Joint Community Facilities Districts

JOINT MEETING OF THE COMMUNITY FACILITIES DISTRICTS CITY OF BUCKEYE, ARIZONA PURSUANT TO SECTIONS 48-711, 48-715 AND TITLE 38, CHAPTER 3, ARTICLE 3.1 ARIZONA REVISED STATUTES, AS AMENDED ANTHEM SUN VALLEY COMMUNITY FACILITIES DISTRICT ELIANTO COMMUNITY FACILITIES DISTRICT FESTIVAL RANCH COMMUNITY FACILITIES DISTRICT MIRIELLE COMMUNITY FACILITIES DISTRICT SUNDANCE COMMUNITY FACILITIES DISTRICT TARTESSO WEST COMMUNITY FACILITIES DISTRICT FLOREO AT TERAVALIS COMMUNITY FACILITIES DISTRICT VERRADO DISTRICT 1 COMMUNITY FACILITIES DISTRICT VERRADO WESTERN OVERLAY COMMUNITY FACILITIES DISTRICT WATSON ROAD COMMUNITY FACILITIES DISTRICT WESTPARK COMMUNITY FACILITIES DISTRICT CITY OF BUCKEYE JOINT COMMUNITY FACILITIES DISTRICTS JULY 1, 2025 MINUTES City Council Chambers 530 East Monroe Avenue Buckeye, AZ 85326 5:15 p.m. Pursuant to A.R.S. § 38-431.03(A)(3) the Board of Directors of the Joint Community Facilities Districts may, by majority vote, recess or adjourn to executive session at one or more times during the meeting, as needed to confer with the Board Attorney for legal advice regarding any item listed on this agenda. 1. Call to Order/Roll Call Chairman Orsborn called the meeting to order at 5:15 p.m. Members Present: Board Member Youngker (via Microsoft Teams), Board Member Berry, Board Member Goodman, Board Member Beard, Vice Chair Heustis, and Chairman Orsborn. Members Absent: Board Member HagEstad. Departments Present: Interim District Manager Dave Roderique, Deputy District Manager Javier Setovich, Deputy District Manager Doug Sandstrom, District Attorney Scott McCoy, City Clerk Lucinda Aja, District Attorney Andrew McGuire, Police Chief Robert Sanders, and Chief Financial Officer William Kauppi. 2. Community Facilities Districts Action Items July 1, 2025 Joint Community Facilities Districts Minutes 2.A Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the District") to conduct a public hearing only on the assessment, the completion of the work and the proceedings hereto had and taken with respect to the District Special Assessment District No. 2. Staff Liaison: Larry Price, Special Districts Manager Mr. Price presented information regarding the District Special Assessment District No. 2. This financing allows the developer, Garrett Development Corp., to be reimbursed for a portion of the cost of the public infrastructure while causing the eventual homeowner to be responsible for their respective share of the cost in the form of a special assessment in the amount of $3,500. Homeowners may pay the assessment in full on any date or may pay over a period in the form of debt service on the Special Assessment District No. 2 Special Assessment Revenue Bonds, Series 2025. Chairman Orsborn opened a public hearing at 5:18 p.m. to hear citizen input regarding the assessment, the completion of the work and the proceedings hereto had and taken with respect to the District Special Assessment District No. 2. There being no public comment, Chairman Orsborn closed the public hearing at 5:19 p.m. 2.B Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona) ("the District") to conduct a public hearing only on the assessment, the completion of the work and the proceedings heretofore had and taken with respect to the District Special Assessment District No. 1. Staff Liaison: Larry Price, Special Districts Manager Mr. Price presented information regarding the District Special Assessment District No. 1. This financing allows the developer, Trillium Land Company, LLC (an affiliate of Howard Hughes Holdings Inc.), to be reimbursed for a portion of the cost of the public infrastructure, while causing the eventual homeowner to be responsible for their respective share of the cost in the form of a special assessment in the amount of $10,000. Homeowners may pay the assessment in full on any date or may pay over a period of time in the form of debt service on the Assessment District No. 1 Special Assessment Revenue Bonds, Series 2025. Chairman Orsborn opened a public hearing at 5:19 p.m. to hear citizen input regarding the assessment, the completion of the work and the proceedings hereto had and taken with respect to the District Special Assessment District No. 1. There being no public comment, Chairman Orsborn closed the public hearing at 5:20 p.m. 3. CONSENT AGENDA ITEMS / NEW BUSINESS Approval of items on the Consent Agenda - All items with an (*) on the consent agenda are considered to be routine matters and will be enacted by one motion and vote of the Board of Directors. A motion was made by Vice Chair Heustis and seconded by Board Member Youngker to approve Items *3.A, *3.B, *3.C, *3.D, and *3.E. Motion passed unanimously. *3.A Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona) (the "District") to take action on Resolution No. 13-25 declaring and adopting the results of the General Obligation Bond Special Election held on June 25, 2025. Staff Liaison: Lucinda Aja, City Clerk The Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona) (the "District") adopted Resolution No. 13-25 declaring and adopting the results of the General Obligation Bond Special Election held on June 25, 2025. *3.B Board of Directors of the Floreo at Teravalis Community Facilities District ("the District") to take action on Resolution No. 14-25 approving the assessment and the July 1, 2025 Joint Community Facilities Districts Minutes  proceedings heretofore had and taken for the Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona); determining the work has been completed in accordance with the plans and specifications, and ordering the collection of the amount assessed. Staff Liaison: Larry Price, Special Districts Manager The Board of Directors of the Floreo at Teravalis Community Facilities District ("the District") adopted Resolution No. 14-25 approving the assessment and the proceedings heretofore had and taken for the Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona); determining the work has been completed in accordance with the plans and specifications, and ordering the collection of the amount assessed. *3.C Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona) ("the District") to take action on Resolution No. 15-25 authorizing the issuance of its Special Assessment District No. 1 Special Assessment Revenue Bonds, Series 2025, in the aggregate principal amount of not to exceed $10,970,000; approving the form and authorizing the execution and delivery of a Bond Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing disclosure undertaking, and certain other documents securing the payment of or relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to the Bonds; approving a Final Official Statement relating to the Bonds; awarding the Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking other actions securing the payment of and relating to the Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance Tax Compliance Procedures in connection with the issuance of Bonds. Staff Liaison: Larry Price, Special Districts Manager The Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona) ("the District") adopted Resolution No. 15-25 authorizing the issuance of its Special Assessment District No. 1 Special Assessment Revenue Bonds, Series 2025, in the aggregate principal amount of not to exceed $10,970,000; approving the form and authorizing the execution and delivery of a Bond Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing disclosure undertaking, and certain other documents securing the payment of or relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to the Bonds; approving a Final Official Statement relating to the Bonds; awarding the Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking other actions securing the payment of and relating to the Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance Tax Compliance Procedures in connection with the issuance of Bonds. *3.D Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the District") to take action on Resolution No. 13-25 approving the assessment and the proceedings heretofore had and taken for the Westpark Community Facilities District (City of Buckeye, Arizona); determining the work has been completed in accordance with the plans and specifications; and ordering the collection of the amount assessed. Staff Liaison: Larry Price, Special Districts Manager The Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the District") adopted Resolution No. 13-25 approving the assessment and the proceedings heretofore had and taken for the Westpark Community Facilities District (City of Buckeye, Arizona); determining the July 1, 2025 Joint Community Facilities Districts Minutes work has been completed in accordance with the plans and specifications; and ordering the collection of the amount assessed. *3.E Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the District") to take action on Resolution No. 14-25 authorizing the issuance of its Special Assessment District No. 2 Special Assessment Revenue Bonds, Series 2025, in the aggregate principal amount of not to exceed $1,561,000; approving the form and authorizing the execution and delivery of a Bond Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing disclosure undertaking, and certain other documents securing the payment of or relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to the Bonds; approving a Final Official Statement relating to the Bonds; awarding the Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking other actions securing the payment of and relating to the Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance Tax Compliance Procedures in connection with the issuance of Bonds. Staff Liaison: Larry Price, Special Districts Manager The Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the District") adopted Resolution No. 14-25 authorizing the issuance of its Special Assessment District No. 2 Special Assessment Revenue Bonds, Series 2025, in the aggregate principal amount of not to exceed $1,561,000; approving the form and authorizing the execution and delivery of a Bond Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing disclosure undertaking, and certain other documents securing the payment of or relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to the Bonds; approving a Final Official Statement relating to the Bonds; awarding the Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking other actions securing the payment of and relating to the Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance Tax Compliance Procedures in connection with the issuance of Bonds. 4. Adjournment There being no further business to discuss, Chairman Orsborn adjourned the meeting at 5:23 p.m. _________________________________ Eric W. Orsborn, Chairman ATTEST: _________________________________ Lucinda J. Aja, District Clerk I hereby certify that the foregoing minutes are a true and correct copy of the Joint Community Facilities District Meeting held on July 1, 2025. I further certify that a quorum was present. ________________________________ Lucinda J. Aja, District Clerk July 1, 2025 Joint Community Facilities Districts Minutes