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ORDINANCE NO. 4979 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHANDLER, ARIZONA, REPEALING ORDINANCE 4964 (AUTHORIZING THE SALE OF A PARCEL OF CITY-OWNED LAND AT THE SOUTHWEST CORNER OF MCQUEEN ROAD AND PECOS ROAD TO WNDG, LLC, AN ARIZONA LIMITED LIABILITY COMPANY) AND AUTHORIZING THE SALE OF A PARCEL OF CITY-OWNED LAND AT THE SOUTHWEST CORNER OF MCQUEEN ROAD AND PECOS ROAD TO COPPERSTATE WEST, INC. FOR THE SUM OF $500. WHEREAS, the City of Chandler owns a parcel of land at the southwest corner of McQueen Road and Pecos Road as more fully described in the attached Exhibit "A" (the "Property"); and WHEREAS, the City previously abandoned its facilities on the Prope1iy; and WHEREAS, the Prope1iy is an uneconomic remnant that has little or no value and must be maintained by the City at an expense to its residents; and WHEREAS, Copperstate West, Inc., an Arizona corporation, owns a larger parcel adjacent to and surrounding the Prope1iy; and WHEREAS, zoning for the larger parcel requires the developer of the larger parcel to landscape and maintain the Property; and WHEREAS, on April 8, 2021, the Chandler City Council adopted Ordinance 4964 authorizing the sale of the Prope1iy to WNDG, LLC, an Arizona limited liability company, which was under contract with Copperstate West, Inc. to acquire and develop the larger parcel adjacent to and surrounding the Property; and WHEREAS, the proposed transaction between WNDG, LLC and Copperstate West was cancelled and never completed, which caused the City to rescind the sale of the Prope1iy to WNDG, LLC as authorized in Ordinance 4964; and WHEREAS, Copperstate West, Inc. desires to acquire the Property for the purpose of consolidating it with the development of the larger parcel. NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Chandler, Arizona, as follows: Section 1. Section 2. Repealing Ordinance 4964 adopted by the City Council on April 8, 2021. That the real property located at the southwest corner of McQueen Road and Pecos Road as more fully described in the attached Exhibit "A" shall be conveyed to Copperstate West, Inc., an Arizona corporation, for the sum of $500. Section 3. Section 4. Ordinance No. 4979 Page 2 That the conveyance shall be by Quit Claim Deed in the form attached as Exhibit "B". That the Mayor of the City of Chandler, Arizona is hereby authorized to execute the Quit Claim Deed and this Ordinance on behalf of the City. INTRODUCED AND TENTATIVELY APPROVED by the City Council of the City of Chandler, Arizona, this 12th day of August, 2021. ATTEST: CITY CLERK MAYOR PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this 26th day of August, 2021. ATTEST: CITY CLERK MAYOR CERTIFICATION I HEREBY CERTIFY that the above and foregoing Ordinance No. 4979 was duly passed and adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the 26th day of August, 2021, and that a quorum was present thereat. CITY CLERK APPROVED AS TO FORM: CITY ATTORNEY