Vote — approved

Steve Gallardo	yes
Jack Sellers	yes
Bill Gates	yes
Clint Hickman	yes
Steve Chucri	yes

53.PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS Approve and execute a Purchase Sale Agreement (PSA) and Escrow Instructions for the purchase of real property and improvements, located at 14130-14140 W McDowell, Goodyear, from NB – LAPIAZZA 1, LLC, a Delaware limited liability company, NB – LAPIAZZA 2, LLC, a Delaware limited liability company, NB – LAPIAZZA 3 LLC, a Delaware limited liability company, NB – LAPIAZZA 4, LLC, a Delaware limited liability company, NB – LAPIAZZA 5, LLC, a Delaware limi

Item Text

53. PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS Approve and execute a Purchase Sale Agreement (PSA) and Escrow Instructions for the purchase of real property and improvements, located at 14130-14140 W McDowell, Goodyear, from NB – LAPIAZZA 1, LLC, a Delaware limited liability company, NB – LAPIAZZA 2, LLC, a Delaware limited liability company, NB – LAPIAZZA 3 LLC, a Delaware limited liability company, NB – LAPIAZZA 4, LLC, a Delaware limited liability company, NB – LAPIAZZA 5, LLC, a Delaware limited liability company, NB – LAPIAZZA 6, LLC, a Delaware limited liability company, and NB – LAPIAZZA 7, LLC, a Delaware limited liability company, and authorize the Chairman to sign all other documents required to purchase the property without further Board action provided the terms are in substantial conformance with the Additional Information set out below and are approved by legal counsel. The purchase price is five million nine hundred fifty thousand dollars ($5,950,000.00). The property is being purchased for Public Health purposes. The combined site contains approximately 4.88 acres of land, and two single-story buildings containing approximately 31,400 square feet. The County has sixty (60) days to conduct its due diligence and address any findings with the Seller, and that closing will not occur before January 5, 2022. Within ten (10) business days of Maricopa County Board of Supervisor’s execution, and Seller’s execution, of the PSA, County shall open escrow on this transaction by placing an Earnest Money Deposit in the amount of fifty thousand dollars ($50,000.00) which shall be refunded to County if County cancels this Agreement during the Inspection Period. The deposit shall be credited to County toward the purchase price at the close of escrow. This action takes place in Supervisory District 4 (C-78-22-040-X-00)

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