Town of Marana town Awards Financial Services Contract to Gladden Phase Ii Llc (September 2026)

The District approved a Series 2026 Standby Contribution Agreement with Gladden Phase II, LLC to provide developer-funded support if needed to keep the community facilities district’s debt service tax rate at $2.50 per $100 of assessed value. This uncollateralized backstop covers the 2019, 2021, 2022, 2024, and new 2026 bond issues until the tax base can fully support payments.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Standby Contribution Agreement dated as of October 1, 2026, effective for life of the 2019, 2021, 2022, 2024, and 2026 bonds until termination conditions are met

Renewal date

2051-07-15

Renewal

Agreement remains in effect for the life of the covered bond series and may terminate once specified coverage and tax-base sufficiency thresholds are met; similar agreements may be executed for future bond issues.

Document type

AgendaPacket

Source document

Gladden Farms (Phase II) Community Facilities District Agenda Packet 2026-09-01

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Gladden Farms (Phase II) Community Facilities District Agenda Packet 2026-09-01

APPROVED

Town of Marana town, ArizonaNot to exceed $5,000,000 for acquisition; overall bond issuance not to exceed $5,600,000Sep 1, 2026

Gladden Farms (Phase II) CFD Board of Directors Meeting Agenda Packet April 2026

AMENDED

Town of Marana town, ArizonaNot to exceed $32,000,000 in aggregate principal amount of Developer BondsApr 21, 2026

marana-unified-district-agenda-2020-07-14_94a.txt

AMENDED

Marana Unified District, ArizonaJul 14, 2020

marana-unified-district-agenda-budget-hearings-contract-approvals-july-14-2020_de1.md

AMENDED

Marana Unified District, ArizonaJul 14, 2020

marana-unified-district-agenda-2020-07-14_099.pdf

AMENDED

Marana Unified District, ArizonaJul 14, 2020

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 September 1, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in Gladden Farms (Phase II) Community Facilities District Agenda Packet 2026-09-01 (AgendaPacket), dated September 1, 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.

View Gladden Phase Ii Llc's profile

What is Town of Marana town currently buying?

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Town of Marana town Awards Financial Services Contract to Gladden Phase Ii Llc (September 2026)

Scope & details

Related contracts

Frequently asked questions

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

What type of contract is this?

Where was this contract approved?

What other contracts does Gladden Phase Ii Llc hold?

What is Town of Marana town currently buying?

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