Joint Community Facilities Districts — Buckeye, AZ
Date: 2025-07-02

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
 JULY 1, 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 (via Microsoft Teams), Board Member Berry, Board
 Member Goodman, Board Member Beard, Vice Chair Heustis, and Chairman
 Orsborn.

Members Absent: Board Member HagEstad.

Departments Present: Interim District Manager Dave Roderique, Deputy District Manager Javier
 Setovich, Deputy District Manager Doug Sandstrom, District Attorney Scott
 McCoy, City Clerk Lucinda Aja, District Attorney Andrew McGuire, Police
 Chief Robert Sanders, and Chief Financial Officer William Kauppi.

2. Community Facilities Districts Action Items



July 1, 2025 Joint Community Facilities Districts Minutes
2.A Board of Directors of the Westpark Community Facilities District (City of Buckeye,
 Arizona) ("the District") to conduct a public hearing only on the assessment, the
 completion of the work and the proceedings hereto had and taken with respect to the
 District Special Assessment District No. 2.
 Staff Liaison: Larry Price, Special Districts Manager

Mr. Price presented information regarding the District Special Assessment District No. 2. This
financing allows the developer, Garrett Development Corp., to be reimbursed for a portion of the cost
of the public infrastructure while causing the eventual homeowner to be responsible for their
respective share of the cost in the form of a special assessment in the amount of $3,500.
Homeowners may pay the assessment in full on any date or may pay over a period in the form of debt
service on the Special Assessment District No. 2 Special Assessment Revenue Bonds, Series 2025.
Chairman Orsborn opened a public hearing at 5:18 p.m. to hear citizen input regarding the
assessment, the completion of the work and the proceedings hereto had and taken with respect to the
District Special Assessment District No. 2. There being no public comment, Chairman Orsborn closed
the public hearing at 5:19 p.m.

2.B Board of Directors of the Floreo at Teravalis Community Facilities District (City of
 Buckeye, Arizona) ("the District") to conduct a public hearing only on the
 assessment, the completion of the work and the proceedings heretofore had and
 taken with respect to the District Special Assessment District No. 1.
 Staff Liaison: Larry Price, Special Districts Manager

Mr. Price presented information regarding the District Special Assessment District No. 1. This
financing allows the developer, Trillium Land Company, LLC (an affiliate of Howard Hughes Holdings
Inc.), to be reimbursed for a portion of the cost of the public infrastructure, while causing the eventual
homeowner to be responsible for their respective share of the cost in the form of a special assessment
in the amount of $10,000. Homeowners may pay the assessment in full on any date or may pay over a
period of time in the form of debt service on the Assessment District No. 1 Special Assessment
Revenue Bonds, Series 2025. Chairman Orsborn opened a public hearing at 5:19 p.m. to hear citizen
input regarding the assessment, the completion of the work and the proceedings hereto had and taken
with respect to the District Special Assessment District No. 1. There being no public comment,
Chairman Orsborn closed the public hearing at 5:20 p.m.

3. CONSENT AGENDA ITEMS / NEW BUSINESS

Approval of items on the Consent Agenda - All items with an (*) on the consent agenda are
considered to be routine matters and will be enacted by one motion and vote of the Board of
Directors. A motion was made by Vice Chair Heustis and seconded by Board Member
Youngker to approve Items *3.A, *3.B, *3.C, *3.D, and *3.E. Motion passed unanimously.

*3.A Board of Directors of the Floreo at Teravalis Community Facilities District (City of
 Buckeye, Arizona) (the "District") to take action on Resolution No. 13-25 declaring and
 adopting the results of the General Obligation Bond Special Election held on June 25,
 2025.
 Staff Liaison: Lucinda Aja, City Clerk

The Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye,
Arizona) (the "District") adopted Resolution No. 13-25 declaring and adopting the results of the
General Obligation Bond Special Election held on June 25, 2025.

*3.B Board of Directors of the Floreo at Teravalis Community Facilities District ("the
 District") to take action on Resolution No. 14-25 approving the assessment and the

July 1, 2025 Joint Community Facilities Districts Minutes
 proceedings heretofore had and taken for the Floreo at Teravalis Community Facilities
 District (City of Buckeye, Arizona); determining the work has been completed in
 accordance with the plans and specifications, and ordering the collection of the
 amount assessed.
 Staff Liaison: Larry Price, Special Districts Manager

The Board of Directors of the Floreo at Teravalis Community Facilities District ("the District") adopted
Resolution No. 14-25 approving the assessment and the proceedings heretofore had and taken for the
Floreo at Teravalis Community Facilities District (City of Buckeye, Arizona); determining the work has
been completed in accordance with the plans and specifications, and ordering the collection of the
amount assessed.

*3.C Board of Directors of the Floreo at Teravalis Community Facilities District (City of
 Buckeye, Arizona) ("the District") to take action on Resolution No. 15-25 authorizing the
 issuance of its Special Assessment District No. 1 Special Assessment Revenue Bonds,
 Series 2025, in the aggregate principal amount of not to exceed $10,970,000; approving
 the form and authorizing the execution and delivery of a Bond Registrar, Transfer Agent
 and Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing
 disclosure undertaking, and certain other documents securing the payment of or
 relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to
 the Bonds; approving a Final Official Statement relating to the Bonds; awarding the
 Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying
 Agent for the Bonds; taking other actions securing the payment of and relating to the
 Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting
 written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance
 Tax Compliance Procedures in connection with the issuance of Bonds.
 Staff Liaison: Larry Price, Special Districts Manager

The Board of Directors of the Floreo at Teravalis Community Facilities District (City of Buckeye,
Arizona) ("the District") adopted Resolution No. 15-25 authorizing the issuance of its Special
Assessment District No. 1 Special Assessment Revenue Bonds, Series 2025, in the aggregate
principal amount of not to exceed $10,970,000; approving the form and authorizing the execution and
delivery of a Bond Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating
to the Bonds, a continuing disclosure undertaking, and certain other documents securing the payment
of or relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to the
Bonds; approving a Final Official Statement relating to the Bonds; awarding the Bonds to the
purchaser thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking
other actions securing the payment of and relating to the Bonds; ratifying all actions taken or to be
taken to further this Resolution; and adopting written Continuing Disclosure Compliance Procedures
and Issuance and Post-Issuance Tax Compliance Procedures in connection with the issuance of
Bonds.

*3.D Board of Directors of the Westpark Community Facilities District (City of Buckeye,
 Arizona) ("the District") to take action on Resolution No. 13-25 approving the
 assessment and the proceedings heretofore had and taken for the Westpark
 Community Facilities District (City of Buckeye, Arizona); determining the work has
 been completed in accordance with the plans and specifications; and ordering the
 collection of the amount assessed.
 Staff Liaison: Larry Price, Special Districts Manager

The Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the
District") adopted Resolution No. 13-25 approving the assessment and the proceedings heretofore had
and taken for the Westpark Community Facilities District (City of Buckeye, Arizona); determining the

July 1, 2025 Joint Community Facilities Districts Minutes
work has been completed in accordance with the plans and specifications; and ordering the collection
of the amount assessed.

*3.E Board of Directors of the Westpark Community Facilities District (City of Buckeye,
 Arizona) ("the District") to take action on Resolution No. 14-25 authorizing the issuance
 of its Special Assessment District No. 2 Special Assessment Revenue Bonds, Series
 2025, in the aggregate principal amount of not to exceed $1,561,000; approving the form
 and authorizing the execution and delivery of a Bond Registrar, Transfer Agent and
 Paying Agent Contract, a Purchase Contract relating to the Bonds, a continuing
 disclosure undertaking, and certain other documents securing the payment of or
 relating to the Bonds; ratifying and approving a Preliminary Official Statement relating to
 the Bonds; approving a Final Official Statement relating to the Bonds; awarding the
 Bonds to the purchaser thereof; appointing a Registrar, Transfer Agent and Paying
 Agent for the Bonds; taking other actions securing the payment of and relating to the
 Bonds; ratifying all actions taken or to be taken to further this Resolution; and adopting
 written Continuing Disclosure Compliance Procedures and Issuance and Post-Issuance
 Tax Compliance Procedures in connection with the issuance of Bonds.
 Staff Liaison: Larry Price, Special Districts Manager

The Board of Directors of the Westpark Community Facilities District (City of Buckeye, Arizona) ("the
District") adopted Resolution No. 14-25 authorizing the issuance of its Special Assessment District
No. 2 Special Assessment Revenue Bonds, Series 2025, in the aggregate principal amount of not to
exceed $1,561,000; approving the form and authorizing the execution and delivery of a Bond
Registrar, Transfer Agent and Paying Agent Contract, a Purchase Contract relating to the Bonds, a
continuing disclosure undertaking, and certain other documents securing the payment of or relating
to the Bonds; ratifying and approving a Preliminary Official Statement relating to the Bonds;
approving a Final Official Statement relating to the Bonds; awarding the Bonds to the purchaser
thereof; appointing a Registrar, Transfer Agent and Paying Agent for the Bonds; taking other actions
securing the payment of and relating to the Bonds; ratifying all actions taken or to be taken to further
this Resolution; and adopting written Continuing Disclosure Compliance Procedures and Issuance
and Post-Issuance Tax Compliance Procedures in connection with the issuance of Bonds.

4. 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
District Meeting held on July 1, 2025. I further certify that a quorum was present.

________________________________
Lucinda J. Aja, District Clerk




July 1, 2025 Joint Community Facilities Districts Minutes