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City of Valdez
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About City of Valdez
The City of Valdez, population 4,011, is located in south central Alaska on Prince William Sound. It has a relatively mild climate which is attributed to the marine currents in, and weather generated by, the Pacific Ocean. Its distinguishing characteristics are the incomparable rugged beauty of its natural mountain-ringed setting, its deep water, ice free access to magnificent Prince William Sound, and it’s extremely high average annual snowfall of almost 30 feet, the most of any other city in the world at sea level. Although geographically remote, Valdez is reachable year round by road. It is approximately 305 road miles east of Anchorage and 365 road miles south of Fairbanks. Valdez is the southern terminus of the Trans-Alaska Pipeline System ("TAPS"}. The assessed valuation of taxable property in the City is approximately 2.2 billion, with 90 percent of this valuation attributable to TAPS. Ninety percent of the City’s revenues derive from property tax. Economy: The Valdez economy is dominated by transportation, mostly related to the transportation of crude oil. As America's northernmost ice free port, Port Valdez is a deep water fjord with depths greater than 750 fee...t. Approximately 7% of all U.S. oil - 80% of west coast oil - is transported through Port Valdez in the deep draught oil supertankers, with hundreds of shipments annually. Port Valdez is a major seaport with a $48 million cargo and container facility. Valdez processes cargo through one of the largest floating concrete docks in the world. The depth of the water in front of the VCT is 50 feet. The City also has a developed tourism economy with approximately 70,000 people visiting Valdez annually, primarily in the summer months. Sport fishing and sightseeing are significant sectors of the economy. In addition commercial fishing is a significant player in the overall Valdez economy, the fish processing plants located in Valdez are among the 10 largest employers of the community. Valdez is developing its winter tourism by promoting its winter sports as a result of its abundant snowfall and proximity to the Chugach Mountains. Valdez is the birthplace of the World Extreme Skiing Championships with several Heli-ski operators currently providing this experience in Thompson Pass. Abundant snowmobiling opportunities have resulted in championship competitions in Valdez. The Organization: Valdez is a home rule city that operates under a Council ­ Manager form of government. Policymaking and legislative authority are vested in the City Council consisting of the Mayor and six council members. Council members are elected at-large on a nonpartisan basis for three-year staggered terms with elections every year. Council appoints and directs the City Manager, City Clerk, and City Attorney. The organization is a full service municipality which includes functions commonly performed by County governments, such as Fire Protection, Emergency Management, and Police. The City Manager has twelve direct reports, and the organization employs 134 FTEs. The City has an annual budget of $55MM, and fund balances totaling $350MM, $200MM of which is held within its Permanent Fund endowment.
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