Resolution No. 6019

RESOLUTION NO. 6019 
 
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHANDLER, 
ARIZONA, APPROVING THE ISSUANCE OF MULTIFAMILY HOUSING 
REVENUE NOTES (HAVEN ON HAMILTON APARTMENTS PROJECT) OF 
THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF 
CHANDLER, ARIZONA, IN AN AGGREGATE PRINCIPAL AMOUNT NOT 
TO EXCEED $57,500,000, IN ONE OR MORE TAX-EXEMPT AND/OR 
TAXABLE SERIES, FOR A MULTIFAMILY RESIDENTIAL RENTAL 
PROJECT GENERALLY LOCATED AT 73 SOUTH HAMILTON STREET. 
 
WHEREAS, The Industrial Development Authority of the City of Chandler, Arizona (the 
“Authority”), is an Arizona nonprofit corporation designated as a political subdivision of the State 
of Arizona empowered under the Industrial Development Financing Act, A.R.S. §§ 35-701 
through 35-761 (the “Act”) to issue revenue bonds for the purposes set forth in the Act, including 
the making of secured and unsecured loans for the purpose of financing the acquisition, 
construction, improvement or equipping of a “project” (as defined in the Act) whenever the Board 
of Directors of the Authority finds such loans to be in the public interest; and 
WHEREAS, the term “project” includes within its meaning multifamily residential housing to be 
rented to persons of low income; and 
WHEREAS, The Haven on Hamilton, LLC, an Arizona limited liability company, or its affiliates 
(the “Borrower”), has requested that the Authority issue its multifamily housing revenue notes for 
the purpose of assisting the Borrower to finance all or a portion of the cost of: (a) the Borrower’s 
development, acquisition, construction, improvement, and equipping of an approximately 250-unit 
multifamily residential housing project generally located at 73 S. Hamilton Street, Chandler, 
Arizona 85225, to be known as the Haven on Hamilton Apartments, and to be rented to persons of 
low income, which is being co-developed by Brinshore Development, LLC, and the City (or their 
respective affiliates), (b) funding any required reserve funds, (c) paying capitalized interest, if any, 
on the below-defined Notes, and (d) paying costs and expenses incurred in connection with the 
issuance of such Notes (collectively, the “Project”); and 
WHEREAS, the Authority held a public hearing on June 9, 2026, on the issuance of the Notes, 
after reasonable public notice, as required by Section 147(f) of the Internal Revenue Code of 1986, 
as amended (the “Code”), and no comments were received; and 
WHEREAS, on June 9, 2026, the Authority adopted Resolution No. 2026-01 (the “Authority 
Resolution”) granting final approval of the issuance and sale of the Authority’s Multifamily 
Housing Revenue Notes (Haven on Hamilton Apartments Project), Series 2026 (the “Notes”), in 
one or more tax-exempt and/or taxable series, in an aggregate principal amount not to exceed 
$57,500,000, the proceeds of which will be used to finance the Project; and 
WHEREAS, the Notes will be special limited obligations of the Authority and will not constitute 
an obligation or debt of the City or a charge against the general credit or any taxing powers of the 
City, the State of Arizona, or any political subdivision thereof; and

Resolution No. 6019 
Page 2 
WHEREAS, Section 35-721(B) of the Act provides that the proceedings of the Authority under 
which the Notes are to be issued require the approval of the City Council; and 
WHEREAS, Section 147(f) of the Code requires that an “applicable elected representative” (as 
that term is defined in the Code) approve the issuance of the tax-exempt portion of the Notes, and 
the plan of financing for the Project following the public hearing; and 
WHEREAS, information regarding the Project to be financed with the proceeds of the Notes has 
been presented to the City Council; and 
WHEREAS, it is intended that this Resolution shall constitute approval by the City Council 
pursuant to Section 35-721(B) of the Act and of the “applicable elected representative” as defined 
in Section 147(f) of the Code with respect to the Notes; 
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chandler as follows: 
Section 1. 
Approval For Purposes of the Act.  The issuance and sale by the Authority of the 
Notes in an aggregate principal amount not to exceed $57,500,000, comprised of 
not to exceed $47,500,000 principal amount of Series 2026A Notes and not to 
exceed $10,000,000 principal amount of Series 2026B (Taxable) Notes, and the 
proceedings of the Authority under which the Notes are to be issued, are hereby 
approved for all purposes of the Act. 
Section 2. 
Approval For Purposes of the Code.  The issuance of the 2026A Notes and the plan 
of financing for the Project are hereby approved for purposes of Section 147(f) of 
the Code. 
Section 3. 
Notice of A.R.S. Section 38-511.  Notice of Arizona Revised Statutes § 38-511 is 
hereby given.  The applicable provisions of that statute are by this reference 
incorporated herein. 
Section 4. 
Authorization of Actions.  The appropriate officers of the City are hereby 
authorized and directed to do all such things and to execute and deliver all such 
documents on behalf of the City as may be necessary or desirable to effectuate the 
intent of this Resolution and the Authority Resolution in connection with the 
issuance of the Notes. 
PASSED AND ADOPTED by the City Council of the City of Chandler, Arizona, this ____ day 
of June, 2026. 
ATTEST: 
 
 
__________________________________ 
CITY CLERK 
 
 
 
 
__________________________________ 
MAYOR

Resolution No. 6019 
Page 3 
CERTIFICATION 
 
I HEREBY CERTIFY that the above and foregoing Resolution No. 6019 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, 2026 and that a quorum was present thereat. 
 
 
 
 
 
__________________________________ 
CITY CLERK 
APPROVED AS TO FORM: 
 
 
__________________________________ 
CITY ATTORNEY