Superstition Vistas CFD #2 Special Meeting - 04/21/26

The City of Apache Junction, Arizona held a special meeting of the Superstition Vistas Community Facilities District (CFD) #2 on April 21, 2026. The board discussed proposed amendments to the CFD development agreement, including increasing the general obligation debt service tax rate from $3.85 to $5.00, raising the maximum assessment per lot from $5,000 to $12,500, and extending the period for submitting backbone infrastructure projects from 10 to 15 years. These changes were requested by the development group to address slower assessed valuation growth due to county assessor changes. The board also confirmed that commercial properties had been removed from the district and would not be subject to these assessments. After discussion, the board voted 5 to 1 to approve Resolution SVCFD2-2026-00005, authorizing the amendments and related actions for infrastructure acquisition and tax assessments.