HomeMy WebLinkAbout04/03/2001 Study Session Minutes PLACE AN~D DATE
Marana Town Hall, April 3, 2001
I. CALL TO ORDER
By Council Member Harn at 5:43 p.m.
PLEDGE OF ALLEGIANCE.
Led by Council Member Ham
II. ROLL CALL
COUNCIL Excused
Bobby Sutton, Jr. Mayor
Jim Blake Council Member Present
Ora Mae Harn Council Member Present
Ed Honea Council Member Present
Herb Kai Council Member Excused
Roxanne Ziegler Council Member Present
Carol McGorray Council Member Present
STAFF..
Michael Hein Town Manager
Jocelyn Entz Town Clerk
Roy Cuaron Finance Director
Jim DeGrood Development Services Administrator
Farhad Moghimi Town Engineer
The list of public attendees is attached.
III. GENERAL ORDER OF BUSINESS
A. Discussion - Improvement Districts (Roy Cuaron)
Mr. Cuaron introduced Michael Cafiso, bond counsel for the Town, and Mark
Reader, bond underwriter. Mr. Cafiso gave a rather lengthy description of
the process necessary to form an improvement district, how they are funded
and how the obligation is paid for by property owners. The process is
described in the attachment to these minutes.
Council Member Kai joined the dais at 5:45 p.m. and Mayor Sutton joined the
dais at 6:03 p.m.
Mr. Hein briefed Council on the pros and cons of establishing private
improvement districts and how they differ from community facilities
districts. One project the Council may wish to consider funding through an
improvement district would be the Tangerine Loop Road in northern
Marana. Other types of projects that would lend themselves well to an
improvement district were also discussed.
A general discussion followed regarding establishing improvement districts
and the potential liability for the Town.
IV. ADJOURNMENT
Upon motion by Council Member Blake and seconded by Council Member
Honea, the Council voted unanimously to adjourn the meeting at 6:40 p.m.
CERTIFICATION
! hereby certify that the foregoing are the true and correct minutes of the Marana
Town Council study session held on April 3, 2001. I further certify that a
quorum was present.
N~n~e