Municipal Property Corporation - Regular Meeting

Now open up the Community Facility District Number 2. And I again ask everyone to put their cell phones on silent. Roll call.

Chairperson Wilson?

Yes.

Vice Chairperson Schroeder?

Here.

Board Member Cross?

Here.

Board Member Heck?

Here.

Board Member Johnson?

Yes. Here.

Board Member Nesser?

Present.

Board Member Solar?

Here.

You have a quorum, your honor.

Okay. Excuse me. Consideration and approval of minutes for a special meeting of 04/21/2026. Do I have a

motion? Mr. Chairman.

Yes.

I move that the minutes of the special meeting of 04/21/2026 be approved.

Second.

Moved and seconded. Roll call.

Board Member Heck.

Yes.

Board member Cross?

Yes.

Vice chairperson Schroeder?

Yes.

Board member Nesser? Yes. Board member Johnson?

Yes.

Board member Solar?

Yes.

Chairperson Wilson?

Yes.

Motion passes.

Thank you. Presentation, discussion and consideration of resolution number SVCFD2, 2020. Zach, you want to combine the three and four as well. Right?

Yes, please. Thank you, Chairman, Board. Zach Saikas, special counsel to the district. Items two, three, and four on your agendas tonight are approving the fiscal year 'twenty six-'twenty seven budget for CFD number two. The CFD has four sources of revenue, property taxes for operations, maintenance, and administration, property taxes for general obligation bond debt service, assessment installment payments for assessment bond debt service payments, and then developer cash contributions.

Those are the four sources of revenue included in the budget for the upcoming year. The expenditures that are planned are general obligation bond debt service, assessment bond debt service, and then administration expenses related to the district. The final resolution approving the final budget, item number four, does include the updated target tax rate of $5 for general obligation bond debt service and then the 30¢, which is the same as prior year's operation and maintenance tax. So a combined tax levy of $5.30. Should have mentioned in the CFD number one meeting, so sorry to cross pollinate.

In both of these districts, you may see significant jumps from prior years, and that's because the finished homes are going on the property tax rolls. There's there's always a delay when they finish a home of approximately eighteen to twenty four months before the full value shows up on the assessed valuations and the tax rolls of the county. And so you've as development, it's starting to snowball a little bit. So you may see a larger jump from prior years in the district as as growth has proceeded out there. Happy to answer any questions. Again, these do have to be handled sequentially, please, to comply with the statute.

I have a question more for our city manager. These budgets that we see on our papers, on our information, how would the public see those?

We we have, council member mayor, a budget page for the CFDs, and each year we work with Zach to get them updated. And so we can share those with the council so you can see where they're at on our website, but I just pulled it up and we do have those on the website.

I just wanted to ask that question so the people in this room, the people that review this know where to look.

Thank you. Yep. Yep. There's a website within our city website specifically for the community facility districts Number 1 And 2.

Thank you.

Anyone else? Alright. Can I get have a motion for the whoops, the SVCFD 22026Dash010?

Mister chair?

Yes.

I move that resolution number c SVCFD two twenty twenty six dash zero one zero, a resolution of the district board of Superstition Vista's community Facilities District number two, approving a proposed district budget for fiscal year twenty twenty six, twenty twenty seven, and ordering a hearing on such budget as as approved.

Second. Moved and seconded. Roll call.

Board member Johnson?

Yes.

Board member Heck?

Yes.

Board member Cross?

Yes.

Vice chairperson Schroeder?

Yes.

Board member Nesser?

Yes.

Board Member Solar?

Yes.

Chairperson Wilson?

Yes.

Motion passes.

Thank you. Public hearing. Does anyone like to speak on this public hearing for budget for FY twenty six-twenty seven? Don't And see any movement heading this way. So I will now close the public hearing.

And now for presentation for the SVCFD2 twenty twenty six-eleven. Can I have a motion?

Mr. Chairman. I move that resolution number SBCFD two-twenty twenty six-eleven, a resolution of the District Board of Superstition Business Community Facility District number two, adopting the district budget for FY twenty twenty six dash twenty twenty seven and levying attacks be approved. Second.

Moved and seconded. Roll call.

Vice Chairperson Schroeder?

Yes.

Board Member Nesser?

Yes.

Board Member Heck?

Yes.

Board Member Solar?

Yes.

Board Member Johnson?

Yes.

Board Member Cross?

Yes.

And Chairperson Wilson?

Yes.

Motion passes.

Thank you. Our public hearing on the feasibility report for Superstition Vistas Community Facility District Number 2, Assessment Area Number 4. Zach?

Chairman, board, good evening again. The items five, six, and seven on your agendas tonight, if if you don't mind, I'll I'll combine them. So this is for a new transaction, an assessment transaction for CFD number two. This is assessment area number four. It is 520 lots. Each will be assessed for $5,000. The project is completed. It is Blossom it's another segment of Blossom Rock Trail, and the city's confirmed that it's been completed. The first step, item number five on your agenda is is a public hearing on the feasibility of the project and approving the feasibility report as submitted to the board for review. Item six would would then or excuse me.

The first let me slow down. Item five is conducting the feasibility hearing to go over the feasibility report as submitted to the board for review. Item six would be a resolution then approving the feasibility report and the district declaring its intention to consider issuing the bonds in the amount of $2,600,000, again, which is the 520 lots times $5,000 per lot, and related to the terms thereof. And then item seven is we've prepared the district engineers prepared a diagram of the assessments, mapping out the lots, declaring that there is a benefit from the project. Right?

We don't wanna put an assessment on a lot unless that lot will benefit from the project. And so the district engineer made that conclusion that these lots will benefit from the project in an amount greater than the assessment amount. And so item seven would be a resolution approving that assessment diagram. Happy to answer any questions. It's the same as that you've seen in the prior assessment three assessment districts for the CFD, and that you all have seen in CFD number one as well.

Okay. Anyone have any questions? Seeing none.

Thank you.

So for the District 2 Assessment Area number four, can I have a motion? Oh, wait a minute. No. No. No motion here. Okay. Now presentation for discussion is SVCFD two twenty twenty six-six. Six. I have a motion on that one. Mister chair? Yes.

Do we need

to have the public hearing first?

Yeah.

Okay.

He opened it publicly.

He opened it and closed it. He did? Okay. I'm sorry. Yeah. Do I continue?

Yeah. Okay. Alright. I move that resolution number SBCFT22026Dash006, a resolution of the Board of Directors of the Superstition Vista's Community Facility District Number two 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 area determining that special assessment buys 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 number four and ordering the public infrastructure projects performed be approved. Second.

Moved and seconded. Roll call.

Board member Cross?

Yes.

Board Member Nesser?

Yes.

Board Member Solar?

Yes.

Board Member Johnson?

Yes.

Vice Chairperson Schroeder?

Yes.

Board Member Heck?

Yes.

Chairperson Wilson?

Yes.

Motion passes.

Okay. Need a motion for SVCFD22026Dash007.

Mister chair? Yes. I move that resolution number s. Am I in the right one now?

Number seven? Number seven?

Yeah. Number seven. Sorry. Was scrolling. I move the resolution number SVCFD22026Dash007, a resolution of the district board of the Superstition Vistex Community Facilities District number two, approving the levy of assessment and assessment diagram for Assessment Area Number 4 within the district be approved.

Second. Moved and seconded. Roll call.

Board member Heck?

Yes.

Board member Cross?

Yes.

Vice chairperson Schroeder?

Yes.

Board member Nesser?

Yes.

Board member Johnson?

Yes.

Board member Solar?

Yes.

Chairperson Wilson?

Yes.

Motion passes.

Thank you. I will now close our CFPs.