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CC - Agendas - City Council - REGULAR - 8/29/2006
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CC - Agendas - City Council - REGULAR - 8/29/2006
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3/2/2022 4:28:20 PM
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CC - Agendas
Department
City Clerk
Sub
Clerk Records
Content
Agendas
Committee Status
Current
Document Type
City Council
Meeting Type
REGULAR
Meeting Date
8/29/2006
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Permanent
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Permanent
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Public
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COP\torey.dawson
Scan Date
3/2/2022
Record Series
GS1016, #10260
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Prescott City Council Regular Voting Meeting — August 8, 2006 Page 6 <br /> Council questions: <br /> • Starting another layer of government with a Board of Trustees? <br /> • The Board would take on new responsibilities and look at the <br /> recommendations of which lands to keep and which to dispose of; <br /> these decisions had lasting impacts on the community. <br /> • Would the Board members be volunteers? <br /> • Yes. Board would be appointed by the Governor and confirmed by <br /> the Senate. <br /> • How could a Board member be removed? <br /> • Not sure. <br /> • Who approves recommendations and moves into action? <br /> • Land Commissioner <br /> • Does Commissioner have veto power over the Board? <br /> • No. <br /> • Where does the money come from for management? <br /> • Money came from leases of the land or from the sale of the land. <br /> • A percentage of sales went to maintenance. If Badger P Mountain and <br /> Glassford Hill were preserved, would there be a management plan and <br /> how would maintenance be funded? <br /> • Not sure. <br /> Council comments: <br /> • The Board should have representatives from the Counties with State <br /> Trust Lands. <br /> • Highest and best use of the State Trust Lands should be considered as <br /> the money went to education and the property was owned by the <br /> taxpayers. <br /> • Proposition 106 allowed spending of the principal, not just the interest. <br /> It was clarified the funds could be used to supplement the State budget <br /> and the funds would first come out of earnings, not the trust and when <br /> the trust reached $7 billion it would come out of the principal. <br /> • Proposition 105 was referred by the Legislature and Proposition 106 <br /> was referred by initiative. <br />
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