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Page 1 of 2 RIO SALADO COMMUNITY FACILITIES DISTRICT RESOLUTION NUMBER CFD R2026.01 RESOLUTION LEVYING THE ANNUAL ASSESSMENT FOR THE RIO SALADO COMMUNITY FACILITIES DISTRICT (CITY OF TEMPE, ARIZONA) IMPROVEMENT PROJECT NUMBER 1 PERTAINING TO THE ACQUISITION, CONSTRUCTION AND ANNUAL MAINTENANCE OF CERTAIN IMPROVEMENTS WITHIN THE DISTRICT; APPROVING THE TENTATIVE BUDGET OF THE DISTRICT FOR THE FISCAL YEAR 2026/2027; AND SETTING THE DATE FOR, AND ORDERING THE GIVING OF NOTICE OF, A PUBLIC HEARING TO RECEIVE OBJECTIONS ON THE ASSESSMENTS AND TENTATIVE BUDGET. BE IT RESOLVED BY THE GOVERNING BODY OF THE RIO SALADO COMMUNITY FACILITIES DISTRICT (CITY OF TEMPE, ARIZONA), as follows: Section 1. Pursuant to the provisions of Title 48, Chapter 4, Article 6, Arizona Revised Statutes, and amendments and supplements thereto, the Resolution of Intention No. CFD97-2, adopted by the Governing Body of the Rio Salado Community Facilities District (City of Tempe, Arizona) (the "District") on April 17, 1997 (the "Resolution of Intention") and the Intergovernmental Agreement by and between the District and the City of Tempe, Arizona (the "Municipality") and Resolution No. CFD97-6 (the "Assessment Resolution”), this Governing Body hereby modifies the levy, assessment and apportionment of the costs of acquiring, constructing and maintaining the public infrastructure improvements and projects described in the Resolution of Intention upon the lots and parcels of land as described in the Resolution of Intention and shown in the Legal Description of the District as shown on Exhibit A attached hereto. A detailed reporting of the past 5-years plus the new CFD Budget is Exhibit B. Exhibit C is the Modified Finance Plan dated June 27, 2013. Exhibit D displays the current maps of the Rio Salado Community Facilities District. Such assessments are to be paid to the District, its agents or assigns, to finance the acquisition, construction and annual maintenance of the public infrastructure (as such term is defined in the Act) improvements and projects described in the feasibility study (the "Study"), pertaining to the District's Improvement Project No. 1. The assessments were initially levied pursuant to the Assessment Resolution. Section 2. Pursuant to Sections 48-721(A) and, to the extent applicable, 48-589, Arizona Revised Statutes, this Governing Body hereby modifies the apportionment of the cost of said public infrastructure improvements and projects, including the annual maintenance thereof, and hereby assesses against each lot, portion of lot, or parcel of land within the District to be assessed, each in proportion to the benefits to be received, the respective amounts set forth in Exhibit E attached hereto. Opposite the description of each lot or parcel of land is the name of the owner of such lot or parcel as known to the District and as shown on the most recently certified assessment roll for State and local taxes. Section 3. The tentative “Capital Budget” for the District attached hereto and marked Exhibit E, in the amount of $44,849,700.12 is hereby approved for the fiscal year 2026/2027 with debt service payments completed in 2023. The tentative “Operations and Maintenance Budget” Page 2 of 2 for the District attached hereto and marked Exhibit F, in the amount of $4,215,400 is hereby approved for the fiscal year 2026/2027. The District assessment detail is attached hereto and marked Exhibit G. The entire CFD Budget for 2026/2027 is $5,660,791, which also includes a maximum of $1,445,391 of carry forward appropriation for capital infrastructure needs. Section 4. The Governing Body hereby sets the following date, time and place on and at which it will conduct a public hearing to hear objections on the tentative budget and on the assessments heretofore recorded by the superintendent of Streets of the District: Date of Hearing: June 25, 2026 Time of Hearing: Immediately following the Tempe City Council meeting which will be held at 6:00 p.m. Place of Hearing: City of Tempe City Council Chambers 31 East Fifth Street Garden Level Tempe, Arizona 85281 Section 5. The Notice of Public Hearing shall be substantially in the form attached hereto and marked Exhibit H. The Governing Body hereby orders that said Notice be published and mailed in the manner prescribed by law. Exhibits are available in the Tempe City Clerk’s Office. PASSED, ADOPTED AND APPROVED by the Governing Body of the Rio Salado Community Facilities District (City of Tempe, Arizona) on June 4, 2026. CHAIRMAN ATTEST: CITY CLERK