Notice - Festival Ranch CFD SAD 11 - Modification Notice re Assessment AA1-11 (8.05.2025) (7776642.1).pdf
City of Buckeye — Joint Community Facilities Districts (2025-11-04)
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Page 1 of 1 125 S. Avondale Boulevard, Suite 115, Avondale, AZ 85323 August 5, 2025 Pulte Home Corporation, LLC Attention: Todd Knape, Vice President of Land 16767 N. Perimeter Drive, Suite 100 Scottsdale, AZ 85260 RE: Festival Ranch Community Facilities District Modification of Special Assessment District No. 11 Assessment AA1 Dear Mr. Knape: The City of Buckeye, on behalf of the Festival Ranch Community Facilities District, has been requested to modify the recorded assessment for Assessment Parcel AA1 in Special Assessment District No. 11 of the Festival Ranch Communities Facilities District. A portion of Parcel AA1-11 was recently subdivided by final plats for “Sun City Festival - Parcel AA1-11”. The records of Maricopa County indicate that you own all of the lots within Parcels AA1-11. Parcel AA1-11 was originally included in SAD No. 11 as a portion of a single, unsubdivided parcel with a blanket assessment of $484,000 (Assessment AA1-11). SAD No. 11 was formed in December 2016 and annual assessment payments have been made to the City since then. The current outstanding assessment amount for Assessment Parcel AA1-11 is $343,820.30. The original Parcel AA1-11 was subdivided on April 21, 2025, with recordation of the final plat “Sun City Festival - Parcel AA1- Phase 1” (MCR Book 1854, Page 47), which created 111 lots and with the recordation of the final plat “Sun City Festival – Parcel AA1- Phase 2” (MCR Book 1854, Page 46), which created 135 lots. The City of Buckeye has been requested to modify the Parcel AA1-11 assessment on a per-lot basis. The modified assessment amount of $343,820.30 will be spread to the 160 total lots at $1,397.64 per lot and to the remainder 86 lots at $1,397.65 per lot. As the owner of these properties, you have twenty (20) days from the date of this letter to file a written objection to the assessment reallocation, if you so desire. This objection should be addressed to Lucinda Aja, City Clerk, City of Buckeye, 530 E. Monroe Avenue Buckeye, Arizona 85326. If no written objection is received, this Modification of Assessment will be forwarded to the Festival Ranch Community Facilities District Board for their approval. If approved, the Modified Assessment Diagram will be recorded with Maricopa County and assessment billings will be modified accordingly. Should you have any questions regarding this notice, please contact me or Larry Price at the City of Buckeye at (623) 349-6164. Sincerely, Brandon Squire, PE Buckeye CFD Engineer Cc: Larry Price, City of Buckeye Lucinda Aja, City of Buckeye