Conveyance of real property and improvements

A.R.S. § 48-4239 — under Financial Provisions.

A.R.S. § 48-4239

1. The entity or individual, or any successor in interest to the entity or individual, terminates any lease or other agreement with the district for use of the major league baseball facility that is owned by the district pursuant to this chapter and operated by the district or the professional baseball franchise organization that occupies the major league baseball facility, regardless of whether the lease or other agreement pertains to the use of the major league baseball facility.

2. Any lease or other agreement between the entity or individual, or any successor in interest to the entity or individual, and the district for the use of the major league baseball facility that is owned by the district pursuant to this chapter and operated by the district or the professional baseball franchise organization that occupies the major league baseball facility expires, regardless of whether the district and the entity or individual were negotiating an extension to the existing lease or other agreement or negotiating a new lease or other agreement.

3. The district gives up any ownership interest of the major league baseball facility that is owned by the district pursuant to this chapter and operated by the district or the professional baseball franchise organization that occupies the major league baseball facility.