LETTER OF INTENT 8-13-18.DOCX

Maricopa County — Formal (2018-08-29)

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August 29, 2018
Arizona Department of Transportation
Attn: Michael Craig, Manager, R/W Property Management
205 South 17th Avenue. MD612E
Phoenix, AZ 85007
Re: Letter of Intent to purchase APN 139-49-001M and 139-49-001Y (Facility Site 1-50)
Dear Mr. Craig:
This letter is to document Maricopa County’s intent to purchase APN 139-49-001M and 139-49-
001Y (Facility Site 1-50) from the State of Arizona.
The county intends to purchase the property for the price of One Million Three Hundred Fourteen
Thousand Nine Hundred dollars ($1,314,900.00) and agrees to close escrow on the purchase
within sixty (60) days from execution of a mutually acceptable Purchase Agreement. Maricopa
County also agrees to: (1) pay one-half (1/2) of the escrow fees and closing costs associated with
the purchase; and (2) accept an assignment of lease for the Arizona Department of Revenue’s
(ADOR) continued occupancy of a portion of the building located on APN 139-49-001M. Maricopa
County has no objection to ADOR continuing to occupy the aforementioned building through the
end of January 2019.
Please call or e-mail Michelle Colby, Maricopa County Real Estate Department Director, if you’d
like to discuss this offer further. Ms. Colby can be reached at 602-506-4748 or via e-mail at
michellecolby@mail.maricopa.gov.
Sincerely,
Steve Chucri
Chairman, Maricopa County Board of Supervisors