Ordinance 5092

ORDINANCE NO. 5092 
 
AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF CHANDLER, 
ARIZONA, APPROVING A LEASE AGREEMENT BETWEEN THE CITY OF 
CHANDLER AND VILLAS ON MCQUEEN, LLC AN ARIZONA LIMITED 
LIABILITY 
COMPANY, 
RELATING 
TO 
THE 
LEASING 
AND 
DEVELOPMENT OF REAL PROPERTY LOCATED AT 77 N. MCQUEEN; 
AND AUTHORIZING EXECUTION OF THE LEASE AGREEMENT AND ALL 
RELATED DOCUMENTS. 
 
WHEREAS, the City of Chandler owns a parcel of land located at 77 N. McQueen (the “Leased 
Premises”) that is the subject of a Development Agreement and Gorman & Company, LLC, a 
Wisconsin limited liability company for the development of an affordable housing project known 
as Villas on McQueen (the “Project”); and 
 
WHEREAS, as part of the development, the Project owner, Villas on McQueen, LLC, must enter 
into a ground lease with the City; and 
 
WHEREAS, the City of Chandler desires to lease the Leased Premises to Villas on McQueen, LLC 
and Villas on McQueen, LLC desires to lease the Leased Premises from the City of Chandler 
substantially in accordance with the terms and conditions set out in the form of lease shown in 
attached Exhibit A, or as may be modified as required by the Project financing partners. 
 
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 lease of the Leased Premises to Villas on McQueen, LLC substantially in 
accordance with the terms and conditions set out in the form of lease shown in attached 
Exhibit A, or as may be modified as required by the Project financing partners upon 
approval of the Chandler City Attorney. 
 
Section 2. The Mayor of the City of Chandler, Arizona is hereby authorized to execute the 
lease and the City Manager or a designee is authorized to execute related documents, all 
upon 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 ______________, 2024. 
 
ATTEST: 
 
 
______________________________ 
 
____________________________________ 
CITY CLERK  
 
 
 
 
MAYOR

Ordinance No. 5092 
Page 2 
PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this _____ day 
of _______________, 2024. 
ATTEST: 
______________________________ 
____________________________________ 
CITY CLERK  
MAYOR 
CERTIFICATION 
I HEREBY CERTIFY that the above and foregoing Ordinance No. 5092 was duly passed and 
adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the 
____ day of _____________, 2024 and that a quorum was present thereat. 
____________________________________ 
CITY CLERK 
APPROVED AS TO FORM: 
CITY ATTORNEY 
Published in the Arizona Republic on:

EXHIBIT “A”