File #: CON 23-18    Version: 1 Name: PSA with TTRG AZ Maricopa Honeycutt 6, LLC
Type: Contract Status: Passed
File created: 7/6/2023 In control: City Council Regular Meeting
On agenda: 7/18/2023 Final action: 7/18/2023
Title: The Mayor and City Council shall discuss and take action to ratify the Purchase and Sale Agreement and Escrow Instructions with TTRG AZ Maricopa Honeycutt 6, LLC, related to the sale of approximately 3.0 acres of real property generally located at the northeast corner of N John Wayne Parkway and W. Honeycutt Ave for $1,430,946.00 calculated using the square footage price of $10.95 per square foot and authorizing the City Manager to execute this agreement, any future amendments to extend the Closing as he deems necessary and any closing documents related thereto. Discussion and Action.
Attachments: 1. Contract

TITLE

The Mayor and City Council shall discuss and take action to ratify the Purchase and Sale Agreement and Escrow Instructions with TTRG AZ Maricopa Honeycutt 6, LLC, related to the sale of approximately 3.0 acres of real property generally located at the northeast corner of N John Wayne Parkway and W. Honeycutt Ave for $1,430,946.00 calculated using the square footage price of $10.95 per square foot and authorizing the City Manager to execute this agreement, 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 approximately 3.0 acres of real property generally located at the northeast corner of N John Wayne Parkway and W. Honeycutt Ave for $1,430,946.00 calculated using the square footage price of $10.95 per square foot.

 

STAFF RECOMMENDATION

 

Staff recommends the ratification of the Purchase and Sale Agreement and Escrow Instructions with TTRG AZ Maricopa Honeycutt 6, LLC.