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Superstition Vistas CFD No. 2 board approves assessments and authorizes up to $2.012 million in bonds
Summary
The Superstition Vistas Community Facilities District No. 2 board on Feb. 17 approved final assessments for Assessment Area 3—575 lots at $3,500 per lot—and authorized issuance of up to $2,012,000 in special assessment bonds to fund a portion of Warner Avenue; both measures passed unanimously.
The District Board of the Superstition Vistas Community Facilities District No. 2 voted unanimously Feb. 17 to approve final assessments for Assessment Area 3 and to authorize the issuance of special assessment bonds not to exceed $2,012,000 to fund district work, including a portion of Warner Avenue.
Attorney Zach Sakas, who identified himself as counsel for CFD No. 2, told the board Assessment Area 3 covers 575 lots and that "they'll each be assessed at $3,500 per lot." He said the district engineer verified developer cost information and that the work was completed to city standards. "We put the assessments on each lot,"…
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