File #: 25-0703   
Type: Resolution Status: Agenda Ready
In control: City Council
On agenda: 9/8/2025
Title: Approving and authorizing the City Manager to enter into a ground lease, development agreement, and option to purchase agreement; and three phase-specific development agreements and real estate sales agreements between the City of Mesa and RN 1 Real Estate, LLC (aka, Culdesac) to lease and for the development and sale of approximately 25-acres of City-owned land at the southwest corner of University and Mesa Drives. (District 4) Resolution No. 12408
Attachments: 1. Council Report, 2. Resolution, 3. FINAL- Culdesac Ground Lease
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Title

Approving and authorizing the City Manager to enter into a ground lease, development agreement, and option to purchase agreement; and three phase-specific development agreements and real estate sales agreements between the City of Mesa and RN 1 Real Estate, LLC (aka, Culdesac) to lease and for the development and sale of approximately 25-acres of City-owned land at the southwest corner of University and Mesa Drives. (District 4) Resolution No. 12408