TITLE
The Mayor and City Council shall discuss and take action to ratify the Purchase and Sale Agreement with The Paces Foundation, Inc, related to the sale of 4.00 acres of real property generally located south of W. Bowlin Rd between N. White and Parker Rd and N. High Lonesome Dr., Maricopa, Pinal County, Arizona, a portion of Assessor Parcel No. 502-03-012P, for $1,132,560.00 and authorizing the City Manager to execute any future amendments to extend the Closing as he deems necessary and any closing documents related thereto. Discussion and Action.
AGENDA ITEM DESCRIPTION
The City desires to sell 4.00 acres of real property generally located between south of W. Bowlin Rd between N. White and Parker Rd and N. High Lonesome Dr., Maricopa, Pinal County, Arizona, a portion of Assessor Parcel No. 502-03-012P, for $1,132,560.00.
PRESENTER
This item will be presented by Rick Horst, Chief Strategy Officer.
STAFF RECOMMENDATION
Staff recommends the approval of the Purchase and Sale Agreement and Escrow Instructions with The Paces Foundation, Inc.