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Maricopa County Department of Transportation Purchase Agreement and Escrow Instructions Title Company Fidelity National Title Date 05/02/2018 Address One East Washington Street, Suite 450 Phone (602)343-7550 City Phoenix, AZ 85004 Fax Escrow Officer Michelle Burton Email michelle.hurton fnEcom Escrow No. Z1826000-001-3i1131-JAG Grantor: Ocean Property Holdings, LIE Phone: 301-509-8431 Contact: Joe Jacques Cell: Mailing Address: 15430 Avery Road Email: City, State, Zip Rockville, MD 20855 Fax: Grantee: Maricopa County, a political subdivision of the State of Arizona Mailing Address: Real Estate Division, 2801 W. Durango Street, Phoenix, Arizona 85009 MARICOPA COUNTY shall pay directly to the Grantor, or deposit Charges and Disbursements to be paid from Grantor's funds as follows with the Tide Company if escrowed, the purchase price plus all lawful (check all that apply): costs incidental to closing AS follows: Escrow Fees El Total Acquisition of Grantor's Property: Full release of all Tide Policy Fees monetary liens and encumbrances, and leases of any kind. Pay in full all due and delinquent real property taxes and general and special improvement assessments, Prorate the Total Escrow & Title Fees current year's real property taxes on closings that occur on or After the 3rd Monday of August each year. Escrow Agent Recording Fees: shall withhold the prorated amounts from each party and pay Deed the lien of the current year's taxes in full, Easement Mortgage Release IA Partial Acquisition of Grantor's Property: Partial release of all Release of Lease monetary liens and encumbrances, and leases of any kind. At the discretion of Maricopa County, pay due and delinquent Total Recording Fees property taxes and general and special improvement assessments, including full payment of taxes and Other Charges: assessments on individual assessor parcels within the Release Fees Maricopa County's partial acquisition, and any Certificate(s) S.R.V.W.U.A. of Purchase. The current year's taxes shall no be prorated Taxes - Prorated regardless of the closing date, Easement(s): Consent to easement(s) by secured party (ies). Total Other Charges El Other Disbursements: Sub Total Title Report Credit Land & Improvements* $10,00 Possession date: Upon Signature Severance Damages Close of escrow: TCE Date of recording: Cost to Cure Special Conditions Right of Way Contract Yes EJ No D Exhibit "IV Total Closing Costs*" Entry Agreement Yes D No El Total_ Purchase Price $10.00 Addendum attached hereto and made a Yes El No El TOTAL WARRANT" $10,00 part hereof *Escrow and title policy fees based on this amount only. **Sum of "Total Purchase Price" only. ***All Closing Costs to be paid by Seller. Project: East Southern Ave. and South Cdsmon Rd, PCN: IT0008 Assessor Parcel No.: 220-81-971 & 220-81-972 (Portion) Item No DD-10850 Right of Way Agent: Mona Cervantes Telephone # (602) 506-5249 The GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE as described in the Exhibit(s) attached hereto and made a part hereof, and having delivered same to the above Title Company as Escrow Agent, said agent is directed to deliver said conveyance to MARICOPA COUNTY, tide to said property to be transferred upon execution of the conveyance by the MARICOPA COUNTY BOARD OF SUPERVISORS, The Escrow Agent shall first apply the purchase price on deposit to setisfy such taxes, Deed of Trusts, leasehold interes ts, special assessments, and other encumbrances as may be authorized for payment, and the balance thereorsball be paid in accordance with the terms herein. The Escrow Agent is to withhold $ g.co 22 a security deposit pending satisfactory delivery of the subject property to MARICOPA COUNTY by the Grantor. Grantor agrees hfARICOPA COUNTY may apply the security deposit to payment of any unpaid rents due MARI -GOYA COUNTY from the Grantor, or to payment for any loss or damage sustained by MAR1COPA COUNTY caused by the Grantor after the date of this agreement. MARICOPA COUNTY will make written authorization to the Escrow Agent for disbursement of the security deposit in accordance with this agreement, after acceptance of delivery and possession of the subject property. Instructions to Escrow Agent: Deposit all escrowed funds in escrow account and disburse same by check; pay encumbrances in eccordance with this csgseemecit, prorate all agreed items; record such_ escrowed instruments as are necessary or proper in the issuance of title insurance; and pay the balance of the escrowed funds to the party or panics entitled thereto. It is further understood and agreed that the Title Company shall net be responsible for any liens or encumbrances not of record at the closing of escrow. The Right of Way Agent or MARICOPA COUNTY - Real Estate Division will be furnished a copy of the Grantor's closing statement with the following certification signed by so authorized officer: "This is to certify this is ci trus and correct statement of disbursement of funds collected from MARICOPA COUNTY." The FUCfOW Agent is to request the Grantor acknowledge receipt of the amount shown on the closing statement as due Grantor. Either a copy of this request Of a copy of a signed receipt is to be retained in the escrow file. The property Owner will pay the costs of the owner's title insurance policy; fees associated with lender releases or loan pay-offs, including endorsements, document preparation, and other expenses related thereto; escrow fees and other charges by escrow companies incidental to the closing of escrow. In the akernative, Mericopa County may, at its option, WaIVE- escrow end/or title insurance. Upon such waiver, the references to Title Company, Escrow Agent and title insurance herein are not applicable. If this transaction is not handled through a title company, the conveyance wilt be delivered directly to MARICOPA COUNTY and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the IvIAltICOPA COUNTY BOARD OF SUPERVISORS and the final filing and recording of the documents, It is understood and agreed the consideration expressed herein is accepted by die Grantor as full and complete compensation for the interest being acquired. If the acquisition is a partial acquisition from a larger parcel, the consideration expressed herein is likewise; full and complete compensation for all injury or damage to the Grantor's remaining lands by reason of their severance from the part being acquired and the construction of the improvements in the manner proposed by MARICOPA COUNTY. If cost to cure monies have been paid to remove or relocate improvements on the property conveyed, Grantor agrees to remove or relocate such improvements not later than 30 days from the date of payment. Grantor assumes all liability connected with said removal. It is further agreed that upon expiration of the time provided for removal, all improvements remaining partially or wholly upon the lands conveyed shall become the property of MARTCOPA COUNTY and all rights of the Grantor to said irriproverneats shall cease and terminate. Grantor shall be liable for the reasonable costs incurred in removing said improvements. License is hereby granted to MARICOPA COUNTY or its agents to enter upon the Grantor's remaining lands where necessary to accomplish the purpose of this agreement If MARICOPA COUNTY is acquiring only a portion ofGrantor's property, then Grantor grants to fvfARICOPA COUNTY, its agents, employees and contractors, the right to enter Grantor's remaining property as necessary for utility reconnection, driveway reconnection and to facilitate construction on adjacent County owned right of way, if required, MARICOPA COUNTY shall be responsible to the extent that damage occurs out of MARICOPA COUNTY' occupation of the Grantor's property caused by MARICOPA COIJNTY's negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of MARK:CPA COUNTY's temporary occupancy of the property. All claims shall be submitted in accordance with the requirements of ARS 12-821. It is further understood and agreed that this temporary right will expire and terminate thirty (50) days after completion of the above referenced project. It is further agreed settlement Is being made in lieu of condemnation, and therefore not admissible as evidence of value, ROE for any other evidentiary purpose, in conjunction with any judicial or echninistrative proceeding. GRANTOR: Ocean Property Holdings LI.0 a RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: Florida limited liability company MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF OF' TRANSPORTATION SUPERVISORS By; Real Proper j2naker/ Chairman of the Board 3./7//24k Date. Approved as to form within the powers and authority of the Board of Clerk of the Board of Supervisors Supervisors Accepted Date ',SC:ROW OFPICER Deputy County Attorney Date Date KGR Revised 4111/2013 Exhibit "B" RIGHT OF WAY AGREF,MENT Parcel No.; 220-81-971 & 220-81-972 (portion) Project No.: 1T0008 — E. Southern Aye, and S. Crismon Rd. Item No.: DD-10850 (MC) WHEREAS in consideration hereinafter set forth, it is agreed, that this instrument contains the entire agreement between the Grantor and Maricopa County. No farther consideration is being paid than described in this contract. THE COUNTY OF MARICOPA AGREES: A. To use the real property described in Exhibit "A" for the general welfare and benefit of the public, B. To pay the Grantor the sum TEN and no/100 dollars ($10.00) as payment in full for the property described herein. C. That, if in the opinion of the Transportation Director it becomes necessary, private structures will be relocated in kind to the Grantor's property, clear of the property described herein, at no expense to the County. THE GRANTOR AGREES: 1. To grant a Warranty Deed for the real property described in Exhibit "A" to the County of Maricopa for the general welfare and benefit of the public. 2. To accept the sum of TEN and no/100 dollars ($10.00) as payment in full for the property described herein. 3. That acceptance of this property in no way obligates Maricopa County to construct or maintain a roadway within the Right of Way granted by this document. Bowman CONSULTIING PAGE 1 OF 1 MARCH 15, 2018 PROJECT If 050404-01-001 EXHIBIT 'A' LEGAL DESCRIPTION RIGHT OF WAY THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 34, TOWNSHIP 1 NORTH, RANGE 7 EAST, OF THE GILA AND SALT RIVER BASE AND MERIDIAN, MARICOPA COUNTY, ARIZONA, DESCRIBED AS FOLLOWS: COMMENCING AT THE NORTHEAST CORNER OF SAID SECTION 34, BEING MARKED BY A BRASS CAP IN HAND HOLE, FROM WHICH POINT THE EAST QUARTER CORNER OF SAID SECTION 34, BEING MARKED BY AN ALUMINUM CAP FLUSH, BEARS SOUTH 00 DEGREES 09 MINUTES 13 SECONDS EAST, A DISTANCE OF 2636.52 FEET; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS WEST, ALONG THE NORTH LINE OF SAID NORTHEAST QUARTER, A DISTANCE OF 299.22 FEET TO THE NORTHERLY PROJECTION OF THE EAST Li NE OF LOT 2, OF THE LAND SPLIT MAP FOR THE HERITAGE AT MESA, ACCORDING TO BOOK 1245 OF MAPS, PAGE 44, MARICOPA COUNTY RECORDS, SAID POINT BEING THE POINT OF BEGINNING; THENCE SOUTH 00 DEGREES 00 MINUTES 00 SECONDS, ALONG SAID EAST LINE AND'ITS NORTHERLY PROJECTION, A DISTANCE OF 55.00 FEET TO THE SOUTH LINE OF THE NORTH 55 FEET OF SAID NORTHEAST QUARTER; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS WEST, ALONG SAID SOUTH LINE, A DISTANCE OF 265.98 FEET; THENCE DEPARTING SAID SOUTH LINE, NORTH 00 DEGREES 00 MINUTES 00 SECONDS EAST, A DISTANCE OF 55.00 FEET TO THE NORTH LINE OF SAID NORTHEAST QUARTER; THENCE NORTH 90 DEGREES 00 MINUTES 00 SECONDS EAST, ALONG SAID NORTH LINE, A DISTANCE OF 265.98 FEET TO THE POINT OF BEGINNING. CONTAINING 14,629 SQUARE FEET OR 0.3358 ACRES, MORE OR LESS. \\Az-phoe -dc1-srAnew_projects\050404 SWC Southern Ave & Crisrnon RA050404 -01-001 ($1.111)\Survey\ Legal Descriptions\050404-ROW COUNTY 2.docx Bowman Consulting Group, Ltd. • 1295 W Washington, Suite 108 • Tompe, Arizona 85281 • P: 480.629.8830 POINT OF COMMENCEMENT NORTH QUARTER CORNER NORTHEAST CORNER , SECTION 34, T1N, R7E SECTION 34, T1N, R7E BRASS CAP IN HAND HOLE BRASS CAP IN HAND HOLE POINT OF SOUTHERN AVENUE Wooloo"W 2651.94' BEGINNING V 265,98' 299.22' 1988.96'—/ LOT 2 BOOK 1245 OF MAPS, PAGE 44, M.C.R. APN 220-80-007L&N APN 220-81-971&972 JPMORGAN CHASE OCEAN PROPERTY BANK NA HOLDINGS LLC N9000'00W 663.07' —./ LINE TABLE LINE # LENGTH DIRECTION Li 55,00' S00'00 100nE L2 265.98' N90'00 100HW L3 55.00' NO0'00'0(rE EAST QUARTER CORNER SECTION 34, T1N, R7E ALUMINUM CAP FLUSH NOTE INFORMATION SHOWN HEREON IS BASED UPON BOOK 1245 OF MAPS, PAGE 44, M.C.R. NOTE: THIS EXHIBIT IS MEANT SOLELY AS A REFERENCE TO THE LEGAL DESCRIPTION TO WHICH IT IS ATTACHED, IT IS NOT TO BE CONSIDERED A STAND ALONE DOCUMENT, NOR THE RESULT OF A FIELD SURVEY. N.T.S. EXHIBIT 'A' 1295 W Washington St, B108 RIGHT OF WAY Bowman Tampa, AZ 85281 BY: CHK: I QC: Fax' Phone, (480) (480) 829-8841 1129-8880 BCG PROJECT NO: 050404-01 TASK: 001 CONSULTING www.bowmanconsuiting.com CLIENT REF NO: