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Meeting Minutes
Industrial Development Authority
Regular Meeting
April 14, 2026| 7:30 a.m.
Chandler City Council Chambers
88 E. Chicago Street, Chandler, AZ
Call to Order
The meeting was called to order by President Shannon Wilson at 7:32 a.m.
Roll Call
Commission Attendance
Staff Attendance
President Shannon Wilson
Kristi Smith, Management Services Director
Secretary Anthony Yang
Julie Goucher, Accounting Senior Manager
Treasurer Lee Kroll
Jenny Winkler, Assistant City Attorney
Director Charles Ertl
Karla Lange, Management Assistant
Director Francis Benavides
Micah Miranda, Economic Development Director
Michael Winer, Economic Development Project Manager
Lauren Schumann, Principal Planner
Other Attendees
Zach Sakas, Bond Counsel, Greenberg Traurig, LLP
Dr. Anthony Evans, Center Director, Siedman Research Institute|ASU
Absent
Vice President John Lok
Director Sunil Das
Page 2 of 7
Scheduled and Unscheduled Public Appearances
None.
Approval of Minutes
1.
Director Ertl moved to approve the December 9, 2025, Regular Meeting Minutes.
Treasurer Kroll seconded the motion. Motion approved unanimously (5-0).
Briefing Items
2.
Chandler 2026 General Plan: evolving the Chandler way Presentation: Ms. Lauren
Schumann, Principal Planner, outlined the details of a PowerPoint presentation related
to updates to the General Plan, which occurs every ten years. The Plan was
recommended for approval to the City Council by the Planning and Zoning Commission
on January 21, 2026, and approved by the City Council on February 23, 2026. The
General Plan will be on the ballot for ratification by Chandler voters at the Primary
election on July 21, 2026.
Responding to Secretary Yang, Ms. Schumann voiced that data centers in general have
become a controversial topic in recent months, and noted that although prohibiting data
centers in the city was discussed as part of the general plan development, based on the
Resident Advisory Committee recommendation, they opted to not include prohibition
explicitly, as data centers could change over the next ten years. She continued that from
a utility perspective, the power companies are private, so the city does not address that
aspect, however, water usage is something the city needs to continue to monitor, and
companies identified as potentially “high usage” are required to provide a study and that
is regulated and monitored by the city.
Responding to Director Benavides, Ms. Schumann conveyed that Chandler currently
does not have land area large enough to build a professional sports stadium. Mr.
Miranda commented that Chandler’s long-term economic development strategies focus
on targeting industry clusters that provide higher ROI (return on investment) over time
and zero municipal up-front capital investment, versus professional sports, which
generally require heavy public subsidies that are not typically recouped.
Responding to Mr. Sakas, Ms. Schumann noted that the City of Chandler does not
currently provide a percentage of total project cost for art-related projects. She added
Page 3 of 7
that the arts were added as an element of the general plan upon the recommendation
of the Citizens Advisory Committee.
3.
Chandler Next Twenty Economic Vitality Report Presentation: Mr. Winer
introduced Dr. Evans from Arizona State University, who provided a PowerPoint
presentation to the Board which is attached to these minutes as Exhibit A.
Mr. Miranda emphasized the long-term challenges that the City of Chandler is facing
include, as mentioned in the presentation, aging demographics and changes at the state
level on taxation. He noted that it will be a twenty-year effort to address these
challenges, and pointed to Ms. Schumann’s presentation, in which addressing the
housing needs creatively compliment the recommendations in the Next Twenty 2.0
Vitality report. He continued that Economic Development is currently working with the
development community to solve how the Price corridor and the high-speed transit
corridors become the next Camelback corridor, which includes the diversity of
employment and residential uses in one area.
Dr. Evans conveyed that the study avoided data centers specifically, because they have
recently become controversial, due to the electricity and water consumption and also
the heat generation they create, which can negatively affect nearby residences, creating
a “heat desert”. He also mentioned that the study did not address a professional sports
venue specifically, because it was determined there wasn’t enough available land within
the city and the overall return on investment did not make sense.
Responding to Director Benavides, Mr. Winer noted that there are programs in place to
support the conversion of C-class office space, and the focus has been on avoiding
converting spaces to non-tax generating entities, for instance, converting offices into
multi-family housing residences. A pilot program is being discussed to offset the cost of
service by the city for multi-family and residential, since the state removed the
transaction privilege tax on apartments, in which Chandler lost approximately
$14,000,000 per year in revenue.
4.
Chandler Next Twenty Economic Vitality Report Grant – 2nd Quarter Report: Mr.
Winer conveyed that the Chandler Next Twenty 2.0 report has been completed and that
final invoices have been submitted for payment. He reported the total cost of the project
was $145,586. A sum of $5,000 was budgeted for student transportation
reimbursement, however only $586 was utilized, so the project came in under budget
for the $150,000 grant awarded by the Board.
5.
Young Families and Professionals (YFP) Marketing Campaign Grant– 2nd Quarter
Report: Ms. Smith voiced that the Request for Proposal (RFP) for the marketing
Page 4 of 7
campaign will close on April 21, 2026, so the completion timeline for the project will be
re-evaluated, based on the vendor selection.
She added that all participating school districts have paid their $10,000 share toward the
marketing campaign. She continued that Ms. Faggiano will provide a presentation to
the Board at a future meeting.
6.
Chandler Career Center Grant – 2nd Quarter Report: Ms. Smith voiced that the award
for this grant was $53,200 and as of the end of March, $44,100 had been paid out. The
target completion date of this project is June 30, 2026. She highlighted that fifteen new
Chander-based employers joined the platform and 101 new, native jobseekers had
registered on the career center site. Approximately 200 Chander-based positions were
manually posted, and the team held two additional milestone events, including an
Internship 101 for Business event and their sixth Lunch-and-Learn.
7.
November & December 2025 and January & February 2026 Financials: Ms. Goucher
presented the Financials for November & December 2025 and January & February 2026,
attached to these minutes as Exhibit B.
Responding to President Wilson, Ms. Goucher confirmed that the cash in the JP Morgan
Chase account has been earning interest since the beginning of the fiscal year, July 1,
2026.
Action Agenda
None.
Member Comments/Announcement
None.
Informational Items
Ms. Smith reminded the board that the annual Boards and Commissions Appreciation event,
sponsored by the City Clerk’s office is Wednesday, April 15, 2026, from 7:30 – 9:00 a.m.
Ms. Lange conveyed that starting next month, the remote option for future meetings will be on
the Microsoft Teams platform, and the updated log-in details will be provided as part of the
agenda.
Calendar
Page 5 of 7
Calendar
The next regular meeting will be held on Tuesday, May 12, 2026, at 7:30 a.m.
Adjourn
The meeting was adjourned at 8:14 a.m.
___________________________
Shannon Wilson, President
Page 6 of 7
Exhibit A
4/20/2026
1
Presentation to:
Chandler Industrial
Development Authority
April 14, 2026
SEIDMAN
RESEARCH
INSTITUTE
• Consulting arm of W. P. Carey School of Business, ASU
• Experts in economic impact analysis, market research, tax revenue
forecasting, and new business development
• Current (live project) clients include:
1
2
4/20/2026
2
In July 2025, City of Chandler Economic Development team asked
Seidman to:
• Establish a vision for Chandler’s economic growth over the next 20
years
• Provide recommendations that will help build a path toward a vibrant
future for the city
OBJECTIVES
• Review prior city plans, studies and related materials
• Collate demographic and educational data from federal and state sources
• Conduct 15 stakeholder interviews and 2 resident focus groups
• Compare Chandler’s economy to other cities and the metro area
• Compare Chandler’s growth to date with three non-Arizona cities
• Consider the implications of Chandler approaching full build out
• Compare the future investment needs of the city with its projected tax base
• Conduct a S.W.O.T. analysis
• Investigate Foreign Direct Investment (FDI) targets and strategies
• Consider ways to encourage new people to relocate and work in Chandler
• Identify five big projects to build on Chandler’s economic prosperity
PROCESS
3
4
4/20/2026
3
SEVEN
CURRENT
REALITIES
REALITY #1
Employment
Growth to
Exceed
Population
Growth
• Between 2010 and 2020, Chandler’s population grew at a faster
rate (17.1%) than Glendale, Mesa, Scottsdale, and Tempe.
• But since 2020, Chandler’s average annual growth rate (0.8%) is
slower than Gilbert (1.9%), Tempe (1.6%), Glendale (1.4%) and
Mesa (0.9%)
• The slowing of population growth is directly related to the
increasing shortage of undeveloped land for single-family homes
• It is also currently projected to continue into the 2040s
• Total employment is projected to increase at a greater rate than
population growth in three of the next four decades
• Projected employment growth of 13.8% (2022-30) is second only to
Mesa among metro Phoenix cities with at least 100,000 jobs
• This could have implications for commuting - one in five Chandler
jobs were held by residents in 2022
5
6
4/20/2026
4
REALITY #2
From Land Rich
to Land Poor:
Housing
Availability
• 94% of Chandler’s land is currently developed
• Current residential density of 4,243 people per square mile must
increase to avoid growth constraints
• City zoning rules currently favor single-family housing, thereby
posing a challenge for infill development
• Pollack suggests regulatory burden and complex permitting are the
strongest impediments to future urban development
• Lowering regulatory barriers could increase density but also
lengthen commuting times and raise rents
• Housing affordability is a major concern
• Median homeowner costs expressed as a percentage of household
income have fallen from 22% to 16% but remain relatively high
REALITY #3
Focused on
Chips and Tech
• Chandler’s historic growth has been influenced by several high-tech
giants (e.g., Intel, Motorola, Freescale, and Microchip Technologies)
• Semiconductor manufacturing today dominates economic base
• Computer and electronic products; navigational, measuring,
electromedical, and control instruments; and transportation
equipment are also manufactured in the city
• Current U.S. industrial policy emphasizes supporting domestic high-
tech industries, particularly semiconductor production
• The city also initiated a supportive ecosystem fostering startups
and innovation - e.g. Chandler Endeavor business incubator
7
8
4/20/2026
6
REALITY #6
Selling the
Chandler
Dream
• Chandler has a strong reputation for its green spaces, recreational
amenities, and public safety (83% recreational satisfaction)
• Chandler Unified School District mainly outperforms the state:
• Teachers have 1.2 years more experience and earn on average
$2,225 more per year than their state peers, but spending per
pupil is $741 lower
• District also pioneered U.S. High School semiconductor course
• Public education (measured as a composite of standardized test
passing and graduation rates) plays a more significant role in the
city’s appeal as a place to live than public safety, travel time to
downtown, and open spaces
• Chandler commute times 22.8 min vs. 24.9 min for metro in 2024
REALITY #7
Sustainable Tax
Revenue Base
• General fund is heavily
dependent on sales tax and
state-shared revenues
• City can meet future budget
requirements through 2055 if it
repeats the prior 10-year 2.6%
per capita real growth rate, or
the prior 22-year 0.6% growth
trend
• Slow population growth will
result in slow revenue growth
• Chandler has received $56
million from state for public
infrastructure projects, and
would benefit from expansion of
the prime construction
contracting TPT program
11
12
4/20/2026
7
FIVE
BIG
IDEAS
“Innovation opportunities
do not come with
the tempest but with the
rustling of the breeze.”
Dr. Peter Drucker
13
14
4/20/2026
8
BIG IDEA #1
Embrace
Semiconductors
as the Primary
Base Industry
• Metro Phoenix is today known as the Semiconductor Desert
• Changes in U.S. public policy and AI-driven increases in computer
chip demand have led to large investments in U.S. chip fabrication
capacity – e.g., Intel ($32 billion) and TSMC ($165 billion)
1.
Refocus economic development on semiconductors
2.
Think of TSMC as an ally as well as a competitor
3.
Work with local schools/colleges to meet workforce needs
and promote Chandler as a great place to live
4.
Develop an “end-to-end” semiconductor ecosystem
5.
Engage global semiconductor suppliers as a key FDI focus
BIG IDEA #2
Next Generation
Aviation
• Municipal Airport is a key area for economic development
EXPAND HELICOPTER USAGE & UNIVERSITY FLIGHT TRAINING
1.
Falcon Field is the only competitor in region
2.
Will generate direct revenue through hangar and land leases,
fuel sales, maintenance services, landing fees and training
3.
Enhances tourism (helicopter access to regional destinations)
ELECTRIC VERTICAL TAKE-OFF & LANDING (e-VTOL) HUB
1.
Designed for short, frequent point-to-point trips, including air
taxis, medevacs, cargo, or on-demand charters
2.
Lower acoustic impacts than helicopters
3.
Will complement city’s reputation for tech and innovation
4.
Will attract well-paid aviation technology and research firms
5.
e-VTOL activities are traded = new revenue in economy
15
16
4/20/2026
9
BIG IDEA #3
Fulfill the
‘Community of
Innovation’
Promise
• Leverage semiconductor reputation and periodic downturns as
an opportunity
1.
Tailor city-led incentives for startups towards businesses
with highest potential to generate revenue from outside
Chandler
2.
Encourage funding accelerator opportunities
3.
Work closely with ASU and other education partners to
unlock Research & Development potential
BIG IDEA #4
Strengthen
Workforce
Ecosystem and
City’s Appeal as
a Place to Live
and Work
• Align housing policy with workforce goals and strengthen childcare
and transportation infrastructure to sustain economic growth and
quality of life
ADDRESS REGIONAL WORKFORCE SUPPLY CONSTRAINTS
1.
Focus on healthcare, skilled trades and advanced
manufacturing pipelines
DEVELOP SUPPORTIVE WORKFORCE STRATEGIES
1.
Address housing affordability through land use policies or
increased density near job centers to improve workforce
retention and reduce commute times
2.
Adopt zoning reforms to support expansion of childcare
3.
Convene local childcare providers to reduce admin burdens,
improve business practices, and foster collaboration
4.
Expanding micro transit and Flex services to additional
employment centers
17
18
4/20/2026
10
BIG IDEA #5
Become the
Business-
Friendly City for
Middle Housing
Development
• ARS § 9-462.13 establishes a statewide baseline to facilitate
middle housing development, but Chandler should aim to go
beyond the statute
• Critical to attract new residents and sustain future economic
growth
FOCUS ON HOUSING SUPPLY-SIDE FACTORS
1.
Develop the limited vacant land
2.
Increase density on already developed parcels
3.
Form high-level working groups comprised of city
officials, urban planning experts, and major developers to
further enhance zoning and development policies
660 S MILL AVENUE, SUITE 300
TEMPE
AZ 85281
Tel: (480) 965 5362
Fax: (480) 965 5458
seidmaninstitute.com
Contact:
anthony.j.evans@asu.edu
19
20
Page 7 of 7
Exhibit B
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
ASSETS
CURRENT ASSETS:
Cash in bank
137,448
$
TOTAL CURRENT ASSETS
137,448
$
OTHER ASSETS:
Investments
1,325,046
TOTAL OTHER ASSETS
1,325,046
TOTAL ASSETS
1,462,494
$
LIABILITIES
CURRENT LIABILITIES:
Application deposits
3,000
TOTAL CURRENT LIABILITIES
3,000
TOTAL LIABILITIES
3,000
BEGINNING NET POSITION
1,507,236
$
Year-to-date change in net position
(47,742)
ENDING NET POSITION
1,459,494
$
November 30, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
5 Month Ended
November 30, 2025
OPERATING REVENUES:
Interest income
115
$
579
$
TOTAL INCOME
115
579
TOTAL OPERATING REVENUES
115
579
OPERATING EXPENSES:
Annual Corporation Report
-
10
Miscellaneous (account analysis
settlement bank charge, IRS filings)
100
709
Grant payments
21,154
71,682
-
TOTAL OPERATING EXPENSES
21,254
72,401
OPERATING INCOME (LOSS)
(21,139)
(71,822)
NONOPERATING REVENUE:
Investment income (loss)-Note 1
4,885
24,080
TOTAL NONOPERATING REVENUE
4,885
24,080
NET CHANGE IN NET POSITION
(16,254)
$
(47,742)
$
Note 1 - Interest income (loss) is as follows:
Realized interest to date
4,885
24,080
November 30, 2025
November 30, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
ASSETS
CURRENT ASSETS:
Cash in bank
257,389
$
TOTAL CURRENT ASSETS
257,389
$
OTHER ASSETS:
Investments
1,329,645
TOTAL OTHER ASSETS
1,329,645
TOTAL ASSETS
1,587,034
$
LIABILITIES
CURRENT LIABILITIES:
Application deposits
3,000
TOTAL CURRENT LIABILITIES
3,000
TOTAL LIABILITIES
3,000
BEGINNING NET POSITION
1,507,236
$
Year-to-date change in net position
76,798
ENDING NET POSITION
1,584,034
$
December 31, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
6 Month Ended
December 31, 2025
OPERATING REVENUES:
Annual admin fees (Intel)
140,539
$
140,539
$
Interest income
219
798
TOTAL INCOME
140,758
141,337
TOTAL OPERATING REVENUES
140,758
141,337
OPERATING EXPENSES:
Annual Corporation Report
-
10
Miscellaneous (account analysis
settlement bank charge, IRS filings)
103
812
Grant payments
20,714
92,396
-
TOTAL OPERATING EXPENSES
20,817
93,218
OPERATING INCOME (LOSS)
119,941
48,119
NONOPERATING REVENUE:
Investment income (loss)-Note 1
4,599
28,679
TOTAL NONOPERATING REVENUE
4,599
28,679
NET CHANGE IN NET POSITION
124,540
$
76,798
$
Note 1 - Interest income (loss) is as follows:
Realized interest to date
4,599
28,679
December 31, 2025
December 31, 2025
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
ASSETS
CURRENT ASSETS:
Cash in bank
227,739
$
TOTAL CURRENT ASSETS
227,739
$
OTHER ASSETS:
Investments
1,334,544
TOTAL OTHER ASSETS
1,334,544
TOTAL ASSETS
1,562,283
$
LIABILITIES
CURRENT LIABILITIES:
Application deposits
3,000
TOTAL CURRENT LIABILITIES
3,000
TOTAL LIABILITIES
3,000
BEGINNING NET POSITION
1,507,236
$
Year-to-date change in net position
52,047
ENDING NET POSITION
1,559,283
$
January 31, 2026
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
7 Month Ended
January 31, 2026
OPERATING REVENUES:
Annual admin fees (Intel)
-
140,539
$
Interest income
273
$
1,071
TOTAL INCOME
273
141,610
TOTAL OPERATING REVENUES
273
141,610
OPERATING EXPENSES:
Annual Corporation Report
-
10
Miscellaneous (account analysis
settlement bank charge, IRS filings)
109
921
Grant payments
29,814
122,210
-
TOTAL OPERATING EXPENSES
29,923
123,141
OPERATING INCOME (LOSS)
(29,650)
18,469
NONOPERATING REVENUE:
Investment income (loss)-Note 1
4,899
33,578
TOTAL NONOPERATING REVENUE
4,899
33,578
NET CHANGE IN NET POSITION
(24,751)
$
52,047
$
Note 1 - Interest income (loss) is as follows:
Realized interest to date
4,899
33,578
January 31, 2026
January 31, 2026
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF NET POSITION
ASSETS
CURRENT ASSETS:
Cash in bank
227,705
$
TOTAL CURRENT ASSETS
227,705
$
OTHER ASSETS:
Investments
1,339,100
TOTAL OTHER ASSETS
1,339,100
TOTAL ASSETS
1,566,805
$
LIABILITIES
CURRENT LIABILITIES:
Application deposits
3,000
TOTAL CURRENT LIABILITIES
3,000
TOTAL LIABILITIES
3,000
BEGINNING NET POSITION
1,507,236
$
Year-to-date change in net position
56,569
ENDING NET POSITION
1,563,805
$
February 28, 2026
CHANDLER INDUSTRIAL DEVELOPMENT AUTHORITY
STATEMENT OF REVENUES, EXPENDITURES, AND CHANGES IN NET POSITION
8 Month Ended
February 28, 2026
OPERATING REVENUES:
Annual admin fees (Intel)
-
140,539
$
Interest income
215
$
1,286
TOTAL INCOME
215
141,825
TOTAL OPERATING REVENUES
215
141,825
OPERATING EXPENSES:
Annual Corporation Report
-
10
Miscellaneous (account analysis
settlement bank charge, IRS filings)
102
1,023
Grant payments
147
122,357
-
TOTAL OPERATING EXPENSES
249
123,390
OPERATING INCOME (LOSS)
(34)
18,435
NONOPERATING REVENUE:
Investment income (loss)-Note 1
4,556
38,134
TOTAL NONOPERATING REVENUE
4,556
38,134
NET CHANGE IN NET POSITION
4,522
$
56,569
$
Note 1 - Interest income (loss) is as follows:
Realized interest to date
4,556
38,134
February 28, 2026
February 28, 2026