File #: CON 21-27    Version: 1 Name: ADOT Purchase & Sale Agreement for NAPA
Type: Contract Status: Passed
File created: 10/14/2021 In control: City Council Regular Meeting
On agenda: 11/2/2021 Final action: 11/2/2021
Title: The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement and Escrow Instructions with ADOT, Arizona Department of Transportation, to purchase approximately .796 acres of Real Property located at 19563 N Maricopa Rd for $260,000.00 and authorizing the City Manager to execute any extensions and closing documents related thereto. Discussion and Action.
Attachments: 1. Purchase Agreement, 2. Exhibit, 3. Legal Description

TITLE

The Mayor and City Council shall discuss and take action to approve the Purchase and Sale Agreement and Escrow Instructions with ADOT, Arizona Department of Transportation, to purchase approximately .796 acres of Real Property located at 19563 N Maricopa Rd for $260,000.00 and authorizing the City Manager to execute any extensions and closing documents related thereto. Discussion and Action.

 

AGENDA ITEM DESCRIPTION

ADOT acquired this property, generally located at 19563 N Maricopa Rd, from NAPA Auto in order to construct the John Wayne Parkway overpass. As this is now completed, the City now desires to purchase the empty lot of approximately .796 acres for $260,000.

 

STAFF RECOMMENDATION

Staff recommends the approval of the Purchase and Sale Agreement and Escrow Instructions with the Arizona Department of Transportation.