HomeMy WebLinkAboutCouncil Executive Report 03/2022MARCH 2022
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INTRODUCTION
This issue of the Council Executive Report provides a summary of the Town’s performance
during March 2022. The information is organized in sections based on the Town’s General Plan:
LAND MANAGEMENT: How Marana plans to use the land and where the Town expects
growth.
BUILT ENVIRONMENT: Man-made structures built on the land. It is used to describe
all structures, facilities and other physical infrastructure, and includes urban and rural
development, telecommunications, utility networks, transportation systems, and sewer
treatment and conveyance systems.
PEOPLE AND COMMUNITY: Marana values its citizens, businesses and visitors and strives to
create a high quality of life. This theme ensures that citizen, business and visitor needs are
addressed equally and includes public safety, parks and recreation, economic vitality and
community involvement.
RESOURCE MANAGEMENT: Provides guidance in managing Marana’s renewable and
non-renewable resources. Elements include open space and trails, cultural resources, water
resources and energy.
COUNCILMEMBERS
Mayor Ed Honea
Vice Mayor Jon Post
Councilmember Patti Comerford
Councilmember Jackie Craig
Councilmember John Officer
Councilmember Herb Kai
Councilmember Roxanne Ziegler
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TABLE OF CONTENTS
LAND MANAGEMENT
Development Projects 4
BUILT ENVIRONMENT
Capital Improvement Projects 6
Single Family Residential Permits - By Region 7
PEOPLE AND COMMUNITY
PUBLIC SERVICES AND SAFETY
Crime Report 8
Animal Services 9
ECONOMIC VITALITY
Business Licenses 9
RESOURCE MANAGEMENT
Water/Water Reclamation 10
TOWN OF MARANA INVESTMENT PORTFOLIO SUMMARY (ATTACHMENT)
Summary for FY22 Quarter 2 --
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LAND MANAGEMENT
The following provides Development Services active projects in March. Projects can be in
process for various lengths of time and will show up for several months after initial submittal until
completed. For full project details, visit the Current and Proposed Projects Map.
COMMERCIAL NEW BUILD
1. American Furniture Warehouse (Marana Center)
2. Tangerine Distribution Center
3. Southern Arizona Logistics (Tangerine Rd/Crossroads
Trail)
4. Starbucks (Cortaro Farms Rd)
5. Quality Lube and Tune (Canada del Oro Wash)
6. Marana RV Storage (Marana Center)
7. Encantada Apartment Common Areas (Marana Center)
8. Tangerine/I-10 Replat
9. QuikTrip #1474 (Marana Center)
10. SAS Office and Shop (Tangerine Rd/Marana Tech Dr)
11. Marana Self Storage (Marana Center)
12. QDC Auto Shop (Tangerine Business Park Loop)
13. Silverbell Gateway Foundation Clubhouse
14. Bill Luke Marana (Marana Center)
15. Vroom Slide Systems (Tangerine Business Park Loop)
16. Breakers 40 Final Plat
17. Ventana Instrument Manufacturing II (Tangerine Rd/I-10)
18. Life Self-Sotrage (Cortaro Farms Rd/I-10)
19. JD Russel Hanger
20. National Self Storage Building (Silverbell/Continental
Reserve Lp)
21. Shell Building at Twin Peaks and Silverbell
22. Silverbell Gateway Distribution Center
23. Ventana Logistics Expanison (Tangerine Rd/I-10)
24. In-Self Storage RV Parking (Orange Grove/
Thornydale)
25. Golden Leaf Expansion (Ina Rd)
26. Shops at Cortaro
COMMERCIAL REMODEL
1. Circle K (Tangerine) (NEW)
2. Marana Healthcare Center Remodel (NEW)
3. Ridgetop Group (Ina Rd Bridge) (NEW)
4. Geost Clean Room (Orange Grove Rd/River Rd) (NEW)
5. Eegee’s (AZ Pavilions) (NEW)
6. Target
7. Lifted Trucks (Ina Rd/I-10) (NEW)
8. IHOP
9. Facade Remodel for Eegee’s (Ina Rd/Thornydale Rd)
10. QuikTrip Kitchen Expansion (Tangerine Rd)
11. Fry’s Grocery Pick-Up Area Remodel (Thornydale Rd)
12. Starbucks (Twin Peaks Rd/Silverbell Rd)
13. Starbucks Remodel (Ina)
14. Old Pueblo Septic (Ina Rd/Camino Martin)
15. Starbucks Remodel (Cortaro)
16. Redeemer Evangelical Lutheran (Silverbell Rd/Coachline
Blvd)
17. Fry’s Remodel (Thornydale Rd/Tangerine Rd)
18. The Gate Church (Ina Rd/Oldfather Rd)
19. Nico’s Taco Shop (Tangerine Rd/Thornydal Rd)
20. Filiberto’s (Twin Peaks Rd)
21. Filiberto’s (Cortaro Farms Rd)
22. Golden Leaf Dispensary
23. FLSmidth Krebs (I-10/Hartman Rd)
24. Ventana Logistics (Tangerine Rd/I-10)
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0
2
4
6
8
10
12
MarFebJanDecNovOctSepAugJul
LAND MANAGEMENT
COMMERCIAL BUILDING PERMIT LOCATIONS – BY REGION MARCH 2022
TOTAL PERMITS ISSUED6March
2022
13 Calendar
YTD
63 Fiscal
YTD
COMMERCIAL BUILDING PERMIT – BY TREND
5 6
12
6
5
7
6
5
4
3
1
3
1
2
6
7 7
11
7
11
7
4
3
6
REMODELS NEW BUILDINGS
2021 2022
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BUILT ENVIRONMENT
CAPITAL DESIGN & CONSTRUCTION REPORT
The following provides an update of major construction and design projects in the Town of
Marana. Visit the Current and Proposed Projects Map for a comprehensive list.
DESIGN
1. North Marana Sewer Interceptor
Budget: $10,300,000
Status: 10% Design
Fund Source: Federal
2. Civic Center Dr, Electrical Improvements
Budget: $300,000
Status: 30% Design
Fund Source: General Fund
3. MMC Drainage Improvements
Budget: $305,125
Status: 50% Design
Fund Source: General Fund
4. Twin Peaks Rd - Sandario Intersection
Budget: $1,000,000
Status: 90% Design
Fund Source: Transportation Fund
5. Gladden Farms Baseball Fields
Budget: $550,000
Status: 50% Design
Fund Source: Impact Fees
6. Shared Use Path, CalPortland Extension
Budget: $3,000,000
Status: 95% Design
Fund Source: Park Impact Fees
7. El Rio Disc Golf
Budget: $240,000
Status: 30% Design
Fund Source: General Fund
8. Twin Peaks Rd, Rattlesnake Pass Widening
Budget: $18,000,000
Status: 60% Design
Fund Source: Impact Fees, Transportation Funds
CONSTRUCTION
1. Silverbell Rd Sidewalk, Carefree to Cortaro
Budget: $315,000
Status: 0% Construction
Fund Source: Transportation Funds
2. Cortaro, Cortaro Farms Beautification
Budget: $150,000
Status: 0% Construction
Fund Source: General Fund
3. Marana Rd Realignment, Monument
Budget: $400,000
Status: 0% Construction
Fund Source: Downtown Reinvestment
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BUILT ENVIRONMENT
SINGLE FAMILY RESIDENTIAL PERMITS – BY REGION
83
Northwest Marana
Includes Gladden Farms,
Villages at Barnett
28
South Marana
Includes Saguaro Bloom,
Lazy K
35
Northeast Marana
Includes Dove Mountain,
Preserve at Twin Peaks
TOTAL PERMITS ISSUED
146 March
2022 446 Calendar
YTD 1098 Fiscal
YTD
SINGLE FAMILY RESIDENTIAL PERMITS - BY REGION (FY22)
0
50
100
150
200
MarFebJanDecNovOctSepAugJul
COMMERCIAL/OTHER PERMITS
6
Tenant
Improvement
25
Pool/Spa
Permits
69
Solar
Permits
38
22
38
98
16
52
18
86
52
28
79
159
21
29
78
128
27
37
21
85
31
25
40
96
113
36
49
198
39
20
43
102
146
28
35
83
20222021
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PEOPLE AND COMMUNITY
PUBLIC SAFETY
Crime Data – March 2022
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC TOTAL
2022 FBI CRIME NUMBERS 119 105 127 351
2022 OPERATIONAL COUNTS 123 108 130 361
5Y (2017-2021) MAJOR CRIME AVERAGE 117 94 95 306
HOMICIDE 0 1 0 1
SEXUAL ASSAULT 0 1 1 2
ROBBERY 4 1 3 8
AGGRAVATED ASSAULT 0 2 5 7
BURGLARY 7 8 2 17
LARCENY (EXC. SHOPLIFTING)48 29 40 117
LARCENY/SHOPLIFTING 58 62 75 195
MOTOR VEHICLE THEFT 6 4 3 13
**OUTSIDE AGENCY RECOVERED STOLEN 3 2 3 8
ARSON 0 0 1 1
2022 FBI NUMBERS - OPERATIONAL COUNTS - 5Y AVG COMPARISON
0
30
60
90
120
150
MarFebJan
*FBI Counts reflect implementation of FBI Rule: Concept of Same Time & Place resulting in differing counts of actual incidents and
crimers reported. **O/S Agency recovered Stolens by MPD are reported to FBI by originating agency not MPD. Data Source/
Extraction Date: Spillman OFNS, 4/1/22. Classifications may change as quality control and reclassifications occur.
Disclaimer: The accuracy of this analytical product is based on the UCR codes entered in Spillman Fields.
Crime Analyst Janice Moser
2022 FBI CRIME NUMBERS 2022 OPERATIONAL COUNTS 5Y (2017-2021) MAJOR CRIME AVG
119 119 123 117
105 108
94
127 130
95
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PEOPLE AND COMMUNITY
MARANA ANIMAL SERVICES
Service Metrics – February 2022
Pet Licenses Issued 201
Stray Pets 5
Stray Pets Returned to Owner 2
Pet Adoptions 2
Licensing Revenue $5,400
Program Donations $317
ECONOMIC VITALITY
BUSINESS LICENSES
A total of 34 business licenses were filed in March.
34
Business Licenses
13
Contractor
13
Service
3
Retail
2
Recreation
2
Mobile Food
Vendor
1
Commercial
Real Estate
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RESOURCE MANAGEMENT
WATER/WATER RECLAMATION
New Connections – March 2022
March Meter Installs 44
March Sewer Cards 60
March Water Customers 10,066
March Sewer Customers 5,790
March Gallons Billed 67.92 Million
0
10
20
30
40
50
60
70
80
DecNovOctSeptAugJulMayAprMarFebJan
Millions of Gallons Per Month
PREVIOUS YEAR CURRENT YEAR
58.7
68.162.2
Water Usage By Type / March 2022
Single Family
77%
3%
Multi-Family
5%
Commercial
7%
Construction
7%
Other Turf
1%Government
PFM Asset Management LLC
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
| pfmam.com
PFM Asset Management LLC
NOT FDIC INSURED : NO BANK GUARANTEE : MAY LOSE VALUE
Town of Marana
Investment Portfolio Summary
Quarter Ending March 31, 2022
480-271-0432
Luke Schneider, CFA, Managing Director
Annette Gaston, Senior Managing Consultant
Town of Marana as of
3/31/22Executive Summary1,2
11.Market Value and Book Value include $30,930,854 invested with the State Local Government Investment Pools 5 & 7 as of 3/31/2022.
2.Weighted average maturity includes LGIP balances and uses book values for weighting. Accrued interest and cash balances are excluded.
Account Summary Beginning Values as
of 12/31/21
Ending Values as
of 3/31/22
Market Value $44,883,439 $99,988,817
Book Value $44,990,570 $100,660,084
Unrealized Gain/(Loss)($107,131)($671,267)
Weighted Average YTM at Market 0.42%1.03%
Weighted Average YTM at Cost 0.56%0.62%
U.S.
Treasury
37%
Federal
Agency
12%
Corporate
2%
Commercial
Paper
18%
LGIP
31%
Sector Distribution
AA+
72%
AA
1%
AA-
1%
A-1
21%
A-1+
5%
Credit Quality
(S&P Ratings)
0.0%
10.0%
20.0%
30.0%
40.0%
50.0%
60.0%
70.0%
80.0%
90.0%
100.0%
$0
$10
$20
$30
$40
$50
$60
$70
$80
MillionsWeighted Average Maturity:
189 days
Maturity Distribution
Town of Marana as of
3/31/22Security Type and Issuer Compliance1,2,3
21.Investment policy dated February 2020.
2.Maturity distribution does not include accrued interest.
3.Accrual basis earnings does not include LGIP balances.
Security Type Book Value % of
Portfolio
Permitted by
Policy
U.S. Treasury $37,683,411 37%100.0%
Federal Agency $11,746,953 12%100.0%
Corporates $2,038,703 2%40.0%
Commercial Paper $18,260,164 18%25.0%
AZ LGIP $30,930,854 31%100.0%
Total Book Value $100,660,084 100.00%
Maturity Book Value % of
Portfolio
Permitted by
Policy
0-6 Months $78,695,377 78%No Limit
6-12 Months $4,602,129 5%No Limit
1-2 Years $12,662,828 13%No Limit
2-3 Years $2,789,169 3%No Limit
3-4 Years $1,910,581 2%No Limit
4-5 Years $0 0%No Limit
Over 5 Years $0 0%0%
Total Book Value $100,660,084 100.00%
Accrual Basis Earnings 1/1/22 through 3/31/22
Estimated Earnings $61,379
Total Estimated Earnings $61,379
Issuer Book Value % of
Portfolio
Permitted by
Policy
FNMA $3,251,747 3%100%
FHLB $3,701,650 4%100%
FHLMC $4,793,556 5%100%
U.S. Treasury $37,683,411 37%100%
Apple Inc $522,465 <1%5%
Blackrock Inc $503,950 <1%5%
Visa $508,691 <1%5%
Wal-Mart Stores Inc $503,596 <1%5%
JP Morgan $3,886,896 4%5%
Manhattan Asset $2,694,687 3%5%
MUFG Bank $3,891,264 4%5%
Natixis Bank NY $3,891,368 4%5%
Old Line Funding $3,895,948 4%5%
AZ LGIP $30,930,854 31%100%
Total Book Value $100,660,084 100.00%
Town of Marana as of
3/31/22Economic Update
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Current Market Themes▸The Russian invasion of Ukraine has created geopolitical uncertainty, causing significant pressure on commodity inflation▸The U.S. economy is characterized by:▹A strong labor market▹Inflation at a 40-year high▹Surging energy prices▹Depressed consumer confidence▸The Federal Reserve is tightening monetary policy▹Initiated the first of several expected rate hikes in 2022▹Balance sheet reduction likely to start soon▸The U.S. Treasury yield curve has partially inverted▹Yields on 2-year Treasury notes rose above the 10-year Treasury▹An early potential warning sign for a future recession
Portfolio Strategy▸Target the steepest portions of the Treasury
curve where the benefit of rolldown is
maximized, while maintaining a modestly
defensive tilt to offset potential further rate
increases and curve steepening.▸Increase allocations to corporate and asset-
backed securities, while moderately
decreasing allocations to U.S. Treasuries due
to widening of yield spreads.▸Maintain broad diversification by sector,
industry, and issuer, focusing on those issuers
benefiting most from the continued economic
recovery.
▸The yield curve is partially inverted as short-term rates have risen slightly above long-term rates▸The 2-year Treasury has risen 160 basis points during the first quarter
Town of Marana as of
3/31/22Treasury Yields on the Rise
4Source: Bloomberg, as 4/11/2022.
0.0%
0.2%
0.4%
0.6%
0.8%
1.0%
1.2%
1.4%
1.6%
1.8%
2.0%
2.2%
2.4%Mar-20Apr-20May-20Jun-20Jul-20Aug-20Sep-20Oct-20Nov-20Dec-20Jan-21Feb-21Mar-21Apr-21May-21Jun-21Jul-21Aug-21Sep-21Oct-21Nov-21Dec-21Jan-22Feb-22Mar-222-Year Treasury Yields
January 2020 –March 2022
Disclaimer
Investment advisory services are provided by PFM Asset Management LLC (“PFMAM”), an investment
adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp
Asset Management, Inc. (“USBAM”).USBAM is a subsidiary of U.S. Bank National Association (“U.S.
Bank”).U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for
and does not guarantee the products, services or performance of PFMAM.The information contained is
not an offer to purchase or sell any securities. Additional applicable regulatory information is available
upon request.
For more information regarding PFMAM’s services or entities, please visit www.pfmam.com.
Disclaimer
Investment advisory services are provided by PFM Asset Management LLC (“PFMAM”), an investment
adviser registered with the U.S. Securities and Exchange Commission and a subsidiary of U.S. Bancorp
Asset Management, Inc. (“USBAM”).USBAM is a subsidiary of U.S. Bank National Association (“U.S.
Bank”).U.S. Bank is a separate entity and subsidiary of U.S. Bancorp. U.S. Bank is not responsible for
and does not guarantee the products, services or performance of PFMAM.The information contained is
not an offer to purchase or sell any securities. Additional applicable regulatory information is available
upon request.
For more information regarding PFMAM’s services or entities, please visit www.pfmam.com.
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