Cholla District Weekly Update
April 16, 2021
Cholla District Pavement Management & Construction Updates
  • 79th Avenue, Bell Road to Union Hills Drive Removal and reconstruction of corner sidewalk ramps, as necessary, is currently taking place to prepare for a Thin Mill and Overlay to take place late Spring 2021.
  • Streets between Beardsley Road and Deer Valley Road, between 67th Avenue and 75th Avenue Slurry Seal application is currently taking place.
  • Streets between Bell Road and Union Hills Drive, between 51st Avenue and 55th Avenue Latex Modified Surface Seal (LMSS) application to begin April 26.
  • Streets between Grovers Avenue and Union Hills Drive, between 55th Avenue and 59th Avenue Slurry Seal application to take place Spring 2021.
  • Behrend Drive, east of 59th Avenue Slurry Seal application to take place Spring 2021.
  • Streets between Union Hills Drive and Beardsley Road, between 59th Avenue and 67th Avenue Latex Modified Surface Seal (LMSS) application to take place late Spring 2021.
  • 64th Drive, Union Hills Drive to Sack Drive Slurry Seal application to take place Spring 2021.
  • Sack Drive, 64th Drive to 67th Avenue Slurry Seal application to take place Spring 2021.
  • Parkside Lane, 67th Avenue to 61st Drive Slurry Seal application to take place Spring 2021.
  • 65th Lane, Parkside Lane to Pinnacle Peak Road Slurry Seal application to take place Spring 2021. 
Council Action Updates & Information
Public Safety Pension Financing

All municipalities in Arizona are responsible for funding the pension of their public safety personnel. Glendale's public safety pension programs are managed by the Public Safety Pension Retirement System (PSPRS), which is a statewide program. The City of Glendale currently contributes over $30 million per year from its General Fund to public safety pensions. Unfortunately, due to past shortfalls and the Great Recession of the late 2000s, Glendale's public safety pension system is severely underfunded. 
 
The Glendale Police pension is funded at only 49.4% and the Glendale Fire pension is funded at only 58.8%. In order to take a positive step in responsibly tackling these costs, the city is pursuing an innovative and proven program that is currently in use by other municipalities. The program utilizes a Certificates of Participation (COP) financing method to help fund and stabilize our public safety pensions. By implementing a COP program, the city can take advantage of historically low interest rates and maximize savings to the taxpayers. To qualify for the financing, the city will leverage a portfolio of existing real property assets that it owns. The savings for a single month are as much as $1,000,000 in the first year. The total anticipated savings is $138 million over a 17 year span. This is an average of $8 million per year or $680,000 per month. 
 
The primary objectives of the COP is for the City of Glendale to achieve 90% funding of its public safety pension plan, reduce the city’s annual debt payments, savings to Glendale taxpayers, and to set up a reserve fund to minimize the risk of changing market and actuarial assumptions. 
 
Many Arizona jurisdictions have already taken advantage of current favorable interest rates and many others are considering this type of innovative opportunity to address unfunded liabilities in their public safety pensions. 
 
Our Police Officers and Firefighters serve our community 24 hours every day of the year, often putting themselves in harm’s way. They deserve our appreciation, gratitude and the certainty that their pensions are being managed in a fiscally responsible manner.
Cholla District News, Upcoming Activities, & City Information
Check Out What's Happening at Glendale Library
24/7 Digital Library
Read eBooks, Stream Music,
and More On Demand

Read eBooks/magazines, listen to audiobooks and music, watch streaming videos, and more at your convenience. All you need is your library card barcode and PIN. Click here for details.
Grow, Play, & Learn
Eight-Week Library Program
for Kids Ages 3-5 Years Old

This eight-week library program will help children, ages 3-5 years old, grow to be happy, successful learners. Practice the seven essential skills that every young learner needs, click here.