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Maricopa County Department of Transportation Purchase Agreement and Escrow Instructions Title Company Security Title Agency, Inc. Phone Date 602-230-6271 Address 4722 N. 24th St., Ste. 200 Fax City Phoenix, AZ 85016 Escrow Officer Jason Bryant Escrow No. 8300 15160240 Buckeye, LLC, an Arizona Limited Liability Company (Vincent Curci) Phone: 602 957-0924 Grantor: Phone: Address: 5110 N 40th Street, Ste. 238 Fax: City Phoenix, AZ 85018 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: O Total Acquisition of Grantor's Property: Full release of all Escrow Fees monetary liens and encumbrances, and leases of any kind. Title Policy Fees 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 shall withhold the prorated amounts from each party and pay Recording Fees: the lien of the current year's taxes in full. Deed Easement El Partial Acquisition of Grantor's Property: Partial release of all Mortgage Release monetary liens and encumbrances, and leases of any kind. Release of Lease At the discretion of Maricopa County, pay due and delinquent property taxes and general and special improvement Total Recording Fees assessments, including full payment of taxes and assessments on individual assessor parcels within the Other Charges: Maricopa County's partial acquisition, and any Certificate(s) Release Fees of Purchase. The current year's taxes shall not be prorated S. R.V.W.U.A. regardless of the closing date. Taxes - Prorated • Easement(s): Consent to easement(s) by secured party (ies). Total Other Charges O Other Disbursements: Sub Total Title Report Credit Possession date: Land & Improvements* $5,457.00 Close of escrow: Severance Damages Date of recording: TCE Minor Cost to Cure $2,666.00 Special Conditions Right of Way Contract Yes El No Exhibit "B" Entry Agreement Yes D No El Total Closing Costs $8,123.00 Addendum attached hereto and made a Yes 0 No El Total Purchase Price part hereof TOTAL WARRANT** *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: MC-85 at 83rd Avenue and Center Turn Lane Expansion PCN: TT0345 Item No D22709 Assessor Parcel No.: 101-11-977 Telephone # 602-506-4883 Right of Way Agent: Steve Salazar Escrow Agent shall first apply the purchase price on deposit to satisfy such taxes, Deed of Trusts, leasehold interests, special assessments, and The encumbrances as may be authorized for payment, and the balance thereof shall be paid in accordance with the terms herein. . other The Escrow Agent is to withhold $ 0.00 as a security deposit pending satisfactory delivery of the subject property to IVIARICOPA COUNTY COUNTY from by the the Grantor. Grantor agrees MARICOPA COUNTY may apply the security deposit to payment of any unpaid rents due date MARICOPA of this agreement MARICOPA Grantor, Otto payment for any loss or damage sustained by MARICOPA COUNTY caused by the Grantor after accordance the with this agreement, after COUNTY will make written authorization to the Escrow Agent for disbursement of the security deposit in 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 and with pay the this agreement; prorate all agreed items; record such escrowed instruments as are necessary or proper in the issuance of title insurance; shall not be responsible balance of the escrowed funds to the party or parties entitled thereto. It is further understood and agreed that the Title Company for any liens or encumbrances not of record at the closing of escrow. or MARICOPA COUNTY - Public Works Real Estate Division will be furnished a copy of the Grantor's closing statement with the The Right of Way Agent an authorized officer: "This is to certify this is a true and correct statement of disbursement of funds collected from following certification signed by MARICOPA COUNTY,' the Grantor acknowledge receipt of the amount shown on the closing statement as due Grantor. Either a copy of this The Escrow Agent is to request 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 incidental pay-offs, to including the closing endorsements, of escrow. In document preparation, and other expenses related thereto; escrow fees and other charges by escrow companies the references to Title Company, Escrow the alternative, Maricopa County may, at its option, waive escrow and/or title insurance. Upon such waiver, Agent and title insurance herein are not applicable. If this transaction is not handled through a title company, the conveyance Will be delivered directly to MARICOPA COUNTY and payment and the final will filing be made and direct from the Grantee to the Grantor after approval and acceptance by the MARICOPA COUNTY BOARD OF SUPERVISORS recording of the documents. agreed the consideration expressed herein is accepted by the Grantor as full and complete compensation for the interest being It is understood and is a partial acquisition from a larger parcel, the consideration expressed herein is likewise; full and complete compensation acquired. If the acquisition remaining lands by reason of their severance from the part being acquired and the construction of the for all injury or _damage to the Grantor's 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 property to remove in 30 or relocate days. Grantor such improvements not later than 30 days from notice from County of its intent to commence construction on the acquired removal, all improvements remaining assumes all liability connected with said removal. It is further agreed that upon expiration of the time all provided rights of for the Grantor to said improvements shall partially or wholly upon the lands conveyed shall become the property of MARICOPA COUNTY and said improvements. License is hereby granted to cease and terminate. Grantor shall be liable for the reasonable costs incurred in necessary removing to accomplish the purpose of this agreement. MARICOPA COUNTY pelts agents to enter upon the Grantor's remaining lands where ,ty tlement is being made in lieu of condemnation, and therefore not admissible as evidence of value, nor for any other evidentiary It is further agreed se parpose, in conffikten with any judicial or administrative proceeding. GRANTOP: 8U0 BUCKEYE, LLC, an RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: Arizona Ljhiit4Td Liability Company MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF OF TRANSPORTATION SUPERVISORS By: \I IS( El\-YT C 0 Its: iv\ 6 .;610,061L. Real Property Branch Manager Chairman of the Board 4/ 2 C.. 1 a 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 Parcel No 10141-977 Project No, TT345 MC-85 at 83RD AVENUE and CENTER TURN LANE EXPANSION Item No 022709 EXHTIIIT "A" LEGAL DESCRIPTION FOR WE SIMPLE RIGHT OF WAY A portion of the property described in Document 2001-0120304, Maticopa County Recorder's 0#1ce, being a portion of the Southeast quarter of Section 10, Township 1 North, Range 1 East, Gila and Salt River Meridian, Marioopa County, Arizona, 'being more particularly described as follows: COMMENCING at the Southeast COMM' of said Section 10, from which the South quarter corner beam South 84'51'30" West, 129" a distance East along of 2615.04 the east feet; line of said Southeast quarter of Section 10, a distance THENCE North 00'01 THENCE of 535.23 feet; leaving said east line South 84 051'14" West, a distance of 55,22 feet to a point on the existing west right of way line of 83 rd A-venue, said point also being the southeast corner of the property described in Document 2001-0120304, Maricopa County Recorder's Office and the POINT OF BEGINNING; THENCE South 84.'51 114" West along the south line of said property described in Document , 2001- 0120304, a distance of 15.79 feet; THENCE North 03 014150" East, a distance of 4228 foot; TIONCE North 3703915411 East, a distance of 21.86 foot to said west fight of way line; THEN-CE South 000011290 West along said west right of -way ne, a distance of 58.09 feet to the POINT OF BEGINNING. The above described parcel contains 718 square feet or 0.0165 acres, more OT less. Page 1 of1 MARI CO PA COUNTY DEPARTMENT 0 TRANSPORTATION Pro Iim 02/20/2013 LV Lci'i i Appr: Rev: 11/05/2015 EXPIRES 12131/2017 Martcopa County Public Works - Real Estat- IViS1011 GRANTOR DATE q-2,5-- 0 EXEMET "A" NO I LENGTH Li 1 111/ 41''"11'1111"7k/ 55.22' I L2 I 11'"11'11'1/V 15.79' L3 '1 IL • 42.28' N 37S9'54'' E 21.861 L5 58.09i 101 12 . 616 PROP. VW D22709 D22709 \ 8300 Buckeye LLON 101-11-077 MG85 - S64°51'.30"W 2615,04' LEOEND: PROPOSED RN pee Pewm. PROPERTY LINE D22709 NEW R/W (718 square feet or 0.0165 acres EXPIRES 12131/2017 PUBLIC WORKS REAL ESTATE DIVISION MC 85 at 83rd AVENUE and CENTER TURN LA NE EXPANSION RAW Agent: R.S. PROJECT No,11345 J ATEM No, D22709 DATE 2-1546 M‘C.D.O,T. Tech jb EXHIBIT "B" RIGHT OF WAY AGREEMENT Parcel No.: 101-11-977 Project No : TT0345 Project Name: MC85 at 83rd Avenue & Center Turn Lane Expansion Item No.: D22709 (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 Three Thousand One Hundred Twenty-Three and No/100 DOLLARS ($3,123.00) as payment in full for the Fee Simple property described herein. C. To pay the Grantors the sum of Two Thousand Three Hundred Thirty-Four and No/100 DOLLARS ($2,334.00) for Site Improvements identified as +/- 718 sf of green and gravel landscaping and asphalt paving. D. To pay the Grantors the sum of Two Thousand Six Hundred Sixty-Six and No/I00 DOLLARS ($2,666.00) for the removal and relocation of the metal pole gate and reconfigure underground irrigation system. 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 Three Thousand One Hundred Twenty-Three and No/100 DOLLARS ($3,123.00) as payment in full for the Fee Simple property described herein. 3. To accept the sum of Two Thousand Three Hundred Thirty-Four and No/100 DOLLARS ($2,334.00) for Site Improvements identified as +/- 718 sf of green and gravel landscaping and asphalt paving. 4. To accept the sum of Two Thousand Six Hundred Sixty-Six and No/I00 DOLLARS ($2,666.00) for the removal and relocation of the metal pole gate and reconfigure underground irrigation system. GRANTOR DATE GRANTOR DATE