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  • Supervisors approve road bond ordinance and implementation plan

    Sep 04, 2018 | Read More News
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    The Pima County Board of Supervisors Sept. 4 voted 4-0 (with one Supervisor absent) to approve the Bond Ordinance and Implementation Plan for Proposition 463 Regional Road Reconstruction, Preservation and Repair.

    The Ordinance and the Implementation Plan creates an additional law the county must follow when spending the proceeds of the bond, if passed. The ballot question requires bond funds be spent only on road reconstructions, preservation and repair, and the bond ordinance provides additional restrictions on how the bond proceeds would be spent. Pavement preservation

    If voters approve the bond, the county will distribute the $430 million amongst the regional jurisdictions based on a combination of total assessed value and population. The region’s municipalities – Tucson, South Tucson, Sahuarita, Oro Valley and Marana – will get about 64 percent of the funding and the county the remainder, based on that formula. 

    The county intends to repair all unincorporated county roads within 10 years and the bonds would provide the funding for the first five years of that effort. The focus of this first round of funding would be to repair the worst roads first and the implementation plan lays out how that would be accomplished. 

    The bonds will be sold in such a way so that the existing county property tax rate used to pay off general obligation bond debt, currently at 69 cents per $100 of assessed value, will not increase during the term of the bond program. The county also plans to rapidly pay off the bonds to minimize financing costs. 
    The bond, if approved, will not come close to the county’s bonding capacity limit set by state law. The county currently has about $275 million from past bond programs outstanding. Prop. 463 would bring the county to just over half its total bonding capacity.

    “The bond implementation plan has two main sections: implementation and managing the sale of bonds. The implementation section states how bond proceeds will be shared with cities and towns, includes the county’s plan for prioritizing road repair projects in unincorporated Pima County, and requires an annual list of roads to be reviewed by the Transportation Advisory Committee and approved by the Board of Supervisors prior to repair,” said Pima County Administrator Chuck Huckelberry in a memorandum to the Board of Supervisors. “It also requires the County enter into Intergovernmental Agreements with cities and towns, which will require each city and town to submit a similar road repair plan and an annual list of roads to be repaired with the bond proceeds, which also will be reviewed by the Transportation Advisory Committee prior to being transmitted to the board for approval.”

    Read the Ordinance Adopting a Bond Implementation Plan for Proposition 463 Regional Road Reconstruction, Preservation and Repair here.