Public Meeting Notice Location:
Goodyear City Hall
190 N. Litchfield Rd.

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File #: 17-6086    Version: 1 Name:
Type: Miscellaneous File Status: Agenda Ready
File created: 6/1/2017 In control: City Council Special Meeting
On agenda: 6/5/2017 Final action:
Title: APPROVING AGREEMENTS FOR SALE OF CITY PROPERTY TO RPPV VI, LLC AND TO AL ARIZONA DC, LLC AND FORM OF DOCUMENTS ATTACHED THERETO
Attachments: 1. Council Action Report, 2. Resolution 17-1813, 3. Sunbelt Purchase Agreement, 4. Offsite Escrow Agreement, 5. Aldi Purchase Agreement

Title

APPROVING AGREEMENTS FOR SALE OF CITY PROPERTY TO RPPV VI, LLC AND TO AL ARIZONA DC, LLC AND FORM OF DOCUMENTS ATTACHED THERETO

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PROPOSED ACTION:

ADOPT RESOLUTION 17-1813 APPROVING AN AGREEMENT FOR SALE AND PURCHASE OF REAL ESTATE WITH RP PV VI LLC, AND THE FORM OF AN ESCROW AGREEMENT - DEPOSIT MONEY AND AN OFFSITE ESCROW AGREEMENT ATTACHED THERETO; APPROVING AN AGREEMENT FOR SALE AND PURCHASE OF REAL ESTATE WITH AL ARIZONA DC LLC AND THE FORM OF AN OFFSITE ESCROW AGREEMENT ATTACHED THERETO; AUTHORIZING THE CITY MANAGER TO EXECUTE AND DELIVER THE TWO PURCHASE AGREEMENTS; AUTHORIZING THE CITY ATTORNEY TO MODIFY DOCUMENTS TO BE EXECUTED PURSUANT TO THE PURCHASE AGREEMENTS AS REQUIRED IN THE PURCHASE AGREEMENTS AND TO MAKE OTHER NON-SUBSTANTIVE CHANGES; AUTHORIZING BUDGET TRANSFERS ASSOCIATED WITH THE PURCHASE AGREEMENTS; AUTHORIZING CITY STAFF TO TAKE ACTIONS CONSISTENT WITH TERMS OF THE RESOLUTION AND THE PURCHASE AGREEMENTS; AND PROVIDING FOR AN EFFECTIVE DATE. (Michelle Lawrie, Economic Development Director)