Preserve fund plan shows large capital program, existing debt and proposed trailhead improvements; call timing and legal limits discussed

Summary

Treasure and preserve staff reviewed the McDowell Sonoran Preserve fund plan: projected Prop 0.15 revenues, existing debt tied to preserve land purchases, a multi‑year capital program with a large placeholder for the Rio Verde item, and legal constraints from the charter that guide allowable preserve expenditures.

City finance and preserve staff outlined the McDowell Sonoran Preserve fund budget and a multi‑year capital program that includes trailhead improvements, safety work and the Rio Verde Drive wildlife crossing placeholder.

The presentation is consequential because the preserve fund carries substantial debt tied to prior land purchases and the fund’s revenue flow and planned transfers determine whether the city can both service that debt and fund new improvements over the five‑year plan.

City Treasurer Sonya Andrews summarized the fund’s revenue and debt position. She said the newly adopted 0.15 percent parks and preserve sales tax projects roughly $25 million in year‑one collections, and that the existing preserve land debt has a principal outstanding of about $149.4 million at June 30 and total remaining interest and principal through 2034 of roughly…

Preserve fund plan shows large capital program, existing debt and proposed trailhead improvements; call timing and legal limits discussed

Summary

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