Vote — approved

Bill Gates	yes
Clint Hickman	yes
Jack Sellers	yes
Thomas Galvin	yes
Steve Gallardo	yes

43.INTERNATIONAL GENOMICS CONSORTIUM EXTENSION REQUEST Authorize and approve a one-time 90 (ninety) day extension for International Genomics Consortium (IGC) to remit their audited financial statement in compliance with the Maricopa County Economic Development Funding Agreement, Section 7 item (g) and their assessment of IGC’s impact in Maricopa County as well as a plan to augment, lessen or eliminate the future funding from Maricopa County in compliance with the Agreements, Item 3 (Amendment of

Item Text

43. INTERNATIONAL GENOMICS CONSORTIUM EXTENSION REQUEST Authorize and approve a one-time 90 (ninety) day extension for International Genomics Consortium (IGC) to remit their audited financial statement in compliance with the Maricopa County Economic Development Funding Agreement, Section 7 item (g) and their assessment of IGC’s impact in Maricopa County as well as a plan to augment, lessen or eliminate the future funding from Maricopa County in compliance with the Agreements, Item 3 (Amendment of Section 5 – County Funding Commitment), and Item 4 (Amendment of Section 6 – Prerequisites to Disbursement of County Funding) pursuant to the Third Amendment to Economic Development Funding Agreement (C-18-03-008-1-03), as approved by the Board of Supervisors on June 7, 2017. If the 90-day one-time extension is not granted, IGC will be in violation of the terms and conditions of the IGA. Except for the 90-day one-time extension, there are no other exceptions to the IGA. IGC has requested the 90-day extension as their audited financial statements have been delayed due to COVID-19. IGC’s auditors are scheduled to perform field work in April 2022, with an anticipated financial statement issuance date of April 30, 2022. A 90 day extension would require submission of the financial statements and other information no later than June 30, 2022. The County provides financial assistance to IGC for the purposes of establishing a scientific research/educational campus in Maricopa County and advancing the economic development goals of the County. (C-18-21-065-X-00)

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