Last Modified on 12/01/2008 09:06:15NOTICE OF RESULTS OF PUBLIC MEETING OF
THE INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF PHOENIX, ARIZONA
BOARD OF DIRECTORS
Pursuant to A.R.S. §38-431.02, notice is hereby given to the members of THE INDUStrial development authority of the city of phoenix, arizona, board of directors and to the general public, that THE INDUSTRIAL DEVELOPMENT AUTHORITY OF the CITY OF PHOENIX, ARIZONA, BOARD OF DIRECTORS will hold its Regular Meeting open to the public on THURSDAY, NOVEMBER 13, 2008, AT 3:30 P.M. LOCATED AT PHOENIX CITY HALL, 200 WEST WASHINGTON STREET, 20th FLOOR, CONFERENCE ROOM 20E, PHOENIX, ARIZONA.
Certain agenda items, as indicated below, may be discussed in executive session. If authorized by a majority vote of the Board, an executive session will be held immediately following the vote in accordance with A.R.S. §38-431.03(A) and the meeting will be temporarily recessed while the Board retires to executive session which will not be open to the public. One or more Board Members may participate via teleconference. The following Agenda lists the matters to be discussed, considered or decided at the meeting (the order of these items is subject to change):
RESULTS
Accepted
1.
Call to Order
2.
Approval of Minutes
Approved
a. October 14, 2008 Regular Meeting Minutes
Report Given, No Action
3.
President’s Report
Report Given, No Action
4.
Executive Director Report
5.
New Business
Report Given, Recommendations Made
a. Report from Staff and discuss and consider overview and implications to the City of Phoenix and the Authority of the recently passed federal legislation Housing and Economic Recovery Act of 2008.
Discussion Held, Approved as Recommended
b. Report from Staff and discuss and consider investment contracts relating to certain Single Family Mortgage Revenue Bond Programs and discuss and consider approval to terminate certain investment contracts relating to AIG Matched Funding Corp. The Authority may vote to discuss this matter in executive session as authorized by A.R.S. §38-431.03(A)(3). Any action taken by the Board will be taken in the public meeting after adjournment of the executive session.
Discussion Held, Approved as Recommended
*
c. Discuss and consider approval of extending existing professional services contracts. The Authority may vote to discuss this matter in executive session as authorized by A.R.S. §38-431.03(A)(3). Any action taken by the Board will be taken in the public meeting after adjournment of the executive session.
6.
Administrative Matters
Report Given, No Action
a. Report from Treasurer and discuss and consider investments of the Authority’s funds.
Report Given, No Action
b. Report from Treasurer and discuss and consider update on the performance of the Authority’s outstanding direct loans and notes receivable.
Discussion Held, Approved as Recommended
c. Report from Treasurer and discuss and consider approval and payment of invoices.
Report Given, No Action
d. Report from Treasurer and discuss the status of the financial audit review of the Authority. The Authority may vote to discuss this matter in executive session as authorized by A.R.S. §38-431.03(A)(3). Any action taken by the Board will be taken in the public meeting after adjournment of the executive session.
Report Given, No Action
e. Report from Executive Director and discuss and consider the status of the organizational audit review conducted by the City Audit Department. The Authority may vote to discuss this matter in executive session as authorized by A.R.S. §38-431.03(A)(3). Any action taken by the Board will be taken in the public meeting after adjournment of the executive session.
Discussion Held, Approved as Recommended
f. Report from Executive Director and discuss and consider engagement of a Special Financial Advisor to the Authority. The Authority may vote to discuss this matter in executive session as authorized by A.R.S. §38-431.03(A)(1) and (3). Any action taken by the Board will be taken in the public meeting after adjournment of the executive session.
Discussion Held, Approved as Recommended
g. Discuss and consider approval of an Intergovernmental Agreement between the Authority and the City for the City to provide Executive Director services to the Authority. The Authority may vote to discuss this matter in executive session as authorized by A.R.S. §38-431.03(A)(1) and (3). Any action taken by the Board will be taken in the public meeting after adjournment of the executive session.
Accepted
7.
Adjournment
For further information, please call Bryant D. Barber, Lewis and Roca LLP, at (602) 262-5375. For reasonable accommodations, call Bryant D. Barber at (602) 262-5375 as early as possible to coordinate needed arrangements.
The Industrial Development Authority
of the City of Phoenix, Arizona
Donald P. Keuth
President
Board of Directors
Date Posted: November 17, 2008