SRP’S EXETER CONVERSION LETTER TO BOARD OF SUPERVISOR RE VERIFIED STATEMENT OF COSTS REDACTED.ETC _REDACTED.PDF

Magnoni Family Trust c/o Dominic 
and Karen Magnoni 
 
Scottsdale, AZ 85251 
40,990 
5.609% 
$28,183.13 
 
Maison Kufel LLC 
 
Scottsdale, AZ 85251 
40,903 
5.597% 
$28,123.31 
Todd Christopher Delano and Carolyn 
Harris Delano 
 
Scottsdale, AZ 85251 
95,266 
13.036% 
$65,501.18 
JTE Trust 
 
Scottsdale, AZ 85251 
40,859 
5.591% 
$28,093.06 
Ohana Acquisition LLC 
 
Scottsdale, AZ 85251 
43,547 
5.959% 
$29,941.22 
DDNNAS Trust 
  
Scottsdale, AZ 85251 
33,502 
4.584% 
$23,034.67

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BOARD OF SUPERVISORS 
MARICOPA COUNTY, STATE OF ARIZONA 
In re 
Exeter Boulevard 64th ST – 66th ST 
Underground Conversion Service Area 
 
 
 
ORDER 
 
The Maricopa County Board of Supervisors ("Board") having considered the 
Verified Statement of Costs, including the Affidavit and the statements attached thereto, 
submitted by the Salt River Project Agricultural Improvement and Power District ("SRP"), 
and based upon the SRP's representation that the amounts to be billed do not exceed the 
estimated amounts set forth in the Joint Report of Costs, which the SRP previously has 
furnished the Board, finds: 
1. 
That the District has complied with the Resolution of this Board 
entered on June 22, 2022, requiring the District to convert overhead electrical facilities 
within the Exeter 64th Street – 66th Street Conversion District  ("Exeter") to underground, 
and “Exeter” shall hereinafter reference the Exeter Boulevard 64th ST – 66th ST 
Underground Conversion Service Area; 
2. 
That SRP has submitted a verified statement of conversion costs; 
3. 
That A.R.S. § 40-350(A) requires this Board to mail to the owners of 
property within Exeter ("Property Owners") a statement of the underground conversion 
costs specifying the date that payments are to commence; 
4. 
That A.R.S. § 40-347 requires that each Property Owner reimburse 
SRP that property’s proportionate share of the conversion costs  in full within sixty (60) 
calendar days after completion of SRP’s underground conversion, or commence making 
monthly installment payments to SRP on the first day of the month immediately following

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the sixty-day period; 
5. 
That, in accordance with A.R.S. § 40-347.B, a period of fifteen (15) 
years for equal monthly installment payments to be made to SRP by the Property Owners 
reimbursing SRP for the costs of conversion through installment payments is reasonable; 
and 
6. 
That, in accordance with A.R.S. §40-347.B,  an interest rate of eight 
percent (8%) per annum on any unpaid amount to be reimbursed to SRP through 
installment payments also is reasonable. 
IT IS THEREFORE ORDERED: 
1. 
That within seven (7) calendar days after the entry of this order, the 
Clerk of the Board shall mail to the Property Owners a statement of the underground 
conversion costs specifying the date that payments are to commence; 
2. 
That this statement shall specify that the A.R.S. § 40-347.B requires 
that the Property Owners reimburse SRP in full within sixty (60) calendar days after 
completion of the underground conversion or commence making monthly installment 
payments to SRP on the first day of the month immediately following the sixty-day period, 
and that on September 11, 2023 the underground conversion was complete, hence on 
November 10, 2023, payment in full must be made or installment payments must 
commence; 
3. 
That any Property Owner reimbursing SRP for the costs of conversion 
by installment payments may make equal monthly installment payments to the District for 
a period of fifteen (15) years; and 
4. 
That the monthly installment payments shall include interest at a rate 
of eight percent (8%) per annum on any unpaid amount.

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Issued this  
 day of  
, 2023. 
 
 
 
for: MARICOPA COUNTY BOARD OF 
SUPERVISORS