PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS - F00047-EX.PDF
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Title Company Address City Escrow Officer Escrow No. Grantor: Contact Mailing Address: City, State Zip MAR l,COPA COUNTY FLOOD CONTROL DISTRICT PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS N / A (In House Recording) Date Phone , Fax N/A Email N/A The Flood Control District of Maricopa County, a political subdivision of the State of Arizona Phone: Michael Fulton Phone: 2801 West Durango Street Email Phoenix, AZ 85009 Fax: May 18, 2023 602-506-4708 City of Buckeye, an Arizona municipal Corporation shall pay Sub- Charges and Disbursements to be paid to Grantor as follows (check all directly to the Grantor the purchase price plus all lawful costs Object that apply): incidental to closing as follows: Code Escrow Fees Total Acquisition of Grantor's Property: Title Policy Fees Title Report $0.00 Title Report Credit Total Escrow & Title Fees N/A Recording Fees: $0.00 Release & Reconvevance Release of Lease □ Partial Acquisition of Grantor's Property: Total Recordin2 Fees $0.00 Other Charges: Appraisal Report Services $0.00 (P.O.C.) □ Easement(s): Consent to easement(s) by secured party(ies). Total Other Char2es $0.00 □ Other Disbursements: I Sub Total $0.00 Land* $00.00 11 Easements* 11 Possession date: Less Sales Deposit Received $0.00 10 Close of escrow: 10 Date of recording: 12 Special Conditions Ru!:ht of Way Contract YesD No¢ Total Compensation $600.00 Total Escrow & Title Costs N/A 14 Entry Agreement YesD No¢ Total Purchase Price $600.00 Addendum attached hereto and made a YesD No¢ TOTAL- $600.00 part hereof *Escrow and title policy fees based on this amount only. -sum of "Total Closing Costs" and "Total Purchase Price" only. - P.O.C Paid outside of closing Project: Floodprone Properties Assistance Program PCN: 700.00.12 Assessor Parcel No.: 502-36-101 V Item No F00047-EX Agent: John Gaffney Telephone# 602-506-8304 Page 1 of7 Agent is directed to deliver to THE CITY OF BUCKEYE, an Arizona municipal corporation, the Special Warranty Deed upon execution of by the BOARD OF DIRECTORS OF THE FLOOD CONTROL DISTRICT OF MARICOPA COUNTY, the payment of the consideration by GRANTEE, and said Deed's recordation with the Maricopa County Recorder's office. The City of Buckeye provided, at their own cost, an appraisal report created by Wayne Harding & Associates, Professional Real Estate Valuation, with a final opinion of market value of $600.00. The purchase price and the balance thereof shall be paid in accordance with the terms herein. The City of Buckeye has waived escrow and title insurance. The references to Title Company, Escrow Agent and title insurance herein are not applicable. No element of this transaction will be handled through a title company. The deed will not be recorded by the FLOOD CONTROL DISTRICT OF MARICOPA COUNTY until receipt of payment from the Grantee to the Grantor for the total purchase price referenced herein. It is understood and agreed the consideration expressed herein is accepted by the Grantor as full and complete compensation for the interest being acquired. This Agreement is subject to cancelation pursuant to A.RS.§ 38-511. THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK Page2 of7 GRANTEE ACCEPTANCE AND APPROVAL: CITY OF BUCKEYE, an Arizona municipal corporation Dan Cotterman City Manager """'' 05/18/2023 "'" 02:16 PM MDT STATE OF ARIZONA ) )ss. COUNTY OF MARICOPA ) Date Before me, Summer Stewart Notary Public in and for said County, State of Arizona, on this day personally appeared Dan Cotterman, known to me to be the person whose name is subscribed to the forgoing instrument. Online Notary Public. APPROVED AS TO FORM K. Scott McCoy City Attorney Notary Public (signature) Adobe Acrobat Sign Transaction Number: CBJCHBCAABAAeGJDlwBbuzSVtC-JRhJ3o0vksPP3OlkF Page 3 of7 OOllllY SIGNED ✓ Given under my hand and seal of the office this 18th day of May, 2023 % %% % "%%% % %!%%!% % #% % %% !%%% % %$ % % % #% %%% % % % APPROVED AND ACCEPTED: MARICOPA COUNTY BOARD OF DIRECTORS Clint Hickman Chairman of the Board ATTEST: Date Clerk of the Board Date STATE OF ARIZONA ) )ss. COUNTY OF MARICOPA ) Before me, ______ _, Notary Public in and for said County, State of Arizona, on this day personally appeared Clint Hickman, known to me to be the person whose name is subscribed to the forgoing instrument as Chairman of the Board of the Political Subdivision in the foregoing instrument. Given under my hand and seal of the office this _day of ___ ___, 2023. Notary Public (Signature) Page 5 of7 Page 6 of 7 EXHIBIT “A” Parcel Number: 502-36-101V Flood Prone Properties Item Number: F00047 LEGAL DESCRIPTION Parcel 502-36-101V (F00047) All of that certain parcel of land located in the Northeast Quarter of Section 4, Township 1 North, Range 2 West, as described in Deed Instrument 2010-0789650, Maricopa County Records, and more particularly described as follows: Commencing at the North Quarter corner of said Section 4, from which the Northeast corner of said Section bears South 89°31’28” East, for a distance of 2635.58 feet; thence along the North Section line of the Northeast Quarter of said Section, South 89°31'28"East, for a distance of 658.86 feet; thence departing said Section line South 00°15'38" West, for a distance of 328.49 feet; thence North 89°44'22" West, for a distance of 25.00 feet to the Point of Beginning; thence South 00°15'38" West, for a distance of 125.76 feet; thence South 56°04'20" West, for a distance of 184.06 feet; thence North 00°15'38" East, for a distance of 229.72 feet; thence South 89°32'18" East, for a distance of 152.25 feet to the Point of Beginning. The above described parcel contains 27,062 square feet or 0.6212 acres, more or less, and is depicted on attached Exhibit "B". Page 7 of 7