General Obligation Bonds

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The FRCFD will appear on your property tax statement from Maricopa County as FESTIVAL RANCH CFD.  The GO debt is paid for through the normal property tax process with the county.  Payment of the debt service is through collections of an ad valorem property tax levy on properties within the district based upon the assessed valuation.  The Maricopa County Assessor determines the assessed value of the property and the Maricopa County Treasurer collects the property tax.

GO Bond Authorization = $175,000,000.

 Year  Project Bonds  Refunding Bonds  Bond Documents
 2006 $800,000     2006 GO Bond Issuance
 2007 $1,535,000     2007 GO Bond Issuance
 2009 $7,600,000     2009 GO Bond Issuance
 2012 $5,400,000     2012 GO Bond Issuance
 2013 $1,800,000     2013 GO Bond Issuance
 2016 $5,410,000     2016 GO Bond Issuance
 2017 $3,665,000  $2,940,000   2017 GO Bond Issuance