A trustee auction for the Maricopa Manor Business Center has been rescheduled for 10 a.m. June 24 in Florence, according to the law firm representing the lender, Great Western Bank.
The sale had been scheduled for yesterday but was canceled.
Edward Farrell, who owns the center with his mother, Alma, had defaulted on three loans to the bank totaling nearly $4 million, according to court documents.
Farrell, who is the city’s vice mayor, also owed property taxes on the business center and had failed to pay a flood insurance premium of $15,000.
![City Manager Ben Bitter speaks during a Chamber of Commerce event at Global Water Resources on April 11, 2024. Bitter discussed the current state of economic development in Maricopa, as well as hinting at lowering property tax rates again. [Monica D. Spencer]](https://www.inmaricopa.com/wp-content/uploads/2024/04/spencer-041124-ben-bitter-chamber-property-taxes-web-218x150.jpg "City gave new manager big low-interest home loan")
![[Namkeen Dhaba]](https://www.inmaricopa.com/wp-content/uploads/2024/04/439456716_377105198650519_7536248579664805896_n-218x150.jpg "Maricopa restaurateur makes Food Network connection")
![An exterior view of O'Reilly Auto Parts on John Wayne Parkway on May 2, 2024.[Monica D. Spencer]](https://www.inmaricopa.com/wp-content/uploads/2024/05/spencer-050224-oreilly-second-location-web-100x70.jpg "O’Reilly gears up for second Maricopa location")
![Tom Schuman, a Province resident, poses with a copy of his new book, "My Wide World of Sports," outside his home on May 2, 2024. [Monica D. Spencer]](https://www.inmaricopa.com/wp-content/uploads/2024/05/spencer-050224-tom-schuman-sports-book-web-01-100x70.jpg "Province writer opens the athlete’s mind in new book")
