File #: CON 25-09    Version: 1 Name: PSA with Northrim Elevate Holdings, LLC
Type: Contract Status: Consent Agenda
File created: 3/17/2025 In control: City Council Regular Meeting
On agenda: 4/1/2025 Final action:
Title: The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with Northrim Elevate Holdings, LLC, an Arizona limited liability company, related to the sale of approximately 2.06 acres of the real property generally located west of the southwest corner of N Alterra Parkway and State Route 347, Maricopa, Pinal County, Arizona, Assessor Parcel No. 510-27-016V for $897,336.00 and authorizing the City Manager to execute the Agreement and any future amendments to extend the Closing as he deems necessary and any closing documents related thereto.  Discussion and Action. 
Sponsors: Joshua Bowman
Attachments: 1. Contract
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TITLE

The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with Northrim Elevate Holdings, LLC, an Arizona limited liability company, related to the sale of approximately 2.06 acres of the real property generally located west of the southwest corner of N Alterra Parkway and State Route 347, Maricopa, Pinal County, Arizona, Assessor Parcel No. 510-27-016V for $897,336.00 and authorizing the City Manager to execute the Agreement and any future amendments to extend the Closing as he deems necessary and any closing documents related thereto.  Discussion and Action. 

 

AGENDA ITEM DESCRIPTION

Sale of approximately 2.06 acres of the real property generally located west of the southwest corner of N Alterra Parkway and State Route 347, Maricopa, Pinal County, Arizona, Assessor Parcel No. 510-27-016V for $897,336.00.

 

PRESENTER

This item will be presented by Josh Bowman, Chief Strategy Officer.

 

STAFF RECOMMENDATION

Staff recommends the approval of the Purchase and Sale Agreement and Escrow Instructions with Northrim Elevate Holdings, LLC. an Arizona limited liability company.