Buckeye boards approve special-assessment districts for Florio at TerraValle and Westpark, move forward on $5.4 million Westpark GO bonds

The Community Facilities District boards for the City of Buckeye unanimously approved June 17, 2025, formation and financing actions for two special-assessment districts — Florio at TerraValle and Westpark — and authorized the process to issue up to $5,400,000 in general-obligation bonds for Westpark.

The measures will let the city reimburse developers for public infrastructure already installed in those subdivisions and place annual special-assessment payments as a line item on affected property tax bills collected by Maricopa County.

Larry Price, the city’s special districts manager, told the boards that the Florio at TerraValle assessment district would support the sale of assessment district revenue bonds in an amount not to exceed $10,970,000 and that roughly 97 lots in the district are estimated to carry a $10,000 special-assessment lien each. "These special assessment liens can be paid at any time depending on what [a] property owner desires to do," Price said. He added that initial homeowners are required by statute to be notified in writing and to sign that they understand the property is in a special-assessment district, but sellers are not separately required to notify buyers; instead, the lien typically appears on title reports…