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RESOLUTION NO. _____________ A RESOLUTION OF THE COUNCIL OF THE CITY OF MESA, MARICOPA COUNTY, ARIZONA, ADOPTING A NOTICE OF INTENT TO ENTER INTO A “RETAIL DEVELOPMENT TAX INCENTIVE AGREEMENT” PURSUANT TO A.R.S. § 9-500.11 (VERSION 2) RELATED TO THE DEVELOPMENT OF CERTAIN IMPROVEMENTS CONSTRUCTED FOR A PROJECT KNOWN AS “THE CRAFTSMAN” ON APPROXIMATELY 19.25 +/- ACRES GENERALLY LOCATED AT THE NORTHWEST CORNER OF S. HAWES ROAD AND E. ELLIOTT ROAD. WHEREAS, Arizona Revised Statutes (“A.R.S.”) § 9-500.05 authorizes the City to enter into a development agreement relating to property in the municipality and to property located outside the incorporated area of the municipality. WHEREAS, A.R.S. § 9-500.11 (Version 2) entitled “Expenditures for economic development; requirements; definitions” (“A.R.S. § 9-500.11”), allows the governing body of a city or town to appropriate and spend public monies for and in connection with economic development activities; provided, if the city or town desires to enter into a “retail development tax incentive agreement” (as defined in the statute), the city or town is required, pursuant to A.R.S. § 9-500.11(K), to “adopt a notice of intent to enter into a retail development tax incentive agreement at least fourteen days before approving a retail development tax incentive agreement.” WHEREAS, the City Council intends to consider the approval of a development agreement that meets the definition of a “retail development tax incentive agreement” (“Development Agreement”) for certain public improvements to be made in conjunction with the development of a project commonly referred to as “The Craftsman” generally located at the northwest corner of S. Hawes Road and E. Elliott Road (“Project”). WHEREAS, the real property pertaining to the Project is located on 19.25 +/- acres of real property in the jurisdictional limits of Mesa, AZ the location of which is generally depicted in the attached Exhibit A. WHEREAS, as the Development Agreement meets the definition of a “retail development tax incentive agreement” under A.R.S. § 9-500.11(M)(6), the approval of this Resolution is to satisfy the notice requirements of A.R.S. § 9-500.11(K). NOW THEREFORE BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF MESA, MARICOPA COUNTY, ARIZONA, AS FOLLOWS: Section 1: That, pursuant to A.R.S. § 9-500.11(K), notice is hereby given of the City of Mesa’s intent to consider approval to enter into the Development Agreement, a “retail development tax incentive agreement” under A.R.S. § 9-500.11, for certain improvements related to the development of the Project. The City Council meeting at which the Development Agreement will be considered will be held on November 16, 2026 at 5:45 PM at the City Hall Council Chambers located at 20 E. Main Street, Mesa, Arizona, or at a subsequent City Council meeting. Page 1 of 3 PASSED AND ADOPTED by the Council of the City of Mesa, Maricopa County, Arizona this 26th day of October, 2026. APPROVED: ___________________________ Mayor ATTEST: _________________________ City Clerk Page 2 of 3 Page 3 of 3