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 proc

2.A
CITY OF BUCKEYE
Joint Meeting of the Community Facilities Districts
BOARD ACTION REPORT
MEETING DATE: 07/01/25
AGENDA ITEM: 2.A. FIN - Westpark
Community Facilities District Special
Assessment - Public Hearing
DATE PREPARED: 06/26/25
DISTRICT NO.: Westpark
STAFF LIAISON: Larry Price, Special Districts Manager, lprice@buckeyeaz.gov,
(623) 349-6164
DEPARTMENT: Financial Services
AGENDA ITEM TYPE: Public Hearing
and Non Consent - New Business Items
ACTION/MOTION: (This language identifies the formal motion to be made by the Council) 
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.
RELEVANT GOALS: 
GOAL 1: Fiscal Wellness and Financial Flexibility and Accountability
SUMMARY
PROJECT DESCRIPTION:
Board of Directors will conduct a public hearing on the assessment, the completion of the work and the
proceedings heretofore had and taken with respect to the Westpark CFD (City of Buckeye, Arizona)
Special Assessment District No. 2.
BENEFITS:
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 of time in the form of debt service
on the Special Assessment District No. 2 Special Assessment Revenue Bonds, Series 2025.
FUTURE ACTION:
Following the public hearing, the Board will consider Resolution No. 13-25 approving the assessment,
determining the work has been completed and ordering the collection of the amount assessed. The
Board will then consider Resolution No. 14-25 authorizing the sale and issuance of the Special
Assessment District No. 2 Special Assessment Revenue Bonds, Series 2025.
FINANCIAL IMPACT STATEMENT:
N/A
FISCAL YEAR:
2025-2026
Items related to a project or facility location must include an attached vicinity map for Council
Review.
ATTACHMENTS:
NTC - Westpark CFD SAD #2 - Notice of hrg on assessment(6577955.1).docx