AFA Board of Directors - March 16, 2023
NOTICE OF PUBLIC MEETING OF THE ARIZONA FINANCE AUTHORITY
Pursuant to A.R.S. Section 38-431.02, notice is given to the BOARD OF DIRECTORS OF THE ARIZONA FINANCE AUTHORITY (the “AFA”) and to the general public that the AFA will hold a meeting open to the public on Thursday, March 16, 2023, at 3:05 p.m. local time (MST) (or immediately following adjournment of the Arizona Industrial Development Authority meeting), located at Sonesta Suites Scottsdale Gainey Ranch, 7300 East Gainey Suites Drive, Scottsdale, Arizona 85258, in Gainey Ballroom A/B. The agenda for the AFA meeting is as follows:
AGENDA
- Call to Order
- Consider for Approval: Minutes of the AFA’s meeting held February 16, 2023.
- Consider for Approval: Consent Agenda – approving the proceedings of the Arizona Industrial Development Authority (the “Authority”) meeting held on March 16, 2023, as listed below. At the request of any AFA member, an item on the Consent Agenda will be removed from the Consent Agenda and discussed as a regular agenda item.
- AFA Resolution No. 2023-5 – Authority’s proceedings authorizing an amendment to Resolution 2023-2 which granted final approval of not-to-exceed
$35,000,000 of Multifamily Housing Revenue Bonds (Centerline on Glendale Project), to be issued in one or more tax-exempt and/or taxable series for the benefit of Centerline on Glendale, LLC, related to participation of new co-lender.
- AFA Resolution No. 2023-6 – Authority’s proceedings authorizing an amendment to Resolution 2023-3 which granted final approval of not-to-exceed
$35,000,000 of Multifamily Housing Revenue Bonds (Centerline on Glendale Two Project), to be issued in one or more tax-exempt and/or taxable series for the benefit of Centerline on Glendale Two, LLC, related to participation of new co- lender.
- AFA Resolution No. 2023-7 – Authority’s proceedings authorizing an amendment to Resolution 2021-71 (as extended by Resolution 2022-28), which granted final approval of not-to-exceed $640,000,000 of revenue current interest bonds and convertible capital appreciation bonds to be issued in one or more tax- exempt and/or taxable series to assist in the financing of behavioral healthcare facilities in Las Vegas, Nevada and San Antonio, Texas, in order to clarify the borrowing entity as QCF Behavioral Hospitals I, LLC and to approve revised forms of related financing, sale and offering documents.
- Board Member Report: Mr. Burns will provide an update on the status of the response to the recommendations made in the performance audit and sunset review (Report 22- 113) prepared by the Arizona Auditor General.
- Call to the Public: This is the time for the public to comment. Members of the AFA board of directors may not discuss items that are not on the agenda. Therefore, action taken as a result of public comment will be limited to directing staff or counsel to study the matter or scheduling the matter for further consideration and decision at a later date.
- Announcements
- Adjournment
Note on proceedings:
Agenda changes; Attendance by AFA Board of Directors – The agenda for the meeting is subject to change up to 24 hours before the meeting. At its discretion, the AFA may consider and act upon any agenda item out of order. One or more members of the AFA board of directors may participate via teleconference.
Public Comment – Those wishing to address the AFA need not request permission in advance.
Executive Session – If authorized by a majority vote of the AFA members attending the meeting, an executive session will be held immediately following the vote in accordance with A.R.S. § 38-431.03(A)(1), (3) and/or (5) and the meeting will be temporarily recessed while the board of directors retires to executive session, which will not be open to the public.
Note for visitors:
Accommodations – Persons with a disability may request a reasonable accommodation, such as a sign language interpreter. Requests should be made as early as possible to allow time to arrange the accommodation.
Please call or email the AFA’s board meeting counsel at (480) 429-5000 or [email protected] with any questions or to request accommodations.
