Festival Ranch SAD #15 presentation.pdf

City of Buckeye
Finance Department
Festival Ranch
FY2027 SAD #15 
Special Assessment Revenue Bonds
May 5, 2026

Festival Ranch FY2027 SAD #15 Bond: Overview
Finance
1
The FY2027 Budget includes a proposed issuance of (SAD)Special Assessment Revenue Bonds
The FY2027 Bond amount: Not to exceed $2,730,000
Bonds will have a 20-year term with an estimated interest rate of 5%
Festival Ranch SAD #15 includes 546 assessed lots. 
Bond proceeds for 7,999 linear feet of paving and concrete improvements total $2,730,000

Festival Ranch FY2027 SAD #15 Bond
Finance
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The Per Lot 
Assessment for 
FY2027 is $5,000
The Annual 
Assessment 
Payment for FY2027 
is $427
The Assessment 
Payment Per Month 
for FY2027 is $36

Festival Ranch FY2027 SAD #15 Bond
Finance
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The County collects annual 
assessment payments as part of the 
property tax billing process. 
The $5,000 assessment, or remaining 
balance, may be paid off at any time. It 
is assumable and does not need to be 
paid off upon property transfer.

Festival Ranch FY2027 SAD #15 Bond: Disclosure of Assessment Payments
Finance
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Under A.R.S. § 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”).
Homebuyers must receive and sign the Public Report, acknowledging 
they have read and accepted it before closing on a home.
Additionally, homebuilders will require a separate signed disclosure form 
that specifically highlights the District assessment payments related to 
project financing.

Festival Ranch FY2027 SAD #15 Bond Paving and Concrete Improvements Map
Finance
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Questions
Finance
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