FY24 LEASE FINANCING DOI 5-10-2023.DOC
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DECLARATION OF OFFICIAL INTENT C-18-23-____-____-___ For Reimbursement of Expenditures from Lease Financing 1) Maricopa County, Arizona (the “Issuer”) has determined a need to enter into lease financing to replace County equipment such as vehicles, radios, and computers. 2) A portion of the expenditures relating to the Project (the “Expenditures”) (i) has been paid within sixty days prior to the date hereof or (ii) will be paid on or after the date hereof. 3) The issuer reasonably expects to reimburse the Expenditures with proceeds of lease financing. 4) The maximum principal amount of obligations expected to be issued is $18,953,900. a. $12,803,667 – General and Detention Funds Vehicles b. $5,722,195 – Radio Refresh c. $428,038 – Computer Refresh The undersigned has been authorized by the Issuer to make and sign this Declaration on behalf of the Issuer pursuant to action taken by the Board of Supervisors on June 28, 2023. (Clerk of Certification of action attached) Date of Declaration: June 28, 2023 Maricopa County, Arizona Name of Issuer Clint Hickman Chairman, Board of Supervisors ATTEST: Juanita Garza Date Clerk, Board of Supervisors LEGAL REVIEW Approved as to form and within the powers and authority granted under the laws of the State of Arizona to Maricopa County. Deputy County Attorney Date