CC - Agendas - City Council - REGULAR - 11/4/2008

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Prescott City Council Regular Voting Meeting — October 28, 2008 Page 3 ► Expected soon — Soon the City is expecting an additional 1,672 ac. ft., or something approaching that, of alternate water based primarily on recharge credits. A lot of people are not aware that when Prescott applied for alternate water supply a large part of that was based on the Big Chino Water; however the City also applied for 1,672 ac. ft. based on recharge in the AMA, which has no relevance to the Big Chino project. That means the total they can have available would be enough for a 17-year water allocation, which would bring to an approximate population of 76,000. Mr. Mechanic said that the City has plans to annex 11,000 acres, and indicated that on a map. He said that the question is who was going to pay for it and when. He reviewed the various areas possibly coming into the City and said that those three property owners (State Trust Land, Mr. Cavan, and Deep Well Ranch) should guarantee 80% of the Big Chino Water Ranch project. The value of their property is going to be doubled, tripled, even four times the value right now. Mr. Mechanic said that they are asking for a discussion because five minutes is not enough time to discuss when this will be paid for and by whom. B. Presentation of Annual Report by Carlo Pastore, President of Prescott Frontier Days, Inc. Carlo Pastore, President of Prescott Frontier Days, Inc. said that the Council all had packets that were previously handed out and on behalf of the Board of Directors, the General Manager and all the members, he extended their appreciate gratitude for the support from the City of Prescott and their partnership. He said that it has enabled the City to become nationally recognized, with this year being inducted into the Pro Rodeo Hall of Fame. Mr. Pastore said that they were able to get a meager profit this year, in spite of the economic times. They were able to pick up sponsorships that made up some of the difference. He said that they attacked the budget and cut it by $65,000. They have gotten together some of the old mindset and have had discussions with Prescott Downtown Partnership about making Frontier Days a week-long event. Councilwoman Lopas thanked Mr. Pastore for such a detailed report, stating it gave her a lot of information she had not seen before. Mr. Pastore then introduced the Board members. Councilwoman Suttles said that it has been a pleasure serving on the Rodeo Board. She said that they go through the same thing that the Council goes through in trying to cut the budget. She said that the Board meets every other Wednesday, and even though the rodeo is in town for a limited time, Prescott does rodeo 365 days a year. 5