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RESOLUTION NO. 5916 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHANDLER, ARIZONA, APPROVING AN AMENDMENT NO. 2 TO THE INTERGOVERNMENTAL AGREEMENT DATED JULY 1, 2023, BETWEEN THE CITY OF CHANDLER AND THE ARIZONA BOARD OF REGENTS FOR AND ON BEHALF OF ARIZONA STATE UNIVERSITY FOR THE DELIVERY OF BUSINESS INCUBATOR AND ECOSYSTEM BUILDING SERVICES. WHEREAS, the City of Chandler (“City”) leases to the Arizona Board of Regents, for and on behalf of Arizona State University (together, “ASU”), the ASU Chandler Innovation Center (“ACIC”) located at 249 East Chicago Street, in Chandler, Arizona, pursuant to a Lease Agreement between the City and ASU dated May 28, 2013; and WHEREAS, the City and ASU entered into an Intergovernmental Agreement dated July 1, 2023, for the delivery of business incubator and ecosystem building services by ASU at the ACIC for an amount not to exceed $275,000 annually; and WHEREAS, the term of the Intergovernmental Agreement was July 1, 2023, through June 30, 2024, with the option of up to four one-year extensions; and WHEREAS, on July 2, 2024, the City and ASU entered into Amendment No. 1 to the Intergovernmental Agreement whereby they agreed to exercise the first option to extend its term through June 30, 2025; and WHEREAS, the City and ASU wish to amend the Intergovernmental Agreement to (i) exercise the second and third options to extend the term of the Agreement for two additional years through June 30, 2027, and (ii) update the scope of services and performance measures, as more fully described in the attached Amendment No. 2. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chandler, Arizona, as follows: Section 1. Approving Amendment No. 2 to the Intergovernmental Agreement between the City of Chandler and the Arizona Board of Regents on behalf of Arizona State University for the delivery of business incubator and ecosystem building services in substantially the form attached hereto as Exhibit “A”. Section 2. Authorizing the Mayor to sign and execute Amendment No. 2 on behalf of the City of Chandler. Resolution No. 5916 Page 2 PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this ____ day of June, 2025. ATTEST: _____________________________ ____________________________________ CITY CLERK MAYOR CERTIFICATION I HEREBY CERTIFY that the above and foregoing Resolution No. 5916 was duly passed and adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the ____ day of June, 2025 and that a quorum was present thereat. ___________________________________ CITY CLERK APPROVED AS TO FORM: ________________________________ CITY ATTORNEY