A1 TT0008_D25285_DA_NULL.PDF.PDF

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Maricopa County Department of Transportation
Dedication Agreement and Escrow Instructions 
Title Company
Pioneer Title Agency, Inc
Date
January 27, 2025
Address
1550 E. Missouri Ave. 
Phone 
(602) 992-0735
City, State, Zip 
Phoenix, AZ 85014 
Email
Traci.Greenhow@PioneerTitleAgency.com
Escrow Officer
Traci J. Greenhow
Escrow No.
76108318-061-T32
Grantor
Valk Properties V, LLC, a Texas limited liability company
Phone
(480)588-7226
Contact 
SEG
Mailing Address 
5240 N. 16th Street 
Email
padmin@azseg.com
City, State, Zip
Phoenix, AZ 85016
Grantee
Maricopa County, a political subdivision of the State of Arizona
Mailing Address 
Maricopa County Real Estate Department, 2801 W. Durango Street, Phoenix, Arizona 85009
PROPERTY OWNER shall deposit with the Title Company, if 
escrowed, all lawful costs incidental to closing as follows:
Sub-
Object 
Code 
Charges and Disbursements to be paid from Grantor's funds as follows 
(check all that apply):
Total Escrow & Title Fees:
Escrow 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
Total Escrow & Title Fees
$0.00 
Recording Fees: 
Deed 
Easement
Mortgage Release 
Release of Lease 
 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 the 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 
Total Recording Fees
$0.00 
Other Charges: 
Release Fees 
S.R.V.W.U.A. 
Taxes – Prorated 
Total Other Charges:
$0.00 
Sub Total:
$0.00
Easement(s):  Consent to easement(s) by secured party (ies).
Other Disbursements: 
Total Closing Costs***
$0.00
Total Purchase Price
$0.00
TOTAL WARRANT**
$0.00
*Escrow and title policy fees based on this amount only.
**Sum of "Total Purchase Price" only.
*** All Closing Costs to be paid by Seller.
Project:
DD10937 Bethany Home Road and Citrus Road
PCN:
TT0008 
Assessor Parcel No.:
502-27-013J
Item No.
D25285 
Right of Way Agent:
Alicia Hernandez
Telephone #
(602)506-8163

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The GRANTOR(S), having executed a conveyance of certain real property rights as described in the Exhibit(s) “A-1”, “A-2”, “B-1” and “B-2”
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 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(s) acknowledge receipt of the amount shown on the closing statement as due Grantor(s).  Either a copy of 
this request or a copy of a signed receipt is to be retained in the escrow file. 
The property owner will pay the costs of the owner’s title insurance policy; fees associated with lender releases or loan payoffs, including endorsements, 
document preparation, and other expenses related thereto; escrow fees and other charges by escrow company 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. 
The property owner/applicant is responsible for all title and escrow cancellation fees if the closing/recording process is not completed.
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(s) 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(s) 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. 
Grantor Agrees: 
i. To grant a deed for the real property described in Exhibit “A-1”, “A-2”, “B-1” and “B-2” to the County of Maricopa for the general welfare
and benefit of the public.
ii. That acceptance of this property in no way obligates Maricopa County to construct or maintain a roadway within the Right of Way granted by
this document.
iii. To be responsible for maintenance of the dedicated right of way until such time if and when a roadway is built to minimum standards, and the
roadway is open and declared into the Maricopa County Transportation System.
Grantee Agrees: 
i. To use the real property described and depicted in Exhibit “A-1”, “A-2”, “B-1” and “B-2” for the general welfare and benefit of the public.
With respect to the development/redevelopment of the property prior to any roadway construction, Grantor(s) 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. 
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.