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Maricopa County Department of Transportation Purchase Agreement and Escrow Instructions Title Company Security Title Agency, Inc. Date Address 4722 N. 24th St., Ste. 200 Phone 602-230-6271 City Phoenix, AZ 85016 Fax Escrow Officer Jason Bryant Escrow No. 15160242 Grantor: 8300 Buckeye, LLC, an Arizona Limited Liability Company (Vincent Curci) Phone: 602 957-0924 Address: 5110 N 401h Street, Ste. 238 Phone: City Phoenix, AZ 85018 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 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 El Total Acquisition of Grantor's Property: Full release of all Title 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 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 not be prorated Taxes - Prorated regardless of the closing date. fl Easement(s): Consent to easement(s) by secured party (ies). Total Other Charges Other Disbursements: Sub Total Title Report Credit Land & Improvements* $1,096,696 Possession date: A May 19, 2017 closing is aspirational but does not constitute a breach of contract with a May 31, 2017 Severance Damages Close of escrow: outside closing date. TCE Date of recording: Cost to Cure Special Conditions Right of Way Contract Yes Er No 1:1 Exhibit "B" Total Closing Costs Entry Agreement YesLJ No El Total Purchase Price $1,096,696 Addendum attached hereto and made a Yes CI No E TOTAL WARRANT** part hereof *Escrow and title policy fees based on this amount only. **Sum of "Total Closing Costs" and "Total Purchase Price" only. Project: MC-85 at 83rd Avenue and Center Turn Lane Expansion PCN: TT0345 Assessor Parcel No.: 101-11-989 Item No 022664 Right of Way Agent: Steve Salazar Telephone # 602-506-4883 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. 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. Instructions to Escrow Agent: Deposit all escrowed funds in escrow account 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 due 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. It is understood and agreed the consideration expressed herein is accepted by the Grantor as full and complete compensation for the interest being acquired It is 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. GRANTO AO BUCKEYE, LLC, an RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: Arizona jfed Liability Company MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF OF TRANSPORTATION SUPERVISORS By: 'y tic E (LIT - Its: 4/16,11/t96fie__ ht,y/f ,h4-rr Real Property Branch Manager Chairman of the Board 4/R te f r7 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 GRANTOR DATE 111- 0.CW GRANTOR DATE Parcel No. 101-11-989 Project No. TT345 MC-85 at 83RD AVENUE and CENTER TURN LANE EXPANSION Item No. 1)22664 EXIllBIT "A" LEGAL DESCRIPTION A portion of the property described in Document 1999-0674068, Maricopa County Recorder's Office, being a portion of the Southeast quarter of Section 10, Township 1 North, Range 1 East, Gila and Salt River Meridian, Maricopa County, Arizona, being more particularly described as follows: COMMENCING at the Southeast corner of said Southeast quarter of Section 10, from which the South quarter corner of said Section bears South 84°5130" West a distance of 2615.04 feet and from which the East quarter corner of said Section bears North 00°01'29" East a distance of 2668.61 feet; thence along the South line of the said Southeast quarter, South 84 051 130" West a distance of 1030.61 feet; thence leaving said South line, North 05 007 131" West a distance of 65.00 feet to the Southeast corner of "86th Avenue Industrial Park" as shown in the plat recorded in book 959 Page 39, MCR, being also the North line of the South 65.00 feet of said Southeast quarter and the POINT OF BEGINNING; thence continuing, North 05 007 131" West a distance of 496.08 feet; thence North 87°48'51" East a distance of 544.20 feet to the Northwest corner of the property conveyed to "Quick Trip Corporation" in document 2016-0326570; thence along the East line of said property, South 00 001 129" West a distance of 469.92 feet to a point on the North line of the South 65.00 feet of said Southeast quarter; thence along last said North line, South 84°51'30" West a distance of 501.30 feet to the POINT OF BEGINNTNG. The above described parcel contains 252,114 square feet or 5.7877 acres, more or less. Page 1 of 1. MAR1COPA COUNTY DEPARTMENT OF TRANSPORTATION Prelim: 06/13/16 jb Chk: Appr: Rev: 09/22/16 jb; 9/2 6/16 jb; 12/21/16 jb Maricopa County Public Works - Real Es4te Division EXPIRES 12/31 12017 GRANTOR 4„-- DATE EXHIBIT "A" NW Cor Quick Trip per 101-11-977 Doc, 2016-0326570 — N87°48'51 "E 544.20' N.T.S. East line FEE ACQUISITION 101 MCR 959-35 11 002T 022664 8300 Buckeye LLC ing-1 1-989 )-0674068 o ) co 501.30' cD N05°07`31" 65.00' 1 0] _______ .i..„..=1030.611., • IVIC85 S84°51'30"W 2615,04' t LanoTh T LEGEND: KENNETH 22260 W. PROPOSED RM 6 a/272M GREEN , PROPERTY LINE td EXIT. R/W D22664 FEE ACQUISITION 252,114 SQUARE FEET OR 5,7877 ACRES EXPIRES 12/31/2017 PUBLIC WORKS REAL ESTATE DIVISION MC 85 at 83rd AVENUE and CENTER TURN LANE EXPANSION PROJECT No.TT345 ITEM No. D22664 DATE 12-21-16 M.C.D.O,T, R/W Tech: Agent: jb S.S. EXHIBIT "B" RIGHT OF WAY AGREEMENT Parcel No.: 101-11-989 Project No.: TT0345 Project Name: MC85 at 83rd Avenue & Center Turn Lane Expansion Item No.: D22664 (SS) 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 herein for the general welfare and benefit of the public. B. To pay the Grantors the sum of One Million Ninety Six Thousand Six Hundred Ninety-Six and No/100 DOLLARS ($1,096,696.00) as payment in full for the Fee Simple property described herein. C. To construct a screen wall per City of Tolleson development requirements. The wall will be constructed of 8"x8"xl 6" CMU blocks with a 2' x 10" tall concrete footing with a continuous #4 rebar, six (6) feet in height along the common property line with 8300 Buckeye, LLC to the north. The wall will be 554 linear feet in length. The wall will be constructed concurrently with the planned improvements on the property and prior to any subsequent transfer by Maricopa County of all or any portion of the property. D. Grantee acknowledges and understands that there are two (2) private fire water supply stubs on the north property line of the Property that originate from the property located adjacent to north property line of the Property, as generally depicted on Exhibit D-5 of that certain Development Agreement between Grantor and the City of Tolleson, Arizona, an Arizona municipal corporation, dated January 25, 2000 and recorded as Document No. 2000-0115987, Official Records (the "Development Agreement"). Grantee hereby assumes the maintenance and repair responsibility for such private fire water supply stubs and shall be responsible to repair the same if damaged. Grantee will have the right, at Grantee's sole cost and expense, to remove the private fire water supply stubs, provided that Grantee gives Grantor advance written notice of its intent to remove same and allows Grantor reasonable input as to the design and timing of such removal. E. That no costs relating to construction of roadway improvements on Project No. TT0345 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 One Million Ninety Six Thousand Six Hundred Ninety-Six and No/100 DOLLARS ($1,096,696.00) as payment in full for the Fee Simple property described herein.