Chairman Lord called the meeting to order at 5:50 p.m.

Boardmember Campbell attended the meeting via telephone.

Chairman Lord opened the public hearing at 5:51 p.m.

Deputy Finance Director Jared Askelson presented information regarding the formation of a new Special Assessment District which constructs or acquires infrastructure, issues bonds to pay for infrastructure and levies assessments to pay for bonds.  He spoke about the feasibility report for the issuance of bonds for the Montecito Assessment District #3 which contained the location of the new special assessment district and the project that would be funded.  He added that the feasibility report also addressed the financing plan with a total amount of $778,000 with $598,000 coming from the assessment and the builder paying $180,000.  Mr. Askelson stated that the assessment would be approximately $8,200 per lot.

Chairman Lord closed the public hearing at 5:55 p.m.  

MOTION BY Board Member Laura Kaino, SECONDED BY Board Member Sheri Lauritano to ADOPT RESOLUTION EMRCFD RES 2021-141, APPROVING THE FEASIBILITY REPORT RELATING TO THE ACQUISITION AND FINANCING OF CERTAIN IMPROVEMENTS BENEFITTING THE DISTRICT; DECLARING ITS INTENTION TO ACQUIRE CERTAIN IMPROVEMENTS DESCRIBED IN THE FEASIBILITY REPORT; FORMING MONTECITO ASSESSMENT DISTRICT NO. 3; DETERMINING THAT SPECIAL ASSESSMENT REVENUE BONDS WILL BE ISSUED TO FINANCE THE COSTS AND EXPENSES THEREOF AND DECLARING THE IMPROVEMENTS TO BE OF MORE THAN LOCAL OR ORDINARY PUBLIC BENEFIT AND THAT THE COSTS OF SAID IMPROVEMENTS WILL BE ASSESSED UPON THE ASSESSMENT DISTRICT; PROVIDING THAT THE PROPOSED IMPROVEMENTS WILL BE PERFORMED AND DISTRICT SPECIAL ASSESSMENT REVENUE BONDS ISSUED UNDER THE PROVISIONS OF TITLE 48, CHAPTER 4, ARTICLE 6, ARIZONA REVISED STATUTES, AND ALL AMENDMENTS THERETO; AND RATIFYING ALL PRIOR ACTS INCLUDING THE EXECUTION AND DELIVERY OF A WAIVER AND DEVELOPMENT AGREEMENT. The motion carried as follows:

AYE:

Chairman Georgia Lord, Vice Chairman Brannon Hampton, Board Member Joe Pizzillo, Board Member Sheri Lauritano, Board Member Wally Campbell, Board Member Bill Stipp, Board Member Laura Kaino

Passed - Unanimously

Council inquired if the buyers would be notified of the special district assessment and if the $8,200 would be spread out over multiple years.  Mr. Askelson responded that buyers would be informed and the assessment would be spread out over 20 years.

MOTION BY Board Member Bill Stipp, SECONDED BY Board Member Sheri Lauritano to ADOPT RESOLUTION EMRCFD RES 2021-142 ORDERING THE PUBLIC INFRASTRUCTURE PROJECT PERFORMED AS DESCRIBED IN EMRCFD RES 2021-141. The motion carried as follows:

AYE:

Chairman Georgia Lord, Vice Chairman Brannon Hampton, Board Member Joe Pizzillo, Board Member Sheri Lauritano, Board Member Wally Campbell, Board Member Bill Stipp, Board Member Laura Kaino

Passed - Unanimously

MOTION BY Board Member Joe Pizzillo, SECONDED BY Vice Chairman Brannon Hampton to ADOPT RESOLUTION EMRCFD RES 2021-143 APPROVING THE LEVYING OF AN ASSESSMENT FOR THE ESTRELLA MOUNTAIN RANCH COMMUNITY FACILITIES DISTRICT (CITY OF GOODYEAR, ARIZONA). The motion carried as follows:

AYE:

Chairman Georgia Lord, Vice Chairman Brannon Hampton, Board Member Joe Pizzillo, Board Member Sheri Lauritano, Board Member Wally Campbell, Board Member Bill Stipp, Board Member Laura Kaino

Passed - Unanimously