File #: CON 22-24    Version: 1 Name: PSA Meritage Homes of Arizona Inc. 11.37 Acres
Type: Contract Status: Passed
File created: 8/25/2022 In control: City Council Regular Meeting
On agenda: 9/6/2022 Final action: 9/6/2022
Title: The Mayor and City Council shall discuss and take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Meritage Homes of Arizona, Inc., for the sale of approximately 11.37 acres of real property generally located north of W SR 238 and west of N Green Rd, for an approximate purchase price of $895,387.50 which represents $78,750.00 per acre, and authorizing the City Manager to execute the agreement, any future amendments to extend closing and any other necessary closing documents related to this agreement. Discussion and Action.
Attachments: 1. Contract, 2. Map Exhibit

TITLE

The Mayor and City Council shall discuss and take action to ratify a Purchase and Sale Agreement and Escrow Instructions with Meritage Homes of Arizona, Inc., for the sale of approximately 11.37 acres of real property generally located north of W SR 238 and west of N Green Rd, for an approximate purchase price of $895,387.50 which represents $78,750.00 per acre, and authorizing the City Manager to execute the agreement, 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 sell approximately 11.37 acres of real property generally located north of W SR 238 and west of N Green Rd.

 

 

STAFF RECOMMENDATION

Staff recommends the ratification of the Purchase and Sale Agreement and Escrow Instructions with Meritage Homes of Arizona, Inc., and authorizing the City Manager to execute the agreement, any future amendments to extend closing and any other necessary closing documents related to this agreement.