Res 2022-01_Amending Res 2020-01 Granting Board Final Approval $600M

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010-9315-4089 
RESOLUTION NO. 2022-01  
 
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE INDUSTRIAL 
DEVELOPMENT AUTHORITY OF THE CITY OF CHANDLER, ARIZONA 
AMENDING AND RATIFYING ADOPTION OF RESOLUTION NO. 2020-01 
GRANTING FINAL APPROVAL OF ITS INDUSTRIAL DEVELOPMENT REVENUE 
BONDS (INTEL CORPORATION PROJECT) IN MULTIPLE SERIES PURSUANT TO A 
PLAN OF FINANCE IN AN AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED 
$600,000,000 
 
WHEREAS, The Industrial Development Authority of the City of Chandler, Arizona (the 
“Authority”) is an Arizona nonprofit corporation designated as a political subdivision of the 
State of Arizona (the “State”) empowered under the Industrial Development Financing Act, 
A.R.S. Section 35-701 through 761, inclusive (the “Act”), to issue revenue bonds for the 
purposes set forth in the Act, including the making of secured and unsecured loans for the 
purpose of financing the acquisition, construction, improvement or equipping of a “project” 
(as defined in the Act) whenever the Board of Directors of the Authority finds such loans to 
be in the public interest; and 
 
WHEREAS, pursuant to an application from Intel Corporation (the “Borrower”), a Delaware 
corporation, this Board of Directors adopted Resolution No. 2020-01 on February 11, 2020 
(the “Original Authorizing Resolution”) authorizing the issuance and sale by the Authority of 
its Industrial Development Revenue Bonds (Intel Corporation Project), in one or multiple 
series pursuant to a plan of finance in an aggregate principal amount not to exceed 
$600,000,000 (the “Bonds”) and loan the proceeds thereof to the Borrower for financing or 
reimbursing capital expenditures for certain environmental facilities (the “Project”) which 
will be used in connection with portions of semiconductor manufacturing plants of the 
Company located in the City of Chandler, Arizona (the “City”), and to pay certain costs 
incurred in connection with the issuance of the Bonds, all as permitted under the Act; and  
 
WHEREAS, it is desirable to make certain amendments to the Original Authorizing 
Resolution in order to reflect changes in circumstance since the adoption of such 
resolution: 
 
NOW, THEREFORE, BE IT RESOLVED by the Board of Directors of The Industrial 
Development Authority of the City of Chandler, Arizona, that: 
 
Section 1. 
Amendments to the Original Authorizing Resolution. 
 
(a)  Computershare Trust Company, N.A. or its affiliate or successor is hereby 
designated, approved and confirmed as Trustee, Paying Agent or Bond 
Registrar for the Bonds, in accordance with the Indenture (as defined in  the 
Original Authorizing Resolution) in substitution for Wells Fargo Bank, 
National Association, which has discontinued offering such services.

Resolution 2022-01 
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010-9315-4089 
(b) The Indenture, the Bonds and the other Authority Documents (as defined 
in the Original Authorizing Resolution) are authorized to provide for the 
draw-down delivery of Bonds in which multiple tranches of Bonds may be 
delivered pursuant to a single Indenture, but in an aggregate outstanding 
principal amount not to exceed $600,000,000.   
 
Section 2. 
Ratifying Adoption of Original Authorizing Resolution, as Amended herein; 
Issuance of Bonds. 
 
The adoption of the Original Authorizing Resolution, as amended herein 
(together, the “Authorizing Resolution”), is hereby in all respects ratified and 
confirmed and the Bonds may be issued and sold as provided therein and 
herein.   
 
Section 3. 
Effective Date.   
 
This Resolution is effective immediately. Prior to the issuance of any Bonds 
authorized by the Authorizing Resolution, unless repealed by the Authority, the 
Authorizing Resolution shall remain in effect until the first to occur of 
(a) January 1, 2023 or (b) the Authority has been notified in writing by the 
Borrower that it no longer intends to issue any Bonds authorized by this 
Authorizing Resolution.  Upon the issuance of any Bonds authorized by this 
Authorizing Resolution, the Authorizing Resolution shall constitute a contract 
with the holders of Bonds and shall be irrepealable.  
 
Passed and adopted this 8th day of February, 2022.   
 
THE INDUSTRIAL DEVELOPMENT AUTHORITY 
OF THE CITY OF CHANDLER, ARIZONA 
 
 
 
By:  
 
Its President