2/6/2013 11:36:00 AM Council to consider backing legislative bill on water
Prescott Valley Tribune
The Town Council Thursday will consider backing state legislation that, if passed, would allocate $30 million to the Water Supply Development Revolving Fund.
The state Legislature established the fund in 2007 to help communities pay for developing water supplies, but has not contributed any money, according to a staff report to the council from Water Services Manager John Munderloh.
"The proposed allocation in the revolving fund would help Arizona communities develop water for economic security and better compete with neighboring states for job growth," Munderloh wrote.
He wrote the state Water Infrastructure Financing Authority would administer the fund and would consist of low-interest, long-term loans.
House Speaker Andy Tobin, R-Paulden, and Rep. Brenda Barton, R-District 6, sponsored the bill.
The council will consider one other action item during the special meeting: a memorandum of understanding with the Yavapai Prescott Indian Tribe for sharing gambling revenues. Under the proposed MOU, the town would act as a pass-through agency to allocate the money to several nonprofit entities.
The council meeting will begin at 5:30 p.m. and take place in the library auditorium, 7401 E. Civic Circle.
The council also scheduled a work/study session to follow the special meeting. The council may give direction to staff but takes no action during work/study meetings.
Agenda items are:
A mid-year financial review from the Management Services Department.
A traffic count program review.
Discussion regarding a gift deed of right-of-way dedication for Enterprise Parkway from the Fain Signature Group.