TITLE
The Mayor and City Council shall review and approve the First Amendment to the Purchase and Sale Agreement with Redevco Solutions, LLC a Wyoming limited liability company. (CON 24-27), related to the sale of approximately 116.06 acres of the real property in Maricopa, Pinal County, Arizona, Assessor Parcel No. 51049002B. Discussion and Action.
AGENDA ITEM DESCRIPTION
The Mayor and City Council shall review and approve the First Amendment to the Purchase and Sale Agreement with Redevco Solutions, LLC a Wyoming limited liability company. (CON 24-27), related to the sale of approximately 116.06 acres of the real property in Maricopa, Pinal County, Arizona, Assessor Parcel No. 51049002B The First Amendment includes:
1. Sale and Purchase: Section 1 of the agreement shall be deleted and replaced in its entirety with the following:
On the terms and conditions contained in this Agreement, Seller agrees to sell to Buyer and Buyer agrees to purchase from Seller approximately 116.06 acres of the real property in Maricopa, Pinal County, Arizona, Assessor Parcel No. 51049002B and legally described and depicted on Exhibit A, together with all of Seller’s rights, title and interest in and to any improvements located thereon; (a) all appurtenances, hereditaments, easements, rights-of-way, reversions, remainders, development rights, water rights and air rights; (b) all oil, gas, and mineral rights; and (c) any other rights or privileges appurtenant to such real property (collectively, the “Property”). Buyer and Seller hereby specifically acknowledge and agree that the Property does include the well located on the Property owned by the Seller and registered with the Arizona Department of Water Resources as registration number 55-612705.
2. Purchase Price: Section 3.01(a) of the Agreement shall be deleted and replaced in its entirety with the following:
Payment of One Thousand and 00/100 US Dollars ($1,000.0...
Click here for full text