Council to take action on Resolution No. 62-25 accepting a Petition, Waiver, and Consent to formation of Maintenance Improvement District (MID); declaring the intention to form a Maintenance Improveme
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4.L CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 09/02/25 AGENDA ITEM: 4.L. DS – Intention of MID Formation – Floreo at Teravalis – Resolution No. 62-25 DATE PREPARED: 08/28/25 DISTRICT NO.: 4 STAFF LIAISON: Ron Moll, City Engineer, rmoll@buckeyeaz.gov (480) 997-1702 DEPARTMENT: Development Services AGENDA ITEM TYPE: Consent Agenda Items / New Business ACTION/MOTION: (This language identifies the formal motion to be made by the Council) Council to take action on Resolution No. 62-25 accepting a Petition, Waiver, and Consent to formation of Maintenance Improvement District (MID); declaring the intention to form a Maintenance Improvement District; designating such District as the "City of Buckeye Maintenance Improvement District No. MID- 2025-002"; providing for the annual levy of taxes or an annual assessment against the lots within the District in proportion to the benefits received; and ordering the recording and filing of this Resolution. SUMMARY PROJECT DESCRIPTION: Per Resolution No. 62-25, Council to accept a Petition, Waiver, and Consent of Formation of a Maintenance Improvement District (MID) for the Floreo at Teravalis Development; declare the intention to form a MID; designate such District as "City of Buckeye Maintenance Improvement District No. MID- 2025-002"; and ordering the recording and filing of this Resolution. BENEFITS: Both Maintenance Improvement Districts (MIDs) and Street Lighting Improvement Districts (SLIDs) provide for the benefit of ensuring that there is a balance of revenue and expenditures to provide for the quality of life for the residents/owners of a particular development without an undue burden upon the existing community. MIDs are established in accordance with Ordinance #42-06 and assess the owners within a development for the cost of maintenance of the landscaping along the rights-of-ways within a development MID. MIDs are not activated unless the development’s owners should fail or otherwise go out of business, since the owner is charged with that maintenance responsibility; however, the MID is standing by as a protection for the City to ensure that there is adequate revenue to take on the maintenance. FUTURE ACTION: A Resolution creating the City of Buckeye Maintenance Improvement District No. MID-2025-002 follows on the current agenda. There will be no further action necessary, unless the responsible owners within the development should dissolve. At that time, in accordance with applicable State law, the MID will be activated through separate action of the City Council. FINANCIAL IMPACT STATEMENT: N/A Items related to a project or facility location must include an attached vicinity map for Council Review. ATTACHMENTS: MID 2025-002 Petition Floreo Village 2 & Teravalis-Fully Executed.pdf MID 2025-002 Exhibits Floreo Village 2 & Teravalis.pdf Resolution 62-25 Intention to Form MID-2025-002 Floreo.pdf