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Council approves IDA refunding bonds for Friendship Village of Tempe while mayor and councilmember recuse
Summary
Tempe City Council voted to authorize Industrial Development Authority refunding bonds for Friendship Village of Tempe; Mayor Corey Woods and Councilmember Amber Amberg recused from the vote because of stated affiliations and returned the meeting to the mayor after the vote.
The Tempe City Council adopted a resolution authorizing the issuance of Industrial Development Authority refunding bonds in an aggregate principal amount not to exceed $125 million for the benefit of Tempe Life Care Village, doing business as Friendship Village of Tempe, an Arizona nonprofit corporation.
Mayor Corey Woods recused himself from the discussion and vote, and Councilmember Amber…
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