Resolution

RESOLUTION NO. CFD CD RES __ 
 
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE CADENCE 
COMMUNITY FACILITIES DISTRICT (CITY OF MESA, ARIZONA) 
ADOPTING THE FINAL BUDGET OF THE DISTRICT FOR THE FISCAL 
YEAR BEGINNING JULY 1, 2026 AND ENDING JUNE 30, 2027. 
 
WHEREAS, in accordance with the provisions of Arizona Revised Statutes (“A.R.S.”) 
Section 48-716, the Cadence Community Facilities District (City of Mesa, Arizona) (the 
“District”) Board of Directors (the “District Board”) received the proposed District budget on or 
prior to May 7, 2026; and 
 
WHEREAS, it appears that all notices have been duly published and mailed, as required 
by law; and 
 
WHEREAS, the District Board intends to adopt the fiscal year 2026-27 Final Budget (the 
“District Budget”); and  
 
WHEREAS, pursuant to A.R.S. Section 48-723.C, in the District Budget, the District 
Board has filed with the District Clerk and the City Clerk the annual statements of the costs and 
expenditures of the District, including the amount of taxes to be raised, as applicable, to pay the 
expenses and any general obligation bonds of the District and has conducted a hearing on such 
statements; and 
 
WHEREAS, in accordance with said sections of A.R.S. Title 48 and following public 
notice, the District Board met on May 21, 2026, at which meeting any taxpayer in the District was 
privileged to appear and be heard in favor of or against any of the proposed expenditures or tax 
levies. 
 
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF DIRECTORS OF 
THE CADENCE COMMUNITY FACILITIES DISTRICT (CITY OF MESA, ARIZONA), 
as follows: 
 
Section 1. 
Budget Adopted.  The District Budget in the amount of one million three 
hundred eighty-six thousand three hundred ninety dollars ($1,386,390) is hereby adopted as the 
District Budget of the District for the fiscal year 2026-27. 
 
Section 2. 
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 District Board hereby 
declares that this Resolution would have been adopted with each and every other section, 
paragraph, subdivision, sentence, clause or phrase hereof 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.

2 
Section 3. 
Conflicting Resolutions Repealed.  All resolutions and parts of resolutions 
in conflict are hereby repealed. 
 
Section 4. 
Effective Date.  This Resolution is effective after its passage and adoption 
according to law. 
 
PASSED AND ADOPTED by the Board of Directors of the Cadence Community 
Facilities District (City of Mesa, Arizona), on May 21, 2026. 
 
 
 
 
 
 
 
 
 
Chairman, Board of Directors 
ATTEST: 
 
 
 
 
 
 
 
 
District Clerk 
 
APPROVED AS TO FORM: 
 
 
 
 
 
 
 
 
District Special Counsel 
 
 
CERTIFICATION OF RECORDING OFFICER 
 
I hereby certify that the above and foregoing resolution was duly passed by the Board of 
Directors of the Cadence Community Facilities District (City of Mesa, Arizona) at a meeting held 
on May 21, 2026, and that a quorum was present thereat and that the vote thereon was _____ ayes 
and _____ nays; _____ did not vote or were absent. 
 
 
 
 
District Clerk

EXHIBIT A 
TO 
RESOLUTION NO. CFD CD RES ___ 
 
[Budget] 
 
See following page.

Sources
Use of Fund Balance
87,411
$              
Revenue
Used For:
Property Tax
Operations
140,549
              
Property Tax 
General Obligation Debt Service
829,241
              
Property Assessments
Assessment District Debt Service
329,189
              
Total Revenue
1,298,979
$        
Total Sources
1,386,390
$        
Uses
Expenditures
Operations:
Description:
Accounting
Audit Work, Software License, Staff Time
56,743
                
Budget
Staff Time
7,362
                   
Clerk
Publishing, Staff Time
1,586
                   
Engineering
Staff Time
48,957
                
Legal
Staff Time, Outside Legal Counsel
10,000
                
Treasurer
Staff Time
10,517
                
Operating Contingency
20,000
                
Total Operations
155,165
$           
Debt Service:
Description:
Principal
General Obligation and Special Assessment Bonds
650,000
              
Interest
General Obligation and Special Assessment Bonds
579,425
              
Fees
Bank Charges
1,800
                   
Total Debt Service
1,231,225
$        
Total Expenditures
1,386,390
$        
Total Uses
1,386,390
$        
Sources More/(Less) Than Uses
-
$                    
Cadence Community Facilities District
Fiscal Year 2026-27 Final Budget
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