Vote — approved

Item Text

147. PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS BETWEEN MARICOPA COUNTY AND THE INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF PHOENIX Approve and execute a Purchase and Sale Agreement and Escrow Instructions for the transfer of real property located at 222 and 234 North Central Avenue, Phoenix, AZ 85004 between Maricopa County (“Seller”) and the Industrial Development Authority of the City of Phoenix (“Buyer”). The purchase price to be paid by Buyer for the Property shall be established pursuant to a mutually agreed upon appraised value within the range of thirteen million dollars ($13,000,000) and twenty-one million dollars ($21,000,000). The County Manager is authorized to sign amendments to the Purchase and Sale Agreement and Escrow Instructions that established the agreed upon purchase price within the approved price range. This action takes place in Supervisory District 5. This item was heard in the session on December 9, 2024. This agenda item requires unanimous consent of the Board of Supervisors. (C-78-25-023-X-00)

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