Superstition Vistas CFD No. 2 approves Assessment Area 2 to fund Blossom Rock Trail segment

The Superstition Vistas Community Facilities District No. 2 approved a feasibility report and an assessment diagram for Assessment Area 2 on April 15, 2025, authorizing an assessment of 691 residential lots at $3,500 per lot for a total assessment of $2,418,000. The proceeds are intended to finance another segment of Blossom Rock Trail.

Zach Sakas, special counsel with Greenberg Traore, told the board that Brookfield — the developer — has begun selling lots to home builders and that builders who have purchased or are under contract have signed consent forms allowing the assessment process to proceed. “In this case though, when Brookfield does do them, they’re well prepared,” Sakas said, describing the developer’s role. He noted the district engineer prepared an assessment diagram and concluded that each lot in the area can reasonably benefit from the portion of the project they will be assessed for.

The board separately adopted two resolutions: one approving the feasibility report and formation of Assessment Area 2, and a second approving the assessment diagram and levying the $3,500 per-lot assessment. Both resolutions were moved, seconded and adopted by roll call with all members present voting yes.

Why it matters: the adopted resolutions move the district forward in forming the assessment area and establishing the legal basis to issue special assessment bonds that would finance the public works segment. The board indicated staff will return at a subsequent meeting to confirm the assessment process and, if appropriate, consider authorizing a bond sale.

Next steps: district staff will proceed with the confirmation phase; the board will consider a second meeting to finalize assessments and possibly authorize bond issuance.