Industrial Development Authority (IDA)Description:The Industrial Development Authority of the City of Tucson, Arizona (the "IDA"), is a non-profit corporation, designated in accordance with Arizona law as a Political Subdivision, to provide lower cost financing for qualified Projects through the issuance of revenue bonds ("Bonds"). The IDA's Bonds are exempt from Arizona income taxation. Similarly, the Bonds can be tax-exempt from federal taxation, provided that they are issued in compliance with the Internal Revenue Code of 1986, as amended (the "Code").
The IDA provides financing of Community Development projects whenever appropriate and where traditional sources of funding may not be available. Committed to improving the standard of living of the residents of Tucson, the IDA also assists first time single family home buyers through it's Mortgage Revenue Bond and Mortgage Credit Certificate Programs.
Maximum Number of Members: 9
Meeting Location: Ward 6 Council Office; East meeting room, 3202 E. First St
Meeting Time: 2010: 2nd Thursday of each month at 3:00 p.m.
Membership Requirements:Nine directors, "elected" by resolution of the Mayor and Council pursuant to A.R.S. § 35-705.
Pursuant to A.R.S. § 35-705, all members of the Board of Directors shall be duly qualified City electors, and may not be officers or employees of the City. All directors shall declare any conflict of interest as provided in Title 38, Chapter 3, Article VIII of the Arizona Revised Statutes (A.R.S. § 35-705 et seq.).
Exempt from 8-year term limit
Members:| Member | Role | Appointor | Classification |
| Ms. Maggie Amado-Tellez | Treasurer | Mayor and Council | |
| Mr. Gerald Anderson | Member | Mayor and Council | |
| Mr. Gary Bachman | Secretary | Mayor and Council | |
| Mr. Christopher Carroll | Vice President | Mayor and Council | |
| Ms. Evelia Martinez | Member | Mayor and Council | |
| Ms. Emily Nottingham | Member | Mayor and Council | |
| Ms. Marilyn Robinson | President | Mayor and Council | |
| Mr. Adam Weinstein | Member | Mayor and Council | |
For further information please contact the City Clerk's Office at (520) 791-3221.Datapages for the boards are provided in Adobe PDF format. You'll need the free Acrobat Reader to view the documents.
