City Council - Regular Meeting

Vista community facility district number one special meeting of May 19th 2026 to order and ask everyone to put their cell phones in silence roll call Chairperson Wilson here vice chairperson Schroeder present board member cross here board member heck here board member Johnson here board member Nessar president board member solar here you have a quorum your honor

There you go All right agenda item consideration approval on minutes in the special meeting of April 21st 2026 Do I have a motion? Your honor yes, so moved Moved and seconded roll call

Board Member Johnson?

Yes.

Board Member Heck?

Yes.

Vice Chairperson Schroeder? Yes. Board Member Nesser? Yes. Board Member Cross?

Yes.

Board Member Soler? Yes. Chairperson Wilson?

Yes.

Motion passes.

Okay, public hearings. Presentation, discussion, and consideration of resolution number SVCFD1-2026-006. Zach?

Good evening, Chairman, Board. My name is Zach Sakas. I'm special counsel to the district. Tonight, the board will be considering the annual budget approval for CFD number one. With the board's permission, I'll go through agenda items two, three, and four at one time, if that's helpful to the board. Okay. So the approval process for the CFD budget is a two-step process. So the first question I usually get is, can we do all of this in one motion? Unfortunately, no. So we're going to first consider the tentative budget for the district. The district has four sources of revenue, O&M property taxes, which pay for operations and maintenance and administration of the district, general obligation bond debt service property taxes, special assessment installment payments, and then cash contributions from the developer. Those four sources combine the sources of revenues for the district. Obviously, the GO bonds property tax has to be used to pay general obligation bond debt service. The assessment installments likewise are used to pay assessment bond debt service. And the other two sources are used to pay the administrative expenses of the district. The expenses of the district are related to bond debt services I just mentioned and otherwise running the district. So the first step, item number two on your agenda board, is consideration of the proposed budget. To the extent there are no changes, you would then move to item three, which is conducting a public hearing on the budget as so proposed. Under the law, you do have to approve the tentative or proposed budget by July 15th each year. To the extent you want to make changes to the proposed budget, we can do that, but it would stop the meeting and we would not proceed to items three and four because we'd have to come back with the revisions. Staff has reviewed the budget, and I have as well. Happy to answer any questions. Item four on the agenda, after conducting the public hearing, you'd adopt the budget as the final budget for the CFD for the upcoming fiscal year. The budget does include, likewise, as I mentioned, the tax levy component, which is increased following the amendment to the CFD development agreement, increased to a target tax rate of $5 per $100 of net assessed limited property value, for the GEO debt service and then stays at the 30 cents per $100 for the operations and maintenance tax. So a combined levy of $5.30 in the district proposed for the upcoming fiscal year.

Any questions? Comments? Concerns? Don't have any. So can we go ahead and start with the motions for The public hearing number one, SVCFD1-2026-006. It's a public hearing first, right?

Oh, public hearing.

Well, that's three. That's two.

This is two. We have to do this first and then a public hearing. I'll make a motion.

Okay.

Okay. I move that resolution number SPCFD1-2026-006, a resolution of the District Board of the Superstition Vistas Community Facilities District Number 1, approving a proposed district budget for FY2026-2027 and ordering a hearing on such budget be approved.

Second.

Moved and seconded. Roll call.

Vice Chairperson Schroeder?

Yes.

Board Member Nusser? Yes. Board Member Heck?

Yes.

Board Member Soler?

Yes.

Board Member Johnson?

Yes.

Board Member Cross?

Yes.

And Chairperson Wilson?

Yes.

Motion passes.

Okay, now we're going to do the public hearing regarding the proposed district budget for fiscal year 26-27. And I will now open the public hearing. Anyone like to speak on this? I don't see any movement, so I guess everyone is satisfied with it. Any discussion among the board? Okay, I will now close the public hearing. There's no motion on this, and I'll go to the resolution number SVCFD1. 2026-007, and ask for a motion on that one.

Mr. Chair? Yes. I move that resolution number SVCFD1, 2026-007, a resolution of the District Board of Superstition Business Community Facilities District Number 1, adopting the district budget for FY2026-2027, and levying a tax be approved. Second. Moved and seconded. Roll call.

Board Member Soler?

Yes.

Vice Chairperson Schroeder?

Yes.

Board Member Noetjer? Yes. Board Member Cross?

Yes.

Board Member Heck?

Yes.

Board Member Johnson?

Yes.

Chairperson Wilson?

Yes.

Motion passes.

Thank you. We will adjourn that meeting.