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RESOLUTION NO. 5754 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHANDLER, ARIZONA APPROVING A GROUNDWATER SAVINGS FACILITY STORAGE AGREEMENT BETWEEN NEW MAGMA IRRIGATION AND DRAINAGE DISTRICT AND THE CITY OF CHANDLER. WHEREAS, the City of Chandler (“City”) and New Magma Irrigation and Drainage District (“District”) (collectively “Parties”) wish to enter into a Groundwater Savings Facility Storage Agreement (the “Agreement”) to provide for the continued storage of up to 10,000 acre-feet annually of the City’s Central Arizona Project water at the District’s Groundwater Savings Facility; and WHEREAS, the Parties previously entered into an intergovernmental agreement effective February 24, 2004 that has been renewed annually thereafter; and WHEREAS, the Parties wish to enter into a new intergovernmental agreement in order to revise certain terms and increase the reimbursement rate paid to the City; and WHEREAS, it is in the best interests of the City of Chandler to enter into this Agreement. NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chandler, Arizona, as follows: Section 1. Approves the Agreement between New Magma Irrigation and Drainage District and the City of Chandler in substantially the form attached hereto as Exhibit “A.” Section 2. Authorizes the Mayor of the City of Chandler, or his designee, to execute the Agreement on behalf of the City of Chandler and take all action necessary or appropriate to carry out the purposes of this Resolution. PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this _____ day of ________________ 2023. ATTEST: ______________________________ ____________________________ CITY CLERK MAYOR Resolution 5754 Page 2 CERTIFICATION I HEREBY CERTIFY that the above and foregoing Resolution No. 5754 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 EXHIBIT “A”