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RESOLUTION NO. 5827
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHANDLER,
ARIZONA, AUTHORIZING THE ACQUISITION OF APPROXIMATELY 0.88
ACRES (38,333 SQUARE FEET) OF VACANT LAND LOCATED AT THE
NORTHWEST CORNER OF RAY ROAD AND PLEASANT DRIVE FROM
HRM CSOK LLC FOR FIVE HUNDRED THOUSAND AND NO/100THS
($500,000.00)
DOLLARS,
PLUS
CLOSING
COSTS,
PHASE
1
ENVIRONMENTAL SITE ASSESSMENT, ESCROW FEES, AND OTHER
CUSTOMARY
RELATED
OR
INVESTIGATIVE
COSTS;
AND
AUTHORIZING THE CITY’S REAL ESTATE ADMINISTRATOR TO SIGN
THE PURCHASE AGREEMENT, AND ANY OTHER DOCUMENTS
NECESSARY TO FACILITATE THIS ACQUISITION.
WHEREAS, the City of Chandler (“City”) owns approximately 1.09 acres of land at the
northeast corner of Alma School Road and Ray Road; and
WHEREAS, HRM CSOK LLC, an Idaho limited liability company, owns approximately 0.88
acres of vacant adjacent land that they are willing to sell to the City for Five Hundred Thousand
and no/100ths ($500,000.00) Dollars, plus closing costs and escrow fees; and
WHEREAS, the acquisition of this property will enhance the ability to develop and sell the
existing City-owned property.
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Chandler,
Arizona, as follows:
Section 1.
Determines that the acquisition of approximately 0.88 acres of land at the
northwest corner of Ray Road and Pleasant Drive as described in Exhibit “A”
attached hereto and made a part hereof, will benefit the City of Chandler.
Section 2. Authorizes and directs the City Manager or designee to purchase the
approximately 0.88 acres of land described in Exhibit “A” for Five Hundred
Thousand ($500,000.00) Dollars, plus closing costs, Phase I Environmental Site
Assessment costs, escrow fees, and other customary related or investigative costs.
The purchase agreement shall be in a form approved by the Chandler City
Attorney prior to being deposited into escrow.
Section 3.
Authorizes, subject to Section 2 above, the City’s Real Estate Administrator
(“Administrator”), any city real estate officer acting on the Administrator’s behalf,
or any retained right-of-way consultant acting at the direction of the
Administrator, to make the written offer for said real property and, when accepted,
to execute, deliver and deposit into escrow as required, the approved purchase
agreement along with all other documents and instructions necessary to
consummate the purchase of said real property.
Resolution 5827
Page 2
PASSED AND ADOPTED by the City Council this __________day of _______________,
2024.
ATTEST:
___________________________
__________________________
CITY CLERK
MAYOR
CERTIFICATION
I HEREBY CERTIFY that the above and foregoing Resolution No. 5827 was duly passed and
adopted by the City Council of the City of Chandler, Arizona, at a regular meeting held on the
_____ day of _________________, 2024, and that a quorum was present thereat.
____________________________
CITY CLERK
APPROVED AS TO FORM:
__________________________
CITY ATTORNEY
EXHIBIT “A”