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Peoria OKs ground lease with WestMEC for career‑tech campus; development tied to bond vote
Summary
Council approved an intergovernmental agreement and 10‑year ground lease with Western Maricopa Education Center to develop a career‑technical campus on a city parcel near Loop 101, subject to WestMEC securing construction funding via a November bond election; the lease is $300,000 annually with a purchase option.
The Peoria City Council on Feb. 11 approved an intergovernmental agreement and ground lease with the Western Maricopa Education Center (WestMEC) for a planned career‑technical campus on a city parcel near Loop 101.
Deputy City Manager Mike Faust summarized the proposed agreement and ground‑lease terms. WestMEC will lease the site and pursue voter‑approved bond funding in November 2025 to finance construction. The city will lease the property to WestMEC at $300,000 per year for a 10‑year term; the first three years remain at the $300,000 rate…
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