File #: CON 22-10    Version: 1 Name: Maricopa 30 LLC PSA 11.73 acres
Type: Contract Status: Passed
File created: 3/8/2022 In control: City Council Regular Meeting
On agenda: 4/5/2022 Final action: 4/5/2022
Title: The Mayor and City Council shall discuss and take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Maricopa 30, LLC, for the purchase of approximately 11.73 acres of real property generally located west of the southwest corner of N White and Parker Rd and W Honeycutt Rd, for an approximate purchase price of $3,321,234.00, and authorizing the City Manager to execute any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.
Attachments: 1. Contract

TITLE

The Mayor and City Council shall discuss and take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Maricopa 30, LLC, for the purchase of approximately 11.73 acres of real property generally located west of the southwest corner of N White and Parker Rd and W Honeycutt Rd, for an approximate purchase price of $3,321,234.00, and authorizing the City Manager to execute any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.

 

AGENDA ITEM DESCRIPTION

The City desires to purchase approximately 11.73 acres of real property generally located west of the southwest corner of N White and Parker Rd and W Honeycutt Rd.

 

 

STAFF RECOMMENDATION

Staff recommends approval of the ratification of the Purchase and Sale Agreement and Escrow Instructions with Maricopa 30, LLC, and authorizing the City Manager to execute any future amendments to extend closing and any other necessary closing documents related to this agreement.