Resolution

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RESOLUTION NO.  12538 
 
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MESA, ARIZONA, 
ORDERING AND CALLING A SPECIAL BOND ELECTION TO BE HELD 
CONCURRENTLY WITH THE NOVEMBER 3, 2026, GENERAL ELECTION, TO 
SUBMIT 
TO 
THE 
QUALIFIED 
ELECTORS 
OF 
THE 
CITY 
QUESTIONS 
AUTHORIZING THE ISSUANCE AND SALE OF UP TO $285,000,000 OF GENERAL 
OBLIGATION BONDS OF THE CITY; DESIGNATING OR PROVIDING FOR: THE 
MANNER IN WHICH THE ELECTION IS CONDUCTED, THE TRANSLATION OF 
ELECTION MATERIALS, VOTER REGISTRATION DEADLINES AND EARLY 
VOTING DATES, AND RELATED MATTERS; AND RATIFYING ALL ACTIONS 
TAKEN AND TO BE TAKEN WITH RESPECT TO THE ELECTION IN 
FURTHERANCE OF THIS RESOLUTION. 
 
WHEREAS, the City Council of the City of Mesa, Arizona (the “City Council”), 
believes it to be in the best interests of the City of Mesa, Arizona (the “City”) to authorize the 
issuance and sale of up to $285,000,000 aggregate principal amount of general obligation bonds, 
specifically for providing funds for the following purposes: 
 
Description of Bonds 
Principal Amount 
 
Enhance Public Safety 
$150,000,000 
 
Enhance Transportation Improvements for 
Safer and Less Congested Streets  
$135,000,000 
 
WHEREAS, the proceeds from the issuance and sale of up to $150,000,000 
principal amount of general obligation bonds to Enhance Public Safety shall specifically be for the 
purposes of providing funds to design, acquire, construct, reconstruct, improve, furnish, equip, and 
install improvements, facilities, and communication systems to support fire and medical, police, 
and public safety, and associated equipment, apparatuses, and technology, municipal 
improvements and facilities that support community and public safety, including the demolition, 
relocation, and reconstruction of municipal improvements and facilities that support community 
and public safety, and the acquisition of land or interests therein necessary for such purposes; and 
 
WHEREAS, the proceeds from the issuance and sale of up to $135,000,000 
principal amount of general obligation bonds to Enhance Transportation Improvements for Safer 
and Less Congested Streets shall specifically be for the purposes of providing funds to design, 
acquire, construct, reconstruct, improve, furnish, equip, and install improvements and facilities to 
support safer and less congested streets, including arterial street improvements, pavement 
reconstruction, street and highway improvements, streetlights, traffic signals, communication 
infrastructure, bridges, medians, shared use paths, and associated improvements, equipment, and 
technology, and the acquisition of land or interests therein necessary for such purposes; and

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WHEREAS, it is necessary for the City Council to submit the questions of the 
authorization, issuance, and sale of such general obligation bonds to the qualified electors of the 
City; and 
 
WHEREAS, the City Council may consolidate the special election with any other 
election conducted in the City on November 3, 2026; 
 
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF 
THE CITY OF MESA, MARICOPA COUNTY, ARIZONA, AS FOLLOWS: 
 
Section 1. 
Order for Election; Ballot.  Pursuant to Arizona Revised Statutes, as 
amended (“A.R.S.”) § 35-453, a special bond election in the City is hereby ordered and called to 
be held on November 3, 2026 (“Election Day”), to submit to the qualified electors of the City the 
questions as shown on the form of ballot attached hereto and marked as Exhibit A, which is a part 
of this resolution and the terms of which are incorporated by reference herein.  If approved, the 
bonds may be issued as general obligation bonds pursuant to A.R.S. Title 35, Chapter 3, Article 3, 
payable from an ad valorem tax levied on all taxable property within the corporate limits of the 
City. 
 
 
Section 2. 
Call for Election.  Pursuant to A.R.S. § 35-455(B), the aggregate 
amount of bonds set forth above shall bear a maximum rate of interest of ten percent (10%) per 
annum, may run for a minimum number of years from their issue date of one (1) year or fraction 
thereof and a maximum of twenty-five (25) years.  The proceeds of the bonds shall be expended 
for the purposes described in the recitals of this resolution.  As of the date of this resolution, the 
current outstanding general obligation debt of the City for the purposes included in the twenty 
percent (20%) constitutional debt limit category will be $497,555,500 and for the purposes 
included in the six percent (6%) constitutional debt limit category will be $15,004,500.  As of the 
date of this resolution, the twenty percent (20%) and six percent (6%) constitutional debt limits of 
the City are $1,950,949,444 and $585,284,833, respectively.  The general obligation bonds may 
be refunded by the issuance of general obligation refunding bonds of a weighted average maturity 
of less than seventy-five percent (75%) of the weighted average maturity of the bonds being 
refunded. 
 
 
Section 3. 
Publication of the Call and Notice of the Election.  The publication 
of the call and notice of the special election shall be given, or caused to be given, by the City Clerk, 
as provided by law, and as may be deemed necessary and appropriate in the City Clerk’s discretion 
to advise the public of the election. 
 
 
Section 4. 
Informational Pamphlet.  The City Clerk is hereby directed to cause 
the preparation and distribution of an informational pamphlet and sample ballot for the City 
pursuant to, and meeting the requirements of, A.R.S. § 35-454 and, if the City Clerk determines it 
to be in the City’s best interests, combine such informational pamphlet and sample ballot with any 
other publicity pamphlet being prepared for the November 3, 2026, general or special election.  
The officers of the City are hereby authorized to prepare and deliver, or cause to be prepared and 
delivered, to the City Clerk the information necessary or appropriate for completing the 
informational pamphlet, including, without limitation: the estimated debt retirement schedule for

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the current amount of bonds outstanding; estimated debt retirement schedule for the proposed bond 
authorization; source of repayment; estimated annual levy of property taxes sufficient to pay debt 
service on the bonds; estimated issuance costs; estimated tax impact on an owner-occupied 
residence, commercial property, and agricultural or other vacant property; estimated total cost of 
the proposed bond authorization, including principal and interest; current outstanding general 
obligation debt and constitutional debt limitation; an introductory statement on behalf of the City; 
and a statement of the purpose for which the bonds are to be issued. 
 
 
The informational pamphlet is to be mailed at least thirty-five (35) days before the 
date of the special election to the residence of each registered voter of the City as shown on the 
general county register.   
 
 
Section 5. 
Arguments; Notice and Submittal.  Pursuant to A.R.S. § 35-454, as 
amended, the City hereby sets the date of Wednesday, August 5, 2026, at the hour of 6:00 p.m. as 
the deadline to submit arguments “for” or “against” authorization to issue the bonds.  The City 
Clerk is authorized to publish in a newspaper of general circulation within the City a notice stating 
the deadline for filing with the City arguments “for” or “against” the bonds, for inclusion in the 
informational pamphlet pertaining to the bonds.  The notice for arguments shall include the 
estimated average tax rate pursuant to A.R.S. § 35-454.  The City Clerk is authorized to prepare 
the notice as necessary to comply with all applicable laws.  In accordance with A.R.S. § 35-454, 
submitted arguments shall include sworn statements or be notarized, and shall contain certain 
identifying information for the persons or entities submitting the arguments.  Any argument that 
is submitted and that does not comply with A.R.S. § 35-454 may not be included in the 
informational pamphlet. 
 
Section 6. 
Conduct of Election; Contracts; Expenditures.  The election will be 
conducted in the manner provided by law, and the poll lists kept, and the votes cast thereat will be 
counted and tabulated, and the returns thereof will be made in the manner provided by law and 
only persons who are qualified electors of the City will vote at the City special bond election.  The 
special bond election may be consolidated with any other election conducted in the City on 
November 3, 2026.   
 
The City Clerk is hereby authorized and directed to cause ballots to be printed and 
delivered to the election boards to be furnished to the qualified electors eligible to vote at the 
election.  The special bond election may be conducted using either electromechanical or electronic 
vote recording and ballot counting equipment or paper ballots, as shall be determined to be in the 
best interests of the City by the Maricopa County Elections Department and the Mayor and the 
City Clerk or either of them.  The Mayor and the City Clerk or either of them is each hereby 
authorized and directed to enter into a contract with the Maricopa County Recorder to obtain 
precinct registers for the election and to enter into an agreement with the Maricopa County 
Elections Department to conduct the election for the City.  The City Council hereby authorizes all 
expenditures as may be necessary to order, notice, hold, and administer the special bond election, 
which expenses shall be paid from current operating funds of the City. 
 
 
Section 7. 
Deadline for Voter Registration and Early Voting Dates.  A voter in 
this special bond election must be a qualified elector of the City.  Maricopa County registration

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and voting lists will be used for the special bond election.  To be qualified to vote in the special 
bond election, a City resident must be registered to vote by Monday, October 5, 2026. 
 
 
Absentee/early voting with respect to the special bond election will be permitted in 
accordance with the provisions of A.R.S. Title 16, Chapter 4, Article 8. 
 
Section 8. 
Voting Rights Act and Spanish Translation.  To comply with the 
Voting Rights Act of 1965, as amended, the proceedings pertaining to this election will be 
translated into Spanish and posted, published, distributed, and/or recorded in each instance where 
posting, publication, distribution, and/or recording of such proceedings are required, such as this 
call of election, the notice of election, ballots, the request for arguments, the informational 
pamphlet, all early voting materials and all instructions relating thereto, including instructions at 
the polling places. 
 
Section 9. 
Establishing Polling Places; Voting System.  As applicable, the 
polling places used in the City will be the polling places established by Maricopa County and used 
for conducting previous elections in the City, if available.  The polls will be open from 6:00 a.m. 
until 7:00 p.m. on Election Day. 
 
Ballots shall be counted by the voting system in use by the Maricopa County 
Elections Department for the recordation of the electors’ choices as authorized by Arizona law. 
 
Section 10. 
Canvass of Election.  The election officials will forward the votes 
cast to the City Council for canvassing.  The City Council will meet at the Council Chambers on 
a day that is within twenty (20) days after the election date to canvass the returns of the election 
and certify the result, as provided by Arizona law.  The City Clerk is authorized and directed to 
file and record a certificate of result of election in the office of the Maricopa County Recorder: 
(i) disclosing the purpose of the election, (ii) the total number of votes cast and the total number 
of votes for and against creating the indebtedness, and (iii) stating whether or not the indebtedness 
is ordered.  On filing and recording the certificate, the City Council will carry out the purpose of 
the special bond election. 
 
Section 11. 
Ratification.  All actions of the City Council, officers, employees, 
and agents of the City which are in conformity with the purposes and intent of this resolution, 
whether heretofore or hereafter taken, shall be and are hereby ratified, confirmed, authorized, and 
approved.

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5 
PASSED AND ADOPTED by the City Council of the City of Mesa, Arizona, on 
this 1st day of June, 2026. 
 
 
 
APPROVED: 
 
 
 
 
 
 
 
Mayor 
 
ATTEST: 
 
 
 
 
 
City Clerk 
 
 
 
 
APPROVED AS TO FORM: 
 
 
 
 
 
Greenberg Traurig, LLP, Bond Counsel 
 
 
 
Exhibit A: 
Form of Official Ballot

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CERTIFICATION 
 
I, Holly Moseley, the duly appointed City Clerk of the City of Mesa, Arizona, do hereby certify 
that the above and foregoing resolution was duly passed by the City Council of the City of Mesa, 
Arizona, at a regular meeting held on June 1, 2026, and that a quorum was present thereat and that 
the vote thereon was ____ ayes and ____ nays; ____ did not vote or were absent. 
 
DATED: ________, 2026. 
 
 
 
 
 
City Clerk

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EXHIBIT A 
 
FORM OF OFFICIAL BALLOT 
  
FOR SPECIAL BOND ELECTION IN AND FOR THE CITY OF MESA, ARIZONA ON 
NOVEMBER 3, 2026. 
 
General Provisions for the Bond Questions 
 
The following are general provisions that apply to the bond questions.  Specific information for 
the authorized purposes is set out in the bond questions. 
 
 In addition to the authorized purposes, bond proceeds may be used to pay for bond 
insurance or other credit support for the bonds, all legal, accounting, financial, 
consulting, architectural, design, engineering, and construction management costs, if 
applicable, and all other costs incurred in connection with the issuance of the bonds 
and the purposes set forth in the questions.  The City may contract for letters of credit, 
surety bonds, lines of credit or other credit or liquidity support in connection with 
any one or more series of bonds. 
 
 The bonds may be issued in one or more series, as tax-exempt or taxable bonds. 
 
 The bonds may be issued in the denomination of $5,000 each or multiples thereof. 
 
 Interest rates may be fixed or variable but shall not exceed ten percent (10%) per 
annum.   
 
 Interest may be evidenced by separate certificates and will be paid on July 1 and 
January 1 or more frequently. 
 
 The bonds, and any bonds issued to refund the City’s bonds, may be sold at prices 
that include premiums not greater than permitted by law.  The bonds may be refunded 
by the issuance of refunding bonds with a weighted average maturity less than 
seventy-five percent (75%) of the weighted average maturity of the bonds being 
refunded. 
 
 Each series of bonds will mature over a period not to exceed twenty-five (25) years 
from their date of issuance. 
 
 Bonds will mature on the days of each year determined by the City Council.

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QUESTION NO. 1 
 
ENHANCE PUBLIC SAFETY THROUGH FIRE, MEDICAL, AND POLICE 
IMPROVEMENTS, FACILITIES, EQUIPMENT, AND APPARATUSES, AND 
IMPROVEMENTS AND FACILITIES THAT SUPPORT COMMUNITY AND PUBLIC 
SAFETY 
 
Shall the City of Mesa, Arizona, be authorized to issue and sell general obligation bonds of the 
City in the principal amount not exceeding $150,000,000 to provide funding to support fire and 
medical, police, and public safety improvements, facilities, and communication systems, 
associated equipment, apparatuses, and technology, municipal improvements and facilities that 
support community and public safety, and the acquisition of land or interests therein necessary for 
such purposes, which may include, but are not limited to, projects intended to:  
 
 Design and construct fire and medical and police training facilities 
 Acquire land for future fire stations 
 Acquire and improve public safety communication systems 
 Design and construct police station improvements and municipal improvements 
and facilities that support community and public safety 
 
Generated funds to be used to pay for all necessary design, acquisition, demolition, construction, 
relocation, reconstruction, improvement, repair, renovation, equipment, and installation and 
associated costs including the acquisition of land or interests therein necessary for such purposes 
and to pay all necessary legal, financial, consulting and other costs and fees in connection 
therewith; such bonds to be issued in one or more series as tax-exempt or taxable bonds; the bonds, 
and any bonds issued to refund the City’s bonds, may be sold at prices that include premiums not 
greater than permitted by law; may bear fixed or variable interest not exceeding ten percent (10%) 
per annum, and may have principal payable not later than twenty-five (25) years from the date of 
issuance of each series? 
 
These bonds will be issued as general obligation bonds and the issuance of these bonds will result 
in a property tax increase sufficient to pay the annual debt service on bonds, unless the governing 
body provides for payment from other sources.  The bonds may be refunded by the issuance of 
refunding bonds of a weighted average maturity of less than seventy-five percent (75%) of the 
weighted average maturity of the bonds being refunded. 
 
BOND APPROVAL, YES          
 
BOND APPROVAL, NO            
 
 
A “yes” vote shall authorize the City of Mesa governing body to issue and sell $150,000,000 of 
general obligation bonds of the City of Mesa to be repaid with secondary property taxes. 
 
A “no” vote shall not authorize the City of Mesa governing body to issue and sell such bonds of 
the City of Mesa.

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“Tag Line” language 
Shall Mesa be authorized to issue and sell $150,000,000 of general obligation bonds to provide 
funding to support fire and medical, police, and public safety improvements, facilities, and 
communication systems, associated equipment, apparatuses, and technology, municipal 
improvements that support community and public safety, and acquisition of land for such 
purposes?

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QUESTION NO. 2  
 
ENHANCE TRANSPORTATION IMPROVEMENTS  
FOR SAFER AND LESS CONGESTED STREETS 
 
Shall the City of Mesa, Arizona, be authorized to issue and sell general obligation bonds of the 
City in the principal amount not exceeding $135,000,000 to support safer and less congested 
streets, including for arterial street improvements, pavement reconstruction, street and highway 
improvements, streetlights, traffic signals, communication infrastructure, bridges, medians, shared 
use paths, and associated improvements, equipment, and technology, and the acquisition of land 
or interests therein necessary for such purposes which may include, but are not limited to, projects 
intended to: 
 
 Design and construct street safety improvements, including arterial street 
improvements and pavement reconstruction  
 Design and construct improvements to support safer and less congested streets  
 
Generated funds to be used to pay for all necessary design, acquisition, construction, 
reconstruction, improvement, repair, renovation, equipment, and installation and associated costs 
including the acquisition of land or interests therein necessary for such purposes and to pay all 
necessary legal, financial, consulting, and other costs and fees in connection therewith; such bonds 
to be issued in one or more series as tax-exempt or taxable bonds; the bonds, and any bonds issued 
to refund the City’s bonds, may be sold at prices that include premiums not greater than permitted 
by law; may bear fixed or variable interest not exceeding ten percent (10%) per annum, and may 
have principal payable not later than twenty-five (25) years from the date of issuance of each 
series? 
 
These bonds will be issued as general obligation bonds and the issuance of these bonds will result 
in a property tax increase sufficient to pay the annual debt service on bonds, unless the governing 
body provides for payment from other sources.  The bonds may be refunded by the issuance of 
refunding bonds of a weighted average maturity of less than seventy-five percent (75%) of the 
weighted average maturity of the bonds being refunded. 
 
BOND APPROVAL, YES          
 
BOND APPROVAL, NO            
 
 
A “yes” vote shall authorize the City of Mesa governing body to issue and sell $135,000,000 of 
general obligation bonds of the City of Mesa to be repaid with secondary property taxes. 
 
A “no” vote shall not authorize the City of Mesa governing body to issue and sell such bonds of 
the City of Mesa. 
 
“Tag Line” language 
Shall Mesa be authorized to issue and sell $135,000,000 of general obligation bonds to provide 
funding to support safer and less congested streets, including for arterial street improvements,

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pavement reconstruction, street improvements, streetlights, traffic signals, communication 
infrastructure, shared use paths, associated improvements, and the acquisition of land for such 
purposes?