City of Maricopa - File #: CON 20-15

• File #: CON 20-15
• Version: 1
• Name: Santa Cruz Land Development PSA
• Type: Contract
• Status: Passed
• File created: 10/13/2020
• In control: City Council Regular Meeting
• On agenda: 10/27/2020
• Final action: 10/27/2020
• Title: The Mayor and City Council shall discuss and possibly take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Santa Cruz Land Development, LLC for the purchase approximately 79 acres of real property generally located south of State Route 238 between W. Edison Road and N. Green Road for an approximate purchase price of $5,161,880.70. Discussion and Action.

Date	Ver.	Action By	Action	Result
10/27/2020	1	City Council Regular Meeting	Approved	Pass

TITLE

The Mayor and City Council shall discuss and possibly take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Santa Cruz Land Development, LLC for the purchase approximately 79 acres of real property generally located south of State Route 238 between W. Edison Road and N. Green Road for an approximate purchase price of $5,161,880.70.  Discussion and Action.

AGENDA ITEM DESCRIPTION

The City desires to purchase approximately 79 acres of real property generally located south of State Route 238 between W. Edison Road and N. Green Road .  This purchase will assist with the development of the City's Heritage District

STAFF RECOMMENDATION

Staff recommend approval of the ratification of the Purchase and Sale Agreement and Escrow Instructions with Santa Cruz Land Development, LLC.