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Estrella Mountain Ranch boards approve feasibility report and authorize up to $5.25 million in bonds
Summary
The Estrella Mountain Ranch community facilities districts approved a feasibility report and adopted resolutions authorizing up to $5.25 million in general obligation bonds to acquire completed infrastructure — including two traffic signals and the Cotton Lane Bridge — while keeping the issuance within the district's existing $1.30 per $100 tax structure.
A joint meeting of the Estrella Mountain Ranch community facilities districts in Goodyear, Arizona, on April 27, 2026, approved a feasibility report and adopted resolutions authorizing the issuance of general obligation bonds not to exceed $5,250,000 to acquire completed public infrastructure in the district.
Michael Schumacher, interim finance director for the City of Goodyear, opened the required public hearing, saying, “Tonight we are conducting the required public hearing to review and discuss the feasibility report related to the proposed issuance of general obligation bonds for the Estrella Mountain Ranch Community Facilities District.” He told the board the issuance would remain within the district’s existing tax structure.
The feasibility…
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