Oro Valley Considers Debt For El Conquistador Purchase
As opponents to the purchase of the aging El Conquistador Country Club for use as Oro Valley’s Town Community Center predicted, the increased sales tax will probably not cover the costs of repairs and operations. As a result, Town Manager Greg Canton is exploring the possibility of floating a bond to cover the expected overruns.
In a memo dated May 28, 2015, to Mayor Satish Hiremath and Councilmembers, Caton, and Stacey Lemos, the Town’s Finance Director discuss “CIP Funding Options for the Oro Valley Community & Recreation Center.”
The memo was created in response to purchase opponent Councilmember Burns’ comments from the May 20, 2015 regular Council meeting regarding his concerns that the Town did not plan appropriately and would need additional capital project funding for the Oro Valley Community & Recreation Center, specifically for golf course improvements and related facilities.
Burns, and Councilman Mike Zinkin have been arguing since before the deal was made that the Town’s costs projections and plan to cover them with a 1/2 cent sales tax were questionable.
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