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Step 1 - Application for Bond Financing
A complete application for bond financing is required to be submitted at least 18 days prior to the Board of Director's meeting at which consideration for approval is requested. Please refer to the Board meeting schedule for further meeting information.*
Step 2 - Approval by the Phoenix IDA
Some applications may require only final Board approval, while others may require both preliminary and final approval. In either case, approval is subject to such conditions, as the Phoenix IDA may set forth, at its discretion. Additionally, current compliance with all applicable provisions of the Procedural Pamphlet is required for consideration of a request for final approval by the Board.
Step 3 - Approval by Phoenix City Council
After final approval has been granted by the Board, the proposed bond issuance is referred to the Phoenix City Council for approval at its next available formal meeting. The bond proceedings must receive approval from the Phoenix City Council prior to closing.
For questions or additional information, please contact Mike Santellanes at (602) 262-7644 or firstname.lastname@example.org.
*Please note: Phoenix IDA Board Meetings are subject to change and/or cancellation.