Ordinance 5061

ORDINANCE NO. 5061 
 
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHANDLER, 
ARIZONA, ADOPTING THE PROVISIONS OF A DEVELOPMENT 
AGREEMENT AND PURCHASE AGREEMENT BETWEEN JEMBJACD, LLC, 
AND THE CITY OF CHANDLER FOR THE SALE AND DEVELOPMENT OF 
.36 ACRES OF CITY-OWNED PROPERTY LOCATED AT THE SOUTHWEST 
CORNER OF CHICAGO STREET AND OREGON STREET.  
 
WHEREAS, the City owns certain real property in its downtown area, specifically 0.36 acres 
located along the southwest corner of Chicago Street and Oregon Street that is generally identified 
as 200 South Oregon Street and 210 South Oregon Street (the “Property”); 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, JEMBJACD, LLC has proposed to develop the Property 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 has determined that JEMBJACD, LLC, is qualified and capable of developing 
the Property in a manner that will facilitate the redevelopment of Chandler and provide public 
benefits for the City and its residents; and 
 
WHEREAS, the City and JEMBJACD, LLC, wish to enter into a development agreement, in 
accordance with A.R.S. §9-500.05, to address certain matters related to the development of the 
Property; 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. 
Authorizing and approving the development agreement with JEMBJACD, LLC, and 
authorizing the Mayor to execute the development agreement and related documents 
in substantial conformance with the document attached in Exhibit A.    
 
Section 2. 
Authorizing the City Manager to execute and provide necessary documentation 
needed to implement the purchase agreement in substantial conformance with the 
document attached in Exhibit B. All final forms shall be  approved by the Chandler 
City Attorney. Any related documents necessary to close the transaction may be

Ordinance No. 5061 
Page 2 
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 July, 2023. 
ATTEST: 
________________________________              ______________________________________ 
CITY CLERK  
MAYOR 
PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this ___ day of 
July, 2023. 
ATTEST: 
________________________________              ______________________________________ 
CITY CLERK  
CERTIFICATION 
I HEREBY CERTIFY that the above and foregoing Ordinance No. 5061 was duly passed and 
adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the 
_____ day of ________, 2023 and that a quorum was present thereat. 
______________________________ 
CITY CLERK 
APPROVED AS TO FORM: 
______________________________ 
CITY ATTORNEY 
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