This is a request for City Council to approve the Petition for Formation and adopt the Resolution of Intention and Resolution Ordering the Improvements for the proposed Street Light Improvement District No. Street Light Improvement District No. 1121, Vistancia Village D Parcel D1, Lone Mountain Parkway and El Mirage Road, and authorize the City Clerk to record the Street Light Improvement District with the Maricopa County Recorder’s Office subject to the following stipulations:

1.  All civil and street light plans must be approved by the City of Peoria (City) prior to recordation of the Street Light Improvement District.

2.  The final plat for the subdivision must be approved by City Council and recorded with the Maricopa County Recorder’s Office prior to recordation of the Street Light Improvement District.

3.  The developer must provide a fully executed Petition, Waiver and Consent to Formation of a Municipal Improvement District.

The purpose of the Streetlight Improvement District is for the purchase of electricity for lighting the streets and public parks within the proposed district.

 Pursuant to the provisions of A.R.S. §48-616, et seq., Mayor and Council are empowered to adopt a resolution ordering the formation of a Street Light Improvement District.  A Petition, Resolution of Intention and Resolution Ordering the Improvements are attached for formation of City of Peoria Street Light Improvement District No. Street Light Improvement District No. 1121, Vistancia Village D Parcel D1, Lone Mountain Parkway and El Mirage Road.  In the case in which all of the property owners have presented a petition for formation, the ordinary publication and protest period are not required by law; the Council may then immediately adopt a Resolution Ordering the improvements once the Resolution of Intention is first adopted.  The Resolution ordering the improvements finalizes the formation of the Street Light Improvement District process.

 Under Arizona State law, commencing in October 2018, the residents will receive, on their property tax bill, an additional charge for operation of the street light system.  In accordance with state statute, an assessment diagram and map listing each parcel of property within the district has been prepared.

The final plat for Vistancia Village D Parcel D1 was approved by the Council on January 24, 2017.

A:  The Street Light Improvement District has been approved through the Development and Engineering Department.  An option would be to not accept the proposed Street Light Improvement District.  It should be noted that not approving the Street Light Improvement District will prevent the purchase of electricity for lighting the streets and public parks within the proposed district from being assessed on the property tax bill.

 B:  The other option would be to formally approve the Street Light Improvement District to allow for the taxing district to be recorded and fees assessed to the property tax bills.

Discussion and possible action to approve the Petition for Formation and adopt RES. 2017-14 intention and ordering the formation of proposed Street Light Improvement District No. 1121, Vistancia Village D Parcel D1, Lone Mountain Parkway and El Mirage Road; and adopt RES. 2017-15 ordering the improvements within the proposed Street Light Improvement District and declaring an emergency.

There is no direct budgetary impact to the City to approve the Street Light Improvement District.  However, the City would incur the cost associated with the purchase of electricity for lighting the streets and public parks within the proposed district should the taxing district not be approved and recorded.

The acceptance of this Street Light Improvement District will allow the purchase of electricity for lighting the streets and public parks within the proposed district to be assessed on the property tax bill for the properties located within the District.