Sanitary District signs IGA
Last week, the Camp Verde Sanitary District met and signed the latest version of a proposed intergovernmental agreement between the district and the Town. Attorneys from both sides have been revising the document since late November.
"This is an excellent co-operative effort between the Town, District, and community," Chair Suzy Burnside said. "It's nice to have the council members and staff on the field with us instead of armchair quarterbacking."
The agreement now goes before the Town Council for final consideration and signature. The IGA discussion will be included in today's agenda at the town's last scheduled council meeting before the holidays. The council meets this evening, Dec. 15, at 6:30 p.m., in council chambers.
Among other things, the IGA stipulates the following:
• The Town will deposit $780,000 into an account held by the town in trust for the district.
Of that amount, $500,000 will go toward the purchase of the plant property ($1.1 million; $600,000 already committed in loan from Water Financing Infrastructure Authority). The deadline to commit to the purchase from the U.S. Forest Service is Dec. 22. The additional $280,000 that the town is willing to lend the district will be used for payment of an engineer to redesign the project's wastewater treatment plant.
• Once the land is owned by the district, the district will give the town a 10-acre site for a town maintenance/street yard. The payment may be used to partially repay the district's debt.
• If the district is able to eventually close on funding for its collector line project and wastewater treatment plant, the district will repay the town the $780,000 less the parcel value, upon the sale of bonds or receipt of loan monies before Oct. 11, 2005.
• If the district cannot obtain funding by the October date, the district agrees to repay the town beginning in November over a 10-year period at an interest rate of 1.75 percent per annum.
• With the idea of eventual dissolution of the district and takeover by the town, both parties agree to initiate appropriate action to cause a vote of respective qualified electors in the Nov. 8, 2005 mail ballot election.
• If approved, the district agrees to cooperate with the town in obtaining legislation necessary to accomplish such transfer and dissolution. It is understood that there will be bonded indebtedness of the district.
The two parties are attempting to work as partners in order to complete the 2001 CVSD Wastewater Treatment Plant and Expansion Project after bids came in much higher than projected.