FINANCIAL_SERVICESAPPROVED

City of Chandler Awards Financial Services Contract to Intel Corporation (August 2026)

The Chandler Industrial Development Authority is extending through August 13, 2027 its preliminary approval to issue up to $700 million in Revenue Bonds for Intel Corporation or its affiliates. Resolution 2026-03 also waives a $500 extension fee while Intel continues project work and positions for future tax-exempt financing.

Status
APPROVED
Document date
August 11, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Intel Corporation
Agency
City of Chandler · AZ

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Derivita logo
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Scope & details

The full contract record, as filed.

Contract amount
Not to exceed $700,000,000
Contract type
FINANCIAL_SERVICES
Contract term
Preliminary bond approval extended through August 13, 2027 (one-year extension)
Renewal date
2027-08-13
Renewal
Third one-year extension of preliminary bond approval following prior extensions through August 13, 2025 and August 13, 2026; extension fee of $500 is waived under Resolution 2026-03. Final bond issuance remains pending future volume cap allocation and Intel’s financing plans.
Document type
AgendaPacket
Source document
Chandler Industrial Development Authority Agenda Packet 2026-08-11

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Chandler?

Intel Corporation was awarded this financial services contract by City of Chandler, as recorded on August 11, 2026. The contract value is Not to exceed $700,000,000.

How much is the Intel Corporation contract with City of Chandler worth?

The Intel Corporation contract with City of Chandler is valued at Not to exceed $700,000,000, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record, structured as a not-to-exceed (ceiling) agreement.

Where was this contract approved?

This contract appears in Chandler Industrial Development Authority Agenda Packet 2026-08-11 (AgendaPacket), dated August 11, 2026 from City of Chandler. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Intel Corporation hold?

Intel Corporation may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Intel Corporation's profile

What is City of Chandler currently buying?

Explore City of Chandler's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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