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1106261855\1\AMERICAS MINUTES OF SPECIAL MEETING OF THE BOARD OF DIRECTORS OF THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF GLENDALE, ARIZONA November 6, 2025 _________________________________________________________ A Special Meeting of the Board of Directors of The Industrial Development Authority of the City of Glendale, Arizona (the “Authority”) was duly called and held at 4:00 p.m. (due to technical difficulties with the Zoom system, the meeting did not begin until 4:26 p.m.) on Thursday, November 6, 2025, in the Civic Center Annex Vault Boardroom, 5752 West Glenn Drive, Glendale, Arizona. The following Directors of the Authority were present at the meeting: Robert L. Holmes, John Catledge, Miles Charles (present by telephone) and Manuel Ybarra (present by telephone). Directors John Fallucca and Darryl Jaquess were absent. Robert L. Holmes, President of the Authority, presided at the meeting. Also present in person were Trent Dutry, Interim Director, and Shannon Beck, Operations Specialist, City of Glendale Economic Development Department; Brigitte Finley Green, legal counsel to the Authority; and Chris Coffman, Executive Director and Iris Ortega, Program Events Manager, of Helping Hands for Single Moms. The minutes of the Special Meeting of the Board of Directors of the Authority held on August 13, 2025, were presented to the meeting and reviewed and discussed. Mr. Catledge noted his continuing objection to verb tense in the City Clerk’s template for meeting minutes. Upon a motion made by Mr. Charles and seconded by Mr. Ybarra, the minutes were approved pursuant to yes votes by Mr. Holmes, Mr. Charles and Mr. Ybarra with Mr. Catledge abstaining. Mr. Holmes advised that the next item on the Agenda was a presentation by Helping Hands for Single Moms. Mr. Homes called upon Mr. Coffman to review the scholarship program and the way the past year’s funding had been applied and expended. Mr. Coffman and Ms. Ortega discussed the Helping Hands program, noting that the program has had 500 graduates since it began in 2002, the Authority has been donating to the program for Glendale resident scholarships since approximately 2016-17, four of the six most recent Authority scholarship recipients graduated in Spring 2025, 22 of the 29 Spring 2025 graduates were nursing students, and average starting salary of the program’s graduates is $65,000/year. Mr. Coffman distributed to the Board information regarding the program (copies of the materials to be included in the permanent records of the Authority). Next, Mr. Holmes (on behalf of Mr. Charles who was participating by phone) gave a financial report as of November 6, 2025, which noted that the Authority had aggregate funds of $238,986.23 and paid two checks since the last meeting. A copy of the financial report is included in the records of the Authority. Mr. Holmes advised that the next item on the Agenda was considerations of grants and donations. After further discussion regarding the Helping Hands program and discussion regarding the Arizona Humane Society and the financial condition of the Authority, Mr. Holmes - 2 - 1106261855\1\AMERICAS proposed that the annual scholarship grant to Helping Hands be maintained at $24,000 (for six scholarships) and that the Authority make a grant to the Arizona Humane Society of $5,000. Upon a motion made by Mr. Catledge and seconded by Mr. Charles, the Board unanimously voted to award a $24,000 grant to Helping Hands for Single Moms to fund scholarships to single moms either residing in or attending school in Glendale and to award a $5,000 grant to the Arizona Humane Society. Next, Mr. Holmes noted there was an invoice from Squire Patton Boggs in the amount of $2,980.00. Thereafter, upon a motion made by Mr. Catledge and seconded by Mr. Ybarra, the Board unanimously approved payment of this invoice. Next, Mr. Holmes requested that Ms. Finley Green give the legal counsel report. Ms. Finley Green reported the FY 2025-26 annual administrative fees in the amount of $55,000 were all received, forwarded to Mr. Charles and deposited into the Authority’s account. Ms. Finley Green again suggested amending the letter agreement with Midwestern University to increase the annual administrative fee and donation. Finally, Ms. Finley Green stated that Midwestern University still has not reached out about scheduling a meeting to establish a new student loan program. Next there was a discussion about future agenda items. Mr. Holmes noted that there are no future agenda items at this time. A call to the public was made. No members of the public were present. There being no further business, the meeting was adjourned at 4:48 p.m. ____________________________________ Miles Charles, Secretary