Sale of Real Property by Sealed Bid – 109 Aero – Due by: September 24, 2026 at 4:30 P.M.

NOTICE OF SALE OF REAL PROPERTY BY SEALED BID
Pursuant to 32.036(B) of the Page City Code, notice is hereby given that the City of Page will sell real
property known as 109 Aero, Page, AZ, parcel 80041003 more particularly described as:
Subdivision: LAKE POWELL EST UNIT 05 Lot: 3 Sixteenth: SW Quarter: SW Section: 29
Township: 41N Range: 09E
Sealed bids will be received by the City Clerk for the City of Page, Page City Hall, 697 Vista Avenue, Page,
Arizona until 4:30 p.m. on September 24, 2026. The minimum acceptable bid for the property shall be
$52,500, plus City incurred costs, including but not limited to the appraisal and title fees. Sealed bids
shall be accompanied by a cashier's check payable to the city for 10% of the bid which check will be
returned to the bidder if unsuccessful. Sale shall be made to the highest bidder, but the City shall have
the right to reject any and all bids. A purchase agreement for the property shall be prepared by the City
to set forth the terms and conditions of the sale. The successful bidder will sign said agreement after the
bid is awarded. Property sold "as is" without expressed or implied warranties of any kind.
Publish September 2nd, 9th, and 16th.

Bid Agreement Form
(Must be completed and included with Bid Sheet)
I, ___________________________________________ (the Buyer), agree to purchase the property for
which I have entered bid amounts in the "Bid Amount" column below. I certify that I am at least 18
years of age, and that I have physically inspected the property offered to my satisfaction. I understand
that by bidding, I am making an enforceable offer to contract for the property, and I am agreeing to buy
the property in an "AS IS, WHERE IS" CONDITION AND THAT THERE IS NO GUARANTEE OR
WARRANTY, EITHER EXPRESS OR IMPLIED.
My signature below certifies that I have read this statement and agree to all terms and conditions of sale
contained or referenced in this agreement. If I do not comply with the bidding requirements, my bid will
get rejected. If I fail to honor the purchase of these items, I acknowledge that the City of Page may
pursue legal remedies. THE CITY OF PAGE MAKES NO WARRANTY, EXPRESS OR IMPLIED, AS
TO THE QUALITY CHARACTER, SIZE, OR DESCRIPTION OF THE PROPERTY OFFERED, OR
ITS FITNESS FOR ANY USE OR PURPOSE. Refunds or exchanges are not allowed and will not be
considered.
BID SUBMITTAL: The Bid Agreement and Bid Sheet must be signed by an authorized signatory of the
bidder and be delivered together by mail or in person in a sealed envelope no later than 4:00 p.m. on
September 24, 2026, to the City Clerk's Office, 697 Vista Avenue, P.O. Box 1180, Page, Arizona 86040.
The bidder must write "BID SUBMISSION" on the outside envelope along with bidder's name and
address. Bids sent through Federal Express or other express mail agencies must have the bid documents
sealed within an additional envelope inside the outer mailer. Sealed bids shall be accompanied by a
cashier's check payable to the City of Page for 10% of the bid which check will be returned to the bidder
if unsuccessful.
BID OPENING: Bids will be opened on September 24, 2026, at 4:30 p.m. Bidders may be present but
are not required to be. Successful bidders will be notified by telephone or email.
PURCHASE AGREEMENT: A purchase agreement will be prepared by the City to set forth the terms
and conditions of the sale. The successful bidder will sign said agreement after the bid is awarded. A
sample purchase agreement is included in the bid documents that generally sets forth the purchase terms.
I CERTIFY THAT I HAVE READ this bid solicitation document carefully and agree to abide by all the
terms and conditions contained or referenced herein:
_______________________________________ ___________________________
Print Name Telephone
______________________________________ ___________________________
Signature Date
______________________________________ ____________________________
Address Email

Bid Sheet
(Must be completed and included with the Bid Agreement Form)
MINIMUM BID MUST BE AT LEAST $52,500.00
Property Address for bid:____________________________________________
Bid Amount: $_______________________________
_______________________________________ ___________________________
Print Name Telephone
______________________________________ ___________________________
Signature Date
______________________________________ ____________________________
Address Email

AGREEMENT FOR THE PURCHASE
OF REAL ESTATE
BY THIS AGREEMENT, the parties hereto declare, covenant and agree as follows:
1. Definitions.
The following terms are hereby defined for purposes of this Agreement and shall
be given the stated meanings unless the context requires otherwise:
Seller: CITY OF PAGE
City Hall
P.O. Box 1180
Page, Arizona 86040
Telephone: (928) 645-8861
Buyer: ------------------------------------------------
Telephone:
Escrow
Agent: PIONEER TITLE AGENCY, INC.
809 North Navajo
P. O. Box 508
Page, Arizona 86040
Telephone: (928) 645-0064
Date of this
Agreement: The _______ day of ______________________________, 2026.
Property: A portion of that certain real property located in the City of Page, Coconino
County, Arizona, identified as Coconino County Assessor's Map Parcel No:
---------------------------------------, more particularly described as:
See Exhibit A
Purchase
Price: The Purchase Price for the Property shall be -----------------------------------
as appraised on ------------------------------ (see Exhibit B), plus Buyer shall
also pay all costs including appraisal fees, escrow fees, title fees,
recording fees, and Seller's legal publication costs incurred herein.
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Closing
Date: The Closing Date shall be that date which is the latter of (a) the land sale
ordinance becoming operative pursuant to A.R.S. 19-142(B) (i.e. thirty
(30) days after adoption of the land sale ordinance by City Council
without referendum filing); or (b) thirty (30) days after any required
referendum vote approving this transaction; or not later than sixty (60)
days following satisfaction or waiver of the Conditions to Closing
contained in Section 8. However, the Closing Date shall not extend
beyond -------------------------------, unless agreed to in writing by the
parties. See, paragraph 10 for further provisions concerning the Closing
Date and definition of "closing" and "close of escrow".
2. Purchase and Sale of Property. Subject to and upon the terms, provisions and
conditions set forth herein, Seller agrees to sell and Buyer agrees to purchase the entire
right, title and interest of Seller in and to the Property for the Purchase Price.
3. Purchase Price.
3.1 The Purchase Price shall be payable by Buyer in lawful currency of the
United States.
3.2 Upon Buyer's execution hereof, Buyer shall deposit -------------------------- with
Escrow Agent as earnest money hereunder. All earnest money deposited shall be
credited at the Closing Date toward the Purchase Price.
3.3 On or before the Closing Date, Buyer shall tender to Seller one hundred
percent (100%) of the purchase price.
3.4 The funds deposited pursuant to Paragraph 3.2, above, shall be invested by
Escrow Agent with a federally insured commercial bank or savings institution in such
savings accounts, certificates of deposit or similar investments as Buyer shall direct
from time to time, provided that any and all such funds be available and disbursed when
required by the terms of this Agreement. All earnings on such invested funds shall be
paid to the party entitled hereunder to receive the principal of such funds, and, upon
payment to Seller, shall be credited towards the Purchase Price.
4. Information/Delivery Items.
4.1 Title Report: Seller shall provide Buyer with a preliminary title report or
commitment for title insurance.
4.2 Entry on Property: Buyer and its authorized representatives and agents
have been provided access to the Property for the purpose of making such
examinations, test investigations, surveys, inquiries or other inspections including, but
not limited to, hydrological, topographical, traffic and engineering studies and reports,
tests, borings and analysis of the soils and water (including subsurface conditions),
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investigation of the availability and quality of access, utilities, water and sewer to the
Property, and to otherwise inspect the general condition of the Property as may be
necessary to satisfy Buyer that the Property is suitable for Buyer's intended
development. The cost of all such examinations or investigations is the responsibility of
Buyer. Buyer shall indemnify and hold Seller harmless from and against any and all
loss, cost, damage, injury, or expense arising out of or related to claims of injury to
persons or property, or claims of lien for work or labor performed, or materials or
supplies furnished as a result of the exercise of Buyer's right of entry hereunder.
4.3 Licenses and Permits: Seller shall, within ten (10) days of the date of
request, make available at Buyer's request true and correct copies of all presently
existing licenses, permits, certificates of occupancy and other documents issued by any
governmental or nongovernmental entity to the Seller necessary for the use of the
Property for its present uses.
5. Contingencies.
5.1 Buyer's obligation to consummate the purchase of the Property and to close
escrow is conditioned upon the acceptance or waiver (subject to the provisions set forth
below) of the title report. Buyer must provide written notice to Seller within thirty (30)
days of the release of the title report of any discrepancy or disapproval. Buyer shall
permit Seller an additional forty-five (45) day period to cure Buyer's objections,
whereupon Seller shall undertake in good faith and utilize its best efforts to take all
action necessary to cure same. If Buyer's objections are not cured to Buyer's
satisfaction prior to expiration of the period permitted by this paragraph, Buyer may
either (a) cancel and terminate this Agreement or (b) waive any remaining objections
and approve the condition of title to the Property as then existing. If Escrow Agent
issues any amended preliminary reports or commitments for title insurance, Buyer shall
have a period of twenty (20) days after receipt of the same to object to any matter not
appearing in prior reports or commitments and shall have the same options as provided
above with respect to objections to the original report. Seller shall use its best efforts to
cure any objections Buyer has with respect to the condition of title.
5.2 It is acknowledged that the contingencies set forth in Paragraph 5.1 are for
the exclusive benefit of Buyer, and Buyer may elect to waive any such contingency
reserved for its benefit and proceed to consummate the transaction contemplated
hereby, unless this Agreement has been terminated according to the terms hereof. Any
such waiver shall be executed in writing and deposited with Escrow Agent or Seller.
5.3 If all of the contingencies set forth in paragraph 5.1 have not been satisfied
or waived in writing within the period provided in paragraph 5.1, this Agreement may be
terminated by Buyer, and the earnest money shall be returned to Buyer and the parties
shall have no further obligation hereunder.
6. Obligations, Representations and Warranties.
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6.1 Seller hereby agrees to diligently undertake the performance of all obligations
of Seller contained in this paragraph and makes the representations and warranties set
forth herein:
(a) Seller will comply with all provisions of Paragraph 4, above;
(b) Prior to the Closing Date, assuming all necessary governmental
approvals have been obtained and all terms of this Agreement have been fulfilled, Seller
shall deposit with Escrow Agent a Deed and related Affidavit of Real Property Value (if
needed), duly executed by Seller in proper form for recording;
(c) All risk of loss is Seller's until the Property is conveyed to Buyer in
accordance herewith. In the event of material loss or damage to the Property, Buyer
may cancel and terminate this Agreement and receive a refund of all earnest Money
deposited;
(d) No default or breach exists under any covenant, condition,
restriction, right-of-way or easement affecting the Property, or any portion thereof, which
is to be performed or complied with by the owner of the Property, and Seller has no
knowledge of any fact or condition which would constitute such default or breach;
(e) No actions, suits, proceedings or investigations are pending or, to
the knowledge of Seller, threatened against or relating to the Property in any court or
before any governmental department or agency, and Seller has no knowledge of any
basis for any such action, suit, proceeding or investigation;
(f) No person, firm, or other entity has any right or option to acquire
the Property or any portion thereof or any interest therein, superior to the rights of Buyer
herein, and Seller will take no action prior to the close of escrow hereunder which will
adversely affect the rights of Buyer hereunder or adversely affect the ability of Seller to
perform hereunder, provided, however, Seller and Buyer understand that the effective-
ness of this Agreement may be determined by a referendum vote, provisions of the
Page City Code pertaining to land sales, and subject to the provisions of Paragraph 8.4;
(g) The Property will be conveyed and exclusive possession thereof
delivered by Seller to Buyer at the close of escrow in the same condition it is in as of the
date of Buyer's execution of this Agreement, natural wear and tear and Buyer's testing
excepted;
(h) There are not, and shall not be at closing, any leases or rental
agreements affecting the Property, not previously disclosed in writing, or any rights of
possession thereof;
(i) No work has been performed or is in progress at, and no materials
have been furnished to, the Property or any portion thereof which, though not currently
the subject of a lien, might give rise to mechanics', materialmens' or other liens against
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Seller's interest in the Property or any portion thereof or any improvements hereafter
erected thereon;
(j) No hazardous wastes or substances have been knowingly dumped,
deposited or buried on the Property by the Seller or any of its agents or employees after
1975;
(k) The representations of Seller contained herein are and will be true
and correct as of the Closing Date, and Seller will have duly performed all of the
covenants, agreements and conditions required by this Agreement to be performed,
observed and complied with by Seller in order to consummate the transaction
contemplated hereby on or before the Closing Date. Seller covenants that it will advise
Buyer, in writing, on or before the Closing Date, of any change in any representation or
warranty set forth in this paragraph. In the event of any material or substantive change
in the representations or warranties prior to the close of escrow, Buyer, in addition to all
other rights and remedies, shall be entitled to terminate this Agreement and receive a
refund of all earnest money deposits pursuant hereto.
6.2 Buyer hereby represents and warrants that Buyer will have performed,
observed, and complied with all of the covenants, agreements and conditions required
by this Agreement to be performed, observed and complied with by Buyer including,
without limitation, payment of all funds required to be paid by Buyer on or before the
Closing Date, and will execute and deliver all documents required to be executed and
delivered by Buyer in order to consummate the transaction contemplated hereby on or
before the Closing Date.
6.3 Buyer acknowledges and agrees that Buyer is purchasing the Property in
"As-Is" condition without expressed or implied warranties of any kind, and that Buyer is
relying wholly on Buyer's own judgment with respect to the suitability and condition of
the Property.
7. Conditions of Sale.
7.1 Seller makes no representation or warranty with respect to access to and
from adjoining streets.
7.2 Buyer acknowledges that all required on and off-site improvements to the
property shall be made by the Buyer and at Buyer's sole expense including, but not
limited to, the costs of extending infrastructure (e.g., roadway, water, sewer, electric,
telephone, and cable).
7.3 Buyer acknowledges that it is familiar with and understands that the
purchased property is subject to use and development restrictions imposed by the City
of Page General Plan, the General Development and Subdivision Regulations, City of
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Page Zoning Ordinance, the Gateway Area Specific Development Plan, City of Page
adopted building codes, and other applicable state and federal laws.
8. Conditions to Closing.
8.1 Buyer's purchase of the Property and closing of the transaction
contemplated hereby is conditioned upon and subject to:
(a) Satisfaction or waiver of all contingencies set forth in Paragraph 5.1.
(b) Performance of all obligations of Seller set forth in Paragraph 6.1.
(c) Issuance by Pioneer Title or the licensed insurer for which it is agent to or
for the benefit of Buyer of an owner's title insurance policy showing fee simple title to the
Property in Buyer subject only to those printed exceptions customarily contained in such
policies and those encumbrances, restrictions, reservations, exceptions, stipulations,
conditions and requirements approved by Buyer pursuant to Paragraph 5.1.
The foregoing conditions are solely for the benefit of Buyer. At any time or times on or
before the date for the satisfaction or waiver of each condition, at Buyer's election in its
sole and absolute discretion, Buyer may waive any of the foregoing conditions by
written notice to Seller. In the event any of the foregoing conditions or other conditions
to this Agreement which are for the benefit of Buyer are neither fulfilled nor waived in
writing by Buyer within the time provided in this Agreement, Buyer, at its election in its
sole and absolute discretion, by written notice to Seller, may terminate this Agreement,
receive Buyer's earnest money less Seller's publication costs, and be released from all
obligations under this Agreement except to the extent such obligations expressly
survive termination of this Agreement.
8.2 Seller's obligation to sell the Property shall be conditioned expressly upon
the fulfillment to Seller's satisfaction (as determined by Seller in its sole and absolute
discretion) of each of the following conditions precedent within the time periods
specified in this Agreement:
(a) Performance of all obligations of the Buyer set forth in Paragraph 6.2.
(b) Satisfaction of any city ordinance pertaining to this transaction including,
without limitation, an approval by the voters of the City of Page pursuant to any
referendum vote required to approve this transaction.
The foregoing conditions are solely for the benefit of Seller. At any time or times on or
before the date for the satisfaction or waiver of each condition, at Seller's election in its
sole and absolute discretion, Seller may waive any of the foregoing conditions by written
notice to Buyer. In the event any of the foregoing conditions or other conditions to this
Agreement which are for the benefit of Seller are neither fulfilled nor waived in writing by
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Seller within the time provided in this Agreement, Seller, at its election in its sole and
absolute discretion, by written notice to Buyer, may terminate this Agreement and be
released from all obligations under this Agreement except to the extent such obligations
expressly survive termination of this Agreement. In the event of termination pursuant to
this Paragraph 8.2, the earnest money shall be returned to Buyer.
8.3 Each party shall exercise commercially reasonable diligence in an effort to
satisfy the Closing Conditions as expeditiously as possible after the date of this
Agreement. Each party shall cooperate with the other party in the other party's efforts
with respect to the satisfaction of the conditions.
8.4 The parties acknowledge and agree that Seller has executed this
Agreement in its proprietary capacity as owner of the Property, and that nothing in this
Agreement binds or otherwise obligates the City of Page in the exercise of its regulatory
authority. Specifically, and without limiting the foregoing, nothing in this Agreement
obligates the Page Planning Commission or the Page City Council to approve any
development plans or other requests, or obligates City staff as to their analyses, reports,
recommendations or any other staff functions or duties relating to the proposed project.
9. Failure to Close/Earnest Money.
9.1 In the event Buyer terminates this Agreement as elsewhere expressly
authorized, all earnest money deposited hereunder shall be returned to Buyer less
publication costs incurred by Seller, and this Agreement shall thereupon be deemed
void and of no further force or effect.
9.2 In the event Seller refuses, fails, or is unable to satisfy its obligations
hereunder, the sole remedy of Buyer is the return of earnest money deposited
hereunder. This Agreement and the escrow established hereby shall be terminated. In
such event any earnings gained on the earnest money deposit, as provided under
Paragraph 3.4, shall be delivered to Buyer.
9.3 In the event all contingencies or conditions to closing reserved for Seller's
benefit have been satisfied or waived and Seller has tendered complete performance on
or before the Closing Date, and Buyer is not entitled to terminate this Agreement, but
Buyer nevertheless refuses or fails to close the transaction contemplated hereby in
accordance with the terms of this Agreement, then Seller shall make a written demand
of Buyer to perform and close this Agreement. If Buyer does not do so within five (5)
days after receipt of such demand, this Agreement shall be deemed breached, and
Seller may elect one or more of the following remedies: (i) terminate this Agreement
whereby all of the earnest money deposited hereunder shall be paid to Seller and the
Escrow established hereby, (ii) institute legal proceedings against Buyer for specific
performance of Buyer's obligations hereunder, and/or (iii) pursue any other remedies
available at law or in equity including, without limitation, suit for damages or other
alternative relief.
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