Application Guidelines

As a matter of policy, the Phoenix IDA will review bond financing applications based on the following: 

1. Public Purpose - The applicant must satisfactorily demonstrate to the Phoenix IDA the public purpose and benefit of the project.
2. Business Organization - The applicant must provide a brief description of its business.
3. Project - The applicant must provide a detailed description of the project.
4. Financing Structure - The applicant must provide a description of the proposed financing structure.
5. Marketing Opportunities - The applicant must agree to facilitate coordination of marketing opportunities with the Phoenix IDA following the issuance of the bonds for the project.
6. Trustee Appointment - The applicant must appoint a trustee acceptable to the Phoenix IDA to fulfill certain duties set forth in the legal proceedings, including record-keeping and reporting. The trustee must be qualified to do business in the State of Arizona.