Extracted text (via pymupdf)
35035 characters
Meeting Minutes
Industrial Development Authority
Regular Meeting
August 13, 2024| 7:30 a.m.
Chandler City Council Chambers
88 E. Chicago Street, Chandler, AZ
Call to Order
The meeting was called to order by President Charles Ertl at 7:32 a.m.
Roll Call
Commission Attendance
Staff Attendance
President Charles Ertl
Kristi Smith, Financial Services Director
Secretary James Baglini, Jr.
Tawn Kao, Assistant City Attorney
Treasurer Jon Lok
Matt Dunbar, Budget & Policy Director
Director Lee Kroll
Edyie McCall, Economic Development Sr. Prgm Manager
Director Shannon Wilson
Chandler Escalante, Workforce Dev. Project Manager
Karla Lange, Management Assistant
Julie Goucher, Accounting Senior Manager
Other Attendees
Zach Sakas, Bond Counsel, Greenberg Traurig, LLP
Katie Belous, Vice President, Pipeline AZ
Angela Creedon, Arizona Public Affairs Manager Intel Corporation
Carly Wakefield, Vice President of Workforce Development, Chandler Chamber of Commerce
Absent
Vice President William Nolde
Page 2 of 11
Scheduled and Unscheduled Public Appearances
None.
Approval of Minutes
1.
Director Wilson moved to approve the May 14, 2024, Regular Meeting Minutes. Director
Kroll seconded the motion. Motion approved unanimously (5-0).
Briefing Items
2.
Chandler Career Center Grant – 4th Quarter Report: Edyie McCall, City of Chandler
Economic Development Sr. Program Manager introduced Katie Belous, Vice President
of Pipeline AZ, who provided a PowerPoint Presentation to the IDA Board Members
(attached as Exhibit A) which highlighted the accomplishments related to the first
installment of grant funding for the Chandler Career Center version of Pipeline AZ,
approved by the Industrial Development Authority in November 2023.
The current solution is focused primarily on advanced manufacturing and healthcare
specific to Chandler-area employers. Ms. Belous reviewed a customized landing page
reflecting the city’s brand standards. They have developed resources mainly focused on
area employers, but also have a job seek function for users seeking local employment.
She noted that one of the things that Pipeline AZ has done to curate the experience for
Chandler employers is to restrict the job search to 10 Chandler zip codes. Additionally,
they have implemented an automated process for company tagging, which means any
Chandler employer, no matter where they do their on-boarding (i.e., any of the Maricopa
Community Colleges) will received a tagged designation to Chandler, which will bring
that employer into the flow for users to see within the system in the Chandler Career
Center. Additionally, Ms. Belous continued, while some larger employers like Intel may
designate “Phoenix” as a job location when they publish jobs to larger audiences,
Pipeline AZ will override some of those decisions to ensure that these local employers
appear inside of the Chandler Career Center solution.
Ms. Belous continued that while there is a “light” job board function within the program,
the real emphasis is on career exploration, and that is Pipeline AZ’s real value, as they
take a user through a journey by assessing their interest, which helps them build a
resume and points them in the direction for the experience, skills and education
necessary for their preferred field. On the flip side, the companies can prioritize skills
and rank importance for each position and see candidates that potentially match up to
these criteria. Pipeline AZ also provides a nexus between the job seekers and potential
Page 3 of 11
employers by allowing case managers to do a deeper dive on the analytics of the
company dynamics and the workforce and talent needs currently and, in the future, as
well as coalescing potential intern or apprenticeship opportunities and work-based
experiences to build the future workforce.
Responding to Director Kroll, Ms. Belous conveyed that Pipeline AZ works directly with
the Maricopa County School District but does not have insight to specific contacts at
Mesa-Gilbert Community College. She noted that Chandler-Gilbert district has one of
the highest activation totals, so across all of Maricopa County’s District, the First-Year
Experience is a course that is offered to incoming students. These students are invited
to create a Maricopa Pipeline account as an initiation point into the system. This initiates
a guided pathway, and they will receive assistance throughout their education to
navigate to course completion. This could include work-based experience, job
shadowing or an internship and when the student nears graduation, career services
connections are more readily available.
In response to Director Kroll, Ms. Belous explained that they are in sync with the
Department of Labor initiative and are now embarking on a project with the school of
sustainability for a focus on green-energy and clean energy jobs, so Pipeline AZ is doing
a deeper exploration and outreach to companies and finding ways that they can help
to create better awareness, especially in the largest pool of learners. Most users in the
system are K-12 students, and Pipeline AZ is approaching about 150,000 total K-12 users.
One focus is on helping these users to understand what post-secondary pathways are
available to them in Arizona. She noted that all degree program recommendation
certifications are Arizona-specific. This is a talent development effort, as opposed to a
“talent attraction” approach. She continued by adding they hope learners can see
opportunities in Arizona to advance and pursue a career, get the experience they need,
take the required courses and complete the degrees or certifications that they want in
order to move forward and ultimately stay and work in Arizona.
Responding to Treasurer Lok, Ms. Belous affirmed that local healthcare employers are
a primary focus area for Pipeline AZ. So far, they have worked directly with (Arizona
Health Care Cost Containment System) AHCCCS through American Rescue Plan, with
focus on workforce and healthcare. She noted that they onboarded over 500 provider
agencies with supportive access over the last year. A large percentage of those are
Maricopa County provider agencies, but in this upcoming effort, they will be supporting
onboarding of hospital networks and some of the larger managed care organizations
that they work closely with, including Banner, Mercy-Gilbert and all of those contracted
Managed Care Organizations (MCOs) that are really great at helping us reach their
contracted providers so surgical centers, hospitals and allied health will be one of the
focuses for activation inside of Chandler.
Page 4 of 11
Treasurer Lok noted that the zip code tagging specific to Chandler may not be as
effective in healthcare, as employees work at locations across the Phoenix metropolitan
area, so wanted to know how Pipeline AZ would handle this issue?
Ms. Belous conveyed that there is a vanity URL for the kind of entry point into the
healthcare employment exploration. It is easyhealthcarecareers.org and is a deep dive
into these career pathways. That initially started with access as an investment in home
and community-based care. She noted that these were the jobs that AHCCCS was having
a difficult time helping their provider agencies to find talent for and to keep filled.
Pipeline AZ started with Pathways from Home and Community Based Services (HCBS)
direct-care worker, direct support, and professional peer support. Since then, they have
stair-stepped into figuring out how those roles related to becoming a registered nurse,
a phlebotomist, or a radiation tech, and that's where AHCCCS really sees the
opportunity. Ms. Belous conveyed that some of those occupations that require only a
certification (versus a license) allow Pipeline AZ to show those pathways into additional
kind of opportunities by helping to get people into the healthcare queue and remain in
the industry.
Treasurer Lok asked how many interviews that Pipeline AZ has done with companies to
see what they are looking for and what classes would help them connect the bridge to
employment, specifically in advanced manufacturing? Ms. Belous reported that they
have walked alongside the team at Arizona Advanced Manufacturing Institute over the
last six years, really starting with the Boeing Boot Camp. They have also migrated the
Intel Quick-Start program into the platform and appreciate the Community College
being the convener for many of the larger area employers. She continued that Pipeline
AZ works behind the scenes to make sure everything that they are queuing up for
candidates, including describing what they have learned, the learning outcomes, the
certifications that are accomplished, and additionally what the employers are hiring for,
are inside of the platform.
Ms. Belous continued that Pipeline AZ has done more direct convening for healthcare,
but Advanced Action and the work that the City of Chandler has done with hosting
workshops and in-person sessions for employers have been the baseline for that. It has
been a great opportunity knowing the time between what companies need now, in the
moment, and what educators can provide for, training and short-term programs is a
huge opportunity. She continued by noting there's a lot of work at the national level to
create a registry called Credential Engine that takes all of the skills, certifications, alliance
and potential pathways and micro pathways and makes that data available so that they
also reference that in helping to create the kind of matching algorithm in our system.
Treasure Lok noted the Quarterly Report provide by Pipeline AZ stated that job
placement was slightly below the expected goal, is there a plan to bridge that gap?
Page 5 of 11
Ms. Belous conveyed that the reports of who has been hired come from three areas.
The first report comes from the job seekers, who are asked within their profile in the
system. Pipeline AZ verifies that the data is correct and then we add that to the
cumulative total. Similarly, within the case manager user type can also use that same
form link and enter the data related to a user that was hired on behalf of the job seeker.
Lastly, employers can report on individuals that were hired. This is also the most
challenging data to obtain, as finding an employer to actually tell you if they've hired
someone a lot of times, with large companies, is difficult. There's a complete disconnect
between the recruiters and human resources, making it difficult for recruiters, who may
never actually know who's gone all the way through the hiring process. She added that
they do ask companies for this data, and noted and there are linkages inside of the
platform where we communicate with both parties about whether anyone was hired
and what the experience was like.
Treasurer Lok asked if they have utilized any type of incentive to obtain this data? For
example, we’ll send you a pen if you tell us what happened during your experience? Ms.
Belous reported that they have done similar work in terms of employer incentives with
the healthcare initiative. There was a differentiated adjusted payment program under
AHCCCS where they provided reimbursement to the provider agency to tell us about
their utilization of Pipeline AZ. She agreed that on the job seeker side, that is a way to
get better responses. At in-person hiring events, they have utilized a person at the doors
of the event. This person sees every employer walking out of the room and provides a
survey.
Director Wilson suggested replacing that particular goal with other analytics like landing
page views, which can be tracked more effectively, because without an incentive,
tracking direct job placement is always going to be challenging.
Responding to Treasurer Lok, Ms. McCall conveyed that it has always been the intent of
providing this tool to the employers and job-seekers specific to the Chandler
boundaries. Pipeline AZ reports specifically on the data within the municipal boundaries
of Chandler, as there are many platforms that report on areas outside of Chandler. Ms.
Belous added that if job seekers were to go to the Pipeline AZ parent site, all jobs across
Arizona are available to view, and as a user, they can narrow or expand their search
radius to see matches utilizing key words.
3.
City Capital Project Funding/Bond Election Discussion: Matt Dunbar, Budget and
Policy Director outlined the details of a PowerPoint Presentation (attached as Exhibit B)
related to Capital Project Funding and a potential future Bond Election. He reported that
the city is potentially coming up to a possible bond election, and at the Mayor and
Council’s direction, he is reaching out to the various city board and commission
members to get feedback and gauge interest in serving on a Bond Election Exploratory
Committee. Mr. Dunbar relayed that Fire Station 2 was recently refurbished, and that
Page 6 of 11
project included adding an additional bay, which allows another unit to run out of that
station and noted that this project utilized bond funds. He conveyed that Fire Station 4
is slated next to be rebuilt, as it was built in the late 1980s, and costs continue to rise.
Mr. Dunbar reported that Mayor and Council have approved a 10-year Capital Plan for
the City of Chandler and public review of the list of capital projects happens on an annual
basis during the budget process. Each item on the program list is tied to a specific area
within the Council’s Strategic Framework. For the next 10 years, the total spend for the
Capital Plan is approximately $2.5 billion worth of projects. Bonds are an integral part
of this plan, with 68% of all projects being bond-funded, with the remainder being
funded by current revenues or fund balances, grants, and System Development Fees.
The last bond authorization was approved by the voters in 2021 using 2019-20 project
costs. He noted that there has been a significant inflationary impact since the last
authorization over the past 3 fiscal years. He noted that the city sells bonds every other
year, and authorization is being used up sooner than anticipated due to inflation. Based
on this data, there is a need to discuss going back to the voters for bond authorization
before the FY 2026-27 begins to bump up against these authorization thresholds. Given
that FY 2026-27 is a heavy ballot for an election year, and a desire to not overwhelm the
voters, discussions have centered around recommending a bond election to the voters
in November 2025.
Mr. Dunbar conveyed that it has been practice to go to the voters every 3 to 4 years to
increase authorization, with the exception of the 2007 election where $451 million was
authorized just prior to the Great Recession, which many projects were delayed due to
the lack of appetite for a significant property tax hike and also due to the low property
valuation during that time, which was a significant anomaly.
Responding to Director Wilson, Mr. Dunbar relayed that the city had recovered from that
recession, and property valuations are back up. He noted that the $451 million
authorization lasted much longer than expected, and the city was able to go 14 years
(until 2021) without requesting additional authorization. In 2021, $270 million in
authorization was approved, with a high percentage of voter support – around 70%.
Prior to the 2021 bond election, the Mayor and Council appointed a Bond Exploratory
Committee, with a number of sub-committees, focused on different proposed projects
and programs. Its Steering Committee brought recommendations back to the Mayor
and Council for their consideration. This was a beneficial process, because gaining
resident buy-in on projects and to understand the process more fully, committee
members were able to share this information with their friends, neighbors and circle of
influence.
Mr. Dunbar noted that the Committee selection process for the Bond Exploratory
Committee would kick-off in September, with committee meetings in October-
Page 7 of 11
November 2024, with recommendations provided to the Mayor and Council in February-
March 2025, resulting in a call for election no later than May 8, 2025.
He continued that most cities in Maricopa County are in the same boat as Chandler,
related to the need for additional bond authorization. Some are considering GO Bond
authorization, and some are considering a transaction privilege tax (TPT) increase, and
through tourism, will have a dedicated revenue source for specific debt service.
Chandler typically relies on secondary property tax for bond debt service and TPT for
operations.
Responding to Director Kroll, Mr. Dunbar noted that the last time that Chandler
increased it’s TPT rate was in 1990.
Mr. Dunbar reported that he was asked to report any feedback from the various
boards and commissions and see if there are any volunteers to potentially serve on
the Bond Exploratory Committee. The Mayor and Council will ultimately make the
appointments to this committee, but he would be happy to convey if there is interest
by any of the Industrial Development Authority Board Members.
Director Kroll pointed out that it is never a good time, but when you look at the data
and the need for appropriation and the continuing need for road construction and
repair, it is something that needs to happen, regardless of whether it is a good time or
not.
Mr. Dunbar responded that the goal right now is to maintain the property tax rate at
$0.87 per $100 of assessed value, and that is included as part of the 10-year plan. He
continued that it is the right time to go to the voters and get authorization for
additional appropriation to continue capital projects, while maintaining a flat property
tax rate.
Responding to Director Kroll, Mr. Dunbar noted that in regard to potentially raising the
TPT, one of the concerns shared with Mayor and Council is from an operating
standpoint, the current five-year operating plan is balanced. But as costs keep
increasing, in year 6-7, there may be some issues, and if operating issues arises, the
TPT is a much better funding source operationally to fund those O&M costs.
Responding to President Ertl, Mr. Dunbar relayed that the TPT rate is set by the Mayor
and Council, with public input.
Mr. Sakas added that the information Mr. Dunbar provided related to inflationary costs
is very powerful because most cities in Arizona were very stable for a long time, and
this planning was done back in the 2019-2020 timeframe, prior to the pandemic. There
is a common narrative from citizens who attend council meetings that the “city doesn’t
Page 8 of 11
know what they are doing” – however, when you consider how far out these
projections are, there was no way that when the bonds were authorized that they
could have accounted for the extraordinary inflationary pressures, supply chain issues,
labor costs, or the shortage of materials. It is a fact that everything costs more to build
today. The cities in Arizona have identified their critical infrastructure needs and their
potential delays or shortfalls based on what was authorized in the 2021 elections, with
no idea about the long-term effects, based on historical predictions and estimates.
4.
April, May and June 2024 Financials: Ms. Smith presented the April Statement of Net
Position that explained Total Current Assets with Cash in Bank of $228,521, Investments
of $1,089,828, providing Total Assets of $1,318,349. Intel application deposit of $3,000
was received and is recorded as a Current Liability. The Beginning Net Position is
$1,154,013 and a Year-to-Date Change in Net Position of $161,336, providing an Ending
Net Position of $1,315,349. The Statement of Revenues, Expenditures, and Changes in
Net Position for the month ended April 30, 2024, includes $16,800 in Operating Expenses
and Investment Income of $3,994, providing a Net Change in Net Position of ($12,806)
for April.
Ms. Smith presented the May Statement of Net Position that explained Total Current
Assets with Cash in Bank of $228,521, $2,000 in Accounts Receivable and Investments of
$1,093,989, providing Total Assets of $1,324,510. Current Liabilities for the period are
$3,000. The Beginning Net Position is $1,154,013 and a Year-to-Date Change in Net
Position of $167,497, providing an Ending Net Position of $1,321,510. The Statement of
Revenues, Expenditures, and Changes in Net Position for the month ended May 31,
2024, includes $2,000 in Accounts Receivables in Operating Income, no Operating
Expenses, and Investment Income of $4,161, providing a Net Change in Net Position of
$6,161 for May.
Ms. Smith continued with the June Statement of Net Position that explained Total
Current Assets with Cash in Bank of $228,521, Accounts Receivable of $2,000 and
Investments of $1,097,875, providing Total Assets of $1,328,396. Current Liabilities for
the period are $3,000. The Beginning Net Position is $1,154,013 and a Year-to-Date
Change in Net Position of $171,383, providing an Ending Net Position of $1,325,396. The
Statement of Revenues, Expenditures, and Changes in Net Position for the month ended
June 30, 2024, includes no Operating Income or Operating Expenses, and Investment
Income of $3,886, providing a Net Change in Net Position of $3,886 for June.
Action Agenda
5.
Discussion and possible approval of an extension of resolution granting
preliminary approval for Intel Corporation Project
Page 9 of 11
Zach Sakas, Bond Counsel for the Industrial Development Authority, conveyed to the
board of directors that Intel is requesting an extension of resolution granting
preliminary approval that the Board approved on February 13, 2024, as Intel continues
to identify project costs that will qualify for tax-exempt financing under state of Arizona
and federal laws, and additionally, according to the Arizona Financial Authority, based
on applications in process, as of July 1, 2024, there is no more 2024 volume cap
allocation available and no more applications will be accepted until further notice. Due
to these reasons, Intel requests to extend the preliminary approval for one year, through
August 13, 2025. Intel also requests a waiver of the $500 nonrefundable application fee,
which has been the Board’s practice in the past.
Mr. Sakas conveyed that the Board granted preliminary authorization to Intel to consider
a potential bond issuance in the future. The authorization expires after a six-month
period, under the IDA's standard policies and procedures. He relayed that Intel has
submitted a request to extend that authorization for one year.
He continued that the type of bonds they're trying to sell is for their wastewater
treatment plant and other improvements. In order to do this, Intel needs volume cap
for the type of private activity bonds that they plan to sell. There is a restricted amount
of volume cap allocated per state each year and Intel was hoping to apply for some
within this calendar year, 2024, however, the volume cap for 2024 is already gone. This
has been utilized for affordable multifamily housing or other types of projects. Intel will
continue to pursue volume cap in 2025 and identify eligible project components of what
they're building to eventually bond finance. Mr. Sakas conveyed that Ms. Creedon from
Intel will provide an update on the project in Arizona. He noted that the action does not
require a new resolution, the board will approve by motion to grant the extension of the
preliminary approval for another one-year period. Additionally, Intel has requested to
waive the $500 fee, which staff supports.
Responding to Director Wilson, Mr. Sakas affirmed that there is typically a surplus of
volume cap at the end of the year, however with the increase in interest rates, there are
more projects who are finding the tax-exempt financing more appealing, and who are
willing to go through the extra administrative and compliance process to secure this
funding. Additionally, there is such a push for affordable housing, that this has
consumed a large amount of the volume cap as well for these projects.
Responding to President Ertl, Mr. Sakas reported that it is Intel’s plan to potentially seek
volume cap in 2025, and that the plan was never to sell bonds immediately, as the
project was still in the design phase.
Ms. Creedon reported that Intel has had a long, successful history in Arizona and that
Intel plans for that to continue because Arizona remains an integral part of its long-term
plans and that the expansion project continues to ramp up and targets coming online
Page 10 of 11
in 2025. She continued that there has been a recent decline in Intel’s stock and Intel also
did not meet all of its earnings goals. Intel is taking some very decisive actions as a
company, to accelerate the next phase of its transformation. As part of that work, Intel
is becoming leaner, more agile, and very customer focused. This includes the broad-
based cost reductions reported on by the media. She emphasized that Arizona is a key
component of building a stronger future. The recent reduction in workforce is just part
of the effort to execute on Intel’s strategy to make them leaner and meaner. She added
that there is continued focus on sustained investments to build a more resilient and
sustainable workforce, a sustainable supply chain around the US and the world and a
heavy focus on Intel’s existing projects in Arizona. Ms. Creedon concluded it is a really
important time for Intel, who is staying hyper-focused on making the right decisions.
Responding to Director Kroll, Ms. Creedon reported that Intel has approximately 3,000
trades onsite and with the new construction, that has ramped up to over 6,000, which is
a dramatic increase when you are bringing up two new fabs. She noted they are on-
track with Fab 52 and 62. She apologized for any inconvenience related to the increased
traffic in the area but confirmed that this has been great for Chandler’s economy, which
is around $8 billion right now.
Director Kroll reiterated that as a small business owner in Chandler, he appreciates the
positive economic impact that Intel has had locally.
Responding to Treasurer Lok, Ms. Creedon related that she does not know yet how
Intel’s Arizona employees will be affected by layoffs. The plan will occur in phases,
beginning with voluntary terminations (e.g., early retirements) and then would
potentially move into involuntary, but does not know what that looks like right now for
Arizona. She offered to provide an update at a future meeting.
Director Wilson motioned to approve the extension and waiver as proposed, and
Director Kroll seconded the motion. Motion approved unanimously, (5-0).
Member Comments/Announcement
None.
Calendar
The next regular meeting will be held on Tuesday, September 10, 2024, at 7:30 a.m.
Informational Items
None.
Page 11 of 11
Adjourn
The meeting was adjourned at 8:38 a.m.
___________________________
Charles Ertl, President
Exhibit A
CITY OF CHANDLER
PLATFORM:
Chandler Career Center
SOLUTIONS
1
PIPELINE AZ
City of Chandler Platform: Features
FEATURE
SOLUTION
CUSTOM LANDING PAGE
Front-end development with Pipeline AZ integration to
registration, support assignment, and sub-pages
RESOURCE PAGE - EMPLOYER PAGE
Employers registering through this page will be tagged as
Chandler employers
USER SUPPORT
For end-users - user guides, contact support page link.
Training for City of Chandler staff and partners in admin and
management modules
REPORTING & ANALYTICS
User registration data by user type. Platform analytics and
marketing performance reporting
REGISTRATION TO CHANDLER
PIPELINE
Registrations to Chandler Pipeline AZ enables enhanced user
tracking and chandler curated content
2
PIPELINE AZ
City of Chandler Platform: Features
FEATURE
SOLUTION
CUSTOMIZED EDUCATION AND
TRAINING INFORMATION
City-curated education and training options for career pathway
content.
CASE MANAGEMENT
Case Management module for providers supporting Chandler
students and job seekers
CONNECTION TO K12 &
CHANDLER/GILBERT COMMUNITY
COLLEGE
Option to offer Chandler-supported Case Management and/or
connection to Pipeline AZ registered users
MAINTENANCE & SUPPORT
Monthly cost for ongoing enhancements, content updates,
platform upgrades
3
CITY OF CHANDLER
PLATFORM: Enhancements
Post-Launch
SOLUTIONS
4
IMPLEMENTATION
REQUIREMENTS
Chandler Zip Codes: 85224, 85225,
85226, 85246, 85248, 85249, 85286
Limit Job Scrape to
defined zip codes
Chandler provided a list of zip codes
(received above). No opportunities
outside of these zip codes (feed or
manual) will match to Chandler users
IMPLEMENTATION
REQUIREMENTS
Automated Company
Tagging
Auto select "Chandler Employer" tag
at registration if an employer registers
in one of the approved zip codes. The
employer tag would still exist on the
company page, and the company
page list can be filtered by the tag.
PIPELINE AZ
5
PIPELINE AZ
6
Registered and Authenticated Job Match
Test Account:
Email:
kbelous+hc0623@pipelineaz.com
Password: chandlerTEST1
PIPELINE AZ
7
Automated Employer Tag by Zip Code
PIPELINE AZ
8
Thank you!
@PipelineAZ
@PipelineAZ
@PipelineAZ
@PipelineAZ
We aim to rise above
the rest. Always.
For more information, reach out to
KBelous@PipelineAZ.com
To learn more as a job seeker, employer, partner or
community supporter, visit:
www.pipelineaz.com
9
Exhibit B
Capital Project Funding
Bond Election Discussion
Agenda
“What is a Bond” Video from 2021 Bond Election
https://youtu.be/x-gEyz6Y1wc?si=BRnpBsb8YRLO5ei-
2025-2034 Capital Improvement Plan (CIP)
Capital Plan Inflation Impacts
General Obligation (GO) Bond Authorization Status
Bond Election History and Timelines
Council Direction for Next Steps
Strategic Framework
Capital Needs in All Areas
Focus Areas
•Economic Vitality
•Sustainability and Technology
•Connectivity
•Neighborhoods
•Quality of Life
•Community Safety
2025-2034 Capital Improvement Plan (CIP)
$2,488,884,031
Total 10-year CIP is funded as follows
7%
Grants
68.4%
Bond
Funded
22%
Current
Revenues/
Fund Balance
1.9%
System
Development
Fees
Capital Plan Inflation Impacts
Construction
Price Index’s
new normal
Construction
Costs continue
to go up, just
not as fast
Data source: The Mortenson Construction Cost Index is calculated quarterly by pricing a representative non-residential
construction project in geographies throughout the country.
GO Bond Authorization
Bond Authorization usage higher than anticipated and will be exhausted by FY 2025-26 for Police, 2026-27 for Streets
and Parks, and FY 2028-29 for Fire. Additional Bond Authorization needed to continue capital program in these areas.
Type of Voter
Approved Debt
Available
Authorization
After 2021 &
2023 Bond
Sales
Fall 2025
Bond Sale
Remaining
Authorization
Fall 2027
Bond Sale
Remaining
Authorization
Parks/Recreation/
Museum/Arts
52,130,000
$
(40,930,000)
$
11,200,000
$
(54,825,000)
$
(43,625,000)
$
Streets
98,681,000
(72,725,000)
25,956,000
$
(75,625,000)
(49,669,000)
$
Public Safety- Police
55,340,000
(55,340,000)
-
$
(17,000,000)
(17,000,000)
$
Public Safety- Fire
15,181,000
-
15,181,000
$
(3,300,000)
11,881,000
$
Airport
494,000
-
494,000
$
-
494,000
$
Public Buildings
(Facilities)
31,050,000
(7,100,000)
23,950,000
$
(9,000,000)
14,950,000
$
Stormwater
624,000
-
624,000
$
(300,000)
324,000
$
Library
3,680,000
-
3,680,000
$
-
3,680,000
$
Subtotal
257,180,000
$
(176,095,000)
$
81,085,000
$
(160,050,000)
$
(78,965,000)
$
Landfill
4,935,000
-
4,935,000
$
-
4,935,000
$
Public Buildings
9,960,000
(6,000,000)
3,960,000
$
-
3,960,000
$
Water/Wastewater
-
-
-
$
-
-
$
Total
272,075,000
$
(182,095,000)
$
89,980,000
$
(160,050,000)
$
(70,070,000)
$
GO Bonds
cannot be
issued without
residents
authorizing
this first
GO Bond 10-Year CIP Projects
Refer to Handout
GO Bond Funded Projects ($626M) and Related Bond Authorization
•
Summarized by bond category (navy blue lines)
•
Projects not highlighted will use existing bond authorization
•
Projects highlighted in yellow need additional bond authorization to complete ($395M)
•
Supports new and existing infrastructure
Bond Election History
The City of Chandler has had
great success with residents
voting to approve bond
authorization to support the
capital plan. Since 2000 the
City has held 4 bond
elections. All with significant
education/outreach.
The table shows the bond
authorization amounts
approved in each category
since 2000.
Previous 2021 Bond Election Results
73.14% Yes
65.69% Yes
69.33% Yes
73.22% Yes
68.24% Yes
Council
direction was to
not increase
secondary
property tax
rate
Previous 49 Member
Bond Exploratory Election Committee
Purpose of Committee
Would
recommend
bond
authorization
needed for 2025
Bond Election
Bond Exploratory Sample Committee
Timeline
Committee selected
Aug.-Sep. 2024
Kick-off begins
Sep.-Oct. 2024
Committee meetings
take place
Oct.–Nov. 2024
Final Review with Finance
Sub-committee in
December 2024
Dec. 2024
Recommendation
approved by Committee
Jan. 2025
Draft report prepared
Jan. - Feb. 2025
Committee chair reports
to Mayor and Council on
recommendation and
presents executive
report
Feb. - Mar. 2025
Call for Bond Election by
May 8, 2025, for
November 4, 2025,
election
May 8, 2025
Who is in
“The Same
Boat” with
Chandler?
Chandler
Glendale
2025
Buckeye
2024
Mesa
2024
Gilbert
2025-26?
Phoenix
2023
Tempe
2024
Scottsdale
TPT- Nov
Surprise
2023
Council Direction
Begin outreach prior to formulation of a
Citizen Bond Exploratory Committee
Report back any feedback prior to Council
decision on forming a Citizen Bond
Exploratory Committee
Questions