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HomeMy WebLinkAboutPackets - Council Packets (4)Council Meeting Regular Session January 6, 2016 1 Town Council Meeting Announcements 2 Upcoming Meetings 3 4 5 Capital Project Funding Sources Distinction 6 7 Public Hearing Proposed Increase in Water Rates, Fees & Charges for Oro Valley Water Utility January 6, 2016 8 Mayor & Council Water Policies Water Utility is self supporting with rate-based revenues Water rates and charges reviewed annually Debt service coverage of 1.30 Cash reserve of at least 20% of operating budget Avoid sudden or large scale shifts in rates – minimize rate shock Rate structure to encourage water conservation Rate structure to encourage use of reclaimed water Cost of service approach (AWWA methodology) 9 Preferred Financial Scenario Water Rates Analysis Five-year revenue and expenditure projections - Begin with actual budget for FY 15-16 Analysis of the three funds within the Utility Propose new debt to finance capital in future years Propose small rate increases each year - Only approve rate increase for the first year Debt service coverage ratio Cash reserve balance Meets all revenue requirements 10 Revenue Projections – Water Use Trends 11 Revenue Projections - Water Use Trends 12 Cost Increases Operations & Maintenance - Electric power costs – TEP rate increase - Cost to purchase CAP water Capital - Pipeline relocations due to roadway construction Debt Service - WIFA loan: AMI project & future existing system improvements 13 Proposed changes in water rates: Preferred Financial Scenario Increase in potable and reclaimed water commodity rates Increase in potable and reclaimed construction water rates Increase in construction meter security deposits The following rates will not be changed: The monthly base rates for potable and reclaimed water The groundwater preservation fees for potable and reclaimed 14 Water Rate Comparison 15 Customer Impacts 16 Security Deposits for Construction Meters Proposed Changes to Service Fees Security deposits reduce the Utility’s financial loss if a contractor does not pay their final bill and allows the Utility to recover losses associated with lost or damaged equipment. Security deposits are refunded in full when the meter is returned in good condition and the final bill is paid. Current security deposit $1,200 Proposed security deposit $2,300 17 Schedule 11/09/15 Commission recommendation 12/02/15 Town Council adopted Notice of Intent 01/06/16 Public Hearing to adopt new rates 02/06/16 New rates become effective 03/10/16 Begin billing at new rates 18 Recommendations Water Utility Commission recommends approval of the water rate increase Water Utility staff recommends approval of the resolution increasing the water rates, fees and charges for the Oro Valley Water Utility 19 20 Verde Catalina Townhomes Planned Area Development Town Council Meeting January 6, 2016 21 Purpose Request from Verde Catalina Townhomes HOA Rezoning from R1-144 to Planned Area Development Create zoning standards to match existing site conditions Align zoning with General Plan Map Oracle Road 22 Camino Cortaro Oracle Road 23 Large Lot Zoning Versus Townhome Zoning Oracle Road 24 Timeline 1972: Townhomes constructed in Pima County under large lot zoning (SR) 2003: Property annexed and translated to large lot zoning (R1-144) 2011-2015: Variances granted to allow typical building additions 2014: HOA submitted application to resolve issue 25 PAD Development Standards Based on R-4 standards Permitted uses Building setbacks Building height Lot size Oracle Road 26 General Plan Conformance LDR HDR NC School C/RC LDR LDR HDR NC Oracle Road Hardy Road 27 Public Participation Two neighborhood meetings Two HOA meetings HOA Board support 28 Summary The PAD zoning standards match the existing site conditions Request conforms with the General Plan and Zoning Code Planning and Zoning Commission recommends approval 29 30 Typical Setback Issues Example 31 R1-144 Versus R-4 *Expansions into front yard may be permitted by Planning and Zoning Administrator **Each lot must maintain 250 square feet of uncovered living space in rear yard 32 Zoning Map 33 General Plan Map LDR HDR NC School C/RC LDR LDR HDR NC 34 35 Jim Seppala Verde Catalina Townhomes Rezoning Chairman 36 Oracle Road Magee Road 37 38 39 40 Oracle Road 41 42