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Show Low approves purchase of 49.76-acre parcel from JED Owens LLC for $1,304,160
Summary
The council adopted ordinance 2025-03 to buy assessor parcel 210-23-009E — about 49.76 acres near Show Low Bluff — for $30,000 per acre with a 4-acre donation and a 5% discount that reduce the adjusted purchase price to $1,304,160, payable over three years at 0% interest. The city will cover escrow costs at the seller's request.
The Show Low Mayor and Council voted unanimously to adopt Ordinance 2025-03 authorizing the purchase of approximately 49.76 acres (APN 210-23-009E) from JED Owens LLC.
City staff explained the offer: the parcel totals about 49.76 acres and was offered at $30,000 per acre. According to the presentation, JED Owens LLC will…
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