Resolution 5728

RESOLUTION NO. 5728 
 
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHANDLER, 
ARIZONA, 
APPROVING 
A 
SECOND 
AMENDMENT 
TO 
THE 
DEVELOPMENT 
AGREEMENT 
BETWEEN 
SPIKE 
LAWRENCE 
VENTURES, LLC, AND THE CITY OF CHANDLER TO ALLOW THE 
CONSTRUCTION OF A MINIMUM FOUR-STORY MIXED-USE 
EXPANSION TO THE HOTEL 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”); and 
 
WHEREAS, on May 26, 2022, the Chandler City Council approved the First Amendment to 
Development Agreement (“First Amendment”) between the City and Developer, which amended 
the 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, the parties wish to rescind the First Amendment and enter into a new amendment that 
permits Developer to construct a mixed-use building on the Phase 2 Property that includes an 
expansion of the hotel constructed during Phase 1; and 
 
WHEREAS, the City Council finds that it is in the best interest of the City of Chandler to execute 
the proposed second 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 second amendment that is attached to this Resolution as Exhibit A.    
 
Section 2. 
Authorizes the Mayor to execute such second amendment in a form substantially 
similar to that form attached to this Resolution as Exhibit A.   
 
PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this ___ day of 
August, 2023. 
 
ATTEST: 
 
________________________________               ______________________________________  
CITY CLERK  
 
                                 MAYOR

Resolution 5728 
Page 2 
CERTIFICATION 
 
I HEREBY CERTIFY that the above and foregoing Resolution No. 5728 was duly passed and 
adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the ___ 
day of August, 2023, and that a quorum was present thereat. 
 
________________________________  
CITY CLERK 
 
APPROVED AS TO FORM: 
 
______________________________ 
CITY ATTORNEY

Exhibit A