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HomeMy WebLinkAboutPackets - Council Packets (1944)Town Council Meeting Regular Session April 16, 2025 Town Council Meeting Regular Session April 16, 2025 Town Council Meeting Announcements Upcoming meetings Meetings are subject to change. Check the Town website for meeting status. Stormwater Utility Commission -CANCELED April 17 Board of Adjustment -CANCELED April 22 Town Council Budget Study Session April 30 at 6 p.m. Council Chambers Town Council Budget Study Session May 5 at 6 p.m. Council Chambers Planning and Zoning Commission May 6 at 6 p.m. Council Chambers Town Council Regular Session May 7 at 6 p.m. Council Chambers 5 OV’s Path Forward Resident Working Group Meetings Topic: Land Use Thursday, April 17 5:30 - 7:30 PM Council Chambers Topic: Environment and Climate Tuesday, April 22 5:30 - 7:30 PM Online via Zoom Topic: Parks, Recreation and Trails Thursday, April 24 5:30 - 7:30 PM Online via Zoom Topic: Water Resources and Conservation Thursday, May 1 5:30 - 7:30 PM Online via Zoom The community’s next 10-year action plan OV Trails Connect Planning for future trails and paths Upcoming Meetings and Events Trail Stakeholder Group Meeting #2 (RESCHEDULED) Wednesday, May 14 5:30 - 7:30 PM Online via Zoom Visit OVPathForward.com Visit OVTrailsConnect.com Get Involved in OV’s Future! Town Council Meeting Regular Session April 16, 2025 8 Spotlight on Youth – Leeah Payne Town Council Meeting Regular Session April 16, 2025 10 Mayor and Council Reports Town Council Meeting Regular Session April 16, 2025 12 Mayor and Council Reports Town Council Meeting Regular Session April 16, 2025 14 Graduation of Youth Advisory Council (YAC) members Allison Kuester TBD Riley Goodwin UNC Chapel Hill Tanish Doshi TBD Faith Ryan ASU Barrett Taylor Rayl Northern Arizona University Sylvia Russell Cal Poly Leeah Payne University of Arizona Grayson Kang UC Berkeley Christian Kirkland University of Arizona Matthew Querimit UC Irvine Daren Crusenberry Purdue University George Li TBD Emma Kim Williams College Town Council Meeting Regular Session April 16, 2025 Presentation to Town Council April 16, 2025 Vistoso Trails Nature Preserve Agenda •Summary of Feedback •Existing Conditions Assessment •Pond Concept Plan Review •Preliminary Costs •Next Steps Summary of Feedback: •Some felt that the pond would best meet community expectations for this area. •Others had concerns about the feasibility and costs associated with a pond. •Several mentioned a desire for a water feature instead of a pond. •Several felt the focus of this area should be on water conservation rather than reintroducing a water feature. •All felt that preservation of views was important. Consider parking location accordingly. Summary of Feedback: •Several asked for a better understanding of the maintenance & costs involved in fully restoring the pond. It was also suggested to consider refilling the existing pond. •Several agreed that a small area of turf would be nice. •Several were concerned about the liability and safety risks potentially associated with having a pond. Edge safety should be a consideration. Existing Conditions: •Existing equipment is in a significant state of disrepair and would need to be replaced. •Shotcrete at edge of pond appears to be intact and may be able to remain in place. •Evidence of existing synthetic pond lining present. Liner is old, brittle, and has been significantly compromised due to age and exposure to the elements. Existing Conditions: •Existing synthetic liner should be abandoned in place and a new pond lining system should be used. •Testing should be done on existing recirculation system to see if it could be reused. •Safety shelf should be installed for public safety. 1 Acre Pond Concept Plan 2.5 Acre Pond Concept Plan Preliminary Cost Assessment: 1 Acre Pond •Install: $3,695,050 •Yearly O&M: $27,000 •Yearly Water: $36,000 Total Year 1: $3,758,058 Preliminary Cost Assessment: 2.5 Acre Pond •Install: $3,705,907 •Yearly O&M: $45,000 •Yearly Water: $90,000 Total Year 1: $3,840,907 Water Allocation: •Town receives its effluent entitlement by utilizing City of Tucson Water’s infrastructure. •If Town exceeds its entitlement, the Town must compensate the City. •Pay 93% of the ‘firm’ cost for CAP M&I water •Transfer long-term storage credits to the City •The Town currently utilizes all of its effluent entitlement. •In 2024 the Town purchased an additional 112-acre feet of effluent. The Town paid the effluent cost plus an additional $251/acre foot. •As the City moves forward with Advanced Water Purification, it is possible the Town will lose the option to purchase additional effluent from the City. •This does not include future rate increases. Next Steps: •Council direction on option for Desert Garden Site •1 acre pond •2.5 acre pond •Desert Garden •Other •Resume design on selected option •Pond Concepts will need to move to 30% design phase. Timeframe of approximately 3-4 months. •30% Design: August 2025 •60% Design: November 2025 •90% Design: January 2025 •Final Plans: February 2026 Vistoso Trails Nature Preserve Town Council Meeting Regular Session April 16, 2025 Overview of WIFA Loan Financing Town of Oro Valley, Arizona Water Infrastructure Finance Authority of Arizona (WIFA) Drinking Water Loan, Series 2025 Presented By: Mark Reader, Managing Director, Stifel April 16, 2025 WIFA Funding Objectives The Water Utility’s Northwest Recharge Recovery & Delivery System (NWRRDS) Project is a community sustainability project as it will deliver additional water resources to the Town of Oro Valley The NWRRDS Project consists of several partnered projects (already funded and under construction) and seven Independent projects (Four are already constructed with the fifth to be completed this June) Two of the seven Independent NWRRDS projects will need additional funding to complete The Oro Valley water/finance team submitted an application to WIFA for a $12 million low interest loan to fund a portion of the last two Independent projects Funding will pay for part of the Utility’s Twin Peaks Booster Station & part of the 7-Miles of Transmission main construction NWRRDS Project is slated for completion by the summer of 2026 33 Water Infrastructure Finance Authority of Arizona (WIFA) Loan Summary WIFA : State Agency which provides subsidized interest rates and Grants for Water and WW Projects Significant Application and Approval Process $12,018,000 Loan Amount with $1,012,500 (Grant/Forgivable Principal) Resulting in $11,005,000 Final Loan Amount Amortization Period : 20-Year Final Interest Rate Calculated as follow: Natural AAA General Obligation Bond Index: 4.06%* [As of 4/1/2025. Subject to change.] Discount Factor to the Town : 15% Estimated Interest Rate: 3.45%* [As of 4/1/2025. Subject to change.] Estimated Annual Debt Service: $797,000 Debt Service Payable from: Net Utility Water Revenues (no rate adjustments required to support net debt service) Construction Completed Summer of 2026 * Preliminary, subject to change until interest rate is set on or around May 21, 2025. May 2025 S M T W TH F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 34 Tentative Financing Calendar Date Event March 19th WIFA Board meeting to approve transaction in final form April 16th Town Council meeting to approve Resolution authorizing the issuance of the Loan and the form of Loan documents. May 21st Natural AAA MMD General Obligation Bond Index and subsidy using final maturity date and discount factor (subsidy) finalized. Interest rate set and final amortization determined. May 23rd Closing. Funds wired to the Trustee. April 2025 S M T W TH F S 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 Questions? Town Council Meeting Regular Session April 16, 2025 Town Council Meeting Regular Session April 16, 2025