A1. PURCHASE AGREEMENT AND ESCROW.PDF
Extracted text (via ocr_local)
8207 characters
Flood Control District of Maricopa County Purchase Agreement and Escrow Instructions Title Company Security Title Agency, Inc. Date July 16, 2025 Address 2415 E Camelback Road, Suite 200 Phone 602-230-6275 City Phoenix, AZ 85016 Fax 602-923-0452 Escrow Officer Adrianna Cabello Email Adrianna.Cabello@securitytitle.com Escrow No. ST 15241045 Adela Franco McKee, as Personal Representative of the Estate of Mary C. Gonzalez, Grantor: deceased, Maricopa County, Probate Case No. PB2024-071283 Phone: Contact Adela Franco-McKee Phone: | 602-320-6836 Mailing Address: [8960 McNeil Ranch Road Email City, State Zip Wickenburg, AZ 85390 Grantee: FLOOD CONTROL DISTRICT OF MARICOPA COUNTY, a political subdivision of the State of Arizona Mailing Address: Real Estate Department, 2801 W, Durango Street, Phoenix, Arizona 85009 The DISTRICT 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: Charges and Disbursements to be paid from Grantor's funds as follows (check all that apply): Escrow & Title Fees Escrow Fees Title Policy Fees TBD Title Report Fees TBD Title Report Credit Total Escrow & Title Fees EX] Total Acquisition of Grantor's Property: Property Owner to provide all unrecorded easements, liens, etc. which Owner possesses, or which owner has knowledge. Ful! release of all monetary liens and encumbrances, and leases of any kind, Pay in full al! 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 shail withhold the prorated amounts from each party and pay the lien of the current year’s taxes in full. Recording Fees: Deed Easement [ Mortgage Release Release of Lease Total Recording Fees Other Charges: Release Fees (1 Partial Acquisition of Grantor's Property: Partial release of all monetary liens and encumbrances, and leases of any kind. At the discretion of the DISRICT, 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 DISTRICT’S partial acquisition, and any Certificate(s) of Purchase. The current year’s taxes shall not be prorated regardless of the closing date. S.R.V.W.ULA, Taxes - Prorated Tota! Other Charges Sub Total I i (__Easement(s): Consent to easement(s) by secured party(ies). Purchase Price Land and Improvements* $210,000.00 Total Compensation $210,000.06 Total Escrow & Title, Recording, and Other Costs Total Purchase Price $210 000.00 TOTAL WARRANT#** TBD * Escrow and title policy fees based on this amount only, **Sum of "Total Closing Costs" and "Total Purchase Price" only. POC = Paid Outside of Closing Project: Gila Bend FPAP Project PCN: [| 700.24.36 Assessor Parcel No.: 402-14-031B item No | FO0484 Right of Way Agent: Jennifer Rodriguez Telephone No. | 602-506-4897 Consultant Cherisse Young Telephone No. | 602-682-0000 ‘The GRANTOR and GRANTEE, having agreed to execute the éonveyance of certain real property rights described in Attachments 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 the DISTRICT, title to said property to be transferred upon execution of the conveyance by the MARICOPA COUNTY BOARD OF DIRECTORS. 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 Ihe terms herein. Instructions to Escrow Agent: Deposit all escrowed finds in escrow account and disburse same by check; pay encumbrances in accordance with this agreement; prorate all agreed items; record stich escrowed inslruments as are necessary or proper in the issuance of title insurance; and pay the balance of the escrowed funds to the parly or parties entitled thereto. It is further understood and agreed that the Title Company shalt 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 isa true and correct statement of disbursement of finds collected from the “DISTRICT.” . ‘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. The DISTRICT will pay the costs of the owner’s title insurance policy; fees assaciated with lender releases or loan pay-off, 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, the DISTRICT may, at its option, waiye escrow and/or title insurance. Upon such waiver, the references to Title Company, Escrow Agent and title insurance herein ace not applicable. ‘ if any element of this transaction is not handled through a title company, the conveyance will be delivered directly to the DISTRICT and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the MARICOPA COUNTY BOARD OF DIRECTORS 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, fill and complete compensation for ail injury or damage to the Grantor’s remaining lands by reason of their severance from the part being acquired and (he construction of the improvements in the manner proposed by the DISTRICT. The DISTRICT agrees to pay and the GRANTOR accepts the payment in full for the property described herein: . © Warranty Deed for Real property in the amount of TWO HUNDRED TEN THOUSAND and No/i00 Dollars ($210,000.00). described and depicted in attachment A. ‘The DISTRICT shail be responsible to the extent that damage accurs out of he DISTRICT's occupation of the Grantor's property caused by the DISTRICT’s negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of the DISTRICT'S temporary occupancy of the property. All claims shall be submitted in accordance with the requirements of ARS 12-821. 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 judiciat or administrative proceeding, GRANTOR: Adela Franco McKee, as © RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: Personal Representative of the Estate of FLOOD CONTROL DISTRICT OF MARICOPA COUNTY BOARD OF Mary C. Gonzalez, deceased, Maricopa MARICOPA COUNTY DIRECTORS County, Probate Case No. PB2024-071283 Shp ( mibom 8/1/2025 Adela Franco McKee Paul Baughman Date Chairman of the Board 7- / (2 ~2625 Director, Flood Control District Date Domusigned by: Date Cc 713112025 Alex Smith Date ATTEST: Director, Real Estate Department Clerk of the Board of Directors APPROVED AS TO FORM and within the powers and authority granted under the laws of the State of Arizona, ‘Signed by: Maye &. Carpinelli Max Carpinelli Date Flood Control District General Counsel 713112025 Date Attachment A Legal Description for Warranty Deed Parcel No. 402-14-031B Floodprone Properties Assistance Program Project No. 700.24.36 Item No. F00484 Exhibit “A” THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF MARICOPA, STA TE OF ARIZONA AND IS DESCRIBED AS FOLLOWS: The East half of Lots 23, 24, 25 and 26, Block 32, GILA TOWNSITE, according to Book 1 of Maps, Page 57, records of Maricopa County, Arizona.