Discussion and possible action to: (a) enter into an Intergovernmental Agreement between City of Peoria and the Water Infrastructure Finance Authority, substantially in the form as presented, (b) to accept $10,000,000 in grant funding to help pay for the Central Arizona Project and Lake Pleasant Parkway Wellfield.

The City of Peoria Council has approved Capital Improvement Project UT00523 CAP/LPP Intersection Wellfield in the FY2024 budget. This project provides for the project coordination, public involvement, pre-design studies, design, land acquisition, construction, materials testing, construction administration, utility coordination, and all related site work for the construction of five new potable water wells, approximately 9,200 linear feet of new 16-inch waterline, 1,200 linear feet of 24-inch waterline, and 3,100 linear feet of 36-inch waterline in the vicinity of Lake Pleasant Parkway and the CAP Canal.

While drilling new wells is clearly identified as a significant need in the City's Integrated Water Utility Master Plan (IWUMP), declining Colorado River supply conditions and potential impacts to the City’s CAP allocation have triggered a need to accelerate the timeline on developing new groundwater wells. These wells are crucial to providing system redundancy in the event of surface water curtailment or outages.

The State of Arizona, thanks to successful lobbying by Mayor Beck, awarded the city of Peoria $10,000,000 towards this project.  That award is distributed in the form of this WIFA grant.  The total project cost for FY2023 through FY2026 is $40,075,000.

Peoria will greatly benefit from WIFA assistance in completing this project.