Community Facilities District Goodyear Municipal Court and Council Chambers 14455 W. Van Buren St., Suite B101 Goodyear, AZ 85338 |
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COMMUNITY FACILITIES DISTRICTS - CITY OF GOODYEAR, ARIZONA
1. COMMUNITY FACILITIES GENERAL DISTRICT NO. 1
2. PALM VALLEY COMMUNITY FACILITIES DISTRICT NO. 3
3. COMMUNITY FACILITIES UTILITIES DISTRICT NO. 1
4. WILDFLOWER RANCH COMMUNITY FACILITIES DISTRICT
5. WILDFLOWER RANCH COMMUNITY FACILITIES DISTRICT NO. 2
6. COTTONFLOWER COMMUNITY FACILITIES DISTRICT
7. ESTRELLA MOUNTAIN RANCH COMMUNITY FACILITIES DISTRICT
8. KING RANCH COMMUNITY FACILITIES DISTRICT
9. CENTERRA COMMUNITY FACILITIES DISTRICT
10. CORTINA COMMUNITY FACILITIES DISTRICT
Board members of the ten above mentioned Community Facilities Districts will attend either in person or by telephone conference call or video communications.
CALL TO ORDER
Chairman Lord called the Community Facilities Districts meeting to order at 7:28 p.m.
ROLL CALL
- Present:
- 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
- Staff Present:
- District Manager Julie Karins; District Clerk Darcie McCracken
| PUBLIC COMMENTS |
There were no public comments.
| CONSENT |
MOTION BY Board Member Bill Stipp, SECONDED BY Board Member Joe Pizzillo to APPROVE Consent Agenda Items 1 through 12. The motion carried by the following vote:
- 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
1.
APPROVAL OF MINUTES
Recommendation
Approve draft minutes from the Joint Community Facilities District Regular and Special Meetings held on June 7, 2021. (Darcie McCracken, City Clerk)
Recommendation
Approve draft minutes from the Joint Community Facilities District Regular and Special Meetings held on June 7, 2021. (Darcie McCracken, City Clerk)
2.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION CFGD#1 RES 2021-190 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
3.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION PVCFD#3 RES 2021-066 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
4.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION CFUD#1 RES 2021-117 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
5.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION WFRCFD RES 2021-080 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
6.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION WFRCFD#2 RES 2021-075 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
7.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION CTTNFLWRCFD RES 2021-073 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
8.
Recommendation
9.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION KRCFD RES 2021-048 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
10.
APPROVE THE PROPERTY TAX LEVY FOR FISCAL YEAR 2022
Recommendation
ADOPT RESOLUTION CENTERRACFD RES 2021-074 LEVYING UPON THE ASSESSED VALUATION OF THE PROPERTY WITHIN THE DISTRICT SUBJECT TO AD VALOREM TAXATION A CERTAIN SUM UPON EACH $100.00 OF ASSESSED VALUATION SUFFICIENT TO RAISE THE AMOUNTS ESTIMATED TO BE REQUIRED IN THE ANNUAL BUDGET; ALL FOR THE FISCAL YEAR ENDING THE 30TH DAY OF JUNE, 2022. (Jared Askelson, Deputy Finance Director)
Recommendation
11.
Recommendation
12.
ESTRELLA MOUNTAIN RANCH CFD MONTECITO #2 ASSESSMENT MODIFICATION
Recommendation
ADOPT RESOLUTION EMRCFD RES 2021-139 APPROVING THE MODIFICATION OF ASSESSMENTS IN ASSESSMENT NUMBER 005-02-043 WITHIN THE MONTECITO ASSESSMENT DISTRICT NO. 2. (Jared Askelson, Deputy Finance Director)
Recommendation
ADOPT RESOLUTION EMRCFD RES 2021-139 APPROVING THE MODIFICATION OF ASSESSMENTS IN ASSESSMENT NUMBER 005-02-043 WITHIN THE MONTECITO ASSESSMENT DISTRICT NO. 2. (Jared Askelson, Deputy Finance Director)
| BUSINESS |
PRESENTATION FOR ITEMS 13 THROUGH 19
Deputy Finance Director Jared Askelson presented information on the debt prepayments within seven Community Facilities Districts (CFD). The prepayments would be expensed during Fiscal Year 2021 so that the City could meet Arizona State Statutes on the City's debt service fund balance limits that were put in place in March 2021. Mr. Askelson reviewed the process of making direct payments or defeasance payments on bonds as well as the amounts of the prepayments for each CFD.
Deputy Finance Director Jared Askelson presented information on the debt prepayments within seven Community Facilities Districts (CFD). The prepayments would be expensed during Fiscal Year 2021 so that the City could meet Arizona State Statutes on the City's debt service fund balance limits that were put in place in March 2021. Mr. Askelson reviewed the process of making direct payments or defeasance payments on bonds as well as the amounts of the prepayments for each CFD.
MOTION BY Board Member Joe Pizzillo, SECONDED BY Vice Chairman Brannon Hampton to APPROVE Business Items 13 through 19. The motion carried by the following vote:
- 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
13.
Recommendation
14.
PREPAYMENT OF DEBT WITHIN THE PALM VALLEY CFD #3
Recommendation
ADOPT RESOLUTION PVCFD#3 RES 2021-067 AUTHORIZING AND PROVIDING FOR THE TRANSFER OF AVAILABLE DISTRICT FUNDS TO DEFEASE AND REDEEM A PORTION OF ITS OUTSTANDING DISTRICT GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016, THE DIRECT PAYMENT, OR THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT FOR THE SAFEKEEPING AND HANDLING, OF MONEYS TO BE USED TO PAY THE BONDS BEING DEFEASED; APPROVING THE FORM OF CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RATIFYING THE ACTIONS OF ALL OFFICERS AND AGENTS OF THE DISTRICT AND OTHERS WITH RESPECT TO THE TRANSFER, PREPAYMENT, DEFEASANCE AND REDEMPTION. (Jared Askelson, Deputy Finance Director)
Recommendation
ADOPT RESOLUTION PVCFD#3 RES 2021-067 AUTHORIZING AND PROVIDING FOR THE TRANSFER OF AVAILABLE DISTRICT FUNDS TO DEFEASE AND REDEEM A PORTION OF ITS OUTSTANDING DISTRICT GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016, THE DIRECT PAYMENT, OR THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT FOR THE SAFEKEEPING AND HANDLING, OF MONEYS TO BE USED TO PAY THE BONDS BEING DEFEASED; APPROVING THE FORM OF CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RATIFYING THE ACTIONS OF ALL OFFICERS AND AGENTS OF THE DISTRICT AND OTHERS WITH RESPECT TO THE TRANSFER, PREPAYMENT, DEFEASANCE AND REDEMPTION. (Jared Askelson, Deputy Finance Director)
15.
PREPAYMENT OF DEBT WITHIN THE COMMUNITY FACILITIES UTILITIES DISTRICT #1
Recommendation
ADOPT RESOLUTION CFUD #1 RES 2021-118 AUTHORIZING AND PROVIDING FOR THE TRANSFER OF AVAILABLE DISTRICT FUNDS TO DEFEASE AND REDEEM A PORTION OF ITS OUTSTANDING DISTRICT GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016, THE DIRECT PAYMENT, OR THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT FOR THE SAFEKEEPING AND HANDLING, OF MONEYS TO BE USED TO PAY THE BONDS BEING DEFEASED; APPROVING THE FORM OF CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RATIFYING THE ACTIONS OF ALL OFFICERS AND AGENTS OF THE DISTRICT AND OTHERS WITH RESPECT TO THE TRANSFER, PREPAYMENT, DEFEASANCE AND REDEMPTION. (Jared Askelson, Deputy Finance Director)
Recommendation
ADOPT RESOLUTION CFUD #1 RES 2021-118 AUTHORIZING AND PROVIDING FOR THE TRANSFER OF AVAILABLE DISTRICT FUNDS TO DEFEASE AND REDEEM A PORTION OF ITS OUTSTANDING DISTRICT GENERAL OBLIGATION REFUNDING BONDS, SERIES 2016, THE DIRECT PAYMENT, OR THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT FOR THE SAFEKEEPING AND HANDLING, OF MONEYS TO BE USED TO PAY THE BONDS BEING DEFEASED; APPROVING THE FORM OF CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RATIFYING THE ACTIONS OF ALL OFFICERS AND AGENTS OF THE DISTRICT AND OTHERS WITH RESPECT TO THE TRANSFER, PREPAYMENT, DEFEASANCE AND REDEMPTION. (Jared Askelson, Deputy Finance Director)
16.
PREPAYMENT OF DEBT WITHIN THE WILDFLOWER RANCH CFD
Recommendation
ADOPT RESOLUTION WFRCFD RES 2021-081 AUTHORIZING AND PROVIDING FOR THE TRANSFER OF AVAILABLE DISTRICT FUNDS TO DEFEASE AND REDEEM A PORTION OF ITS OUTSTANDING DISTRICT GENERAL OBLIGATION BONDS, SERIES 1998, THE DIRECT PAYMENT, OR THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT FOR THE SAFEKEEPING AND HANDLING, OF MONEYS TO BE USED TO PAY THE BONDS BEING DEFEASED; APPROVING THE FORM OF CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RATIFYING THE ACTIONS OF ALL OFFICERS AND AGENTS OF THE DISTRICT AND OTHERS WITH RESPECT TO THE TRANSFER, PREPAYMENT, DEFEASANCE AND REDEMPTION. (Jared Askelson, Deputy Finance Director)
Recommendation
ADOPT RESOLUTION WFRCFD RES 2021-081 AUTHORIZING AND PROVIDING FOR THE TRANSFER OF AVAILABLE DISTRICT FUNDS TO DEFEASE AND REDEEM A PORTION OF ITS OUTSTANDING DISTRICT GENERAL OBLIGATION BONDS, SERIES 1998, THE DIRECT PAYMENT, OR THE EXECUTION OF A DEPOSITORY TRUST AGREEMENT FOR THE SAFEKEEPING AND HANDLING, OF MONEYS TO BE USED TO PAY THE BONDS BEING DEFEASED; APPROVING THE FORM OF CERTAIN DOCUMENTS AND AUTHORIZING COMPLETION, EXECUTION AND DELIVERY THEREOF; AUTHORIZING THE TAKING OF ALL OTHER ACTIONS NECESSARY TO THE CONSUMMATION OF THE TRANSACTIONS CONTEMPLATED BY THIS RESOLUTION; AND RATIFYING THE ACTIONS OF ALL OFFICERS AND AGENTS OF THE DISTRICT AND OTHERS WITH RESPECT TO THE TRANSFER, PREPAYMENT, DEFEASANCE AND REDEMPTION. (Jared Askelson, Deputy Finance Director)
17.
Recommendation
18.
Recommendation
19.
Recommendation
| INFORMATION ITEMS |
There were no information items.
| ADJOURNMENT |
There being no further business to discuss, Mayor Lord adjourned the Community Facilities Districts Meeting at 7:36 p.m.
CERTIFICATION
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the JOINT COMMUNITY FACILITIES DISTRICT MEETING of the city of Goodyear, Arizona, held on June 21, 2021. I further certify that the meeting was duly called and held and that a quorum was present.
Dated this ____ day of ______________, 2021.
_____________________________
Darcie McCracken, District Clerk
| __________________________ Darcie McCracken, District Clerk |
__________________________ Georgia Lord, District Chairman |
Date:___________________ |
CERTIFICATION
I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the JOINT COMMUNITY FACILITIES DISTRICT MEETING of the city of Goodyear, Arizona, held on June 21, 2021. I further certify that the meeting was duly called and held and that a quorum was present.
Dated this ____ day of ______________, 2021.
_____________________________
Darcie McCracken, District Clerk