HomeMy WebLinkAboutMinutes - Minutes - Industrial Development Authority - Meeting Date: 10/21/2020MINUTES
INDUSTRIAL DEVELOPMENT AUTHORITY
OF THE CITY OF GLENDALE, ARIZONA
GLENDALE CITY HALL - CONFERENCE ROOM 2A
5850 W. GLENDALE AVE.
GLENDALE, ARIZONA 85301
OCTOBER 21, 2020
4:00 P.M.
Present: President Robert Holmes
Secretary/Treasurer Miles Charles
Member Darryl Jaquess
President Howard McKenna
Absent: Vice President John Catledge
Member Lisa Maestas
Also Present: John J. Fries, Esq., Legal Counsel to the Authority
William F. Wilder, Esq., Legal Counsel to the Authority
Jessi Pederson, Assistant Director of Economic Development
Notice is hereby given that a Special Meeting of the Board of Directors of the Industrial Development
Authority of the City of Glendale, Arizona (the "Authority") will be held at 4:00 pm., Wednesday, October
21, 2020, in Conference Room 2A, Glendale City Hall, 5850 West Glendale Avenue, Glendale, Arizona,
to consider and take notice as appropriate with regard to the following matters:
1. CALL TO ORDER
The meeting was called to order at 4:00 p.m.
2. ROLL CALL
3. CALL TO THE PUBLIC
None
4. APPROVAL OF THE MINUTES OF THE BOARD ON SEPTEMBER 8, 2020
The minutes of the Special Meeting of the Board of Directors of the Authority held on September 8,
2019, were presented to the meeting and reviewed and discussed. Upon a motion made by Mr.
Jaquess and seconded by Mr. McKenna, the reading of the minutes was waived and the minutes
were approved and adopted by unanimous vote.
Motioned by Member Darryl Jaquess, seconded by President Howard McKenna
AYE: President Robert Holmes
Secretary/Treasurer Miles Charles
Member Darryl Jaquess
President Howard McKenna
Passed
5. REPORT BY REPRESENTATIVE OF HELPING HANDS FOR SINGLE MOMS AND
DISCUSSION AND ACTION AS DETERMINED REGARDING A GRANT OF AUTHORITY
FUNDS TO PROVIDE SCHOLARSHIP ASSISTANCE TO STUDENTS PARTICIPATING IN THE
HELPING HANDS FOR SINGLE MOMS PROGRAM
Mr. Holmes advised that the next item on the Agenda was for the representatives of Helping
Hands for Single Moms to give a report.
The following representatives were in attendance, Chris Coffman, Executive Director of Helping
Hands for Single Moms; Layla Maroufkani, Program Director for Helping Hands for Single Moms
and a graduate funded with scholarships provided by the Authority and Myrenia Aviles, a past
holder of an Authority scholarship, a resident of Glendale and a graduate employed as a social
worker by a Glendale not-for-profit organization.
Mr. Holmes called upon Mr. Coffman to review for the Board the scholarship program and the
manner in which the past year's funding had been applied and expended. Mr. Coffman discussed
the Helping Hands program and distributed to the Board a Report together with information
regarding the recipients of the Glendale IDA scholarships and general information regarding the
Helping Hands program (copies of these materials to be included in the permanent records of the
Authority). Ms. Avila reported on how the Helping Hands scholarship helped and enabled her to
continue with her education and Ms. Maroufkani reported on how the Helping Hands scholarship
program had enabled her to graduate with a degree in nursing and obtain a good paying job as a
nurse.
6. FINANCIAL REPORT
Next, Mr. Charles, as Treasurer of the Authority, gave a financial report as of October 21, 2020,
which noted that the Authority had aggregate funds of $153,461.13. Thereafter, upon a motion
made by Mr. McKenna and seconded by Mr. Jaquess, the financial report was accepted as
presented, a copy of which is included in the records of the Authority.
Motioned by President Howard McKenna, seconded by Member Darryl Jaquess
AYE: President Robert Holmes
Secretary/Treasurer Miles Charles
Member Darryl Jaquess
President Howard McKenna
Passed
7. PAYMENT OF INVOICES
Next, Mr. Holmes noted there was an invoice from Ryley Carlock & Applewhite in the amount of
$3,700.45. Thereafter, upon a motion made by Mr. McKenna and seconded by Mr. Holmes, the
Board unanimously approved payment of this invoice.
Motioned by President Howard McKenna, seconded by President Robert Holmes
AYE: President Robert Holmes
Secretary/Treasurer Miles Charles
Member Darryl Jaquess
President Howard McKenna
Passed
8. After further discussion regarding the Helping Hands program as well as the financial condition of
the Authority and upon a motion made by Mr. McKenna and seconded by Mr. Charles, the Board
unanimously voted to award a $20,000 grant to Helping Hands for Single Moms to fund
scholarships to single moms either residing in or attending school in Glendale.
Motioned by President Howard McKenna, seconded by Secretary/Treasurer Miles Charles
AYE: President Robert Holmes
Secretary/Treasurer Miles Charles
Member Darryl Jaquess
President Howard McKenna
Passed
9. ADJOURNMENT
There being no further business, the meeting was adjourned at 4:40 p.m.
The Industrial Development Authority meeting minutes of October 21, 2020 were submitted and
approved this 5th day of May 2021.
Suzie Ricard
Recording Secretary
Glendale IDA Financial Report
Prepared for meeting on October 21st, 2020
The following information is as of October 21st, 2020
Balances:
BMO Harris Bank Money Market $125,395.00
BMO Harris Bank Checking $28,066.13
Total: $153,461.13
Activity since Sept 8th 2020
The Money Market account has received $73.63 interest (YTD).
We paid 1 invoice to:
Ryley Carlock & Applewhite in the amount of $6,663.31 (Atty fees )
This reflects activity from 9/8/2020 to 10/21/2020
Miles Charles
Secretary & Treasurer