City of Maricopa - File #: CON 21-04

• File #: CON 21-04
• Version: 1
• Name: PSA City and Shaun Ridge, LLC.
• Type: Contract
• Status: Passed
• File created: 3/25/2021
• In control: City Council Regular Meeting
• On agenda: 4/20/2021
• Final action: 4/20/2021
• Title: The Mayor and City Council shall discuss and possibly take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Shaun Ridge, LLC, for the purchase of approximately 15.12 acres of real property for an approximate purchase price of $5,927,627.80. Discussion and Action.

Date	Ver.	Action By	Action	Result
4/20/2021	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 Shaun Ridge, LLC, for the purchase of approximately 15.12 acres of real property for an approximate purchase price of $5,927,627.80.  Discussion and Action.

AGENDA ITEM DESCRIPTION

The City desires to purchase approximately 15.12 acres of real property generally located on the Northeast corner of W Honeycutt Ave and John Wayne Pkwy. 

STAFF RECOMMENDATION

Staff recommends approval of the ratification of the Purchase and Sale Agreement and Escrow Instructions with Shaun Ridge, LLC.