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Tuesday, August 14, 2018

Industrial Development Authority

The Industrial Development Authority of the County of Yavapai (“Authority”) was incorporated in 1977 to provide bond financing for community and economic development for qualifying “Projects”.  In general, these Projects allow businesses to finance loans for the acquisition, construction, improvement or equipping of properties as authorized by the Arizona Revised Statutes.

Since its inception, the Authority has issued more than one billion dollars in bond financing.  For more information on the type of Projects for which bonds can be issued, please refer to A.R.S. § 35-701 and/or feel free to contract the Authority’s legal counsel.

Who is eligible to apply?

Any for profit or nonprofit organization seeking bond financing for a qualifying “Project” may submit an Application.

How long does the process take?

On average, the process generally takes between three and four months. However, the time can vary based on particular circumstances in each situation.

What is the process?

The bond process begins when an entity submits an Application (with 10 copies) and the filing fee to the Authority. The Authority’s legal counsel then reviews the Application and arranges meetings for the Authority to consider and process the bond request. The Authority normally meets on the second Wednesday of each month. It usually takes at least two meetings with the Authority before a final decision on the issuance of bonds is made. Please see the Application for further details.

Contact the YCIDA

Donald C. Zavala, Jr., Legal Counsel

Boyle, Pecharich, Cline, Whittington & Stallings, P.L.L.C.
125 North Granite Street
Prescott, Arizona 86301
(928) 445-9637
dzavala@bpcws.com 

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