TITLE
The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement with Miravest Inc, a Washington corporation, related to the sale of approximately 4.22 acres of real property generally located on the Southeast corner of W Edison Road and N Wilson Ave, Maricopa, Pinal County, Arizona, portion of Assessor Parcel No. 510-19-2130, for $1,450,000.00 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
Sale of approximately 4.22 acres of real property generally located on the Southeast corner of W Edison Road and N Wilson Ave, Maricopa, Pinal County, Arizona, portion of Assessor Parcel No. 510-19-2130, for $1,450,000.00.
This property was originally purchased in 2020. The original purchase price was $4sqft for a total of $735,292.
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 Miravest Inc, a Washington corporation