TITLE
The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with Redevco Solutions, LLC, a Wyoming limited liability company, related to the sale of approximately 563.94 acres of real property generally located south of Maricopa Casa Grande Highway between W Steen Road and Fuqua Road in Maricopa, Pinal County, Arizona, Assessor Parcel No. 50242002B, 51049002A, 50243003B, 50243001H, 50243001S, and 50206009A and a portion of 50206009F, for $58,035,347.40 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
Approximately 563.94 acres of real property located in Maricopa, Pinal County, Arizona, Assessor Parcel No. 50242002B, 51049002A, 50243003B, 50243001H, 50243001S, and 50206009A and a portion of 50206009F, for $58,035,347.40.
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 Redevco Solutions, LLC a Wyoming limited liability company.