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Cadence Community Facilities District Board

Thursday, September 10, 2020 · 7:30 AM AM · Virtual Platform

TL;DR

The Cadence Community Facilities District Board held a virtual meeting to approve financing for community improvements through general obligation bonds. The board plans to issue up to $6 million in bonds to fund local infrastructure projects, which will be repaid through a property tax levy on district residents.

Key Decisions

  • General Obligation Bond Feasibility Report Approved
  • Bond Issuance Authorization for Up to $6 Million Approved
  • Property Tax Levy to Repay Bonds Approved
  • June 25, 2020 Meeting Minutes Approved
Agenda PDF

Agenda

  1. Roll Call
  2. Items from citizens present.
  3. Conduct a public hearing on the following feasibility report:
  4. 2-a Conduct a public hearing on the feasibility report for a proposed project to be financed by the issuance of general obligation bonds of the Cadence Community Facilities District.
    Public Hearing
  5. Take action on the following:
  6. 3-a Resolution approving the feasibility report relating to the acquisition and financing of certain improvements benefiting the Cadence Community Facilities District; declaring its preliminary intention to issue general obligation bonds, in an amount not to exceed $6,000,000, to finance the acquisition of certain improvements as described in the feasibility report and pursuant to the provisions of Title 48, Chapter 4, Article 6, Arizona Revised Statutes.
    Resolution
  7. 3-b Resolution authorizing the issuance of general obligation bonds, series 2020; approving the form and authorizing the execution and delivery of various documents related thereto; ratifying and approving a preliminary official statement and approving a final official statement relating to the bonds; levying an ad valorem tax on taxable property in the district; awarding the bonds to the purchaser thereof; appointing a registrar, transfer agent and paying agent for the bonds; and taking other actions securing the payment of and relating to the bonds.
    Resolution
  8. 3-c Approval of minutes from the June 25, 2020 meeting.
    Minutes
  9. Adjournment.
  10. The City of Mesa is committed to making its public meetings accessible to persons with disabilities. For special accommodations, please contact the City Manager's Office at (480) 644-3333 or AzRelay 7-1-1 at least 48 hours in advance of the meeting. Si necesita asistencia o traducción en español, favor de llamar al menos 48 horas antes de la reunión al (480) 644-2767.