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ORDINANCE NO. 5031 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHANDLER, ARIZONA, AUTHORIZING A PORTION OF THE WEST SIDE OF COOPER ROAD NORTH OF QUEEN CREEK ROAD BE VACATED AND CONVEYED TO THE ABUTTING PROPERTY OWNER. WHEREAS, the City of Chandler (“City”) owns Cooper Road north of Queen Creek Road; and, WHEREAS, Chamberlain Development, LLC (“Chamberlain”) owns and is developing the property at the northwest corner of Cooper Road and Queen Creek Road; and, WHEREAS, the City no longer needs the westerly 15 plus feet of Cooper Road in and desires to reduce the width of Cooper Road to 40 feet; and, WHEREAS, Chamberlain is willing to compensate the City for the westerly 15 plus feet of Cooper Road to add to their development of Chandler Airport Corporate Park in the amount of one hundred sixty-nine thousand five hundred and forty-one ($169,541.00) dollars; and WHEREAS, the City is willing to vacate and convey the west side of Cooper Road north of Queen Creek Road for this amount. NOW, THEREFORE, BE IT ORDAINED by the City Council of the City of Chandler, Arizona, as follows: Section 1. That the City Council of the City of Chandler, Arizona, authorizes and approves the westerly 15 plus feet of Cooper Road north of Queen Creek Road, Chandler, Arizona, more fully described in Exhibit “A”, be vacated and conveyed to Chamberlain for $169,541.00 in cash. Section 2. That the transfer of said property shall be in a form approved by the City Attorney. Section 3. Subject to Section 2 above, the City’s Real Estate Manager, or any City real estate officer acting on the Manager’s behalf, is authorized to execute, deliver and deposit into escrow the approved purchase agreement along with all other documents and instructions necessary to consummate the sale of said real property. Section 4. That the Mayor of the City of Chandler, Arizona, is hereby authorized to execute the conveying document and this Ordinance on behalf of the City. Ordinance No. 5031 Page 2 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 Mayor and 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. 5031 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 the vote was _____ ayes, and ______ nays. ___________________________________ CITY CLERK APPROVED AS TO FORM __________________________________ CITY ATTORNEY EXHIBIT “A”