A. INDUSTRIAL DEVELOPMENT REVENUE BONDS, 2010 SERIES A (TUCSON ELECRIC POWER COMPANY PROJECT)
1. Public Hearing:
(a) Public Hearing opened – Presentation of Project to the Public and the Authority;
(b) Call to the Public – Comments and questions from the Public; and
(c) Public Hearing formally closed.
2. Consideration for approval of a resolution authorizing and approving the issuance of such Industrial Development Revenue Bonds in an aggregate principal amount not to exceed $100,000,000 to be loaned to Tucson Electric Power Company to finance the costs of acquiring, constructing, improving and equipping certain of its facilities, comprising electric transmission and/or distribution facilities located or to be located within Pima County, Arizona.
Motion carried to approve resolution (5/0)
A. CHARTER SCHOOL REVENUE BONDS (IMAGINE AT SURPRISE AND CAMELBACK PROJECT), SERIES 2010
1. Public Hearing:
(a) Public Hearing opened – Presentation of Project to the Public and the Authority;
(b) Call to the Public – Comments and questions from the Public; and
(c) Public Hearing formally closed.
2. Consideration for approval of a resolution authorizing and approving the issuance of such Charter School Revenue Bonds in an aggregate principal amount not to exceed $18,000,000 to be loaned to Surprise Prep School, II, LLC for the purpose of (i) financing and/or refinancing the acquisition, construction, improvement and/or operating charter school facilities located at 14850 156th Street (f/k/a 15613 Custer Lane) in Surprise, Arizona and 5050 North 19th Avenue in Phoenix, Arizona; (ii) funding the Debt Service Reserve Fund as set forth in the Indenture; (iii) paying capitalized interest on the Bonds; and (iv) paying certain issuance expenses.
Motion carried to approve resolution (5/0)
B. EDUCATIONAL FACILITY REVENUE BONDS (RIVERBEND PREP PROJECT), SERIES 2010 – Consideration for approval of a resolution authorizing and approving the issuance of such Educational Facility Revenue Bonds in an aggregate principal amount not to exceed $5,000,000 to be loaned to West Valley Arts and Technology Academy, Inc., dba Riverbend Prep for the purpose of (i) financing and/or refinancing the costs of acquiring, constructing, improving, equipping and operating the charter school located at 5625 South 51st Avenue, Laveen, Arizona; (ii) the funding of any required reserve fund as set forth in the Indenture; (iii) paying capitalized interest, if any; and (iv) paying certain issuance expenses.
Motion carried to approve resolution (5/0)
C. COMMUNITY INVESTMENT CORPORATION – Consideration of a grant to Community Investment Corporation by the Authority in the amount of $150,000 to match the Community Development Block Grant monies received by Community Investment Corporation to institute a microloan program within Pima County.
Motion carried to approve grant (5/0)
D. SOUTHERN ARIZONA LAND TRUST, INC. – Consideration of a grant or loan to Southern Arizona Land Trust, Inc. by the Authority in the amount of $700,000 to acquire a 91 acre parcel known as Belnor Vista, II, plus an additional 24 acres of Valencia Road frontage.
Motion carried to approve loan (5/0)
