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Prescott Valley to adopt standalone debt policy and tighten Community Facilities District procedures

Town of Prescott Valley Town Council (Study Session) · December 5, 2024
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.

Summary

Finance staff, together with PFM advisors and bond counsel, presented a standalone debt policy tied to GFOA best practices and updated Community Facilities District procedures; staff will bring the policies forward for approval at the next council meeting, pending edits.

Prescott Valley finance staff and outside advisors told the council Dec. 5 that the town will pursue a standalone debt-management policy and updated Community Facilities District (CFD) procedures to reflect recent state-law changes and best practices.

Jaime Traho of PFM Financial Advisors reviewed the debt policy framework, which lists objectives (maintain sound…

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