File #: 24-0884   
Type: Payment Ordinance Status: Adopted
Meeting Body: City Council Formal Meeting
On agenda: 6/26/2024 Final action: 6/26/2024
Title: State of Arizona, Office of the Auditor General

Title

State of Arizona, Office of the Auditor General

 

Description

For $75,000 in payment authority to reimburse the State of Arizona Auditor General for the annual Economic and Fiscal Impact Analysis of the Phoenix Convention Center (PCC). The study will be conducted by Hotel Valuations & Appraisals Convention Sports and Entertainment - Northstar (HVS-Northstar). The Auditor General contracts with HVS-Northstar on the annual study. The analysis is required under Arizona Revised Statutes 9-626 to measure the effects of direct, indirect and induced economic activity of the PCC expansion project and to meet obligations to qualify for the state's payment for its debt service. The payment is for work to be completed in 2024 and 2025.