This combined meeting included the Alamar Community Facilities District (CFD) Board regular and special meetings, followed by the Avondale City Council special and regular meetings. The meetings covered budget approvals, bond issuances, zoning changes, utility rate increases, employee introductions, and recognitions. All votes were unanimous except for one abstention on the rate increases.
I'd like to call the Alamar Community Facilities District Board regular meeting to order. Marcella, do you mind doing roll call of the board members? Board Member Condi. Board Member Malone. Board Member Nielsen has an excuse absence tonight. Board Member Solario. Board Member White. Here. Vice Chair Paneda. Chair Weiss. Here. Ron, item number two, please. Mr. Mirror number two will be presented by Renee Weatherless, our district treasurer. Hello. Good evening, Chair, Vice Chair, and members of the community facilities board. Um here tonight to present the final budget for a public hearing. So with this fiscal year 2024 budget, we do have planned debt issuance. Um to repay that debt, there would be a secondary property tax of three dollars and eighty-five cents per 100 net assessed valuation. The primary property tax is set at the maximum per statute of 30 cents, and that is for um operations and maintenance of the commun community. I'm sorry, community facilities district for a total of four dollars and fifteen cents on the tax rate. The total budget itself is just over 4.6 million. It is balanced with resources and expenditures. It does include that debt issuance within that. So tonight the recommendation is to open a public hearing for proposed fiscal year 2024 budget and tax levy, and then upon adjournment of the Alamar CFD regular meeting is to convene a special meeting to adopt resolutions 2-2023 setting forth the final budget for fiscal year 2024 and resolution 3-2023 setting the property tax levy for the fiscal year ending June 30th, 2024. So I will take any questions you may have. Renee, thank you. Let me go ahead and open up the public hearing. Is there anybody in the audience who'd like to speak on this matter? And Chair, we have not received any requests to speak. That being said, I'm gonna go ahead and close the public hearing and open up to board members. Board members, do you have any comments? Seeing and hearing none, can I get a motion on item three, please? Chair, we are on item two, which does not require action at this time. We can move on to item. Item three, I'm sorry, okay. Renee, item number three. Anything for us on that at all? Nothing. Same as before. For three? Yeah, same as there's no additional information on this at all. It's what was just there is a presentation for three. Okay, please. Um so with this item, we are um authorizing and ratifying the giving of notice to approve the physic feasibility report and to authorize the sale and issuance of general obligation bonds for the CFD. Um so this slide, you're looking at a little background on the CFD itself of that and contains uh 1,086 district acres and up to 4,036 housing units. Back in 2018, voters authorized up to $70 million of general obligation bonds. As of April of 2023, the developer sold uh $1,293 residential lots to builders and builders have sold 550 lots to home buyers. We mentioned the property tax with the budget, and the plan um is to use the proceeds of that debt issuance, reimburse the developer for public infrastructure. So with that, we do plan to issue debt until build out in fiscal year 2022.