TABLE OF CONTENTS
Page/ s

INTRODUCTION

1

2008 HIGHLIGHTS AND LOANS

2

FINANCIAL CONDITION OF HELP FUND

4 - 12

HELP PROJECT LOCATION MAP

13 - 14

¡

INTRODUCTION
The Highway Expansion and Extension Loan Program (HELP) provides the state and its
communities with an innovative financing mechanism to accelerate the funding of transportation
projects. This mechanism is referred to as a State Infrastructure Bank (SIB) and was initially
authorized by Congress in 1995. A SIB operates like a bank by providing loans or credit
enhancement for eligible projects.
HELP, Arizona’s SIB, was established in 1998, and is operated under the authority of the State
Transportation Board. A seven member HELP Advisory Committee accepts loan applications,
reviews and evaluates requests for financial assistance, and makes recommendations to the State
Transportation Board on loan and financial assistance requests.
The current members of the State Transportation Board are:
Si Schorr, Chair
Delbert Householder, Vice Chair
Robert Montoya
Felipe Andres Zubia
Bill Feldmeier
Bobbie Lundstrom
Victor Flores

Tucson
Thatcher
Flagstaff
Avondale
Prescott
Nogales
Phoenix

The current members of the HELP Advisory Committee are:
John McGee, Chair
(as designee of Victor Mendez)
Michael Anderson
Bill Beyer
Gary Bourne
Jim Glock
Robert Jackson
Lela Steffey

ADOT
Page
Glendale
Sun City
Tucson
Casa Grande
Mesa

1

2008 HIGHLIGHTS
HELP continues to be among the most active State Infrastructure Banks in the nation. The
Federal Highway Administration (FHWA) collects loan activity data from the states and
periodically publishes this information. As of the September 30, 2006 SIB loan activity report
(the latest data available from FHWA), HELP ranked:
•
•
•

fourth in total number of approved loans (60);
third in total amount of approved loans ($657million); and
second in loan amounts disbursed to recipients ($512 million).

Five new HELP loans were approved during the year including:
City of Eloy: Sunshine Boulevard Reconstruction
Date Approved: November 16, 2007
Loan Amount: $3,200,000
Interest Rate: To be determined
Project Acceleration: 36 months
Project: The City of Eloy will reconstruct and widen the current roadway bounded by the Union Pacific
Railroad on the north and Interstate 10 on the south. This project became necessary when the National
Gypsum Company out of Charlotte, North Carolina chose Eloy as their expansion site for a new 500,000
square foot plant. Improvements were necessary to accommodate the added truck traffic expected from
this new facility.
Pinal County, Thornton Road Reconstruction Project
Date Approved: December 21, 2007
Loan Amount: $2,000,000
Interest Rate: 2.35%
Project Acceleration: 4 years
Project: Pinal County will use this loan to reconstruct a 2 mile section of Thornton Road from Interstate
8 to one half mile south of Peters Road. The loan will enable the project to be done as one project as
opposed to being done in half mile increments over multiple years. This will save approximately
$500,000 in the cost of the project.

2

Town of Payson: Bonita Street, Phase II
Date Approved: March 21, 2008
Loan Amount: $1,200,000
Interest Rate: To be determined
Project Acceleration: 4 years
Project: Bonita Street will be widened to two lanes in each direction and add bike lanes and curb and
gutters, which do not exist in its present configuration. Improved pedestrian and bicycle safety will be
the main advantages to this project along with improved traffic flow.
Maricopa County: MC 85, 107th Avenue to 75th Avenue
Date Approved: March 21, 2008
Loan Amount: $25,700,000
Interest Rate: To be determined
Project Acceleration: 4 years
Project: The County plans to widen MC85 and provide turn lanes to access businesses along this
route. MC85 is one of the only opportunities to ease congestion on Interstate- 10 on the Westside
of the valley and by widening this route some traffic will be taken off the Interstate.

City of Peoria: SR101/Union Hills TI
Date Approved: May 16, 2008
Loan Amount: $9,910,000
Interest Rate: To be determined
Project Acceleration: 3 years
Project: The Union Hills project will widen the Union Hills Bridge and adjacent roadways to
increase capacity to match the improvements other cities have made to ease congestion and
improve safety.

3

FINANCIAL CONDITION OF THE HELP FUND
Arizona Department of Transportation
Highway Expansion and Extension Loan Program Fund
Statement of Net Assets
For the fiscal years ended June 30, 2008 and 2007
(Unaudited)

2008

2007

$ 77,630,108

$ 130,631,610

363,764
47,732,252

746,190
72,715,250

306,113
126,032,237

78,777
122,327
204,294,154

20,273,156
20,273,156
146,305,393

41,967,252
41,967,252
246,261,406

Liabilities
Current Liabilities:
Accrued payroll and other accrued expenses
Compensated absences
Notes payable
Total current liabilities

6,170
13,821
52,170,356
52,190,347

5,350
13,879
154,534,466
154,553,695

Non-current liabilities:
Advance from other Department funds
Total noncurrent liabilities
Total liabilities

20,000,000
20,000,000
72,190,347

20,000,000
20,000,000
174,553,695

74,115,046
$ 74,115,046

71,707,711
$ 71,707,711

Assets
Current assets:
Restricted cash on deposit with the State Treasurer
Receivables:
Accrued interest
Loans
Due from other Arizona Department of Transportation
funds
Due from Arizona counties and cities
Total current assets
Non-current assets:
Receivables:
Loans
Total noncurrent assets
Total assets

Net assets
Restricted for loans and other financial assistance
Total net assets

4

FINANCIAL CONDITION OF THE HELP FUND
Arizona Department of Transportation
Highway Expansion and Extension Loan Program Fund
Statement of Activities
For the fiscal years ended June 30, 2008 and 2007
(Unaudited)

Operating revenues:
Interest on loans receivables
Total operating revenues
Operating expenses:
Salaries and related benefits
Supplies
Professional and outside services
Travel
Interest on notes payable
Distributions to other state agencies
Other
Total operating expenses
Operating loss
Non-operating revenues:
Interest on investments
Investment expense
Distributions to other state agencies
Total non-operating revenues
Changes in net assets
Total net assets - July 1
Total net assets - June 30

5

2008

2007

1,755,395
1,755,395

2,909,458
2,909,458

146,321
2,477
24,759
254
3,795,890
891
548
3,971,140
<2,215,745>

197,042
1,144
31,000
886
4,040,000
1,311
4,271,383
<1,361,925>

4,705,331
<80,251>
<2,000>
4,623,080
2,407,335
71,707,711
$ 74,115,046 $

5,439,624
<83,236>
5,356,388
3,994,463
67,713,248
71,707,711

Reconstruction

Design

Reconstruction

Reconstruction

Reconstruction

Reconstruction

Reconstruction

SANTA CRUZ
COUNTY

ADOT

CITY OF YUMA

TOWN OF
TAYLOR

ADOT

TOWN OF
PAYSON

CITY OF YUMA

06/15/2001
06/15/2001

McLane Road
I-8, Giss Parkway Redondo Drive TI

05/18/2001

SR 260,
Christopher Creek

04/20/2001

Ave. A, 40th Street to
Desert Avenue
05/18/2001

03/16/2001

Naha 'Ta' Dziil Rd
Sanders TI

Paper Mill Road

01/19/2001

South River Road

01/19/2001

SR 260, Pinetop
to Hon-Dah

Reconstruction

ADOT

12/18/2000

Reconstruction

LA PAZ COUNTY

Salome Road Centennial Wash

Construction

CITY OF
SIERRA VISTA

05/19/2000
07/21/2000

Various projects state
wide

Design,
Right of Way

ADOT

03/17/2000

Buffalo Soldier Trail
7th St. to SR 90

Center Street

Construction

TOWN OF CHINO
VALLEY

02/18/2000

SR260, Show Low to
Pinetop

Reconstruction

ADOT

LOAN
APPROVAL

PROJECT
LOCATION

PURPOSE OF
LOAN

PROJECT
SPONSOR

1.77%

3.56%

2.85%

3.42%

1.65%

3.32%

3.11%

2.93%

2.93%

4.00%

3.46%

4.50%

2.93%

INTEREST
RATE*

$2,000,000

$1,100,000

$41,900,000

$1,000,000

$1,000,000

$1,000,000

$1,150,000

$8,400,000

$2,000,000

$1,970,000

$5,707,000

$300,000

$5,664,000

MAXIMUM
LOAN

LOAN STATUS AS OF SEPTEMBER 2008
STATEWIDE LOANS

Jul-06

Jul-06

Jul-05

Jun-05

Dec-06

Jan-05

Jan-07

May-03

Jan-04

Jun-03

Mar-04

Jan-05

Feb-02

FINAL
MATURITY

HIGHWAY EXPANSION AND EXTENSION LOAN PROGRAM
(HELP)

$2,000,000

$1,100,000

$37,678,400

$1,000,000

$1,000,000

$1,000,000

$643,827

$6,038,856

$1,448,568

$1,970,000

$5,165,861

$300,000

$4,666,837

DRAWS TO
DATE

Paid in full
07/05/2006

Paid in full
06/30/2006

Paid in full
06/22/2005

Paid in full
06/02/2005

Paid in full
12/05/2006

Paid in full
01/20/2005

Paid in full
09/27/2005

Paid in full
05/20/2003

Paid in full
05/31/2002

Paid in full
06/13/2003

Paid in full
03/16/2004

Paid in full
01/11/2005

Paid in full
02/25/2002

OUTSTANDING
LOAN BALANCE

Reconstruction

Construction

Construction

Construction

Reconstruction

GILA COUNTY

GILA COUNTY

ADOT

YAVAPAI COUNTY

CITY OF LAKE
HAVASU CITY

06/21/2002
06/21/2002

Fain Road Realignment
SR 95, North City
Limits

05/17/2002

Reconstruction

GILA COUNTY

SR 260, Cottonwood to
Camp Verde

03/15/2002

SR 95, Parker to
Lakeside

Design

ADOT

04/19/2002

03/15/2002

US 60/SR 79 Traffic
Interchange

Right of Way

ADOT

Six Shooter Road and
Bridge

03/15/2002

SR 89A, Glassford Hill
Section

Construction

YAVAPAI COUNTY

04/19/2002

03/15/2002

Avenue 3E Traffic
Interchange

Construction

ADOT

Six Shooter Canyon
Road

03/15/2002

SR 89A, Glassford Hill
Section

Construction

ADOT

04/19/2002

01/18/2002

Rose Road &
Sullivan Street

Reconstruction

TOWN OF MIAMI

Fossil Creek Road

09/21/2001

SR89A, Glassford Hill
Section

Design,
Right of Way

ADOT

LOAN
APPROVAL

PROJECT
LOCATION

PURPOSE OF
LOAN

PROJECT
SPONSOR

1.18%

2.25%

1.99%

3.12%

1.81%

1.43%

1.14%

1.56%

1.83%

0.86%

1.35%

2.20%

1.76%

INTEREST
RATE*

$789,508

$4,500,000

$5,000,000

$487,500

$600,000

$1,237,500

$500,000

$4,000,000

$4,500,000

$9,900,000

$13,855,000

$80,000

$3,216,000

MAXIMUM
LOAN

LOAN STATUS AS OF SEPTEMBER 2008
STATEWIDE LOANS

Feb-05

Jun-06

Jun-06

Dec-08

Jun-08

Mar-09

May-05

Oct-04

Jun-05

Aug-04

Oct-04

Jun-05

Sep-03

FINAL
MATURITY

$789,508

$4,500,000

$5,000,000

$487,500

$600,000

$1,237,500

$500,000

$2,691,459

$4,500,000

$9,900,000

$13,855,000

$80,000

$2,031,264

DRAWS TO
DATE

Paid in full
02/01/2005

Paid in full
05/31/2006

Paid in full
06/19/2006

$60,937

Paid in full
06/13/2008

$123,720

Paid in full
05/19/2005

Paid in full
10/19/2004

Paid in full
06/06/2005

Paid in full
8/19/2004

Paid in full
10/19/2004

Paid in full
06/02/2005

Paid in full
09/17/2003

OUTSTANDING
LOAN BALANCE

Yellow Jacket Way
Highway 91, Beaver
Dam Wash Bridge

Construction

Construction

Reconstruction

Construction

Design and
Construction

Reconstruction

Reconstruction

Reconstruction

Reconstruction

TOWN OF
THATCHER

CITY OF KINGMAN

PINAL COUNTY

CITY OF
TOMBSTONE

MOHAVE COUNTY

CITY OF BISBEE

CITY OF ELOY

TOWN OF PAYSON

TOWN OF
MAMMOTH
Main Street

Bonita Street, Phase II

Sunshine Boulevard

Arizona Street

Thornton Road

North Bank Street

20th Avenue

20th Avenue

Construction

CITY OF SAFFORD

12/14/2001

03/21/2008

11/16/2007

09/21/2007

04/21/2006

11/18/2005

12/21/2007

09/23/2005

08/16/2002

08/16/2002

06/21/2002

Fort Grant Road Traffic
Interchange

Design

ADOT

LOAN
APPROVAL

PROJECT
LOCATION

PURPOSE OF
LOAN

PROJECT
SPONSOR

$3,200,000
$1,200,000

To be
Determined
To be
Determined

$334,800

$2,400,000

To be
Determined

-

$8,700,000

$150,000

$2,000,000

$2,000,000

$2,000,000

$2,000,000

$650,000

MAXIMUM
LOAN

To be
Determined

To be
Determined

2.35%

3.11%

1.56%

2.42%

1.35%

INTEREST
RATE*

LOAN STATUS AS OF SEPTEMBER 2008
STATEWIDE LOANS

-

May-13

Jan-13

Oct-10

Jun-10

Nov-10

May-12

Nov-11

Oct-07

Oct-07

Nov-06

FINAL
MATURITY

Withdrawn

-

-

-

-

-

$2,000,000

$2,000,000

$2,000,000

$2,000,000

$650,000

DRAWS TO
DATE

$2,000,000

$1,550,000

Paid in full
10/03/2007

Paid in full
10/02/2007

Paid in full
04/26/2006

-

-

-

-

-

-

OUTSTANDING
LOAN BALANCE

SR 51 Completion
Union Hills - L101
Regional Freeway
System
Regional Freeway
System
I-10 Widening

Dixileta Drive TI
MC 85, 107th Ave. to
75th Ave.
SR 101 - Union Hills
Drive TI

Construction

Right of Way,
Construction

Right of Way,
Construction

Design

Design, Right of
Way, Construction

Design, Right of
Way, Construction

Design,
Construction

ADOT

ADOT

CITY OF
GOODYEAR

CITY OF PHOENIX

MARICOPA
COUNTY

CITY OF PEORIA

PURPOSE OF
PROJECT
LOAN
LOCATION
New Construction
Price Freeway: Warner
Urban Freeway
to Frye
System
New Construction
Red Mountain Freeway:
Urban Freeway
Country Club to Gilbert
System
Purchase of Right
Various: As stipulated
of Way for Urban
in Senate Bill 1201
Freeway System

ADOT/
CITY OF PHOENIX

ADOT

CITY OF MESA

CITY OF
CHANDLER

PROJECT
SPONSOR

05/16/2008

03/21/2008

11/18/2005

04/21/2006

11/21/2003

09/21/2001

11/17/2000

11/15/1999

03/20/1998

03/20/1998

LOAN
APPROVAL

$7,369,000

$11,900,000

$25,700,000

$9,910,000

To be
Determined
To be
Determined
To be
Determined

$80,500,000

$50,000,000

$22,500,000

$100,000,000

$24,000,000

$26,000,000

MAXIMUM
LOAN

3.13%

1.44%

3.30%

2.48%

3.92%

4.41%

3.59%

INTEREST
RATE*

LOAN STATUS AS OF SEPTEMBER 2008
MAG LOANS

Apr-12

Jul-13

Jun-10

Jun-10

Jun-09

Dec-08

Jun-05

Jun-01

Mar-03

Jul-02

-

-

-

$6,293,801

$80,500,000

$50,000,000

$22,500,000

$90,324,109

$24,000,000

$26,000,000

FINAL
DRAWS TO
MATURITY
DATE

$6,164,019

$25,425,000

Paid in full
04/17/2008

Paid in full
02/17/2005

Paid in full
06/28/2001

Paid in full
03/21/2003

Paid in full
11/30/2001

-

-

-

OUTSTANDING
LOAN BALANCE

SR 51 Completion
Union Hills - L101
Regional Freeway
System
Regional Freeway
System
I-10 Widening

Dixileta Drive TI
MC 85, 107th Ave. to
75th Ave.
SR 101 - Union Hills
Drive TI

Construction

Right of Way,
Construction

Right of Way,
Construction

Design

Design, Right of
Way, Construction

Design, Right of
Way, Construction

Design,
Construction

ADOT

ADOT

CITY OF
GOODYEAR

CITY OF PHOENIX

MARICOPA
COUNTY

CITY OF PEORIA

PURPOSE OF
PROJECT
LOAN
LOCATION
New Construction
Price Freeway: Warner
Urban Freeway
to Frye
System
New Construction
Red Mountain Freeway:
Urban Freeway
Country Club to Gilbert
System
Purchase of Right
Various: As stipulated
of Way for Urban
in Senate Bill 1201
Freeway System

ADOT/
CITY OF PHOENIX

ADOT

CITY OF MESA

CITY OF
CHANDLER

PROJECT
SPONSOR

05/16/2008

03/21/2008

11/18/2005

04/21/2006

11/21/2003

09/21/2001

11/17/2000

11/15/1999

03/20/1998

03/20/1998

LOAN
APPROVAL

$7,369,000

$11,900,000

$25,700,000

$9,910,000

To be
Determined
To be
Determined
To be
Determined

$80,500,000

$50,000,000

$22,500,000

$100,000,000

$24,000,000

$26,000,000

MAXIMUM
LOAN

3.13%

1.44%

3.30%

2.48%

3.92%

4.41%

3.59%

INTEREST
RATE*

LOAN STATUS AS OF SEPTEMBER 2008
MAG LOANS

Apr-12

Jul-13

Jun-10

Jun-10

Jun-09

Dec-08

Jun-05

Jun-01

Mar-03

Jul-02

-

-

-

$6,293,801

$80,500,000

$50,000,000

$22,500,000

$90,324,109

$24,000,000

$26,000,000

FINAL
DRAWS TO
MATURITY
DATE

$6,164,019

$25,425,000

Paid in full
04/17/2008

Paid in full
02/17/2005

Paid in full
06/28/2001

Paid in full
03/21/2003

Paid in full
11/30/2001

-

-

-

OUTSTANDING
LOAN BALANCE

03/15/2002
08/16/2002

6th Avenue, Ajo Way to
Rodeo Wash
I-10 / I-19 Interchange
Ajo Way, Country Club
to Alvernon
Shannon Road,
Ina Rd to Magee Rd
I-10 Mainline,
Grant to Congress
Tangerine Road
Widening

Street
Improvements

Construction

Street
Improvements

Street
Improvements

Design

Construction

Construction

Construction

Construction

Construction

Construction

CITY OF TUCSON

ADOT

PIMA COUNTY

PIMA COUNTY

ADOT

TOWN OF ORO
VALLEY

TOWN OF ORO
VALLEY

TOWN OF MARANA

PIMA COUNTY

CITY OF TUCSON

TOWN OF ORO
VALLEY

11/19/2004
05/20/2005
03/16/2007
07/20/2007

Alvernon Way, River
Rd. to Ft. Lowell
Mountain Avenue,
Roger Rd. to Ft. Lowell
La Canada Drive
Widening

02/20/2004

12/14/2001

09/21/2001

06/15/2001

05/19/2000

Thornydale Road

La Canada Drive
Extension

12/14/2001

Various projects in
Pima County

Design,
Right of Way

ADOT

03/17/2000

6th Avenue, 19th Street
to I-10

Street
Improvements

CITY OF TUCSON

LOAN
APPROVAL

PROJECT
LOCATION

PURPOSE OF
LOAN

PROJECT
SPONSOR

3.20%

1.97%

3.06%

2.51%

2.52%

1.19%

0.86%

3.23%

3.23%

2.11%

2.91%

1.77%

4.50%

INTEREST
RATE*

$8,000,000

$14,000,000

$4,836,000

$7,000,000

$5,000,000

$1,716,000

$5,500,000

$1,400,000

$3,700,000

$62,500,000

$4,500,000

$5,285,000

$2,000,000

MAXIMUM
LOAN

LOAN STATUS AS OF SEPTEMBER 2008
PAG LOANS

Aug-12

May-11

Jun-09

Mar-10

Feb-08

Jul-05

Jun-06

Jul-07

Jul-07

Jan-06

Jan-06

Jun-05

Jan-05

FINAL
MATURITY

$8,000,000

$13,400,000

$4,836,000

$7,000,000

$5,000,000

$1,716,000

$4,098,869

$1,400,000

$3,700,000

$62,500,000

$4,500,000

$5,285,000

$2,000,000

DRAWS TO
DATE

$8,000,000

$13,400,000

$1,000,000

$1,900,000

Paid in full
03/07/2008

Paid in full
08/01/2005

Paid in full
06/20/2006

Paid in full
01/17/2007

Paid in full
01/17/2007

Paid in full
04/18/2005

Paid in full
01/03/2006

Paid in full
06/22/2005

Paid in full
05/01/2001

OUTSTANDING
LOAN BALANCE

Construction

Construction

Construction

ADOT

CITY OF TUCSON

TOWN OF
SAHUARITA
La Canada Phase II

09/23/2005

08/20/2004

11/19/2004

I-10, Pinal Air Park
to Marana TI
Harrison Road

LOAN
APPROVAL

PROJECT
LOCATION

-

-

-

INTEREST
RATE*

* Interest rate will be determined by the State Transportation Board when the first construction draw is made.

PURPOSE OF
LOAN

PROJECT
SPONSOR

$3,900,000

$12,293,000

$18,500,000

MAXIMUM
LOAN

LOAN STATUS AS OF SEPTEMBER 2008
PAG LOANS

-

-

-

FINAL
MATURITY

Withdrawn

Withdrawn

Withdrawn

DRAWS TO
DATE

-

-

-

OUTSTANDING
LOAN BALANCE

13

Map Table
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40

Project Name
SR260 Showlow to Pinetop
Center Street
Carr Canyon Rd. - Hunter Canyon Rd.
Van’s Trading Post - East of SR264
Lake Havasu Blvd - Old London Bridge Rd.
US60 - SR79 TI
Glassford Hill
Ave 3E SR280 TI
Buffalo Soldier Trail
Salome Rd. Centennial Wash
SR260, Pinetop - Hon-dah
South River Rd.
Naha Ta Dziil Rd / Sanders TI.
Ave. A 40th st to Desert Ave
Paper Mill Rd.
SR260, Christopher Creek
McLane Rd.
I-18 - Giss Parkway - Redondo Dr. TI
SR89A, Glassford Hill Section
Rose Rd. to Sullivan Street
SR89A, Glassford Hill Section
Avenue 3E TI.
SR89A, Glassford Hill Section
US60 - SR79 TI
SR95 Parker to Lakeside
Fossil Creek Rd.
Six Shooter Canyon Rd.
SR260 Cottonwood to Camp Verde
Fain Rd. Realignment
SR95, North City Limits
Fort Grant Rd. TI
20th Avenue
20th Avenue
Six Shooter Rd. and Bridge
North Bank Street
Highway 91, Beaver Dam Wash Bridge
Yellow Jacket Way
Arizona Street, Cole Ave to Hazard Street
Sunshine Boulevard
Bonita Street, Phase II

Project Description
Reconstruction
Construction
Design
Design
Design
Design
Design
Design
Construction
Reconstruction
Reconstruction
Reconstruction
Design
Reconstruction
Reconstruction
Reconstruction
Reconstruction
Reconstruction
Design
Reconstruction
Reconstruction
Reconstruction
Reconstruction
Reconstruction
Reconstruction
Reconstruction
Reconstruction
Construction
Construction
Construction
Construction
Construction
Construction
Construction
Construction
Construction
Construction
Reconstruction
Reconstruction
Reconstruction

Loan Amount
$5,664,000
$300,000
$457,000
$500,000
$1,850,000
$600,000
$1,500,000
$800,000
$1,970,000
$2,000,000
$8,400,000
$1,150,000
$1,000,000
$1,000,000
$1,000,000
$41,900,000
$1,100,000
$2,000,000
$3,216,000
$80,000
$13,855,000
$9,900,000
$4,500,000
$4,000,000
$500,000
$1,237,500
$600,000
$5,000,000
$4,500,000
$789,508
$650,000
$2,000,000
$2,000,000
$487,500
$2,000,000
$8,700,000
$150,000
$2,400,000
$3,200,000
$1,200,000

City / Location
Showlow
Chino Valley
Cochise Cty
Coconino Cty
Mohave Cty
Pinal Cty
Prescott Valley
Yuma
Sierra Vista
La Paz Cty
Pinetop
Santa Cruz Cty
Apache Cty
City of Yuma
Town of Taylor
Gila Cty
Payson
Yuma
Prescott Valley
Miami
Prescott Valley
Yuma
Prescott Valley
Pinal Cty
Parker
Gila Cty
Gila Cty
Yavapai Cty
Yavapai Cty
Mohave Cty
Cochise Cty
Safford
Thatcher
Gila Cty
Kingman
Mohave Cty
Tombstone
City of Bisbee
City of Eloy
Town of Payson

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15

6th Avenue Project
I-10 - I-19 TI
I-10 Mainline Prince Rd.
I-10 - I-19 TI
th
6 Avenue Project Phase II
JCT I-10 / I-19 Phase 1&2
Ajo Way - Country Club Rd -Alvernon Way
Shannon Road: Ina Rd - Magee Rd.
I-10 Mainline Grant - Congress
Tangerine Rd.
La Canada Dr. Extension - Tangerine Rd.
Thornydale Rd. Reconstruction
Alvernon Way - River Rd. - Lowell Rd.
Mountain Ave, Roger Rd., Ft. Lowell Rd.
La Canada Drive Widening

Street improvements
Design
Design
Design
Street improvements
Construction
Street Improvements
Street Improvements
Design
Construction
Construction
Reconstruction
Construction
Reconstruction
Construction

$2,000,000
$3,285,000
$1,000,000
$1,000,000
$4,500,000
$62,500,000
$3,700,000
$1,400,000
$5,500,000
$1,716,000
$5,000,000
$7,000,000
$4,836,000
$14,000,000
$8,000,000

Tucson
Pima Cty
Pima Cty
Pima Cty
Tucson
Tucson
Pima Cty
Pima Cty
Pima Cty
Oro Valley
Oro Valley
Town of Marana
Pima Cty
Tucson
Oro Valley

1 Red Mountain Country Club - Gilbert
Construction
2 Price Freeway - Warner - Frye
Construction
Above two loans are not included in totals
3 Various: as stipulated / MAG
Right of way
4 SR51 Completion Union Hills - L101
Construction
5 Regional Freeway System / MAG
ROW Construction
6 Regional Freeway System / MAG
ROW Construction
7 Dixileta Drive TI.
Construction
8 I-10 Widening
Design
9 MC 85, 107th Ave. to 75th Ave.
Design, RWY, Const
Design, Construction
10 SR101- Union Hills Drive TI

14

$24,000,000 Mesa
$26,000,000 Chandler
$100,000,000
$22,500,000
$50,000,000
$80,500,000
$11,900,000
$7,369,000
$25,700,000
$9,910,000

Maricopa Cty
Phoenix
Maricopa Cty
Maricopa Cty
Phoenix
City of Goodyear
Maricopa Cty
City of Peoria