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ORDINANCE NO. 5036
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHANDLER,
ARIZONA, ADOPTING THE PROVISIONS OF A DEVELOPMENT
AGREEMENT AND PURCHASE AGREEMENT BETWEEN ONE CHANDLER
OWNER, LLC, AND THE CITY OF CHANDLER FOR THE SALE AND
REDEVELOPMENT OF CITY-OWNED REAL PROPERTY LOCATED AT
THE NORTHEAST CORNER OF ARIZONA AVENUE AND BUFFALO
STREET, KNOWN AS “SITE 7,” AND AUTHORIZING THE MAYOR AND
CITY MANAGER TO SIGN DOCUMENTS AS APPROVED BY THE CITY
ATTORNEY.
WHEREAS, the City owns certain real property approximately 1.686 acres in size in its
downtown area that is generally identified as Site 7 (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, One Chandler Owner, LLC (the “Developer”) has proposed to redevelop the Property
in conjunction with adjacent property owned by the Developer 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 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 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 development agreement with One Chandler Owner, LLC and authorizes the
Mayor to execute the development agreement and related documents in substantial
conformance with the document attached in Exhibit B.
Section 2.
The City Manager is hereby authorized to execute and provide necessary
documentation needed to implement the Purchase Agreement in substantial
conformance with the document attached in Exhibit C. All final forms shall be
Ordinance No. 5036
Page 2
approved by the Chandler City Attorney. Any related documents necessary to close
the transaction may be executed by the 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 ________, 2022.
ATTEST:
____________________________
CITY CLERK
MAYOR
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 Ordinance No. 5036 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
Published in the Arizona Republic on:
Exhibit A
Legal Description
LOTS DESCRIPTION
Lots 128, 129, 130, 131, 132, 133, 134, 135, 136, 137, 138, 139, 268, 270, 272,274 TOWNSITE OF
CHANDLER, according to the plat of record in the office of the Maricopa County Recorder, in Book 5 of
Maps, Page 34.
EXCEPT the north 3.00 feet of Lot 268
EXCEPT that portion of Lot 139 described as follows:
BEGINNING at the Southwest corner of said Lot 139; thence South 89 degrees 24 minutes 17 seconds East
along the South line thereof, a distance of 3.00 feet; thence North 29 degrees 41 minutes 53 seconds West
5.79 feet to the West line of said Lot; thence South 1 degree 30 minutes 18 seconds West along said West
Lot line, a distance of 5.00 feet to the Point of Beginning.
ALLEY VACATION RECORDED PER ORDINANCE NO. 3509 RECORDED 2004-0365563
A portion of TOWNSITE OF CHANDLER, according to the plat of record in the office of the Maricopa
County Recorder, in Book 5 of Maps, Page 34, being more particularly described as follows:
BEGINNING at a point marking the northeast corner of Lot 128 as shown in said Book 5 of Maps, Page 34
of Maricopa County records;
THENCE Westerly along the north line of Lots 128 through 139 to the northwesterly corner of Lot 139;
THENCE along the northerly prolongation of the west line of said Lot 139 to a point that lies 10 feet north
of said north line of Lots 128 through 139;
THENCE easterly, parallel with and 10 feet north of said north line of Lots 128 through 139 to a point being
on the southerly prolongation of a line parallel with and 10 feet west of the west line of Lots 270, 272 and
274;
THENCE northerly, parallel with and 10 feet west of said west line of Lots 270, 272 and 274 to a point on
the westerly prolongation of the north line of Lot 270;
THENCE easterly to the northwest corner of said Lot 270;
THENCE southerly along said west line of Lots 270, 272 and 274 to the southwest corner of Lot 274;
THENCE easterly along the south line of said Lot 274 of the southeast corner of said lot;
THENCE southerly to the POINT OF BEGINNING.
Exhibit B
Development Agreement
Exhibit C
Purchase Agreement