City Council forms Resident Bond…

Sept. 13, 2024

CHANDLER, Ariz. - Chandler City Council has approved the formation of a Resident Bond Exploratory Committee to make recommendations regarding the future use of bond financing to support the city's capital improvement program.

The Resident Bond Exploratory Committee will consist of 31 residents, representing a diverse sample of the community. These residents will make up a Steering Committee and four Subcommittees to review and identify programs requiring financing. The committee will evaluate the use of bond financing for parks and recreation, public safety, public works, facilities, sustainability and technology programs.

The Resident Bond Exploratory Committee is expected to submit its recommendations to the City Council in 2025. The City Council will then evaluate those recommendations and determine whether to call an election to seek voter authorization for bond financing.

Chandler uses bonds to fund almost 70 percent of its 10-year Capital Improvement Plan. Arizona Revised Statute requires cities to obtain voter authorization prior to selling General Obligation bonds and using secondary property taxes to fund the interest and principal.

Chandler City Council previously formed a bond exploratory committee in 2020 to evaluate the use of bond financing to support the city's capital improvement program. Voters overwhelmingly approved a series of bond questions in 2021 to finance capital improvements to modernize Chandler's facilities, parks, public safety response, streets and transportation.

Notable projects since 2021 have included the reconstruction of Fire Station No. 2, Chandler's busiest fire station, and the development of amenities at Tumbleweed Park, including the recently opened diamond sports complex and construction of the Tumbleweed Recreation Center expansion and 18-court pickleball facility.