COPS 2027 JUNE 2025 DOI TO REIMBURSE.PDF

1104546840\3\ 
Resolution Declaring Official Intent Under U.S. Treasury 
Regulations with Respect to Reimbursements from Bond 
Proceeds of Temporary Advances Made for Payments Prior to 
Issuance, and Related Matters. 
C Number:  _____________ 
WHEREAS, United States Treasury Regulations §1.150-2 (the “Reimbursement 
Regulations”) prescribe conditions under which proceeds of bonds, notes or other obligations used 
to reimburse advances made for capital and certain other expenditures paid before the issuance of 
such bonds, notes or other obligations will be deemed to be expended (or properly allocated to 
expenditures) for purposes of Sections 103 and 141-150 of the Internal Revenue Code of 1986, as 
amended (the “Code”), upon such reimbursement so that the proceeds so used will be treated as 
allocated to those original expenditures under those sections of the Code; and 
WHEREAS, certain provisions of the Reimbursement Regulations require that there be 
a declaration of official intent not later than 60 days following payment of the capital and other 
expenditures expected to be reimbursed from proceeds of bonds, notes or other obligations, and that 
the reimbursement occur within certain prescribed time periods after the capital or other expenditure 
is paid or after the property resulting from that capital or other expenditure is placed in service; and 
WHEREAS, Maricopa County, Arizona (the “County”) intends to borrow the proceeds 
of tax-exempt obligations (the “Bonds”) to finance the costs of certain capital expenditures; and 
WHEREAS, this Board wishes to declare the County’s official intent to reimburse itself 
from the proceeds of the Bonds for certain capital and other expenditures made by the County prior 
to the issuance of the Bonds as required by the Reimbursement Regulations; 
NOW, THEREFORE, be it Resolved by the Board of Supervisors of Maricopa County, 
Arizona as follows: 
Section 1. 
The County reasonably expects that certain capital and other 
expenditures (the “Original Expenditures”) made for the purposes described on Exhibit A hereto 
(the “Project”) will be reimbursed with the proceeds of the Bonds.  The maximum principal amount 
of the Bonds expected to be issued for the first phase of the Project is $10,100,000, with the total 
maximum issuance amount to be determined after the design phase is complete. 
Section 2. 
The Chief Financial Officer of the County or his designee are each 
authorized to make appropriate reimbursement and timely allocations from the proceeds of the 
Bonds to reimburse the Original Expenditures, and to take any other actions as may be appropriate, 
including evidencing in writing an allocation on the books and records of the County showing the 
use of the proceeds of the Bonds to restore the money advanced for the Original Expenditures, all at 
the times and in the manner required under the Reimbursement Regulations in order for the 
reimbursement to be treated as an expenditure of such proceeds for purposes of Sections 103 and 
141 to 150 of the Code.

1104546840\3\ 
EXHIBIT A 
Bonds 
(Anticipated COP Series 2027) 
Capital Projects 
FY26 
Total 
Intake, Transfer, and Release Facility Expansion
$3,000,000
$3,000,000
Southwest Justice Center Expansion
3,000,000
3,000,000
Jail Security Control Systems Upgrade and Replacement
1,100,000
1,100,000
MCSO Food Factory Refresh
2,000,000
2,000,000
225 W Madison HVAC Corrections
1,000,000 
1,000,000 
Total Projects
$10,100,000
$10,100,000