Ordinance No. 4971

ORDINANCE NO. 4971   
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHANDLER, 
ARIZONA, 
ADOPTING 
THE 
PROVISIONS 
OF 
A 
PURCHASE 
AGREEMENT BETWEEN SPECHT  COMMERCIAL PROPERTIES, LLC, 
AND THE CITY OF CHANDLER FOR THE SALE OF CITY-OWNED 
REAL PROPERTY LOCATED AT 51 E. BOSTON STREET IN 
CHANDLER, ARIZONA, AND AUTHORIZING THE CITY MANAGER 
TO SIGN ALL RELATED DOCUMENTS AS APPROVED BY THE CITY 
ATTORNEY.  
 
WHEREAS, the City owns certain real property approximately 3,000 square feet in size in its 
downtown area that is generally identified as 51 E. Boston Street (the “Property”), a legal 
description of which is included in Exhibit “A,” attached hereto and incorporated herein; and 
 
WHEREAS, the Property is located in the City’s “Chandler Redevelopment Area” established 
pursuant to Resolution No. 1180 and in the City’s Central Business District established pursuant to 
Resolution No. 4646; and 
 
WHEREAS, the Property was acquired by the City as part of its plan to redevelop and revitalize 
the downtown area of the City as described in the Chandler Redevelopment Area Plan; and  
 
WHEREAS, Specht Commercial Properties, LLC (the “Developer”) has proposed to renovate the 
Property and operate a live-entertainment venue in a way that the Parties believe will contribute to 
the implementation and achievement of the City’s goals of redevelopment and revitalization of the 
City’s downtown area; and 
 
WHEREAS, the City of Chandler desires to enter into both a purchase-sale transaction and, 
separately, a development agreement to facilitate private development of the Property, and finds 
that the proposed arrangement will provide new and different services and facilities benefitting 
current and pending commercial development in Downtown Chandler; and  
 
WHEREAS, the Purchase Agreement is intended to set forth certain obligations of the Parties with 
respect to the contemplated sale and redevelopment of Property, as permitted by Arizona law. 
 
NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Chandler, Arizona, 
as follows: 
 
Section 1. 
The City Council of the City of Chandler, Arizona, does hereby authorize and 
approve the Purchase Agreement with Specht Commercial Properties, LLC, under 
which City will sell the subject property for $460,000, all substantially in 
conformance with the Purchase Agreement, attached hereto as Exhibit “B.”  
 
Section 2. 
The Mayor of the City of Chandler, Arizona, is hereby authorized to execute and 
provide necessary documentation needed to implement the Purchase Agreement in 
accordance herewith.  All final forms shall be approved by the Chandler City 
Attorney.  Any related documents necessary to close the transaction may be executed

Ordinance No. 4971 
Page 2 
 
 
by the Acting City Manager or a designee, subject to approval as to form by the 
Chandler City Attorney.   
 
INTRODUCED AND TENTATIVELY APPROVED by the City Council of the City of Chandler, 
Arizona, this ______ day of ________, 2021. 
 
ATTEST: 
 
__________________________________  
 
 
 
 
 
 
CITY CLERK  
 
 
 
 
MAYOR 
 
PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this  
 day of 
 
 
, 2021. 
 
ATTEST: 
 
__________________________________  
 
 
 
 
 
 
CITY CLERK  
 
 
 
 
MAYOR 
 
CERTIFICATION 
 
I HEREBY CERTIFY that the above and foregoing Ordinance No. 4971 was duly passed and 
adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the ____ 
day of ________________, 2021, and that a quorum was present thereat. 
 
 
 
 
 
 
 
 
______________________________ 
 
 
 
 
 
 
 
CITY CLERK 
 
APPROVED AS TO FORM: 
 
___________________________________ 
CITY ATTORNEY 
 
Published in the Arizona Republic on:

Exhibit A 
Legal Description 
 
LOT 42 TOWNSITE OF CHANDLER, ACCORDING TO THE PLAT OF RECORD IN THE 
OFFICE OF THE COUNTY RECORDER OF MARICOPA COUNTY, ARIZONA IN BOOK 5 
OF MAPS, PAGE 34. 
 
Also known as Parcel Number 303-10-003-B

Exhibit B 
Purchase Agreement