Joint Community Facilities Districts — Buckeye, AZ
Date: 2025-10-08

JOINT MEETING OF THE
 COMMUNITY FACILITIES DISTRICTS CITY OF BUCKEYE, ARIZONA
 PURSUANT TO SECTIONS 48-711, 48-715 AND TITLE 38, CHAPTER 3, ARTICLE 3.1
 ARIZONA REVISED STATUTES, AS AMENDED

 ANTHEM SUN VALLEY COMMUNITY FACILITIES DISTRICT
 ELIANTO COMMUNITY FACILITIES DISTRICT
 FESTIVAL RANCH COMMUNITY FACILITIES DISTRICT
 MIRIELLE COMMUNITY FACILITIES DISTRICT
 SUNDANCE COMMUNITY FACILITIES DISTRICT
 TARTESSO WEST COMMUNITY FACILITIES DISTRICT
 FLOREO AT TERAVALIS COMMUNITY FACILITIES DISTRICT
 VERRADO DISTRICT 1 COMMUNITY FACILITIES DISTRICT
 VERRADO WESTERN OVERLAY COMMUNITY FACILITIES DISTRICT
 WATSON ROAD COMMUNITY FACILITIES DISTRICT
 WESTPARK COMMUNITY FACILITIES DISTRICT

 CITY OF BUCKEYE
 JOINT COMMUNITY FACILITIES DISTRICTS
 OCTOBER 7, 2025
 MINUTES

City Council Chambers
530 East Monroe Avenue
Buckeye, AZ 85326
5:15 p.m.

Pursuant to A.R.S. § 38-431.03(A)(3) the Board of Directors of the Joint Community Facilities
Districts may, by majority vote, recess or adjourn to executive session at one or more times during
the meeting, as needed to confer with the Board Attorney for legal advice regarding any item listed
on this agenda.

1. Call to Order/Roll Call
Chairman Orsborn called the meeting to order at 5:15 p.m.

Members Present: Board Member Youngker, Board Member Berry, Board Member Goodman,
 Board Member HagEstad, Board Member Beard, Vice Chair Heustis, and
 Chairman Orsborn.

Members Absent: None.

Departments Present: District Manager Doug Sandstrom, Deputy District Manager Dave Roderique,
 Deputy District Manager Javier Setovich, Interim Deputy District Manager
 Cindy Camarata, District Attorney Scott McCoy, City Clerk Lucinda Aja,
 District Attorney Andrew McGuire, and Special Districts Manager Larry Price.

2. Public Hearings and Non-Consent New-Business
October 7, 2025 Joint Community Facilities Districts Meeting Minutes
2.A Board of Directors of the Watson Road Community Facilities District (City of Buckeye,
 Arizona) to conduct a public hearing on objections received, to take action on the
 objections, and to take action on Resolution No. 04-25 approving the modification of
 assessments in Assessment District No. 1.
 Staff Liaison: Brandon Squire, District Engineer

Mr. Price presented information regarding the proposed assessments modification in the Tyler Ranch
Watson Road Community Facilities District (CFD). The CFD was formed in 2005, issuing $49 million
in special assessment revenue bonds for approximately 2,000 acres, including 8,000 single-family
residential equivalent lots. Assessment No. 14, known as Tyler Ranch, consists of 71 acres and 303
lots. Principal payments on the bonds have been collected with property taxes since 2005. Recently
the developer decided to develop the Tyler Ranch lots, leading to the subdivision of the 71 acres into
303 lots. The remaining principal and interest are now distributed pro rata across these lots. Some lots
were sold before the assessment modification, causing confusion among new homeowners who
received unexpected payment letters. The payoff date for these bonds is July 2031. Mattamy Homes
USA, the majority owner of the real property subject to Assessment No. 14, has requested that it be
modified to place a per lot assessment of: (i) $1,762.30 on newly created Assessment Nos. 14T-01-
001 through 14T-01-025, Assessment Nos. 14T-03-001 through 14T-03-041, and Assessment Nos.
14T-03-001 through 14T-03-041; and (ii) $1,762.29 on newly created Assessment Nos. 14T-02-145
through 14T-02-147, and Assessment Nos. 14T-03-042 through 14T-03-131. The requested changes
will not alter the current outstanding total assessment amount of $533,975.97. The board received one
written objection, which did not describe the reason for the objection or any other details. Chairman
Orsborn opened a public hearing at 5:22 p.m. to hear citizen input regarding the proposed
modification of assessments. There being no public comment, Chairman Orsborn closed the public
hearing at 5:22 p.m. A motion was made by Vice Chair Heustis and seconded by Board Member
HagEstad to deny the objection received and adopt Resolution No. 04-25 approving the modification
of assessments in Assessment District No. 1. Motion passed unanimously.

3. Adjournment
There being no further business to discuss, Chairman Orsborn adjourned the meeting at 5:23 p.m.

 _________________________________
 Eric W. Orsborn, Chairman
ATTEST:

_________________________________
Lucinda J. Aja, District Clerk

I hereby certify that the foregoing minutes are a true and correct copy of the Joint Community
Facilities Districts Meeting held on October 7, 2025. I further certify that a quorum was present.

________________________________
Lucinda J. Aja, District Clerk




October 7, 2025 Joint Community Facilities Districts Meeting Minutes