Resolution No. 5585

RESOLUTION NO. 5585 
 
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHANDLER, 
ARIZONA, 
APPROVING 
A 
FIRST 
AMENDMENT 
TO 
THE 
DEVELOPMENT 
AGREEMENT 
BETWEEN 
SPIKE 
LAWRENCE 
VENTURES, LLC, AND THE CITY OF CHANDLER TO ALLOW THE 
CONSTRUCTION 
OF 
A 
MIXED-USE 
FOUR-STORY 
RETAIL/RESIDENTIAL HOUSING DEVELOPMENT ON THE NEW 
SQUARE PHASE 2 SITE, LOCATED AT THE NORTHEAST CORNER 
OF OREGON STREET AND CHICAGO STREET. 
 
WHEREAS, on April 26, 2018, the Chandler City Council approved a development agreement 
(“Development Agreement”) with Spike Lawrence Ventures, LLC, (“Developer”) which sets forth 
obligations of the parties with regard to the development of City-owned real property located on 
the northeast corner of Chicago Street and Oregon Street and commonly referred to as Site 6 or 
New Square (the “Property”), as permitted by Ariz. Rev. Stat. § 9-500.05; and 
 
WHEREAS, in exchange for the Developer’s promise to build certain minimum improvements on 
the Property, the Development Agreement allowed the Developer to purchase City-owned property 
for a price established within the Development Agreement; and 
 
WHEREAS, the Developer has built Phase 1 which consists of a single-story 7,500 square foot 
building containing retail and restaurant uses, a mixed-use three-story building comprised of at 
least 47,000 square feet with a minimum of 33,000 square feet of office space, and a four-story 
hotel with a total of 108 doors pursuant to the Development Agreement; and 
 
WHEREAS, because of the economic disruption caused by the Covid-19 pandemic, including a 
continued shortage of residential housing in the City of Chandler, the Developer has requested to 
amend the Development Agreement to allow for the construction of mixed-use retail-and-
residential housing structure on the remaining Phase 2 portion of the Property that has not yet been 
developed; and 
 
WHEREAS, the City Council finds that it is in the best interest of the City of Chandler to execute 
the proposed amendment to the Development Agreement.  
 
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chandler, Arizona, 
as follows: 
 
Section 1. 
Approves the amendment that is attached to this Resolution as Exhibit A.    
 
Section 2. 
Authorizes the Mayor to execute such amendment in a form substantially similar to 
that form attached to this Resolution as Exhibit A.

Resolution 5585 
Page 2 
 
 
PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this ___ day of 
________, 2022. 
 
ATTEST: 
 
________________________________               ______________________________________  
CITY CLERK  
 
                                 MAYOR 
 
CERTIFICATION 
 
I HEREBY CERTIFY that the above and foregoing Resolution No. 5585 was duly passed and 
adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the ___ 
day of __________, 2022, and that a quorum was present thereat. 
 
________________________________  
CITY CLERK 
APPROVED AS TO FORM: 
 
______________________________ 
CITY ATTORNEY

Exhibit A