TABLE OF CONTENTS

TABLE OF CONTENTS

FOR CITY COUNCIL PACKET

SEPTEMBER 15, 2009

 

The September 22, 2009 Work Study Meeting has been cancelled.

 

The September 23, 2009 Formal Meeting has been cancelled.

 

 

BACKUP INFORMATION FOR THE WEDNESDAY, SEPTEMBER 16, 2009 FORMAL AGENDA

 

Boards

Citywide

Page 1

 

Boards and Commissions

Item 33

Citywide

Page 40

Recovery Zone Facility Bond Program (RZFB Program)

 

 

Packet Date:  September 11, 2009


 

CITY COUNCIL REPORT

FORMAL AGENDA

TO:

Council Members

AGENDA DATE:

  September 16, 2009

FROM:

Phil Gordon

Mayor

 

 

PAGE:

1

SUBJECT:

BOARDS AND COMMISSIONS

 

 

 

DESERT VIEW VILLAGE PLANNING COMMITTEE

I nominate the following new appointee:

 

Reginald Younger, Jr.

Mr. Younger serves as Assistant Director of Admissions for the Art Institute of Phoenix, resides in District 2 and is recommended by Councilwoman Peggy Neely.  He replaces Terri Gillies, whose term expired, and will serve a partial term to expire November 19, 2010.

 

 

HUMAN SERVICES COMMISSION

I nominate the following new appointees:

 

Lorinda Brown

Ms. Brown serves as Assistant Superintendent for the Murphy Elementary School District, resides in District 3 and will represent the field of Education.  She replaces John Underwood, who resigned, and will serve a partial term to expire June 30, 2010.

 

Brande Mead

Ms. Mead serves as Human Services Planner III for the Maricopa Association of Governments, resides in District 2 and will represent the field of Public Agency.  She replaces Amy St. Peter, who resigned, and will serve a partial term to expire June 30, 2010.

 

Pastor James Preston

Pastor Preston serves as Senior Pastor for Bethesda Community Baptist Church, located in District 8, and is recommended by Councilman Michael Johnson.  He replaces Angela Banks, who resigned, and will serve his first term to expire December 31, 2013.

 

 

LICENSE APPEALS BOARD

I nominate the following new appointee:

 

Keeley Smith

Ms. Smith is a Partner with the law office of Quarles & Brady, LLP.  She replaces Boyd Heckel, whose term expired, and will serve her first term to expire June 30, 2013.

 

 

MAYOR’S COMMISSION ON DISABILITY ISSUES

I nominate the following new appointees:

 

Ashley Bridwell

Ms. Bridwell is a social worker for Outpatient Therapy Services with St. Joseph’s Hospital and Medical Center.  She replaces Marvin Rochelle, whose term expired, and will serve her first term to expire June 2, 2012.

 

Amy Cotton

Ms. Cotton is an attorney with the law office of Quarles & Brady, LLP.  She replaces Leciah Laughton, whose term expired, and will serve her first term to expire June 2, 2012.

 

Sheryl Keeme

Ms. Keeme serves as President for the National Multiple Sclerosis Society, Arizona Chapter.  She replaces Patricia Moore, whose term expired, and will serve her first term to expire June 2, 2012.

 

Jenny Nordine

Ms. Nordine is a Certified Driving Rehabilitation Specialist with Driving To Independence.  She replaces Fredrick Brown, who resigned, and will serve her first term to expire June 2, 2012.

 

 

PARADISE VALLEY VILLAGE PLANNING COMMITTEE

I nominate the following new appointee:

 

Amanda Ann Reeve

Ms. Reeve is a paralegal for the law office of Bryan Cave, LLP, resides in District 3 and is recommended by Councilman Bill Gates.  She replaces Wade Turner, who resigned, and will serve a partial term to expire November 19, 2010.

 

 

PHOENIX WOMEN’S COMMISSION

I nominate Andrea Moreno to serve as Chair of this commission for a term to expire June 30, 2010.

 

I nominate the following new appointee:

 

Cathy Knapp

Ms. Knapp is an attorney with the law office of Quarles & Brady LLP and resides in District 3.  She replaces Theressa Jackson, who resigned, and will serve a partial term to expire June 30, 2010.

 

I nominate the following reappointments:

 

Jasmine Cortez

Ms. Cortez is a Telesales Manager with Qwest Communications and works in District 4.  She completed her first term and will serve a second term to expire June 30, 2012.

 

Janet Haning

Ms. Haning is retired and resides in District 5.  She completed her first term and will serve a second term to expire June 30, 2012.

 

Katie Hobbs

Ms. Hobbs is a social worker at the Sojourner Center and resides in District 7.  She completed a partial term and will serve her first term to expire June 30, 2012.

 

Valerie Todorovich

Ms. Todorovich is an attorney with the law offices of Gust Rosenfeld, PLC, and resides in District 8.  She completed her first term and will serve a second term to expire June 30, 2012.

 

 

PHOENIX WORKFORCE CONNECTION BOARD

I nominate the following reappointments:

 

Julie Armstrong

Ms. Armstrong serves as Community Relations Manager for Jobing.com and represents the field of Business Telecommunications.  She completed her first term and will serve a second term to expire August 31, 2012.

 

Michael Fisher

Mr. Fisher serves as Senior Manager for Property Management for Metrocenter Mall and represents the field of Business Retail.  He completed a partial term and will serve his first term to expire August 31, 2012.

 

Jesus Love

Mr. Love serves as Vice President and Branch Manager for US Bank and represents the field of Business Financial Industry.  He completed a partial term and will serve his first term to expire August 31, 2012.

 

Diana Pike

Ms. Pike serves as Human Resources Director with KSAZ Fox 10 and represents the field of Businesses.  She completed her first term and will serve a second term to expire August 31, 2012.


 

CITY COUNCIL REPORT

FORMAL AGENDA

TO:

David Krietor

Deputy City Manager

AGENDA DATE:

September 16, 2009

FROM:

Donald L. Maxwell

Community and Economic Development Director

ITEM:

 33

PAGE:

 40

SUBJECT:

RECOVERY ZONE FACILITY BOND PROGRAM (RZFB PROGRAM)

 

 

This report provides reference information relating to the design and implementation of the Recovery Zone Facility Bond Program.  The American Recovery and Reinvestment Act (ARRA) designated $15 billion for Recovery Zone Facility Bonds projects throughout the United States.  The City of Phoenix was allocated $32,019,000 million.  The program provides an economical means to finance private projects that are located within a Recovery Zone.  A Recovery Zone consists of any area delineated by a city or county that has significant poverty, unemployment, increased rate of home foreclosures or general distress.  

 

THE ISSUE

 

Recovery Facility Zone Bonds (RZFB) are designed to provide capital to permit companies to finance private sector projects. The authorization to issue the bonds will expire on December 31, 2010.  On July 1, 2009, the City Council designated the entire city of Phoenix a Recovery Zone.  On July 2, 2009, the Phoenix Industrial Development Authority (IDA) also declared the entire city of Phoenix a Recovery Zone.  This authorization will enable the Community and Economic Development Department (CEDD) to refer specific projects/borrowers to the Council and begin creating new jobs and investment in Phoenix.

 

The Recovery Facility Bond Program will be structured to facilitate the financing of projects that are financially viable, generate revenue, create/retain quality jobs, and have an established development schedule (shovel ready).  Emphasis will be placed on research and development, manufacturing and producer services companies, new revenue and redevelopment/revitalization.  Ideally, projects under consideration will fall within the current clusters:  Bioindustry Advanced Business Services, Aerospace and Aviation, Emerging Technology and Sustainability.  Once a project is approved by the Council, it will be referred to the IDA who will be responsible for issuing the bonds.

 

The RZFB program will not involve credit or financial backing by the City.  Borrowers will seek their own credit.   The City will seek high quality projects with creditworthy borrowers that can be implemented in an expeditious manner.

 


 

ADDITIONAL INFORMATION

 

Proposed RZFB Program Approval Timeline:

 

·        September 16, 2009            Program Criteria

City Council /CEDD Recommendations

·        September 30, 2009            Projects Reviewed and Recommended by CEDD

City Council Designates Phoenix IDA to issue Bonds

·         October 13, 2009                 Phoenix IDA regular meeting (possible to meet

In special session)

 

RECOMMENDATION

 

This report is for information only.  No Council action is requested.

 

Last Modified on 09/11/2009 11:10:28