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Maricopa County Department of Transportation Purchase Agreement and Escrow Instructions Title Company Empire West Title Agency Date 3/2/2016 Address 4808 N. 22nd St., Ste 100 Phone 602-749-7082 City Phoenix, AZ 85016 Fax 602-674-0864 Escrow Officer Sharon Dyke Escrow No. 40132EW William S. Bolin and Paula M. Bolin, husband and wife to Maricopa County, a Grantor: political subdivision of the State of Arizona Phone: 480.563.8553 Address: 29455 N. Cave Creek Road, Suite 118-219 Phone: City Cave Creek, AZ 85331 email: billbolin@hotmail.com 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 E 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. 111 Easement(s): Consent to easement(s) by secured party (ies). Total Other Charges 1=1 Other Disbursements: Sub Total Title Report Credit Land & Improvements* $3,163.00 Possession date: Severance Damages Close of escrow: TCE Date of recording: Cost to Cure Special Conditions Right of Way Contract Yes LE] No El Exhibit "B" Total Closing Costs Entry Agreement Yes El No El Total Purchase Price Addendum attached hereto and made a Yes 111 No El TOTAL WARRANT** $3,163.00 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: TT525 - Peak View Rd PCN: TT525 Assessor Parcel No.: 211-44-203 Item No D23208 Right of Way Agent: Frank Ulloa 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 COUNTY is acquiring only a portion of Grantor's property, then Grantor grants to MARICOPA 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's occupation of the Grantor's property caused by MARICOPA COUNTY's negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of MARICOPA 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 (30) 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, nor for any other evidentiary purpose, in conjunction with any judicial or administrative proceeding. GRANTOR: William S. Bolin and Paula M. RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: Bolin, husband and wife to Maricopa County, a political subdivision of the State MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF of Arizona OF TRANSPORTATION SUPERVISORS aip(i A William S. Bolin Land Acquisition Branch Manager Chairman of the Board aD,(e 010201‘. ATTEST: Date Paula M. M. Bolin Apprpred asito formAithin the poWersi anliau;horNof th0Board of Clerk of the Board of Supervisors Supe,Nis Accepted Date ESCROW OFFICER Date GS/CS Revised 10/6/2009 EXHIBIT "B" RIGHT OF WAY AGREEMENT Parcel No.: 211-44-203 Project No.: TT525 Peak View Rd (58th St. to 60th St.) Item No . : D23208 (FU) 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 One Thousand Three Hundred Thirteen Dollars and 00/100 ($1,313.00), as payment full for the property described herein. C. To pay the Grantors the sum of One Thousand Eight Hundred Fifty Dollars and 00/100, ($1,850.00), as payment in full for the improvements located on the property described herein. Large Cholla, (1) =$ 400.00 Large Agaves (2 @ $200.00/each) =$ 400.00 8' tall Palo Verde Tree (1) =$ 800.00 Replanting Costs =$ 250.00 Improvement Total =$1,850.00 D. 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. E. That no costs relating to construction of roadway improvements on Project No. TT525 Peak View Rd. (58th St. to 60th St.) 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. To accept the sum of One Thousand Three Hundred Thirteen Dollars and 00/100 ($1,313.00), as payment full for the property described herein. 3. To accept the sum of One Thousand Eight Hundred Fifty Dollars and 00/100, ($1,850.00), as payment in full for the improvements located on the property described herein. Large Cholla, (1) =$ 400.00 Large Agaves (2 @ $200.00/each) =$ 400.00 8' tall Palo Verde Tree (1) =$ 800.00 Replanting Costs =$250.00 Improvement Total =$1,850.00 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 Warranty Deed, the County and/or its agents shall have immediate use of the property described herein. GRANTOR (0g7, DATE 4(-26-20/6 GRANTOR7 DATE (,04 EXHIBIT "B" Parcel No 211-44-203 Project No TT410 PEAK VIEW ROAD 58th Street to 60th Street ITEM No D23208 EXHIBIT "A" LEGAL DESCRIPTION A portion of a property located in the South half (S2) of the Northeast (NE4) of the Northeast quarter (NE4) of the Northeast quarter (NE4) of the Southwest quarter (SW4) of Section 28—T5N, R4E of the Gila and Salt River Base and Meridian, Maricopa County, Arizona. Said portion are more particularly described as follows: COMMENCING at the Northeast Corner of the Southwest quarter of said Section 28, from which the West quarter corner of said Section 28 bears South 89°50'56" West, a distance of 2643.40 feet and from which the North quarter corner of said Section 28 bears North 00°08'47" East, a distance of 2643.12 feet; thence along the East line of said Southwest quarter, South 0 003'43" West a distance of 165.14 feet to the POINT OF BEGINNING; thence continuing, South 00°03'43" West a distance of 45.73 feet; thence leaving said East line, South 88°00'25" West, a distance of 9.50 feet to the beginning of a non-tangent curve, the center of which bears South 88°00'25" West, a distance of 525.00 feet; thence northerly along the arc of said curve, through a central angle of 05°02'26", for an arc distance of 46.19 feet to the beginning of a non-tangent line; thence North 89°51'00" East, a distance of 13.17 feet to the POINT OF BEGINNING. The above described parcel contains 505 square feet or 0.0116 acres, more or less. Page 1 of 1 wICAr67,(7 c.3 22260 KENNETH W. GREEN -- MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION S'• 2004 Prelim: 4/30/2014 jb Chk: Appr: Rev: 11/25/14 jb ; 08/24/15 jb; 11/23/15 jb Maricopa County Public Works - Real Estate Division EXPIRES 12/31/2014 GRANTOR Go9 DATE ,r-g6-07o/eS EXHIBIT "A"