Joint Community Facilities District - Regular Meeting - 10/06/2025

The City of Goodyear held a Joint Community Facilities District regular meeting on October 6, 2025, focusing primarily on the formation and financing of the Monteito Number Four Special Assessment District within the Estraya Mountain Ranch Community Facilities District. The meeting included a public hearing on the feasibility report for this special assessment district, which will finance infrastructure improvements such as roads through the issuance of bonds. The total estimated cost for infrastructure acquisition and related expenses is approximately $11.1 million, with assessments averaging $21,000 per single-family lot over the life of the bonds. The board unanimously approved three key resolutions: the feasibility report, the order to perform the public infrastructure project, and the levy of the assessment, thereby authorizing the future issuance of special assessment revenue bonds to fund the infrastructure improvements.