File #: CON 23-31    Version: 1 Name: PSA BUNKER FAMILY FUNERAL HOME
Type: Contract Status: Passed
File created: 8/31/2023 In control: City Council Regular Meeting
On agenda: 9/19/2023 Final action: 9/19/2023
Title:  The Mayor and City Council shall discussion and take action on the Purchase and Sale Agreement and Escrow Instructions with Bunker Family Funeral Homes, Inc., related to the sale of approximately 11.34 acres of real property generally located north of SR 238 between N. Green Road and N. White Road for $350,000.00 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.
Indexes: Economic Development, Well Planned Quality Growth and Development
Attachments: 1. Contract, 2. EX A - Legal Description, 3. Ex B - Promissory Note, 4. Ex C- Deed of Trust, 5. Ex D - Notice of Reversion, 6. Ex E - AIA A312 2010_Performance Bond, 7. Ex F - Letter of Credit Form

TITLE

 The Mayor and City Council shall discussion and take action on the Purchase and Sale Agreement and Escrow Instructions with Bunker Family Funeral Homes, Inc., related to the sale of approximately 11.34 acres of real property generally located north of SR 238 between N. Green Road and N. White Road for $350,000.00 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 desire to sell approximately 11.34 acres of real property generally located north of SR 238 between N. Green Road and N. White Road for $350,000 to be developed as a cemetery. 

 

STAFF RECOMMENDATION

 

Staff recommends Mayor and Council approve the Purchase and Sale and Escrow Agreement between the City of Maricopa and Bunker Family Funeral Homes, Inc.