Formed in 1998, the Via Linda Road Community Facilities District is a special purpose taxing district and separate political subdivision under Arizona statutes. As such, the District can levy taxes and issue bonds, independent of the City of Scottsdale, Arizona (City). Property owners within the District boundaries pay for District infrastructure and functions through secondary property tax assessments. City staff administers the District and the costs of their services are reimbursed by District funds. The Scottsdale City Council also serves as the District Board of Directors.

The District was formed to finance and acquire or construct amenities that are subsequently dedicated to the City for operation. The District does not own or operate infrastructure. Since formation, District bonds have been issued, and the proceeds used to acquire or construct an extension of Via Linda Road eastward and the development of trailheads.

For the year ending 2021/22, the District’s:

• Tax collections and beginning fund balances were sufficient to pay debt service.
• Tax rate continued to comply with the City-imposed assessment limit of $3.00 per $100 assessed valuation; the tax rate was $1.04 per $100 assessed valuation.
• Governmental funds reported a combined ending fund balance of $37,674. Of this amount, $7,879 was in the General Fund and $29,795 was in the Debt Service Fund.
• Governmental fund expenditures were more than revenues by $223, the tax rate increased from $1.02 in fiscal year 2020/21 to $1.04.
• Total long-term debt decreased by $205,000 due to scheduled principal payments.
• Significant bond indentures were in compliance.

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