HomeMy WebLinkAboutCouncil Presentation 9-24-2019 - Major Infrastructure FundingMAJOR INFRASTRUCTURE FUNDING
Yiannis Kalaitzidis, Finance Director
SEPTEMBER 24, 2019
TOWN OF MARANA GROWTH
Marana is one of the fastest growing communities in Arizona
Increased demand for:
–New assets to allow for continued growth
–Maintenance of existing, ever-increasing number of assets
Funding sources are limited due to:
–Big Dollar projects
–Maintenance vs. New Construction
–Predictability & timing of funding
COMPETITION FOR FUNDING RESOURCES
Town’s continued growth requires new funding for:
•Water Quality Projects
•Water Conveyance System Redundancy & Reliability Projects
•Storm Drainage Management Projects
•Transportation Projects –New & Reconstruct/upgrade
*Many projects have recovery element for funding
WATER SYSTEMS –VITAL FOR GROWTH
Water Quality
Projects
Water
Conveyance
&
Reliability
Projects
STORM DRAINAGE
Storm Drainage
Management
Projects
MARANA STREETS
Transportation
Projects
•New
•Reconstruct
•Upgrades
CONSIDERATION OF NEW FUNDING SOURCE
New Sales Tax
•Restricted to use for specific types of projects, including
servicing of debt
•Long term
•Regular review of level of sales tax
DISCUSSION