Phoenix IDA Board of Directors
The Phoenix IDA is governed by a nine-member Board of Directors. The Board holds public meetings regularly and pursuant to A.R.S. §38-431.02, all notices of the meetings of the Board of Directors and any of its committees will be posted on the Phoenix IDA's website and with the Phoenix City Clerk's Office. Such notices will include information about the location of the meeting and the matters to be discussed.
To learn about upcoming meetings of the Phoenix IDA Board of Directors, please contact Lydia Lee at (602) 534-9655 or email email@example.com.
Upcoming Public Meeting Notice(s)
- Board of Directors Public Meeting Results
- Committee Public Meeting Results
- Open meeting law materials prepared by the Attorney General
The Phoenix IDA holds public hearings for bond transactions as required by Section 147(f) of the Internal Revenue Code. These hearings are known as TEFRA Hearings since they were instituted by the federal Tax Equity and Fiscal Responsibility Act of 1982 (“TEFRA”).
The purpose of the TEFRA hearing is to receive comments from interested parties on matters regarding the issuance of bonds and the location and nature of the project for which the bond funds will be allocated.
Upcoming TEFRA Hearing(s):
June 16, 2020, 4 p.m. - Notice of Public of Hearing. CPLC South Phoenix Charter Schools Holding, LLC (the “Borrower”), is an Arizona limited liability company whose sole member is Chicanos Por La Causa, Inc., a nonprofit corporation and exempt organization under Section 501(c)(3) of the Internal Revenue Code of 1986. The Borrower has requested that The Industrial Development Authority of the City of Phoenix, Arizona, issue its Lease Revenue Bonds (ASU Preparatory Academy Project), Series 2020, in one or more tax-exempt or taxable series, in an aggregate principal amount not to exceed $8,000,000, for the purpose of assisting the Borrower in (a) financing, refinancing or reimbursing, as applicable, the costs of acquiring, constructing, improving and equipping, as applicable, certain charter school facilities to be owned by the Borrower and operated by ASU Preparatory Academy, an Arizona nonprofit corporation, in connection with its charter school operations, specifically (i) land and a building located at 5610 South Central Avenue, Phoenix, Arizona, and (ii) land and a building located at 4441, 4447 and 4453 South 12th Street, Phoenix, Arizona; (b) funding any required reserves; and (c) paying costs and expenses incurred in connection therewith.
View complete Notice of Public Hearing. Posted: June 9, 2020