City of Peoria: Community Facilities Districts Virtual Meetings - May 19, 2026

The City of Peoria's Digital Peoria governing body held a virtual meeting on May 19, 2026, focused on Community Facilities Districts (CFDs). The meeting involved approval of budgets, tax levies, and bond issuances for multiple CFDs including Mystic at Lake Pleasant Heights, Vistansia North, Vistansia West, and Saddleback Community Facilities District number one. Key procurement-related discussions centered on debt service payments for outstanding bonds, operating expenses, insurance deductibles, and capital improvements funded through bond sales. The council approved motions to adopt final budgets and tax levies by resolution for each district, including authorization for bond sales anticipated to fund infrastructure acquisition and development costs. The meeting also addressed the reimbursement process to developers for infrastructure costs through bond proceeds and property tax revenues. Public hearings were held with no public comments, and all motions passed unanimously.