RESOLUTION - AMENDMENT TO DEVELOPMENT AGREEMENT BROADSTONE TEMPE STATION 01 22 26.DOCX

RESOLUTION NO. R2026.11
A RESOLUTION OF THE MAYOR AND CITY COUNCIL 
OF THE CITY OF TEMPE, ARIZONA, AUTHORIZING THE 
MAYOR TO EXECUTE THE FIRST AMENDMENT TO THE 
AGREEMENT BETWEEN TEMPE STATION OWNER, 
LLC, AND THE CITY OF TEMPE. 
WHEREAS,
City and Tempe Station Owner, LLC (“Tempe Station), a Delaware limited 
liability company (“Tempe Station”), as successor in interest to Tempe I Holdings Limited 
Partnership, a Texas limited partnership (“Tempe Holdings”) are parties to that certain Agreement, 
dated as of December 16, 1999, and recorded December 22, 1999 as Document No. 99-1141076 
in the Official Records of Maricopa County (the “Official Records”) (the “Agreement”), entered 
into by and between the City and Tempe Holdings; and,  
WHEREAS,
Pursuant to Development Services Case No. GEP-98.3 l/ZON-98.18 and 
SIP-98.84 (the “Development Services Conditions of Approval”) a 25-foot-wide Multi-Use-Path 
Easement (the “Path Easement”) was dedicated to the City upon real property (the “Property”) 
known as Broadstone Tempe Station (previously known as Alexan Tempe Apartments) as 
indicated on the Final Plat of the Alexan Tempe Apartments, (as recorded in Book 537, Page 18 
of the Official Records) and now owned by Tempe Station, which Path Easement extends along 
the east and south boundary of the Property; and,
WHEREAS,
City and Tempe Station now desire to amend the Agreement with respect 
to certain maintenance and cost-sharing for Future Property Improvements.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY 
OF TEMPE, ARIZONA, as follows:
Section 1: That the Mayor is authorized to execute the First Amendment to the 
Development Agreement (C99-291) 
Section 2:  The City Manager or designee is authorized to execute such further documents 
and take such further actions as are necessary to carry out the purposes of this Resolution.

Resolution No. R2026.11
2
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF TEMPE, 
ARIZONA, this 22nd day of January 2026.
Corey D. Woods, Mayor
ATTEST:
Kara DeArrastia, City Clerk
APPROVED AS TO FORM:
Eric C. Anderson, City Attorney