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A. (Recess as the Gila County Board of Supervisors and convene as the Gila County Board of Deposit.) Information/Discussion/Action to adopt Resolution No.-07-04, which authorizes the Chairman's signature on the following documents between Gila County and JPMorgan Chase Bank, N.A., to provide for revolving lines of credit for Gila County special taxing districts, as follows: Business Loan Agreement - Gila County Revolving Line of Credit; Gila County Revolving Line of Credit - Promissory Note; and Incumbency Certificate - Business Loan Agreement - Gila County Districts Revolving Line of Credit, to extend the Scheduled Commitment Expiration Date in the Agreement from July24 to June,25. (Adjourn as the Gila County Board of Deposit and reconvene as the Gila County Board of Supervisors.) (Monica Wohlforth)   CALL TO THE PUBLIC: A call to the public is held for public benefit to allow individuals to address the Board of Supervisors on any issue within the jurisdiction of the Board of Supervisors. Board members may not discuss items that are not specifically identified on the agenda. Therefore, pursuant to A.R.S. §-431.01(H), at the conclusion of an open call to the public, individual members of the Board of Supervisors may respond to criticism made by those who have addressed the Board, may ask staff to review a matter or may ask that a matter be put on a future agenda for further discussion and decision at a future date. IF SPECIAL ACCOMMODATIONS ARE NEEDED, PLEASE CONTACT THE RECEPTIONIST AT (928)5-3231 AS EARLY AS POSSIBLE TO ARRANGE THE ACCOMMODATIONS. FOR TTY, PLEASE DIAL1-1 TO REACH THE ARIZONA RELAY SERVICE AND ASK THE OPERATOR TO CONNECT YOU TO (928)5-3231. THE BOARD MAY VOTE TO HOLD AN EXECUTIVE SESSION FOR THE PURPOSE OF OBTAINING LEGAL ADVICE FROM THE BOARD’S ATTORNEY ON ANY MATTER LISTED ON THE AGENDA PURSUANT TO A.R.S. §38-431.03(A)(3). THE ORDER OR DELETION OF ANY ITEM ON THIS AGENDA IS SUBJECT TO MODIFICATION AT THE MEETING.
Go move, Mr. Chair. I'll second that OK movement in a second to do that. All those in favor say aye aye vote is unanimous. 00:00:03
Information discussion. Action to adopt resolution #2407-04. 00:00:15
Which authorizes the chairman's signature on the following documents between Healer County and JP Morgan Chase Bank North America 00:00:22
to provide for revolving lines of credit for Healer county special taxing district as follows. Business loan agreement dash Gila 00:00:30
County revolving line of credit. Gila county revolving line of credit dash promissory note and incumbency certificate. Business 00:00:38
loan agreement dash Gila County district revolving line of credit. 00:00:46
To extend the scheduled commitment expiration date in the agreement from July 1, 2024 to June 30, 2025. And Monica, are you the 00:00:54
one presenting? 00:01:02
I can't. Oh, Marion's going to present. I'm here for backup. OK. Good morning. Good morning, Mr. Chairman. Good morning, 00:01:11
Supervisor Humphrey. Good morning, Supervisor Klein. This agreement is in addition to the agreement that we signed in October with 00:01:18
JP Morgan Chase Bank as the primary banking services contract for Gila County. This agreement allows the entities named in the 00:01:26
promissory note. 00:01:34
To have lines of credit with the Healer County Treasurer's Office through JP Morgan Chase to ensure continuity of funding 00:01:42
throughout the year in spite of property taxes coming in twice a year. And the amounts are capped at $5,000,000 per entity and the 00:01:51
amounts are as listed in the attached promissory note for those entities. 00:01:59
OK. Thank you, Marin. Supervisor hunt for any questions. I have no questions. 00:02:14
Thank you, Supervisor Klein. I'm good, Mr. Chair. OK. And I have no questions. So with that, I'll call for a motion. 00:02:19
Mr. I make a motion to adopt resolution #24-07-04, which authorizes German signature on the following documents between Healer 00:02:28
County and JP Morgan Chase Bank North America to provide for revolving lines of credit for Healing County, special taxing 00:02:36
districts for all business loan agreements. Hilah County revolving line of credit. HeLa County revolving line of credit promissory 00:02:44
notes and incumbencies. 00:02:52
Of certificates, business loan agreements, healing county districts, revolving line of credit to extend. 00:03:01
To schedule commitment expiring date in the agreement from July 1, 2024 to June 30, 2025. 00:03:11
And I will second that, Mr. Chairman, before we have our on that, can we pause for a moment? There was a swap out of the document 00:03:22
if Marin or Monica could just quickly for the record, explain what the modification was, because the one that was published was a 00:03:30
different document. Thank you. I can explain that the the item that was swapped out or amended was a extended line of credit to 00:03:37
Young School district #5. 00:03:45
They did not qualify for the line of credit, so they are excluded from that until further notice. 00:03:53
OK. Thank you. 00:04:03
There's just other clerical modifications, Nothing, nothing to worry about, but we just wanted to put that on the record. Thank 00:04:11
you, Chairman. 00:04:16
Thank you. 00:04:21
Do we need an amended motion to include those comments? 00:04:23
No, chairman. 00:04:32
OK, so we have a motion and a second to approve Item 2A. All those in favor say aye aye. 00:04:34
I motion passes unanimously. I now will call for a motion to adjourn as the Healer County Board of Deposit and reconvene as the 00:04:41
Healer County Board of Supervisors. Don't move, Mr. Chair. 00:04:47
I'll second that. OK, moving the 2nd to do that. All those in favor say aye. 00:04:54
Aye, aye. Thank you. There's no one item three, call to the public. There's no one here in Payson. Is there anyone in Globe? 00:05:00
No, Mr. Chairman. OK, Cassandra, are we OK? We're OK. 00:05:09
OK. If there's no other further business, then I will adjourn this meeting. 00:05:15
Thank you. 00:05:20
Thank you. 00:05:21
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Go move, Mr. Chair. I'll second that OK movement in a second to do that. All those in favor say aye aye vote is unanimous. 00:00:03
Information discussion. Action to adopt resolution #2407-04. 00:00:15
Which authorizes the chairman's signature on the following documents between Healer County and JP Morgan Chase Bank North America 00:00:22
to provide for revolving lines of credit for Healer county special taxing district as follows. Business loan agreement dash Gila 00:00:30
County revolving line of credit. Gila county revolving line of credit dash promissory note and incumbency certificate. Business 00:00:38
loan agreement dash Gila County district revolving line of credit. 00:00:46
To extend the scheduled commitment expiration date in the agreement from July 1, 2024 to June 30, 2025. And Monica, are you the 00:00:54
one presenting? 00:01:02
I can't. Oh, Marion's going to present. I'm here for backup. OK. Good morning. Good morning, Mr. Chairman. Good morning, 00:01:11
Supervisor Humphrey. Good morning, Supervisor Klein. This agreement is in addition to the agreement that we signed in October with 00:01:18
JP Morgan Chase Bank as the primary banking services contract for Gila County. This agreement allows the entities named in the 00:01:26
promissory note. 00:01:34
To have lines of credit with the Healer County Treasurer's Office through JP Morgan Chase to ensure continuity of funding 00:01:42
throughout the year in spite of property taxes coming in twice a year. And the amounts are capped at $5,000,000 per entity and the 00:01:51
amounts are as listed in the attached promissory note for those entities. 00:01:59
OK. Thank you, Marin. Supervisor hunt for any questions. I have no questions. 00:02:14
Thank you, Supervisor Klein. I'm good, Mr. Chair. OK. And I have no questions. So with that, I'll call for a motion. 00:02:19
Mr. I make a motion to adopt resolution #24-07-04, which authorizes German signature on the following documents between Healer 00:02:28
County and JP Morgan Chase Bank North America to provide for revolving lines of credit for Healing County, special taxing 00:02:36
districts for all business loan agreements. Hilah County revolving line of credit. HeLa County revolving line of credit promissory 00:02:44
notes and incumbencies. 00:02:52
Of certificates, business loan agreements, healing county districts, revolving line of credit to extend. 00:03:01
To schedule commitment expiring date in the agreement from July 1, 2024 to June 30, 2025. 00:03:11
And I will second that, Mr. Chairman, before we have our on that, can we pause for a moment? There was a swap out of the document 00:03:22
if Marin or Monica could just quickly for the record, explain what the modification was, because the one that was published was a 00:03:30
different document. Thank you. I can explain that the the item that was swapped out or amended was a extended line of credit to 00:03:37
Young School district #5. 00:03:45
They did not qualify for the line of credit, so they are excluded from that until further notice. 00:03:53
OK. Thank you. 00:04:03
There's just other clerical modifications, Nothing, nothing to worry about, but we just wanted to put that on the record. Thank 00:04:11
you, Chairman. 00:04:16
Thank you. 00:04:21
Do we need an amended motion to include those comments? 00:04:23
No, chairman. 00:04:32
OK, so we have a motion and a second to approve Item 2A. All those in favor say aye aye. 00:04:34
I motion passes unanimously. I now will call for a motion to adjourn as the Healer County Board of Deposit and reconvene as the 00:04:41
Healer County Board of Supervisors. Don't move, Mr. Chair. 00:04:47
I'll second that. OK, moving the 2nd to do that. All those in favor say aye. 00:04:54
Aye, aye. Thank you. There's no one item three, call to the public. There's no one here in Payson. Is there anyone in Globe? 00:05:00
No, Mr. Chairman. OK, Cassandra, are we OK? We're OK. 00:05:09
OK. If there's no other further business, then I will adjourn this meeting. 00:05:15
Thank you. 00:05:20
Thank you. 00:05:21
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