Business View Magazine | August 2020

187 BUSINESS VIEW MAGAZINE AUGUST 2020 MAR I COPA , AR I ZONA each step of the process from planning, to engineering, to building, to completion. So, projects can be streamlined to meet applicants’ aggressive schedules. That customer service expectation the city created itself has contributed to Maricopa’s business and builder friendly reputation. In the midst of the Covid-19 chaos, Maricopa officials made presentations to the three bond rating organizations – Fitch, Moody’s, and S&P – to refinance one of the city’s bonds. Steele admits, “They warned us that due to Covid-19 and the overall shape of the economy, it would be rare for a bond rating to go up for any city, and most likely they would be decreased. Well, the City of Maricopa had a good story and bucked the trend; not only receiving a higher rating from all of them, but Fitch gave us the highest possible rating of AAA. As a result, the bonds were resold and received over $19 million in orders and much higher than expected net present value savings. The Mayor and the City www.scd-llc.com Shea Connelly Development is an Arizona based development company with a national capacity. We are a senior housing and multifamily oriented organization with the capabilities to address commercial and residential projects as well. We are excited and proud to partner with the City of Maricopa in developing “The Copper Sky Commercial District” 2055 South Cottonwood Drive Tempe,AZ 85282 (480)315-9090 Multi-Family Senior Housing Courtesy of Victor Moreno