Exhibit 10.14
CONTRACT C2000-104
ORIGINAL CONTRACT NO. C97-141
ADDENDUM TO DEVELOPMENT AGREEMENT
BETWEEN CITY OF TEMPE AND
MICROCHIP TECHNOLOGY INC.
ADDENDUM TO DEVELOPMENT AGREEMENT
C2000-104
Original C97-141
This Addendum to Development Agreement C97-141 is made the 11th day of May,
2000 by and between the City of Tempe, Arizona, an Arizona municipal corporation
("Tempe" or "City") and Microchip Technology Inc., a Delaware corporation
("Microchip").
RECITALS:
A. Microchip plans to increase its wastewater discharge by five hundred
twenty three thousand (523,000) gallons per day (gpd) over the next
two years, to a maximum discharge of 1.2 million gallons per day (mgd)
by mid-year 2002.
B. The City's existing water distribution system can support the proposed
increase in potable water demand at Microchip's site.
C. The City plans to provide sufficient treatment capacity, at cost, in
the Plant IV-A expansion of the 91st Avenue Wastewater Treatment
Plant, hereinafter "WWTP" to satisfy Microchip's projected demand.
Tempe has determined the cost of additional transmission capacity
needed to convey the wastewater to the 91st Avenue WWTP, and included
that amount in Microchip's expansion costs.
D. The total cost estimate for both wastewater treatment in Plant IV-A of
the 91st Avenue WWTP and transmission line rehabilitation is $5.08 per
gallon. The total cost for 523,000 gpd of wastewater capacity is
$2,656,840.00.
NOW, THEREFORE, in consideration of the mutual agreements set forth herein, it
is understood and agreed by Microchip and the City as follows:
1. Microchip shall pay to City the nonrefundable sum of Two Million Six
Hundred Fifty Six Thousand Eight Hundred Forty and no/100 Dollars
($2,656,840.00) for the additional wastewater treatment and transmission
capacity needed.
2. Tempe will not assess any other wastewater development fees for Microchip's
current expansion, with the exception of any costs or charges associated
with industrial pretreatment program requirements as enforced by its
Environmental Services Division.
3. The sum of $2,656,840.00 is due and payable from Microchip to the City
within thirty (30) days after the City Council has approved this Addendum
to Development Agreement C97-141.
4. After Tempe receives the payment identified above, the City shall undertake
all necessary measures during Microchip's ramping up of its wastewater
discharge, and when the facility reaches full capacity of 1.2 mgd, to
ensure full compliance with the terms and conditions of this Addendum.
Microchip's projected wastewater discharge volumes total: 0.78 mgd in June
2000, 1.01 mgd in January 2001, .95 mgd in June 2001, 1.02 mgd in January
2002, and 1.2 mgd in June 2002. Tempe represents that it can accommodate
the proposed discharge to the City's sanitary sewer system.
5. All other terms and conditions of the original Development Agreement and
the First Amendment thereto shall remain in full force and effect and shall
not be modified by this Addendum.
6. A copy of this Addendum to Development Agreement shall be recorded in the
records of the Maricopa County Recorder within ten (10) days after the
execution by the parties as required in paragraph 12.18 of the Development
Agreement and State statute.
IN WITNESS WHEREOF, City has caused this Addendum to Development Agreement to be
duly executed in its name and on its behalf by its Mayor and its seal to be duly
affixed hereto and attested by its City Clerk, and Microchip has signed the same
as of the day and year written above.
ATTEST: CITY OF TEMPE, ARIZONA
By: /s/ ▇▇▇▇▇ ▇▇▇▇▇ /s/ ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇
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CITY CLERK MAYOR
APPROVED AS TO FORM:
/s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇▇
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DEP. TEMPE CITY ATTORNEY
STATE OF ARIZONA
County of Maricopa
The foregoing Addendum to Development Agreement was acknowledged before me
this 16th day of May, 2000, by ▇▇▇▇ ▇. ▇▇▇▇▇▇▇▇, Mayor of the City of Tempe,
Arizona, an Arizona municipal corporation, on behalf of the corporation.
My Commission Expires: /s/ ▇▇▇ ▇▇▇▇▇▇
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Notary Public
▇▇▇ ▇▇▇▇▇▇
Notary Public - Arizona
Maricopa County
My Comm. Expires May 31, 2001
MICROCHIP TECHNOLOGY INC.
By: /s/ ▇. ▇. ▇▇▇▇▇
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Its: V.P. Site Services and Facilities
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STATE OF ARIZONA
County of Maricopa
The foregoing Addendum to Development Agreement was acknowledged before me
this 28th day of April, 2000, by ▇. ▇. ▇▇▇▇▇, ___________________ of Microchip
Technology Inc., on behalf of the corporation.
My Commission Expires: /s/ ▇▇▇▇▇ ▇. ▇▇▇▇▇▇
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Notary Public
Official Seal
▇▇▇▇▇ ▇. ▇▇▇▇▇▇
Notary Public - State of Arizona
MARICOPA COUNTY
My Comm. Expires Aug. 7, 2000