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ple RICO 1" . Maricopa County Department of Transportation (BES Le Purchase Agreement and Escrow Instructions U Tittle Company — Security Title Agency, Inc. Date Address 3636 N. Central Ave., 3 Floor Phone — (602) 230-6271 City Phoenix, AZ 85012 Fax (602) 230-6256 Escrow Officer — Bianca Gonzales Escrow No. 15150530-015-BG Granior: WEST OLIVE 43, LLC, an Arizona limited liability company Phone: Address: 5110 N. 73RD Street Phone: City Scottsdale, AZ 85250 Fax: Grantee: Maricopa County, a political subdivision of the State of Arizona Maricopa County Department of Transportation Mailing g Address: * Real Estate Division, 2901 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 foliows (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 reai 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. 1 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 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.ULA, of Purchase. The current year's taxes shall not be prorated Taxes - Prorated regardless of the closing date. [Xx] Easement(s): Consent to easement(s) by secured party (ies). Total Other Charges [] Other Disbursements: Sub Total Title Report Credit Land $13,265.00 Possession date: improvements Close of escrow: Severance Damages Date of recording: Cost to Reestablish $00.00 Special Conditions Right of Way Contract Yes No[] Exhibit B Entry Agreement Yes—] Nol Total Closing Costs : Addendum aitached hereto and made a Yes] Nol] Totat Purchase Price $13,265.00 part hereof TOTAL WARRANT** *Escrow and title policy fees based on this amount only. *Sum of Total 5 1 31 1 2 4 493 2618 134 36 96.004585 Closing 5 1 31 1 2 5 642 2618 117 28 95.882843 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.: 502-83-147 Item No D23328-2 Right of Way Agent: J.R. Williams Telephone # 602-506-4893 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 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. If this transaction is not handled through a title company, the conveyance will be delivered directly to MARICOPA COUNTY and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the MARICOPA 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 the 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 MARICOPA COUNTY and all rights of the Grantor to said improvements 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 COU a portion of Grantor’s property, then Grantor grants to MARICOPA COUNTY, its agents, employees and contractors, the right maining property as necessary for utility reconnection, driveway reconnection and to facilitate construction on adjacent County ow equired. MARICOPA COUNTY shall be responsible to the extent that damage occurs out of MARICOPA COUNTY's occupati roperty caused by MARICOPA COUNTY's negligence, or by the negligent acts or conduct of its agents, employees, or contractors term of MARICOPA COUNTY 's temporary occupancy of the property. All claims shall be submitted in accordance . with the requirements, of* 21,° It is further understood and agreed that this temporary right will expire and terminate thirty (30) days after completion of the above re’ project. GRANTOR: : : WEST OLIVE 43, LLC, an Arizona limited RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: liability company MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF OF TRANSPORTATION SUPERVISORS Li LL (i Real Property Branch Manager Chairman of the Board , By: iz /ia/a / Ole ATTEST: [Mines 77] nae _ Approved as to form within the anthoniparthe Board poeta Clerk of the Board of Supervisors Accepted Date ESCROW OFFICER Deputy County Attorney Date Date GS/CS Revised 10/6/2009 EXHIBIT B RIGHT OF WAY AGREEMENT Parcel No.: 502-83-147 Project No.: TT0497 — Olive Avenue Citrus Road to Cotton Lane Item No.: D23328-2 (IRW) 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 Thirteen Thousand Two Hundred Sixty-Five and No/100 Dollars ($13,265.00) as payment 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 Grantor except as may be herein otherwise agreed. D. That no costs relating to construction of roadway improvements on Project No. TT0497 Olive Avenue (Citrus Road to Cotton Lane) will be charged to the Grantor. THE GRANTORS AGREE: 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 2. To the sum of Thirteen Thousand Two Hundred Sixty-Five and No/100 Dollars ($13,265.00) as accept payment in full for the property described herein. 3. 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. 4. That, upon the Grantor's signing of the Drainage Easement, the County and/or its agents shall have immediate use of the property described herein. cxanron/ Mpa 12-8716 EXHIBIT “B”