- Form; Questions. The Authority has set forth the attached form, stating information it would like to have in the Application. If the Applicant has questions, a conference call can be scheduled to review the Application. Questions concerning this Application may be directed to the Authority’s Counsel at any time.
- Format. The Application form is designed to help the Applicant in providing the Authority with sufficient information on which to base its decision to consider the preliminary approval and/or the final issuance of the bonds (as requested). If additional information not requested would be disclosed in a disclosure document or be helpful, the Applicant should include it.
- Number; Address. The Application is to be provided to the Authority’s counsel no fewer than ten (10) business days prior to the Authority meeting at which consideration of the Application is requested. If mailed, please provide one complete original to the Authority’s counsel at the following address (if emailed, please provide in non-zipped pdf format):
The Industrial Development Authority of the County of Pima
c/o T. Patrick Griffin, Legal Counsel
Miller, Pitt, Feldman, & McAnally, PLC
1 South Church Avenue, #1000
Tucson, Arizona 85701
pgriffin@mpfmlaw.comCopy to:
The Industrial Development Authority of the County of Pima
c/o Community Investment Corporation
2033 East Grant Road
Tucson, Arizona 85719
info@pimaida.org - Authority Meetings. Regular meetings of the Authority are currently scheduled for the 2nd Friday of each month, commencing at 12:00 p.m., as indicated on a given meeting’s notice or agenda. NOTE: In appropriate circumstances, upon written request, the Authority may hold a special meeting to consider an Application (for which a special meeting notice will be prepared).
- Applicant’s Presentation. Representatives of the Applicant may attend the meeting of the Authority at which the preliminary resolution and/or the final resolution considering the issuance of bonds based upon the Application, in order to make a brief oral presentation of the proposed Project and related financing and to answer questions.
- Fees and Expenses. The Authority’s fees are as follows:
A) Application Fee. The complete fee for filing an Application is Three Thousand Dollars ($3,000.00), which is non-refundable. If the Applicant is a for-profit entity, the entire amount is due at time of filing. If the Applicant is a non-profit entity, One Thousand Dollars ($1,000.00) is to be paid at the time the Application is filed and the balance (i) within ninety (90) days of the Authority’s consideration of preliminary approval or (ii) the approving resolution for the issuance of the proposed bonds. If the preliminary approval is denied, no further fees beyond the initial payment is required unless the application is resubmitted, and preliminary approval is subsequently given.
B) Authority’s and Authority’s Counsel Fees. By submitting an Application, the Applicant also agrees to pay all costs and expenses incurred by the Authority or its Board related to the issuance of the bonds, including the legal expenses and cost of its counsel.
C) Annual Assessment of Authority’s Administrative Expense. Additionally, as a condition to the issuance of the bonds, the Applicant must agree to pay a proportionate part of the Authority’s administrative expenses during the period the bonds are outstanding. Such amount will be determined by the Authority from time to time. - Further Information. The Authority reserves the right to request that the Applicant provide the Authority with additional information about the Applicant’s business, the Project and/or the financing, including, but not limited to, financial projections on the Applicant’s business or the Project.
- Application Submission. When the Applicant signs the Application to the Authority, the Applicant will be representing that all information therein is correct and that the Applicant be deemed to know, understand, and accept the Authority’s procedures, as outlined in the Procedural Pamphlet.
- Open Meetings and Public Records Laws. The Authority is subject to, and complies with, the Open Meeting and Public Records laws of the state of Arizona. Therefore, all meetings are open to the public and all information discussed at such meetings and the Authority’s records, including the Application (subject to exceptions in such laws), is available to the public. The agenda for each meeting of the Authority is available upon request from Community Investment Corporation at least 24 hours prior to the meeting.
- Authority’s Website. The Authority has a website (pimaida.org) which is publicly available on the internet. The Applicant agrees and consents that information provided to the Authority regarding the Applicant and its Application to the Authority, as well as bonds issued by
the Authority, may be included on the Authority’s website, specifically on a listing of bonds issued. The Authority will direct all public inquiries regarding such bonds to EMMA, or the Trustee or purchaser of such bonds, as appropriate. - Conflict of Interest Law (ARS §38-511). The Authority is subject to the conflict of interest laws, including that any contract to which the Authority is a party can be cancelled for a period of three years after execution if the person acting on behalf of the Authority is considered
an employee or agent of another party to the contract.
The Application should contain sufficient amount of the following information to allow the Pima IDA to review the Applicant and the Project. The Application must be accompanied by a signature of an authorized officer of the Applicant. Up to and prior to the issuance of bonds, if the Pima IDA considers the application to be incomplete or for any reason, the Pima IDA reserves the right to request from the Applicant any additional information the Pima IDA deems necessary for approval of the Application and/or issuance of bonds. Submission of the Application or receipt by counsel to the Pima IDA or members of the Pima IDA Board does not automatically ensure consideration by the Pima IDA or granting of approval, preliminary or final. Submission will be deemed to be acceptance of the terms and conditions set forth herein.