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Rancho Sahuarita Community Facilities District
The Town of Sahuarita ordered and declared the formation of the Rancho Sahuarita Community Facilities District (CFD) on Monday, March 24, 2014.

Rancho Sahuarita has proposed that, over fifteen years, the CFD Board may approve a list of improvements whose current costs are $38.6 million, with a limit of $60 million in general obligation bonds over a 35-year period. The bonds would be issued in smaller amounts, the first being approximately $2.6 million in the 4th quarter of 2014. This will cover the cost for the infrastructure of two residential roads, with sewer, drainage improvements, landscaping and the costs of the issuance of the bonds. The next bond issue would probably occur in 2018 or later.



TENTATIVE BUDGET ADOPTION: RESOLUTION NO. 2018-0011



RANCHO SAHUARITA COMMUNITY FACILITIES DISTRICT
NOTICE OF FILING STATEMENTS AND ESTIMATES AND
NOTICE OF PUBLIC HEARING

NOTICE OF FILING STATEMENTS AND ESTIMATES OF THE OPERATION AND MAINTENANCE EXPENSES OF THE RANCHO SAHUARITA COMMUNITY FACILITIES DISTRICT, THE COSTS OF CAPITAL IMPROVEMENTS TO BE FINANCED BY THE AD VALOREM TAX LEVY, AND THE AMOUNT OF ALL OTHER EXPENDITURES FOR PUBLIC INFRASTRUCTURE AND ENHANCED MUNICIPAL SERVICES PROPOSED TO BE PAID FROM THE TAX LEVY AND OF THE AMOUNT TO BE RAISED TO PAY GENERAL OBLIGATION BONDS OF THE DISTRICT; AND NOTICE OF A PUBLIC HEARING ON THE PROPOSED FISCAL YEAR 2019 BUDGET OF THE DISTRICT IN THE AMOUNT OF $ 4,457, 130 INCLUDING A HEARING ON THOSE PORTIONS OF THE STATEMENTS AND ESTIMATES NOT RELATING TO DEBT SERVICE ON GENERAL OBLIGATION BONDS.

Notice is hereby given that statements and estimates have been filed in the Office of the District Clerk of the Rancho Sahuarita Community Facilities District of the operation and maintenance expenses of the District, the costs of capital improvements to be financed by the voter -approved ad valorem tax levy, and the amount of all other expenditures for public infrastructure and enhanced municipal services proposed to be paid from the tax levy and ofthe amount to be raised to pay general obligation bonds of the District, all of which shall be provided for by the levy and collection of ad valorem taxes on the assessed value of all the real and personal property in the District. Notice is further given of a public hearing on the proposed fiscal year 2019 budget ofthe District, including (but not limited to) a hearing on those portions of the statements and estimates not relating to debt service on general obligation bonds, all pursuant to Arizona Revised Statutes 48- 716 and 48- 723. Such hearing will be held by the District Board on May 29, 2018, at or after 6: 30 p.m. at the Sahuarita Town Hall Council Chambers, 375 W. Sahuarita Center Way, Sahuarita, Arizona. Copies ofthe budget are available from the Office ofthe District Clerk, 375 W. Sahuarita Center Way, Sahuarita, Arizona 85629, telephone number: ( 520) 822- 8801; on the Town of Sahuarita website: www.sahuaritaaz.gov; and at the Pima County Library, Sahuarita Branch, 725 West Rancho Sahuarita Boulevard, Building #2, Sahuarita, Arizona 85629.

Dated this 14th day of May, 2018.
s/ L. Kelly Udall
District Manager Rancho Sahuarita Community Facilities District