B_FORM - RESOLUTION - MARICOPA COUNTY DISTRICTS LINE OF CREDIT (DISTRICTS) - 2026.PDF

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RESOLUTION AGENDA ITEM # C-43-26-067-X-00 
A RESOLUTION OF THE BOARD OF SUPERVISORS OF MARICOPA COUNTY, 
ARIZONA APPROVING THE FORM AND AUTHORIZING THE EXECUTION AND 
DELIVERY OF AN AGREEMENT BETWEEN THE TREASURER OF MARICOPA COUNTY 
AND JPMORGAN CHASE BANK, N.A. PROVIDING FOR SEPARATE LINES OF CREDIT 
FOR EACH POLITICAL SUBDIVISION OF THIS STATE FOR WHICH THE COUNTY 
TREASURER ACTS AS TREASURER; RATIFYING ALL ACTIONS TAKEN TO DATE 
WITH RESPECT TO SUCH AGREEMENT. 
RECITALS 
WHEREAS, Maricopa County, Arizona (the “County”) through its Board of Supervisors 
(the “Supervisors”), acting as the Board of Deposit (the “Board of Deposit”), has heretofore 
ordered the receipt of bids for a servicing bank for the County for the period commencing July 1, 
2026 and ending June 30, 2029, with permitted extensions of the two additional years pursuant to 
A.R.S. § 35-325; and 
WHEREAS, included in the proposals for servicing bank were proposals for a line of 
credit for each individual political subdivision of the state for which the County Treasurer acts as 
treasurer pursuant to A.R.S. § 11-604.01; and 
WHEREAS, the proposal of JPMorgan Chase Bank, N.A. (the “Bank”) was announced as 
the best bid for services as servicing bank and the best bid to provide the County and political 
subdivisions of the State for which the County Treasurer acts as treasurer with lines of credit for 
the period commencing July 1, 2026 and ending June 30, 2029, with permitted extensions of not 
more than two additional years; and 
WHEREAS, A.R.S. §§ 11-604.01 et. seq., authorizes the Supervisors of the County to 
enter into a line of credit agreement on behalf of each individual political subdivision of the state 
for which the County acts as treasurer; and 
WHEREAS, a draft of the Business Loan Agreement (Maricopa County Districts 
Revolving Line of Credit) providing a line of credit for each qualifying political subdivision of 
this State for which the County Treasurer acts as treasurer and to be evidenced by a promissory 
note has been provided by the Bank (upon execution and inclusive of the referenced promissory 
note, the “Political Subdivisions Agreement”) and has been placed on file with the Clerk of this 
Board and presented at the meeting at which this Resolution was adopted; and 
WHEREAS, by this Resolution the Supervisors will authorize the execution and delivery 
of the Political Subdivisions Agreement in substantially the form so presented to the Board of 
Supervisors, subject to the approval of the Maricopa Deputy County Attorney, as assigned counsel. 
NOW THEREFORE BE IT RESOLVED BY THE BOARD OF SUPERVISORS OF 
MARICOPA COUNTY, ARIZONA, AS FOLLOWS: 
Section 1.  That the Political Subdivisions Agreement, in substantially the form on file 
with the Clerk, is approved and the Chair of this Board and the Treasurer of the County are

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authorized and directed to revise, if necessary, and to execute and deliver the Political Subdivisions 
Agreement on file with the Clerk for each qualifying political subdivision of the state for which 
the County Treasurer acts as Treasurer. 
Section 2.  The County Treasurer is named as each political subdivision’s agent for all 
purposes of the Political Subdivisions Agreement. The County Treasurer is authorized to take all 
acts and to do all things on behalf of each qualifying political subdivision of the state for which 
the County Treasurer acts as treasurer, including, with limitation, requesting amendments to the 
Commitment Amount Cap under the Political Subdivisions Agreement, provided that the 
Commitment Amount Cap shall not be increased to an amount which exceeds $400,000,000. 
Section 3.  All actions taken by the County Treasurer and any person representing the 
County Treasurer with respect to the Political Subdivisions Agreement, and the procedures 
pertaining thereto, are hereby ratified and affirmed. This resolution shall become effective upon 
adoption and execution. 
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PASSED, ADOPTED AND APPROVED by the Maricopa County Board of Supervisors on this 
_____ of ___________, 2026. 
 
 
By: 
 
      Chair, Board of Supervisors 
ATTEST: 
 
 
Clerk of the Board of Supervisors 
APPROVED AS TO FORM AND  
WITHIN THE POWERS AND 
AUTHORITY OF MARICOPA COUNTY: 
 
 
Deputy County Attorney