Special Assessment Lien Bonds

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The special assessment liens are billed semi-annually with payments due on 6/1/xx & 12/1/xx. In the event of a refinance or sale of the home, the District does not mandate that the assessment be paid in full, only that the account remains in current status.

This special assessment lien does assume first lien position even before the mortgage, second only to property taxes

PLEASE READ CAREFULLY:
These assessments are not affiliated with your Homeowner Association dues or County Property Taxes.

Failure to make these payments on or before the due date will result in a 5% penalty for the delinquency amount and additional collection costs. Failure to pay thereafter will result in the entire amount of the assessment, the addition of collection costs, including attorney fees and the foreclosure sale of the property assessed.

 Year  District Name Bond Amount   Bond Documents
 2005  Festival Ranch CFD No. 1  $1,448,000  2005 SA1 Bond Issuance
 2007  Festival Ranch CFD Nos. 2&3  $1,868,000  2007 SA2&3 Bond Issuance
 2007  Festival Ranch CFD Nos. 4&5  $1,784,000  2007 SA4&5 Bond Issuance
 2009  Festival Ranch CFD No. 6  $356,000  2009 SA6 Bond Issuance
 2011  Festival Ranch CFD No. 7  $404,000  2011 SA7 Bond Issuance
 2013  Festival Ranch CFD No. 8  $186,000  2013 SA8 Bond Issuance
 2015  Festival Ranch CFD No. 9  $288,000  2015 SA9 Bond Issuance
 2016  Festival Ranch CFD No. 10  $200,000  2016 SA10 Bond Issuance
 2017  Festival Ranch CFD No. 11  $2,738,000  2017 SA11 Bond Issuance

 

To obtain current lien status, repayment schedule or a payoff quote, please email scave@buckeyeaz.gov.