[Archived] Community Facilities District Board Thursday, May 28, 2026

The Town of Prescott Valley Community Facilities District Board held a meeting on May 28, 2026, primarily focused on adopting tentative budgets for various Community Facilities Districts (CFDs) for the fiscal year 2026-27. The board reviewed property tax rates and levy changes across multiple CFDs, noting decreases in most districts except for Stone Ridge due to the expiration of a lease agreement that previously subsidized debt service payments. The board unanimously passed motions to authorize the chairman to sign resolutions adopting the tentative budgets for several CFDs, including Entertainment Center, Pronghorn Ranch, Stoneridge, and others, and to provide notice of public hearings scheduled for June 25, 2026. No specific contract awards or vendor selections were discussed during this meeting.