Laserfiche WebLink
4&cM + <br /> ORDINANCE NO. 5054-1594 <br /> AN ORDINANCE OF THE MAYOR AND COUNCIL OF THE CITY OF PRESCOTT, <br /> YAVAPAI COUNTY, ARIZONA, AUTHORIZING THE PURCHASE OF REAL <br /> PROPERTY FROM SUNDOG RANCH, A GENERAL PARTNERSHIP, FOR OPEN <br /> SPACE AND AUTHORIZING THE MAYOR AND STAFF TO EXECUTE ANY AND <br /> ALL DOCUMENTS TO EFFECTUATE SAID PURCHASE. <br /> RECITALS: <br /> WHEREAS, the City Council has determined that certain real property is needed <br /> by the City for open space and the acquisition of this property will be in the best <br /> interests of the health, safety and welfare of the City of Prescott; and, <br /> WHEREAS, the proposed purchase price of the property, along with the terms <br /> and conditions in the City of Prescott's ("City") standard Purchase Agreement and <br /> Escrow Instructions, is deemed to be fair and equitable. <br /> ENACTMENTS: <br /> NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF <br /> PRESCOTT AS FOLLOWS: <br /> SECTION 1. THAT the City Council hereby accepts the offer to purchase certain <br /> real property and agrees to purchase and accept said property from Sundog Ranch, a <br /> general partnership, pursuant to the terms and conditions as set forth in the City's <br /> standard Agreement for Sale of Real Property dated , 2017, for the <br /> purchase price of$2,000,000.00 (Two Million and no/100 dollars) plus closing costs. <br /> SECTION 2. THAT the Mayor and staff are directed to execute any and all <br /> documents in order to effectuate the foregoing purchase, including payment of the <br /> foregoing sum, payment of closing and other costs associated with the purchase, and <br /> recordation of the closing documents. <br /> PASSED and ADOPTED by the Mayor and Council of the City of Prescott, Arizona, on <br /> this day of , 2017. <br /> HARRY B. OBERG, Mayor <br />