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Estrella Mountain Ranch board approves bonds and assessment collection for Montecito Assessment District No. 4
Summary
The Estrella Mountain Ranch Community Facilities District board unanimously authorized up to $10,668,000 in special-assessment revenue bonds for Montecito Assessment District No. 4 and approved ordering collection of the associated special assessments; the votes were 7-0 on both resolutions.
The Estrella Mountain Ranch Community Facilities District board voted unanimously Nov. 17 to authorize special-assessment revenue bonds and to order the collection of assessments for Montecito Assessment District No. 4 in the City of Goodyear.
The board adopted EMR CFD Resolution 2025-171, authorizing issuance of Montecito Assessment District No. 4 special-assessment revenue bonds, Series 2025, in an aggregate principal amount not to exceed $10,668,000, and approving related documents, and later adopted EMR CFD Resolution 2025-172, approving the assessment proceedings and ordering collection of the amounts assessed. Both measures passed on voice/roll-call outcomes reported as "Passes 7-0." (Chair Pizzillo presided.)
Why it matters: the approvals…
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