Camp Verde council approves $250,000 in town loans for Sycamore Vista affordable-housing project; consent agenda passes 7-0
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Summary
On Jan. 7 the Camp Verde Town Council approved two town-financed loans totaling $250,000 for the Sycamore Vista Low Income Housing Tax Credit project and approved consent agenda items including an appointment and a court defense contract; votes were unanimous, 7-0.
The Camp Verde Town Council on Jan. 7 approved two town-financed loans totaling $250,000 to Atlantic Development and Investments, Inc. to support the Sycamore Vista Low Income Housing Tax Credit project.
Council voted to provide up to $125,000 for Phase 1 and up to $125,000 for Phase 2, consistent with the town’s January 2022 Request for Proposals. The motion to approve the loans was made by Councilor Robert Foreman and seconded by Councilor Brian Bolton; the roll-call vote was 7-0 in favor.
The council also approved the consent agenda by a single motion moved by Vice Mayor Wendy Escoffier and seconded by Councilor Robert Foreman. The consent package included: Resolution 2026-1202, appointing Court Administrator Veronica Pineda as an Assistant Magistrate for the Camp Verde Municipal Court for a two-year term; authorization to contract with Daniel B. Kaiser to provide defense attorney services for the municipal court for a three-year term; and Resolution 2026-1203, authorizing the mayor to advocate on behalf of the council for or against 2026 legislative matters affecting Camp Verde. The consent agenda passed by roll call, 7-0; Council members also called out Court Administrator Veronica Pineda for her work.
Town Manager Miranda Fisher told the council the Sycamore Vista project will bring state and federal housing resources to the community and that the loans are intended to help offset development costs in line with the town’s obligations under the 2022 RFP. Atlantic Development and Investments Vice President of Development and Asset Management Audrey McEntee answered council questions about Phase 1 and Phase 2 during the discussion.
No dissent or amendments were recorded. The council’s action fulfills the town commitment from the RFP process and directs staff to proceed with loan documentation and implementation steps.
Votes at a glance • Consent agenda (minutes, meeting schedule, Resolution 2026-1202 appointment of Assistant Magistrate Veronica Pineda, contract with Daniel B. Kaiser, Resolution 2026-1203): Motion by Vice Mayor Wendy Escoffier, second by Councilor Robert Foreman; outcome: approved, roll call 7-0. • Sycamore Vista loans (Phase 1: $125,000; Phase 2: $125,000): Motion by Councilor Robert Foreman, second by Councilor Brian Bolton; outcome: approved, roll call 7-0.
The council made no additional formal actions on the loans at the meeting beyond approval; the agenda item included acknowledgment that the loans are town-financed and budgeted and intended to leverage outside housing resources. The council adjourned at 7:38 p.m.