News & Updates

Arizona | Cadence CFD Established

On November 19, 2015, the City of Mesa City Council established the Cadence Community Facilities District.

The professionals at Development Planning & Financing Group, Inc. working with its client, Harvard Investments and the City of Mesa established the Cadence Community Facilities District ("District) over the 400 acre mixed use project. The District is authorized to issue both general obligation and special assessment bonds to finance the construction and/or acquisition of public roadways, water and sewer improvements.

The District will establish its target ad valorem tax rate at $3.85 per $100 of limited assessed valuation. Special assessment liens are anticipated to average $3,500 per lot.

For more information on how CFD financing may fund portions of your project's public infrastructure, contact Carter Froelich at 602-381-3226 ext. 10 or email at carter.froelich@dpfg.com