Common Council Regular Meeting - Includes Action Items


Print

Return to the Search Page Return to the Agenda
  Agenda Item No. G.4.       
Meeting Date: 10/04/2021  
Item Requested By: Amy Brown
Staff Contact: Amy Brown
Contact Phone Number: 928-668-0517  
Type of Agenda Item: Includes Resolution, New Business
STRATEGIC PLAN
This project addresses the below Priority Area(s) and relates to the listed Specific Initiative(s):
Not Applicable
 

 

AGENDA ITEM:
Consideration and Action Regarding Resolution No. 2292 to Dissolve the Town of Wickenburg, Arizona Public Facilities Municipal Property Corporation Which Repeals Resolution No. 1485 OR Action to Appoint Five Residents from the Public and Authorization of $2,000 for Insurance Payment OR Action to Appoint Five Residents Comprised of Two Council Volunteers and Chief Brown, Chief Temerowski and Town Clerk Brown – Approved third option of two Council and three staff members
BACKGROUND INFORMATION:
On May 16, 2005, the Council approved the creation of the Town of Wickenburg, Arizona Public Facilities Municipal Property Corporation (MPC) in order to apply for a USDA grant and loan to fund a project at the wastewater treatment plant. This loan was paid in full on July 7, 2017. We are now told that it will cost the town about $2,000 per year to insure this MPC if it is made up to residents from the public.

MPCs are a funding mechanism that the town can use in the future for projects. We currently only pay $10 per year for our annual report to the Corporation Commission. We have three options for this MPC:
  • We can dissolve the MPC by approving Resolution 2292 to repeal Resolution 1485 that created it.  Once the resolution is approved, staff will process paperwork with the Corporation Commission for dissolution. If the MPC is dissolved, staff estimates it will cost the Town between $10,000-20,000 in fees to set up a similar funding mechanism in the future. Arizona state law has also been amended over the years regarding these types of funding mechanisms.  It may not be possible to utilize this funding mechanism in the future if the MPC is dissolved.  Finance counsel would need to be consulted before issuance of any debt to assess available funding mechanisms if the MPC is dissolved.   Many cities and towns keep MPCs to be able to have this funding mechanism available and quickly respond to funding needs, as necessary.
  • We can appoint five residents from the public as the official board for the MPC and pay $2,000 per year to insure the MPC. Currently, the MPC members are listed as Dave Roberts (no longer lives in town), Ruben Madrid, and Larry Thompson, with two vacancies, so we would need to fill three seats with residents.
  • We can appoint two Council Members and three staff members to the board. All Board members have to be residents of the Town of Wickenburg. This option will keep the MPC in place and not cost any additional fees for insurance. Chief Les Brown, Chief Ed Temerowski, and Town Clerk Amy Brown have volunteered to be the three staff members. The MPC only has to meet one time per year, so there is not a large commitment to this board. The Town would also need two Council Members to volunteer to also serve on the board.
SUGGESTED MOTION:
I move to approve:
  • Resolution No. 2292 to dissolve the town’s MPC OR
  • Appointment of ________________, ________________ and _______________ to fill the three vacancies and authorize the payment of the $2,000 insurance cost from General Fund Contingency OR
  • Appointment of ________________, ________________, Les Brown, Ed Temerowski, and Amy Brown to be the board for the MPC (this will require two Council Members to fill the two slots.)
Attachments
Resolution 2292
Bylaws

<
Form Review
Form Started By: Amy Brown Started On: 08/05/2021 10:06 AM
Final Approval Date: 09/27/2021

    

Level double AA conformance,
                W3C WAI Web Content Accessibility Guidelines 2.0

AgendaQuick ©2005 - 2021 Destiny Software Inc. All Rights Reserved.