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Council approves sale of 700 Hardy Way to local buyer with five-year no‑flip restriction
Summary
Council accepted an offer from Jeffrey Bird/Jeffroe Enterprises to buy the city-owned property at 700 Hardy Way and approved a $500,000 sale with a five-year deed restriction preventing resale flipping.
The Mesquite City Council voted June 10 to accept an offer for the city-owned property at 700 Hardy Way, approving a sale at $500,000 with a five-year restriction preventing the buyer from quickly flipping the property.
The parcel (APN 001-08-110-036) includes 2.59 acres and a roughly 9,600-square-foot building the city acquired in a 2021 land exchange. Staff presented two appraisals in the agenda packet (about $1.18 million and $1.25 million). Council direction and public comment — including support from local residents and the buyer — led to a motion to accept the buyer’s offer at $500,000 with a five-year “no flip” covenant recorded in the deed. The buyer present at the meeting, Jeffrey Bird of Jeffroe Enterprises, said he plans long-term use and welcomed deed restrictions to prevent speculative resale.
Why it matters: Council members framed the sale as a community-oriented disposition that can support local institutions and uses rather than speculative investment. City staff had recommended following appraisal guidance and offered legal tools (deed restrictions) to protect the city’s interest if discounting the price.
Details from the meeting: Interim city attorney and staff discussed options for deed covenants that would limit resale for a defined period; Councilman Ennis moved to approve the $500,000 sale with a five-year no-flip clause and Councilwoman Gallo seconded. The motion passed by vote of the council. The council did not adopt any additional concessions in the motion beyond the deed restriction; staff will prepare the purchase-and-sale agreement and deed restriction language for final execution.
Public comment: Supporters urged the council to consider community value over strict appraised value; opposing comments during the public comment period favored adherence to appraisals. The buyer stated publicly he intends to develop and hold the property and agreed to the deed restriction.
Next steps: City staff will draft a purchase-and-sale agreement and the deed instrument implementing the five-year resale restriction and return those documents for execution consistent with standard closing procedures.
