Apache Junction CFD board approves $5,000 assessments for 191 lots in Assessment Area 6

The Superstition Vistas Community Facilities District No. 1 board unanimously approved a feasibility report and levied a $5,000 special assessment on each of 191 residential lots in Assessment Area Number 6 to finance street improvements in Apache Junction.

Zach Sacas, special district counsel with Greenberg, Troy, told the board the assessment amount matches earlier assessments used elsewhere in Community Facilities District No. 1 and that the project is complete. "This assessment area will consist of 191 lots. Each lot would be assessed at $5,000 which is the same assessment amount that we've used on every other house that we've assessed or residential lot that we've assessed within CFD number 1," Sacas said.

Sacas said the work being financed covers a portion of what is now Officer Fazio Drive (formerly Davis Drive) and that developer D.R. Horton, as owner of the land, has entered into a waiver agreement asking the board to place the assessments. He said the district engineer prepared an assessment diagram and determined the street improvements benefit each of the 191 lots.

The board conducted a public hearing on the feasibility report, heard no public comment, and then approved two resolutions by unanimous roll call votes. The first, recorded as Resolution SVCFD1‑2025‑007, approved the feasibility report, declared the board's intention to acquire the described improvements, formed Assessment Area Number 6, and stated that special assessment bonds may be issued to finance the improvements. The second, recorded as Resolution SVCFD1‑2025‑008, approved the levying of the assessment and the assessment diagram for Assessment Area Number 6.

Board members voting "yes" on both measures were Board Member Soller, Vice Chairperson Schroeder, Board Member Nasser, Board Member Cross, Board Member Heck, Board Member Johnson and Chairperson Wilson. No public speakers came forward during the hearing.

Sacas told the board that, if the board's approvals stand, staff would finalize documentation and return in November for authorization to issue bonds and close the financing that will pay for the street improvements.

The meeting then adjourned and the board opened a meeting for Community Facilities District No. 2.