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HomeMy WebLinkAbout2026.05.19 SVCFD 2 City of Apache Junction Arizona City Council Chambers r 300 E Superstition Blvd _�O Apache Junction,AZ 85119 Special Meeting Agenda \gilONr 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, May 19,2026 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 26-244 Consideration of approval of the minutes of the Special Meeting of April 21, 2026. Attachments: SVCFD2MIN 2026 04 21 MINUTES DRAFT 2. 26-248 Presentation, discussion, and consideration of Resolution No SVCFD2 2026-010, approving the proposed District budget for FY 2026/27 and ordering a hearing on and calling for public testimony on the District budget. Attachments: Resolution No. SVCFD2 2026-010 D. Public Hearing Public hearings required by applicable law shall be conducted by the board and any person shall be given the opportunity to speak.All remarks shall be addressed to the board as a whole and not to any member thereof. Such remarks shall be limited to five(5)minutes unless additional time is granted by the board chairmember. This time limitation shall not apply to applicants and their agents appearing before the board. 3. 26-249 Conduct a public hearing regarding the proposed District budget for FY 2026/27. 4. 26-250 Presentation, discussion and consideration of Resolution No. SVCFD2 2026-011, adopting the District budget for FY 2026/27 and ordering a tax levy. Attachments: Resolution No. SVCFD2 2026-011 5. 26-251 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. 2 Assessment Area No. 4 Special Assessment Bonds. City of Apache Junction,Arizona Page 1 Printed on 511412026 Superstition Vistas Community Special Meeting Agenda May 19,2026 Facilities District No.2 6. 26-253 Presentation, discussion and consideration of Resolution No. SVCFD2 2026-006, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 relating to approval of the feasibility report for the acquisition and financing of certain improvements benefiting the district; approving the prior giving of notice of hearing relating to the feasibility report; declaring the district board's intention to acquire the improvements described in the feasibility report; forming an assessment district; determining that special assessment bonds may be issued to finance the costs and expenses of the improvements; declaring the improvements to be of more than local or ordinary public benefit and that the costs of the improvements will be assessed upon Assessment Area No. 4; and ordering the public infrastructure projects performed. Attachments: SVCFD 2 Feasibility Report Resolution SVCFD2 No. 2026-006 7. 26-254 Presentation, discussion and consideration of Resolution No. SVCFD2 2026-007, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 approving the levying of an assessment and assessment diagram for Assessment Area No. 4 within the district. Attachments: SVCFD2 Final Assessment Diagram Plan Resolution No. SVCFD2 2026-007 E. District Manager Report F. District Director Report G. District Treasurer Report H. Adjournment Copies of this agenda and additional information on any of the items listed above may be obtained from the office of the city clerk/district clerk, 300 E Superstition Blvd,Apache Junction,AZ 85119, Monday through Thursday, 7:00a to 6:00p, excluding holidays. The City of Apache Junction invites and welcomes people of all abilities to use our programs, sites and facilities. Specific requests may be made by contacting the Human Resources Office at(480)474-2617 or TDD(480) 983-0095. Members of this board will attend either in person or by telephone, video or internet conferencing. City of Apache Junction,Arizona Page 2 Printed on 511412026 ►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: 26-244 Sponsor: Agenda Date: 5/19/2026 Index: In Control: Superstition Vistas Community Facilit Consideration of approval of the minutes of the Special Meeting of April 21, 2026. City of Apache Junction,Arizona Pagel Printed on 511412026 City of Apache Junction, Arizona 00 E unpcil Chamber 300 Su erstition Blvd Apache Junction,AZ f z Special Meeting Minutes 85119 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,April 21,2026 6:00 PM City Council Chambers A. Call to Order Chair Wilson called the meeting to order at 6:32 p.m. B. Roll Call Present: 6- Chairperson Wilson Vice Chair Schroeder Boardmember Heck Boardmember Johnson Boardmember Soller Boardmember Cross Excused: 1 - Boardmember Nesser Staff in Attendance: Bryant Powell, District Manager Matt Busby, Assistant District Manager Evie McKinney, District Clerk Joel Stern, District Attorney Mike Loggins, District Director Connie Chow, District Controller Rita Vineyard, District Administrative Assistant Angelie Hawley, District Treasurer Charles Briggs, District Project Manager Kayla Fulmer, District Director of Marketing and Communications Rob Wisler, District Management Analyst Brian Draper, District Contractor Eli Richardson, District Management Analyst Trina Harrison, District Program Manager C. Agenda Items 1. 26-159 Consideration of approval of minutes of the special meeting of February 17, 2026. Boardmember Heck moved,seconded by Boardmember Cross that the minutes of the February 17,2026, Special Meeting be approved. Yes: 6- Chairperson Wilson,Vice Chair Schroeder, Boardmember Heck, Boardmember Johnson, Boardmember Soller and Boardmember Cross No: 0 Excused: 1 - Boardmember Nesser City of Apache Junction,Arizona Pagel Superstition Vistas Community Special Meeting Minutes April 21,2026 Facilities District No.2 2. 26-155 Presentation, discussion and consideration of Resolution No. SVCFD2 2026-005, a resolution of the district board of Superstition Vistas Community Facilities District No. 2, approving the Third Amendment to the Amended and Restated 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. Boardmemeber Soller moved,seconded by Boardmember Heck that Resolution No.SVCFD1 2026-005 be approved. Yes: 5- Chairperson Wilson, Vice Chair Schroeder, Boardmember Heck, Boardmember Soller and Boardmember Cross No: 1 - Boardmember Johnson Excused: 1 - Boardmember Nesser Zach Sakas, Esq. of Greenberg Traurig, outside counsel for the Superstition Vistas Community Facilities District No. 2 presented to the Board a proposed amendment to the Community Facilities District(CFD)development agreement. He reviewed the purpose and history of the agreement and outlined three requested changes from the developer: - Increase the general obligation debt service tax from $3.85 to$5.00. - Increase the maximum assessment per lot from $5,000.00 to $12,500.00. - Brookfield has requested that the 10 year period to submit projects be extended to 15 years. Zach explained this is a common request because of county changes all over the state, referencing proposition 117. Boardmember Cross asked regarding both CFD's how this affects commercial property. Brookfield representative Eric Tune, 14648 North Scottsdale Road, explained there is not commercial property connected to the district. D. District Manager Report E. District Director Report F. District Treasurer Report G. Adjournment Chair Wilson adjourned the meeting at 6:36 p.m. City of Apache Junction,Arizona Page 2 Superstition Vistas Community Special Meeting Minutes April 21,2026 Facilities District No.2 ACCEPTED THIS DAY OF 12026, BY THE CHAIR PERSON AND DISTRICT BOARD OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 ( CITY OF APACHE JUNCTION, ARIZONA). SIGNED AND ATTESTED TO THIS DAY OF 2026. 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: 26-248 Sponsor: Agenda Date: 5/19/2026 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion, and consideration of Resolution No SVCFD2 2026-010, approving the proposed District budget for FY 2026/27 and ordering a hearing on and calling for public testimony on the District budget. City of Apache Junction,Arizona Pagel Printed on 511412026 RESOLUTION NO. SVCFD2 2026-010 A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 APPROVING A PROPOSED DISTRICT BUDGET FOR FY 2026/27 AND ORDERING A HEARING ON SUCH BUDGET AS APPROVED WHEREAS, pursuant to Arizona Revised Statutes ("A.R. S . ") § 48-716, the Treasurer of Superstition Vistas Community Facilities District No. 2 (the "District") prepared and submitted to the Board of Directors of the District (the "District Board") for approval a proposed District budget for fiscal year ("FY") 2026/27 (the "Proposed Budget") ; and WHEREAS, the Proposed Budget sets forth the annual statements and estimates of the operation and maintenance expenses, together with the debt service payment, of the District for FY 2026/27, as required by A.R. S . § 48-723 (C) ; and WHEREAS, pursuant to A.R. S . § 48-723 (C) , the District Board filed the Proposed Budget with the clerk of the City of Apache Junction, Arizona, who serves as the clerk of the District, prior to April 29, 2026 . NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, AS FOLLOWS : SECTION 1 Approval of the Proposed Budget The Proposed Budget submitted to the District Board and attached as Exhibit A hereto is hereby approved and a hearing on the Proposed Budget is hereby ordered as required by law. SECTION 2 Notice of Hearing Publication of the notice of the public hearing on the Proposed Budget in the form attached hereto as Exhibit B, which was published in accordance with the provisions of A.R. S . § 48-716, is hereby ratified, approved and adopted. RESOLUTION NO. SVCFD2 2026-010 PAGE 1 OF 2 SECTION 3 Effective Date This resolution is effective immediately. PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, THIS 19TH DAY OF MAY, 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 — Proposed Budget FY 2026/27 Exhibit B — Notice of Hearing RESOLUTION NO. SVCFD2 2026-010 PAGE 2 OF 2 EXHIBIT A SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 PROPOSED BUDGET FY 2026/27 SOURCES USE OF FUND BALANCE - REVENUES Developer Contribution $ 185, 603 . 00 O&M Property Tax 34, 397 . 00 Gen. Ob. Bond Property Tax 573, 284 . 00 Special Assessments (including from capitalized interest) 603, 336. 00 Contingency (Additional land patented and is taxable, and assessment prepayments) 150, 000 . 00 TOTAL REVENUES $ 1, 546, 620 . 00 OTHER FINANCING SOURCES Gen. Ob. Bond Proceeds $10, 800, 000 . 00 Sp. Assessment Bond Proceeds 7, 500, 000 . 00 Contingency (Adjustments to final assessed valuation or bond repayment schedule) 2, 000, 000 . 00 TOTAL OTHER FINANCING SOURCES $20, 300, 000 . 00 TOTAL SOURCES $21, 846, 620 . 00 USES EXPENSES — DEBT SERVICE Gen. Ob. Bond Principal $ 55, 000 . 00 Gen. Ob. Bond Interest 523, 325 . 00 Sp. Assmt. Bond Principal 147, 000 . 00 Sp. Assmt. Bond Interest 456, 336. 00 County Treasurer Assessment Collection Fees 14, 560 . 00 Bank Fees 1, 200 . 00 TOTAL EXPENSES — DEBT SERVICE $ 1, 197, 421 . 00 RESOLUTION NO. SVCFD2 2026-010 EXHIBIT A PAGE 1 OF 2 EXPENSES - CAPITAL Gen. Ob Bond Acquisition of Public Infrastructure $10, 400, 000 . 00 Sp. Assmt. Bond Acquisition of Public Infrastructure 6, 870, 000 . 00 Bond Costs of Issuance 1, 000, 000 . 00 Appraisal Fees 10, 000 . 00 District Engineer Fees 20, 000 . 00 Contingency for Additional Acquisition of Public Infrastructure 3, 326, 620 . 00 TOTAL EXPENSES - CAPITAL $21, 626, 620 . 00 EXPENSES - OPERATIONS Administration $ 80, 000 . 00 CFD Development Agreement Transfer 15, 000 . 00 Consulting Fees 40, 000 . 00 Legal 50, 000 . 00 Insurance 30, 000 . 00 Contingency 5, 000 . 00 TOTAL EXPENSES - OPERATIONS $ 220, 000 . 00 TOTAL USES $21, 846, 620 . 00 SOURCES MORE/ (LESS) THAN USES - RESOLUTION NO. SVCFD2 2026-010 EXHIBIT A PAGE 2 OF 2 EXHIBIT B SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 NOTICE OF HEARING REQUIRED BY A.R. S . §§ 48-716 AND 48-723 (C) ON THE PROPOSED BUDGET FOR FY 2 0 2 6/2 7 OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 Pursuant to Arizona Revised Statutes ("A.R. S . ") §§ 48- 716 and 48-723 (C) , notice is hereby given that a public hearing on the Proposed Budget of the Superstition Vistas Community Facilities District No. 2 for FY 2026/27 will be held by the District Board on May 19, 2026, at 6 : 00 p.m. in the Apache Junction Council Chambers located at 300 E . Superstition Boulevard, Apache Junction, Arizona. A copy of the Proposed Budget is on file with the Clerk of the City of Apache Junction, Arizona/District Clerk of Superstition Vistas Community Facilities District No. 2, at the City of Apache Junction located at 300 E . Superstition Boulevard, Building C, Apache Junction, Arizona 85119, telephone number (480) 982-8002 . This notice also constitutes notice of the filing of the estimate as required by A.R. S . § 48-723 (C) . DATED this day of , 2026 . /s/ District Clerk District Clerk Superstition Vistas Community Facilities District No. 2 RESOLUTION NO. SVCFD2 2026-010 EXHIBIT B ►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: 26-249 Sponsor: Agenda Date: 5/19/2026 Index: In Control: Superstition Vistas Community Facilit Conduct a public hearing regarding the proposed District budget for FY 2026/27. City of Apache Junction,Arizona Pagel Printed on 511412026 ►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: 26-250 Sponsor: Agenda Date: 5/19/2026 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. SVCFD2 2026-011, adopting the District budget for FY 2026/27 and ordering a tax levy. City of Apache Junction,Arizona Pagel Printed on 511412026 RESOLUTION NO. SVCFD2 2026-011 A RESOLUTION OF THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 ADOPTING THE DISTRICT BUDGET FOR FY 2026/27 AND LEVYING A TAX WHEREAS, pursuant to Arizona Revised Statutes ("A.R. S . ") § 48-716, the Treasurer of Superstition Vistas Community Facilities District No. 2 (the "District") prepared and submitted to the Board of Directors of the District (the "District Board") for approval a proposed District budget for fiscal year ("FY") 2026/27 (the "Proposed Budget") ; and WHEREAS, the Proposed Budget sets forth the annual statements and estimates of the operation and maintenance expenses of the District for FY 2026/27, as required by A.R. S . § 48-723 (C) ; and WHEREAS, on May 19, 2026, the District Board adopted Resolution No. SVCFD2 2026-010, approving the Proposed Budget and ordering a hearing on the Proposed Budget as required by law; and WHEREAS, as required by A.R. S . §§ 48-716 and 48-723 (C) , notice of the public hearing on the Proposed Budget and of the filing of the estimate, in the form attached hereto as Exhibit A, was published not less than ten days prior to the date hereof in a newspaper of general circulation in the District and was mailed to the clerk of the City of Apache Junction, Arizona; and WHEREAS, a public hearing was held on the date hereof. NOW, THEREFORE, BE IT RESOLVED BY THE DISTRICT BOARD OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, AS FOLLOWS : SECTION 1 Adoption of Proposed Budget The Proposed Budget in the form attached hereto as Exhibit B is hereby approved and adopted as the final District budget for FY 2026/27 . RESOLUTION NO. SVCFD2 2026-011 PAGE 1 OF 2 SECTION 2 Tax Levy A tax levy (the "Tax Levy") in the form attached hereto as Exhibit C is hereby ordered, approved and adopted, and the District Clerk is hereby directed to deliver certified copies of the Tax Levy to the Pinal County (Arizona) Board of Supervisors, to the Arizona Department of Revenue, and to any entity acting as trustee for any District bonds . SECTION 3 Effective Date This Resolution is effective immediately. PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, THIS 19TH DAY OF MAY, 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 — Notice of Hearing Exhibit B — Adopted Budget FY 2026/27 Exhibit C — Tax Levy RESOLUTION NO. SVCFD2 2026-011 PAGE 2 OF 2 EXHIBIT A SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 NOTICE OF HEARING REQUIRED BY A.R. S . §§ 48-716 AND 48-723 (C) ON THE PROPOSED BUDGET FOR FY 2 0 2 6/2 7 OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 Pursuant to Arizona Revised Statutes ("A.R. S . ") §§ 48- 716 and 48-723 (C) , notice is hereby given that a public hearing on the Proposed Budget of the Superstition Vistas Community Facilities District No. 2 for FY 2026/27 will be held by the District Board on May 19, 2026, at 6 : 00 p.m. in the Apache Junction Council Chambers located at 300 E. Superstition Boulevard, Apache Junction, Arizona. A copy of the Proposed Budget is on file with the Clerk of the City of Apache Junction, Arizona/District Clerk of Superstition Vistas Community Facilities District No. 2, at the City of Apache Junction located at 300 E. Superstition Boulevard, Building C, Apache Junction, Arizona 85119, telephone number (480) 982-8002 . This notice also constitutes notice of the filing of the estimate as required by A.R. S . § 48-723 (C) . DATED this day of , 2026 . /s/ District Clerk District Clerk Superstition Vistas Community Facilities District No. 2 RESOLUTION NO. SVCFD2 2026-011 EXHIBIT A EXHIBIT B SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 ADOPTED BUDGET FY 2026/27 SOURCES USE OF FUND BALANCE - REVENUES Developer Contribution $ 185, 603.00 0&M Property Tax 34, 397 .00 Gen. Ob. Bond Property Tax 573, 284 .00 Special Assessments (including from capitalized interest) 603, 336.00 Contingency (Additional land patented and is taxable, and assessment prepayments) 150, 000 . 00 TOTAL REVENUES $ 1, 546, 620 .00 OTHER FINANCING SOURCES Gen. Ob. Bond Proceeds $10, 800, 000 .00 Sp. Assessment Bond Proceeds 7, 500, 000 .00 Contingency (Adjustments to final assessed valuation or bond repayment schedule) 2, 000, 000 .00 TOTAL OTHER FINANCING SOURCES $20, 300, 000 .00 TOTAL SOURCES $21, 846, 620 . 00 USES EXPENSES - DEBT SERVICE Gen. Ob. Bond Principal $ 55, 000 .00 Gen. Ob. Bond Interest 523, 325.00 Sp. Assmt. Bond Principal 147, 000 .00 Sp. Assmt. Bond Interest 456, 336.00 County Treasurer Assessment Collection Fees 14, 560 .00 Bank Fees 1, 200 .00 TOTAL EXPENSES - DEBT SERVICE $ 1, 197, 421 . 00 RESOLUTION NO. SVCFD2 2026-011 EXHIBIT B PAGE 1 OF 2 EXPENSES - CAPITAL Gen. Ob Bond Acquisition of Public Infrastructure $10, 400, 000 .00 Sp. Assmt. Bond Acquisition of Public Infrastructure 6, 870, 000 .00 Bond Costs of Issuance 1, 000, 000 .00 Appraisal Fees 10, 000 .00 District Engineer Fees 20, 000 .00 Contingency for Additional Acquisition of Public Infrastructure 3, 326, 620 .00 TOTAL EXPENSES - CAPITAL $21, 626, 620 .00 EXPENSES - OPERATIONS Administration $ 80, 000 .00 CFD Development Agreement Transfer 15, 000 .00 Consulting Fees 40, 000 .00 Legal 50, 000 .00 Insurance 30, 000 .00 Contingency 5, 000 . 00 TOTAL EXPENSES - OPERATIONS $ 220, 000 .00 TOTAL USES $21, 846, 620 .00 SOURCES MORE/ (LESS) THAN USES - RESOLUTION NO. SVCFD2 2026-011 EXHIBIT B PAGE 2 OF 2 EXHIBIT C SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 TAx LEVY PURSUANT To RESOLUTION NO. SVCFD2 2026- passed On June 2026 by the Board of Directors of Superstition Vistas Community Facilities District No. 2 (the "District") , it is hereby ordered levying an ad valorem tax on the net assessed limited property value of all taxable property within the District for FY 2026/27, such tax levy to be apportioned as follows : (i) at a rate equal to $0 . 30 per $100 . 00 of net assessed limited property value for the purpose of operation and maintenance expenses of the District; provided, however, that such rate shall not exceed $0 . 30 per $100 . 00 of net assessed limited property value, and (ii) at a rate equal to $5 . 00 per $100 . 00 of net assessed limited property value for the purpose of paying the principal of and interest on general obligation bond indebtedness outstanding and to be incurred during FY 2026/27 . A map of the District is attached hereto as Appendix A. DATED: 2026 . Chairman, District Board Superstition Vistas Community Facilities District No. 2 ATTEST: District Clerk Superstition Vistas Community Facilities District No. 2 RESOLUTION NO. SVCFD2 2026-011 EXHIBIT C APPENDIX A ELLIOT AVENUE - I / . i" CFD NO. 2 1 ,312 ACRES 1WARNER AVENUE W 1 of O o 3: O O � O , Q RAY AVENUE RESOLUTION NO. SVCFD2 2026-011 EXHIBIT C - APPENDIX A ►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. 5. �Piz oN* File ID: 26-251 Sponsor: Agenda Date: 5/19/2026 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. 2 Assessment Area No. 4 Special Assessment Bonds. City of Apache Junction,Arizona Pagel Printed on 511412026 ►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.6. �Piz oN* File ID: 26-253 Sponsor: Agenda Date: 5/19/2026 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. SVCFD2 2026-006, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 relating to approval of the feasibility report for the acquisition and financing of certain improvements benefiting the district; approving the prior giving of notice of hearing relating to the feasibility report; declaring the district board's intention to acquire the improvements described in the feasibility report; forming an assessment district; determining that special assessment bonds may be issued to finance the costs and expenses of the improvements; declaring the improvements to be of more than local or ordinary public benefit and that the costs of the improvements will be assessed upon Assessment Area No. 4; and ordering the public infrastructure projects performed. City of Apache Junction,Arizona Pagel Printed on 511412026 FEASIBILITY REPORT For The Issuance of Not to Exceed $2,600,000 Principal Amount OF SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 ASSESSMENT AREA NO. 4 SPECIAL ASSESSMENT BONDS, SERIES 2026 Public Hearing Date: May 19, 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. 4 A Executive Summary of Appraisal for Assessment Area No. 4 B (A complete copy of the 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. 2 (the "District") in connection with the proposed issuance by the District of its Assessment Area No.4 Special Assessment Bonds, Series 2026(the "Bonds") in a principal amount of not to exceed $2,600,000,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 11; (ii)maps showing, in general,the location of the Public Infrastructure and the area to be benefited by the Public Infrastructure—Section 111;(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 1,312 acres of a larger 2,783 acre project within the City of Apache Junction, Arizona (the "City"), where D.R. Horton, Inc., a corporation organized and existing pursuant to the laws of the State of Delaware ("D.R. Horton"), was the successful bidder at the public auction conducted by Arizona State Land Department("ASLD")in November 2020 and will purchase the real property from ASLD over time pursuant to the terms of the Certificate of Purchase 53-120190 executed November 12,2020,as thereafter amended.Upon the petition of D.R. Horton as the then-owner of all land within the boundaries of the District,the Mayor and Council of the City adopted a resolution on October 5, 2021, which formed the District. Pursuant to the Purchase Agreement and Partial Assignment and Delegation of Rights Under Participation Contract, dated March 14, 2022 (the "Brookfield Purchase Agreement"), by and between D.R. Horton and Brookfield Homes Holdings, LLC, a California limited liability company (`Brookfield Homes"), D.R. Horton agreed to sell and Brookfield Homes agreed to purchase the real property within the boundaries of the District. Brookfield Homes subsequently assigned to Brookfield ASLD 8500 LLC,a Delaware limited liability company(the"Developer"), all of Brookfield Homes'right,title and interest to acquire and develop the real property within the boundaries of the District pursuant to the Brookfield Purchase Agreement. The Developer is now developing the mixed use,master planned community known as Blossom Rock consisting of approximately 1,312 acres of a larger 1,408 acre project(the"Project"). The Project is located east of Ironwood Drive,west of Idaho Road alignment, south of Elliot Avenue and north of Ray Avenue. Construction on the Project commenced in November 2021, and the first home closings occurred in 2024. The District was created to assist with financing the acquisition I- 1 of public infrastructure and public infrastructure purposes within the District. Single family residential units represent approximately 1,170 acres within the Project.Non-residential development comprises approximately 142 acres within the Project and includes churches, government, fire stations, schools, civic and commercial uses and common area,and neighborhood open space. The real property comprising Assessment Area No. 4 consists of 520 lots (the"Assessed Lots") and is approximately 73 acres.The Assessed Lots have been finally established by the approval of final plats by the City, and all of the Assessed Lots will be developed by the Developer. The following chart characterizes the approximate acreage within the District as well as the acreage within Assessment Area No.4,which is fully within the boundaries of the District. Approximate Approximate Assessment Area Total District District Acres No. 4 Lot Area Acres Single Family Residential 1,170 73 Non-Residential(a) 142 0 Total 1,312 73 (a) Includes churches, fire stations, schools, civic and commercial uses and common area, and neighborhood open space. The District was created to assist with financing the acquisition of public infrastructure and public infrastructure purposes, including the Public Infrastructure, within the District. See Section 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. 4 is included in Appendix A. Maps of the District, Assessment Area No. 4, including the location, in general, of the Public Infrastructure, are included in Section III. The proposed acquisition of the Public Infrastructure as defined in this Report is consistent with the approved General Plan for the District. I-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 Certified Paid by Funding from Acquisition Project Total Estimated Engineer's Prior Bonds and Completion Description Cost Cost Bonds Future Bonds Date* Blossom Rock Trail— $4,554,343 $4,554,343 $0 $4,554,343 May 2026 Phase 2 SVJOC-101.07R Total $4,554,343 $4,554,343 $0 $4,554,343 * Completion 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. The Public Infrastructure consists of the construction of approximately 2,359 linear feet of full street surface improvements with landscape installed within the raised median, at the back of the curb to the detached sidewalk and within adjacent tracts as shown on the approved Landscape Plan. The street improvements include two lanes in each direction and tying into existing Blossom Rock Trail phase 1 to the South and extending to Warner Ave.to the North. These improvements include 12-inch potable water and 8-inch water stubs, various sizes of storm drain, dry utility installation, concrete curb and gutter, sidewalk, paving, striping, signage, streetlights, street sleeves, landscaping and irrigation, and entry monuments. All improvements are shown on the plans sealed by Sunrise Engineering, on December 4, 2024,and approved by the City of Apache Junction on February 5,2025,which may be amended from time to time to allow for additional property uses adjacent to Blossom Rock Trail that are not yet known. Proceeds of the Bonds are reasonably expected to be used to finance the acquisition of all or a portion of the Public Infrastructure upon acceptance by the District and the City, or other governmental entities, as applicable, of such Public Infrastructure pursuant to the terms of the Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement, recorded on October 11, 2022, at Fee No. 2022-106816 in the records of Pinal County, Arizona (the "County"), as thereafter amended by the First Amendment to Amended and Restated District Development, Financing Participation,Waiver and Intergovernmental Agreement,recorded on December 31,2024,at Fee No.2024- 100195 in the records of the County, as thereafter amended by the Second Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement, recorded on November 19, 2025, at Fee No. 2025-093640 in the records of the County, and as thereafter amended by the Third Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement, recorded on May 13, 2026, at Fee No. 2026-040066 in the records of the County (collectively, the "District Development Agreement"), and the terms and provisions of all applicable laws, ordinances, codes and rules. All interests in such Public Infrastructure financed by the District will be dedicated or otherwise transferred to the City or other governmental entities, as applicable, after acceptance. Additional portions of public infrastructure, as contemplated by the District's formational documents, may be constructed and will be subject to administrative approval by the District before such additional public infrastructure is eligible for funding from future bonds,if any. 11 - 1 SECTION III MAP OF THE DISTRICT SHOWING LOCATION OF PUBLIC INFRASTRUCTURE AND AREA TO BE BENEFITED The District ELLIOT AVENUE CFD N(0). 1 ,312 ACRES WARNER AVENUE w O Q O 0 RAY AVENUE III - 1 Assessment Area No. 4 Community Facilities Districts W ELLIOTAVE -' Superstition Vistas s, Community Parties Districts CFO No.1 CFO No.2 1.376 Acres 1.312 Acre+ W WARNER AVE AA No.4 t O O_ W Vl b O O w RAY AVE o 0 a y�Ii.)wf�n rYq.�M C�rar M-rcroi N Q C-o r r C:3 AA NO.4 .un III-2 Assessment Area No. 4 - Aerial Maps E t •� 4P or lk ,7 .�� . t►' tang,:90 I w -� Aw' 4 III— 3 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 11. Listed below are the Public Infrastructure costs eligible for funding from, and the estimated draw schedule of the proceeds of the Bonds for acquisition of the Public Infrastructure. Estimated Acquisition Public Infrastructure Price Completion Date(a) Funds Draw Date Blossom Rock Trail— $4,554,343 May,2026 June/July 2026 Phase 2 SVJOC-101.07R Total $4,554,343 (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. 4. This Plan of Finance is subject to modificationto accommodate market conditions at the time of the actual sale of the Bonds and to the extent necessary to comply with federal and State law. (i) Formation and Authorization. In response to a petition from the predecessor entity to the Developer,the City Council formed the District on October 5,2021.As contemplated by the District Development Agreement,the District has the authority to issue the Bonds. (ii) Proposed Bond Sale. The estimated debt service schedule for the Bonds is included herein. It is anticipated that the Bonds will be sold and delivered in June/July 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$411.00 per home, or approximately$34.00 per month,assuming a 25-year maturity and a 6.50%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 $2,600,000.00 Total $2,600,000.00 USES*: Cost of Public Infrastructure $1,948,000.00 Debt Service Reserve Fund 217,285.00 Capitalized Interest Fund 155,855.56 Estimated Costs of Issuance 278,859.44 Total $2,600,000.00 ESTIMATED COSTS OF ISSUANCE* Underwriter's Discount $54,875.23 Underwriter's Counsel 25,000.00 Bond Counsel 95,000.00 Municipal Advisor 60,000.00 District Engineer 15,000.00 District Appraisal 5,000.00 Official Statement Publishing 22,500.00 Registrar&Paying Agent 1,000.00 Miscellaneous 484.21 Total $278,859.44 (v) Value to Lien Ratio. Included as Appendix B is a summary of the appraisal relating to the parcels to be included in Assessment Area No.4,prepared by Schnepf Ellsworth Appraisal Group,LLC on May 7,2026. The appraisal demonstrates a value-to-lien ratio on a per lot basis of at least 20 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—2025/26 Total Tax 2025/26 General Proportion Applicable Rates Per$100 Net Assessed Obligation to the District(a) Net Assessed Limited Bonded Approximate Net Debt Limited Property Overlapping Jurisdiction Property Value Debt(b) Percent Amount Property Value(c) State ofArizona $ 92,371,826,506 None 0.00% None None Pinal County 4,073,510,894 None 0.07% None $3.6659(d) Pinal County Conuminity College District 4,073,510,894 $ 47,810,000 0.07% $ 35,260 1.7611 Central Arizona Water Conservation District 4,073,510,894 None 0.07% None 0.1400(d) East Valley Institute of Technology 1,024,276,220 None 0.290% None 0.0500 Apache Junction Unified School District No.43 631,945,919 3,500,000 0.48% 16,639 3.5123 Superstition Fire&Medical District 609,939,494 17,333,000 0.49°/a 85,372 3.8000 City ofApache Junction 238,509,446 None 1.26% None 0.0000 The District (e) 3,004,204 (f) $ 2,500,000 100.000% 2,500,000 4.1500 Total Direct and Overlapping General Obligation Bonded Debt(g) $ 2,637,271 (a) Proportion applicable to Assessment Area No. 4 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. 4 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 A.R.S., 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 $6,369,000, 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 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 the Special Assessments with respect to the Bonds. (fl The District's preliminary fiscal year 2026/27 Net Assessed Limited Property Value is estimated at $12,069,135, an increase of approximately 302% from the fiscal year 2025/26 Net Assessed Limited Property Value. The values are subject to positive or negative adjustments until approved by the Board of Supervisors of the County on or before August 17,2026. (g) Totals may not add due to rounding. 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 Annual Debt Ending Principal Coupon Interest Debt Service Service 1/1/2027 $71,355.56 $71,355.56 7/1/2027 84,500.00 84,500.00 $155,855.56 1/1/2028 84,500.00 84,500.00 7/1/2028 $48,000 6.500% 84,500.00 132,500.00 217,000.00 1/1/2029 82,940.00 82,940.00 7/1/2029 51,000 6.500% 82,940.00 133,940.00 216,880.00 1/1/2030 81,282.50 81,282.50 7/1/2030 54,000 6.500% 81,282.50 135,282.50 216,565.00 1/1/2031 79,527.50 79,527.50 7/1/2031 58,000 6.500% 79,527.50 137,527.50 217,055.00 1/1/2032 77,642.50 77,642.50 7/1/2032 62,000 6.500% 77,642.50 139,642.50 217,285.00 1/1/2033 75,627.50 75,627.50 7/1/2033 66,000 6.500% 75,627.50 141,627.50 217,255.00 1/1/2034 73,482.50 73,482.50 7/1/2034 70,000 6.500% 73,482.50 143,482.50 216,965.00 1/1/2035 71,207.50 71,207.50 7/1/2035 74,000 6.500% 71,207.50 145,207.50 216,415.00 1/1/2036 68,802.50 68,802.50 7/1/2036 79,000 6.500% 68,802.50 147,802.50 216,605.00 1/1/2037 66,235.00 66,235.00 7/1/2037 84,000 6.500% 66,235.00 150,235.00 216,470.00 1/1/2038 63,505.00 63,505.00 7/1/2038 90,000 6.500% 63,505.00 153,505.00 217,010.00 1/1/2039 60,580.00 60,580.00 7/1/2039 96,000 6.500% 60,580.00 156,580.00 217,160.00 1/1/2040 57,460.00 57,460.00 7/1/2040 102,000 6.500% 57,460.00 159,460.00 216,920.00 1/1/2041 54,145.00 54,145.00 7/1/2041 108,000 6.500% 54,145.00 162,145.00 216,290.00 1/1/2042 50,635.00 50,635.00 7/1/2042 116,000 6.500% 50,635.00 166,635.00 217,270.00 1/1/2043 46,865.00 46,865.00 7/1/2043 123,000 6.500% 46,865.00 169,865.00 216,730.00 1/1/2044 42,867.50 42,867.50 7/1/2044 131,000 6.500% 42,867.50 173,867.50 216,735.00 1/1/2045 38,610.00 38,610.00 7/1/2045 140,000 6.500% 38,610.00 178,610.00 217,220.00 1/1/2046 34,060.00 34,060.00 7/1/2046 149,000 6.500% 34,060.00 183,060.00 217,120.00 1/1/2047 29,217.50 29,217.50 7/1/2047 158,000 6.500% 29,217.50 187,217.50 216,435.00 1/1/2048 24,082.50 24,082.50 7/1/2048 169,000 6.500% 24,082.50 193,082.50 217,165.00 1/1/2049 18,590.00 18,590.00 7/1/2049 179,000 6.500% 18,590.00 197,590.00 216,180.00 1/1/2050 12,772.50 12,772.50 7/1/2050 190,000 6.500% 12,772.50 202,772.50 215,545.00 1/1/2051 6,597.50 6,597.50 7/1/2051 203,000 6.500% 6,597.50 209,597.50 216,195.00 $2,600,000 $2,758,325.56 $5,358,325.56 $5,358,325.56 (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 January 1,2027*. * Preliminary, subject to change. V- 5 BROOKFIELD ASLD 8500 LLC, a Delaware limited liability company By:_ Name: Deo, Title: V-6 APPENDIX A LEGAL DESCRIPTION FOR ASSESSMENT AREA NO. 4 LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 4 Lots 1 through 232, inclusive, on the Final Plat for Blossom Rock Phase 3A, Recorded December 10, 2025, as Fee No. 2025-099068, Official Records of Pinal County, Arizona; and Lots 233 through 520, inclusive, on the Final Plat for Blossom Rock Phase 3B, Recorded December 10, 2025, as Fee No. 2025-099071, Official Records of Pinal County, Arizona. APPENDIX A- 1 APPENDIX B EXECUTIVE SUMMARY OF APPRAISAL FOR ASSESSMENT AREA NO. 4 An Appraisal Report of the Market Value of the fee simple interest Superstition Vistas Community Facilities District No. 2 Assessment Area No. 4 520 lots within the Final Plat of Blossom Rock- Phases 3A and 313, located on the south side of Warner Avenue between Ironwood Drive and Blossom Rock Trail, Apache Junction, Pinal County, AZ �M KUDf M.e VhW , �.DMI11l�1 ON1AA� 1)'�4 N• 1312 �[IA Wt MM4 � p a i S ■Ila•�•1 t Prepared For: Superstition Vistas Community Facilities District No. 2 300 E. Superstition Boulevard Apache Junction,AZ 85119 Inspection Date: April 6, 2026 Valuation Date: April 6, 2026 XTYI 'eL�_uC.N T Prepared by: Real Estate Appraisers/Consultants - P.O. Box 2829, Mesa,Arizona, 85214 Phone 480.497.1113 E-mail larry@schnepfellsworth.com Job # 26-2632 Copy 1 of 1 Copyright 2026 by Schnepf Ellsworth Appraisal Group LLC www.SchnepfEllsworth.com ©SCHNEPFELLSWORTHAPPRAISAL GROUP—26 2632A Executive Summary Type of Property: The subject consists of a single-family residential subdivision sites Type of Report: Appraisal Report Class: Single-family residential subdivison land Job No.: 26-2632A Job Name: Superstition Vistas Community Facilities District No. 2 Assessment Area No. 4 Location: The subject is located south of Warner Avenue between Ironwood Drive and Blossom Rock Trail and is a part of Blossom Rock, Apache Junction, Arizona. Legal Description: A full legal description is included within the report. The legal description was obtained from public records. Statement of Ownership: Documents detailing the ownership retained in the addenda. Form of Ownership: Fee Simple Interest Property Rights Appraised: Market Value of the fee simple interest. Intended User/Intended Use (Function) of the Report: The intended users of this report are Superstition Vistas Community Facilities District No. 2 (Client and Intended User), the financial advisor Piper Sandler&Co.,City of Apache Junction,Arizona and special counsel Greenberg Traurig LLP (Intended Users). The intended use (function) of this appraisal will be in conjunction with the sale of tax-exempt assessment bonds,the proceeds of which will be used to finance public infrastructure within the Superstition Vistas Community Facilities District No. 2, Assessment Area No. 4. Improvements Summary: The subject consists of a master-platted parcel consisting of 520 planned lots within the final plat for Blossom Rock Phases 3A and 3B. ii ©SCHNEPFELLSWORTHAPPRAISAL GROUP—26 2632A Assessor's Parcel: Assessor parcel numbers for the individual lots are not yet assigned and no taxes have yet been assessed on the parcels. Currently the entire parcel is pending assignment of parcel numbers based upon the subdivions plat. Flood Zone Designation: Zone X (with some area in Zone A), Panel number 04021 CO200F, Effective date November 28, 2025. Site Area: The aggregate net total for the 520 lots is 73.32 acres. The proposed development has a density of 4.68 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: April 6, 2026 Date of Valuation: April 6, 2026 iii OScHNEPFELLSWORTHAPPRA/SAL GROUP-26 2632A Valuation Conclusions: As if Complete As is Complete Per Lot value Per Lot value As if As if to Assessment to Assessment Blossom Rock Total As is As is Complete Complete Ratio @ Ratio @ Parcel# Lots Per lot Parcel Value Per lot Parcel Value $5,000 $5,000 3A 232 $104,000 $24,128,000 $115,000 $26,680,000 23.00 :1 20.80 :1 3B 288 $109,000 $31,392,000 $120,000 $34,560,000 24.00 :1 21.80 :1 Total 520 Average 23.55 :1 21.35 :1 The values above are the estimates for each parcel reflecting a wholesale(bulk)value of residential lots within each planning area. The wholesale value assumes a sale to a single purchaser. iv OSCHNEPFELLSWORTHAPPRA/SAL GROUP-26 2632A Subject Photographs (April 6, 2026) I—Looking west along Warner Avenue at Flatiron Trail. 2—Looking east along Warner Road at Ironwood Dr. .ter - 3 Looking south along Flatiron Trail at Warner Ave. 4—Looking east Ironwood Dr. towards Phase 3B v ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—26 2632A 5—Looking west along Haynes Way at Gold Stone Trail. 6—Looking northwest across Phase 3B. 7—Looking north across Phase 3B. 8—Looking south along Centennial Road at Haynes Way. vi OSCHNEPFELLSWORTHAPPRA/SAL GROUP-26 2632A c of's f 9—Looking west across Ironwood Park from Parcel 3B. 10—Looking north along Bellwether Trail. 11Looking south on Parcel 3B from Harvest Pass. 12—Looking north along Bolder Canyon Trail on Parcel 3B. vii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP-26 2632A -- - - - � fir�" :a►.�' s - 13 —Looking north across Parcel 3A at Barefoot Road. 14 Looking south across Parcel 3A. 15 —Looking east along Haystack Trail at Blossom Rock Trail. 16—Looking north from Haystack Trail across the west side of Parcel 3A. viii ©SCHNEPFELLSWORTHAPPRA/SAL GROUP—26 2632A 40 49 18—Looking Northwest across Parcel 3A at Haystack Trail and 17—Looking east along Haystack Trail across Parcel 3A. Dutchman Drive. 20 — Looking North along Blossom Rock Trail on the east side 19—Community Park just south of Parcel 3B. of Parcel 3A. ix RESOLUTION NO. SVCFD2 2026-006 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 APPROVING THE FEASIBILITY REPORT RELATING TO THE ACQUISITION AND FINANCING OF CERTAIN IMPROVEMENTS 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. 2 has caused the Report (as such term and all other initially capitalized terms are defined herein) to be prepared, relating to certain public infrastructure and public infrastructure purposes provided for in the General Plan of the District and to be financed with the proceeds of the sale of special assessment bonds of the District, which Report includes, 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. SVCFD2 2026-006 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. 4 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. 4; (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. 2 AS FOLLOWS : SECTION 1 DEFINITIONS In this resolution, the following terms shall have the following meanings : "Act" shall mean Title 48, Chapter 4, Article 6, Arizona Revised Statutes, as amended. "Assessment Area Map" shall mean the map showing the Assessment Area No. 4 and attached hereto as Exhibit B, which map is on file with the Superintendent of Streets and the District Clerk. "Assessment Area No. 4" shall mean the real property contained within the boundaries described in Exhibit A attached hereto. For a more general description, reference is hereby made to the Assessment Area Map attached to this resolution as Exhibit B. "Board" shall mean this Board of Directors of the District. "Bond Counsel" shall mean Greenberg Traurig, LLP, and any successor thereto. RESOLUTION NO. SVCFD2 2026-006 PAGE 2 OF 11 "Bonds" shall mean the District' s Assessment Area No . 4 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 Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement dated as of October 10, 2022, by and among the City of Apache Junction, Arizona, the District, Brookfield Homes Holdings LLC and Brookfield ASLD 8500 LLC, recorded October 11, 2022 at fee number 2022-106816 in the office of the Pinal County Recorder, as amended by the First Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement dated as of January 25, 2024, by and among the City of Apache Junction, Arizona, the District, Brookfield Homes Holdings LLC and Brookfield ASLD 8500 LLC, recorded December 31, 2024 at fee number 2024-100195 in the office of the Pinal County Recorder, as amended by the Second Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement dated as of November 19, 2025, by and among the City of Apache Junction, Arizona, the District, Brookfield Communities US Holdings LLC, North America Sekisui House, LLC, and Brookfield ASLD 8500 LLC, recorded November 19, 2025 at fee number 2025-093640 in the office of the Pinal County Recorder, and as further amended the Third Amendment to Amended and Restated District Development, Financing Participation, Waiver and Intergovernmental Agreement dated as of May 13, 2026, by and among the City of Apache Junction, Arizona, the District, Brookfield Communities US Holdings LLC, North America Sekisui House, LLC, and Brookfield ASLD 8500 LLC, recorded May 13, 2026 at fee number 2026-040066 in the office of the Pinal County Recorder. "District" shall mean the Superstition Vistas Community Facilities District No. 2 . "District Clerk" shall mean the Clerk of the District. RESOLUTION NO. SVCFD2 2026-006 PAGE 3 OF 11 "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, 948, 000 . 00, together with Incidental Expenses ($434, 715 . 00) and a Debt Service Reserve ($217, 285 . 00) , for a total cost not to exceed $2, 600, 000 . 00, all as described on Exhibit C. "Final Plans" shall include all final plans, specifications and contract documents relating to the design of the Project, as have been approved by the City of Apache Junction, Arizona, and on file with the District Clerk. "Incidental Expenses" shall mean compensation paid to the Superintendent of Streets, District Engineer, costs of printing, advertising, posting, the expenses of making, administrating and collecting the assessments, appraiser' s fees, any underwriter' s discount on the Bonds, any municipal 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. 4 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 May 19, 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. RESOLUTION NO. SVCFD2 2026-006 PAGE 4 OF 11 "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. 2 Waiver and Development Agreement Pertaining to the To Be Formed Assessment Area No. 4, by and among the District, Brookfield ASLD 8500 LLC, Brookfield Communities US Holdings LLC and North America Sekisui House, LLC, and all property owners and any other persons having an interest in the real property within the proposed boundaries of Assessment Area No. 4, dated as of 2026 and recorded , 2026, at fee number 2026- 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. RESOLUTION NO. SVCFD2 2026-006 PAGE 5 OF 11 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. 4 . By virtue of the authority vested in the Act, and all amendments thereto, this Board hereby orders the acquisition and performance of the Project at a cost not to exceed the Estimate. When applicable, the District Engineer is authorized to modify the Final Plans to show the as-built condition of the Project. The acquisition of any portion of the Project may be performed upon the sale and delivery of the Bonds in an amount sufficient to pay the costs of acquisition. SECTION 5 DETERMINATION OF NEED; FORMATION OF ASSESSMENT AREA NO. 4 The Assessment Area No. 4 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. 4, 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. 4 . 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. 4 . SECTION 6 EXCLUSION OF CERTAIN PROPERTY Any public or private street or alley within the boundaries of the Assessment Area No. 4 is hereby omitted from the Assessment Area No. 4 . 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 RESOLUTION NO. SVCFD2 2026-006 PAGE 6 OF 11 Assessment Area No. 4 shall be omitted from the assessments hereafter made except as otherwise agreed between the District and such owner. Any acquisition of an assessed parcel by the United States of America, the State of Arizona or other political subdivision of the State of Arizona or charter school after the date hereof shall not extinguish the Assessment with respect thereto, which shall continue in full force and effect until payment in full . SECTION 7 DETERMINATION AND NOTICE OF NECESSITY TO ISSUE BONDS A. This Board finds that the public convenience requires that the Bonds shall be issued to finance the costs and expenses of the Project, the Debt Service Reserve and Incidental Expenses . This Board hereby determines that the Bonds shall be issued in the name of the District payable, however, solely and only out of a special fund collectible from the Assessments levied and assessed upon the lots, pieces and parcels of land within the Assessment Area No. 4 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 (or, if the Bonds are issued after July 1, 2026, then the Bonds shall mature not later than July 1, 2051) . C. The Bonds shall bear interest at rate or rates of not to exceed ten percent (10 . 00) 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 . 0o) . If the Bonds are directly sold to a bank or financial institution, any default interest rate or taxable interest rate RESOLUTION NO. SVCFD2 2026-006 PAGE 7 OF 11 shall not exceed ten percent (10 . 00) . This Board reserves the right to call the Bonds for prior redemption, in whole or in part, on such terms as may hereafter be established by this Board. D. Principal installments of each Assessment shall be due on the first day of June immediately preceding the maturity date of any Bonds and installments of interest of each Assessment shall be due on the first day of June and December. SECTION 8 ESTABLISHMENT OF GRADE The grades and elevations for the Streets are hereby officially changed to correspond with the grades and elevations shown on the Final Plans . SECTION 9 STATUTORY AUTHORITY The Project and all proceedings pertaining thereto shall be acquired and performed under the provisions of the Act. SECTION 10 DELEGATION OF AUTHORITY The District Engineer and the Superintendent of Streets are hereby authorized to complete the Final Plans, specifications and any contract documents . SECTION 11 RIGHT TO REDUCE SCOPE OF WORK If, because of pending or threatened litigation concerning any one or more parcels subject to the Assessment, (i) the District receives a written opinion of Bond Counsel stating that the Bonds cannot be issued against such parcel or parcels or (ii) the District is unable to obtain any right-of-way necessary for the acquisition of the Project, the District may then cause the acquisition or construction contract to be modified to exclude from the applicable contract some or all of the Project which will 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. RESOLUTION NO. SVCFD2 2026-006 PAGE 8 OF 11 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 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. SVCFD2 2026-006 PAGE 9 OF 11 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, THIS 19TH DAY OF MAY, 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. 4 EXHIBIT B - Maps of the District and Assessment Area No. 4 EXHIBIT C - Estimated Costs EXHIBIT D - Description of Project RESOLUTION NO. SVCFD2 2026-006 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. 2 at a regular meeting held on May 19, 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. SVCFD2 2026-006 PAGE 11 OF 11 EXHIBIT A LEGAL DESCRIPTION OF ASSESSMENT AREA NO. 4 Lots 1 through 232, inclusive, on the Final Plat for Blossom Rock Phase 3A, Recorded December 10, 2025, as Fee No. 2025-099068, Official Records of Pinal County, Arizona; and Lots 233 through 520, inclusive, on the Final Plat for Blossom Rock Phase 3B, Recorded December 10, 2025, as Fee No. 2025-099071, Official Records of Pinal County, Arizona. RESOLUTION NO. SVCFD2 2026-006 EXHIBIT A EXHIBIT B MAPS OF THE DISTRICT AND ASSESSMENT AREA NO. 4 (attached hereto) RESOLUTION NO. SVCFD2 2026-006 EXHIBIT B The District L9 L10 _ _ LB L11 L12 ELLIOT AVENUE (ALIGNMENT) 6 J I � a — - SEC 18 T1S R8E -- - SEC 17 T1S R8E a Y s Cl L1 7WARNER ROAD W L3 C2 m N (ALIGNMENT) Z 6 O n 0 1 q r m 0 J mm OW a — - SEC 19 T1S R8E Z 0 SEC 20 T1S R8E ❑ Q s - 0 c O .o 31 S - - RAY AVENUE L18 LN EXCEPTION lD PARCEL 'A", PHASE 5 COMMERCIAL 4pEo AroS(� FEE 2024-061060, PCR �4 ptsFiC4rg �y e EXCEPTION RorvE E. NOT TO SCALE PARCEL 'A", PHASE 3 COMMERCIAL DO FEE 2024-061061, PCR SUNRISE EXCEPTION Re d'Usk n 3 0 PARCEL 11, 12, 13& 14 e Z�'�a 3�'' ENGINEERING BLOSSOM ROCK PHASE 1 FEE 2022-084918, PCR 2045 SOUTM VINEYARD,SUITE 101 IIESA,ARIZONA 8521N TEL A 768 MOO SHEET 4 OF 5 RESOLUTION NO. 2025-001 SVCFD NO. 2 EXHIBIT B E I i Y I ' Y Y Ir tlri Y Y .. i8 fii a i AN ,Y 8' YY 1% Y Ytl a �m Cy2N V D 5§�E 9e < p—~ s C s RESOLUTION NO. 2025-001 SVCFD NO. 2 EXHIBIT B EXHIBIT C ESTIMATED COSTS Project Costs $1, 948, 000 . 00 Debt Service Reserve 217, 285 . 00 Incidental Expenses 434, 715 . 00 Total Cost $2, 600, 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. 4 . As applicable, the par amount of the Bonds will be rounded down to the nearest $1, 000 integral from the Assessment amount. RESOLUTION NO. SVCFD2 2026-006 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 COMPLETION- Construction of approximately 2,359 linear $4,554,343 May 2026 feet of full street surface improvements with landscape installed within the raised median, at the back of the curb to the detached sidewalk and within adjacent tracts as shown on the approved Landscape Plan. The street improvements include two lanes in each direction and tying into existing Blossom Rock Trail phase 1 to the South and extending to Warner Ave. to the North. These improvements include 12-inch potable water and 8-inch water stubs, various sizes of storm drain, dry utility installation, concrete curb and gutter, sidewalk, paving, striping, signage, streetlights, street sleeves, landscaping and irrigation, and entry monuments. All improvements are shown on the plans sealed by Sunrise Engineering, on December 4, 2024, and approved by the City of Apache Junction on February 5, 2025, which may be amended from time to time to allow for additional property uses adjacent to Blossom Rock Trail that are not yet known. TOTAL: $4,554,343 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. RESOLUTION NO. SVCFD2 2026-006 EXHIBIT D ►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. 7. �Piz oN* File ID: 26-254 Sponsor: Agenda Date: 5/19/2026 Index: In Control: Superstition Vistas Community Facilit Presentation, discussion and consideration of Resolution No. SVCFD2 2026-007, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 approving the levying of an assessment and assessment diagram for Assessment Area No. 4 within the district. City of Apache Junction,Arizona Pagel Printed on 511412026 SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO . 2 ASSESSMENT AREA NO . 4 SHEET INDEX NE j SHEET DESCRIPTION 01 COVER SHEET 02 KEY MAP ICI N ITY MAPI 03 PARCEL 20.3 (LOTS 01 -120) NTS 04 PARCEL 20.3 (LOTS 121 -232) 05 PARCEL 20.3 (LOTS 233-384) s Lj FREEWAY THO AS ( ) 06 PARCEL 20.3 LOTS 385-520 � I I (AZ 202) Me EL Ij 0 CKE LIP DISTRICT ENGINEER CERTIFICATION B AN RD I HEREBY CERTIFY THAT THE PARCEL BOUNDARIES SHOWN AS DEPICTED ON THESE PLANS WERE SUPPLIED BY WOOD PATEL & ASSOCIATES, INC. AND ARE >j I CORRECT TO THE BEST OF MY KNOWLEDGE AND BELIEF. a UNIVE E. f N AIN ST OI 04/24/2026 o I � '\ O I L ROD 3: DISTRICT ENGINEER DATE ta- LERN Lr- OI N �I L Q HAPPROVED BY RESOLUTION NO.2026-00 SV CFD NO. 2 AT A MEETING OF THE tz BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 ON THE DAY OF , 2026. BA E j N I a L.—.—.—.—.—.—.—.—.—.—.—.—.—.—._._.—.—.—.—.—.—.—.—.—.J DISTRICT CLERK DATE a c a Q } wl V5 i.J J ¢ a Z 5 Z = SIGNED; THIS DAY OF ,2026 O N J J > ELLIOT 130 a z Jo m cn J o = U _. WARNER AVE SUBMITTED: 04/24/2026 U) o N r o ¢ SUPERINTENDENT OF STREETS DATE z (AZ 202) SANTAN FRWY I E ¢ o 0 I I RAY AVE � I 7 - L....._.J WILLIAMS FIELD THIS z PROJECT PECOS RD o v oss:lona/F 0 GERMANN RD eae� �\pICA7,,, �a �o : qu � 22861 j TIMOTHY D. QUEEN CREEK CRALL ]'I J . CTM ned ` Cn NA = m C7 (n q�20 V S Q Q O O y r O m 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 N N N Z Tel: 602.244.2566 / Fax: 602.244.8947 E D N O O r www.entellus.com to K: y o co X z o z z SUPERSTITION VISTAS N o o m COMMUNITY FACILITIES 0 z DISTRICT NO. 2 0 0 U APACHE JUNCTION, ARIZONA Ld N COVER SHEET 0 ASSESSMENT AREA NO. 4 O SHEET TOTAL DRAWN BY: VS DESIGN BY: JB CHECK BY: TC NO: SHEETS w DATE: 04/24/2026 ENT PROJ #: 745.029E 01 06 AA NO . 4 / / SHEET 03 LOTS 1 -120 .-' (120 LOTS) 61 60 --' S6 57 sg 59 62 __�— -- S5 69 68 63 o. 71 WARNER AVENUE 54 70 64 ———� 51 52 53 1�1 � 73 72 \ 666 --- 67--- --- --- — — 48 49 50 74 � 42 41 81 44 43 80 46 45 � � 77 78 79 82 47 75 76 33 89 88 83 32 40 91 90 84 31 38 39 93 92 85 30 35 36 37 94 8687 I I 29 34 \ 28 23 22 21 101 26 25 24 98 99 0 II 27 \ 95 96 97 LEGEND: 13 0 102 I 12 19 20 0 04 ASSESSED IMPROVEMENTS I 18 o (BLOSSOM ROCK TRAIL) 11 16 17 107 10 14 15 �ol ASSESSMENT AREA EXTENTS 9 3 2 1 MATCH LINE 8 5 4 108 134 6 LOT LINE 7 ll 1 110 109 135 100 LOT NUMBER 113 112 133 136 114 132 (y 520 116115 130 131 1� I 118 117 129 519 119 128 i 137 1488 489 490 491 492 493 ±494495L4(96t497 498 L499 500 501 502 503 504 505 126 127 � 139 138 506 518 120 12s 140 ASSESSMENT AREA (AA) NO. 4 - SITE DATA I — — — — — 507 517 141 I � 121 123 124 i � 143 142 168 o I 4877 86 485 484 483M482481480 479 478 477 476 475 474 473 472 471 508 516 122 145 144 166 167 O(� PARCEL 20.3 N 146 165 LOT COUNT: 520 w 448 449 450 451 452 453 454 455 456 457 458 459 460 461 462 509 515 148 147 163 164 169 > 463 470 510 514 149 162 AA NO. 4 Q ; — — — 469 511 151 150 160 161 170 TOTAL LOT COUNT: 520 p 464 513 159 173 171 6 0 447 446 445 444 443 442 441 440 439 438 437 436 435 434 468 512 152 158 1-1 i 174 157175 o 0 433 465 � 156 i 176 � 172 467 360 153 155 177 \ 0 419 420 421 422 423 424 425 426 427 428 429 432 466 ` 179 178 195 W — — — 430 359 361 154 180 194 1 181 193 SHEET 04 214 oI SHEET 06 1-1 1-1356 357 358 362 1 182 192 LOTS 418 417 416 415 414 413 412 L OT�+ 431 i 354 355 363 184 83 191 1-1 215 wl � 385-520 352 353 334 333 189 190 121 -232 335 188 213 0 12 LOTS), 216 1-1 405 406 407 408 409 410 411 (1 3 6 LOTS 350 351 337 336 185 187 � 349 338 276 196 217 Ic i 339 186 i 197 212 218 395 199 � I 394 393 ` � 341 340 331 332 275 198 342 330 396 343 329 200 211 219 I 397 328 201 210 F4O4 403 402 401 400 399 398 344 327 274 202 209 220 345 326 273 208 221 346 325 272 348 347 323 324 270 271 203 206 207 1-1223 222 a j 385 386 387 388 389 390 391 392 322 269 1-1 255 205 224 i I � 321 268 �� i 225 204 226 a 320 267 256 254 227 L 318 319 266 257 228 — — 317 265 258 229 j 380 316 311 260 259 253 230 384 1-1 231 383 382 381 312 261 252 U 379 SHEET 0 5 313 262 251 232 378 LOTS 315 314 1-1 264 263 249 250 c� 248 %::long/ D I 373 374 375 376 233-384 � 233 Q�%� 305 ` 246 247 235 234 � \FICATF — 377 306(152 LOTS) 307 `� 245 236 22861 m I _ _ 308 244 237 TIMOTHY D. 61-1 I 309 i � 238 CRALL od �rnn z I 303 240 310 304 239 372 371 370 369 368 367 366 365 364 ��' 302 241 DNA Q 301 242 p p 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 C I 300 243 C�1�`-1 Tel: 602.244.2566 / Fax: 602.244.8947 a) 299 F 1-1www.entellus.com 292 293 294 295 296 297 298 277 N 278 SUPERSTITION VISTAS a I 279 o � — — 281 280 COMMUNITY FACILITIES z 282 DISTRICT NO. 2 291 290 289 egg 287 286 285 284 283 APAC H E JUNCTION, AR I ZO NA Ld N KEY MAP LO ASSESSMENT AREA NO. 4 0 SHEET TOTAL DRAWN BY: VS DESIGN BY: JB CHECK BY: TC NO: SHEETS Lij DATE: 04/24/2026 ENT PROJ #: 745.029E 02 06 LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA(M-M ASSESSMENT NO. LOT NO. AREA(SQn ASSESSMENT N0. LOT NO. AREA(SQ M ASSESSMENT NO. LOT NO. AREA ASSESSMENTM ASSESSMENT NO. 00� /. �// \ \ LOT: 01 4r= 02-04-2-20.3-01 LOT: 21 4,250 02-04-2-20.3-21 LOT: 41 4.250 02-04-2-20.3-41 LOT: 61 4AW 02-04-2-20.3-61 LOT: 02 Z997 02-04-2-20-'-02 LOT: 22 Z997 02-04-2-20.3-22 LOT: 42 Z997 02-04-2-20.3--42 LOT: 62 4,= 02-04-2-20.3-62 LOT: 03 Z997 02-04-2-20.3-03 LOT: 23 Z997 02-04-2-20.3-23 LOT: 43 Z997 02-04-2-20.3-43 LOT: 63 2.07 02-04-2-20.3-63 LOT: 04 Z997 02-04-2-20.3-04 LOT: 24 Z997 02-04-2-20.3-24 LOT: 44 Z,997 02-04-2-20.3-44 LOT: 64 Z997 02-04-2-20.3-64 / I .// \ LOT: 05 2,997 02-04-2-20.3-05 LOT: 25 Z997 02-04-2-20.3-25 LOT: 45 Z997 02-04-2-20.3-45 LOT: 85 Z997 02-04-2-20.3-85 LOT: 06 Z997 02-04-2-20.3-06 LOT: 26 Z997 02-04-2-20.3-26 LOT: 46 Z997 02-04-2-20.3-46 LOT: 86 Z997 02-04-2-20.3-86 LOT: 07 4AW 02-04-2-20.3-07 LOT: 27 Z997 02-04-2-20.3-27 LOT: 47 4v249 02-04-2-20.3-47 LOT: 67 4AW 02-04-2-20.3•-67 LOT: 08 4AW 02-04-2-20-5-08 LOT: 28 Z997 02-04-2-20.3-28 LOT: 48 4r300 02-04-2-20.3-48 LOT: 68 4,250 02-04-2-20.3-68 61 \ \ LOT: 09 Z997 02-04-2-20.3-09 LOT: 29 Z997 02-04-2-20.3-29 LOT: 49 Z997 02-04-2-20.3-49 LOT: 69 2.07 02-04-2-20.3-89 LOT: 10 Z997 02-04-2-20.3-10 LOT: 30 Z997 02-04-2-20.3-30 LOT: 50 Z,997 02-04-2-20.3-50 LOT: 70 Z997 02-04-2-20.3-70 60 /�-\ \ \ LOT: 11 2,997 02-04-2-20.3-11 LOT: 31 2,997 02-04-2-20.3-31 LOT: 51 2,997 02-04-2-20.3-51 LOT: 71 2.997 02-04-2-20.3-71 59 / \ \\ LOT: 12 Z997 02-04-2-20.3-12 LOT: 32 Z997 02-04-2-20.3-32 LOT: 52 Z997 02-04-2-20.3-52 LOT: 72 Z997 02-04-2-20.3-72 58 / \ 62 \ LOT: 13 4,298 02-04-2-20.3-13 LOT: 33 4,300 02-04-2-20.3-33 LOT: 53 2,997 02-04-2-20.3-53 LOT: 73 2.997 02-04-2-20.3-73 57 1-1 //� \ \ \ LOT: 14 4r= 02-04-2-20.3-14 LOT: 34 4,250 02-04-2-20.3-34 LOT: 54 4.300 02-04-2-20.3-54 LOT: 74 4,250 02-04-2-20.3-74 55 56 / ` 63 \\ > \ LOT: 15 2,997 02-04-2-20.3-15 LOT: 35 Z997 02-04-2-20.3-35 LOT: 55 4,300 02-04-2-203-55 LOT: 75 4,250 02-04-2-20.3-75 /' 68 \\ \\\ \ '� l LOT: 16 Z997 02-04-2-20.3-16 LOT: 36 Z997 02-04-2-20.3-38 LOT: 56 Z997 02-04-2-203-56 LOT: 78 2.997 02-04-2-20.3-76 69 ` \ 64 ` ✓✓ \ LOT: 17 Z997 02-04-2-20 3-17 LOT: 37 Z997 02-04-2-20 3-37 LOT: 57 Z997 02-04-2-20 3-57 LOT: 77 Z997 02-04-2-20 3-77 54 // / 70 \\ \ \ ``/ \ LOT: 18 Z997 02-04-2-20.3-18 LOT: 38 Z997 02-04-2-20.3-38 LOT: 58 Z997 02-04-2-20.3-58 LOT: 78 Z997 02-04-2-20.3-78 71 \ ` y \ LOT: 19 2.997 02-04-2-20.3-19 LOT: 39 Z997 02-04-2-20.3-39 LOT: 59 Z997 02-04-2-20.3-59 LOT: 79 Z997 02-04-2-20.3-79 52 53 // / 72 \ \ 65 \\ \\ LOT: 20 4r250 02-04-2-20.3-20 LAT: 40 4,250 02-04-2-203-40 LOT: 60 Z997 02-04-2-20.3-60 LOT: 80 Z997 02-04-2-20.3-80 73 \ 51 ' 74 \ 66 \ \ \ \ 50 LOT TABLE LOT TABLE \ \ 48 49 / / / \ \ \\ \\\ \ 67 \ \ LOT NO. AREA(SQ M ASSESSMENT NO. LOT NO. AREA(SQ.M ASSESSMENT NO. 41 \ \ \ \ \ \\\ 0 LOT: 81 4.ZW 02-04-2-20.3-81 LOT: 101 4,250 02-04-2-20.3-101 42 \ \ 81 \ LOT: 82 4.300 02-04-2-20.3-82 LOT: 102 4,300 02-04-2-20.3-102 43 \\ \ \ \ 80 \ \\ \ \\ LOT: 83 Z997 02-04-2-20.3-83 LOT: 103 Z997 02-04-2-20.3-103 44 \ 79 LOT: 84 Z997 02-04-2-20.3-84 LOT: 104 Z997 02-04-2-20.3-104 \ \ 46 45 \ \ \\ 78 \ 82 \ \ LOT: 85 Z997 02-04-2-20.3-85 LOT: 105 Z997 02-04-2-20.3-105 \ \ \ \ 77 n \ \ \ LOT: 86 Z997 02-04-2-20.3-86 LOT: 106 Z997 02-04-2-20.3-106 \ \47 LOT: 87 4ti= 02-04-2-20.3-87 LOT: 107 4,250 02-04-2-20.3-107 \ \ � \ \ / " / \ \ \ \ \ 75 76 / `\ \ \ 83 \\ \\ LOT: 88 4,250 02-04-2-20.3-88 LOT: 108 8,175 02-04-2-20.3-108 33 \ \ \\ \ \ \ 89 88 \\ \\ \ \ LOT: 89 Z997 02-04-2-20.3-89 LOT: 109 61250 02-04-2-20.3-109 84 \ \ LOT: 90 Z997 02-04-2-20.3-90 LOT: 110 6,250 02-04-2-20.3-110 \ 32 \\ 40 A �� 90 91 \\ \\ \ \ LOT: 91 2,997 02-04-2-20.3-91 LOT: 111 61250 02-04-2-20.3-111 31 \ \ 39 ' 92 \ \ 85 \\ \\ LOT: 92 Z997 02-04-2-20.3-92 LOT: 112 6,250 02-04-2-203-112 CO \ \ 38 // \ / 93 \ \ LOT: 93 Z997 02-04-2-20.3-93 LOT: 113 61250 02-04-2-20.3-113 04 N \ \ \ 37 / / \ 86 \\ \\ LOT: 94 4ti= 02-04-2-20.3-94 LOT: 114 8,250 02-04-2-20.3-114 \ 30 \ 36 94 \\ \\ \ \ LOT: 95 4ti= 02-04-2-20.3-95 LOT: 115 81250 02-04-2-20.3-115 N \ c \\ \\\ 34 35 / / �j / \ \ \ \` \\\\ 87 \ \ LOT: se 2�� 02-04-2-20�96 LOT: 116 g 02-04-2-203-116 C \ \ 2) / / / \ \ \ LOT: 97 2, 02 04-2 20.3-97 LOT: 117 02 04-2 20.3-m \ / 21 \ \ \ \ \ \ \ LOT: 98 Z997 02-04-2-20.3-96 LOT: 118 6,250 02-04-2-20 3-118 22 \ 101 o \ \ 28 23 \ \\ \ \\ LOT: 99 2.997 02-04-2-20.3-99 LOT: 119 U75 02-04-2-20.3-119 \ / 24 \ \ too /� LOT: 100 2,997 02-04-2-20.3-100 LOT: 120 6,750 02-04-2-20.3-120 \ \ / 25 \ \ \ 99 26 \ \ \ 98 � \ 1 \ / / 97 �i \\ \ 27 \\ \ 9695 cy) \ 13 10 \ \\ 20 A A \ /%' 103 Ln \ / 104 \ 12 \ V A 19 105 V / a \\ \ \V AV A \ 18 / 106 17 o \ \ 10 \ \ \\ 14 15 ------ \ \ 9 / 2 3 < \ \ \\ \ '� 4 ° \ 8 5 // /' 108 \ 6 109 \ CD o ---- \ \ 7 ,// / i // 110 a � z \ \ \ \\ / 112 o 113 dos:Iona/F 114 0� eaeF \\FICA TF G P �� 115 22861 116 G� TIMOTHY D. / Sv CRALL VTM 66 ,/ 117 °° o �'/19 118q'�70Nq Q. Q Q \ Mr` 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Q ^ p Tel: 602.244.2566 / Fax: 602.244.8947 E LEGEND. C ^p'l www.entellus.com 120 SUPERSTITION VISTAS Q ASSESSED IMPROVEMENTS N y�y� \\\ \ \\ (BLOSSOM ROCK TRAIL) \ COMMUNITY FACILITIES z MATCH LINE \ --- --- ROW LINE cn DISTRICT NO. 2 LOT LINE APACHE JUNCTION, ARIZONA Ld -------------- EASEMENT LINE o - - CENTER LINE PARCEL NO. 20.3 (LOTS 1 -120) >oo LOT NUMBER ASSESSMENT AREA NO. 4 02-04-2-20.3-100 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- 80 40 0 80 160 DEVELOPMENT UNIT # -PARCEL # -LOT # DRAWN BY: VS DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS w SCALE: 1 80 DATE: 04/24/2026 ENT PROJ #: 745.029E 03 06 ♦ 134 V LOT TABLE LOT TABLE LOT TABLE LOT TABLE \ ♦ LOT NO. AREA(SOFT) ASSESSMENT NO. LOT NO AREA(Sq M ASSESSMENT NO. LOT NO. AREA(SQ M ASSESSMENT NO. LOT NO. AREA(SO M ASSESSMENT NO. \ LOT: 121 6,750 02-04-2-20.3-121 LOT: 141 61250 02-04-2-20.3-141 LOT: 161 61250 02-04-2-20.3-181 LOT: 181 6,750 02-04-2-20.3-181 135 LOT: 122 8,675 02-04-2-20.3-122 LOT: 142 61250 02-04-2-20.3-142 LOT: 162 6050 02-04-2-20.3-162 LOT: 182 6,750 02-04-2-20.3-182 \ LOT: 123 8,250 02-04-2-20.3-123 LOT: 14.3 6,250 02-04-2-20.3-143 LOT: 183 6,250 02-04-2-20.3-163 LOT: 183 7,603 02-04-2-20.3--183 \ \ \ LOT: 124 6,250 02-04-2-20.3-124 LOT: 144 6.250 02-04-2-20.3-144 LOT: 184 6,250 02-04-2-20.3-164 LOT: 1" 12,287 02-04-2-20.3-184 \ \ 136 LOT: 125 6,250 02-04-2-20.3-125 LOT: 145 6,250 02-04-2-20.3-145 LOT: 165 61250 02-04-2-20.3-165 LOT: 185 10,125 02-04-2-20.3-185 r� LOT: 126 6,250 02-04-2-20.3-126 LOT: 146 6,280 02-04-2-20.3-146 LOT: 186 6,250 02-04-2-W466 LOT: 186 12,288 02-04-2-20.3-186 Q� 133 \ \� /' \ \ � \ LOT: 127 8.250 02-04-2-20.3-127 LOT: 147 61250 02-04-2-20.3-147 LOT: 187 81250 02-04-2-20.3-167 LOT: 187 91158 02-04-2-20.3-187 132 , \ LOT: 128 6,250 02-04-2-20.3-128 LOT: 148 61250 02-04-2-20.3-148 LOT: 168 4175 02-04-2-20.3-168 LOT: 188 9,045 02-04-2-20.3-189 131 LOT: 120 8,250 02-04-2-20.3-129 LOT: 149 6,250 02-04-2-20.3-149 LOT: 169 4175 02-04-2-20.3-169 LOT: 189 9,045 02-04-2-20.3-189 N�s // \ LOT: 130 6,250 02-04-2-20.3-130 LOT: 150 6,250 02-04-2-20.3-150 LOT: 170 6,250 02-04-2-20.3-170 LOT: 190 9,045 02-04-2-20.3-190 N130 // , \ LOT: 131 8,250 02-04-2-20.3-131 LOT: 151 6,875 02-04-2-20 3-151 LOT: 171 81250 02-04-2-20.3-171 LOT: 191 9,045 02-04-2-20.3-191 129 / / ' / /// \ \ \\ ♦ /'�, \ LOT: 132 6,250 02-04-2-20.3-132 LOT: 152 6,750 02-04-2-20.3-152 LOT: 172 6,250 02-04-2-20.3-172 LOT: 192 9,045 02-04-2-20.3-192 LOT: 133 8,175 02-04-2-20.3-133 LOT: 153 6,750 02-04-2-20.3-153 LOT: 173 4175 02-04-2-20.3-173 LOT: 193 9,045 02-04-2-20.3-193 128 // / / loll / 137 \ \ \ \ LOT: 134 6,250 02-04-2-20.3-134 LOT: 154 8,675 02-04-2-20.3-154 LOT: 174 6,750 02-04-2-20.3-174 LOT: 194 9,045 02-04-2-20.3-194 127 // ' / 138 \ \ LOT: 135 8,250 02-04-2-20.3-135 LOT: 155 6,250 02-04-2-20.3-155 LOT: 175 6,750 02-04-2-20.3-175 LOT: 195 10,195 02-04-2-20.3-195 126 139 \ \ ♦♦ LOT: 136 8,175 02-04-2-20.3-136 LOT: 158 6.2M 02-04-2-203-156 LOT: 176 6.750 02-04-2-203-176 LOT: 196 81100 02-04-2-20.3-196 12.5 / 140 \ \\\ LOT: 137 6,175 02-04-2-20.3-137 LOT: 157 6,250 02-04-2-20.3-157 LOT: 177 8,750 02-04-2-20.3-177 LOT: 197 81100 2-04-2-20.3-197 Ill \ \ LOT: 138 6,250 02-04-2-20.3-138 LOT: 158 6,250 02-04-2-20.3-158 LOT: 178 6,750 02-04-2-20.3-178 LOT: 198 81100 02-04-2-203-198 I'll Ill / / / 141 \ \ \ \ v LOT: 139 8,250 02-04-2-20.3-139 LOT: 159 6,250 02-04-2-20.3-159 LOT: 179 6,750 02-04-2-20.3-179 LOT: 199 81100 02-04-2-20.3-199 121 123 // / '/ /// 142 \\\ \\ ♦♦O� LOT: 140 6,250 02-04-2-20.3-140 LOT: 160 6,250 02-04-2-20.3-160 LOT: 180 6.750 02-04-2-20.3-180 LOT: 200 81100 02-04-2-20.3-200 \ I'll 11.1 i i 143 168 \ \\ \ \ \ /' / // / // 144 167 \\ O/ LOT TABLE LOT TABLE 'l22 / / 145 /166 \ LOT NO. AREA(W M ASSESSMENT NO. LOT NO AREA(W M ASSESSMENT NO. V \ \ i � ' /// / ' /' 146 165 // \ LOT: 201 8,100 02-04-2-20.3-2M LOT: 221 10,195 02-04-2-203-221 147 164 // /// LOT: 202 12.693 02-04-2-20.3-202 LOT: 222 8,100 02-04-2-203-222 ` LOT: 203 10,665 02-04-2-20.3-203 LOT: 223 81100 02-04-2-203-223 /> V' 148 163 / / / �r 169 LOT: 204 12,693 02-04-2-20.3-204 LOT: 224 8,100 02-04-2-20.3-224 'n /' / /' 149 162 // ^ \ LOT: 205 41100 02-04-2-20.3-205 LOT: 225 81100 02-04-2-20.3-225 161 LOT: 206 8,100 02-04-2-20.3-206 LOT: 226 8,100 02-04-2-20.3-226 150 170 LOT: 207 8,100 02-04-2-20.3-207 LOT: 227 8.100 02-04-2-20.3-227 i � / / / \ n / 1.51 159 /160 /' / \ \ \ LOT: 208 81100 02-04-2-20.3-208 LOT: 228 8,100 02-04-2-203-228 V' \ /1-1/ / t 73 \ \ \ \ LOT: 209 81100 02-04-2-20.3-209 LOT: 220 81100 02-04-2-203-229 / / \ 158 / / /' 174 \ \ 171 ♦ LOT: 210 81100 02-04-2-20.3-210 LOT: 230 8,100 02-04-2-20.3-230 \\ 152 LOT: 211 12,693 02-04-2-20.3-211 LOT: 231 81100 02-04-2-20.3-231 \ \ \ 157 / / / // 175 \ \\\ 172 LOT: 212 10,665 02-04-2-203-212 LOT: 232 11,402 02-04-2-20.3-232 / 1-1 /156 loll / / / 176 \ LOT: 213 12.693 02-04-2-203-213 \ 153 155 // // 177 A \ V A LOT: 214 81100 02-04-2-20.3-214 \ \ /' / / ' 178 LOT: 215 81100 02-04-2-20.3-215 // 195 \\ //j / LOT: 216 81100 02-04-2-203-218 179 j / LOT: 217 81100 02-04-2-20.3-217 V \ 154 / 194 �/ /' 180 / // LOT: 218 8,100 02-04-2-203-21a / LOT: 219 8,100 02-04-2-20.3-219 \ ` /i� / ,/' 181 193 X / / LOT: 220 8,100 02-04-2-20.3-220 No / / /' 182 192 /' / / / 214 N 10" / / \ �10" 183 191 N \ \ 184 190 loll-,'/ / �\ \\ \\ 215 v \ / \ \ \ 188 /j/ 213 \V A \\\\ \\ \ \ 216 \ \ \ 185 a \ 187 /' / %/ \ \ \ \ \ \ 217 � /' 196 \ \ \ \ . / � 212 \ \ A \ \ \\ \ \ 186 � / ' i/ 197 \ \ AA N cy) \ / �� \\ \ \ /' '�/ 198 \ \ \ \\ \\ \ \ 218 Ln 199 /' 200 211 / \ 219 \ 201 210 /,// / 202 \ \ / 209 / /' \ \ \ 220 208 221 \\ \ \ \ \\ \ /// \ 207 222 \\ / \\ \ 203 206 / / // 223 o�CD 205 /i i ,1-1 224 \ / .0" a \ / / 1-11-1' 225 zo \ \ \ 204 / �� / 226 0 \\ \\ // 1-1 / �� 227 Q\o\ss:lona/f®�� / / 228 `e`eaG �F1CA 22861 % / /' 229 TIMOTHY D. CRALL A� �rm z c ° �/' 230 s ned Q A 231 9�ZONA SP 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Tel: 602.244.2566 / Fax: 602.244.8947 Ewww.entellus.comLEGEND: 232 SUPERSTITION VISTAS Q ASSESSED IMPROVEMENTS N (BLOSSOM ROCK TRAIL) �� COMMUNITY FACILITIES 0 z MATCH LINE DISTRICT NO. 2 --- --- ROW LINE LOT LINE APACHE JUNCTION, ARIZONA 0) -------------- EASEMENT LINE o - - CENTER LINE PARCEL NO. 20.3 (LOTS 121 -232) >oo LOT NUMBER ASSESSMENT AREA NO. 4 02-04-2-20.3-100 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- 80 40 0 80 160 DEVELOPMENT UNIT # -PARCEL # -LOT # DRAWN BY: VS DESIGN BY: JB CHECK BY: TC SHEET TOTAL NO: SHEETS w SCALE: 1 80 DATE: 04/24/2026 ENT PROJ #: 745.029E 04 06 www w LOT NO. AREA(SQ M ASSESSMENT NO. LOT NO. AREA(SQ M ASSESSMENT NO. LOT NO. AREA(SQ M ASSESSMENT NO. LOT NO. AREA(SQ M ASSESSMENT NO. LOT: 233 11,762 02-04-2-20.3-233 LOT: 253 12.692 02-04-2-20.3-253 LOT: 273 0,921 02-04-2-20.3-273 LOT: 203 81100 02-04-2-20.3-293 LOT: 234 8,235 02-04-2-20.3-234 LOT: 254 10,665 02-04-2-20.3-254 LOT: 274 12,287 02-04-2-20.3-274 LOT: 204 81100 02-04-2-20.3-294 LOT: 235 8,235 02-04-2-20.3-235 LOT: 255 12,693 02-04-2-20.3-255 LOT: 275 1%125 02-04-2-20.3-275 LOT: 295 8,100 02-04-2-20.3-295 LOT: 238 8,235 02-04-2-20.3-236 LOT: 256 8,921 02-04-2-20.3-258 LOT: 276 12,287 02-04-2-20.3-276 LOT: 296 8,100 02-04-2-20.3-296 LOT: 237 8,235 02-04-2-20.3-237 LOT: 257 8,235 02-04-2-20.3-257 LOT: 277 10,195 02-04-2-20.3-277 LOT: 297 8,100 02-04-2-20.3-297 LOT: 238 8,855 02-04-2-20.3-238 LOT: 258 8,235 02-04-2-20.3-258 LOT: 278 9,450 02-04-2-20.3-278 LOT: 298 81100 02-04-2-20.3-298 LOT: 239 8,235 02-04-2-20.3-239 LOT: 259 8,235 02-04-2-20.3-259 LOT: 279 9.450 02-04-2-20.3-279 LOT: 299 81100 02-04-2-20.3-299 LOT: 240 %235 02-04-2-20.3-240 LOT: 250 8,235 02-04-2-20.3-250 LOT: 280 9,450 02-04-2-20.3-280 LOT: 300 81100 02-01 2-20.3-300 / LOT: 241 8,235 02-04-2-20.3-241 LOT: 261 8,235 02-04-2-20.3-261 LOT: 281 9,450 02-04-2-20.3-281 LOT: 301 81100 02-04-2-20.3-301 LOT: 242 8,235 02-04-2-20.3-242 LOT: 262 8,235 02-04-2-20.3-262 LOT: 282 11,705 02-04-2-20.3-282 LOT: 302 81100 02-04-2-20 3-302 // LOT: 243 10,195 02-04-2-20.3-243 LOT: 253 8,235 02-04-2-20.3-253 LOT: 283 14021 02-04-2-20.3-283 LOT: 303 8,100 02-04-2-20.3-303 LOT: 244 10,195 02-04-2-20.3-244 LOT: 264 10,195 02-04-2-20.3-264 LOT: 284 81100 02-04-2-20.3-284 LOT: 304 10,195 02-04-2-20.3-304 / / 360 \ \ \ LOT: 245 8= 02-04-2-20.3-245 LOT: 255 10,195 02-04-2-20.3-255 LOT: 285 4100 02-04-2-20.3-285 LOT: 305 10,195 02-04-2-20.3-305 LOT: 246 8,235 02-04-2-20.3-246 LOT: 256 8,235 02-04-2-20.3-256 LOT: 286 81100 02-04-2-20.3-286 LOT: 306 81100 02-04-2-20.3-306 LOT: 247 8,235 02-04-2-20.3-247 LOT: 267 8,235 02-04-2-20.3-267 LOT: 297 4100 02-04-2-20.3-287 LOT: 307 81100 02-04-2-20.3-307 �V� / / \ // 359 361 \ LOT: 248 8,235 02-04-2-20.3-248 LOT: 268 8,235 02-04-2-20.3-266 LOT: 288 8,100 02-04-2-20.3-288 LOT: 308 81100 02- 308 04-2-20.3- LOT: 249 8,235 02-04-2-20.3-249 LOT: 269 8,235 02-04-2-20.3-269 LOT: 289 4100 02-04-2-20.3-289 LOT: 309 8,100 02-04-2-20.3-308 S V / /// 358 \ \ LOT: 250 8,235 02-04-2-20.3-250 LOT: 270 8,235 02-04-2-20.3-270 LOT: 290 %100 02-04-2-20.3-290 LOT: 310 8,143 02-04-2-20-%-,MO / / 357 \ \ LOT: 251 8,235 02-04-2-20.3-251 LOT: 271 8,235 02-04-2-2L3--271 LOT: 291 4100 02-04-2-20.3-291 LOT: 311 10,195 02-04-2-20.3-31, 362 LOT: 252 0,921 02-04-2-20.3-252 LOT: 27z 8,235 02-04-2-20 3-27z LOT: 29z 10,195 02-04-2-20 3-29z LOT: 312 8,100 02-04-2-20 3-31z MP v 356 \ 3.55 \\ \ '1 354 363 / 333 // \ LOT NO. AREA(SQ.F7) ASSESSMENT NO. LOT NO. AREA(SQ.F0 ASSESSMENT NO. LOT NO. AREA(SQ.F0 ASSESSMENT NO. LOT NO. AREA(M-M ASSESSMENT NO. / / / 353 334 /// \ LOT: 313 8,100 02-04-2-20.3-313 LOT: 333 6,760 02-04-2-20.3-333 LOT: 353 6,375 02-04-2-20.3-353 LOT: 373 8,175 02-04-2-20.3-373 / 352 / / / \ LOT: 314 8,100 02-04-2-20.3-314 LOT: 334 6,375 02-04-2-20.3-334 LOT: 354 6,375 02-04-2-20.3-354 LOT: 374 61250 02-04-2-20.3- 1-1374 // 351 335 1-1 / LOT: 315 8,100 02-04-2-20.3-315 LOT: 335 6,375 02-04-2-20.3-335 LOT: 355 6,375 02-04-2-20.3-355 LOT: 375 61250 02-04-2-20.3-375 ; 336 LOT: 316 6,254 02-04-2-203-316 LOT: 336 6,375 02-04-2-20.3-336 LOT: 356 6,375 02-04-2-20.3-356 LOT: 376 6,250 02-04-2-20.3-376 `\ 350 337 LOT: 317 6,250 02-04-2-20.3-317 LOT: 337 6,375 02-04-2-20.3-337 LOT: 357 6,375 02-04-2-20.3-357 LOT: 377 8,675 02-04-2-20.3-377 \ 349 338 / / 276 \ LOT: 318 6,250 02-04-2-20.3-318 LOT: 338 6.375 02-04-2-20.3-338 LOT: 358 6,375 02-04-2-20.3-358 LOT: 378 6,750 02-04-2-20.3-378 \ \ / / LOT: 319 6,250 02-04-2-20.3-319 LOT: 339 6,375 02-04-2-20.3-339 LOT: 359 6,760 02-04-2-20.3-359 LOT: 379 6,750 02-04-2-20.3-379 \ \ 339 //1-1 // LOT: 320 6050 02-04-2-20.3-320 LOT: 340 6,375 02-04-2-20.3-340 LOT: 360 8,675 02-04-2-20.3-360 LOT: 380 8,675 02-04-2-20.3-380 \ 340 // / // 332 \ LOT: 321 8,175 02-04-2-20.3-321 LOT: 341 6,375 02-04-2-20.3-341 LOT: 361 6,750 02-04-2-20.3-361 LOT: 381 6,250 02-04-2-20.3-381 Q 341 / LOT: 322 8,175 02-04-2-20.3-322 LOT: 342 6,375 02-04-2-20.3-342 LOT: 362 8,750 02-04-2-20.3-362 LOT: 382 6,250 02-04-2-20.3-382 // 33 l 275 \ \ LOT: 323 61250 02-04-2-20.3-323 LOT: 343 8,175 02-04-2-20.3-343 LOT: 363 8,875 02-04-2-20.3-363 LOT: 383 6,250 02-04-2-20.3-383 \ \\ 342 / / // / 330 LOT: 324 6,250 02-04-2-20.3-324 LOT: 30 0,175 02-04-2-20.3-344 LOT: 304 6,359 02-04-2-20.3-364 LOT: 3841 8,175 1 02-04-2-20.3-384 \ \ \ 343 // / / / 329 LOT: 325 6,250 02-04-2-20.3-325 LOT: 345 6,250 02-04-2-20.3-345 LOT: 385 6,250 02-04-2-20.3-365 \ \ \ \ / // 328 LOT: 326 SAM 02-04-2-20.3-326 LOT: 346 6,250 02-04-2-20.3-348 LOT: 366 6,250 02-04-2-20.3-366 \ \ \ / / \ / 274 / LOT: 327 6,250 02-04-2-20.3-327 LOT: 347 6,250 02-04-2-20.3-347 LOT: 307 6,250 02-04-2-20.3-367 344 \\ \ / / / 327 LOT: 328 6,250 02-04-2-20--328 LOT: 348 6,250 02-04-2-20.3-348 LOT: 368 6,250 02-04-2-20.3-368 / /345 326 273 LOT: 329 61250 02-04-2-20.3-329 LOT: 349 8,175 02-04-2-20.3-349 LOT: 369 6,250 02-04-2-20.3-369 / 325 272 LOT: 330 8,250 02-04-2-20.3-330 LOT: 350 6,375 02-04-2-20.3-350 LOT: 370 6,250 02-04-2-20.3-370 346 324 / LOT: 331 6050 02-04-2-20.3-331 LOT: 351 6,375 02-04-2-20.3-351 LOT: 371 6,250 02-04-2-20.3-371 347 // / 271 c // loll / V A LOT: 332 6,635 02-04-2-20.3-332 LOT: 352 6,375 02-04-2-20.3- loll LOT: 372 8,175 02-04-2-20.3-372 348 // / \ ` 323 270 "1 / // 322 / \ Z, 9 // / / 255 \ \ 321 \ \ V \ 268 // // / ' \ 320 A 267 // / / / 256 \ MATCH LINE SEE SHEET 06 319 \ \\ 266 �// 257 254 / 318 \ \ � \ 265 /// / / //317 258 \ VA 316 380 259 \ 311 \\ ��// / 260 253 a I I 384 383 382 381 I I 312 j// 261 252 / / 379 I I 313 // / // 262 251Lij ti 314 263 250 I I I I I 378 I I 315 1-1 "1 //1-1 \ \\ 264 249 / \ \ // 248 "I loll 373 374 375 376 I I // // / / / / \\ \ \\ \ // / % / I W I I I I I I / / /� // 305 \ \ \ 247 / // 234 377 / 306 A 246 /// / // 235 N 0 307 \ 245 // / // 236 Ln 0 308 \ \ \ \\ 244 /// '/ /// 237 I Q i I ------ -- -- -- -- ----- Ll ' 309 \\ \ \ \\ //, / / �/ 238 310 304 \\ ��// /// 239 o /// 372 371 370 369 368 367 366 365 303 240 364 E a� 302 241 I � � 301 / / / / / � 242 300 243 / \ / L I I I I I I 299 // /// \ \ \\\ \ 80 40 0 80 160 _0 I I I I 292 293 294 295 296 297 298 /j / / // 277 \V A A\ / \ / SCALE: 1 "= 80 z I I I // / 278 o 279 \ Qe�es:CIoAna/F� ®�s 280 22861 TIMOTHY D. I ------ ------ ------ ------ ---� 281 CRALL .111Tm ned Q. R/2oNA V S Q \ 282 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 291 290 289 288 287 286 285 284 283 C� 1 Tel: 602.244.2566 Fax: 602.244.8947 www.entellus.com a I I SUPERSTITION VISTAS N COMMUNITY FACILITIES z LEGEND: DISTRICT NO. 2 MATCH LINE --- --- ROW LINE APACHE JUNCTION, ARIZONA N --------------- LOT LINE o PARCEL NO. 20.3 (LOTS 233-384) EASEME- - CENTER LINE INENE ASSESSMENT AREA NO. 4 0 LOT NUMBER SHEET TOTAL 100 ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- DRAWN BY: VS DESIGN BY: JB CHECK BY: TC NO: SHEETS w 02-04-2-20.3-100 DEVELOPMENT UNIT # -PARCEL # -LOT # DATE: 04/24/2026 ENT PROD #: 745.029E 05 06 b- 520 Cn 519 fi �1 I 488 489 490 491 492 493 494 495 496 497 498 499 500 501 502 503 504 505 I ► I - -- -- -- ------ -- _ 506 - -- -- -- ------ - 518 It 507 \ I -- -- -- -- -- -- -- -- -- - -- -- -- -- -- ----_� \ `� 517 \ `� 487 486 485 484 483 482 481 480 479 478 477 476 475 474 473 472 \\ 508 I I I I I 471 �� s 16 \ 509 \ \ \ 515 IT I I 448 449 4.50 451 4.52 453 454 455 456 457 458 459 460 461 462 V A lam- -- -- -- -- -- -- -- -- -- -- 470 `\ \ 510 - - - 463 \ 514 � - - - - - - \ 469 511 I I �- -- 7444 7442 464 \ \ 513 tII447 446 445 443 441 440 439 438 437 436 435 434 \ �� 468 ` 512 LLI I I i t I I I 433 `� \ 465 I I I 467 I I � � T I II 419 420 421 422 423 424 425 426 427 428 429 432 `\ 466 LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT TABLE LOT NO. AREA(SOO ASSESSMENT NO. LOT NO. AREA(SQ M A ENT NO. LOT NO. AREA(SQ.M ASSESSMENT Na LOT NO. AREA(SQ0 ASSESSMENT NO. LOT NO. AREA(SQ F7 ASSESSMENT NO. I T O I I - - - - - ` 430 LOT: 385 %175 02-04-2-20.3-385 LOT: 405 7=3 02-04-2-20.3-405 LOT: 425 4.000 02-04-2-20.3-425 LOT: 445 4.000 02-04-2-20.'�445 LOT: 485 4,000 02-04-2-20.3-485 LOT: 386 61250 02-04-2-20.3-3W LOT: 4W 7,203 02-04-2-20.3-4W LOT: 426 4.000 02-04-2-20.3-426 LOT: 448 000 02-04-2-20.3-448 LOT: 488 5,160 02-04-2-20.3-488 -- -----------I ` / `� LOT: 307 6,250 02-04-2-20.3-387 LOT: 407 7,203 02-04-2-20.3-407 LOT: 427 4r000 02-04-2-20.3-427 LOT: 447 5.160 02-04-2-20.3-447 LOT: 467 5,160 02-04-2-20.3-467`` LOT: 388 6,250 02-04-2-20.3-388 LOT: 408 7,203 02-04-2-20.3-408 LOT: 428 V30 02-04-2-20.3-428 LOT: 448 51160 02-04-2-20.3-448 LOT: 468 two 02-04-2-20.3-488 00-00 418 417 416 41.5 414 413 412 431 LOT: 389 SAW 02-04-2-20.3-389 LOT: 4W 7,203 02-04-2-20.3-4W LOT: 429 7,316 02-04-2-20.3-429 LOT: 449 000 02-04-2-20.3-449 LOT: 469 4,034 02-04-2-20.3-469 \ / LOT: 390 6,250 02-04-2-20.3-390 LOT: 410 7,202 02-04-2-20.3-410 LOT: 4W MR 02-04-2-20.3-430 LOT: 4W 4y000 02-04-2-20.3-4W LOT: 470 4A40 02-04-2-20.3-470 LOT: 391 8,807 02-04-2-20.3-391 LOT: 411 7,051 02-04-2-20.3-411 LOT: 431 6,231 02-04-2-20.3-431 LOT: 451 000 02-04-2-20.3-451 LOT: 471 91013 02-04-2-20.3-471 LOT: 392 7,524 02-04-2-20.3-392 LOT: 412 4AW 02-04-2-20.3-412 LOT: 432 050 02-04-2-20-1-432 LOT: 452 000 02-04-2-20.'-4M LOT: 472 7,M 02-04-2-20.3-472 LOT: 393 4175 02-04-2-20.3-393 LOT: 413 4,608 02-04-2-20.3-413 LOT: 433 61782 02-04-2-20.3-433 LOT: 03 4000 02-04-2-20.3--4W LOT: 473 4,000 02-04-2-20.3-473 //J LOT: 394 6,250 02-04-2-20.3-394 LOT: 414 020 02-04-2-20.3-414 LOT: 434 5,332 02-04-2-20.3-434 LOT: 454 000 02-04-2-20.3-454 LOT: 474 400 02-04-2-20.3-474 LOT: 395 6,250 02-04-2-20.3-395 LOT: 415 033 02-04-2-20.3-415 LOT: 435 000 02-04-2-20.3-435 LOT: 455 000 02-04-2-20.3-455 LOT: 475 4,000 02-04-2-20.3-475 LOT: 396 6,250 02-04-2-20.3-396 LOT: 416 4,645 02-04-2-20.3-416 LOT: 436 4,000 02-04-2-20.3-436 LOT: 456 4y000 02-04-2-20.3-456 LOT: 476 000 02-04-2-20.3-476 405 406 407 408 409 410 411 /// / LOT: 397 6,988 02-04-2-20.3-397 LOT: 417 057 02-04-2-20.3-417 LOT: 437 000 02-04-2-20.3-437 LOT: 457 000 02-04-2-20.3--457 LOT: 477 000 02-04-2-20.3-477 / LOT: 398 7,566 02-04-2-20.3-398 LOT: 418 070 02-04-2-20.3-418 LOT: 438 000 02-04-2-20-1-438 LOT: 458 000 02-04-2-20.'-458 LOT: 478 000 02-04-2-20.3-478 LOT: 399 7.M 02-04-2-20.3-399 LOT: 419 5,160 02-04-2-20.3-419 LOT: 439 4000 02-04-2-20.3439 LOT: 4W 4000 02-04-2-2M34W LOT: 479 tow 02-04-2-20.3-479 cv I / 393 \ \ LOT: 400 6,2W 02-04-2-20.3-400 LOT: 420 4,000 02-04-2-2Q3-420 LOT: 440 000 02-04-2-20.3-440 LOT: 460 000 02-04-2-20.3-480 LOT: 480 400 02-04-2-20.3-480 394 ` LOT: 401 6,250 02-04-2-20.3-401 LOT: 421 000 02-04-2-20.3-421 LOT: 441 000 02-04-2-20.3-441 LOT: 461 51116 02-04-2-20.3-461 LOT: 481 two 02-04-2-20.3-481 LOT: 402 6,250 02-04-2-20.3-402 LOT: 422 4,000 02-04-2-20.3-422 LOT: 442 4,000 02-04-2-20.3-442 LOT: 462 5,960 02-04-2-20.3-482 LOT: 482 000 02-04-2-20.3-482 395 Q J I I - - - - LOT: 403 6,250 02-04-2-20 3-403 LOT: 423 000 02-04-2-20 3-423 LOT: M3 4,000 02-04-2-20 3-M3 LOT: 463 5,985 02-04-2-20 3-463 LOT: 483 000 02-04-2-20 3-483 396 LOT: 404 8,175 02-04-2-20 3-404 LOT: 424 4,000 02-04-2-20 3-424 LOT: 444 00002-04-2-20 3-444 LOT: 464 6,356 02-04-2-20 3-464 LOT: 484 1 4AW 02-04-2-20 3-484 o I I I 397 3 TI II a I I I I I 404 403 402 401 400 399 398 LOT TABLE LOT TABLE c I I I I LOT NO. AREA(SQO ASSESSMENT Na LOT NO. AREA(SU-0 ASSESSMENT NO. I I I I I I LOT: 485 000 02-04-2-20.3-485 LOT: 505 5,468 02-04-2-20.3-505 LOT: 486 000 02-04-2-20.3-486 LOT: 5W 4033 02-04-2-20.3-5W I I I I I Uff: 487 %160 02-04-2-20.3-487 LOT: 507 %045 02-04-2-20.3-507 LOT: 488 00 02-04-2-20.3-488 LOT: 508 4,554 02-04-2-20 3-508 000 N I I I I LOT: 489 4y000 02-04-2-20.3-489 LOT: 509 4,000 02-04-2-20.3-509 O I 1 I I I I I 392 LOT: 400 000 02-04-2-20.3-490 LOT: 510 000 02-04-2-20.3-510 385 386 387 388 389 390 391 LOT: 491 000 02-04-2-20.3-41 LOT: 511 000 02-W-2-20.3-511 I LOT: 492 4X0 02-04-2-20.3-492 LOT: 512 5,180 02-04-2-20.3-512 LOT: 493 000 02-04-2-20-'-493 LOT: 513 5,160 02-04-2-20.3-513 LOT: 494 000 02-04-2-20.3-494 LOT: 514 4,000 02-04-2-20.3-514 LOT: 495 4y000 02-04-2-20.3-495 LOT: 515 000 02-04-2-20.3-515 LOT: 496 4,000 02-04-2-20.3-496 LOT: 516 4AW 02-04-2-20.3-516 ca MATCH LINE SEE SHEET 05 U) LOT: 497 000 02-04-2-20.3-497 LOT: 517 4,000 02-04-2-20.3-517 ca LOT: 498 4,000 02-04-2-20.3-498 LOT: 518 81648 02-04-2-20.3-518 LOT: 499 400 02-04-2-20.3-499 LOT: 519 %433 02-04-2-20.3-519 a a) LOT: 500 000 02-04-2-20.3-500 LOT: 520 %433 02-04-2-20.3-520 c 9) LOT: 501 4000 02-04-2-20.3-501 14-1 LOT: 502 000 02-04-2-20.3-502 O LOT: 503 000 02-04-2-20.3-503 a LOT: 504 4vW 02-04-2-20.3-504 U Z O v �o�os:lo n a/fe O Q RS\F 1C A TF 10 Q/ 22861 j TIMOTHY D. CRALL � rm o z° °jt► ,,,I� Q q�7DNA USP 3033 N. 44th Street, Suite 250, Phoenix, AZ 85018 Tel: 602.244.2566 / Fax: 602.244.8947 www.entellus.com to a Q SUPERSTITION VISTAS N COMMUNITY FACILITIES 0 z LEGEND: DISTRICT NO. 2 0 U MATCH LINE APACHE JUNCTION, ARIZONA ROW LINE Ld o LOT LINE PARCEL NO. 20.3 (LOTS 385-520) --------------- EASEMENT LINE o - - CENTER LINE ASSESSMENT AREA NO. 4 i DRAWN BY: VS DESIGN BY: JB CHECK BY: TC 40 160 >00 LOT NUMBER SHEET 02-04-2-20.3-100TENT ASSESSMENT NO.= CFD # -ASSESSMENT AREA #- NO S TOTAL w DEVELOPMENT UNIT # -PARCEL # -LOT # SCALE: 1 = 80 DATE: 04/24/2026 PROJ #: 745.029E 06 06 RESOLUTION NO. SVCFD2 2026-007 RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 APPROVING THE LEVYING OF AN ASSESSMENT AND ASSESSMENT DIAGRAM FOR ASSESSMENT AREA NO. 4 WITHIN THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 . WHEREAS, on May 19, 2026, the Board of Directors (this "Board") of the Superstition Vistas Community Facilities District No. 2 (the "District") passed and adopted Resolution No. SVCFD2 2026-006 (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. 4 (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. 4 and any other persons having an interest in the real property within the boundaries of Assessment Area No. 4, 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. 4; and WHEREAS, an assessment not to exceed $5, 000 shall be levied against all residential lots shown on the assessment diagram within Assessment Area No. 4 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. SVCFD2 2026-007 PAGE 1 OF 6 NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2 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, 948, 000 . 00 TOTAL PROJECT COSTS $1, 948, 000 . 00 Incidental Expenses $ 434, 715 . 00 Debt Service Reserve 217, 285 . 00 GRAND TOTAL $2, 600, 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. 4 benefitting from the Project and the levy by the Superintendent of Streets of an assessment against the real property in the Assessment Area No. 4 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. 4 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. SVCFD2 2026-007 PAGE 2 OF 6 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. 4 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 . 4 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. SVCFD2 2026-007 PAGE 3 OF 6 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. SVCFD2 2026-007 PAGE 4 OF 6 PASSED AND ADOPTED BY THE BOARD OF DIRECTORS OF THE SUPERSTITION VISTAS COMMUNITY FACILITIES DISTRICT NO. 2, THIS 19TH DAY OF MAY, 2026 . SIGNED AND ATTESTED TO THIS DAY OF , MAY. WALTER "CHIP" WILSON Chairman, Board of Directors ATTEST : EVIE MCKINNEY District Clerk APPROVED AS TO FORM: RICHARD JOEL STERN District Counsel RESOLUTION NO. SVCFD2 2026-007 PAGE 5 OF 6 CERTIFICATE I hereby certify that the above and foregoing resolution was duly passed by the Board of Directors of the Superstition Vistas Community Facilities District No. 2 at a regular meeting held on May 19, 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. SVCFD2 2026-007 PAGE 6 OF 6 City of Apache Junction, Arizona City Council Chambers 300 E Superstition Blvd Apache Junction.AZ 85119 Special Meeting Agenda - Draft apachelunctionaz.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, May 19,2026 6:00 PM City Council Chambers A. Call to Order B. Roll Call C. Agenda Items 1. 26-244 Consideration of approval of the minutes of the Special Meeting of April 21, 2026. Attachments: SVCFD2MIN 2026 04 21 MINUIESDRAFI 2. 26-248 Presentation, discussion, and consideration of Resolution No SVCFD2 2026-010, approving the proposed District budget for FY 2026/27 and ordering a hearing on and calling for public testimony on the District i budget. Attachments: Resolution No. SVCFD2 2026-010 D. Public Hearing 3. 26-249 Conduct a public hearing regarding the proposed District budget for FY 2026/27. 4. 26-250 Presentation, discussion and consideration of Resolution No. SVCFD2 2026-011, adopting the District budget for FY 2026/27 and ordering a tax levy. Z Attachments: Resolution No SVCFD2 2026-011 5. 26-251 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. 2 Assessment Area No. 4 Special Assessment Bonds. City of Apache Junction,Arizona Page 1 Printed on 511412026 Superstition Vistas Community Special Meeting Agenda-Draft May 19,2026 Facilities District No.2 6. 26-253 Presentation, discussion and consideration of Resolution No. SVCFD2 2026-006, a resolution of the district board of Superstition Vistas Community Facilities District No. 2 relating to approval of the feasibility report for the acquisition and financing of certain improvements benefiting the district; approving the prior giving of notice of hearing relating to the feasibility report; declaring the district board's intention to acquire the improvements described in the feasibility report; forming an assessment district; determining that special assessment bonds may be issued to finance the costs and expenses of the improvements; declaring the improvements to be of more than local or ordinary public benefit and that the costs of the improvements will be assessed upon Assessment Area No. 4; and ordering the public infrastructure projects performed. Attachments: SVCFD 2 Feasibility Report Resolution SVCFD2 No 2026-006 7. 26-254 Presentation, discussion and consideration of Resolution No. SVCFD2 2026-007, a resolution of the district board of Superstition Vistas Community Facilities District No 2 approving the levying of an assessment and assessment diagram for Assessment Area No 4 within the district Attachments: SVCFD2 Final Assessment Diaaram Plan Resolution No. SVCFD2 2026-007 E. District Manager Report F. District Director Report G. District Treasurer Report H. Adjournment City or Apache Junction,Arizona Page 2 Printed on 5/14/2026 A•M?oA- CITY OF APACHE JUNCTION SUPERSTITION VISTAS q COMMUNITY FACILITIES DISTRICT NO. 2 Tuesday, May 19, 2026 A. CALL TO ORDER I would like to call the Superstition Vistas Community Facilities District No. 2 Special Meeting of May 19, 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 April 21, 2026. Do 1 have a motion? wait for the motion and the 2nd. Roll Call 2. Presentation, discussion and consideration of Resolution No. SVCFD2 2026-010. Call on Zach Any discussion among the board? Board can discuss. a �7 Do I have a motion? Wait for the motion and second. ^� fit`-1 Roll Call D. PUBLIC HEARING 3. PUBLIC HEARING regarding the proposed district budget for FY 26/27. 1 will now open the public hearing. Call on Zach public can speak for 5 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. 4. Presentation, discussion and consideration of Resolution No. SVCFD2 2026-011. Call on Zach Any discussion among the board? Board can discuss. Do I have a motion? Wait for the motion and second. Roll Call 5. PUBLIC HEARING on the feasibility report for Superstition Vistas Community Facilities District No. 2, Assessment Area No. 4. Call on Zach I will now open the public hearing. public can speak for 5 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. 6. Presentation, discussion and consideration of Resolution No. SVCFD2 2026-006. Call on Zach Any discussion among the board? Board can discuss. Do I have a motion? Wait for the motion and second. Roll Call 7. Presentation, discussion and consideration of Resolution No. SVCFD2 2026-007. Call on Zach Any discussion among the board? Board can discuss. Do I have a motion? Wait for the motion and second. Roll Call E. DISTRICT MANAGER REPORT—(none) F. DISTRICT DIRECTOR REPORT- (none) G. DISTRICT TREASURER REPORT— (none) H. ADJOURNMENT Meeting Adjourned. SUPERSTITION VISTAS CFD NO 2. ROLL CALL DATE: TIME: (J -D-I rn YES EXCUSED NO CHAIRPERSON WILSON \� VICE CHAIRPERSON SCHROEDER BOARDMEMBER CROSS BOARDMEMBER HECK f 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 -- mcL S:\Temp ates&Forms\City Council\Roll Call SVCFD NO 1 and 2 Attendance.doc SUPERSTION VISTAS CFD NO 2. VOTE - ROLL CALL ITEM # 2U MEETING OF Yy�AL 4 let , 2,02IO MOTION BY: [7A)MC)o SECONDED BY: 0��S5�✓ NOTES: —e& . wo)• S V C H�oz 2(0 — 00:7 a�s�s,�u�-1- d�a gr�.n o f ar,��.�r•�- a�c4 y YES NO ABSTAINED BOARD MEMBERS: BOARDMEMBER HECK BOARDMEMBER CROSS ✓ VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER BOARDMEMBER JOHNSON ✓ BOARDMEMBER SOLLER CHAIRPERSON WILSON TOTAL i UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 4 s:\templates&forms\city council\vote call-svcfd no 2.docx SUPERSTION VISTAS CFD NO 2. VOTE - ROLL CALL ITEM # ZX`�LIy MEETING OF CriA,�{ 1°l� ZOZ{p MOTION BY: Sv SECONDED BY: NOTES: Oi ft VAl V r ,g2ec441 wife[1 nit rr1 jnakr y't f pil i ZI• [.v .110 YES I NO ABSTAINED BOARD MEMBERS: BOARDMEMBER HECK V/0,/ BOARDMEMBER CROSS V VICE CHAIRPERSON r SCHROEDER BOARDMEMBER NESSER _ BOARDMEMBER JOHNSON BOARDMEMBER SOLLER CHAIRPERSON WILSON V TOTAL W UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 4 s:\templates&forms\city council\vote call -svcfd no 2.docx SUPERSTION VISTAS CFD NO 2. VOTE - ROLL CALL ITEM # � Z�{� MEETING OF 1'l�eW 1�f�Z-LO MOTION BY: J01P,-ScXl SECONDED BY: NOTES: 0-es. 0 , 3V !D 1 2-02Y 61� Ol T 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 )C Vote sheet S s:\templates&forms\city council\vote call -svcfd no 2.docx SUPERSTION VISTAS CFD NO 2. VOTE - ROLL CALL ITEM # IV- 1,5D MEETING OF MeM 19, Z-02U MOTION BY: SD11gr SECONDED BY: NOTES: +Zg • N0 • 3yCf r-)2 YES NO ABSTAINED I BOARD MEMBERS: VICE CHAIRPERSON SCHROEDER BOARDMEMBER NESSER . BOARDMEMBER HECK BOARDMEMBER SOLLER BOARDMEMBER JOHNSON BOARDMEMBER CROSS CHAIRPERSON WILSON �✓� TOTAL UNANIMOUS IN FAVOR OPPOSED ABSTAINED TOTAL Vote sheet 6 s:\templates&forms\city council\vote call svcfd no 2.docx SUPERSTION VISTAS CFD NO 2. VOTE - ROLL CALL ITEM # Zto'Zs MEETING OF YY14L-t I 1,,2�Z.t0 MOTION BY: SECONDED BY: ,SO\� NOTES:_P.e . No • S V CFDZ ZDL40` 00tD c�>QQw>�.I -� �u i bM'I�� ►-tao�-f 1-�s1et�o�t�►rR S/_ YES 1 NO ABSTAINED BOARD MEMBERS: BOARDMEMBER CROSS BOARDMEMBER NESSER f BOARDMEMBER SOLLER ✓ BOARDMEMBER JOHNSON ✓ VICE CHAIRPERSON / SCHROEDER V BOARDMEMBER HECK ✓ CHAIRPERSON WILSON TOTAL UNANIMOylf IN FAVOR OPPOSED =ABSTAINED TOTAL Vote sheet 3 s:\templates&forms\city council\vote call-svcfd no 2.docx