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Maricopa County Department of Transportation Purchase Agreement and Escrow Instructions Title Company Security Title Agency, Inc. Date Address 3636 North Central Avenue, 3rd Floor Phone 602-230-6271 City Phoenix, Arizona 85012 Fax 602-230-6266 Escrow Officer Jason Bryant Escrow No. 16150510-016-BG Grantor: Suburban Land Reserve, Inc. a Utah corporation Phone; 801-321-7533 Address: P.O. Box 511196 Phone: City Salt Lake City, UT 84151 Fax: Grantee: Maricopa County, a political subdivision of the State of Arizona Mailing Address: Maricopa County Department of Transportation Real Estate Division, 2901 W. Durango Street, Phoenix, Arizona 86009 MARICOPA COUNTY shall pay directly to the Grantor, or Charges and Disbursements to be paid from Grantor's funds as deposit with the Title Company if escrowed, the purchase price follows (check all that apply): plus all lawful costs incidental to closing as follows: Escrow Fees • Total Acquisition of Grantor's Property: Full release of all Title Policy Fees monetary liens and encumbrances, and leases of any kind. Release Fees Pay in full all due and delinquent real property taxes and general and special improvement assessments. Prorate the current year's real property taxes on closings that occur on or After the 3rd Monday of August each year. Escrow Agent shall withhold the prorated amounts from each party and pay the lien of the current year's taxes in full, • Partial Acquisition of Grantor's Property: Partial release of all monetary liens and encumbrances, and leases of any kind. At the discretion of Maricopa County, pay due and delinquent properly 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 years taxes shall not be prorated Taxes - Prorated regardless of the closing date. • Easement(s): Consent to easement(s) by secured party (le). Total Other Charges O Other Disbursements: Sub Total Title Report Credit Land $70,912.00 Possession date: Improvements $00.00 Close of escrow: TCE $274.00 Date of recording: Right of Entry Special Conditions Right of Way Contract Yes E No Exhibit "B" Total Closing Costs Entry Agreement Yes 0 No 0 Total Purchase Price Addendum attached hereto and made a Yes 0 No TOTAL WARRANT** $71,186.00 part hereof *Escrow and title policy fees based on this amount only. **sum of "Total Closing Costs" and "Total Purchase Price" only, The GRANTOR having executed a conveyance of certain real property rights to the Grantee In a certain conveyance dated described in Exhibit "A" 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, title to said property to be transferred upon the acceptance of delivery and possession by its BOARD OF SUPERVISORS. Project: Olive Avenue (Citrus Road to Cotton Lane) PCN: TT0497 Assessor Parcel No.: 501-06-003A Item No 023333 Right of Way Agent: Jennifer Rodriguez Telephone if 602-506-4897 The Escrow Agent shall first apply the purchase price on deposit to satisfy such taxes, Deed of Trusts, leasehold Interests, special assessments, and other encumbrances as may be authorized for payment and the balance thereof shall be paid in accordance with the terms herein. The Escrow Agent is to withhold $ 0.00 as a security deposit pending satisfactory delivery of the subject property to MARICOPA COUNTY by the Grantor. Grantor agrees MARICOPA COUNTY may apply the security deposit to payment of any unpaid rents due MARICOPA COUNTY from the Grantor, or to payment for any loss or damage sustained by MARICOPA 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 accordance with this agreement; 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 parties entitled thereto. It Is further understood and agreed that the Title Company shall not be responsible for any liens or encumbrances not of record at the closing of escrow. The Right of Way Agent or MARICOPA COUNTY - Public Works Real Estate Division will be furnished a copy of the Grantor's closing statement with the following certification signed by an authorized officer: This is to certify this is a true and correct statement of disbursement of funds collected from MARICOPA COUNTY." The Escrow Agent Is to request the Grantor acknowledge receipt of the amount shown on the closing statement as duo Grantor. Either a copy of this request or a copy of a signed receipt is to be retained in the escrow file, Maricopa County 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 alternative, Maricopa County may, at its option, waive escrow and/or title Insurance. Upon such waiver, the references to Title Company, Escrow Agent and title insurance herein are not applicable. This transaction is being handled through Security Title Agency and all efforts will be made to ensure payment Is made within 90 days after agreement is signed by all patties incluing the MARICOPA COUNTY BOARD OF SUPERVISORS. Grantor understands that all efforts to close this transaction within ninety 90 days of signing this Agreement will be made. Failure to not close within 90 days of signing does not constitue Breach of Contract It is understood and agreed the consideration expressed herein is accepted by the Grantor as full and complete compensation for the Interest being acquired, lithe 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 MAR ICOPA COUNTY. Ills further agreed settlement is being made In lieu of condemnation, and therefore not admissible as evidence of value, nor for any other evidentiary purpose, in conjunction with any judicial or administrative proceeding. GRANTOR: Suburban Land Reserve, Inc. RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: a Utah corporation MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF OF TRANSPORTATION SUPERVISORS 4,4,2/7 Real Property Branch Manager Chairman of the Board 4f,t .„,zol ATTEST: Date Approved as to form within the powers and authority of the Board of Clerk of the Board of Supervisors Supervisors Accepted Date ESCROW OFFICER Deputy County Attorney Date Date GS/CS Revised 10/6/2009 EXHIBIT "B" RIGHT OF WAY AGREEMENT Parcel No.: 501-06-003A (portion of) Project No,: 'FT0497 Olive Avenue (Citrus Road to Cotton Lane) Item No.: D23333 WHEREAS in consideration hereinafter set forth, it is agreed that this instrument contains the entire agreement. between the Grantor and Maricopa County. No further consideration is being paid than described in this agreement. 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 Grantors the sum of Seventy Thousand NineRundred Twelve Dollars and.No/100 ($70,912.00) as payment full for the property described herein. C. To pay the Grantors the sum of Two Hundred Seventy Four Dollars and No/100 ($274.00) as payment full for the Temporary Construction Easement as described herein, D. That, if in the reasonable opinion of the Transportation Director it becothes necessary, private structures will he relocated in kind to the Grantor's property, clear of the property described herein, at no expense to the Grantor except as may be herein otherwise agreed. E. That no costs relating to construction of roadway improvements on Project No. 170497 Olive Avenue (Citrus Road to Cotton Lane) will be charged to the Grantor. THE GRANTORS AGREE: 1. To grant a Special 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 Seventy Thousand Nine Hundred Twelve Dollars and No/100 ($70,912.00) as payment in full for the property described herein. To accept the sum of Two Rundred Seventy Four Dollars and No/t00 ($274.00) as payment in full for 66 Temporary Construction Easement as described herein, 4. That the County, or its agents, is hereby granted the right to enter upon the remaining property of the Grantor for the purpose of accomplishing "C" and "D" above. 5. That, upon the Grantor's signing of the Special Warranty Deed, the County and/or its agents shall have immediate use of the property described herein. GRANTOR DATE GRANTOR DATE EXHIBIT "B" Parcel No. 501-06-003A Project No. TT497 OLIVE AVENUE CITRUS ROAD TO COTTON LANE Item No. D23333 EXEILI3IT "A" LEGAL DESCRIPTION FOR FEE SIMPLE RIGHT OF WAY A portion of that property described Document number 2014-0487482, records of Marieopa County, Arizona lying within the Southwest quarter of Section 25, Township 3 North, Range 2 West of the Gila and Salt River Base and Meridian, Maricopa County, Arizona. Said portion described as follows: COMMENCING at the Southwest corner of said Section 25, from which the South quarter corner beats South 89 043'44" East a distance of 2,631,28 feet and from which the West quarter corner hears North 00°16'32" East a distance of 2,636.74, feet; thence along the West line of the Southwest quarter of Section 25, North 00 016'32" East a distance of 434.22 feet; thence leaving said West line South 89°43'28" East a distance of 43.00 feet to a point on the East line of the West 43 feet of said Southwest quarter and also the. POINT OF BEGINNING; thence along said East lino, North 00°1632" East a distance of 992,70 feet; thence leaving said West line South 90°00'00" East a distance of 32,08 feet to the beginning of a non-tangent curve, the center of which bears South 86°0824" West, a distance of 10339.60 feet; thence southerly along the arc of said curve, through a central angle of 04°06'33", for an arc distance of 741.54 feet to a point on the East line of the West 102 feet of said Southwest quarter; thence along said East tine, South 00°1632" West a distance of 268.51 feet; thence leaving said East line, South 89°43'28" East a distance of 20,00 feet; thence South 00 0 16'32" West, a distance of 60.00 feet; thence North 89 043 128" West, a distance of 20.00 feet; thence South 00°16'32" West, a distance of 19.85 feet to the beginning of a non-tangent curve, the center of which bears North 52P36'47" East, a distance of 523.63 feet; thence northwesterly along the arc of said curve, through a central angle of 12°23'30", for an arc distance of 113.25 feet; to the POINT OF BEGINNING. The above described parcel contains 56,164 square feet or 1,2893 acres, more or less. Cked by JIB 07 June 2017 EXCEPT all oil, gas, other hydrocarbons and minerals in said land as reserved in instrument retorded July 25, 1985 as Document number 1985-0344931 (MCR), and Page 1 of 1 KENNETH 22280 W. GREEN , 4 MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION 49668e-1-7': Prelim: 3-25-2016 I CU; Appr: Rev: 08-26-16 jb; 05-25-17 jb EXPIRES 12/31 /2017 Marieopa County Public Works —Renl Eslate Division GRANTOR DATE EXHIBIT "A" CURVE DATA TABLE "C" No. RAD. R BEARING LENGTH N.T.S. Cl 10339.60' S86°08'24"W 04°06'33" 741.54' C2 523.63' N52°36'47"E 12°23'30" 11 3.25' I LEGEND: I PROPOSED RIGHT OF WAY I EXISTING RIGHT OF WAY - EXIST R/W LINE PROPERTY LINE , SECTION LINE PROPERTY LINE 889°43128"E 43.00'- / POB 8,89°43'28"E 20,00' ED / 74 r- NEW NW C2 \ SOfri 6'32"W 60.00' MOMWCD #1 33' 501-06-004 PROPERTY LINE 1-N80'43'28"W 2000' , 102' 30096'32"W 10.85' NEW RiW DETAIL A SEE DETAIL A 023333 Suburban Land Reserve, Inc. 501-06-003A AT & SF 501-06-000 PROPERTY LINE S89°43'44"E 2,631.28' OLIVE AVENUE , WICA 46 LD23333 i--- 501-06-003A NEW RNV 56,164 SQUARE FEET OR t2893 ACRES KENNETH 22260 W. GREEN SHEET 1 OF 1 MARICOPA COUNTY DEPARTMENT of TRANSPORTATION OLIVE AVENUE fr CITRUS ROAD TO COTTON LANE EXPIRES 12 / 31 /2017 PROJECT No,TT497 ITEM No, 023333 DATE 05-25-2017 Parool NoV01-0(1..00SA Project No. T1497 OLIVE AVENUE =RIX ROAD TO GOTTON LANE Item No D233334 EXHIBIT "All LEGAL DESCRIPTION FOR TBWIPORARY CONSTRUCTION EASEMENT A portion of that property described Document millibar 2014.0487482, records of SVIarloopa County, Arizona lying within the ,Southwest quarter of Seation 25, Township 3 North, Range 2 West of the Gila and Salt River BMW and Meridian, Marloopa County, Arizona. .- Said portion described as follows: Q0liiiiiiI13iGINO'at the Southwest corner of said Section 26, from which the South quarter comdr bears South 89°43'44" East a distance of 2,631,28 feet and from which the West quarter corner , beam North G0 °16132" Fast a distance of 2,636_74 feet; thence along the West line of the Southwest quarter of Section 26, North 00°16'32" East a distance of 262.67 feet; thence leaving saidWea line South 89°43 728° East a distance of 1803 feat to the POINT OF BEGINNING; thence North 40001'26" East, a distance of 16,90 feet to theteginning of a non-tangent curve, the center of which . beers North 39°33 163" East, a distance of 506.73 feet; thence northwesterly &prig the are of said curve, through a central anglo of16°3564", for art arc distance of 137.05 feet to the beginning of a non-tangent Tine; thence South 00°16'32" West, a distance of 28,46 feet to the beginning of e non - tangent curve, the center of which bears North 62°36 147" East, a distance of 523.63 feet; thence southeasterly along the are of saki curve, through a central angle of13°0201", for ell arc distance of 119.11 feet to the POINT OF ElEGINNING., The obOVO described parcel contains 2,170 square feet or 0.0498 acres, more or less. Ciced by 11B 01 May 2017 "'ago I of 'I MARICOPA. COUNiT DEPARMIENT OF 7LRANSPORTATION ?mho: 5-25-2016 Chic , Appri Re-?! 08,42-16jb EXPIRES 12/3112018 Marloopa County Pali° Worio— nog 13stift Division GRANTOR DAT.111 W1)31031T "A"