Scott McCarty, Deputy Town Manager/CFO
Town of Queen Creek, Arizona
Town of Queen Creek, Arizona
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At the Nov. 19 meeting, the Queen Creek Town Council approved investing in a water supply that will allow the Town to become water self-sufficient. The Council approved funding a second purchase from Harquahala Valley, transitioning away from local groundwater pumping and replenishment obligations through Central Arizona Groundwater Replenishment District (CAGRD).
The Town approved to fund the additional 12,000-acre feet of water (1.2-million-acre feet over 100 years) using Water Infrastructure Financing Authority of Arizona financing and Certificates of Participation for an amount not to exceed $250 million. This is a historic investment for today and the future. The price of water continues to rise. And the water from Harquahala Valley is a reliable source, not subject to drought conditions and significantly reduces local groundwater pumping.