RES 18-25 - Buckeye GO Bonds 2025 - Authorizing Resolution (011)(GR 4.22.25)(6482413.11).docx

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RESOLUTION NO. 18-25
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE CITY OF BUCKEYE, 
ARIZONA, AUTHORIZING THE ISSUANCE, SALE AND DELIVERY OF ITS
GENERAL OBLIGATION BONDS, SERIES 2025;
DELEGATING THE 
AUTHORITY TO APPROVE CERTAIN MATTERS WITH RESPECT TO THE 
BONDS, INCLUDING DETERMINING THE METHOD OF SALE OF THE BONDS, 
AUTHORIZING THE ACCEPTANCE OF A PROPOSAL FOR THE PURCHASE 
OF THE BONDS AND AWARDING THE BONDS TO THE PURCHASER 
THEREOF; 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, IF NECESSARY; PROVIDING FOR THE DISPOSITION OF 
THE PROCEEDS OF SUCH 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; DELEGATING THE AUTHORITY TO APPROVE AND 
DEEM FINAL A FORM OF OFFICIAL STATEMENT, IF APPLICABLE;
RATIFYING THE IMPLEMENTATION OF CERTAIN WRITTEN CONTINUING 
DISCLOSURE 
COMPLIANCE 
PROCEDURES; 
ADOPTING
UPDATED 
ISSUANCE AND POST-ISSUANCE TAX COMPLIANCE PROCEDURES IN 
CONNECTION WITH THE ISSUANCE OF THE BONDS OF THE CITY; AND 
RATIFYING ALL ACTIONS TAKEN AND TO BE TAKEN TO FURTHER THIS 
RESOLUTION.
WHEREAS, pursuant to a special bond election held in and for the City of Buckeye, 
Arizona (the “City”), on November 5, 2024 (the “Election”), the issuance of general obligation 
bonds has been approved; and
WHEREAS, the City now desires to issue and sell its General Obligation Bonds, Series 
2025 (the “Bonds”) for the purposes and according to the terms as set forth in this Resolution; 
and
WHEREAS, the City intends to issue Bonds in an aggregate principal amount of not to 
exceed $75,000,000 on a tax-exempt or taxable basis, for the purpose of providing funds for 
public safety improvement projects and street and transportation improvement projects and 
paying the costs of issuance of the Bonds; and
WHEREAS, the firm of RBC Capital Markets, LLC will serve as the City’s financial advisor 
(the “Financial Advisor”) with respect to the Bonds; and
WHEREAS, by this Resolution, the Mayor and Council of the City (the “Council”) will 
delegate authority to the Chief Financial Officer of the City (the “Chief Financial Officer”) to 
determine, with the advice of the Financial Advisor, the method of sale of the Bonds; and
WHEREAS, by this Resolution, the Council shall approve one or more forms of: (i) a bond 
purchase agreement (the “Bond Purchase Agreement”) to be executed and delivered by and 
between the City and the Underwriter (as defined herein), to be dated of even date with the sale 
of the Bonds to the Underwriter in substantially the form submitted to and on file with the City 
Clerk, (ii) a written certificate, receipt, continuing covenant agreement or other similar purchase 
commitment (in the event of a direct sale) (collectively, the “Direct Purchase Agreement”) in the

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customary form as approved by the City’s bond counsel, Gust Rosenfeld P.L.C. (“Bond Counsel”) 
or (iii) a Notice of Sale in the customary form as approved by Bond Counsel (the “Notice”), if 
applicable, and order the proposed bond purchase agreement, other purchase commitment or 
Notice, to be completed with the final terms of the Bonds and entered into between the City and 
the underwriter or other bond purchaser(s) (collectively, the “Purchaser”) when the final terms of 
the sale have been determined for the sale or placement of the Bonds to the Purchaser; and
WHEREAS, further, the proposed forms of the following documents are on file with the 
City Clerk for this meeting: (i) the Bond Purchase Agreement; (ii) the Bond Registrar, Transfer 
Agent and Paying Agent Contract (“Registrar Contract”); (iii) the Continuing Disclosure Certificate
(as defined herein) and (iv) the Preliminary Official Statement (as defined herein), all of which are 
necessary only if the Bonds are sold in a competitive or negotiated sale (together with the Bond 
Purchase Agreement and the Notice, as applicable, the “Bond Documents”, and if the Bonds are 
directly placed with a Purchaser, “Bond Documents” shall include the Placement Agent 
Agreement (as defined herein) and the Direct Purchase Agreement and shall not include the Bond 
Purchase Agreement, the Registrar Contract, the Continuing Disclosure Certificate or the
Preliminary Official Statement); and
WHEREAS, within and by the parameters set forth in this Resolution, the Council shall 
authorize the execution, issuance and sale of the Bonds and their delivery to the Purchaser in 
accordance with the Purchase Contract (as defined herein) at such prices, interest rates, 
maturities and redemption features as may be hereafter determined; and
WHEREAS, all acts, conditions and things required by the constitution and laws of the 
State of Arizona to happen, exist and be performed precedent to and in the adoption of this 
Resolution have happened, exist and have been performed as so required in order to make this 
Resolution a valid and binding instrument for the security of the Bonds authorized herein.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the City of Buckeye, 
Arizona, as follows:
Section 1.
Authorization.  For the purpose of (i) providing funds for public safety 
improvement projects and street and transportation improvement projects authorized by the 
qualified electors of the City at the Election and (ii) paying the costs of issuance of the Bonds,
there is hereby authorized to be issued and sold in accordance with the provisions of this 
Resolution an aggregate principal amount of not to exceed $75,000,000 of City of Buckeye, 
Arizona, General Obligation Bonds, Series 2025, on a tax-exempt or taxable basis.  The Bonds 
shall be executed, issued and sold in accordance with the provisions of this Resolution and 
delivered against payment therefor by the Purchaser.  The series designation of the Bonds may 
change if the Bonds are not sold in calendar year 2025 and the name shall be as designated in 
the Purchase Contract.
Section 2.
Method of Sale.  The Chief Financial Officer is hereby authorized and 
directed to determine, upon consultation with the Financial Advisor, the method of sale of the 
Bonds and to take any action and make any modifications to the documents described in this 
Resolution to accomplish the purposes of this Resolution.
A.
Negotiated Sale.  If the Chief Financial Officer determines to sell the Bonds 
to Stifel, Nicolaus & Company, Incorporated (the “Underwriter,” acting in this capacity and not as 
a municipal advisor (as defined in the Securities and Exchange Commission’s (“SEC’s”) Municipal 
Advisor Rule)) via a negotiated sale, the Chief Financial Officer shall, with the assistance of the

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Financial Advisor, negotiate the prices, interest rates, maturities and redemption features in 
conformance with the parameters of this Resolution, and the City shall execute and deliver the 
Bond Purchase Agreement.
B.
Private Placement.  If the Chief Financial Officer determines to place the 
Bonds directly to one or more financial institutions, the Chief Financial Officer is hereby authorized 
to prepare a request for proposals or similar document with the assistance of a firm as selected 
by the Chief Financial Officer (the “Placement Agent,” acting in this capacity and not as a 
municipal advisor (as defined in the SEC’s Municipal Advisor Rule)), pursuant to the terms of a 
placement agent agreement by and between the City and the Placement Agent in the customary 
form as approved by the Chief Financial Officer (the “Placement Agent Agreement”), and to 
receive bids from potential purchasers.  In such method of sale, the Chief Financial Officer, with 
the assistance of the Financial Advisor and the Placement Agent, is hereby authorized and 
directed to review the bids received and award the Bonds to the most qualified bidder, and such 
award shall be evidenced by the Direct Purchase Agreement.  The Chief Financial Officer may 
engage in negotiations with one or more bidders as the Chief Financial Officer deems appropriate.  
The Chief Financial Officer may also reject all bids received.  Any bid submitted shall be deemed 
agreement by the bidder with the terms of this Resolution and the bidder’s unconditional offer to 
be bound by the terms of this Resolution.
C.
Competitive Sale.  If the Chief Financial Officer determines to sell the 
Bonds via a competitive sale, the Chief Financial Officer is hereby authorized to prepare the 
Notice with the assistance of the Financial Advisor and to receive proposals from potential 
purchasers.  In such method of sale, the Chief Financial Officer, with the assistance of the 
Financial Advisor, is hereby authorized and directed to review the proposals received and award 
the Bonds to the most qualified bidder.  The Chief Financial Officer may reject all proposals
received.  Any proposal submitted shall be deemed agreement by the proposer with the terms of 
this Resolution and the proposer’s unconditional offer to be bound by the terms of this Resolution.
Section 3.
Purchase Contract.  The Council intends to issue the Bonds through any 
or all of the following methods as determined by the Chief Financial Officer, upon consultation 
with the Financial Advisor: (i) selling the Bonds to the Underwriter pursuant to the Bond Purchase 
Agreement, to be executed and delivered by and between the City and the Underwriter, on such 
terms as may hereafter be approved by the Chief Financial Officer; (ii) placing the Bonds with one 
or more Purchasers with the aid of the Placement Agent, on such terms as may hereafter be 
approved by the Chief Financial Officer and evidenced by the Direct Purchase Agreement; or (iii) 
selling the Bonds in a competitive sale in response to a Notice in the customary form as approved 
by Bond Counsel and prepared by the Financial Advisor. The Bond Purchase Agreement, the 
Direct Purchase Agreement, and Notice, as applicable and as completed, are collectively referred 
to in this Resolution as the “Purchase Contract.”  If the Bonds are placed pursuant to a Direct 
Purchase Agreement with a Purchaser, the Purchaser may be required to execute a Certificate 
of Qualified Investor in the form and substance satisfactory to the Chief Financial Officer and 
Bond Counsel.
Section 4.
Terms.
A.
Terms of the Bonds.
(i)
The Bonds will be dated the date set forth in the Purchase Contract
and will mature in some or all of the years 2026 through and including 2050 (however, such final 
maturities will be determined by the Chief Financial Officer, with assistance from the Financial

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Advisor, in the Purchase Contract), and will bear interest from their dated date to the maturity or 
prior redemption date of each of the Bonds at the rate or rates set forth in the Purchase Contract, 
provided that the interest rate on the Bonds shall not exceed 6.50%.
(ii)
The principal amount maturing in each year, the interest rates 
applicable to each maturity, the optional and mandatory redemption provisions and any other final 
terms of the Bonds, including series designation, purchase price and provision for original issue 
discount and original issue premium, shall be as set forth in the Purchase Contract and approved 
by the Chief Financial Officer as set forth in this Resolution, and such approval shall be evidenced 
by the execution and delivery of the Purchase Contract.
(iii)
The Bonds are expected to be initially issued in fully registered form
and, if purchased by the Underwriter or a Purchaser in a competitive sale, in book-entry form, in 
denominations of $5,000 of principal amount each or integral multiples thereof, equal to the 
respective year’s maturity amount.  If the Book-Entry-Only System (as defined herein) is used 
and then discontinued, the Bonds will be in denominations of $5,000 of principal each or integral 
multiples in excess thereof (or in such other denominations as set forth in the Purchase Contract).  
If privately placed with a bond purchaser, the Bonds will be in denominations of $100,000 of 
principal each or integral multiples of $1,000 in excess thereof (or in such other denominations 
as set forth in the Direct Purchase Agreement).  Interest on the Bonds shall be payable 
semiannually on each January 1 and July 1 (each, an “Interest Payment Date”) during the term 
of the Bonds, commencing January 1, 2026 (or such other date as set forth in the Purchase 
Contract).
B.
Book-Entry-Only System.  If the Bonds are sold in a competitive or 
negotiated sale, the Bonds may be administered under the book-entry-only system (the “Book-
Entry-Only System”) described herein and in the Letter of Representations (as defined herein),
and so long as the Bonds are administered under the Book-Entry-Only System, interest payments 
and principal payments that are part of periodic principal and interest payments shall be paid to 
Cede & Co. as the nominee of The Depository Trust Company (“DTC”) or its registered assigns 
in same-day funds no later than the time established by DTC on each interest or principal payment 
date (or in accordance with then existing arrangements between the City and DTC).  The City has 
entered into an agreement (the “Letter of Representations”) with DTC in connection with the 
issuance of bonds of the City and, while the Letter of Representations is in effect, the procedures 
established therein shall apply to the Bonds if sold in a negotiated or competitive sale.
C.
Registration.
(i)
If the Bonds are sold in a competitive or negotiated sale, the Bonds 
may be registered in the Book-Entry-Only System.  If the Book-Entry-Only System is discontinued, 
the Registrar’s (as defined herein) registration books shall show the registered owners of the 
Bonds. While the Bonds are subject to the Book-Entry-Only System, the Bonds shall be 
registered in the name of Cede & Co., or its registered assigns.  If the Book-Entry-Only System 
is discontinued, the Bonds will be administered by the Registrar in a manner that assures against 
double issuance and provides a system of transfer of ownership on the books of the Registrar in 
the manner set forth in the Bonds.
The City recognizes that Section 149(a) of the Internal 
Revenue Code of 1986, as amended (the “Code”), requires the Bonds to be issued and to remain 
in fully registered form in order that interest thereon is exempt from federal income taxation under 
laws in force at the time the Bonds are delivered.  The City agrees that it will not take any action 
to permit the Bonds to be issued in, or converted into, bearer or coupon form.

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(ii)
If the Bonds are privately placed with the Purchaser, the Bonds may 
be registered in the name of the Purchaser.  In the event the Bonds are placed with the Purchaser, 
the Bonds may not be transferred unless (a) to a transferee that is a Qualified Investor (as defined 
herein) and provides the City with a completed Certificate of Qualified Investor and (b) the 
Qualified Investor agrees to comply with all applicable federal and state securities laws.  For 
purposes of the Bonds, if placed with the Purchaser, “Qualified Investor” means a “qualified 
institutional buyer,” as such term is defined in Rule 144A of the Securities Act of 1933, as 
amended, or an “accredited investor” (excluding natural persons) as defined in Rule 501 of 
Regulation D of the United States Securities and Exchange Commission, who executes the 
Certificate of Qualified Investor.  The City and the Purchaser may provide other terms and 
provisions for the signatures, authentication, registration, transfer and exchange of the Bonds in 
the Direct Purchase Agreement.
D.
Payment.
(i)
If the Bonds are sold in a negotiated or competitive sale and the 
Book-Entry-Only System is discontinued, interest on the Bonds will be payable on each Interest 
Payment Date by the Paying Agent (as defined herein) by check mailed to the registered owner 
thereof at such registered owner’s address as shown on the registration books maintained by the 
Registrar as of the close of business of the Registrar on the Record Date (as defined herein).
(ii)
If the Bonds are sold in a negotiated or competitive sale and the 
Book-Entry-Only System is discontinued, principal of the Bonds will be payable, when due, only 
upon presentation and surrender of the Bond at the designated corporate trust office of the Paying 
Agent.  Upon written request made 20 days prior to an Interest Payment Date by a registered 
owner of at least $1,000,000 in principal amount of Bonds outstanding all payments of interest 
and, if adequate provision for surrender is made, principal and premium, if any, shall be paid by 
wire transfer in immediately available funds to an account within the United States of America 
designated by such registered owner.
(iii)
Notwithstanding any other provision of this Resolution, payment of 
principal of and interest on any Bond that is held by a securities depository or Bonds subject to 
the Book-Entry-Only System may be paid by the Paying Agent by wire transfer in “same-day 
funds.”
(iv)
If the Bonds are directly placed with the Purchaser, the principal 
(except the final payment thereof whether because of maturity or redemption) and interest due 
with respect to the Bonds (except that due upon such final payment) shall be payable without 
surrender or presentment in lawful money of the United States of America by wire transfer to an 
account within the United States of America designated by the Purchaser, or subsequent 
transferee, or by check mailed to the Purchaser, or subsequent transferee, at the address on file 
with the City. The final payment of principal of the Bonds plus accrued interest to the date of 
payment thereof shall be paid in lawful money of the United States of America by wire transfer 
upon surrender when due at the designated office of the City.
E.
Other Terms.  The Bonds shall (i) have such other terms and provisions as 
are set forth in the form of Bond attached hereto as Exhibit A and (ii) be sold under the terms for 
the payment of principal of, premium, if any, and interest on the Bonds and the redemption of the 
Bonds, and other such conditions as are set forth in the Purchase Contract.

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Section 5.
Redemption.
A.
Optional Redemption.  The Bonds may be subject to optional redemption 
as will be determined by the Chief Financial Officer and set forth in the Purchase Contract.
B.
Mandatory Redemption.  The Bonds may be subject to mandatory 
redemption as will be determined by the Chief Financial Officer and set forth in the Purchase 
Contract.  Whenever Bonds subject to mandatory redemption are purchased, redeemed (other 
than pursuant to mandatory redemption) or delivered for cancellation (i) by the City to the 
Registrar (if the Bonds are sold via competitive or negotiated sale) or (ii) by the Purchaser, or 
subsequent transferee, to the City (if the Bonds are directly placed with the Purchaser), the 
principal amount of the Bonds so retired shall satisfy and be credited against the mandatory 
redemption requirements for such Bonds for such years as the City may direct.
C.
Notice of Redemption.
(i)
If the Bonds are sold in a negotiated or competitive sale, and so 
long as the Bonds are held under the Book-Entry-Only System, notices of redemption will be sent 
to DTC in the manner required by DTC.  If the Book-Entry-Only System is discontinued, notice of 
redemption of any Bond will be mailed to the registered owner of the Bond or Bonds being 
redeemed at the address shown on the bond register maintained by the Registrar not more than 
60 nor less than 30 days prior to the date set for redemption. Notice of redemption may be sent 
to any securities depository by mail, facsimile transmission, wire transmission or any other means 
of transmission of the notice generally accepted by the respective securities depository.  Neither 
the failure of DTC or any registered owner of Bonds to receive a notice of redemption nor any 
defect therein will affect the validity of the proceedings for redemption of Bonds as to which proper 
notice of redemption was given.
(ii)
If the Bonds are sold in a negotiated or competitive sale, notice of 
any redemption will also be sent to the Municipal Securities Rulemaking Board (the “MSRB”), 
currently through the MSRB’s Electronic Municipal Market Access system, in the manner required 
by the MSRB, but no defect in said further notice or record nor any failure to give all or a portion 
of such further notice shall in any manner defeat the effectiveness of a call for redemption if notice 
thereof is given as prescribed above.
(iii)
If the Bonds are directly placed with the Purchaser, notice of any 
redemption will be mailed by first class mail, postage prepaid, to the registered owner, at the 
address shown on file with the City, not more than 60 nor less than 30 days prior to the date set 
for redemption.  Failure to properly give notice of redemption shall not affect the redemption of 
any Bond for which notice was properly given.  The Purchaser and the City may agree to 
additional notice provisions in the Direct Purchase Agreement.
(iv)
In all methods of sale of the Bonds, if moneys for the payment of 
the redemption price of the Bonds and accrued interest are not held in separate accounts by the 
City or the Paying Agent prior to sending the notice of redemption, such redemption shall be 
conditional on such moneys being so held on the date set for redemption and if not so held by 
such date, the redemption shall be cancelled and be of no force or effect.
D.
Effect of Call for Redemption.  On the date designated for redemption by 
notice given as herein provided, the Bonds so called for redemption shall become and be due 
and payable at the redemption price provided for redemption of such Bonds on such date, and, if

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moneys for payment of the redemption price are held in separate accounts by the City, a 
depository trustee or Paying Agent, as applicable, interest on such Bonds or portions of such
Bonds so called for redemption shall cease to accrue, such Bonds shall cease to be entitled to 
any benefit or security hereunder and the registered owners of such Bonds shall have no rights 
in respect thereof except to receive payment of the redemption price thereof and such Bonds shall 
be deemed paid and no longer outstanding.
E.
Redemption of Less Than All of a Bond.  Except as otherwise provided by 
the Book-Entry-Only System (if the Bonds are sold in a negotiated or competitive sale), any Bond 
that is to be redeemed only in part shall be surrendered at the corporate trust office of the Paying 
Agent or at the designated office of the City, as applicable, and the City shall execute and the 
Paying Agent or the City, as applicable, shall authenticate and deliver to the registered owner of 
such Bond, without a service charge, a new Bond or Bonds of the same stated maturity and of 
any authorized denomination or denominations as requested by such registered owner in the 
aggregate principal amount equal to and in exchange for the unredeemed portion of the principal 
of the Bond or Bonds so surrendered.
F.
Defeasance.  Any Bond or portion thereof in authorized denominations 
shall be deemed paid and defeased and thereafter shall have no claim on ad valorem taxes levied 
on taxable property in the City if: (i) there is deposited with a bank or comparable financial 
institution, in trust, obligations issued by or guaranteed by the United States government
(“Defeasance Obligations”) or moneys, or both, which, with the maturing principal of and interest 
on such Defeasance Obligations, if any, will be sufficient, as evidenced by a certificate or report 
of an accountant, to pay the principal of, premium, if any, and interest on such Bond or portion 
thereof as the same matures, comes due or becomes payable upon prior redemption and (ii) such 
defeased Bond or portion thereof is to be redeemed, (a) notice of such redemption has been given 
in accordance with provisions hereof, or (b) as applicable, the City has submitted to the Registrar 
and the Paying Agent instructions expressed to be irrevocable as to the date upon which such 
Bond or portion thereof is to be redeemed and as to the giving of notice of such redemption. If 
the maturing principal on the Defeasance Obligations or other moneys, or both, is sufficient to pay 
the principal of, premium, if any, and interest on such Bond or portion thereof as the same 
matures, comes due or becomes payable upon prior redemption, a certificate or report of an 
accountant shall not be required. Bonds, the payment of which has been provided for in 
accordance with this section, shall no longer be deemed payable or outstanding hereunder and 
thereafter such Bonds shall be entitled to payment only from the moneys or Defeasance 
Obligations deposited to provide for the payment of such Bonds.
Section 6.
Security.  For the purpose of paying the principal of, premium (if any), 
interest on and costs of administration of the registration and payment of the Bonds, there shall 
be levied on all taxable property in the City a continuing, direct, annual, ad valorem tax, without 
limit as to rate or amount, sufficient to pay all such principal, interest and administration costs on
the Bonds as the same becomes due, such taxes to be levied, assessed and collected at the 
same time and in the same manner as other taxes are levied, assessed and collected.  The 
proceeds of the taxes shall be kept in a special fund and shall be used only for the purpose for 
which collected.
Section 7.
Form of Bonds.  The Bonds shall be in substantially the form of Exhibit A
attached hereto and incorporated by reference herein, with such necessary and appropriate 
omissions, insertions and variations as are permitted or required hereby or by the Purchase 
Contract and are approved by those officers executing the Bonds; execution thereof by such 
officers shall constitute conclusive evidence of such approval.  As applicable, the Bonds may

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have notations, legends or endorsements required by law, securities exchange rule or usage.  As 
applicable, each Bond shall show both the date of the issue and the date of such Bond’s
authentication and registration.  The Bonds are prohibited from being converted to coupon or 
bearer bonds without the consent of the Council and approval of Bond Counsel.  If the Book-
Entry-Only System is used and at any time discontinued, the Bonds shall be reissued and 
transferred in the form of the Bond to be prepared at that time.
Section 8.
Use of Proceeds.  The net proceeds from the sale of the Bonds shall be 
set aside and deposited by the Chief Financial Officer in a separate account and used by the City
for all or any of the following purposes approved by the Election, in the following estimated 
amounts:
Amount
Election
Purpose
Debt
Limit
$75,000,000
11/5/2024
Public safety improvement projects and 
street and transportation improvement 
projects
20%
The Bonds will be charged against the City’s 20% debt limit as shown above.  
Notwithstanding the foregoing, upon finalizing the Purchase Contract, the Chief Financial Officer
is authorized to change the amounts and use of proceeds set forth above to accurately reflect the 
final terms of the Bonds and the intended uses of the proceeds by the City.  Any such changes 
shall be certified in a closing certificate signed by the Chief Financial Officer.  Further, the Chief 
Financial Officer, in such closing certificate shall allocate such amounts and purposes to the 
maturities and mandatory redemption payments of the Bonds.  The moneys for the purposes as 
stated above or as set forth in the closing certificate of the Chief Financial Officer as to use of 
proceeds shall be applied and used solely for the purposes set forth in the ballot questions
submitted to the qualified electors of the City at the Election.
Any premium received from the sale of the Bonds shall be used for the purpose set forth 
above and to pay the Purchaser’s compensation, if applicable, and any other costs of issuance 
lawfully payable from such premium.  If net premium received from the sale of the Bonds is used 
for the purposes set forth above, such use of net premium shall be in accordance with A.R.S. § 
35-457(D).
Section 9.
Registrar and Paying Agent.
A.
Direct Placement.  If the Bonds are directly placed with the Purchaser, the 
Registrar Contract may not be required as set forth in the Direct Purchase Agreement, and the 
City may function as the registrar and the paying agent for the Bonds.
B.
Competitive or Negotiated Sale.  If the Bonds are sold in a negotiated or 
competitive sale, the City has determined to enter into a Registrar Contract, to be dated as of the 
first day of the month of the dated date of the Bonds, or such other date as set forth in the 
Purchase Contract, by and between the City and U.S. Bank Trust Company, National Association,
acting as bond registrar, transfer agent and paying agent (the “Registrar” and the “Paying Agent,” 
as the case may be), to process the issuance, registration, transfer and payment of the Bonds.
this subsection shall apply.  If the Book-Entry-Only System is discontinued, pursuant to the 
Registrar Contract, the Registrar will maintain an office or agency where Bonds may be presented 
for registration or transfer and the Paying Agent will maintain an office or agency where Bonds 
may be presented for payment.  The Chief Financial Officer may appoint one or more co-registrars

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or one or more additional paying agents.  The Registrar and the Paying Agent may make 
reasonable rules and set reasonable requirements for their respective functions with respect to 
the registered owners of the Bonds.
C.
Registrar and Paying Agent; Changes.  If the Bonds are sold in a 
negotiated or competitive sale, initially, U.S. Bank Trust Company, National Association will act 
as, and is hereby designated as, the Registrar and the Paying Agent with respect to the Bonds.  
An entity into which either or both the Registrar and the Paying Agent is merged or consolidated 
shall continue as the Registrar and the Paying Agent hereunder without notice to the registered 
owners of the Bonds or any further action by the City.  The City may change the Registrar or the 
Paying Agent without notice to or consent of registered owners of the Bonds and the City may act 
in any such capacity.
D.
Moneys Held in Trust.  The Paying Agent, and any subsequent paying 
agent, shall be required to agree in writing that the Paying Agent will hold in trust for the benefit 
of the registered owners of the Bonds all moneys held by the Paying Agent for the payment of 
principal of and interest and any premium on the Bonds.
E.
Authenticating Agent.  The Registrar may appoint an authenticating agent 
acceptable to the City to authenticate Bonds.  An authenticating agent may authenticate Bonds 
whenever the Registrar may do so.  Each reference in this Resolution to authentication by the 
Registrar includes authentication by an authenticating agent acting on behalf and in the name of 
the Registrar and subject to the Registrar’s direction.
F.
Registration and Transfer of Bonds.  The Registrar shall keep a separate 
register for the Bonds.  The register shall show the registered owners of the Bonds and any 
transfer of the Bonds.  When Bonds are presented to the Registrar or a co-registrar with a request 
to register a transfer, the Registrar shall register the transfer on the proper registration books if its 
requirements for transfer are met and shall authenticate and deliver one or more Bonds registered 
in the name of the transferee of the same principal amount, maturity or payment date and rate of 
interest as the surrendered Bonds.  All transfer fees and costs shall be paid by the transferor.
G.
Record Date.  The “Record Date” for the Bonds shall be the close of 
business of the Registrar on the 15th day of the month (other than a Saturday, Sunday or a legal 
holiday or equivalent (other than a moratorium) for banking institutions generally (a “Business 
Day”)) immediately preceding the applicable Interest Payment Date, or if such date is not a 
Business Day, the previous Business Day.  Bonds presented to the Registrar for transfer after the 
close of business on the Record Date and before the close of business on the next subsequent 
Interest Payment Date will be registered in the name of the transferee but the interest payment 
will be made payable to and mailed to the registered owner shown on the books of the Registrar 
as of the close of business on the respective Record Date.
H.
Transfer after Record Date.  The Registrar may, but shall not be required 
to, transfer or exchange any Bonds during the period commencing on the Record Date to and 
including the respective Interest Payment Date.  The Registrar may, but need not, register the 
transfer of a Bond which has been selected for redemption and need not register the transfer of 
any Bond for a period of 15 days before a selection of Bonds to be redeemed; if the transfer of 
any Bond that has been called or selected for call for redemption in whole or in part is registered, 
any notice of redemption that has been given to the transferor will be binding upon the transferee 
and a copy of the notice of redemption will be delivered to the transferee along with the Bond or 
Bonds.  If the Registrar transfers or exchanges Bonds within the period referred to above, interest

6482413.11
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on such Bonds shall be paid to the person who was the registered owner at the close of business 
of the Registrar on the Record Date as if such transfer or exchange had not occurred.
I.
Authentication of Bonds.  The Registrar shall authenticate Bonds for 
original issue in the aggregate principal amount of not to exceed $75,000,000 upon the written 
request of the City. The aggregate principal amount of Bonds outstanding at any time may not 
exceed those amounts except for replacement Bonds as to which the requirements of the 
Registrar and the City are met.
Section 10.
Execution of Bonds and Bond Documents.
A.
Bonds.
(i)
The Bonds shall be executed for and on behalf of the City by the 
Mayor or any member of the Council and attested by the City Clerk by their manual or facsimile 
signatures and the City seal will be either photographically, mechanically reproduced or manually 
imprinted or affixed on the Bonds.  If the signatures are affixed or imprinted by facsimile means, 
the Mayor or any member of the Council and City Clerk shall execute a certificate adopting as 
their signatures the facsimile signatures appearing on the Bonds.  If an officer whose signature is 
on a Bond no longer holds that office at the time the Bond is authenticated and registered, such
Bond shall nevertheless be valid.
(ii)
If the Bonds are sold in a negotiated or competitive sale, no Bond 
shall be valid or binding until authenticated by the manual signature of an authorized 
representative of the Registrar. If the Bonds are directly placed with the Purchaser, no Bond shall 
be valid or binding until authenticated by the manual signature of an authorized officer of the City
unless a Registrar has been appointed and the Bond is authenticated by the manual signature of 
an authorized representative of the Registrar. The signature of the authorized representative of 
the Registrar or the City, as the case may be, shall be conclusive evidence that such Bond has 
been authenticated and issued under this Resolution.
B.
Bond Documents.
(i)
The forms, terms and provisions of the Bond Documents in 
substantially the forms of the Bond Documents (including the exhibits thereto) currently on file 
with the City Clerk or otherwise described herein, are hereby approved, with such insertions, 
deletions and changes as are consistent herewith and as are approved by the officers authorized 
to execute the Bond Documents, which approval will be conclusively demonstrated by the 
execution thereof, and the Mayor, any member of the Council, the City Clerk and the Chief 
Financial Officer (collectively, the “Authorized Officers”) are each hereby authorized and directed 
to execute the Bond Documents, as may be required.
(ii)
The Authorized Officers are each hereby authorized and directed to 
determine and approve the actual dated date, maturity dates and amounts, interest rates, 
redemption provisions, and the purchase price to be paid by the Purchaser, and the terms of the 
Placement Agent Agreement and Direct Purchase Agreement if the Bonds are placed with a 
Purchaser, and to execute and deliver the Bond Documents in substantially the form on file with 
the City Clerk or otherwise approved herein, with such necessary and appropriate omissions, 
insertions and variations as are permitted or required hereby and are approved by those officers 
executing such agreements on behalf of the City.  Execution of the Bond Documents by such 
officers shall be conclusive evidence of such approval.  The City Clerk is authorized and directed

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to attest such signatures.  Where applicable, any of the foregoing officers may affix their 
signatures by manual, mechanical, facsimile or electronic means.
(iii)
In the event the Mayor, any member of the Council or an officer of 
the City is unavailable or unable to discharge any obligation or duty with respect hereto, including 
the approval, execution or attestation of the Bonds or other documents, then any member of the 
Council may act in the capacity of such member or officer for the purpose of discharging such 
obligation or duty.
Section 11.
Mutilated, Lost or Destroyed Bonds.  In case any Bond becomes 
mutilated, destroyed or lost, the Registrar or the City, as applicable, shall cause to be executed 
and delivered a new Bond of like date and tenor in exchange and substitution for and upon the 
cancellation of such mutilated Bond or in lieu of and in substitution for such Bond destroyed or 
lost, upon the registered owner’s paying the reasonable expenses and charges of the City and 
the Registrar, as applicable, in connection therewith and, in the case of the Bond destroyed or 
lost, filing with the City and the Registrar, as applicable, by the registered owner evidence 
satisfactory to the City and the Registrar, as applicable, that such Bond was destroyed or lost, 
and furnishing the City and the Registrar, as applicable, with a sufficient indemnity bond pursuant 
to A.R.S. § 47-8405, as amended.
Section 12.
Acceptance of Offer; Sale of Bonds; Purchase Contract Approval.
A.
Purchase Contract.  As applicable, the Underwriter or the Purchaser shall 
purchase the Bonds pursuant to the form of Bond Purchase Agreement submitted to and on file 
with the City Clerk or Direct Purchase Agreement in the customary form as approved by Bond 
Counsel, as applicable, and such proposal, as supplemented by the final terms as contemplated 
by this Resolution, is hereby authorized and approved.  When the final terms of the Bonds are 
known, the Bond Purchase Agreement or Direct Purchase Agreement, as applicable, shall be 
finalized.  The Authorized Officers are each hereby authorized and directed to cause the Bond 
Purchase Agreement or Direct Purchase Agreement, as applicable, to be completed and 
executed and to finalize the terms thereof, including, but not limited to, establishing the principal 
amount of Bonds sold, the maturity amounts, maturity dates, interest rates and optional and 
mandatory redemption provisions; provided, however, that the parameters of this Resolution shall 
govern the Purchase Contract or Direct Purchase Agreement, as applicable, as finalized; and 
provided further, that none of the Authorized Officers are authorized to insert in the Purchase 
Contract or Direct Purchase Agreement, as applicable, any terms or conditions that would be 
contrary to this Resolution.  Upon the completion, execution and delivery of the Bond Purchase 
Agreement or Direct Purchase Agreement, as applicable, the Bonds are ordered sold to the 
Underwriter or Purchaser.  The execution and delivery of the Purchase Contract or the Direct 
Purchase Agreement, as applicable, as completed, shall be conclusive evidence of such approval 
of the final terms and provisions.
B.
Notice of Sale. If the Bonds are sold through a competitive sale, the form 
of the Notice, in the customary form as approved by Bond Counsel, as drafted by the Financial 
Advisor and approved by the Chief Financial Officer, is hereby approved.  The Authorized 
Officers, with the assistance of the Financial Advisor, are each hereby authorized to complete 
and amend the Notice as may be in the best interest of the City in a manner consistent with the 
terms of this Resolution and thereafter circulate the Notice.  The execution and delivery of the 
Notice as completed shall be conclusive evidence of such approval of the final terms and 
provisions.

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C.
Bond Delivery.  The Chief Financial Officer is hereby authorized and 
directed to cause the Bonds to be delivered to or upon the order of the Purchaser upon receipt of 
payment therefor and satisfaction of the other conditions for delivery thereof in accordance with 
the terms of the Purchase Contract.
Section 13.
Bond Insurance.  With respect to the Bonds, if the Chief Financial Officer 
determines that the purchase of an insurance policy relating to the Bonds is in the best interests 
of the City, the Chief Financial Officer is hereby authorized and directed to purchase such 
insurance policy relating to the Bonds, to pay or cause to be paid all premiums attendant thereto,
and to enter into any obligations or agreements on behalf of the City to repay amounts paid 
thereon by the providers thereof.
Section 14.
Distribution of Disclosure Documents.  
A.
Official Statement.  If applicable, the preparation and dissemination of a 
preliminary official statement relating to the Bonds (the “Preliminary Official Statement”), in 
substantially the form currently on file with the City Clerk, is hereby authorized and approved.  Its 
distribution is hereby authorized and approved and will be used if the Bonds are sold in a 
negotiated or competitive sale.  The Preliminary Official Statement shall be in a form that is 
approved and may be deemed “final” for all purposes of the provisions of Section 240.15c2-12, 
General Rules and Regulations, Securities Exchange Act of 1934 (the “Rule”), by any of the 
Authorized Officers. Any of the Authorized Officers shall approve and cause the Final Official 
Statement, in substantially the form of the Preliminary Official Statement referred to above, to be 
prepared and distributed in connection with the sale of the Bonds.  The Authorized Officers are 
each hereby authorized to execute and deliver the Final Official Statement on behalf of the City
and the execution by such officer shall be deemed conclusive evidence of such approval.
B.
Continuing Disclosure Certificate.  Further, if applicable, to comply with the 
Rule, unless an exemption from the terms and provisions of the Rule is applicable to the Bonds, 
the Authorized Officers are each hereby authorized and directed to prepare, execute and deliver 
on behalf of the City a written agreement or undertaking for the benefit of the Owners (including 
beneficial owners) of the Bonds (the “Continuing Disclosure Certificate”), in substantially the form 
submitted to and on file with the Council.  The Continuing Disclosure Certificate shall contain such 
terms and provisions as are necessary to comply with the Rule including, but not limited to (i) an 
agreement to provide to MSRB the financial information or operating data presented in the Final 
Official Statement, as determined by mutual agreement between the Authorized Officers and the 
Purchaser, and audited financial statements of the City and (ii) an agreement to provide listed 
events disclosure to MSRB.
Section 15.
Tax Covenants.  All or a portion of the Bonds may be issued as “tax-
exempt” bonds or “taxable” bonds for purposes of the Code, as determined by the Chief Financial 
Officer with the assistance of the Financial Advisor. The following covenants shall only apply to 
such Bonds designated by the City as “tax-exempt”.
A.
Covenant to Maintain Tax Exemption.  In consideration of the purchase and 
acceptance of the Bonds by the registered owners thereof and, as authorized by A.R.S., Title 35, 
Chapter 3, Article 7, and in consideration of retaining the exclusion of interest income on such 
Bonds from gross income for federal income tax purposes, the City covenants with the registered 
owners from time to time of the Bonds to neither take nor fail to take any action which action or 
failure to act is within its power and authority and would result in interest income on the Bonds 
becoming subject to inclusion in gross income for federal income taxes.

6482413.11
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B.
Closing Documents.  The Authorized Officers are each hereby authorized 
to execute and deliver all closing documents incorporating the City’s representations necessary 
to exclude the interest on the Bonds from gross income for federal income tax purposes and other 
matters pertaining to the sale of the Bonds as required by Bond Counsel.  The Mayor or Chief 
Financial Officer or a partner of Bond Counsel is authorized to execute and file on behalf of the 
City information reporting returns and to file or deliver such other information as may be required 
by Section 149(e) of the Code.
C.
Rebate Fund; Rebate Payments.  In the event it is necessary to rebate the 
earnings from the investment of the proceeds of the Bonds, the Council hereby authorizes the 
Chief Financial Officer or any agent thereof to create a separate fund to be known as the Rebate 
Fund.  Into such fund shall be deposited any and all moneys deemed necessary to remain in 
compliance with the provisions of Section 148 of the Code, or any regulations promulgated 
thereunder.  Moneys in such fund shall be segregated or (if authorized in writing by an opinion of 
Bond Counsel) commingled with other moneys of the City.  In the event such Rebate Fund is 
created, the Chief Financial Officer is ordered and directed to employ or engage one or more 
arbitrage rebate consultants to make, as necessary, any calculations in respect of rebates to be 
paid to the United States of America in accordance with Section 148 of the Code.  The Authorized 
Officers are each hereby authorized to make any applicable elections necessary to avoid the 
rebate to the federal government of certain of the investment earnings attributable to the Bonds
and is further authorized and directed to pay any amounts necessary to the United States, as 
arbitrage rebate(s).
D.
Further Acts.  The City agrees that it will comply with such requirements 
and will take any such actions as in the opinion of Bond Counsel are necessary to prevent interest 
income on the Bonds from becoming subject to inclusion in gross income for federal income tax 
purposes.  Such requirements may include but are not limited to: making further specific 
covenants; making truthful certifications and representations and giving necessary assurances; 
complying with all representations, covenants and assurances contained in certificates or 
agreements to be prepared by Bond Counsel; paying to the United States of America any required 
amounts representing yield reduction payments or rebates of arbitrage profits relating to the 
Bonds; filing forms, statements and supporting documents as may be required under the federal 
tax laws; limiting the term of and yield on investments made with moneys relating to the Bonds; 
and limiting the use of the proceeds of the Bonds and property financed thereby.
E.
Authorized Representatives.  The Council hereby authorizes and directs 
the Chief Financial Officer, or designee, to represent and act for the City in all matters pertaining 
to the City’s tax-exempt bonds, as may be necessary to comply, on a continuing basis, with the 
Internal Revenue Service, Securities and Exchange Commission and other governmental entities’ 
requests, reporting requirements and post issuance compliance policies and matters.
Section 16.
Resolution a Contract.  This Resolution shall constitute a contract 
between the City and the registered owners of the Bonds and shall not be repealed or amended 
in any manner that would impair, impede or lessen the rights of the registered owners of the 
Bonds then outstanding. The performance by the Council of the obligations in this Resolution, 
the Bonds and the Bond Documents is hereby authorized and approved, and it is ordered and 
directed to execute, deliver and perform such agreements.
Section 17.
Severability.  If any section, paragraph, subdivision, sentence, clause or 
phrase of this Resolution is for any reason held to be illegal, invalid or unenforceable, such 
decision will not affect the validity of the remaining portions of this Resolution. The Council hereby

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declares that it would have adopted this Resolution and each and every other section, paragraph, 
subdivision, sentence, clause or phrase hereof and authorized the issuance of the Bonds 
pursuant hereto irrespective of the fact that any one or more sections, paragraphs, subdivisions, 
sentences, clauses or phrases of this Resolution may be held illegal, invalid or unenforceable.
Section 18.
Other Actions Necessary; Ratification of Actions; Consent.  The 
Authorized Officers shall take all action necessary or reasonably required to carry out, give effect 
to and consummate the transactions contemplated by this Resolution and the Bond Documents, 
including without limitation, the execution and delivery of the closing and other documents 
required to be delivered in connection with the sale and delivery of the Bonds.  (The persons who 
shall so take such actions shall be the persons holding such offices at the time of the initial 
issuance and delivery of the Bonds.)  The Chief Financial Officer may agree, on behalf of the City, 
to provide annual continuing disclosure regarding the City to the Purchaser and such parties as 
the Purchaser may request and to use the services of a dissemination agent to satisfy such
request.  All actions of the officers and agents of the City that conform to the purposes and intent 
of this Resolution and that further the issuance and sale of the Bonds as contemplated by this 
Resolution whether heretofore or hereafter taken shall be and are hereby ratified, confirmed and 
approved. The Council hereby acknowledges Gust Rosenfeld P.L.C.’s representation of the 
Underwriter in matters not involving the City or the Bonds and hereby consents to the 
representation of the City in the matters set forth in this Resolution.
Section 19.
Cancellation of Agreement.  The City hereby gives notice to the 
Registrar, the Paying Agent and the Underwriter or Purchaser, as applicable, that A.R.S. § 38-
511, provides that, within three years after execution of any agreement, the City may cancel such 
agreement without penalty or further obligation if any person significantly involved in initiating, 
negotiating, securing, drafting or creating the agreement on behalf of the City or any of its 
departments or agencies is at any time while the agreement or any extension of the agreement 
is in effect an employee or agent of the other party to the agreement in any capacity or a consultant 
to such other party with respect to the subject matter of the agreement.
Section 20.
Waiver of Inconsistency. All orders, resolutions and ordinances or parts 
thereof inconsistent herewith are hereby waived to the extent only of such inconsistency. This 
waiver shall not be construed as reviving any order, resolution or ordinance of any part thereof.
Section 21.
Limitation on Repeal of Resolution.  After any of the Bonds are 
authenticated and delivered by the Registrar to the Underwriter, or by the City to the Purchaser, 
as applicable, upon receipt of payment therefor, this Resolution shall be and remain irrepealable 
until the Bonds and the interest thereon have been fully paid, canceled and discharged.
Section 22.
Written Procedures to Comply with the Rule.  The implementation by 
City staff of the Continuing Disclosure Compliance Procedures Regarding the Securities and 
Exchange Commission’s Rule 15c2-12 in substantially the form attached hereto as Exhibit B is 
hereby ratified, and City staff shall follow the procedures set forth therein as it relates to current 
and future continuing disclosure compliance procedures required by the Bonds, or any other 
bonds or obligations of the City.
Section 23.
Issuance and Post-Issuance Compliance Procedures.  The form of the 
Issuance and Post-Issuance Compliance Procedures Relating to Tax-Exempt Bonds and Other 
Tax-Exempt Financings in substantially the form attached hereto as Exhibit C is hereby approved,
to supersede the previously-adopted issuance and post-issuance compliance procedures, and 
City staff shall follow the procedures set forth therein as it relates to issuance and post-issuance

6482413.11
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compliance procedures required by the Bonds, or any other bonds or tax-exempt obligations of 
the City.
Section 24.
Budget Transfer Authorization.  Pursuant to this Resolution, any budget 
transfer necessary related to the sale, issuance and delivery of the Bonds and initial debt service 
of the Bonds are hereby authorized and approved.
[Signatures on following page]

6482413
PASSED AND ADOPTED by the Mayor and Council of the City of Buckeye, Arizona, this
6th day of May, 2025.
___________________________________
Eric W. Orsborn, Mayor
ATTEST:
_______________________________________
Lucinda J. Aja, City Clerk
APPROVED AS TO FORM:
_______________________________________
Gust Rosenfeld P.L.C., Bond Counsel
EXHIBITS:
A – Bond Form
B – Continuing Disclosure Compliance Procedures 
C – Issuance and Post-Issuance Compliance Procedures
CERTIFICATION
I, Lucinda J. Aja, the duly appointed and acting City Clerk of the City of Buckeye, Arizona, 
do hereby certify that the above and foregoing Resolution No. 18-25 was duly passed by the
Mayor and Council of the City of Buckeye, Arizona, at a regular meeting held on May 6, 2025, 
and the vote was ____ aye’s, ___ nay’s, _____ abstained and _____ were absent, and that the 
Mayor and ____ Council Members were present thereat.
___________________________________
City Clerk

6482413.11
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EXHIBIT A
(Form of the Bond)
Number:  R-____
Denomination:  $___________
[If the Bonds are sold in a public offering - Unless this bond is presented by an authorized representative of The Depository Trust 
Company, a New York corporation (“DTC”), to the City or its agent for registration of transfer, exchange, or payment, and any bond 
issued is registered in the name of Cede & Co. or in such other name as is requested by an authorized representative of DTC (and 
any payment is made to Cede & Co. or to such other entity as is requested by an authorized representative of DTC), any transfer, 
pledge, or other use hereof for value or otherwise by or to any person is wrongful inasmuch as the registered owner hereof, Cede & 
Co., has an interest herein.]
[If the Bonds are privately placed – RESTRICTIONS ON TRANSFER. THIS BOND MAY BE TRANSFERRED ONLY IN WHOLE, 
OR IN PART, AND ONLY TO A “QUALIFIED INVESTOR,” WHICH MEANS A “QUALIFIED INSTITUTIONAL BUYER,” AS SUCH 
TERM IS DEFINED IN RULE 144A OF THE SECURITIES ACT OF 1933, AS AMENDED, OR AN “ACCREDITED INVESTOR” 
(EXCLUDING NATURAL PERSONS) AS DEFINED IN RULE 501(A)(1), (2), (3) OR (7) OF THE SECURITIES ACT OF 1933, AS 
AMENDED, WHO EXECUTES THE CERTIFICATE OF QUALIFIED INVESTOR, THE FORM OF WHICH IS ATTACHED HERETO.]
CITY OF BUCKEYE, ARIZONA
GENERAL OBLIGATION BOND,
SERIES 2025
[If the Bonds are sold in a public offering]
Interest Rate
Maturity Date
Original Dated Date
CUSIP No.
____%
[     ] 1, 20__
________, 2025
______
Registered Owner:   Cede & Co.
Principal Amount: [________________ AND NO/100 DOLLARS ($__________)]
[If the Bonds are privately placed]
Interest Rate
Maturity Date
Original Dated Date
____%
[     ] 1, 20__
________, 2025
Registered Owner: [___________]
Principal Amount: [________________ AND NO/100 DOLLARS ($__________)]
CITY OF BUCKEYE, ARIZONA (the “City”), for value received, hereby promises to pay 
to the registered owner identified above, or registered assigns as provided herein, on the maturity 
date set forth above, the principal amount set forth above, and to pay interest on the unpaid 
principal amount at the interest rate shown above.
[The bonds maturing on or before [     ] 1, [20__], are not subject to call for redemption 
prior to their stated maturity dates.  Bonds maturing on or after [     ] 1, [20__] are subject to call 
for redemption prior to their stated maturity dates, at the option of the City, in whole or in part on 
[     ] 1, [20__], or on any date thereafter by the payment of a redemption price equal to the principal 
amount of each bond called for redemption plus accrued interest to the date fixed for redemption, 
but without premium.]

6482413.11
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Interest is payable on January 1 and July 1 of each year commencing [January 1, 20__], 
and will accrue from the most recent date to which interest has been paid, or, if no interest has 
been paid, from the original dated date set forth above.  Interest will be computed on the basis of 
a year comprised of 360 days consisting of 12 months of 30 days each.
Principal of and interest on this bond are payable in lawful money of the United States of 
America.  Interest payments and principal payments that are part of periodic principal and interest 
payments shall be received by Cede & Co., as nominee of DTC, or its registered assigns in same-
day funds no later than the time established by DTC on each interest or principal payment date 
(or in accordance with existing arrangements between the City and DTC).
The “Record Date” for this bond shall be the close of business of the Registrar on the 15th 
day of the month (other than a Saturday, Sunday or a legal holiday or equivalent (other than a 
moratorium) for banking institutions generally (a “Business Day”)) immediately preceding the 
applicable Interest Payment Date, or if such date is not a Business Day, the previous Business 
Day.
[if bonds are privately placed - Interest payments and principal payments that are part of 
periodic principal and interest payments shall be received by the registered owner hereof, as 
shown on the registration books maintained by the City, at the address appearing therein at the 
close of business on the 15th day of the month next preceding the interest payment date. Annual 
payments of principal represented by mandatory sinking fund installments shall not require the 
surrender of this bond.]
It is hereby certified and recited that all conditions, acts and things required by the 
Constitution and laws of the State of Arizona to exist, to occur and to be performed precedent to 
and in the issuance of this bond exist, have occurred and have been performed and that the issue
of bonds of which this is one, together with all other indebtedness of the City, is within every debt 
and other limit prescribed by the Constitution and laws of the State of Arizona, and that due 
provision has been made for the levy and collection of a direct, annual, ad valorem tax upon all 
of the taxable property in the City for the payment of this bond and of the interest hereon as each 
becomes due.
This bond is one of a series of general obligation bonds in the aggregate principal amount 
of [$___________] of like tenor except as to amount, maturity date, redemption provisions, 
interest rate, series designation and number, issued by the City to provide funds to make those 
certain acquisitions and public improvements approved by a majority vote of qualified electors 
voting at an election duly called and held in and for the City, pursuant to a resolution of the City
Council duly adopted prior to the issuance hereof (the “Resolution”), and pursuant to the 
Constitution and laws of the State of Arizona relative to the issuance and sale of general obligation 
bonds, and all amendments thereto, and all other laws of the State of Arizona thereunto enabling.
For the punctual payment of this bond and the interest hereon and for the levy and 
collection of ad valorem taxes on all taxable property within the City sufficient for that purpose, 
the full faith and credit of the City are hereby irrevocably pledged.
So long as the book-entry-only system is in effect, notices of redemption will be sent to 
DTC in the manner required by DTC.  If the book-entry-only system is discontinued, notice of 
redemption of any bond shall be filed with the registrar and mailed to the registered owner of the 
bond or bonds being redeemed at the address shown on the books of the registrar not more than 
60 days nor less than 30 days prior to the redemption date.  Notice of redemption may be sent to

6482413.11
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any securities depository by mail, facsimile transmission, wire transmission or any other means 
of transmission of the notice generally accepted by the respective securities depository.  Notice 
of any redemption will also be sent to the Municipal Securities Rulemaking Board (the “MSRB”), 
currently through the MSRB’s Electronic Municipal Market Access system, in the manner required 
by the MSRB. Failure to properly give notice of redemption shall not affect the redemption of any 
bond for which notice was properly given. If moneys for the payment of the redemption price and 
accrued interest are not held in separate accounts by the City or the paying agent prior to sending 
the notice of redemption, such redemption shall be conditional on such moneys being so held on 
the date set for redemption and if not so held by such date, the redemption shall be cancelled and 
the notice shall be of no force and effect.  When so called for redemption, the bonds will cease to 
bear interest on the date fixed for redemption if on that date sufficient funds for such redemption 
are on deposit at the place of payment.
The registrar or the paying agent on the original issue date is [_________].  The registrar 
or the paying agent may be changed by the City without notice.
So long as the book-entry-only system is in effect, this bond is non-transferable. If the 
book-entry-only system is discontinued, this bond is transferable by the registered owner in 
person or by attorney duly authorized in writing at the designated office of the registrar upon 
surrender and cancellation of this bond, but only in the manner and subject to the limitation on 
transfer and upon payment of the charges provided in the Resolution. Upon such transfer a new 
bond or bonds of the same aggregate principal amount, maturity and interest rate will be issued 
to the transferee in exchange. The registrar may require an owner, among other things, to furnish 
appropriate endorsements and transfer documents and to pay any taxes and fees required by law 
or permitted by the authorizing resolution. Should this bond be submitted to the registrar for 
transfer during the period commencing after the close of business on the Record Date and 
continuing to and including the next subsequent interest payment date, ownership will be 
transferred in the normal manner but the interest payment will be made payable to and mailed to 
the registered owner as shown on the registrar’s books at the close of business on the Record 
Date.
The registrar may, but need not, register the transfer of this bond if it has been selected 
for redemption and need not register the transfer of this bond for a period of 15 days before 
selection of this bond to be redeemed; if the transfer of this bond, after it has been called or 
selected for call for redemption in whole or in part, is registered, any notice of redemption that has 
been given to the transferor will be binding upon the transferee and a copy of the notice of 
redemption will be delivered to the transferee along with this bond.  If the registrar transfers or 
exchanges this bond within the period referred to above, interest on this bond shall be paid to the 
person who was the owner at the close of business of the registrar on the Record Date as if such 
transfer or exchange had not occurred.
Notwithstanding any provisions hereof or of the Resolution, however, the obligation of the 
City to make money available to pay this bond may be defeased by the deposit of money and/or 
certain direct or indirect Defeasance Obligations (as such term is defined in the Resolution) 
sufficient for such purpose as described in the Resolution.
[Bonds of this series are issuable only in fully registered form in the denomination of 
$5,000 of principal or integral multiples thereof.] [This bond shall be issued in denominations of 
$100,000 or integral multiples of $1,000 in excess thereof and shall be issued in fully registered 
form.]

6482413.11
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[if bonds are privately placed - Notwithstanding any other provision of this Bond to the contrary, 
this Bond is nontransferable unless the transferee or transferees provide the registrar and paying 
agent a completed certificate of qualified investor in the form included in this Bond.]
[This bond may be transferred only in whole, or in part, in denominations of $100,000 of 
principal each or integral multiples of $1,000 in excess thereof to a “Qualified Investor,” which 
means a “qualified institutional buyer,” as such term is defined in Rule 144A, of the Securities Act
of 1933, as amended (the “Securities Act”) or an “accredited investor” (excluding natural persons) 
as defined in Rule 501(a)(1), (2), (3) or (7) under the Securities Act, who executes a Certificate of 
Qualified Investor in the form attached hereto as Exhibit I, and who agrees to comply with all 
applicable federal and state securities laws.]
The City, the registrar and the paying agent may treat the registered owner of this bond 
as the absolute owner for the purpose of receiving principal and interest and for all other purposes 
and none of them shall be affected by any notice to the contrary.
The City has caused this bond to be executed by the Mayor and attested by the City Clerk,
which signatures may be manual or facsimile signatures, and the City seal has been 
photographically, mechanically or manually imprinted, affixed or reproduced on this bond.  This 
bond is not valid or binding upon the City without the manually affixed signature of an authorized 
representative of the registrar.  This bond is prohibited from being issued in coupon or bearer 
form without the consent of the City and the occurrence of certain other conditions.
CITY OF BUCKEYE, ARIZONA
______________________________________
Mayor
ATTEST:
City Clerk
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6482413.11
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DATE OF AUTHENTICATION AND REGISTRATION: _______________
CERTIFICATE OF AUTHENTICATION
This bond is one of the City of Buckeye, Arizona, General Obligation Bonds, Series 2025, 
described in the Resolution mentioned herein.
[____________], as Registrar
Authorized Representative
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[(INSERT INSURANCE STATEMENT HERE, IF APPLICABLE)]
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- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -

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FORM OF ASSIGNMENT
The following abbreviations, when used in the inscription on the face of this bond, 
shall be construed as though they were written out in full according to applicable laws or 
regulations:
TEN COM - as tenants in common
UNIF GIFT/TRANS MIN ACT-____Custodian____
TEN ENT - as tenants by the entireties
                                                     (Cust)               (Minor)
JT TEN - as joint tenants with right of survivorship
under Uniform Gifts/Transfers to Minors Act_______     
               and not as tenants in common
                                                            (State)
Additional abbreviations may also be used though not in list above.
ASSIGNMENT
FOR VALUE RECEIVED the undersigned, subject to the transfer restrictions 
described in the within bond, hereby sells, assigns and transfers unto (print or typewrite name, 
address, and zip code of transferee):
(Name and Address of Transferee)
the within bond and all rights thereunder, and hereby irrevocably constitutes and appoints (print 
or 
typewrite 
name 
of 
attorney)
____________________________________________
______________, attorney, to transfer the within bond on the books kept for registration thereof, 
with full power of substitution in the premises.
Dated _______________________
Signature Guaranteed:
_______________________________
_____________________________________
      Firm or Bank
_____________________________________
     Authorized Signature
Signature guarantee should be made by a 
guarantor institution participating in the 
Securities Transfer Agents Medallion Program 
or in such other program acceptable to the 
Registrar.
Note: The signature(s) on this assignment 
must correspond with the name(s) as 
written on the within registered bond in 
every particular without alteration or 
enlargement or any change whatsoever.
ALL FEES AND TRANSFER COSTS SHALL BE PAID BY THE TRANSFEROR

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EXHIBIT 1
[FORM OF CERTIFICATE OF QUALIFIED INVESTOR]
CITY OF BUCKEYE, ARIZONA
Re:
$[________] City of Buckeye, Arizona General Obligation Bond, Series 2025
1.
Please be advised that the undersigned is a Qualified Investor (as hereinafter 
defined) and is purchasing directly the above-captioned bond (hereinafter referred to as the 
“Bond”), such Bond being in the original aggregate principal amount of $[________], bearing the 
number R-1.  Such purchase is solely for the account of the undersigned, for the purpose of 
investment and not with a present intent for or view to distribution or resale.
2.
In the event that the undersigned transfers such Bond, the undersigned shall 
comply with all provisions of the resolution of City of Buckeye, Arizona (the “City”) authorizing the 
issuance of the Bond, adopted on ____________, 2025 (the “Resolution”).  The undersigned 
understands that, unless the Mayor and City Council of the City terminates the transfer restrictions 
described in the Resolution and herein, a transferee shall be a Qualified Investor (as defined
herein), and must sign a letter substantially in the form of this letter and promptly provide such 
letter to the City before any transfer of the Bond to such transferee will be registered.  
3.
The undersigned acknowledges that it is a “qualified institutional buyer,” as such 
term is defined in Rule 144A of the Securities Act of 1933, as amended (the “Securities Act”), or 
an “accredited investor” (other than a natural person) as defined in Rule 501(a)(1), (2), (3) or (7) 
of the Securities Act) (either of which shall constitute a “Qualified Investor”).
4.
The undersigned understands that:  (i) the Resolution and the Bond are not being 
registered under the Securities Act, in reliance upon certain exemptions set forth in that act, (ii) the 
Resolution and the Bond are not being registered or otherwise qualified for sale under the “blue 
sky” laws and regulations of the State of Arizona or any other state, (iii) any transfer of the Bond 
must comply with federal and state securities laws, (iv) any sale or transfer of the Bond, or 
interests therein, must be to Qualified Investors, (v) the Bond will not be listed on any stock or 
other securities exchange, (vi) the Bond will not carry any bond rating from any rating service, (vii) 
the Bond is not likely to be readily marketable, and (viii) the Resolution is not being qualified under 
the Trust Indenture Act of 1939, as amended, in reliance upon certain exemptions set forth in that 
act.
5.
The undersigned assumes all responsibility for complying with any applicable 
federal and state securities laws with respect to any transfer of the Bond or an interest therein by 
the undersigned, and agrees to hold the City harmless for, from and against any and all liabilities 
claims, damages or losses resulting directly or indirectly from such undersigned’s failure to 
comply.
6.
The undersigned acknowledges that the undersigned has had an opportunity and 
has obtained all information necessary and has evaluated the factors associated with its purchase 
decision and after such evaluation, the undersigned understood and knew that the purchase of 
the Bond involved certain risks, including, but not limited to, the probable lack of any secondary 
market for the Bond.  The undersigned acknowledges that it is experienced in transactions such 
as those relating to the Bond and that the undersigned is knowledgeable and fully capable of

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independent evaluation of the risks involved in purchasing the Bond.  Other than information 
specifically provided by the City, the undersigned is not relying on the City in making its decision 
to purchase the Bond.
7.
The undersigned acknowledges that the City and the respective officers, directors, 
council members, advisors, employees and agents thereof have not undertaken to furnish, nor 
has the undersigned requested, any information to ascertain the accuracy or completeness of any 
information that may have been furnished by any other party.
8.
This certificate and all rights and responsibilities described in it shall be governed 
by, and interpreted in accordance with, the laws of the State of Arizona.  The federal and state 
courts of the State of Arizona shall have sole and exclusive jurisdiction over any dispute arising 
from the purchase and sale of the Bond.
Dated: ___________.
[PURCHASER]
By:
_________________________________
Printed Name:___________________________
Title:
_________________________________

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EXHIBIT B
CONTINUING DISCLOSURE COMPLIANCE PROCEDURES REGARDING
THE SECURITIES AND EXCHANGE COMMISSION’S RULE 15c2-12
FOR THE CITY OF BUCKEYE, ARIZONA
Date of Implementation: April 18, 2025.
In connection with its issuance of bonds or other obligations, the City of Buckeye, Arizona
of Maricopa County, Arizona (the “City”) has adopted and/or will adopt a Continuing Disclosure 
Certificate in connection with each series of publicly sold bonds or obligations (each a “Certificate” 
and collectively, the “Certificates”). The Certificates require the City to file annually audited 
financial statements and certain financial and operating information and operating data (the 
“Annual Reports”), as well as to report certain financial events. The procedures described below 
(the “Procedures”) are intended to help the City maintain compliance with the Certificates.  The 
City may have other reporting obligations in connection with various loans and privately sold 
bonds or obligations; these Procedures are not intended to apply to requirements related to 
transactions for which no Certificate was adopted. 
1.
Responsible Officers and Employees
The implementation and consistent execution of these procedures are extremely 
important. One employee of the City should be given primary responsibility for compliance with 
these Procedures (the “Disclosure Coordinator”), and at least two employees (who may include 
the Disclosure Coordinator, referred to herein collectively as the “Disclosure Officials”) should be 
familiar with and trained to implement these Procedures at all times. When Disclosure Officials 
end their employment with the City, new Disclosure Officials should be named in their place. 
Typically, this responsibility will be assigned based on role or title, but the City may assign 
responsibility to any appropriate employee. New Disclosure Officials should be briefed on the 
Certificates, dates, reports, and reminder systems described in these Procedures.
As of the Date of Implementation, the Disclosure Officials are the City’s:
Chief Financial Officer (Disclosure Coordinator)
Special Districts and Debt Manager
Senior Accountant
2.
Active Certificates and Financial Obligations
The City is obligated to comply with the requirements of a Certificate from the time the 
City adopts the Certificate until the earlier of (i) the date that the last of the bonds or obligations 
listed in the Certificate are paid or (ii) the date that the bonds or obligations listed in the Certificate 
are defeased or refunded. Certificates between these two dates are “Active Certificates”. As of 
the Date of Implementation, the City has or expects to have the Active Certificates listed in 
Schedule I.
The Certificates entered into after February 26, 2019, require disclosure of facts relating 
to certain financial obligations (see Section 4 below). For purposes of these Procedures, 
“Financial Obligation” means, with the exception of bonds or obligations for which the City 
provided a final official statement to the Municipal Securities Rulemaking Board (“MSRB”)

6482413.11
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consistent with the United States Securities and Exchange Commission’s Rule 15c2-12 (the 
“Rule”):
(i)
a debt obligation; 
(ii)
a derivative instrument entered into in connection with, or pledged as security or a 
source of payment for, an existing or planned debt obligation; or 
(iii)
a guarantee of (i) or (ii)1.  
“Active Financial Obligations” are those Financial Obligations which are enforceable 
against the City and for which the City has not already made all required payments. A list of Active 
Financial Obligations, in the form set forth in Schedule II, is on file with the City.
The Disclosure Coordinator should maintain an updated list of Active Certificates and 
Active Financial Obligations, including the information listed in Schedules I and II, and review the 
list periodically to ensure accuracy. When the City enters into a new Financial Obligation, the 
Disclosure Coordinator will ensure timely reporting (see Section 4 below), as applicable. 
3.
Annual Reports
Compliance with the Certificates includes ensuring that all the tables and information 
required by Section 4 of the Certificates are included in the Annual Reports. Such information 
may be included as a part of the City’s Annual Comprehensive Financial Report (“ACFR”) or may 
be filed separately. In each case, the ACFR and any additional information required by the 
Certificates should be filed no later than the reporting date listed within each Certificate (the 
“Annual Reporting Date”) of each fiscal year while the City’s bonds or obligations require such 
Annual Reports.
To ensure that the Annual Reports are submitted in a timely manner, the earliest Annual 
Reporting Date should be put into a reminder system, such as a docket, diary or tickler, which is 
maintained by a minimum of two people (typically, the Disclosure Officials). When those listed on 
the reminder system leave the City’s employment, new names must be added. 
The MSRB allows the City to schedule automated e-mail reminders for these Annual 
Reports through its Electronic Municipal Market Access system (“EMMA”).  The City can add up 
to three e-mail recipients, so the Disclosure Officials and/or other staff may be included on the 
reminders.
Note:  Some issuers of bonds or obligations engage an auditor or a dissemination agent 
to make the EMMA filings.  If the City has such an agreement, the City is still responsible if the 
auditor or dissemination agent fails to timely file the required Annual Report.  Thus, even if the 
auditor or dissemination agent agrees to make the required filings, the City must comply with the 
Annual Reporting Date and inquire of the City’s auditor or dissemination agent to determine if the 
filing deadline will be, and ultimately is, met.  If there is a substantial risk that the deadline will not 
be met, it is the City’s responsibility – not that of the City’s auditor or dissemination agent – to file 
a notice with EMMA indicating that the deadline will not be met and an estimate as to when the 
Annual Report will be filed.  If audited financial statements are not available by the Annual 
Reporting Date, unaudited financial statements must be filed by the Annual Reporting Date until 
                                                
1 See Securities and Exchange Commission Release No. 34-83885, effective October 30, 2018, for 
additional information.

6482413.11
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audited financial statements are available.  Such unaudited financial statements may be filed 
separately or together with the other financial and operating data.
4.
Listed Events
The City is required to file notices of “Listed Events” with EMMA within ten (10) business 
days of such events or occurrences.  Please note that Listed Events enumerated in the City’s 
existing and future Certificates may differ. The City should provide notice of the Listed Events 
from all Certificates. Typically, the most recent Certificate will provide the broadest requirements
and can serve as a reference. Required Listed Events are defined by the Rule, which may be 
revised or amended in the future. As a result, future Certificates may require the reporting of a 
different set of Listed Events. The City should check with its bond counsel at the time future bonds 
or obligations are issued to determine if the Listed Events have been changed and if the later 
Certificate differs from the City’s current Certificates.  The Listed Events that require notice are 
listed in Section 5 of the Certificates. Currently, the Rule requires reporting of the following Listed 
Events:
1.
Principal and interest payment delinquencies;
2.
Non-payment related defaults, if material;
3.
Unscheduled draws on debt service reserves reflecting financial difficulties;
4.
Unscheduled draws on credit enhancements reflecting financial difficulties;
5.
Substitution of credit or liquidity providers, or their failure to perform;
6.
Adverse tax opinions, the issuance by the Internal Revenue Service (the “IRS”) of 
proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 
5701-TEB) or other material notices or determinations with respect to the tax status 
of the securities, or other material events affecting the tax status of the securities;
7.
Modifications to rights of  security holders, if material;
8.
Bond calls, if material, and tender offers;
9.
Defeasances;
10.
Release, substitution, or sale of property securing repayment of the securities, if 
material;
11.
Rating changes;
12.
Bankruptcy, insolvency, receivership or similar event of the City2;
13.
The consummation of a merger, consolidation, or acquisition involving the City or 
the sale of all or substantially all of the assets of the City, other than in the ordinary 
course of business, the entry into a definitive agreement to undertake such an 
action nor the termination of a definitive agreement relating to any such actions, 
other than pursuant to its terms, if material;
14.
Appointment of a successor or additional trustee or the change of name of a 
trustee, if material;
                                                
2 For the purposes of the event identified in Section 4(12), the event is considered to occur when any 
of the following occur:  the appointment of a receiver, fiscal agent or similar officer for the City in a 
proceeding under the U.S. Bankruptcy Code or in any other proceeding under state or federal law in 
which a court of governmental authority has assumed jurisdiction over substantially all of the assets 
or business of the City, or if such jurisdiction has been assumed by leaving the existing governing 
body and officials or officers in possession but subject to the supervision and orders of a court or 
governmental authority, or the entry of an order confirming a plan of reorganization, arrangement or 
liquidation by a court or governmental authority having supervision or jurisdiction over substantially all 
of the assets or business of the City.

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15.
The incurrence of a Financial Obligation of the City, if material, or agreement to 
covenants, events of default, remedies, priority rights, or other similar terms of a 
Financial Obligation of the City, any of which affect security holders, if material; 
and
16.
A default, event of acceleration, termination event, modification of terms, or other 
similar events under the terms of a Financial Obligation of the City, any of which 
reflect financial difficulties.
“Materiality” will be determined in accordance with the applicable federal securities laws.
Whenever any officer or employee of the City becomes aware of any event that may 
qualify as a Listed Event, the officer or employee should immediately notify the Disclosure 
Officials in order to facilitate prompt filing of a notice. If the Disclosure Officials are uncertain as 
to whether an event qualifies as a Listed Event, including whether a transaction qualifies as a 
Financial Obligation, or whether an event or Financial Obligation is material, they should contact 
bond counsel.

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SCHEDULE I
TO
CONTINUING DISCLOSURE COMPLIANCE PROCEDURES REGARDING
THE SECURITIES AND EXCHANGE COMMISSION’S RULE 15c2-12
FOR THE CITY OF BUCKEYE, ARIZONA
The City has the following Active Certificates as of the Date of Implementation.
Series of Bonds or Obligations
Certificate Date
Annual 
Reporting 
Date
Final Maturity 
Date
Excise Tax Revenue Obligations, Series 
2015
07/14/2015
February 1
07/01/2045
Water and Sewer System Senior Revenue 
Bonds, Series 2015
04/02/2015
February 1
07/01/2044
Excise Tax Revenue Refunding Obligations, 
Series 2016
04/05/2016
February 1
07/01/2036
Excise Tax Revenue Obligations, Series 
2024A
03/21/2024
February 1
07/01/2044
Water and Sewer Systems Senior Revenue 
Bonds, Series 2015
04/02/2015
February 1
07/01/2044
Jackrabbit Trail Sanitary Sewer Improvement 
District Improvement Bonds, Series 2009
12/10/2009
January 1
01/01/2029
Roosevelt 
Street 
Improvement 
District 
Improvement Bonds, Series 2018
06/20/2018
February 1
01/01/2038
The City expects to adopt the following Certificates.
Series of Bonds or Obligations
Certificate Date*
Annual 
Reporting 
Date
Final 
Maturity Date*
Excise Tax Revenue Refunding Obligations, 
Series 2025
TBD
February 1
TBD
General Obligation Bonds, Series 2025
TBD
February 1
TBD
*Anticipated

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SCHEDULE II
TO
CONTINUING DISCLOSURE COMPLIANCE PROCEDURES REGARDING
THE SECURITIES AND EXCHANGE COMMISSION’S RULE 15c2-12
FOR THE CITY OF BUCKEYE, ARIZONA
Name of Obligation:
Dated:
Original Principal Amount:
Interest Rate:*
Final Payment Date:
Other Material Terms:
Amortization Schedule
Maturity
Principal
Interest
*If variable, include method of computation.
Name of Obligation:
Dated:
Original Principal Amount:
Interest Rate:*
Final Payment Date:
Other Material Terms:
Amortization Schedule
Maturity
Principal
Interest
*If variable, include method of computation.

6482413.11
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APPENDIX
TO
CONTINUING DISCLOSURE COMPLIANCE PROCEDURES REGARDING
THE SECURITIES AND EXCHANGE COMMISSION’S RULE 15c2-12
FOR THE CITY OF BUCKEYE, ARIZONA
The following materials are intended to serve as a quick reference for Disclosure Officials. 
The EMMA website is subject to modification by the MSRB. The City’s Disclosure Officials should 
update this information as necessary.
The City’s CUSIP–6 numbers: 118084; 118087; 118111; 118089; and 11808P.
How to schedule alerts for Annual Reports:
To schedule the alerts, access EMMA at www.emma.msrb.org and click on the EMMA Dataport tab.  
Click on the “Login” button and enter your login information (User ID and password).  From the 
Continuing Disclosure tab of the EMMA Dataport Submission Portal, click on “Schedule and manage 
e-mail reminders for recurring financial disclosures.”  Click the “Create Reminder” link to access the 
scheduling form.
How to file notices of “Listed Events” with EMMA:
First, please save the Listed Events notice on your computer in a PDF, word-searchable 
format.  You will also need the information contained in the Listed Events notice, so please print out 
a copy of the Listed Events notice.
1.
Login to EMMA at http://dataport.emma.msrb.org/
2.
Click CREATE Continuing Disclosure Submission
3.
Check Event Filing, click Next
4.
Check “Type of Event” – In the description box type: “[type of notice]”
5.
Check “I don’t know my CUSIP–9s” and then use the City’s base CUSIP number to 
find the affected bonds or obligations
6.
Check “all issues for issuer”, click Next
7.
Click upload
8.
Update contact information, if necessary
9.
Upload the Listed Events notice
10.
Click preview
11.
Publish the documents to EMMA
12.
Print receipt and save in your bond documents for the life of the bonds or obligations
Please note there is only a limited save option on EMMA.  Therefore, the City will not be able 
to start entering the information, exit and continue later.

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EXHIBIT C
ISSUANCE AND POST-ISSUANCE COMPLIANCE PROCEDURES RELATING TO 
TAX-EXEMPT BONDS AND OTHER TAX-EXEMPT FINANCINGS FOR THE CITY OF 
BUCKEYE, ARIZONA
Date of Implementation:  [_______], 2025 
INTRODUCTION
Many conditions, restrictions and requirements must be complied with to permit and 
preserve the tax-exempt treatment of bonds and other tax-exempt financings by the City of 
Buckeye, Arizona of Maricopa County, Arizona (the “City”).  Prior to issuance, the City and its 
bond counsel will review the facts and the reasonable expectations to determine if the issue will 
comply with these conditions, restrictions and requirements at the time of issuance.  There are 
certain actions the City must perform after issuance to preserve the favorable tax treatment and 
certain actions of the City after issuance can adversely affect the tax treatment.  In addition, the 
City must maintain proper records to demonstrate compliance.  Because tax benefits may be 
critical to the investors’ decision to purchase the bonds or other obligations, the City covenants to 
the bond purchasers to comply with all the conditions, restrictions and requirements throughout 
the life of the bonds.
To ensure compliance, the City must identify a single person with overall compliance 
responsibility.  The City Manager or the Chief Financial Officer, or his or her designee, will be the 
responsible person and is referred to in these procedures as the “Bond Compliance Official.”  
Anyone with any questions about the bonds, the proceeds of the bonds, the facilities financed 
with the bonds or compliance with the conditions, restrictions and requirements should discuss 
them with the Bond Compliance Official who shall, as necessary, discuss them with bond counsel.  
The Bond Compliance Official shall meet with bond counsel to discuss these requirements and 
from time to time any changes in these requirements.  In the event the City fails to comply with 
these procedures, the Bond Compliance Official shall meet with bond counsel as soon as 
practicable after the discovery of the failure to comply to discuss the steps required to correct the 
noncompliance.
1.
INVESTMENT OF PROCEEDS UNTIL EXPENDED.
Detailed records of investments and earnings will be made and kept by the City 
with respect to all bond proceeds.

6482413.11
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Generally, proceeds of bonds cannot be invested at a yield higher than the bond 
yield unless during certain specific temporary periods.  Therefore, prior to closing, the Bond 
Compliance Official will determine with bond counsel which funds do or do not qualify for a 
temporary period.  Qualifying information will be set out in a tax certificate.  No proceeds will be 
invested at a yield higher than the bond yield unless they qualify.  If the actual facts regarding the 
use of proceeds change from what was reasonably expected at closing, the Bond Compliance 
Official will discuss those changes with bond counsel to see if the temporary periods are changed.
Bond proceeds include the amount received from the sale of the bonds, amounts 
held in a payment or reserve fund for the bonds and investment earnings on those amounts.
The proceeds will not be invested in any investment where a yield cannot be 
determined.
Any investment in a guaranteed investment contract or similar investment 
agreement will be made only in compliance with the bidding requirements as reviewed by bond 
counsel.  
Bond proceeds from each issue will be invested so that they can be tracked 
separately from any other funds of the City.  The City will work with the registrar, trustee or other 
applicable person or entity to be sure that invested earnings are properly allocated between bond 
proceeds and other funds.
2.
USE OF PROCEEDS.
Detailed records will be made and kept by the City with regard to the use of bond 
proceeds and shall be kept on a series-by-series basis.  For each expenditure, the amount, date 
of and purpose will be recorded.  If the project is also funded with non-bond proceeds, the records 
will reflect an allocation of expenditures between bond proceeds and other funds.  No proceeds 
will be used to reimburse an expenditure made prior to the issue date of the bonds unless the 
reimbursement requirement, including the prior declaration of intent to reimburse, has been fully 
complied with and evidence of such compliance is maintained.  The Mayor and the City Council,
by taking action, or the City Manager or the Chief Financial Officer, is authorized to complete the 
declaration of intent to reimburse.
Under federal tax law, the City is expected to exercise diligence to (A) expend the 
proceeds, (B) to enter into within six months of the issue date a binding contract to expend at 
least 10% of the proceeds and (C) to have expended most of the proceeds within three years.  
After the third anniversary of the issue, any remaining proceeds in the construction account must 
be yield restricted.

6482413.11
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The Bond Compliance Official shall periodically review the progress of the projects 
and the expenditure of proceeds to ensure timely expenditure of proceeds.
3.
USE OF BOND FINANCED FACILITIES.
Detailed records of the use of proceeds will identify those facilities that are financed 
in whole or in part with bond proceeds and must reflect the allocation of bond proceeds and other 
funds used.  Any sale or lease to, or other agreement for use by, a private party in a trade or 
business can adversely affect the tax status of the bonds.  The City will not sell or lease any bond 
financed property or enter into any agreement with non-governmental entities for use or 
management of any bond financed property without a thorough review by the Bond Compliance 
Official and bond counsel.  Although not a comprehensive list, the Bond Compliance Official will 
review the following types of transactions with bond counsel prior to entering into any agreement 
with non-governmental entities or persons:  (a) the sale or lease of any bond financed property, 
(b) any management contracts with a food service provider, (c) any research agreements and (d) 
public-private partnerships.  The Bond Compliance Official shall periodically review the use of all 
bond financed facilities to ensure compliance with the private use restrictions.  In the event the 
City takes action that causes the bonds to meet the private business tests or private loan financing 
test, the Bond Compliance Official shall meet with bond counsel as soon as practicable after the 
issue is discovered to discuss the steps required to correct the noncompliance, including, if 
necessary, redeeming or defeasing all of the bonds that meet the private business tests or private 
loan financing test.
4.
ARBITRAGE REBATE.
Any time that bond proceeds are permitted to be invested at a yield higher than 
the bond yield, the amount earned over the bond yield is arbitrage.  With certain exceptions, the 
City is obligated to pay over (rebate) to the United States any arbitrage earned.  The City will keep 
complete and accurate records of all investments of bond proceeds and all information supporting 
any applicable exceptions to the rebate requirement and will retain or ensure that the registrar or 
trustee has retained a professional rebate consultant to review the records and prepare a report 
so that the City or the registrar or trustee can make any necessary rebate payments.  Unless 
exempt, the City must, at a minimum, make payments at every fifth anniversary of the issue and 
upon final payment.  The Bond Compliance Official will review any exemption prior to each fifth 
anniversary and upon final payment to determine if any facts have changed which might eliminate 
the exemption.

6482413.11
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5.
RECORD RETENTION.
All records concerning the bond issue, including
a)
the transcript of the original proceedings,
b)
investment of proceeds,
c)
use and allocation of proceeds, including any declaration of intent to 
reimburse,
d)
non-governmental use of bond financed property,
e)
payment of principal and interest on the bonds,
f)
the interest rate or rates on the bonds from time to time, if variable,
g)
compliance with reimbursement requirements,
h)
refunding of all or part of the bonds, and
i)
payment of arbitrage rebate or information supporting any exemption to 
rebate,
shall be kept for the life of the bonds plus three years and, if the bonds are refunded, for the life 
of all of the refunding bonds plus three years (and in compliance with any State of Arizona records 
retention policies).
6.
EMMA REMINDER.
As an issuer of bonds, the City is also required to provide ongoing disclosures in 
the form of annual financing information and certain listed events, currently filed on the Municipal 
Securities Rulemaking Board’s Electronic Municipal Market Access (“EMMA”) system.