HomeMy WebLinkAboutPackets - Council Packets (345)Council Meeting
Regular Session
April 19, 2017
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Town Council Meeting Announcements
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Upcoming Meetings
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Naranja Park
Public Comment
Funding and Construction
of Additional Sport Fields and Amenities
April 19, 2017
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Background
At the April 5, 2017 Town Council meeting, staff presented a proposal to build and finance additional sport fields and related amenities at Naranja Park.
Council requested bringing this item back for public comment on April 19, 2017.
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Recent History of Naranja Park
In 2014, the Town began the process of updating the (2002/2007) Naranja Park Master Plan
April 2015, Town Council approves the Naranja Park Master Plan Update
December 2015, Town Council approves $2.3 million to start phased development at Naranja Park
June 2016, Town Council approves $350,000 (FY16/17) and $380,000 (FY17/18) for two additional multi-sport fields
November 2016, 70% voter approval of the General Plan
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Proposal Per Community Request
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General Obligation (GO) Bond
Financing Plan
Estimated $17 million GO bond
$16.7M project costs + related bond issuance costs
20-year bond
Annual principal and interest estimated at $1.4 million
Requires voter approval in November election
Implementation of voter-approved secondary property tax
Dedicated specifically for paying principal and interest on GO bonds
Sunsets at end of 20-year bond term, reauthorization requires voter approval
Estimated average secondary property tax rate
$0.22/$100 of assessed valuation
$4.50/month per household with a home value of $250,000
$39.35/month per commercial property with value of $1.2 million
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Naranja Park Proposal
Public Comment
April 19, 2017
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FY 2017/18
Town Manager’s Recommended Budget
April 19, 2017
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Overview
Budget timeline
Budget snapshot
Strategic Plan focus areas
Budget highlights
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FY 17/18 Budget Timeline
MARCH 1
Department budget requests due to Finance
JANUARY
One-on-one meetings with Councilmembers to outline budget priorities
Following same timeline as in previous years
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Budget Snapshot
FY 2017/18 Town Manager’s Recommended Budget
Recommended Budget total = $123,192,755
$2.7 million, or 2.1%, decrease from Adopted FY 16/17 Budget
Decrease is due to $8 million in bond capacity budgeted in FY 16/17
General Fund $515,000 planned use of reserves for one-time expenditures and ending fund balance of $11.7 million (32% of expenditures; policy is 25%)
Estimated $1.7M increase in General Fund reserves in FY 16/17
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Economic Development
Complete Community
Parks and Recreation
Public Safety
Town Assets
2017 Strategic Plan Focus Areas guided the development of the FY 2017/18 Recommended Budget
Strategic Plan Budget Focus Areas
Water Resources and Energy
Cultural Resources
Land Use and Design
Transportation
Cost of Services
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Local Economy and Economic Development
Growth projections
300 single family residential (SFR) permits forecasted
Continued commercial development activity
License & permit revenue growth projected at 28% in the General Fund
Local sales tax revenue growth projected at 10% in the General Fund
Use of one-time revenues for one-time expenditures
Transfer of $1.8 million in one-time revenues from General Fund to the General Government CIP Fund for capital projects
Economic Development
Continued funding for the Greater Oro Valley Chamber of Commerce ($30K) and increased funding for Visit Tucson ($275K)
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Staffing, Compensation and Benefits
Continued commitment to step increases and performance merit increases
Public Safety Personnel Retirement System rate increase from 23.66% to 34.85% ($900K General Fund impact)
Four (4) new full-time positions
Two (2) school resource officers
Public information officer (PIO) sergeant
IT network administrator
20% health insurance premium increase; 21% dental insurance premium decrease
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Parks, Recreation and Cultural Development
Community Center Fund is balanced, with expenditures fully covered by operating revenues and half-cent sales tax
Significant capital investment budgeted for FY 17/18
Two new lit multi-use fields at Naranja Park - $1.0M
Community Center energy efficiency improvements - $450K, tennis court improvements - $75K, and golf cart path improvements - $50K
Steam Pump Ranch historic preservation - Pusch House improvements and Proctor Leiber House rehab design costs - $65K
Park and Aquatic Center improvements - $95K
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Transportation and Town Assets
Three major PAG and RTA-funded road widening projects
La Cholla, from Overton to Tangerine - $1.9M
Tangerine, from La Cañada to Shannon - $1.7M
Lambert, from La Cañada to Rancho Sonora - $4.6M
Water Utility main relocations associated with road widening projects - $1.1 million
Pavement preservation program - $1.5M
Police evidence and substation facility - $2.6 million
Magistrate Court remodel and new seating - $200K
Traffic signal at La Cañada and Community Center entrance - $500K
Continued vehicle and computer replacement program
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Year-over-Year Budget Comparison
Financial Overview
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Budget by Category
Financial Overview (Continued)
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Budget by Fund
Financial Overview (Continued)
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Financial Overview (Continued)
Capital Improvement Program (CIP)
Total CIP projects = $19.4M Town-wide
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Awards and Accolades
Government Finance Officers Association (GFOA) Distinguished Budget Presentation Award – 9th consecutive year
GFOA Certificate of Achievement for Excellence in Financial Reporting – 23rd consecutive year
GFOA Popular Annual Financial Reporting (PAFR) Award – 4th consecutive year
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