June 26, 2025 CFD Cadence
City of Mesa — Cadence Community Facilities District Board (2026-05-07)
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OFFICE OF THE CITY CLERK CADENCE COMMUNITY FACILITIES DISTRICT BOARD MINUTES June 26, 2025 The Cadence Community Facilities District Board met in the Study Session room at City Hall, 20 East Main Street, on June 26, 2025, at 7:30 a.m. BOARD PRESENT BOARD ABSENT OFFICERS PRESENT Mark Freeman, Chairperson Scott Somers, Vice Chair Rich Adams* Jennifer Duff Alicia Goforth Julie Spilsbury* Francisco Heredia Scott Butler Holly Moseley Jim Smith (*Participated in the meeting through the use of video conference equipment.) Chairperson Freeman conducted a roll call. Chairperson Freeman excused Boardmember Heredia from the entire meeting. 1. Items from citizens present. There were no items from citizens present. 2. Approval of minutes from the June 12, 2024, meeting. It was moved by Vice Chairperson Somers, seconded by Boardmember Duff, that the minutes from the June 12, 2025, Cadence Community Facilities District Board meeting be approved. Upon tabulation of votes, it showed: AYES – Freeman–Somers–Adams–Duff–Goforth–Spilsbury NAYS – None ABSENT – Heredia Chairperson Freeman declared the motion passed unanimously by those present. Cadence Community Facilities District Board June 26, 2025 Page 2 3. Conduct a public hearing and take action on the following resolutions: 3-a. Conduct a public hearing on the proposed Cadence Community Facilities District Fiscal Year 2025-26 Budget and Tax Levy. Chairperson Freeman stated that this was the time and place for a public hearing on the proposed Cadence Community Facilities District Fiscal Year 2025/26 Budget and Tax Levy. In response to a request for clarification from Vice Chairperson Somers, Deputy City Manager/Chief Financial Officer Michael Kennington explained the Community Facility Districts (CFDs) three separate ongoing tax rates. He emphasized that since debt has not been issued since 2023, and due to higher assessed value, the total rates have been reduced for Cadence, Eastmark 1, and Eastmark 2. There being no citizens present to speak on this issue, Chairperson Freeman declared the public hearing closed. 3-b. A resolution approving the Cadence Community Facilities District Fiscal Year 2025-26 Final Budget. – CFD CD Resolution No. 51 3-c. A resolution levying upon the assessed valuation of the property within Cadence Community Facilities District subject to ad valorem taxation a certain sum upon each one hundred dollars ($100) of valuation for the fiscal year ending June 30, 2026. – CFD CD Resolution No. 52 It was moved by Vice Chairperson Somers, seconded by Boardmember Duff, that CFD CD Resolution Nos. 51 and 52 be adopted. Upon tabulation of votes, it showed: AYES – Freeman–Somers–Adams–Duff–Goforth–Spilsbury NAYS – None ABSENT – Heredia Chairperson Freeman declared the motion passed unanimously by those present. 4. Adjournment. Without objection, the Cadence Community Facilities District Board meeting adjourned at 7:35 a.m. I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the Cadence Community Facilities District Board meeting of the City of Mesa, Arizona, held on the 26th day of June 2025. I further certify that the meeting was duly called and held and that a quorum was present. ______________________________________________ HOLLY MOSELEY, CITY CLERK lr