25-0811-JRT-50267031G-McMahon Trust-PE PSA.pdf
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SELLER: BUYER: COPY TO: ESCROW AGENT: Escrow No. 1. Agreement. This Purchase Agreement, together with Escrow Agent’s printed form Escrow Instructions, constitutes a binding agreement between Seller and Buyer for the purchase and sale of the Property (defined in Paragraph 2 below) and defines the terms of escrow with Escrow Agent, who shall also serve as title insurer. If there is any conflict or inconsistency between the printed form escrow instructions and this Purchase Agreement, PURCHASE AGREEMENT (Jackrabbit Trail from Thomas to McDowell) Thomas M. McMahon Revocable Living Trust 2227 S. 166th Ave Goodyear, AZ 85338 Phone:_€23~ 672- G/ot Email: Tme 9¢337 2 Yahoo Con City of Buckeye, an Arizona municipal corporation 530 East Monroe Avenue Buckeye AZ 85326 Attn: Rhiannon Zuleger, Right of Way Agent Phone: 623.349.6288 E-mail: rzuleger@buckeyeaz.gov c/o Tierra Right of Way 21410 N. 19" Ave. Suite 114 Phoenix, AZ 85027 Attn: Taylor Scott Phone: 602.682.0000 Email: tscott@tierra-row.com City of Buckeye, an Arizona municipal corporation 530 East Monroe Avenue Buckeye AZ 85326 Attn: K. Scott McCoy, City Attorney Phone: 623.349.6933 E-mail: smecoy@buckeyeaz.gov Security Title Agency, Inc. 4772 North 24th Street Suite 200 Phoenix AZ 85016 Attn: Jason Bryant, AVP Branch Manager Phone: 602.230.6297 E-mail: jbryant@securitytitle.com STISL5 O25 Date: Sun 24 wes” Security Title Escrow No. Escrow Opening Date (“EOD”) this Purchase Agreement shall prevail. 2. Property Included in Sale. Collectively, all of the following comprises the “Property”: the “Real Property” which includes the fee simple interest in that certain land legally described and depicted in Exhibits *1* attached hereto. Any on-site improvements included in the sale are noted separately herein below. Page 1 of 5 those easement or easements legally described and depicted in Exhibits *2* attached hereto. Any on-site improvements included in the sale are noted separately herein below. Oo the “Improvements,” which are those structures, buildings, fixtures and site improvements on the Property, as set forth Exhibit * attached hereto. oO [Other - describe] 3. Purchase Price. The “Purchase Price” shall be in the following total amount: Ninety-Four Thousand Seven Hundred Twenty Five and 00/100 DOLLARS ($94,725.00), payable at Close of Escrow (also abbreviated herein as “COE”). 4. Escrow. Escrow shall open upon receipt by Escrow Agent of a fully executed and approved copy of this Purchase Agreement and shall close at Escrow Agent’s above-stated office address the earlier of (i) seven (7) business days after all title requirements and Buyer’s contingencies have been met, and (ii) sixty (60) days following Escrow Opening Date or at such other place, date or time as may be agreed in writing by the Parties. 5. Escrow Documents. Within seven (7) business days after Buyer delivers a fully executed copy of this Purchase Agreement to the Escrow Agent, Seller shall deliver to Escrow Agent the general warranty deed and/or easements required to grant or convey the Property Included in Sale to Buyer, each of which shall be in form and substance as provided to Seller with the written offer to purchase or as otherwise deemed satisfactory to Buyer. At least one (1) business day prior to COE, Seller shall provide a non-foreign certificate, estoppel certificate, IRS Form W-9, and other documents satisfactory to Buyer and/or Escrow Agent and sufficient time to allow title insurance to issue and to allow Buyer unimpeded use of the Property for its intended public use. 6. Closing Items. At Closing, Escrow Agent shall deliver the following: (a) all deeds and/or easements to convey or grant to Buyer the Property Included in Sale, (b) all documents necessary to satisfy requirements for this Escrow, (c) a closing or settlement statement indicating a true and correct disbursement of funds collected from the Seller and Buyer in connection with the Escrow, and (d) disbursement of funds in accordance with the terms of this Purchase Agreement; and shall Escrow Agent shall issue in favor of Buyer [please check as applicable]: Standard owner’s policy of title insurance in an amount equal to the Purchase Price to be paid by Buyer, subject to (i) usual exceptions, conditions, and stipulations contained in the printed form of such a policy, and (ii) those title defects or exceptions as are deemed acceptable to Buyer per Paragraph 7 below. O [Other - describe]: 7. Buyer’s Contingencies. Buyer’s obligations to close is contingent upon: (a) Buyer’s authorized representative or counsel advising Escrow Agent that the status of title is acceptable or that Buyer will waive any objections thereto, (b) Seller not encumbering the Real Property and/or the easements in any way from the date of this Purchase Agreement through Close of Escrow, (c) Seller providing consents to easements, lease releases or estoppels regarding tenants where deemed necessary by Buyer for its protection, and (d) completion of the Review Period (as defined herein below). 8. Review Period. Buyer shall have until 5:00 p.m. Arizona time, thirty (30) days after Escrow opens (the “Review Period”) in which to review title matters, investigate environmental issues, survey, inspect, and examine the Property at any time with any persons who it shall designate, including engineers and soil testing personnel. Seller shall permit access to the Property by Buyer and its agents for these purposes. In the event Buyer, after conducting such inspections, investigations, and tests, in its sole discretion, determines that the Property is not suitable for its purposes, it may elect at any time prior to the ends of the Review Period to cancel this Agreement by written notice to Seller and Escrow Agent, who shall, without further instructions from either party or any other Page 2 of 5 person, promptly return any documents deposited hereunder to the appropriate party, and this Agreement shall thereafter have no further force or effect. If Buyer does not elect to cancel under this Paragraph within the Review Period, then the COE shall occur on the date specified in Paragraph 4 above, provided that all contingencies including status of title requirements, are met. 9. Seller’s Representations and Warranties. Seller represents and warrants to Buyer that Seller has the full power, authority and legal capacity to execute, deliver, and perform this Agreement and all related documents or instruments. No work has been performed or is in progress at the Property and no materials have been furnished to the Property, which might give rise to a mechanic’s or materialman’s lien against the Property. Seller is not aware of the presence of any subsurface improvements (e.g., septic systems, storm cellars, wells, storage tanks) within the area that comprises the Real Property, except for such improvements as Seller has provided information to Buyer to assist in locating the same. These representations and warranties shall be true as of the date of this Agreement and at Close of Escrow. 10. Costs and Prorations, Risk of Loss, Further Assurances. Buyer shall pay all escrow fees, title policy premiums and recording fees. All real property taxes, rents and assessments shall be prorated through Eclose of Escrow, based upon the most current available information. Seller shall be obligated to any existing liens, mortgages, or deeds of trusts that encumber the Property from proceeds of the sale through escrow at Close of Escrow. Each party shall take any further acts and shall execute further documents as reasonably necessary to carry out the intent and purpose of this Purchase Agreement. 11. Waivers, Title Insurance Option. Buyer may waive escrow and/or title insurance, and in such event the conveyance or grant will be direct to Buyer and payment will be made concurrently to Seller. Buyer, at its option and cost, may obtain extended coverage title insurance. 12. Notices. All notices, consents, approvals, and waivers required or permitted hereunder shall be given in writing and shall be effective upon personal delivery or direct facsimile transmission, or five (5) business days after being deposited with the U.S. Postal Service, registered or certified, return receipt requested, postage prepaid, or one (1) business day after being deposited with any commercial air courier or express service to the parties at their addresses noted above. 13. Removal of Improvements. The Parties hereby acknowledge and agree that the Purchase Price does not include certain improvements, including without limitation, private signs, lights, and irrigation/sprinkler facilities, that are capable of being removed and relocated by the Seller (the “Relocatable Improvements”), but does include an amount for the reasonable cost of removal and relocation of such Relocatable Improvements. Seller shall remove and relocate any such Relocatable Improvements from the Real Property, including from the area of any permanent easements being acquired, together with any of Seller’s equipment or personal property located thereon, on or before the date on which the Buyer acquires title or easement rights in the Real Property or within thirty (30) days after the date on which Buyer obtains an Order of Immediate Possession in a court of law for the Real Property, whichever date first occurs. Seller shall be responsible for obtaining any permits necessary to accomplish such relocation. If Seller does not remove the Relocatable Improvements from the Real Property within the required thirty (30) day period, and Buyer desires to remove the Relocatable Improvements, Buyer will either: (a) acquire and pay for the value of the Relocatable Improvements as required by law, or (b) remove the Relocatable Improvements and place them on other land owned by Seller or in storage, provided Seller, in writing, (i) requests such action, (ii) authorizes Buyer to enter Seller’s land for such purpose or to store the Relocatable Improvements, (iii) expressly holds Buyer harmless from any damages for injury to persons or property arising from this activity, and (iv) agrees to a reduction in the compensation equal to the cost incurred by Buyer in performing such activity. 14. Modification. This Agreement may not be modified unless it is in writing and signed by all parties hereto. Page 3 of 5 15. Exculpation. Seller agrees that there shall be absolutely no personal liability on the part of the City or any employee or agent of the City with respect to any of the terms, covenants and conditions of this Agreement. 16. Time of Essence, Council Approval. Time is of the essence. For purposes of this Agreement, “business days” shall mean Monday through Friday, excluding federal and state holidays. If any date set forth in this Agreement for the delivery of any document or notice or the happening of any event (such as, for example, the expiration of the Feasibility Period or the Close of Escrow) should, under the terms hereof, fall on a day that is not a business day, then such date shall be automatically extended to the next succeeding business day. Deliveries or events occurring subsequent to 5:00 PM on a business day in the location of occurrence shall be deemed to have occurred on the next business day (e.g., notices due on a certain date must be received by 5:00 PM on such date). Approval of the Buckeye City Council may be required for this Purchase Agreement and, if required, is a contingency to the closing of Escrow. Any such required approval shall be indicated by the signature of the Mayor, or official acting in said capacity, on this Purchase Agreement, or by a Resolution of the City Council ratifying the execution of this Purchase Agreement by the agent of the Buyer signing below, or as otherwise required by the City of Buckeye City Code. 17. Exhibits. The Exhibits reference herein are and shall remain attached hereto, and are incorporated herein by this reference. 18. Litigation Expenses and Attorneys’ Fees. In the event litigation involving this Agreement, the prevailing party shall in any such action or proceeding shall be entitled to recover its costs and expenses incurred in such action from the other party, including reasonable attorney’s fees as determined by the Judge of the court. 19. Entire Agreement. This Agreement constitutes the entire agreement between the Parties, written and verbal. 20. Severability. Whenever possible, each provision of this Agreement shall be interpreted in such a manner as to be valid under applicable law, but if any provision of this Agreement shall be deemed invalid or prohibited thereunder, such provision shall be deemed severed from this Agreement and this Agreement shall otherwise remain in full force and effect. 21. Applicable Law. This Agreement shall be governed by, construed and enforced in accordance with the laws of the state of Arizona. 22. Counterparts. The Agreement may be executed by the signing in counterparts. The execution of this instrument by each of the Parties signing a counterpart hereof shall constitute a valid execution, and this instrument and all of its counterparts so executed shall be deemed for all purposes to be a single instrument. 23. Possession. Upon Close of Escrow, possession of the Property shall be transferred to Buyer. 24, Full Compensation. The consideration expressed herein is accepted by Seller as full compensation for the Property being acquired by Buyer, whether in fee or as an easement-right, and in settlement of all injury or damage to Seller’s remaining abutting property arising as a consequence of this acquisition by Buyer. The consideration paid by Buyer shall not be admissible as evidence of value, nor for any other evidentiary purpose, in any judicial or administrative proceeding. 25. Cancellation for Conflict of Interest. Buyer may cancel this Agreement for a conflict of interest under ARS. § 38-511. Page 4 of S SELLER: Thomas M. McMahon, Trustee of the Thomas M. McMahon Revocable Living Trust, dated April 3, 2023, (ti amendments thereto By: / L— Print Name:_ homer Me Ma Hoy Title:_ Celie Date: 6-4- dS Page 5 of 5 BUYER: City of Buckeye, an Arizona municipal corporation (“Buyer”) By: Print Name: David B. Roderique Title: Interim City Manager Date: ATTEST: By: Print Name: Lucinda J. Aja Title: City Clerk APPROVED AS TO FORM: By: Print Name: K. Scott McCoy Title: City Attorney Exhibit *1* to Purchase Agreement General Warranty Deed WHEN RECORDED, RETURN TO: City of Buckeye ATIN: City Clerk, Lucinda J. Aja 530 East Monroe Avenue Buckeye, Arizona 85326 THIS DEED IS EXEMPT FROM AFFIDAVIT PURSUANT TO A.RS. § 11-1134.A.3 GENERAL WARRANTY DEED This General Warranty Deed is made the day of , 2025, by Thomas McMahon, Trustee of The Thomas M. McMahon Revocable Living Trust, dated April 3, 2023, and any amendments thereto as Grantor, to the CITY OF BUCKEYE, an Arizona municipal corporation, as Grantee. For the consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Grantor grants and conveys to Grantee the following described real property situated in Maricopa County, Arizona, to wit: See Exhibit A and Exhibit B attached hereto and incorporated herein by this reference. Together with all tenements, hereditaments and appurtenances thereto. Grantor hereby binds Grantor and successors to warrant and defend the title to Grantee against all lawful claims whatsoever, whether claiming through Grantor or otherwise. [SIGNATURES APPEAR ON NEXT PAGE] IN WITNESS WHEREOF Grantor has executed this General Warranty Deed as of the day of , 2025. GRANTOR: Thomas McMahon, Trustee of The Thomas M. McMahon Revocable Living Trust, dated April 3, 2023, and any amendments thereto Signature By Its STATE OF ARIZONA ) ) ss COUNTY OF ) On this day of , 2025, before me personally appeared , whose identity was proven to me on the basis of satisfactory evidence to be the person who he or she claims to be and acknowledged that s/he signed this General Warranty Deed. I certify under PENALTY OF PERJURY under the laws of the State of Arizona that the foregoing paragraph is true and correct. (Seal and Expiration Date) Notary Public in and for the State of Arizona ACCEPTED BY: CITY OF BUCKEYE, an Arizona APPROVED AS TO FORM: Municipal Corporation K. Scott McCoy, City Attorney David B. Roderique, Interim City Manager ATTEST: Lucinda J. Aja, City Clerk EXHIBIT A TO GENERAL WARRANTY DEED [Legal Description of Property] (~ EXHIBIT A >) THE EAST 30 FEET OF THE WEST 70 FEET OF THE NORTH HALF OF THE NORTHWEST QUARTER OF THE SOUTHWEST QUARTER OF THE SOUTHWEST QUARTER OF SECTION 353, TOWNSHIP 2 NORTH, RANGE 2 WEST, GILA AND SALT RIVER MERIDIAN. THE ABOVE DESCRIBED PARCEL CONTAINS 9,881 SF (0.2268 AC) OF LAND, MORE OR LESS. x S Sy 4 Signe OY . S/20N ves APN 502-67-031G LEGAL DESCRIPTION PROPOSED RIGHT-OF-WAY 1001 N. CENTRAL AVENUE, SUITE 900 DATE: 12/02/24] JACKRABBIT TRAIL PHOENIX, AZ 85004 : McDOWELL ROAD TO PHONE: 602-263-1177 DSN: _JB c 602-263-1177 DRN: JB OSBORN ROAD SHEET 1 OF 2 a) www.ardurra.com CHK: TR EXHIBIT B TO GENERAL WARRANTY DEED [Boundary Map/Depiction] WEST QUARTER-CORNER FX XHIBIT B ) SEC. 33, T2N, R2W FND 3” MCDOT BCHH | —— i | APN 502-67—013 x | $89°33'36’E 4 NEW TESTAMENT CHRISTIAN m | 30.00’ CHURCHES OF AMERICA | } INST. 2024—0156933, MCR — © \ \ Caosas _ — 40.00’ a8 | PROPOSED R/W N | Ws el 40’ po 2° APN 502—67-031G | Gos R/W THOMAS M MCMAHON | few REVOCABLE LIVING TRUST | Bo INST. 2023-0179701, MCR Begl oO | z Z2a!8 Ne | 5 [S04 329.37" NO‘09’55"E_- | 329.37 APN 502—67—007G | Lo MELVIN FAMILY REVOCABLE SCALE: | N89°33 06 W LIVING TRUST/ETAL 1"=80 | 30.00° INST. 2018-0739263, MCR SW a | | W. MCDOWELL RD <x SW CORNER SEC. 33, T2N, R2W FND 3” MCDOT BCHH NA 602-263-1177 Ne www.ardurra.com ARDURRA APN 502-67-031G LEGAL DESCRIPTION PROPOSED RIGHT-OF-WAY 1001 N. CENTRAL AVENUE, SUI TE 900 DATE: 12/02/24) JACKRABBIT TRAIL PHOENIX, AZ 85004 - bo OAD T PHONE: 602-263-1177 DSN: __JB__| McDOWELL ROAD TO DRN: JB OSBORN ROAD CHK. TR SHEET 2 OF 2 SD) Exhibit *2* to Purchase Agreement Temporary Construction Easement WHEN RECORDED, RETURN TO: City of Buckeye ATTN: City Clerk, Lucinda J. Aja 530 East Monroe Avenue Buckeye, Arizona 85326 Exempt under A.R.S. § 11-1134(A)(2) TEMPORARY CONSTRUCTION EASEMENT For and in consideration of the sum of Ten and 00/100 Dollars ($10.00), and other good and valuable consideration, the receipt of which is hereby acknowledged, Thomas McMahon, Trusted of the Thomas M. McMahon Revocable Living Trust, dated April 3, 2023, and any amendments thereto (“Grantor”), does/do hereby grant and convey to the City of Buckeye, Arizona, an Arizona municipal corporation (“Grantee”), a Temporary Construction Easement for the expansion of Jackrabbit Trail (“Improvements”), together with the temporary right of ingress and egress for the purposes of excavating and removing, installation, placement or replacement of soil and/or asphalt and construction plans identified below, including any additional grading work deemed necessary or appropriate by the Grantee over, under and across the real property situated in Maricopa County, Arizona, as legally described and depicted on Exhibit A and Exhibit B attached hereto and made a part hereof, and as shown on the construction plans prepared by Ardurra and dated November 2024. Grantor’s property shall be restored by Grantee to an “as good as” condition as existed prior to construction of the Improvements. This easement right, related to Assessor’s Parcel No(s). 502-67-031G, shall be extinguished upon completion of construction of the Improvements by the City of Buckeye “Construction Completion”). Grantor agrees that for a period of one (1) year following Construction Completion, and upon five (5) days’ prior written notice by Grantee to Grantor, Grantee may enter upon the property described and depicted on Exhibit A and Exhibit B for the purposes of performing any required warranty work. Grantor agrees that the Improvements will provide a benefit to Grantor’s property and, therefore, agrees to allow Grantee to perform the warranty work at no additional consideration to the Grantor. Grantor’s property shall be restored by Grantee to an “as good as” condition as existed prior to performance of the warranty work. Dated this day of , 2025. [signature on following page] GRANTOR: Thomas McMahon, Trustee of The Thomas M. McMahon Revocable Living Trust, dated April 3, 2023, and any amendments thereto By: Print Name: Thomas McMahon Its: State of ) ) ss. County of ) On_ this day of , 2025, before me personally appeared , the of , a(n] whose identity was proven to me on the basis of satisfactory evidence to be the person who s/he claims to be, and acknowledged that s/he signed the above/attached document, consisting of pages, including exhibits, on behalf of said entity. I certify under PENALTY OF PERJURY under the laws of the State of Arizona that the foregoing paragraph is true and correct. Notary Public My Commission Expires: ACCEPTED BY: CITY OF BUCKEYE, an Arizona municipal corporation David B. Roderique, Interim City Manager ATTEST: Lucinda J. Aja, City Clerk Exhibit A to Temporary Construction Easement Legal Description (— EXHIBIT A \ A PORTION OF THE SOUTHWEST QUARTER OF SECTION 33, TOWNSHIP 2 NORTH, RANGE 2 WEST, GILA AND SALT RIVER MERIDIAN, ALSO DESCRIBED AS FOLLOWS: COMMENCING AT A FOUND BRASS CAP IN HANDHOLE AT THE SOUTHWEST CORNER OF SAID SECTION 33, FROM WHICH A FOUND BRASS CAP IN HANDHOLE AT THE WEST QUARTER-—CORNER OF SAID SECTION 33 BEARS NORTH 0 DEGREES 09 MINUTES 55 SECONDS EAST, 2634.90 FEET; THENCE ALONG THE WEST LINE OF SAID SOUTHWEST QUARTER, NORTH O DEGREES 09 MINUTES 55 SECONDS EAST, 1161.75 FEET; THENCE SOUTH 89 DEGREES 50 MINUTES 05 SECONDS EAST, 70.00 FEET TO THE POINT OF BEGINNING; THENCE NORTH O DEGREES 09 MINUTES 55 SECONDS EAST, 155.37 FEET TO A POINT ON THE NORTH LINE OF THAT PARCEL DESCRIBED IN INSTRUMENT NO. 2023-—0179701, MARICOPA COUNTY RECORDS; THENCE ALONG SAID NORTH PARCEL LINE, SOUTH 89 DEGREES 32 MINUTES 11 SECONDS EAST, 6.00 FEET; THENCE SOUTH 0 DEGREES 09 MINUTES 55 SECONDS WEST, 155.32 FEET; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS WEST, 6.00 FEET TO THE POINT OF BEGINNING. THE ABOVE DESCRIBED PARCEL CONTAINS 932 SF (0.0214 AC) OF LAND, MORE OR LESS. S 4 Sioned Ww Sion, ved APN 502-67-031G LEGAL DESCRIPTION PROPOSED TEMPORARY CONSTRUCTION EASEMENT 1001 N. CENTRAL AVENUE, Sone 200 DATE: 02/04/25} = JACKRABBIT TRAIL PHOENIX, AZ 85004 . DSN: JB McDOWELL ROAD TO PHONE: 602-263-1177 602-263-1177 DRN: JB OSBORN ROAD \ www.ardurra.com cH TR SHEET 1 OF 2 / Exhibit B to Temporary Construction Easement Boundary Map/Depiction (— WEST QUARTER-CORNER F}XHIBIT B > SEC. 33, T2N, R2W FND 3” MCDOT BCHH APN 502—67-013 $89°32'11"E NEW TESTAMENT CHRISTIAN 6.00° CHURCHES OF AMERICA INST. 2024—0156933, MCR 155.37’ io e = tif[--——PROPOSED TCE N sgl 40) 8 S0'09°55"W APN 502—67-0316 WeZz(R/W, g , THOMAS M MCMAHON 2% ¢ 155.32 as ae S REVOCABLE LIVING TRUST Ni INST. 2023-0179701, MCR <0 7 BBO | N90°00'00"W 6.00" 23D | \~sg9°50'05"E 70.00’ ZOoaglin Zz2\i2 | © = APN 502-67—007G MELVIN FAMILY REVOCABLE SCALE: LIVING TRUST/ETAL V'=80 | INST. 2018-0739263, MCR SW et | ] ! W. MCDOWELL RD POC SW CORNER SEC. 33, T2N, R2W FND 3” MCDOT BCHH APN 502-67-031G LEGAL DESCRIPTION PROPOSED TEMPORARY CONSTRUCTION EASEMENT 1001 N. CENTRAL AVENUE, SUITE 900 DATE: 02/04/25] JACKRABBIT TRAIL PHOENIX, AZ 85004 . DSN: JB McDOWELL ROAD TO PHONE: 602-263-1177 602-263-1177 DRN. JB OSBORN ROAD \ www.ardurra.com CHK TR SHEET 2 OF 2 /)