PHOENIX-#695020-V2-MIHS_ALTERNATE_BOARD_OF_SUPERVISORS_ORDER_FOR_BOND_ELECTION.DOCX.DOCX

ORDER AND CALL OF A SPECIAL BOND ELECTION TO BE HELD IN
AND FOR MARICOPA COUNTY SPECIAL HEALTH CARE DISTRICT
ON NOVEMBER 4, 2014.
1. Pursuant to Arizona Revised Statutes Section 48-5566, and an application received from
the Board of Directors of the Maricopa County Special Health Care District (the “District”), this
Board hereby orders and calls a special bond election to be held on November 4, 2014
submitting to the qualified electors of the District the following question in the manner
prescribed by Title 35, Chapter 3, Article 3, Arizona Revised Statutes, authorizing the issuance
of not exceeding $935,000,000 aggregate principal amount of general obligation bonds.
Full Text Proposition [To appear in voter information pamphlet and be accessible in voting
locations]
Shall Maricopa County Special Health Care District, operating as Maricopa Integrated
Health System (“MIHS”), be authorized to issue and sell general obligation bonds of the District
in an aggregate principal amount not exceeding $935,000,000 to meet community need for
healthcare facilities throughout Maricopa County, including, without limitation, development,
improvement, expansion, construction and equipping of facilities for outpatient primary and
specialty care, behavioral health services, medical education, clinical training, and inpatient
services, including replacement of the District’s teaching hospital Maricopa Medical Center, its
Level One Trauma Center and Arizona Burn Center, on the existing campus, and including the
refinancing of obligations previously incurred for such purposes and the reimbursement of
amounts previously advanced by the District for such purposes, and the acquisition of real and
personal property or interests or rights in property for such purpose and paying all expenses
properly incidental thereto and to the issuance of such bonds?
The bonds are to be issued in one or more series, maturing not less than one year (or a
portion thereof) and not more than 30 years following the date of issuance of each series, bearing
interest at a rate or rates not higher than 10 percent per annum and to be sold at prices that may
include a premium not greater than that permitted by law. The issuance of these bonds will result
in a property tax increase sufficient to pay the annual debt service on the bonds.
Tagline Ballot [Text to appear on ballot if abbreviated ballot required for the election]
Shall the Maricopa County Special Health Care District, operating as Maricopa
Integrated Health System (MIHS), be authorized to issue and sell General Obligation Bonds of
$935,000,000 to meet community need for healthcare facilities throughout Maricopa County,
including, without limitation, facilities for outpatient care, behavioral health, and replacement of
the District’s teaching hospital Maricopa Medical Center, its Level One Trauma Center and
Arizona Burn Center?
2. The application submitted by the Board of Directors of the District indicates that
as of its date, the District (a) has no outstanding or authorized general obligation bonds, (b) has
no Constitutional debt limitation, and (c) has a statutory debt limitation of $3,222,900,681.
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3. The County Manager, the Clerk of the Board and the County Elections Director,
or their designee(s), are directed to take all necessary actions in connection with such special
bond election.
Submitted by the Board of Supervisors of Maricopa County, Arizona, on June ___, 2014.
MARICOPA COUNTY, ARIZONA
By:
Chairman, Board of Supervisors
ATTEST:
By:
Clerk, Board of Supervisors
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