File #: CON 24-27    Version: 1 Name: Redevco PSA 51049002B
Type: Contract Status: Approved
File created: 10/10/2024 In control: City Council Special Meeting
On agenda: 11/4/2024 Final action: 11/4/2024
Title: The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with Redevco Solutions, LLC, related to the sale of approximately 116.06 acres of the real property in Maricopa, Pinal County, Arizona, Assessor Parcel No. 51049002B, for $11,943,792.60 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. 
Sponsors: Rick Horst
Attachments: 1. Contract

TITLE

The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with Redevco Solutions, LLC, related to the sale of approximately 116.06 acres of the real property in Maricopa, Pinal County, Arizona, Assessor Parcel No. 51049002B, for $11,943,792.60 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

116.06 acres of the real property in Maricopa, Pinal County, Arizona, Assessor Parcel No. 51049002B, for $11,943,792.60.  

PRESENTER

This item will be presented by Joshua Bowman.

 

STAFF RECOMMENDATION

Staff recommends the approval of the Purchase and Sale Agreement and Escrow Instructions with Redecvo Solutions, LLC.