Draft Minutes of 08/06/2020

DRAFT
G

Glendale

ARIZONA

MINUTES OF SPECIAL TELEPHONIC MEETING OF
BOARD OF DIRECTORS OF
THE INDUSTRIAL DEVELOPMENT AUTHORITY OF
THE CITY OF GLENDALE, ARIZONA

AUGUST 6, 2020
10:A.M.

CALL TO ORDER

A Special Telephonic Meeting of the Board of Directors of The Industrial Development Authority of
the City of Glendale, Arizona (the "Authority") was held starting at 10:00 a.m. on August 6, 2020
pursuant to call and notice of the meeting.

ROLL CALL

Mr. Holmes, President of the Authority, presided at the meeting and Mr. Charles, Secretary of the
Authority, served as secretary at the meeting. Ms. Pedersen advised she was recording the meeting
in accordance with the policies of the City of Glendale.

Mr. Holmes opened the meeting after acknowledging the presence of a quorum.

Present: Robert Holmes, President
John Catledge, Vice President
Charles Miles, Secretary/Treasurer
Alan Berta, Member
Diane McCarthy, Member
Howard McKenna, President
Absent: Lisa Maestas, Member
Also Present: Jessi Pederson, Assistant Director of Economic Development
Attendees: William F. Wilder Esq., Law Firm Ryley &Carlock & Applewhite

John J. Fries, Esq., Law Firm Ryley &Carlock & Applewhite
FINANCIAL REPORT

Mr. Holmes advised that the first item on the Agenda was to receive a financial report. Mr. Charles,
Treasurer of the Authority, reported that the Authority had $156,594.19 on deposit in the Authority
bank accounts.

4. THE DESIGNATION OF WILLIAM P. CONNEALY TO SERVE AS SPECIAL LEGAL COUNSEL
TO THE AUTHORITY IN CONNECTION WITH THE UPCOMING FINANCING FOR PEOPLE OF
FAITH, INC., DBA ROYAL OAKS LIFE CARE COMMUNITY

Next the Board considered the appointment of Mr. Connealy to serve as special legal counsel to the
Authority regarding a new bond financing for People of Faith, Inc. since Ryley Carlock & Applewhite
would be serving as counsel to People of Faith, Inc.

Upon a motion made by Mr. McKenna and seconded by Mr. Charles, the Directors participating
voted unanimously to appoint Mr. Connealy as special legal counsel to handle the planned new
financing for People of Faith, Inc., and in this regard, to conduct on behalf of the Authority any
required public hearings.

5. ADJOURNMENT

Next Mr. Holmes asked if there was any other business to come before the meeting and there being
none, he adjourned the meeting at 10:12 a.m

The Industrial Development Authority meeting minutes of , 2019 were submitted and approved
this day of , 2019.
Suzie Ricard

Recording Secretary