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HomeMy WebLinkAboutPackets - Council Packets (1026)Council Meeting Regular Session & Study Session March 20, 2019 1 Town Council Meeting Announcements 2 Upcoming Meetings 3 4 Fiscal Year 2018/2019 Financial Update Through January 2019 March 20, 2019 5 General Fund 6 General Fund Highlights Local sales taxes and State-shared revenues trending on budget Revenues estimated to end year under budget by $456K Main variance in Federal/State Grants and Other Intergovernmental Offset by reductions in expenditures Expenditures estimated to end year under budget by $1.5M Estimated personnel savings of $592K Estimated operations & maintenance savings of $536K Reduced subsidy transfer to Highway Fund by $328K due to additional HURF funding Year-end fund balance estimated at $14.5M 7 Highway Fund 8 Highway Fund Highlights HURF gas tax revenues trending over budget Revenues estimated to end year under budget by $55K Subsidy transfer from General Fund reduced by $328K Expenditures estimated to end year under budget by $329K due to personnel savings and rollover of Tangerine/1st Avenue Safety CIP project Pavement preservation program expenditures estimated to end year on budget at $800K Year-end fund balance estimated at $717K 9 Community Center Fund 10 Community Center Fund Highlights Contracted revenues estimated to end year under budget by $41K Town revenues estimated to end year under budget by $135K due to contracting out tennis operations Half cent sales tax revenues estimated slightly over budget by $35K Contracted expenditures estimated to end year under budget by $62K Town expenditures estimated to end year under budget by $215K due to contracting out tennis operations Total fund surplus through January of $104K Year-end fund balance estimated at $153K 11 QUESTIONS? 12 13 Saguaro Viejos West Final Plat Town Council March 20, 2019 OV1702014 14 Preservation of Significant Saguaros Ninety-five percent (996) of ALL Saguaros (1052) will be preserved in place or transplanted on-site 512 preserved in place Includes 55 Significant Saguaros (15’-24’ with 2+ arms) Includes the 8 Saguaros conditioned to be preserved in place during conceptual design approval (24’+ with 2+ arms) 484 transplanted on-site Accounted for on Landscape Plan 56 removed from site Includes 3 significant Saguaros (16’-22’) Others do not meet salvage criteria 15 Purpose Proposed Final Plat 44 lots on 55 acres Access from Glover Road and Naranja Drive 16 acres of open space Easement for public trail Conforms to approved designs Discussion and possible action Purpose Review Model Home Architecture Splendido retirement community Expanding their campus 3 new model home designs Built on only 7 lots 16 Wilson K-8 Custom Homes Ironwood Ridge HS Estates at Capella Subject Property Ironwood Ranch La Cholla Blvd. N Glover Road Saguaro Viejos East Capella PAD Naranja Drive La Cholla Estates 17 18 Comprehensive Economic Development Strategy (CEDS) Town Council Study Session March 20, 2019 19 CEDS Plan Makes case for expanded economic development Builds on Public Input from Your Voice Our Future Current and projected situation analysis Identifies key strategies and tactics Implementation framework to General Plan and Strategic Leadership Plan 20 Overarching Goals Expand Five Year Strategy that enables job growth Retention / Expansion Talent Attraction Competitive Environment 21 Retain, Expand, and Attract Primary Employers Initial Priorities Target employers Community Needs / Priorities Modernize Community Infrastructure 22 Retain and Attract New Retail Initial Priorities Update retail assessment Oro Valley Marketplace focus Implement robust marketing programs 23 Develop an Annexation Blueprint Initial Priorities Evaluate potential for primary employment opportunities Overall community benefit Built and vacant areas Prioritize 24 Improve Town Responsiveness to Economic Development Opportunities Initial Priorities Update town codes Improve internal efficiencies and procedures Electronic plan submittal and review 25 Develop an integrated and dynamic community marketing strategy Initial Priorities Tourism investment Business location consultants Regional partners Website, social media and collateral materials Talent attraction and engagement 26 Next Steps Receive Council Feedback Revise and Shorten Document to Key Goals/Action Present to Council for Final Action Begin implementation 27 28