IDA Meeting Minutes- November 14th Meeting

Meeting Minutes 
Industrial Development Authority 
Regular Meeting 
 
November 14, 2023| 7:30 a.m. 
Chandler City Council Chambers 
88 E. Chicago Street, Chandler, AZ 
 
 
Call to Order 
The meeting was called to order by President Shannon Wilson at 7:30 a.m. 
 
Roll Call 
Commission Attendance  
 
Staff Attendance 
President Shannon Wilson 
 
Dawn Lang, Deputy City Manager | CFO 
Vice President Chuck Ertl  
 
Tawn Kao, Assistant City Attorney  
 
 
Secretary William Nolde   
 
Kristi Smith, Financial Services Asst Director 
Director John Lok  
 
 
Robert Steele, Accounting Senior Manager 
 
Director James Baglini, Jr.  
 
Karla Lange, Management Assistant 
 
 
 
 
 
 
Megan Rinkenberger, Management Assistant 
 
 
 
 
 
 
Micah Miranda, Economic Development Director 
 
 
 
 
 
 
Edyie McCall, Economic Development Sr. Program Mgr. 
 
 
 
 
 
 
Chandler Escalante, Workforce Development Project Mgr. 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Mary Foote, CEO, Pipeline AZ 
  
 
 
 
 
 
 
Rabbanni FurQaan, Director of Development, Pipeline AZ 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Absent 
Treasurer Edward Salanga 
Director Lee Kroll   
 
 
 
 
 
  
Scheduled and Unscheduled Public Appearances 
None.

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Approval of Minutes 
1. 
Secretary Nolde moved to approve the May 9, 2023, Regular Meeting Minutes. Vice 
President Ertl seconded the motion. Motion approved unanimously, (5-0). 
 
Briefing Items 
2. 
May 2023 Financials: Mr. Steele presented the May Statement of Net Position that 
explained Total Current Assets with Cash in Bank of $100,033, Investments of 
$1,049,239, providing Total Assets of $1,149,272. The Beginning Net Position is $999,720 
and a Year-to-Date Change in Net Position of $149,551, providing an Ending Net Position 
of $1,149,272. The Statement of Revenues, Expenditures, and Changes in Net Position 
for May 31, 2023, includes no change to Operating Income or Operating Expenses and 
Investment Income of $516, providing a Net Change in Net Position of $516 for May.  
 
June 2023 Financials: Mr. Steele presented the June Statement of Net Position that 
explained Total Current Assets with Cash in Bank of $100,033, Accounts Receivable of 
$2,000, Investments of $1,051,980, providing Total Assets of $1,154,013. The Beginning 
Net Position is $999,720 and a Year-to-Date Change in Net Position of $154,293, 
providing an Ending Net Position of $1,154,013. The Statement of Revenues, 
Expenditures, and Changes in Net Position for June 30, 2023, includes an Operating 
Revenue of $2,000, and Investment Income of $2,741, providing a Net Change in Net 
Position of $4,741 for June. 
 
Fiscal Year End: Operating Revenue of $142,540, Operating Expenses for the year of 
$17, leading to Total Operating Income of $142,523. June Investment Income of $2,741 
brings the year-end Total Non-Operating Revenue to $11,770. Total Change in Net 
Position is $154,293. 
 
July 2023 Financials: Mr. Steele presented the July Statement of Net Position that 
explained Total Current Assets with Cash in Bank of $100,033, Accounts Receivable of 
$2,000, Investments of $1,054,246, providing Total Assets of $1,156,279. The Beginning 
Net Position is $1,154,013 and a Year-to-Date Change in Net Position of $2,266, providing 
an Ending Net Position of $1,156,279. The Statement of Revenues, Expenditures, and 
Changes in Net Position for July 31, 2023, includes no change to Operating Income or 
Expenses, and Investment Income of $2,266, providing a Net Change in Net Position of 
$2,266 for July. 
 
August 2023 Financials: Mr. Steele presented the August Statement of Net Position that 
explained Total Current Assets with Cash in Bank of $102,033, Investments of 
$1,057,903, providing Total Assets of $1,159,936. The Beginning Net Position is 
$1,154,013 and a Year-to-Date Change in Net Position of $5,922, providing an Ending

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Net Position of $1,159,936. The Statement of Revenues, Expenditures, and Changes in 
Net Position for August 31, 2023, includes no change to Operating Income or Expenses, 
and Investment Income of $3,656, providing a Net Change in Net Position of $3,656 for 
August. 
 
September 2023 Financials: Mr. Steele presented the September Statement of Net 
Position that explained Total Current Assets with Cash in Bank of $102,033, Investments 
of $1,061,587, providing Total Assets of $1,163,620. The Beginning Net Position is 
$1,154,013 and a Year-to-Date Change in Net Position of $9,606, providing an Ending 
Net Position of $1,163,620. The Statement of Revenues, Expenditures, and Changes in 
Net Position for September 30, 2023, includes no change to Operating Income or 
Expenses, and Investment Income of $3,684, providing a Net Change in Net Position of 
$3,684 for September. 
 
Mr. Steele commented that city staff are in the process of preparing the Intel billings for 
the Annual Fees, to be sent out mid-December or early January, and approximately 
$141,000 is anticipated as a result. The Annual Corporation Report should be coming 
out soon and will see some small Operating Expenditures there.  
 
3. 
IRS Form 990 Fiscal Year Ending June 30, 2023 – Filed in October 2023, but there will 
be an amended return filed in the next couple weeks, which will be provided at the next 
meeting. 
 
4. 
Arizona Corporation Commission Annual Report – Report filed in a timely manner. 
 
5. 
Chandler Workforce Development Software Platform Grant Proposal Presentation 
– Edyie McCall introduced Mary Foote, CEO, and Rabbanni FurQaan, Director of 
Development for Pipeline AZ. Mr. FurQaan presented to the Board regarding their fully 
funded, first-in-the-nation non-profit technology platform for broad-based regional 
workforce career mapping and matching.  
 
The platform would be specific to the City of Chandler and serves K-12 (MyFutureAZ 
platform – 4,700 Chandler students), college (CGCC – 7,600 students), youth, and 
community members. The platform provides support, career development, and 
pathway mapping to careers in Chandler industries, addressing current workplace 
challenges. It utilizes quarterly reporting and analytics, and customized education and 
training information.  
 
Action Agenda 
1. 
Discussion and possible approval of a request from the City of Chandler’s Economic 
Development Division for $53,200 for the first two (2) years of the Chandler Workforce 
Development Software Platform Grant Proposal. Vice President Ertl moved to approve

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the Chandler Workforce Development Software Platform Grant Proposal and Director 
Lok seconded the motion. Motion approved unanimously, (5-0).  Ms. Lang noted that 
she will work with Bond Counsel Zach Sakas to draft an agreement for the next meeting 
outlining the program deliverables. 
 
Member Comments/Announcements 
None. 
 
Calendar 
2. 
The next regular meeting will be held on Tuesday, December 12, 2023, at 7:30 a.m. 
 
Informational Items 
None. 
 
Adjourn 
 
The meeting was adjourned at 8:34 a.m. 
 
___________________________ 
Shannon Wilson, President