Council to take action on Resolution No. 63-25 ordering the work as described in Resolution No. -25; ordering the formation of City of Buckeye Maintenance Improvement District No. MID- -002; and order
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4.M CITY OF BUCKEYE Regular Council Meeting COUNCIL ACTION REPORT MEETING DATE: 09/02/25 AGENDA ITEM: 4.M. DS – MID Formation – Floreo at Teravalis – Resolution No. 63-25 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. 63-25 ordering the work as described in Resolution No. 62-25; ordering the formation of City of Buckeye Maintenance Improvement District No. MID-2025-002; and ordering the recording and filing of this Resolution. SUMMARY PROJECT DESCRIPTION: Per Resolution No. 63-25, this request is for the formation of a Maintenance Improvement District (MID) No. MID-2025-002 for the Floreo at Teravalis Development 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: There will be no further action necessary, unless the responsible owners within a 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 63-25 Creation MID Floreo.pdf