Title
Authorization to Sell City-owned Properties Identified as Excess Real Property Inventory (Ordinance S-49641)
Description
Request to authorize the City Manager, or his designee, to sell City-owned properties identified by the Aviation Department as excess real property inventory by special warranty deed. Further request to authorize the City Treasurer to accept all funds related to this item.
Report
Summary
The excess properties to be sold include five Maricopa County Assessor Parcel Numbers (APN) totaling approximately 452.78 acres of land along Litchfield Road between Olive and Peoria avenues. The land was originally acquired in a three-way swap involving the Aviation Department, the City of Surprise, and a private party in 1999.
The properties to be sold are located outside of the City and are identified by address or location and APN as follows:
1) 9801 N. Litchfield Road, 501-43-012C
2) East of N. Litchfield Road, south of Peoria Avenue, 501-43-013A
3) Southeast corner of Peoria Avenue and Litchfield Road, 501-43-013C
4) Along the east side of Litchfield Road between Olive and Peoria avenues, 501-43-013D
5) 9816 N. Litchfield Road, 501-43-023A
The properties will be advertised on the open market through a City-contracted broker at market value to be determined by an appraisal or other valuation method accepted by the Finance Department's Real Estate Division. Further request authorization to negotiate with offeror(s) in order to yield the highest dollar return to the City, as deemed acceptable by the City Manager or his designee. The City Manager, or his designee, will select the highest responsive and responsible offer for each property based upon market value, and enter into an Agreement for the Purchase and Sale of City-owned property, containing terms and conditions deemed necessary and appropriate by the City. The subsequent fee simple conveyance will be by special warranty deed.
Financial Impact
Revenue will be reflective of the market value of each property.
Concurrence/Previous Council Action
The Transportation, Infrastructure and Planning Subcommittee reviewed this item on Jan. 18, 2023.
Location
Along Litchfield Road between Olive and Peoria avenues.
Council District: Outside of the City
Department
Responsible Department
This item is submitted by Deputy City Manager Mario Paniagua and the Aviation and Finance departments.