Attachment A - City Council Resolution SSS Academy 9-7-2025 v3 FINAL.pdf

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RESOLUTION _____ 
A RESOLUTION GRANTING FINAL APPROVAL OF THE 
ISSUANCE, IN ONE OR MORE SEPARATE TAXABLE OR 
TAX-EXEMPT SERIES AND SUBSERIES, OF A PRINCIPAL 
AMOUNT 
NOT 
TO 
EXCEED 
$150,000,000 
OF 
EDUCATIONAL FACILITIES REVENUE BONDS (SSS 
ACADEMY 
PROJECT) 
OF 
THE 
INDUSTRIAL 
DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX, 
ARIZONA 
_______________ 
WHEREAS, The Industrial Development Authority of the City of Phoenix,
Arizona (the “Issuer”), is a nonprofit corporation designated a political subdivision of the
State of Arizona (the “State”) incorporated with the approval of the City of Phoenix, 
Arizona (the “City”); and
WHEREAS, Title 35, Chapter 5, of the Arizona Revised Statutes, Section 
35-701 et seq., as amended (the “Act”), authorizes the Issuer to issue revenue bonds for
the purposes set forth in the Act, including the making of secured and unsecured loans 
to finance or refinance the acquisition, construction, improvement, equipping or operation 
of a “project” (as defined in the Act) whenever the Board of Directors of the Issuer finds 
such loans to further advance the interests of the Issuer or the public interest, and to 
refund outstanding obligations incurred by an enterprise to finance the costs of a “project” 
when the Board of Directors of the Issuer finds such loans to be in furtherance of the 
purposes of the Authority or in the public interest; and 
ATTACHMENT A

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Resolution No. _____ 
WHEREAS, the Borrower has requested that the Issuer issue, in one or 
more separate taxable or tax-exempt series and subseries, its Educational Facilities 
Revenue Bonds (SSS Academy Project) (the “Bonds”), pursuant to a Trust Indenture (the 
“Indenture”), between the Issuer and UMB Bank, National Association (the “Trustee”), 
and enter into a Loan and Security Agreement (the “Agreement”), between the Issuer and 
the Borrower, pursuant to which the Issuer will loan the proceeds of the Bonds to the 
Borrower for purposes of financing or refinancing the costs of (a) the acquisition, 
construction, completion and equipping of arena facility improvements located at 2727 W 
Bronco Butte Trail, Phoenix, Arizona, to be used as educational facilities by the Borrower 
(the “Facilities”); (b) funding a debt service reserve fund; (c) funding working capital and 
capitalized interest on the Bonds; and (d) paying certain costs of issuance of the Bonds 
(collectively, the “Project”), all in accordance with the Act; and 
WHEREAS, the Issuer, by Resolution 2025-16, duly adopted by the Board
of Directors of the Issuer at a lawful meeting called and held on September 18, 2025,
granted approval of the issuance and sale of the Bonds in an aggregate principal amount
not to exceed $150,000,000; and
WHEREAS, Section 35-721(B) of the Act provides that the proceedings of 
the Issuer under which the Bonds are to be issued require the approval of the Council of 
the City; and 
WHEREAS, Section 147(f) of the Code requires that an “applicable elected 
representative” (as that term is defined in the Code) approve the issuance of the Bonds 
and the plan of finance for the Project following a public hearing, which public hearing 
was held by the Authority on October 7, 2025; and

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3 
Resolution No. _____ 
WHEREAS, information regarding the Project to be financed with the 
proceeds of the Bonds has been presented to the Council of the City; and 
WHEREAS, it is intended that this Resolution shall constitute approval by 
the Council of the City pursuant to Section 35-721(B) of the Act with respect to the Bonds. 
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY 
OF PHOENIX, ARIZONA as follows: 
SECTION 1. The proceedings of the Issuer under which the Bonds are to 
be issued are hereby approved. 
SECTION 2. The issuance of the Bonds and the plan of finance for the
Project are hereby approved.
SECTION 3. Notice of Arizona Revised Statutes Section 38-511 is hereby
given.  The provisions of that statute are by this reference incorporated herein to the
extent of their applicability to matters contained herein.

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Resolution No. _____ 
PASSED BY THE COUNCIL OF THE CITY OF PHOENIX, ARIZONA this ___ day 
of October, 2025. 
MAYOR 
ATTEST: 
 City Clerk 
APPROVED AS TO FORM: 
Acting City Attorney
REVIEWED BY: 
City Manager