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Home My WebLink About032310PZ:\Council Packets\2010\WS3-23-2010\100323WSA.doc Page 1 of 1 REVISED 3/23/10 NOTICE OF THE WORK STUDY SESSION OF THE FOUNTAIN HILLS TOWN COUNCIL TIME: 5:30 P.M. - 7:00 P.M. WHEN: TUESDAY, MARCH 23, 2010 WHERE: FOUNTAIN HILLS COUNCIL CHAMBERS 16705 E. AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ ALL WORK-STUDY ITEMS LISTED ARE FOR DISCUSSION ONLY. NO ACTION CAN OR WILL BE TAKEN. The primary purpose of work session meetings is to provide the Town Council with the opportunity for in-depth discussion and study of specific subjects. Public comment is not provided for on the Agenda and may be made only as approved by consensus of the Council. In appropriate circumstances, a brief presentation may be permitted by a member of the public or another interested party on an Agenda item if invited by the Mayor or the Town Manager to do so. The Presiding Officer may limit or end the time for such presentations. 1.) CALL TO ORDER AND ROLL CALL – Mayor Schlum 2.) DISCUSSION relating to the Town’s five-year CAPITAL IMPROVEMENT PLAN AND FUNDING OPTIONS. 3.) DISCUSSION relating to proposed FUNDING OPTIONS for the Community Service Contracts. 4.) ADJOURNMENT. DATED this 18th day of March, 2010. Bevelyn J. Bender, Town Clerk The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 (voice) or 1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to attend this meeting or to obtain agenda information in large print format. Supporting documentation and staff reports furnished the council with this agenda are available for review in the Clerk’s office. Mayor Jay T. Schlum Councilmember Mike Archambault Vice Mayor Cassie Hansen Councilmember Dennis Contino Councilmember Henry Leger Councilmember Ginny Dickey Councilmember Dennis Brown Z:\Council Packets\2010\WS3-23-2010\100323WSA.doc Page 1 of 1 REVISED 3/23/10 NOTICE OF THE WORK STUDY SESSION OF THE FOUNTAIN HILLS TOWN COUNCIL TIME: 5:30 P.M. - 7:00 P.M. WHEN: TUESDAY, MARCH 23, 2010 WHERE: FOUNTAIN HILLS COUNCIL CHAMBERS 16705 E. AVENUE OF THE FOUNTAINS, FOUNTAIN HILLS, AZ ALL WORK-STUDY ITEMS LISTED ARE FOR DISCUSSION ONLY. NO ACTION CAN OR WILL BE TAKEN. The primary purpose of work session meetings is to provide the Town Council with the opportunity for in-depth discussion and study of specific subjects. Public comment is not provided for on the Agenda and may be made only as approved by consensus of the Council. In appropriate circumstances, a brief presentation may be permitted by a member of the public or another interested party on an Agenda item if invited by the Mayor or the Town Manager to do so. The Presiding Officer may limit or end the time for such presentations. 1.) CALL TO ORDER AND ROLL CALL – Mayor Schlum 2.) DISCUSSION relating to the Town’s five-year CAPITAL IMPROVEMENT PLAN AND FUNDING OPTIONS. 3.) DISCUSSION relating to proposed FUNDING OPTIONS for the Community Service Contracts. 4.) ADJOURNMENT. DATED this 18th day of March, 2010. Bevelyn J. Bender, Town Clerk The Town of Fountain Hills endeavors to make all public meetings accessible to persons with disabilities. Please call 480-816-5100 (voice) or 1-800-367-8939 (TDD) 48 hours prior to the meeting to request a reasonable accommodation to attend this meeting or to obtain agenda information in large print format. Supporting documentation and staff reports furnished the council with this agenda are available for review in the Clerk’s office. Mayor Jay T. Schlum Councilmember Mike Archambault Vice Mayor Cassie Hansen Councilmember Dennis Contino Councilmember Henry Leger Councilmember Ginny Dickey Councilmember Dennis Brown PROPOSED CAPITAL IMPROVEMENT (CIP) PROJECTS FY2010-11 Total projects $13.5M Funding Sources: Economic Development Fund $0.3M Grants $2.7M Donations/Rebates $0.3M Stimulus/ARRA $3.1M CIP Reserves $2.1M Unfunded $5.0M Downtown Vision Plan $290K (Avenues/Lakeside) Shea Climbing Lane $1.1M Shea Widening $1.1M FH Boulevard Sidewalk $354K Downtown Sidewalk $28K Photovoltaic Installations $47K Fire Station Emergency Generators $59K Total Grants $2.7M Downtown Vision Plan $250K Photovoltaic Installations $ 33K Total Donations/Rebates $283K Shea Boulevard Gap Overlay $1.1M Fire Station #2 Relocation $2.0M Total ARRA/Stimulus $3.1M Shea Widening (match funds)$480K Annual sidewalk program $292K FH Boulevard Sidewalk $192K Unpaved alley projects $135K Shea bike lane $75K Shea gap projects $65K Traffic signal upgrades $149K Parks master plans $200K Voice/data upgrades $10K Fire station matching funds $229K Total $2.1M Currently Unfunded Projects for FY 2010-2011: Saguaro Boulevard Mill & Overlay $4.5M Annual Pavement Management $500K Total $5.0M Saguaro & Panorama Looking North Saguaro & Palisades Looking West PAVEMENT MANAGEMENT PROJECT FISCAL YEAR BUDGET 2010-2011 $515,000 2011-2012 $623,000 2012-2013 $930,000 2013-2014 $1,625,000 2014-2015 $1,706,250 TOTALS $5,399,250 Reserve Beginning Balance $10.0M Projected Revenue FY2011 $500K Budgeted Use FY2011 ($2.1M) Est. Ending Balance 6/30/2011 $8.4M Unfunded Projects included ($5.0M) Revised Ending Balance 6/30/2011 $3.4M Capital Improvement Funds are insufficient to meet the long term infrastructure needs of the Town. Without a dedicated source of funding, the infrastructure maintenance service levels of the Town will continue to decline. Bonds/Debt Service Highway User Revenue Bonds Funded by Town Share of Highway User Funds from the State General Obligation Bonds Funded by Secondary Property Tax Combination of Revenue and General Obligation Bonds Would provide funding for Saguaro Boulevard Mill & Overlay Project only Residential Property $350,000 Assessor Full Cash Value $35,000 Assessed Value (10%) Average annual tax over the life of the bond issue: $35.00 per year Would provide funding for the Saguaro Boulevard Mill & Overlay Project Would provide funding for the Annual Pavement Management project for the next 5 years Residential Property $350,000 Assessor Full Cash Value $35,000 Assessed Value (10%) Average annual tax over the life of the bond issue: $73.50 per year Would provide funding for the Saguaro Boulevard Mill & Overlay Project Would provide funding for the Annual Pavement Management Project for the next 10 years Can be phased in as projects are completed Residential Property $350,000 Assessor Full Cash Value $35,000 Assessed Value (10%) Average annual tax over the life of the bond issue: $122.50 per year How should the Town fund its long term streets/roadway infrastructure improvements? Should the Town’s citizens be involved in making the choices that will determine the pavement management service levels and funding sources for these projects? How should staff proceed? MARCH 23, 2010 Councilmembers:Mike Archambault Dennis Contino Cassie Hansen Staff:Lori Gary Julie Ghetti Mark Mayer Create a dedicated and sustainable revenue source to pay for community contracts Extend existing contracts for one more year Funding level requested by agencies: Chamber of Commerce/Tourism $150,000 Boys & Girls Club $100,000 Fountain Hills Community Theater $ 80,000 Extended Hands Food Bank $ 44,000 Total $374,000 Increase telecommunications tax from 2.6% to 3.0% Increase transient lodging (bed) tax from 2.6% to 5.0% Increase restaurant/bar tax from 2.6% to make up difference One time transfer from Economic Development (Downtown) of $50,000 to Community Fund Scenario Description Annual Amount 1 Bed Tax Telecom Tax Restaurant/Bar Tax 5% 3% 3.6% $431,000 2 Bed Tax Telecom Tax Restaurant/Bar Tax 5% 3% 3.4% $393,000 3*Bed Tax Telecom Tax Restaurant/Bar Tax 5% 3% 3.3% $374,000 4 Bed Tax Telecom Tax Restaurant/Bar Tax 5% 3% 3.0% $317,000 5 Bed Tax Telecom Tax Restaurant/Bar Tax 5% 3% 2.6% $240,000 *proposed by committee