HomeMy WebLinkAboutCouncil Study Session Agenda Packet 02/17/2004 s
TOWN OF MARANA, ARIZONA
STUDY SESSION AGENDA
13251 N. Lon Adams Road
February 17, 2004 - 5:00 p.m.
Mayor Bobby Sutton, Jr. 0_5
Vice Mayor Herb Kai
Council Member Jim Blake
Council Member Patti Comerford
Council Member Tim Escobedo
Council Member Ed Honea�
Council Member Carol McGorray
Town Manager Mike Reuwsaat
Welcome to this Marana Study Session. This agenda may be revised up to twenty -four
hours prior to the meeting. In such a case a new agenda will be posted in place of this agenda.
If you are interested in speaking to the Council during the Study Session, you must fill out a
speaker card (at the rear of the Council Chambers) and deliver it to the Clerk prior to the
commencement of the meeting. It is up to the Mayor and Council whether individuals will be
allowed to address the Council. All persons attending the Council Meeting, whether speaking to the
Council or not, are expected to observe the Council Rules, as well as the rules of politeness,
propriety, decorum and good conduct. Any person interfering with the meeting in any way, or
acting rudely or loudly will be removed from the meeting and will not be allowed to return.
To better serve the citizens of Marana and others attending our meetings, the Council
Chamber is wheelchair and handicapped accessible. Any person who, by reason of any disability, is
in need of special services as a result of their disability, such as assistive listening devices, agenda
materials printed in Braille or large print, a signer for the hearing impaired, etc., will be
accommodated. Such special services are available upon prior request, at least ten (10) working
days prior to the Council Meeting.
For a copy of this agenda or questions about the Study Session, special services, or
procedures, please contact Jocelyn C. Bronson, Town Clerk, at 682 -3401, Monday through Friday
from 8:00 a.m. to 5:00 p.m.
ACTION MAY BE TAKEN BY THE COUNCIL ON ANY ITEM LISTED ON THIS AGENDA.
Amended agenda items appear in italics.
Posted no later than February 13, 2004 by 5:00 o'clock p.m., at the Marana Town Hall, Marana
Police Department, and the Marana Development Services Center.
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1
TOWN OF MARANA, ARIZONA
STUDY SESSION AGENDA
13251 N. Lon Adams Road
February 17, 2004 - 5:00 p.m.
L CALL TO ORDER
II. GENERAL ORDER OF BUSINESS
1. Study Session : Discussion of the Town's Formation of an Industrial Development
Authority (IDA), IDA Non - Profit, and Community Housing Development
Organization (CHDO) (Dick Gear)
III. ADJOURNMENT
Bobby Sutton, Jr., Mayor
C EfoDo
2
I
MARANA TOWN COLVVCIL MEETING
e-ti- Public Attendees
DATE: ' .
Name Address
TOWN COUNCIL TOWN
MEETING OF
INFORMATION MARANA
DATE: Februa a 17, 2004
AGENDA ITEM: 111. 1
TO: Mayor and Council
FROM: Dick Gear, Community and Economic Development Director
SUBJECT: Study Session Discussion of the Town's Formation of an Industrial Development
Authority (IDA), IDA Non -Profit and Community Housing Development
Organization (CHDO)
DISCUSSION:
For some time Town staff has been investigating the benefits of forming three entities
to assist with economic development, setting up a community loan program, and
establishing greater links for funding of its affordable housing program. The three
entities are an Industrial Development Authority (IDA), and IDA non - profit, and a
Community Housing Development Organization (CHDO).
The IDA is a statutorily authorized political subdivision of the State of Arizona with the
purpose of promoting industry and affordable housing through the issuing of IDA
bonds.
The IDA non -profit ( Marana Resource Corporation) acts as an extension of the IDA
and is formed to lessen the burdens of the IDA and the Town of Marana.
The CHDO is a non -profit organization focused on providing more opportunities to
low- and moderate - income families desiring housing. The CHDO can apply directly
for HOME funds from HUD, and will be outside of the operational control of the Town
of Marana.
Anne Morales, an attorney with Rusing & Lopez, P.L.L.C., has assisted several
communities in establishing IDA's and n on -profit organizations and will present the
three concepts to council along with the rationalization of why their formation will be
beneficial to the Town of Marana.
RECOMMENDATION:
No Council action, discussion only.
SUGGESTED MOTION:
Council's pleasure.
ADMIN /SRG/02/09/2004
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