PV COUNCIL CONSIDERS ORDINANCE REQUIRING NEW RENTAL DEVELOPMENTS TO SUPPLY WATER
Water conservation and balancing its water supplies is a top priority in Prescott Valley and the town is moving forward on water management policies that will help reach its goals.
At its Thursday study session, the Town Council considered a draft ordinance requiring future rental developments to secure water rights, similar to requirements for traditional subdivisions. These rental subdivisions are being built around Arizona and are sometimes referred to as “build to rent.” It is widely accepted that this treatment of rental subdivisions is a loophole in state law that leaves cities and towns in an impossible position when it comes to water management.
Town staff prepared and presented to Council an initial draft Ordinance that formally sets out this policy. The item was discussion only and will be placed on a later Council agenda for a vote.