TITLE
The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement and Escrow Instructions with Nico David Moric, related to the purchase of 172.60 acres of real property generally located west of N. White and Parker Road between W. Peters and Nall Road and W. Steen Road, Maricopa, Pinal County, Arizona, Assessors Parcel No. 502-43-002C, for $12,405,452.40 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 purchase 172.60 acres of real property generally located west of N. White and Parker Road between W. Peters and Nall Road and W. Steen Road, Maricopa, Pinal County, Arizona, Assessors Parcel No. 502-43-002C, for $12,405,452.40.
PRESENTER
This item will be presented by Rick Horst, Chief Economic Strategy Officer.
STAFF RECOMMENDATION
Staff recommends the approval of the Purchase and Sale Agreement and Escrow Instructions with Nico David Moric.