The Board of Supervisors (the “Board”) of Pinal County, Arizona (the “County”), will hold a public hearing on June 16, 2010, at 9:30 a.m. in the Board’s meeting room at Building A, 31 North Pinal Street, Florence, Arizona, regarding a purchase agreement (the “Agreement”) to be secured by a pledge of amounts of certain general excise taxes which the County now or hereafter imposes, except for any taxes hereafter imposed for an inconsistent purpose, and excise taxes and transaction privilege (sales) taxes imposed and collected by the State of Arizona, or any agency thereof, and returned, allocated or apportioned to the County, except the County’s share of any such taxes which by State law, rule or regulation must be expended for other purposes, to (A) finance the costs of (1) medical service facilities described as follows: Public Health Clinics in San Tan Valley and Maricopa and (2) administrative facilities described as follows: Offices for Human Resources (collectively, the “New Projects”) and (B) refinance (for saving purposes) a portion of the costs of the Superior Court Judicial Facility and the Sheriff’s Administration Facility. The Agreement is estimated to be in the principal amount of not to exceed $33,500,000 and, with total estimated interest of $15,871,760, to have a total financing cost of $49,371,760.
The Board will receive oral comments at the hearing and will receive written comments at any time before adopting the resolution of intention with respect to the Agreement which will be considered no earlier than July 7, 2010 (the “Resolution”).
The Board’s mailing address is:
Pinal County Board of Supervisors,
c/o Sheri Cluff, Clerk of the Board
PO Box 827,
Florence, Arizona 85132.
Sheri Cluff, Clerk, Board of Supervisors
Please Click Here to e-mail any comment at any time before adoption of the Resolution.