Township 1 South, Range 8 East, of the Gila and Salt River Meridian, Pinal County, Arizona, more particularly described as follows: BEGINNING at the northeast comer of said Section 18, a 3-inch Pinal County brass cap in handhole, from which the east quarter comer of said Section 18, a 3-inch Pinal County brass cap in handhole, bears South 00°13'51" East (basis of bearing), a distance of 2639.88 feet; THENCE along the east line of said Section 18, South 00°13'51" East, a distance of 2639.88 feet, to said east quarter corner; THENCE South 00°1T10" East, a distance of 155.64 feet, to the northerly line of that certain Madcopa County Flood Control District Easement, recorded in Document 2011-062136, Pinal County Records (PCR); THENCE leaving said east line, along said northerly line, South 53°2926" West, a distance of 4200.33 feet, to the south line of said Section 18; THENCE leaving said south line, South 53029'13" West, a distance of 910.07 feet, THENCE leaving said northerly line, South 82'28'36" East, a distance of 583.29 feet, to the beginning of a curve; THENCE easterly along said curve to the left, having a radius of 3000.00 feet, concave northerly, through a central angle of 30°39'58", a distance of 1605.68 feet, to the curves end; THENCE North 66'51'25` East, a distance of 540.51 feet, to the beginning of a curve; THENCE easterly along said curve to the right, having a radius of 2500,00 feet, concave southerly, through a central angle of 22*55'06", a distance of 1000.00 feet, to the north line of said Section 19 and the curves end; THENCE along said north line, North 89'46'31" East, a distance of 500.00 feet, to the northeast comer of said Section 19; THENCE leaving said north line, along the east line of said Section 19, South 00°1 T35" East, a distance of 2641.12 feet, to the east quarter corner of said Section 19; THENCE South 00'17'01" East,a distance of 2640.28 feet,to the southeast comer of said Section 19; THENCE leaving said east line, along the south line of said Section 19, South 89°44'56" West, a distance of 702.14 feet, to the beginning of a curve; THENCE leaving said south line,westerly along said curve to the left, having a radius of 10000.00 feet, concave southerly, through a central angle of 11°16'39", a distance of 1968.29 feet, to the beginning of a reverse curve; A- Legal Descriptlon Revised March 9, 2021 Superstition Vistas January 8, 2021 D.R. Horton Parcel WP'# 205166.01 Page 2 of 4 See Exhibit "A" THENCE westerly along said reverse curve to the right,having a radius of 10000.00 feet, concave northerly, through a central angle of 11.56'03", a distance of 2082.89 feet, to the curves end; THENCE North 89'35'40" West, a distance of 1421.78 feet, to the southeast comer of Section 24, Township 1 South, Range 7 East, of the Gila and Saft River Meridian; THENCE along the east line of said Section 24, North 00'38'07"West, a distance of 2635.59 feet, to the east quarter comer of said Section 24; THENCE North 00'3T44" West, a distance of 2633.61 feet, to the southeast comer of Section 13,Township 1 South, Range 7 East, of the Gila and Salt River Meridian; THENCE leaving said east line, along the east line of said Section 13, North 00'39'46" West, a distance of 2637.45 feet, to the east quarter comer of said Section 13; THENCE North 00'3T58" West, a distance of 2637.66 feet, to the southeast comer of Section 12, Township 1 South, Range 7 East, of the Gila and Salt River Meridian; THENCE leaving said east line, along the east line of said Section 12, North 00'39'09" West, a distance of 76.01 feet; THENCE leaving said east line, South 89'37'08" East, a distance of 1403.26 feet, to a point of intersection with a non-tangent curve; THENCE southerly along said non-tangent curve to the left, having a radius of 1057.78 feet, concave easterly,whose radius bears South 87'35'14" East,through a central angle of 04'03'48", a distance of 75.02 feet, to a point of intersection with a non-tangent curve; THENCE easterly along said non-tangent curve to the left, having a radius of 10000.00 feet, concave northerly,whose radius bears North 00'22'43"East,through a central angle of 12'09'59", a distance of 2123.45 feet, to the beginning of a reverse curve; THENCE easterly along said reverse curve to the right, having a radius of 10000.00 feet, concave southerly, through a central angle of 11033'02", a distance of 2015.94 feet, to the north line of said Section 18 and the curves end; THENCE along said north line, North 89'45'45" East, a distance of 703.03 feet, to the POINT OF BEGINNING. Containing 59,882,032 square feet or 1,374.7023 acres, more or less. Subject to existing right-of-ways and easements. This parcel description is based on client provided information and is located within an area surveyed by Wood, Patel & Associates, Inc. during the month of December, 2020. Any monumentatlon noted In this parcel description is within acceptable tolerance (as defined in Arizona Boundary Survey Minimum Standards dated 02114/2002)of said positions based on said survey. 60 LAlya YWMPvul Dew0ftnt2MX5t60 01&*WU*W Wf%DR►ttrlon Vaal LOIR0103M 21 doa Cr'�FICA�� GAG 2W GMAN J. us 01 nod S� 0�23 NORTHEAST CORNER SECTION 18,TIS,R8E ELLIOT ROAD 3•PINAL COUNTY BCH C5 C7 L18 POB L16 L17— C6— LOT 2 / A LOT 3 LOT 1 �-X SEC 18 / 0 LOT LOT 5 T1S,ROE LOT 6 CY L2/ / SEC 17 LOT LOT(/ LOT 7 / T1 S,ROE 9 EAST 1114 CORNER v SECTION 18,T1S,ROE LOT LOT 11 LOT 12, �p 3'PINAL COUNTY BCH 10 L4 cx L7 o WARNER ROAD L5 C1 �� O C� LOT _ Q g'�'L 3_ LOT 2 LOT 1 7 1 LOT 1:4 LOT 5/� LOT 6 A p SEC 'g, y ! O T1S,ROE SEC 20 g LgT LOT 8 LOT 7 / T1S,R8E N / o LOT LOT 11 10 LOT 12 � z — I L11 C4 C3 L10 RAY ROAD —I N LAND y�`�,+� �sel EXHIBIT"All WOODrn SUPERSTITION VISTAS PATEL D R.HORTON PARCEL d q4 HL 03/0912021 4b WP#205166 01 A, PAGE 3 OF 4 NOT TO SCALE Z 1202012051661Survey\LegaP5166-L01 R01.dwg A-4 LINE TABLE CURVE TABLE LINE BEARING DISTANCE CURVE DELTA RADIUS ARC L1 S00'13'514E 2639,88' C1 30039'58" 3000.00' 1605.68' L2 S00'17'10'E 155.64' C2 22'55'06' 2500.00' 1000.00' L3 S53029'26'W 4200.33' C3 11.16'39' 10000.00' 1968.29' L4 S53029'13'W 910.07' C4 11'5603' 10000.00' 2082,89' L5 S82'28'360E 583,29' C5 4'03'48' 1057.78' 75.02' L6 N66051'25'E 540.51' C8 12'09'59' 10000.00' 2123.45' L7 N8904631"E 500.W C7 11'33'02' 10000.00' 201594' L8 S00'17'350E 2641.12' L9 S00'17'01'E 2640.28' 1.10 S89044'56'W 702.14' Lii N89'35'40'W 1421.78' L12 N00'38'07"W 2635.59' L13 N00037'44'W 2633.61' L14 N00'39'46'W 2637.45' L15 N00'37'58'W 2637.66' L16 N00039'09'W 75.01' L17 S89'37'08"E 1403.26' L18 N89'45'45'E 703.03' L Alga sG EXHIBIT"A" �4- SUPERSTITION VISTAS cD BRuw J D.R.HORTON PARCEL d �� aE"� �� 0310912021 ' /is ' * WP 0205166.01 N . lb PAGE 4 OF 4 NOT TO SCALE So¢30-n Z:V0201205%WunreytegaMl66-L01R01.dwg A-5 SUPERSTITION VISTAS CFD NO 1 . ROLL CALL DATE: } a TIME: Y14 YES EXCUSED NO CHAIRPERSON WILSON VICE CHAIRPERSON SCHROEDER ✓ BOARDMEMBER CROSS BOARDMEMBER HECK BOARDMEMBERJOHNSON BOARDMEMBER NESSER BOARDMEMBER SOLLER District Manager Bryant Powell LZ Assistant District Manager Matt Busby District Clerk Evie McKinney i Deputy District Clerk Amy Greening District Attorney Joel Stern District Director Mike Loggins District Controller Connie Chow District Administrative Assistant Rita Vineyard 1 District Billing Supervisor Stacey Ramirez District Treasurer Angelie Hawley v Utility Director-Tee}--Wo ff- t q r� e 1,gn District Project Manager Charles Briggs District Comm/Mrktg.Director Kayla Fulmer Finance o t f �oV-N S:\Templates&Forms\Cjty Council\Roll Call-SVCFD NO 1 and 2-Attendance.doc SOn SUPERSTION VISTAS CFD NO 1. VOTE - ROLL CALL ITEM # 1 MEETING OF L Z (o MOTION BY: UIJUV°� SECONDED BY: v f NOTES: yj L1 I I YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER CROSS BOARDMEMBER NESSER BOARDMEMBER SOLLER / BOARDMEMBER JOHNSON L VICE CHAIRPERSON SCHROEDER BOARDMEMBER HECK (/ i CHAIRPERSON WILSON TOTAL C2 UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 3 s:\templates&forms\city council\vote call -svcfd no 1.docx i i SUPERSTION VISTAS CFD NO 1. VOTE - ROLL CALL C ITEM # A MEETING OF I f MOTION BY: cif�C� SECONDED BY: NOTES: f I YES NO ABSTAINED I BOARD MEMBERS: BOARDMEMBER HECK 1/ i BOARDMEMBER CROSS VICE CHAIRPERSON / SCHROEDER BOARDMEMBER NESSER s BOARDMEMBER JOHNSON if BOARDMEMBER SOLLER CHAIRPERSON WILSON TOTAL I UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 4 i s:\templates&forms\city council\vote call-svcfd no 1.docx I 04.21.2026 SVCFD1 Item No. 1 —Approval of Minutes move that the minutes of the February 17, 2026, special meeting be: (APPROVED) or (DENIED). Item No. 2 1 move that Resolution No. SVCFD1 2026-005 a resolution of the district board of Superstition Vistas Community Facilities District No. 1, approving the First Amendment to District Development, Financing Participation, Waiver and Intergovernmental Agreement related to the acquisition of infrastructure, tax rates and assessments, and approving and authorizing all actions in connection with such substitution be (,APPROVED�or (DENIED). pP ACHF✓ CITY OF APACHE JUNCTION U Z SUPERSTITION VISTAS gR1-0 T- COMMUNITY FACILITIES DISTRICT NO. 1 Tuesday, April 21, 2026 A. CALL TO ORDER I would like to call the Superstition Vistas Community Facilities District No. 1 Special Meeting of April 21, 2026, to order and ask everyone to put their cell phones on silent. B. ROLL CALL C. AGENDA ITEMS 1. Consideration of approval of the minutes of the special meeting of February 17, 2026. Do I have a motion? wait for the motion and the 2nd. Roll Call 2. Presentation, discussion and consideration of Resolution No. SVCFD12026-005. Call on Zach Any discussion among the board? Board can 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.