07.01.2025 Joint Community Facilities Districts Minutes.pdf

July 1, 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 
JULY 1, 2025 
MINUTES 
 
City Council Chambers 
530 East Monroe Avenue 
Buckeye, AZ 85326 
5:15 p.m. 
 
Pursuant to A.R.S. § 38-431.03(A)(3) the Board of Directors of the Joint Community Facilities 
Districts may, by majority vote, recess or adjourn to executive session at one or more times during 
the meeting, as needed to confer with the Board Attorney for legal advice regarding any item listed 
on this agenda. 
 
1. 
Call to Order/Roll Call 
Chairman Orsborn called the meeting to order at 5:15 p.m. 
 
Members Present:  
 Board Member Youngker (via Microsoft Teams), Board Member Berry, Board 
Member Goodman, Board Member Beard, Vice Chair Heustis, and Chairman 
Orsborn.  
 
Members Absent:  
Board Member HagEstad. 
 
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, Police 
Chief Robert Sanders, and Chief Financial Officer William Kauppi. 
 
2. 
Community Facilities Districts Action Items

July 1, 2025 Joint Community Facilities Districts Minutes 
2.A 
Board of Directors of the Westpark Community Facilities District (City of Buckeye, 
Arizona) ("the District") to conduct a public hearing only on the assessment, the 
completion of the work and the proceedings hereto had and taken with respect to the 
District Special Assessment District No. 2.  
 
Staff Liaison: Larry Price, Special Districts Manager 
 
Mr. Price presented information regarding the District Special Assessment District No. 2. This 
financing allows the developer, Garrett Development Corp., to be reimbursed for a portion of the cost 
of the public infrastructure while causing the eventual homeowner to be responsible for their 
respective share of the cost in the form of a special assessment in the amount of $3,500. 
Homeowners may pay the assessment in full on any date or may pay over a period in the form of debt 
service on the Special Assessment District No. 2 Special Assessment Revenue Bonds, Series 2025. 
Chairman Orsborn opened a public hearing at 5:18 p.m. to hear citizen input regarding the 
assessment, the completion of the work and the proceedings hereto had and taken with respect to the 
District Special Assessment District No. 2. There being no public comment, Chairman Orsborn closed 
the public hearing at 5:19 p.m. 
 
2.B 
Board of Directors of the Floreo at Teravalis Community Facilities District (City of 
Buckeye, Arizona) ("the District") to conduct a public hearing only on the 
assessment, the completion of the work and the proceedings heretofore had and 
taken with respect to the District Special Assessment District No. 1.  
 
Staff Liaison: Larry Price, Special Districts Manager 
 
Mr. Price presented information regarding the District Special Assessment District No. 1. This 
financing allows the developer, Trillium Land Company, LLC (an affiliate of Howard Hughes Holdings 
Inc.), to be reimbursed for a portion of the cost of the public infrastructure, while causing the eventual 
homeowner to be responsible for their respective share of the cost in the form of a special assessment 
in the amount of $10,000. Homeowners may pay the assessment in full on any date or may pay over a 
period of time in the form of debt service on the Assessment District No. 1 Special Assessment 
Revenue Bonds, Series 2025. Chairman Orsborn opened a public hearing at 5:19 p.m. to hear citizen 
input regarding the assessment, the completion of the work and the proceedings hereto had and taken 
with respect to the District Special Assessment District No. 1. There being no public comment, 
Chairman Orsborn closed the public hearing at 5:20 p.m. 
 
3. 
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 
Youngker to approve Items *3.A, *3.B, *3.C, *3.D, and *3.E. Motion passed unanimously. 
 
*3.A 
Board of Directors of the Floreo at Teravalis Community Facilities District (City of 
Buckeye, Arizona) (the "District") to take action on Resolution No. 13-25 declaring and 
adopting the results of the General Obligation Bond Special Election held on June 25, 
2025. 
Staff Liaison: Lucinda Aja, City Clerk 
 
The Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye, 
Arizona) (the "District") adopted Resolution No. 13-25 declaring and adopting the results of the 
General Obligation Bond Special Election held on June 25, 2025. 
 
*3.B 
Board of Directors of the Floreo at Teravalis Community Facilities District ("the 
District") to take action on Resolution No. 14-25 approving the assessment and the

July 1, 2025 Joint Community Facilities Districts Minutes 
proceedings heretofore had and taken for the Floreo at Teravalis Community Facilities 
District (City of Buckeye, Arizona); determining the work has been completed in 
accordance with the plans and specifications, and ordering the collection of the 
amount assessed. 
Staff Liaison: Larry Price, Special Districts Manager 
 
The Board of Directors of the Floreo at Teravalis Community Facilities District ("the District") adopted 
Resolution No. 14-25 approving the assessment and the proceedings heretofore had and taken for the 
Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona); determining the work has 
been completed in accordance with the plans and specifications, and ordering the collection of the 
amount assessed. 
 
*3.C 
Board of Directors of the Floreo at Teravalis Community Facilities District (City of 
Buckeye, Arizona) ("the District") to take action on Resolution No. 15-25 authorizing the 
issuance of its Special Assessment District No. 1 Special Assessment Revenue Bonds, 
Series 2025, in the aggregate principal amount of not to exceed $10,970,000; approving 
the form and authorizing the execution and delivery of a Bond Registrar, Transfer Agent 
and Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing 
disclosure undertaking, and certain other documents securing the payment of or 
relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to 
the Bonds; approving a Final Official Statement relating to the Bonds; awarding the 
Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying 
Agent for the Bonds; taking other actions securing the payment of and relating to the 
Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting 
written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance 
Tax Compliance Procedures in connection with the issuance of Bonds. 
Staff Liaison: Larry Price, Special Districts Manager 
 
The Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye, 
Arizona) ("the District") adopted Resolution No. 15-25 authorizing the issuance of its Special 
Assessment District No. 1 Special Assessment Revenue Bonds, Series 2025, in the aggregate 
principal amount of not to exceed $10,970,000; approving the form and authorizing the execution and 
delivery of a Bond Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating 
to the Bonds, a continuing disclosure undertaking, and certain other documents securing the payment 
of or relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to the 
Bonds; approving a Final Official Statement relating to the Bonds; awarding the Bonds to the 
purchaser thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking 
other actions securing the payment of and relating to the Bonds; ratifying all actions taken or to be 
taken to further this Resolution; and adopting written Continuing Disclosure Compliance Procedures 
and Issuance and Post-Issuance Tax Compliance Procedures in connection with the issuance of 
Bonds. 
 
*3.D 
Board of Directors of the Westpark Community Facilities District (City of Buckeye, 
Arizona) ("the District") to take action on Resolution No. 13-25 approving the 
assessment and the proceedings heretofore had and taken for the Westpark 
Community Facilities District (City of Buckeye, Arizona); determining the work has 
been completed in accordance with the plans and specifications; and ordering the 
collection of the amount assessed. 
Staff Liaison: Larry Price, Special Districts Manager 
 
The Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the 
District") adopted Resolution No. 13-25 approving the assessment and the proceedings heretofore had 
and taken for the Westpark Community Facilities District (City of Buckeye, Arizona); determining the

July 1, 2025 Joint Community Facilities Districts Minutes 
work has been completed in accordance with the plans and specifications; and ordering the collection 
of the amount assessed. 
 
*3.E 
Board of Directors of the Westpark Community Facilities District (City of Buckeye, 
Arizona) ("the District") to take action on Resolution No. 14-25 authorizing the issuance 
of its Special Assessment District No. 2 Special Assessment Revenue Bonds, Series 
2025, in the aggregate principal amount of not to exceed $1,561,000; approving the form 
and authorizing the execution and delivery of a Bond Registrar, Transfer Agent and 
Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing 
disclosure undertaking, and certain other documents securing the payment of or 
relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to 
the Bonds; approving a Final Official Statement relating to the Bonds; awarding the 
Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying 
Agent for the Bonds; taking other actions securing the payment of and relating to the 
Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting 
written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance 
Tax Compliance Procedures in connection with the issuance of Bonds. 
Staff Liaison: Larry Price, Special Districts Manager 
 
The Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the 
District") adopted Resolution No. 14-25 authorizing the issuance of its Special Assessment District 
No. 2 Special Assessment Revenue Bonds, Series 2025, in the aggregate principal amount of not to 
exceed $1,561,000; approving the form and authorizing the execution and delivery of a Bond 
Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating to the Bonds, a 
continuing disclosure undertaking, and certain other documents securing the payment of or relating 
to the Bonds; ratifying and approving a Preliminary Official Statement relating to the Bonds; 
approving a Final Official Statement relating to the Bonds; awarding the Bonds to the purchaser 
thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking other actions 
securing the payment of and relating to the Bonds; ratifying all actions taken or to be taken to further 
this Resolution; and adopting written Continuing Disclosure Compliance Procedures and Issuance 
and Post-Issuance Tax Compliance Procedures in connection with the issuance of Bonds. 
 
4. 
Adjournment 
There being no further business to discuss, Chairman Orsborn adjourned the meeting at 5:23 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 July 1, 2025.  I further certify that a quorum was present. 
 
________________________________ 
Lucinda J. Aja, District Clerk