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February 20, 2025 Resident Bond Exploratory Committee Executive Summary City Council 01 Mayor & City Council Mayor Kevin Hartke Vice Mayor Christine Ellis Councilmember Angel Encinas Councilmember O.D. Harris Councilmember Jennifer Hawkins Councilmember Matt Orlando Councilmember Jane Poston Resident Bond Exploratory Steering Committee Jay Tibshraeny, Chair Garry Hays, At Large Member Kari Zurn, At Large Member Nina Mullins, Parks & Recreation Subcommittee Chair Rick Heumann, Public Works Subcommittee Chair Trinity Donovan, Public Safety Subcommittee Chair Craig Gilbert, Facilities, Technology and Sustainability Subcommittee Chair City Manager's Office Joshua H. Wright, City Manager Tadd Wille, Assistant City Manager Dawn Lang, Deputy City Manager, CFO Andy Bass, Deputy City Manager Steven Turner, Assistant to the City Manager Management Services Department Matt Dunbar, Budget & Policy Director Resident Bond Exploratory Committee 02 The Resident Bond Exploratory Committee consisted of a seven-member Steering Committee along with four Subcommittees each with seven members. The total number of Chandler residents involved in the process was 31. Four members of the Steering Committee served as the Chairs of the Subcommittees, with two at-large members. The four Subcommittees were, Parks and Recreation, Public Safety, Facility/ Sustainability/ Technology, and Public Works. Each Subcommittee was supported by city staff to learn about department needs, potential projects, and master plans/assessments. The Steering Committee and subcommittees met nearly 30 times between September 2024 and January 2025. After subcommittees received Open Meeting Law and conflict of interest training, a financial briefing on the City's need for bonds, department overviews, and tours of various city facilities and parks, they were tasked with developing a prioritized list of capital projects to submit to the Steering Committee, following the City Council's capital guidelines to produce a capital financing plan to try to include as many projects as possible without increasing the secondary property tax rate. To do this, city staff presented projects and known community needs. Once the Subcommittees submitted their priorities to the Steering Committee and a capital financing plan was developed that did not include a tax rate increase, the Steering Committee was tasked to develop the final list of projects recommended to be included in the planned November 2025 bond election. Along with the prioritization of the projects, the Steering Committee worked with the City's bond counsel, Greenberg Traurig, LLP, to develop the questions that will appear on the November 2025 bond election ballot. On January 29, 2025, the Steering Committee voted unanimously to approve the questions on pages 14 and 15 of this Executive Summary to be included on the November 2025 bond election ballot. 03 Exploratory Committee Timeline Mayor and Council approved formation of Committee and members Sep. 12, 2024 Committee Kick-off Sep. 16, 2024 Projects reviewed with finance and bond counsel to form recommendations to Mayor and Council Jan. 2025 Committee Chair reports to Mayor and Council on recommendations and presents executive report Feb. 20, 2025 Committee meetings take place and review final recommendations with finance Oct.-Nov. 2024 Subcommittees make recommendations to Steering Committee Dec. 2024 Draft report prepared Jan.-Feb. 2025 City Council discussion of recommendations Feb.-Mar. 2025 Call for Bond Election for November 4, 2025 election May 8, 2025 Ballot language given to Maricopa County June 7, 2025 Arguments Pro/Con filed with City Clerk Aug. 6, 2025 Sample Ballot/ Informational Pamphlet mailed to voters before election Sep. 23, 2025 Election Day Nov. 4, 2025 04 Communication With the formation of the Resident Bond Exploratory Committee in September 2024, the City of Chandler assigned public information staff to the Steering Committee and each Subcommittee. Staff presented public information options in September and October to the Steering Committee and Subcommittees. The input gathered helped to create a public information campaign regarding the work of the Resident Bond Exploratory Committee. A section of the City website at chandleraz.gov/bondelection was created as the central source for resident information. The site explains the purpose for a bond election, timeline for a bond election and improvements that have been completed through past use of bonds by the City of Chandler. The site outlines the formation and structure and lists the names of Chandler residents serving on the Steering Committee and Subcommittees. Copies of all meeting agendas, meeting minutes and presentations made to the Steering Committee and Subcommittees are available on the site. A comment form was also made available for ideas and suggestions to be submitted to the Steering Committee and Subcommittees. A series of social media posts and articles was released in November to educate residents about the Resident Bond Exploratory Committee, explain past use of bonds in Chandler and participate by submitting ideas and comments. The call to action was to visit the City website to follow the progress of the Committee and use the online comment form to submit ideas for consideration. Additional public information activities will occur as the City Council receives the recommendations from the Resident Bond Exploratory Committee and determines whether to proceed with a bond election. Below is a snapshot of the Bond Election website that was established and will continue to exist. Chandler Bond History 05 The City of Chandler has had great success with residents voting to approve bond authorization. Since 2000, the City has held four bond elections. The table below shows the bond authorization amounts approved in each category since 2000. Bond Category 2000 Election 2004 Election 2007 Election 2021 Election Parks and Recreation $34,935,000 $40,600,000 $81,350,000 $72,985,000 Fire $4,655,000 $4,580,000 $14,265,000 $25,160,000 Police $3,800,000 $4,360,000 $15,745,000 $55,190,000 Art Center $4,200,000 Museum $8,500,000 $4,500,000 Streets $23,795,000 $59,095,000 $202,310,000 $85,780,000 Effluent Reuse $24,410,000 Water and Sewer $29,745,000 $36,580,000 $107,850,000 Public Buildings/ Facilities $9,960,000 $33,570,000 Library $11,255,000 Total $121,340,000 $153,715,000 $451,435,000 $272,685,000 * * City of Glendale's data only represents bond election information since 2007 06 The City of Chandler Resident Bond Exploratory Steering Committee has completed its recommendations for a General Obligation (GO) Bond Election for consideration by the City Council. The exercise was completed in January 2025 in anticipation of a planned bond election in November 2025. The recommendations are based on the City Council's commitment to: 1) Minimize secondary property tax rate flat 2) Re-imagine resident amenities scheduled for replacement 3) Prioritize aging infrastructure 4) Finish planned construction of streets, parks, fiber and utility systems 5) Prior to adding capital projects, ensure related ongoing operations & maintenance can be supported 6) Utilize master plans to guide long-term capital investments 7) Ensure sufficient bond authorization exists to complete projects desired by residents 8) Balance timely completion and coordination of capital projects with impact to neighborhoods and businesses Over a period of five months, the Resident Bond Exploratory Steering Committee reviewed and evaluated 37 possible bond projects with an estimated total cost of $728,095,600. While the committee had the opportunity to include more projects and request a higher total bond amount, it prioritized fiscal conservancy by focusing on the highest-need projects. This careful approach resulted in a reduced overall bond request while still addressing the most critical priorities. The Resident Bond Exploratory Steering Committee is pleased to provide the City Council with a recommendation of 24 projects with a $475,000,000 bond need in the areas of Fire, Police, Streets, and Parks and Recreation for approval in the November 2025 bond election. Steering Committee Recommendations Parks & Recreation $158 Million Police $46 Million Fire $88 Million Streets $183 Million If approved, this $475 million recommendation to City Council would NOT increase primary or secondary property tax rates using current projections. Steering Committee Recommendations 07 Parks & Recreation Subcommittee Project Name Bond Projected Amounts Other Funding Source or Future Bond Election Projected Amounts Existing Neighborhood Park Improvements/ Repairs $24,700,000 Existing Community Park Improvements/ Repairs $8,800,000 Existing Community/Recreation Centers Improvements/Repairs $5,750,000 Existing City Building Renovations & Repairs $5,000,000 Dr. AJ Chandler Park Renovation $10,000,000 Folley Pool Renovation $37,745,000 Mesquite Groves Park Site Phase 2 $30,265,000 Desert Breeze Park Renovation $10,000,000 Snedigar Sports Complex Renovation $20,000,000 Lantana Ranch Park Site $5,740,000 Tumbleweed Ranch $13,240,000 Tumbleweed Multi-Gen Expansion - Phase 2 Gym Expansion $19,605,000 Mesquite Groves Park Site Phase 3 $39,650,000 Total $158,000,000 $72,495,000 The Subcommittee met seven times between October and November, which included tours of City facilities like AJ Chandler Park, Snedigar Sportsplex, and Tumbleweed Ranch. The group developed consensus focusing on prioritization of aging infrastructure and maintaining existing city parks, completing construction on parks and pools, and putting a higher priority on the AJ Chandler Park renovation. They made an effort to include phase 2 of Mesquite Groves, since this project was part of the 2021 bond election, and they discussed the needs at Folley Park, which resulted in a higher ranking due to the needs in the area. The Steering Committee evaluated financial options and recommended to include all prioritized projects which are listed below with the exception of three projects, noted as the lowest priority by the subcommittee, shifted to a future bond election. All projects fit within the current and future financial constraints without increasing the primary or secondary property tax rates. Steering Committee Recommendations 08 Public Safety Subcommittee Fire - Project Name Bond Projected Amounts Other Funding Source or Future Bond Election Projected Amounts Rebuild Fire Station #284 $11,200,000 Fire Station #2812 (SDF Loan Bond Issuance) $27,125,000 Fire Emergency Vehicle Replacements $13,905,000 Remodel of Public Safety Training Bldg. A $2,945,000 Fire Support Fleet Facility $35,770,000 Total $88,000,000 $2,945,000 The Subcommittee met six times between September and December, which included tours related to Public Safety needs: Fire Station 282, Police Main Station, and fleet services for the Fire Department. The group developed consensus to separate the Fire and Police priorities into two different bond questions. Priorities for Fire include a rebuild of Fire Station 284 and a new station 2812. Most of the conversation centered around rebuilding Fire Station 284, building Fire Station 2812, and emergency vehicle replacements. Priorities for Police included Main Station renovations and radio communications equipment. The Steering Committee evaluated financial options and then recommended to include all prioritized projects which are listed below, with the exception of shifting one project to be cash funded. All projects fit within the current and future financial constraints without increasing the primary or secondary property tax rates. Police - Project Name Bond Projected Amounts Other Funding Source or Future Bond Election Projected Amounts Police Main Station Renovations $26,810,000 Radio Communications Equipment $17,380,000 Police Emergency Vehicle Replacements $1,810,000 Total $46,000,000 Steering Committee Recommendations 09 Public Works Subcommittee Project Name Bond Projected Amounts Other Funding Source or Future Bond Election Projected Amounts Street Repaving $83,610,000 Street Construction-Various Improvements $4,800,000 Traffic Signal Improvements & Repairs $8,690,000 Collector Street Improvements $1,575,000 Kyrene Road (Chandler Blvd to San Tan 202) including intersection $27,020,000 Arizona Ave./Warner Rd. Intersection $15,470,000 McQueen Rd. (Warner Rd. to Ray Rd.) Phase 1 $41,835,000 McQueen Rd. (Ray Rd. to Chandler Blvd.) Phase 2 $32,100,000 McQueen Rd. (Chandler Blvd. to Pecos Rd.) Phase 3 $13,775,000 Warner Rd. (Price Rd. To Arizona Ave.) $63,540,000 Ray Rd./Kyrene Rd. Intersection $34,660,000 Ocotillo Shared Use Path $24,985,000 Washington St. Improvements $9,835,000 Total $183,000,000 $178,895,000 The Subcommittee met five times between October and November. The group developed consensus focusing on maintaining existing infrastructure through street repaving, and collector street improvements. They placed higher priority on several upcoming street and intersection improvements, including Kyrene Road, Arizona Avenue and Warner Road intersection, and McQueen Road. The Steering Committee evaluated financial options and then recommended to include all prioritized projects which are listed below, with the exception of shifting one project to be cash funded and five to a future bond election, minimizing the size of the request. All projects fit within the current and future financial constraints without increasing the primary or secondary property tax rates. Steering Committee Recommendations 10 Facilities, Sustainability, and Technology Subcommittee Project Name Bond Projected Amounts Other Funding Source or Future Bond Election Projected Amounts Shifted to other subcommittee Citywide Fiber Upgrades $10,785,000 Existing City Building Renovations & Repairs $9,955,000 $5,000,000 (Parks) Sports Field LED Lighting Conversion $8,000,000 (Parks) Irrigation System/Water Conservation Program $3,000,000 (Parks) Rebuild Fire Station #284 $11,200,000 (Fire) Police Main Station Renovations $26,810,000 (Police) Total $0 $20,740,000 $44,010,000 determination on where these projects belonged, Subcommittee members discussed and evaluated which group was best suited to conduct the review. To gain additional insight, members participated in site tours hosted by the Public Safety and Parks & Recreation Subcommittees, allowing for a more comprehensive understanding of the projects. Based on these discussions, the Subcommittee reached a consensus to shift these projects to their respective Subcommittees for a more focused evaluation. The Steering Committee evaluated financial options and then recommended to transfer the projects listed below to be included in other bond areas or to be funded alternatively. Therefore, the committee is not requesting bond authorization for this category. The Facilities, Sustainability, and Technology Subcommittee met four times between October and November to assess city infrastructure needs. From the outset, the Subcommittee was aware that certain projects—such as sports field LED lighting conversions, an irrigation system and water conservation program, the rebuild of Fire Station #284, and renovations to the Police Main Station—overlapped with the responsibilities of other Subcommittees. Rather than making an initial Financial Considerations 11 Fiscally Sound Through Time The City of Chandler continues its tradition of fiscal strength by having strong debt management practices and maintaining AAA bond ratings from all 3 rating agencies: Moodys, Fitch, and S&P. This results in lower borrowing costs which helps ensure capital projects are completed at the lowest cost possible. A higher bond rating correlates to lower taxes and utility rates for residents. The City of Chandler has experienced remarkable growth over the past 45 years, increasing from an estimated 23,500 residents in 1980 to more than 287,000 in 2025. Current and past Councils have built a strong financial foundation and created a great quality of life for residents. Although we have come a long way from our days of farm fields, our community of innovation is aging and there are many needs as it has changed over time. As the city grew, bond elections were held more frequently. As the city ages and gets closer to build-out, much of the infrastructure shown below must be maintained or replaced to continue to provide a great quality of life for our residents. The use of bonds helps the city maintain existing infrastructure as well as build new projects, allowing for new and expanded programs and services. Selling bonds is a common practice to fund capital/infrastructure needs in a community. In order for a community to sell ad valorem debt, or debt that is based on property assessed value, commonly referred to as General Obligation (GO) bonds, state law requires a city to obtain voter approval through bond authorization. This process ensures transparency with the public and allows taxpayers to decide what community enhancements or infrastructure they are willing to pay for through property taxes. The following comparison table shows that Chandler continues to maintain a low property tax rate compared to other valley cities. * These cities do not have a primary property tax 1.0826 0.8582 0.9316 0.9800 1.4400 1.5081 2.0799 2.4291 Financial Considerations 12 Need for a Bond Election (con't.) A bond election is needed in 2025 as our community capital infrastructure needs exceed the remaining bond authorization from previous elections. The last bond election was in 2021 and due to project cost inflation, felt nationally as the economy entered a high inflationary environment, the authorization has been used at a faster pace than anticipated as project costs have increased. Additionally, as the years have progressed, there are some new projects that are anticipated to use bond Bonds are important financing tools as capital projects are typically large expenses which can use cash reserves very quickly, and having other financing tools available is critical for communities. Issuing bonds provides funds for needed capital projects and allows the city to fund land acquisitions, capital construction, equipment, and other items. The city collects primary ($0.2126) and secondary ($0.87) property tax through a resident's property tax bill, per every $100 of assessed value. The secondary property taxes collected are the dedicated revenue stream that funds the principal and interest on the city's GO bonds. The City of Chandler develops a 10-year Capital Improvement Plan (CIP) using master plans/assessments and public input, and this plan is designed to help maintain and enhance public infrastructure to continue moving the city forward and improve existing infrastructure. Projects in the CIP may be delayed or accelerated depending on changes to assessed values to keep the tax rate consistent. The debt is then paid by existing and new taxpayers that enjoy the use of the capital assets, providing better equity. Where Each Cent from Every Property Tax Dollar Goes funding. GO bond authorization is obtained by category (i.e. Streets, Parks, Fire, Police) and generally cannot shift between categories. For example, approved bond authorizations for streets cannot be used to build new parks. Bond authorization is not new debt, nor does it raise the tax rate, it simply authorizes the city to sell bonds for projects in specific categories. Bond authorization is like a credit limit to pull from when needed. To maintain the existing tax rate flat, it requires a balance between assessed values and project timing, as old debt is paid down, new debt can be added leaving taxes neutral. This balancing ensures that revenues are sufficient to pay the debt service (principal and interest) on the GO Bonds. Financial Considerations 13 Secondary Property Tax Rate - Capital Debt Capacity Analysis Statutory Debt Capacity As mentioned previously, the secondary tax rate levy pays the principal and interest on GO bonds. The GO bond debt is backed by the full faith and credit of the city, and with this funding opportunity also comes specific limitations set by state statute. Under the Arizona Constitution, the city is limited to having outstanding GO debt not in excess of 20% of the secondary assessed value for most bond categories including parks, public safety, transportation facilities, streets, etc. There is also another category for special purpose bonds, like airports and museums, which has a 6% of secondary assessed value limit. The City currently has $759,054,796 (82%) remaining in the 20% capacity classification, and $434,761,346 (98%) in the 6% classification. With the current needs in authorization, the City is still well below the capacity limitations set by the state constitution. Debt Service Fund Capacity The city’s analysis then reviewed the amount of secondary property tax revenue that would be collected annually to pay the principal and interest, or debt service, on the additional GO bonds. To achieve a no tax rate increase, it requires a balance between assessed values and tax rates. This formula (assessed value/100 x secondary tax rate = secondary tax levy) generates the tax levy or revenue required to pay the debt service on the GO bonds. State Statute formulas set max assessed value growth at 6.20% for the first 5 years, then 1.22% annually. Utilizing this assessed value growth would have In Summary The capital projects included in the bond election authorization recommendation, based on current assumptions, will not cause secondary property tax rates to increase. allowed for up to $620 Million in additional bond projects without raising the existing property tax rate. However, the Resident Bond Steering Committee agreed that a more conservative approach would be in the best interest of the city. Therefore, the bond projects recommended reduced the assessed value projection to 4.50% increase annually for 5 years, then 1.22% annually. Since the City is still adding new property and trends have exceeded this for many years, these estimates were agreed to be conservative. With the secondary property tax levy set at a certain level, in order to gain more capacity in the Debt Service Fund to sell new bonds for new projects, revenue must increase or debt must be paid down. The city is paying down debt throughout the projection, but an additional revenue source is also being used to pay the new debt: System Development Fees (SDFs), or Impact fees. Chandler was one of the first municipalities to implement Impact fees in the 1990s. These fees are charged as building permits are pulled in Chandler to help offset the cost of growth-related capital projects. As capital or infrastructure was needed prior to the related growth happening, the City utilized GO bond funds to build the projects and Impact fees will pay back the Debt Service Fund in the future as revenues come in from the growth. Chandler is at a point in its lifecycle that many growth projects have been built, Impact Fee revenues have been received, and they can now be used to pay back the Debt Service Fund. By adding these loan repayments into the Debt Service Fund, the city can maximize the number of projects being requested without increasing the tax rate. 14 Proposed Ballot Questions The Steering Committee met with the City's bond counsel in January 2025 to review the questions they drafted for the ballot and why they were written as presented. Zach Sakas from Greenberg Traurig, LLP, provided a history of bonds in Arizona and rules set by State statute that must be followed during the bond election process. The Steering Committee had an in depth discussion about keeping the verbiage general as to not limit future City Council's ability to perform and complete projects. Most of the Steering Committee's discussion centered around combining Public Safety - Fire and Public Safety - Police into one question. Historically, the City has not combined those two questions so the Steering Committee chose to keep them separated. On January 29, 2025, the Steering Committee voted unanimously to approve the four questions below to be included on the November 4, 2025 bond election. GENERAL PROVISIONS FOR THE BOND QUESTIONS The following are general provisions that apply to the bond questions. Specific information for the authorized purposes is set out in the bond questions. • The bonds may be issued in one or more series, as tax-exempt or taxable bonds. • The bonds may be issued in the denomination of $5,000 each or multiples thereof. • Interest rates may be fixed or variable but shall not exceed eight percent (8.0%) per annum. • Interest may be evidenced by separate certificates and will be paid on July 1 and January 1 or more frequently. • The bonds, and any bonds issued to refund the city’s bonds, may be sold at prices that include premiums not greater than permitted by law. The bonds may be refunded by the issuance of refunding bonds with a weighted average maturity less than 75% of the weighted average maturity of the bonds being refunded. • Each series of bonds will mature over a period not to exceed twenty-five (25) years from their date of issuance. • Bonds will mature on the days of each year determined by the City Council. • The city may contract for, and may apply bond proceeds to the payment of, letters of credit, surety bonds, lines of credit or other credit or liquidity support in connection with any one or more series of bonds. • Bond proceeds may be used to pay for all legal, accounting, financial, consulting, architectural, design, engineering and construction management costs, if applicable, and all other costs incurred in connection with the issuance of the bonds and the purposes set forth in the questions. QUESTION 1 ENHANCE CHANDLER’S PARKS AND RECREATION AMENITIES TO IMPROVE QUALITY OF LIFE IN THE COMMUNITY Shall the City of Chandler, Arizona, be authorized to issue and sell general obligation bonds of the city in the principal amount not exceeding $158,000,000 to provide funding for community, neighborhood and regional parks, aquatic centers, arts and cultural centers, recreational facilities, buildings and improvements? Projects may include, but are not limited to those intended to: • Renovate and improve existing neighborhood and community parks, recreational facilities and buildings, • Design and construct new city parks and recreational facilities, buildings and improvements, • Construct or improve multi-use fields, playgrounds and other facilities at city parks, which may include Snedigar Sports Complex, Desert Breeze Park, Mesquite Groves Park, and Dr. A.J. Chandler Park, and • Renovate and improve existing pools and aquatic centers, which may include Folley Pool. Generated funds will be used to pay for all necessary design, acquisition, construction, reconstruction, improvement, repair, renovation, equipment and installation and associated costs including the acquisition of land or interests therein necessary for such. These bonds will be issued as general obligation bonds and the issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on bonds, unless the governing body provides for payment from other sources. 15 Proposed Ballot Questions QUESTION 2 KEEP CHANDLER STREETS SAFE AND IMPROVE TRAFFIC FOR CHANDLER RESIDENTS Shall the City of Chandler, Arizona, be authorized to issue and sell general obligation bonds of the city in the principal amount not exceeding $183,000,000 to provide funding for streets, avenues, alleys, highways, transportation and shared use path improvements, related equipment, technology and communication systems, and traffic signals, signal control systems and signage to keep streets safe and improve traffic flows for city residents? Projects may include, but are not limited to, those intended to: • Repave and repair existing streets and intersections in the city, • Improve and repair traffic signals and signal control systems, • Improve city streets, which may include improvements to McQueen and Kyrene Roads, • Improve city intersections, which may include the Arizona Ave./Warner Road intersection and Kyrene Road/ Chandler Blvd. intersection, and • Design and construct shared use paths. Generated funds will be used to pay for all necessary design, acquisition, construction, reconstruction, improvement, repair, renovation, equipment and installation and associated costs including the acquisition of land or interests therein necessary for such purposes. These bonds will be issued as general obligation bonds and the issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on bonds, unless the governing body provides for payment from other sources. QUESTION 3 ENHANCE CHANDLER FIRE DEPARTMENT SERVICES AND RESPONSE THROUGH IMPROVED FACILITIES AND EQUIPMENT Shall the City of Chandler, Arizona, be authorized to issue and sell general obligation bonds of the city in the principal amount not exceeding $88,000,000 to provide funding for public safety and fire facilities and improvements, related equipment, vehicles, technology and communication systems? Projects may include, but are not limited to, those intended to: • Construct a new city fire station and related public safety facilities, • Repair and renovate existing city fire stations and related public safety facilities, and • Acquire emergency vehicles which may include fire engines and ladder trucks. Generated funds will be used to pay for all necessary design, acquisition, construction, reconstruction, improvement, repair, renovation, equipment and installation and associated costs including the acquisition of land or interests therein necessary for such purposes. These bonds will be issued as general obligation bonds and the issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on bonds, unless the governing body provides for payment from other sources. QUESTION 4 ENHANCE CHANDLER POLICE DEPARTMENT SERVICES AND RESPONSE THROUGH IMPROVED FACILITIES AND EQUIPMENT Shall the City of Chandler, Arizona, be authorized to issue and sell general obligation bonds of the city in the principal amount not exceeding $46,000,000 to provide funding for public safety and police facilities and improvements, related equipment, vehicles, technology and communication systems? Projects may include, but are not limited to, those intended to: • Renovate and improve the city Police main station, • Acquire technology and radio communication equipment to enhance police responsiveness, and • Acquire emergency vehicles. Generated funds will be used to pay for all necessary design, acquisition, construction, reconstruction, improvement, repair, renovation, equipment and installation and associated costs including the acquisition of land or interests therein necessary for such purposes. These bonds will be issued as general obligation bonds and the issuance of these bonds will result in a property tax increase sufficient to pay the annual debt service on bonds, unless the governing body provides for payment from other sources. Next Steps 16 Once the Resident Bond Exploratory Steering Committee Executive Summary has presented to City Council, there are certain deadlines that must be met in order for an election to occur on November 4, 2025, as dictated by State statute. The City Council will be reviewing the proposal submitted by the Steering Committee until April 2025. If the City Council accepts the proposal submitted by the Steering Committee, they must call for an election by resolution no later than May 8, 2025. The official ballot language must then be submitted to Maricopa County by June 7, 2025. Once the ballot language has been submitted, the general public will have the opportunity to write an argument for or against the questions on the ballot. Those pro/con arguments must be filed with the City Clerk no later than August 6, 2025. The City then must mail a sample ballot with the informational pamphlet to all registered Chandler voters by September 23, 2025. If all these deadlines are met, then the election will proceed as planned on November 4, 2025. Date Description February 20, 2025 Bond Steering Committee recommendations report finalized. Briefing to City Council by Steering Committee Chair at Work Session March - April 2025 City Council discussion of recommendations May 8, 2025 By resolution the City Council Calls for an Election and approves ballot language June 7, 2025 Ballot language submitted to Maricopa County July 7, 2025 - August 6, 2025 Arguments Pro/Con filed with City Clerk September 23, 2025 Sample Ballot/Informational Pamphlet mailed to voters before election October 6, 2025 Last day for voters to register for election October 8, 2025 First day to mail out ballot November 4, 2025 Election Day November 24, 2025 Deadline for City Council to canvas the election Frequently Asked Questions 17 What are General Obligation Bonds? General Obligation bonds are funds borrowed by the city for specific public purposes. Bonds enable a city to complete larger projects that would otherwise be unaffordable or unachievable. Authorization to borrow must be approved by voters and are repaid with property tax revenue. The amount of money borrowed, plus interest, is then repaid over a period of time (usually 20 years) using the debt service portion of the City’s property tax rate. The last time the City of Chandler held a bond election was in 2021. If the bonds are approved, will property tax rates go up? No. In order to achieve no tax rate increase, it requires a balance between assessed values and property tax rates. Projects may be delayed or accelerated depending on changes to assessed values. As debt is paid down, new debt can be added, leaving taxes neutral. How were the projects selected? A 31 person Resident Committee was appointed by the Mayor and City Council to review, prioritize, suggest, and recommend bond projects going before the voters. The 31 volunteers met for three to five months obtaining feedback from the community and recommendations from City staff. If the bonds are approved, how soon will construction begin? Construction could begin as soon as one year after the election for some projects. Others projects may not be built until five to ten years after the election. What will happen if the bond questions do not pass? These projects may remain unfunded and may not be built. Some of the projects may continue forward with a different revenue source. Additionally, many of the projects focus on aging infrastructure which could impact operational costs long-term. What if all the bond authorization is not used? Bond authorization never expires. If there is authorization remaining after all the projects are completed, then the City Council can consider other similar projects. What will be the date of the bond election if called by the City Council? Election day is on November 4, 2025. Steering Committee Jay Tibshraeny, Chair Garry Hays Kari Zurn Nina Mullins Rick Heumann Trinity Donovan Craig Gilbert Dawn Lang- Staff Liason Steven Turner- Staff Liaison Matt Dunbar- Finance Liaison Tera Scherer- Staff Admin Matt Burdick- CAPA Staff Parks and Recreation Subcommittee Nina Mullins, Chair Jake Arians Peppur Chambers David Gonzales Jeggy Krishnamurthy Jacob Marson Mikayla Qian John Sefton- Staff Liaison Kim Moyers- Staff Liaison Mickey Ohland- Staff Liaison Sandy Popovich- Staff Admin Toni Smith- CAPA Staff Public Works Subcommittee Rick Heumann, Chair Chris Dobson Jennifer Hawkins Terri Kimble Spike Lawrence Duane Lidman Heidi Paakkonen John Knudson- Staff Liaison Ryan Peters- Staff Liaison Raquel Diaz- Staff Admin Toni Smith- CAPA Staff Public Safety Subcommittee Trinity Donovan, Chair Bill Crawford Shannon Portillo Cicely Rocha-Miller Charles Schinke Michael Simon Nora Ellen Chief Bryan Chapman- Staff Liaison Chief Tom Dwiggins- Staff Liaison Haley Bartosik- Staff Admin Cassandra Gutenson- Staff Admin Matt Burdick- CAPA Staff Facilities, Sustainability, and Technology Subcommittee Craig Gilbert, Chair Aarthi D'Costa Ed Hines AJ Kurdoglu Erica Maxwell Rachna Nath Larry Rother Sandip Dholakia- Staff Liaison Steven Turner- Staff Liaison Mike Hollingsworth- Staff Liaison Dani Amaya- Staff Admin Jennifer Honea- CAPA Staff Thank You to All Our Residents Who Volunteered Their Time and Talents to this Process