Rancho Sahuarita CFD Meeting

District Board Meeting Agenda Pursuant to A.R.S. § 38-431.02 notice is hereby given to the public that the District Board of the Rancho Community Facilities District will hold a meeting at the date and time specified below at the Sahuarita Council Chambers, 375 West Sahuarita Center Way, Sahuarita, AZ. Members of the Rancho Sahuarita District Board will attend either in person or by telephone conference call. To better serve our community, the Council Chambers is wheelchair accessible. Persons with a disability may request a reasonable accommodation, such as a sign language interpreter, by contacting the District Clerk’s Office at 520-822-8801. Requests should be made no later than three (3) working days prior to the meeting to arrange the accommodation. December 9, 2019 REGULAR MEETING AGENDA AT OR AFTER 6:30 P.M. 1. Call to Order 2. Roll Call 3. Call to the Public At this time, any member of the public is invited to address the District Board on any issue which is on tonight’s Agenda or any issue which the District Board can lawfully act upon at a future meeting. Written comments regarding any item on the agenda or any issue which the District Board can lawfully act upon may be submitted prior to the beginning of the meeting for distribution to the District Board. Pursuant to the Arizona Open Meeting Laws, the District Board may not discuss the items, but individual members of the District Board may respond to criticism made by those who have addressed the District Board, may ask staff to review the matter, or may ask that the matter be placed on a future agenda. 4. Consent Agenda Action recommended: approve the consent agenda recommendations. A. Approval of the November 12, 2019 Rancho Sahuarita Community Facilities District Meeting Minutes. 5. Discussion and possible action to direct staff to prepare a study of the feasibility and benefits of issuing general obligation bonds to acquire public infrastructure. Action recommended: Board's pleasure. 6. Adjournment Action may be taken by the District Board on any item listed on this agenda. The District Board may vote to go into executive session pursuant to A.R.S. § 38-431.03 (A) (3) for discussion or consultation for legal advice with the District Counsel concerning any matter listed on this agenda. Regular Meeting Agenda- December 9, 2019 Page 1 of 2  Rancho Sahuarita Community Facilities District MEETING Agenda Notice to parents: Meetings of the Mayor and Council are audio and video recorded. If you permit your child to participate in the Council Meeting, a recording will be made. You may exercise your right not to consent by not permitting your child to participate. You and your child may also leave the Council Meeting at any time. Regular Meeting Agenda- December 9, 2019 Page 2 of 2  4.A District Board Agenda Communication TO: Honorable Chairperson and District Board FROM: Lisa Cole MMC, District Clerk MEETING DATE: December 9, 2019 SUBJECT: Approval of the November 12, 2019 Rancho Sahuarita Community Facilities District Meeting Minutes. FINANCIAL / BUDGET SUMMARY STAFF RECOMMENDATION Staff recommends approval of the attached minutes. SUGGESTED MOTION I move to approve the minutes as submitted (or amended). DISCUSSION Draft minutes submitted for District Board approval. ATTACHMENTS 1. November 12, 2019 Rancho Sahuarita CFD Meeting Minutes Packet Pg. 3  4.A.1 District Board Meeting Minutes RANCHO SAHUARITA COMMUNITY FACILITIES DISTRICT Attachment: November 12, 2019 Rancho Sahuarita CFD Meeting Minutes (Approval of Minutes) MEETING MINUTES NOVEMBER 12, 2019 The District Board of the Rancho Sahuarita Community Facilities District met in the Sahuarita Council Chambers, 375 West Sahuarita Center Way, Sahuarita, AZ on November 12, 2019. 1. Call to Order The meeting was called to order at 6:33 PM by Chairperson Tom Murphy. 2. Roll Call Attendee Name Title Status Arrived Tom Murphy Chairperson Present Kara Egbert Vice Chairperson Present Bill Bracco Board Member Present Erik Dahl Board Member Present Simon Davis Board Member Present Melissa Hicks Board Member Present Gil Lusk Board Member Present Also in attendance were District Manager L. Kelly Udall, District Counsel Dan Hochuli and District Clerk Lisa Cole. 3. Call to the Public There were no speakers. Regular Meeting Minutes- November 12, 2019 Page 1 of 2 Packet Pg. 4  Rancho Sahuarita Community Facilities District MEETING Minutes 4.A.1 4. Consent Agenda MOTION was made to approve the consent agenda recommendations. RESULT: APPROVED [UNANIMOUS] MOVER: Bill Bracco, Board Member SECONDER: Gil Lusk, Board Member Attachment: November 12, 2019 Rancho Sahuarita CFD Meeting Minutes (Approval of Minutes) AYES: Murphy, Egbert, Bracco, Dahl, Davis, Hicks, Lusk A. Approval of the June 10, 2019 Rancho Sahuarita Community Facilities District Meeting Minutes. B. Approval of Amendment No. Four (4) to Contract No. 170030 with EPS Group, Inc., for engineer services, commencing October 11, 2019 and terminating October 10, 2020; in an amount not to exceed $300,000.00. 5. Adjournment Chairperson Murphy adjourned the meeting at 6:35 PM. ______________________________ Chairperson Tom Murphy ATTEST: ______________________ Lisa Cole, MMC District Clerk CERTIFICATION I hereby certify that the foregoing minutes are a true and correct copy of the minutes of the Meeting of the District Board of the Rancho Sahuarita Community Facilities District held on the 12th day of November, 2019. I further certify that the meeting was duly called and held and that a quorum was present. Dated this 9th day of December, 2019. __________________________________ Lisa Cole, MMC District Clerk Regular Meeting Minutes- November 12, 2019 Page 2 of 2 Packet Pg. 5  5 District Board Agenda Communication TO: Honorable Chairperson and District Board FROM: A.C. Marriotti, District Treasurer MEETING DATE: December 9, 2019 SUBJECT: Discussion and possible action to direct staff to prepare a study of the feasibility and benefits of issuing general obligation bonds to acquire public infrastructure. FINANCIAL / BUDGET SUMMARY Rancho Sahuarita CFD: Rancho Sahuarita Management Company, LLC (Developer) has submitted an application requesting the issuance of general obligation bonds not to exceed $3.8 million. STAFF RECOMMENDATION Board's pleasure. SUGGESTED MOTION I move to direct District staff to prepare a feasibility study for the issuance of general obligation bonds to acquire public infrastructure. DISCUSSION A.R.S. § 48-715 provides that before constructing or acquiring any infrastructure, a CFD Board shall “cause a study of the feasibility and benefits of the project …” The Developer has provided the District with a proposal (attached application), and staff has brought this matter to the Board in order to determine whether the Board would like staff to prepare a feasibility report. The Developer will have an opportunity to make a presentation to the Board at this meeting. The Developer’s submittal proposes that the District issue general obligation bonds not to exceed $3,800,000 for acquisition of the following public infrastructure: · Rancho Sahuarita Blvd., Phase 8A Road Improvements · Extension of Sahuarita Center Way from Calle Imperial to Rancho Sahuarita Blvd. · 15” Public Sewer Main Extension along East Property Line Project descriptions are provided in the attached application. At a future meeting, the District Board will have more opportunity to discuss and consider each of these proposed projects, as well as other infrastructure improvements that may eventually be included in the final feasibility report. Packet Pg. 6  5 Rancho Sahuarita Community Facilities District Agenda Communication If we are directed to complete a feasibility report, we will retain the services of our financial advisor and bond attorney, and prepare the report. Pursuant to statutes, the report will include a description of any public infrastructure to be constructed or acquired and all other information useful to understand the project(s), a map showing, in general, the location of the project(s), an estimate of the cost to construct, acquire, operate and maintain the project(s), an estimated schedule for completion of the project(s), a map or description of the area to be benefited by the project(s) and a plan for financing the project(s). Upon completion of the feasibility report, the District will need to hold a public hearing to allow comment upon it, before the Board can act upon it. If the Board accepts and approves the feasibility report, it can amend the District Development Agreement (if necessary) and authorize the issuance of general obligations bonds for the acquisition of the infrastructure included in the report. ATTACHMENTS 1. Application for Feasibility Report Packet Pg. 7  5.1 Packet Pg. 8 Attachment: Application for Feasibility Report (Application for Feasibility Report)  5.1 Packet Pg. 9 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 10 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report)  5.1 Building Land Attachment: Application for Feasibility Report (Application for Feasibility Report) (All exhibits must be attached to application. Staff acceptance of this Application does not obligate the District to consider the Application or direct District staff to prepare a Feasibility Report. If this Application is presented to the District Board, the Board may do nothing or request staff prepare a Feasibility Report on the projects included in this Application and/or other projects the Board determines are in the best interests of the residents of the District. Issuance costs will be in the sole discretion of the District.) Packet Pg. 11 Packet Pg. 12 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 13 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 14 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 15 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 16 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 17 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 18 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report)  5.1 Avg Sales Year Units Price Neighborhood Attachment: Application for Feasibility Report (Application for Feasibility Report) Entrada la Villita - 17 FY 2020 139 $250,000 Entrada del Rio - 122 Entrada del Rio - 130 FY 2021 166 $257,500 Region 6A - 36 Entrada del Rio - 132 FY 2022 168 $265,225 Region 6A - 36 Entrada del Rio - 74 Region 6A - 18 Region 6B - 36 FY 2023 164 $273,182 Region 7A East - 36 Entrada del Rio - 34 Region 6B - 34 Region 7A East - 36 FY 2024 140 $281,377 Region 7A West - 36 777 Packet Pg. 19 Packet Pg. 20 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 21 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report) Packet Pg. 22 5.1 Attachment: Application for Feasibility Report (Application for Feasibility Report)