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HomeMy WebLinkAboutMinutes - Minutes - Industrial Development Authority - Meeting Date: 6/20/2023MINUTES OF SPECIAL MEETING OF THE BOARD OF DIRECTORS OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF GLENDALE, ARIZONA (June 20, 2023) A Special Meeting of the Board of Directors of The Industrial Development Authority of the City of Glendale, Arizona (the "Authority") was duly called and held at 4:00 p.m. on Tuesday June 20, 2023. in Conference Room 2A, Glendale City Hall, 5850 West Glendale Avenue, Glendale, Arizona. The following Directors of the Authority were present at the meeting: Robert L. Holmes, Howard McKenna, Miles Charles, and Darryl Jaquess, Directors John Catledge and Lisa Maestas were absent. Present was William F. Wilder, legal counsel to the Authority, Robert L. Holmes, President of the Authority, presided at the meeting mid William F. Wilder, legal counsel to the Authority, served as recording Secretary at the meeting. Also present were Jessi Pederson of the City of Glendale Economic Development Department; Pedro Miranda, Julie Arvo MacKenzie and Brigette Finley Green of the law firm of Squire Patton Boggs; and Mike Mitcham, a former member of The Board of Directors of the Authority. The minutes of the Special Meeting of the Board of Directors of the Authority held on October 19, 2022, were presented to the meeting and reviewed and discussed. Upon a motion made by Mr. McKenna and seconded by Mr. Jacquess, the reading of the minutes was waived, and the minutes were approved and adopted by unanimous vote. Next, Mr. Charles, as Treasurer of the Authority,. presented a financial report as of June 20, 2023, which noted that the Authority had aggregate funds of $192.275.25. Thereafter, by acclimation, the financial report was accepted as presented, a copy of the report to be included in the permanent records of the Authority. Next, Mr. Holmes noted there was an invoice from Clark Hill in the amount of $4,996.25 and an invoice for reimbursement to Mr. McKenna and Mr. Wilder for lunch purchases in the amount of $330.52. Thereafter, upon a motion made by Mr. McKenna and seconded by Mr. Jacquess, the Board unanimously approved payment of all Invoices. Next Mr. Holmes advised that Mr. Wilder was retiring from the practice of law and that it was necessary and appropriate that the Authority engage other attorneys to represent the Authority. Mr. Holmes advised that he and Messrs. McKenna and Charles had previously met and had preliminary discussions with representatives of the firm of Squire Patton Boggs, a firm with significant experience in all aspects of the area of public finance law. Thereafter, Mr. Holmes introduced Pedro Miranda, Brigitte Finley Green and Julie Arvo Mac MacKenzie, all of the firm of Squire Patton Boggs. 271851033.,1-6/28/23 Thereafter an extended discussion occurred between members of the Authority Board, Mr. Wilder and the representatives at Squire Patton Boggs regarding the practice and experience of Squire Patton Boggs, its interest and availability to represent the Authority and the overall ability and availability of the said firm to undertake to serve as legal counsel to the Authority. Thereafter, upon a motion made by Mr. McKenna and seconded by Mr. Charles, the Authority Board voted unanimously to engage the firm of Squire Patton Boggs to serve as legal counsel to the Authority and asked Mr. Wilder to turn over to such firm all Authority records, files, Minute Books, Bond transcripts, and related information is the possession of Mr. Wilder. There being no further business, the meeting�g wa�ssadjourned at 4:50 p.m. Miles Char es, Secretary -2-