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Maricopa County
Purchase Agreement and Escrow Instructions
Title Company
Pioneer Title Agency Inc.
Date
March 7, 2026
Address
1550 E Missouri Ave
Phone
(602)328-8925
City
Phoenix, AZ 85014
Escrow Officer
Jennifer Siverio
Email
jennifer.siverio@pionee
rtitleagency.com
Escrow No.
72504189-025-JS1
Grantor
Iv Veng Lim (as to an undivided 25% interest); Seak Heng Lov and
Kim Ly Lov, as Trustees of the Lov Family Revocable Living Trust
dated 10-1-05 (as to an undivided 25% interest); Ken Van Chau
and Kim Kheng Chau, Trustees or the successors in trust under the
Chau Family Revocable Living Trust dated December 22, 2005, and
any amendments and/or restatements thereto (as to an undivided
25% interest); and Seak Heang Lov, Trustee of the successor in
trust under the Seak Heang Lov Trust dated August 31, 2015, and
any amendments and/or restatements thereto (as to an undivided
25% interest)
Phone
Phone
Address
7729 W. Acapulco Lane, Peoria, AZ 85381
Email
Grantee
Maricopa County, a political subdivision of the State of Arizona
Mailing Address
Real Estate Department, 2801 W. Durango Street, Phoenix, Arizona 85009
MARICOPA COUNTY shall pay directly to the Grantor, or
deposit with the Title Company if escrowed, the purchase
price plus all lawful costs incidental to closing as follows:
Sub-
Obje
ct
Code
Charges and Disbursements to be paid from Grantor's funds
as follows (check all that apply):
Escrow & Title Fees:
Escrow & Title Fees:
TBD
Total Acquisition of Grantor's Property: Full release of all
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 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.
Title Policy Fees
TBD
Title Report
$0.00
Title Report Credit
$0.00
Total Escrow & Title Fees
TBD
14
Recording Fees:
Release & Reconveyance
Release of Lease
Total Recording Fees
TBD
14
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 assessments
on individual assessor parcels within Maricopa County's partial
acquisition, and any Certificate(s) of Purchase. The current
year's taxes shall not be prorated regardless of the closing date.
Other Charges:
Release Fees
Consent Fees
S.R.V.W.U.A.
Taxes -Prorated
Total Other Charges
14
Sub Total
TBD
Total Purchase Cost:
Easement(s): Consent to easement(s) by secured parties.
Land*
$11,245.00
11
Administrative Settlement
$18,755.00
10
Total Purchase Cost
$30,000.00
Total Escrow, Title, and Other Charges
TBD
14
Total Purchase Cost
$30,000.00
TOTAL WARRANT**
TBD
*Escrow and title policy fees based on this amount only.
**Sum of "Total Closing Costs" and "Total Compensation" only.
Project Name:
Chip Seal – Taft Ave and Vine St
Project Number:
MH2508
Assessor Parcel No.:
503-40-007 and 503-40-025
Item No.
D25365
Right of Way Agent:
Charles Yi
Telephone #
(602) 506-8684
Page 2 of 6
Project MH2508
Chip Seal – Taft Ave and Vine St
Parcel: 503-40-007 and 025
Item No.: D25365
The GRANTOR and GRANTEE, having agreed to execute the conveyance of certain real property rights described in
Attachment A 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 execution of
the conveyance by the MARICOPA COUNTY 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 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 Real Estate Department 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.
If any element of 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
also includes; 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.
MARICOPA COUNTY agrees to pay, and the GRANTOR accepts the payment in full for the property described herein:
i. Warranty Deed for real property in the amount of Eleven Thousand Two Hundred Forty-Five and No/100 Dollars
($11,245.00), as described and depicted in Attachment A.
ii. Administrative Settlement in the amount of Eighteen Thousand Seven Hundred Fifty-Five and No/100 Dollars
($18,755.00)
If in the opinion of the Transportation Director it becomes necessary, MARICOPA COUNTY, or its agents, is hereby
granted to enter upon the remaining property for the purpose of private structure relocation in kind to the GRANTOR’s
property, clear of the property described herein, and at no expense to the GRANTOR except as may be herein otherwise
agreed.
With respect to the development/redevelopment of the property prior to construction of project TT0011-MH2508,
GRANTOR will be responsible only for the costs of improvements required by the County or a municipality as part of a
regulatory approval related to development/redevelopment of the property.
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.
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.
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.
GRANTORS: IV Veng Lim (as to an
undivided 25% interest)
Iv Veng Lim/
Date: '3, l-1 /z,iJ U
t
I
GRANTORS: Seak Heng Lov and
Kim Ly Lov, as Trustees of the Lov
Family Revocable Living Trust dated
10-1-05 (as to an undivided 25%
interest)
Date:3- [-202{
GRANTORS: Ken Van Chau and
Kim Kheng Chau, Trustees or the
successors in trust under the Chau
Family Revocable Living Trust dated
December 22, 2005, and any
amendments and/or restatements
thereto (as to an undivided 25%
interest)
Kim Kheng Chau, as Trustee
GRANTOR: Seak Heang Lov, Trustee
or the successor in trust under the
Seak Heang Lov Trust dated August
31, 2015, and any amendments and/or
restatements thereto (as to an
undivided 25% interest)
A4¢1 k .CX,\rv-
() 3 /o 1/2.&Y
Seak Heang Lov, as Trustee
Project MH2508
Chip Seal - Taft Ave and Vine St
ACCEPTED AND APPROVED:
MARICOPA COUNTY BOARD
OF SUPERVISORS
BY:
Chair, Board of Supervisors
Date: ------
ATTEST:
Clerk of the Board
Date: ____ _
APPROVED AS TO FORM and within the
powers and authority granted under the laws
of the State of Arizona.
Date: 3/23/2026
Page 3 of 6
Parcel: 503-40-007 and 025
Item No.: 025365
Page 4 of 6
Project MH2508
Chip Seal – Taft Ave and Vine St
Parcel: 503-40-007 and 025
Item No.: D25365
Attachment A
Legal Description
for
Warranty Deed
Page 5 of 6
Project MH2508 Chip Seal –
Taft Ave and Vine St
Parcel: 503-40-007 and 025
Item No.: D25365
Page 6 of 6
Project MH2508 Chip Seal –
Taft Ave and Vine St
Parcel: 503-40-007 and 025
Item No.: D25365