Resolution

RESOLUTION NO. CFD EM1 RES ____ 
 
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE EASTMARK 
COMMUNITY FACILITIES DISTRICT NO. 1 (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 Eastmark Community Facilities District No. 1 (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 EASTMARK COMMUNITY FACILITIES DISTRICT NO. 1 (CITY OF MESA, 
ARIZONA), as follows: 
 
Section 1. 
Budget Adopted.  The District Budget in the amount of five million eight 
hundred seventy-six thousand one hundred fifty-six dollars ($5,876,156) 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 Eastmark Community 
Facilities District No. 1 (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 Eastmark Community Facilities District No. 1 (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 EM1 RES ____ 
 
[Budget] 
 
See following page.

Sources
Use of Fund Balance
391,033
$       
Revenue
Used For:
Property Tax
Operations
349,640
         
Property Tax 
General Obligation Debt Service
3,780,483
      
Property Assessments
Assessment District Debt Service
1,355,000
      
Total Revenue
5,485,123
$    
Total Sources
5,876,156
$    
Uses
Expenditures
Operations:
Description:
Accounting
Audit Work, Software License, Staff Time
183,301
         
Budget
Staff Time
10,517
            
Clerk
Publishing, Staff Time
1,586
              
Engineering
Staff Time
27,923
            
Legal
Staff Time, Outside Legal Counsel
10,000
            
Treasurer
Staff Time
10,517
            
Operating Contingency
105,796
         
Total Operations
349,640
$       
Debt Service:
Description:
Principal
General Obligation and Special Assessment Bonds
2,887,000
      
Interest
General Obligation and Special Assessment Bonds
2,635,016
      
Fees
Bank Charges
4,500
              
Total Debt Service
5,526,516
$    
Total Expenditures
5,876,156
$    
Total Uses
5,876,156
$    
Sources More/(Less) Than Uses
-
$                
Eastmark Community Facilities District No. 1
Fiscal Year 2026-27 Final Budget
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