FINANCIAL_SERVICESAMENDED

CFD extends financing agreement with Gladden Phase II

The Gladden Farms (Phase II) Community Facilities District Board moved to approve a Second Amendment to its development and financing agreement with Gladden Phase II, LLC, increasing the cap on Developer Bonds to $32 million and extending the issuance period to 2034. The agreement’s termination date is likewise extended to February 1, 2059 to support long-term infrastructure financing.

Status
AMENDED
Document date
April 21, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Gladden Phase Ii Llc
Agency
Town of Marana town · AZ

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Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $32,000,000 in aggregate principal amount of Developer Bonds
Contract type
FINANCIAL_SERVICES
Contract term
Debt issuance permitted through January 1, 2034; agreement termination extended to February 1, 2059
Renewal date
2059-02-01
Renewal
Second Amendment to the 2008 Development Agreement (previously amended in 2019) modifies Sections 6.1, 6.2, and 10.10 to extend debt issuance to January 1, 2034, raise the Developer Bond limit to $32 million, and extend the agreement termination date to February 1, 2059. Agreement may only be further amended in writing by all parties.
Document type
AgendaPacket
Source document
Gladden Farms (Phase II) CFD Board of Directors Meeting Agenda Packet April 2026

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Marana town?

Gladden Phase Ii Llc was awarded this financial services contract by Town of Marana town, as recorded on April 21, 2026. The contract value is Not to exceed $32,000,000 in aggregate principal amount of Developer Bonds.

How much is the Gladden Phase Ii Llc contract with Town of Marana town worth?

The Gladden Phase Ii Llc contract with Town of Marana town is valued at Not to exceed $32,000,000 in aggregate principal amount of Developer Bonds, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Gladden Farms (Phase II) CFD Board of Directors Meeting Agenda Packet April 2026 (AgendaPacket), dated April 21, 2026 from Town of Marana town. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gladden Phase Ii Llc hold?

Gladden Phase Ii Llc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is Town of Marana town currently buying?

Explore Town of Marana town's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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