Attachment A - Resolution Hacienda at Sunnyslope Apartments.pdf

1 
Resolution No. 
The Hacienda at Sunnyslope Apartments Project 
4924-3633-7020, v. 4 
4924-3633-7020.4 
ATTACHMENT A 
THIS IS A DRAFT COPY ONLY AND IS NOT THE OFFICIAL COPY 
OF THE FINAL, ADOPTED RESOLUTION 
RESOLUTION 
A RESOLUTION GRANTING FINAL APPROVAL OF THE 
ISSUANCE OF A MULTIFAMILY REVENUE NOTE (THE 
HACIENDA AT SUNNYSLOPE APARTMENTS PROJECT), 
SERIES 2025, IN AN AGGREGATE PRINCIPAL AMOUNT  
NOT TO EXCEED $12,000,000, IN ONE OR MORE TAX-
EXEMPT 
AND/OR 
TAXABLE 
SERIES, 
OF 
THE 
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY 
OF PHOENIX, ARIZONA
WHEREAS, The Industrial Development Authority of the City of Phoenix, 
Arizona (the “Authority”), is a nonprofit corporation designated a political subdivision of 
the State of Arizona (the “State”) incorporated with the approval of the City of Phoenix, 
Arizona (the “City”); and 
WHEREAS, Title 35, Chapter 5, of the Arizona Revised Statutes, Section 
35-701 et seq., as amended (the “Act”), authorizes the Authority to issue revenue bonds
for the purposes set forth in the Act, including the making of secured and unsecured loans 
to finance or refinance the development, acquisition, construction, improvement, 
equipping or operation of a “project” (as defined in the Act) whenever the Board of 
Directors of the Authority finds such loans to further advance the interests of the 
Authority or the public interest, and to refund outstanding obligations incurred by an 
enterprise to finance the costs of a “project” when the Board of Directors of the Authority 
finds that the refinancing is in the public interest; and

2 
Resolution No.  
 
The Hacienda at Sunnyslope Apartments Project 
4924-3633-7020, v. 4 
4924-3633-7020.4 
 
 
WHEREAS, ARH-AZ Partners, LLC, an Arizona limited liability company (together 
with its successors, assignees, and designees, the “Borrower”), has requested that the 
Authority issue its Multifamily Revenue Note (The Hacienda at Sunnyslope Apartments 
Project), Series 2025 in one or more tax-exempt and/or taxable series (the “Note”), the 
proceeds of which Note will be used by the Borrower to finance and/or refinance, as 
applicable, all or a portion of the costs of: (a) the acquisition, rehabilitation, construction, 
development, improvement, equipping and/or operating of a qualified residential rental 
facility (including improvements and facilities functionally related and subordinate 
thereto), which is expected to be comprised of approximately 150 units, all or a portion of 
which will be set aside for occupancy by low- to moderate-income tenants, situated on 
approximately 5.00 acres of real property generally located at 730 West Vogel Avenue, 
Phoenix, Arizona 85021 (collectively, the “Facility”); (b) funding any required reserve 
funds; (c) paying capitalized interest on the Note, if any; and (d) paying fees, expenses 
and costs incurred in connection with the authorization, issuance and sale of the Note 
(collectively, the “Project”), all in accordance with the Act; and 
WHEREAS, in furtherance of the purposes of the Act and in the interest of the 
Authority and the public thereunder, the Authority proposes to issue the Note and loan the 
proceeds thereof to the Borrower to finance all or a portion of the costs of the Project; and 
WHEREAS, the Authority, by Resolution 2025-23, duly adopted by the Board of 
Directors of the Authority at a lawful meeting called and held on December 5, 2025 
granted approval of the issuance and assignment of the Note in an aggregate principal 
amount not to exceed $12,000,000; and

3 
Resolution No.  
 
The Hacienda at Sunnyslope Apartments Project 
4924-3633-7020, v. 4 
4924-3633-7020.4 
 
 
WHEREAS, Section 35-721(B) of the Act provides that the proceedings of the 
Authority under which the Note are to be issued require the approval of the Council of the 
City; and 
WHEREAS, Section 147(f) of the Code requires that an “applicable elected 
representative” (as that term is defined in the Code) approve the issuance of the Note 
and the plan of finance for the Project following a public hearing, which public hearing 
was held by the Authority on December 12, 2025; and 
WHEREAS, information regarding the Project to be financed with the proceeds of 
the Note has been presented to the Council of the City; and 
WHEREAS, it is intended that this Resolution shall constitute approval by the 
Council of the City pursuant to Section 35-721(B) of the Act and of the “applicable elected 
representative” as defined in Section 147(f) of the Code with respect to the Note. 
NOW, THEREFORE, BE IT RESOLVED BY THE COUNCIL OF THE CITY OF 
 
PHOENIX, ARIZONA as follows: 
 
SECTION 1. The proceedings of the Authority under which the Note are to be 
issued are hereby approved. 
SECTION 2. The issuance of the Note and the plan of finance for the Project are 
hereby approved for purposes of Section 147(f) of the Code. 
SECTION 3. Notice of Arizona Revised Statutes Section 38-511 is hereby given. 
The provisions of that statute are by this reference incorporated herein to the extent of

4 
Resolution No.  
 
The Hacienda at Sunnyslope Apartments Project 
4924-3633-7020, v. 4 
4924-3633-7020.4 
 
 
their applicability to matters contained herein.

5 
Resolution No. 
The Hacienda at Sunnyslope Apartments Project 
4924-3633-7020, v. 4 
4924-3633-7020.4 
PASSED BY THE COUNCIL OF THE CITY OF PHOENIX, ARIZONA this 
 day 
of December, 2025. 
MAYOR 
ATTEST: 
Denise Archibald, City Clerk 
APPROVED AS TO FORM: 
Julie M. Kriegh, City Attorney 
By: 
Chief Counsel David H. Benton 
REVIEWED BY: 
Ed Zuercher, City Manager