05.20.2025 Joint Community Facilities Districts Minutes.pdf

May 20, 2025 Joint Community Facilities Districts Minutes 
  
 
 
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 
MAY 20, 2025 
MINUTES 
 
Executive Conference Room - City Hall, First Floor 
530 East Monroe Avenue 
Buckeye, AZ 85326 
Immediately following the Regular Council Meeting 
 
1. 
Call to Order/Roll Call 
Chairman Orsborn called the meeting to order at 6:38 p.m. 
 
Members Present:  
Board Member Youngker, Board Member Berry, Board Member 
Goodman, Board Member HagEstad, Board Member Beard, Vice Chair 
Heustis, and Chairman Orsborn.  
 
Members Absent:  
None. 
 
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, 
and Chief Financial Officer William Kauppi. 
 
2. 
Presentations 
 
2.A 
Presentation of Fiscal Year (FY) 2026 Community Facilities District (CFD) Tentative 
Budget Adoptions. 
 
Staff Liaison: Larry Price, Special Districts Manager 
 
Mr. Kauppi presented an overview of the FY 2026 Community Facilities Districts (CFDs) tentative 
budgets for the City of Buckeye. The City has eleven CFDs, with three currently having no 
development and budgeted minimally. Mr. Kauppi highlighted the unique nature of this year's

May 20, 2025 Joint Community Facilities Districts Minutes 
assessments, with varying increases across different districts. He focused on the tax rates, noting that 
most CFDs aim to maintain a consistent rate of around $3.30. The impact of debt issuance on 
budgets, particularly highlighting Florio's dramatic increase due to proposed $10 million in bonds, was 
discussed. Assessed values are used to calculate tax levies and showed how some districts are 
seeing tax rate decreases due to debt payoff, while others are experiencing increases due to new 
bond issuances. The presentation emphasized the City's goal of stabilizing tax rates over time, 
avoiding significant peaks and valleys in annual assessments. Specific examples of how tax rates 
might change for homeowners, using a median home value of $176,000 to illustrate potential 
increases or decreases in annual taxes across different CFDs, were described. Chairman Orsborn 
requested further information regarding the Floreo at Teravlis CFD’s significant increase in assessed 
value. Mr. Kauppi explained the increase is due to the proposed $10 million in bonds and the fact that 
last year the area was essentially vacant land. Mayor Orsborn suggested that staff proactively 
communicate with residents in the Verrado Western Overlay about their decrease in tax rates.  
 
The Consent Agenda was taken out of order and action was taken on the Consent Agenda Items prior 
to the Public Hearings and Non-Consent – New Business Items 3.A and 3.B 
 
3. 
Public Hearings and Non-Consent - New Business 
 
3.A 
Board of Directors of Festival Ranch Community Facilities District to hold a public 
hearing and take action on Resolution No. 05-25 accepting and approving the Feasibility 
Report relating to the acquisition and financing of certain improvements benefiting the 
District; and declaring its preliminary intention to issue not to exceed $6,000,000 General 
Obligation Bonds to finance the acquisition of certain improvements as described in the 
Feasibility Report relating to such improvements pursuant to the provisions of Title 48, 
Chapter 4, Article 6, Arizona Revised Statutes, and all amendments thereto. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Mr. Price presented information about the Festival Ranch Community Facilities District's (CFD) 
proposed bond issuance. He explained that the developer is requesting the Board issue not more than 
$6 million in General Obligation Bonds to partially reimburse certain roadway improvements. The 
proposed bonds would have a 20-year term with an interest rate not exceeding 5 percent. The 
proceeds would fund improvements. For homeowners, this would mean a property tax impact where 
the debt service portion of the tax rate would increase from $2.89 to $3.00. The overall combined tax 
rate would rise from approximately $3.20 to $3.30, which is a three and a half percent total increase. 
Laura Myers with PulteGroup explained their neighborhood representatives’ program, which involves 
two representatives from all neighborhoods and provides regular updates on CFD activities and 
infrastructure projects. Vicinity maps were displayed. Mr. Price emphasized the CFD aims to maintain 
a consistent tax rate and has continuous growth, allowing them to manage bond issuances and 
infrastructure development strategically. Chairman Orsborn requested clarification regarding CFD tax 
rates. Mr. Price confirmed that as more properties come online and increase in value, the bonding 
capacity increases, and the tax rate can potentially decrease. At 6:55 p.m. Chairman Orsborn opened 
a public hearing to hear citizen input regarding Resolution No. 05-25. There being no public comment, 
Chairman Orsborn closed the public hearing at 6:55 p.m. A motion was made by Vice Chair Heustis 
and seconded by Board Member HagEstad to adopt Resolution No. 05-25 (Festival Ranch CFD) 
accepting and approving the Feasibility Report relating to the acquisition and financing of certain 
improvements benefiting the District; and declaring its preliminary intention to issue not to exceed 
$6,000,000 General Obligation Bonds to finance the acquisition of certain improvements as described 
in the Feasibility Report relating to such improvements pursuant to the provisions of Title 48, Chapter 
4, Article 6, Arizona Revised Statutes, and all amendments thereto. Motion passed unanimously.  
 
3.B 
Board of Directors of Festival Ranch Community Facilities District (CFD) to take action 
on Resolution No. 06-25 authorizing the issuance of its General Obligation Bonds,

May 20, 2025 Joint Community Facilities Districts Minutes 
Series 2025; delegating the authority to approve certain matters with respect to the 
bonds; providing for the annual levy of a tax for the payment of the bonds; authorizing 
the appointment of a financial advisor, and a bond registrar, transfer agent and paying 
agent; authorizing the acceptance of a proposal for the purchase of the bonds; 
approving the form of the bonds and certain documents relating to and securing the 
payment of the bonds, and authorizing completion, execution and delivery thereof; 
awarding the bonds to the purchaser thereof; delegating the authority to approve the 
method of sale and to approve and deem final a form of preliminary official statement, if 
applicable; and ratifying all actions taken or to be taken to further this Resolution. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Mr. Price presented an overview of Resolution No. 06-25. The Board is being asked to proceed with 
the financing of the public infrastructure by authorizing issuance of, not to exceed, $5,500,000 of the 
District's General Obligation Bonds, Series 2025, that will encourage residential and commercial 
development that could potentially increase the City's property tax base. A motion was made by Vice 
Chair Heustis and seconded by Board Member HagEstad to adopt Resolution No. 06-25 authorizing 
the issuance of its General Obligation Bonds, Series 2025; delegating the authority to approve certain 
matters with respect to the bonds; providing for the annual levy of a tax for the payment of the bonds; 
authorizing the appointment of a financial advisor, and a bond registrar, transfer agent and paying 
agent; authorizing the acceptance of a proposal for the purchase of the bonds; approving the form of 
the bonds and certain documents relating to and securing the payment of the bonds, and authorizing 
completion, execution and delivery thereof; awarding the bonds to the purchaser thereof; delegating 
the authority to approve the method of sale and to approve and deem final a form of preliminary official 
statement, if applicable; and ratifying all actions taken or to be taken to further this Resolution. Motion 
passed unanimously.  
 
4. 
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 
Goodman to approve Items *4.A, *4.B, *4.C, *4.D, *4.E, *4.F, *4.G, *4.H, *4.I, *4.J, and *4.K Motion 
passed unanimously.  
 
*4.A 
Board of Directors of the Anthem Sun Valley Community Facilities District to take action 
on Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal 
Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing 
dates for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Anthem Sun Valley) approving the Tentative Budget of the 
District for the Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting 
hearing dates for the budget and tax levy. 
 
*4.B 
Board of Directors of the Elianto Community Facilities District to take action on 
Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal Year 
2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Elianto) approving the Tentative Budget of the District for the 
Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy.

May 20, 2025 Joint Community Facilities Districts Minutes 
 
*4.C 
Board of Directors of the Festival Ranch Community Facilities District to take action on 
Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal Year 
2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Festival Ranch) approving the Tentative Budget of the District 
for the Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing 
dates for the budget and tax levy. 
 
*4.D 
Board of Directors of the Floreo at Teravalis Community Facilities District to take action 
on Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal 
Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing 
dates for the budget and tax levy. 
 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Floreo at Teravalis) approving the Tentative Budget of the 
District for the Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting 
hearing dates for the budget and tax levy. 
 
*4.E 
Board of Directors of the Mirielle Community Facilities District to take action on 
Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal Year 
2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Mirielle) approving the Tentative Budget of the District for the 
Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
 
*4.F 
Board of Directors of the Sundance Community Facilities District to take action on 
Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal Year 
2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Sundance) approving the Tentative Budget of the District for the 
Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
 
*4.G 
Board of Directors of the Tartesso West Community Facilities District to take action on 
Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal Year 
2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy.  
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Tartesso West) approving the Tentative Budget of the District for 
the Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing 
dates for the budget and tax levy. 
 
*4.H 
Board of Directors of the Verrado District 1 Community Facilities District to take action 
on Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal

May 20, 2025 Joint Community Facilities Districts Minutes 
Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing 
dates for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Verrado District 1) approving the Tentative Budget of the District 
for the Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing 
dates for the budget and tax levy. 
 
*4.I 
 Board of Directors of the Verrado Western Overlay Community Facilities District to take 
action on Resolution No. 01-25 approving the Tentative Budget of the District for the 
Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting 
hearing dates for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Verrado Western Overlay) approving the Tentative Budget of the 
District for the Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting 
hearing dates for the budget and tax levy. 
 
*4.J 
Board of Directors of the Watson Road Community Facilities District to take action on 
Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal Year 
2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Watson Road) approving the Tentative Budget of the District for 
the Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing 
dates for the budget and tax levy. 
 
*4.K 
Board of Directors of the Westpark Community Facilities District to take action on 
Resolution No. 01-25 approving the Tentative Budget of the District for the Fiscal Year 
2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
Staff Liaison: Larry Price, Special Districts Manager 
 
Board adopted Resolution No. 01-25 (Westpark) approving the Tentative Budget of the District for the 
Fiscal Year 2025-2026 beginning July 1, 2025, and ending June 30, 2026, and setting hearing dates 
for the budget and tax levy. 
 
5. 
Adjournment 
There being no further business to discuss, Chairman Orsborn adjourned the meeting at 6:57 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 May 20, 2025.  I further certify that a quorum was present. 
 
________________________________ 
Lucinda J. Aja, District Clerk