City of Peoria: Community Facilities Districts Virtual Meetings - May 5, 2026

The City of Peoria's Digital Peoria governing body held a series of Community Facilities District (CFD) virtual meetings on May 5, 2026, focusing primarily on bond issuance and infrastructure financing for the Vistancia North CFD. The meeting included a public hearing and approval of a feasibility report related to a bond issuance not to exceed $6 million, with an expected issuance around $4.6 million. The bonds will finance public infrastructure projects such as water and wastewater facilities, with the infrastructure already completed and the district reimbursing the developer through bond proceeds supported by property taxes. The bonds carry a 23-year term and have received a favorable AA2 rating from Moody's. The council unanimously approved the consent agendas and the bond-related resolutions, ensuring the continuation of infrastructure financing and acquisition under the CFD framework. No public comments were made during the hearing.