Free Motion for Summary Judgment - District Court of Arizona - Arizona

2 / 2 2 / fj 2 / 1r 2 1
2 1 2 Case 2:O4—cv—OO384—ROS1 Dcjcument 413=34 Filet! 12/18/2006 Page1 012

( -. 1
Acguisition Summary ·
` Property: _
Name: Westwind
Location: % mile south of 1-10, across from Buckeye Airport, off Palo Verde
Rd- ‘
City, County: Buckeye, Arizona
Condition: Zoned CMP (Community Master Plan), currently raw desert
. Number of Parcels: 15 (29 Total) r
Parties: . ·
’ Seller: Westwind Properties, LLC A P ‘
Contact: Dave Comwall / Bob Wagoner
Address: 3040 North 44"J Street, Suite 3
City, State, Zip: Phoenix, Arizona 85018
Phone: (602) 385-1545 ` "
Fax: _ (602) 385-1524
E-mail dc @ sonterrapartnerscom; bw @ sonterrapartnerscom
1 Buyer: Meritage Homes, Inc. . _
Contact: Ron French A ‘
Address: 8501 N. Princess Drive, Suite 200
( City, State, Zip: Scottsdale, AZ. 85255
A Phone: (480) 303-6700
Fax: (480) 303-0338
\ E-mail ron .frerrch @ rneri tagehomescom
Purchase Agreement:
Total Purchase Price: $ 14,121,616
Phase 1 Purchase Price: $7,142,515 156.65 net acres`1¤@»%$§2»§e5QQta“¢§€re
1.30 acres (Fire) @ $25,000/acre
7.95 acres (School) @ $17,500/acre ‘
' 32.84 acres (R0adfHOA) @ $32,500/acre A
· - { $812,532 in extension fees _ _
Date of Execution; April 14, 2005 (projected) . `
Number of lots purchased: 1,312
A Price Per Lot: $35,100 (including extension) » ·
Opening of Escrow:
. Escrow Nurribert TBD ‘ ,
A Opening Date: April 14, 2005 (projected)
Amount of Deposit: $75,000 p
Title Company: ` First American Title " ‘ __ _ A
Contact: Gerry Waltz n / / _ EXH ' .
phone; (480) 734-2900 W'TNE$S‘ I · ·’ 4 ·,
} · MARISA L
( ARHNER '_ r
Case 2 :04—cv—00384—FiOS |§cQ0i1l1:
Case 2:04-cv-00384-ROS

Document 413-34

Filed 12/18/2006

Page 1 of 2

Case 2:04-cv-00384-ROS

Document 413-34

Filed 12/18/2006

Page 2 of 2