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Page 1 of 8
Maricopa County
Purchase Agreement and Escrow Instructions
Title Company
Security Title Agency
Date
July 31, 2024
Address
4722 N. 24th Street
Phone
602-230-6271
City
Phoenix, Arizona 85016
Fax
602-926-0452
Escrow Officer
Jason Bryant
Email
jbryant@securitytitle.com
Escrow No.
15210632-015-JB6-SW
Grantor
Bel Vue LLC, a Delaware limited liability company
Contact
Jay Gill
Phone:
617-672-6146
Mailing Address
1 Post Office Square, 16th Floor
Email
john.gill@eatonvancemanage
ment.com
City, State Zip
Boston, MA 02109
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-
Object
Code
Charges and Disbursements to be paid from Grantor's funds as
follows (check all that apply):
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.
Total Escrow & Title Fees
Escrow Fees
$ 595.00
Title Policy Fees
$ 696.00
Title Report
$
0.00
Title Report Credit
$
0.00
Total Escrow & Title Fees
$ 1,291.00
14
Recording Fees
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.
Release & Reconveyance
$
0.00
Release of Lease
$
0.00
Total Recording Fees
$
0.00
14
Other Charges
Release Fees
TBD
Consent Fees
$
0.00
S.R.V.W.U.A.
$
0.00
Taxes -Prorated
$
0.00
Total Other Charges
TBD
14
Easement(s): Consent to easement(s) by secured party.
Sub Total
TBD
Compensation Costs
Land*
$ 4,635.00
11
TCE
$ 500.00
12
Improvements
$ 2,960.00
10
Administrative Settlement
$ 4,965.00
11
Total Compensation Costs
$ 13,060.00
Total Escrow & Title Costs
TBD
14
Total Compensation Costs
$ 13,060.00
TOTAL WARRANT**
TBD
*Escrow and title policy fees based on this amount only.
**Sum of "Total Closing Costs" and "Total Compensation" only.
Project Name:
Northern Parkway Improvements
Project Number:
TT0372
Assessor Parcel No.:
142-55-692
Item No.
D24436
Right of Way Agent:
Shaquetta Roan
Telephone #
602-506-4883
Page 2 of 8
The GRANTOR and GRANTEE, having executed a conveyance of certain real property rights as described and depicted in the Exhibits “A-1”, “B-
1”, “B-2”, “C-1”, and “C-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 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. Site Improvements located on the property in the amount of Two Thousand Nine Hundred Sixty and No/100 Dollars ($2,960.00) and
itemized as follows in Exhibit “A-1”.
ii. Real property as Fee Simple Land in the amount of Four Thousand Six Hundred Thirty-Five and No/100 DOLLARS ($4,635.00) described
in Exhibit “B-1” and depicted in exhibit “B-2”.
iii. Temporary Construction Easement in the amount of Five Hundred and No/100 Dollars ($500.00) described in Exhibit “C-1” and depicted in
Exhibit “C-2”.
iv. Administrative Settlement in the amount of Four Thousand Nine Hundred Sixty-Five and No/100 Dollars ($4,965.00).
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 TT0372, 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.
GRANTOR: Bel Vue LLC, a
Delaware limited liability company
.Ø Rcalt} Corporation. a
la v re corporation. its sole member
Signatory
o,;5'
Date
RECOMMENDED
FOR
APPROVAL:
MARICOPA COUNTY DEPARTMENT
OF TRANSPORTATION
Right of Way Supervisor
Date
Approved as to form within the powers
and authority of the Board of Supervisors
Deputy County Attorney
Date
Page 3 of 8
ACCEPTED AND APPROVED:
MARICOPA COUNTY BOARD
OF SUPERVISORS
Chairman of the Board
Date
ATTEST:
Clerk of the Board of Supervisors
Date
5/1/2025
5/2/2025
Page 4 of 8
EXHIBIT "A-1"
Parcel No.: 142-55-692
Item No.: D24436 (SR)
Site Improvements:
7 Tons of Landscaping Gravel @ $130.00=
$ 910.00
Gravel Delivery Fee=
$ 200.00
20 LF of Chain Link Fence @ $35.00/LF=
$ 700.00
2 Shrubs/Bushes/Trees @ $200.00/Plant=
$ 400.00
Drip Irrigation System=
$ 500.00
Tree Shrub Delivery Fee=
$ 250.00
Total Site Improvements=
$ 2,960.00
Wood, Patel & Associates, Inc.
602.335.8500
www.woodpatel.com
Revised July 26, 2024
WP# 215248.80
Page 1 of 2
See Exhibit “B-1”
LEGAL DESCRIPTION
Northern Avenue
Portion of APN 142-55-692
D24436
Public Right-of-Way
A portion of Lot 2, Parke West, recorded in Book 927, page 94, Maricopa County Records (MCR),
lying within Section 33, Township 3 North, Range 1 East, of the Gila and Salt River Meridian,
Maricopa County, Arizona, more particularly described as follows:
COMMENCING at the southwest corner of said Section 33, a 3-inch brass cap in handhole, from
which the south quarter corner of said section, a 3-inch Maricopa County Department of
Transportation brass cap in handhole, bears North 88°40'34" East (basis of bearing), a distance
of 2661.83 feet;
THENCE along the south line of said section, North 88°40'34" East, a distance of 1333.23 feet;
THENCE leaving said south line, North 01°19'26" West, a distance of 86.79 feet, to the southwest
corner of said Lot 2 and the POINT OF BEGINNING;
THENCE along the west line of said Lot 2, North 00°06'00" East, a distance of 18.89 feet;
THENCE leaving said west line, North 88°40'34" East, a distance of 42.67 feet, to the
southeasterly line of said Lot 2;
THENCE along said southeasterly line, South 31°45'14" West, a distance of 20.99 feet, to the
southeast corner of said Lot 2;
THENCE leaving said southeasterly line, along the south line of said Lot 2, South 86°20'43" West,
a distance of 31.71 feet, to the POINT OF BEGINNING.
Containing 674 square feet or 0.0155 acres, more or less.
Subject to existing right-of-ways and easements.
This parcel description was prepared without the benefit of survey fieldwork and is based on client
provided information. Any monumentation noted in this parcel description is based on said
information.
Y:\WP\Parcel Descriptions\2021\215248.80 Northern Ave APN 142-55-692 D24436 Public ROW L91R01 07-26-24.docx
07/26/24
Page 5 of 8
SOUTH 1/4 CORNER SECTION 33, T3N, R1E
3" MARICOPA COUNTY DEPARTMENT OF
TRANSPORTATION BRASS CAP IN HANDHOLE
(BASIS OF BEARING)
NORTHERN AVENUE
SOUTHWEST CORNER
SECTION 33, T3N, R1E
3" BRASS CAP IN
HANDHOLE
POC
LOOP 101
N88°40'34"E 2661.83'
POB
1333.23'
L1
L2
L3
L4
L5
BEL VUE LLC
APN 142-55-692
REPLAT OF PARKE WEST LOT 1
BK 1632, PG 45, MCR
LOT 7
LOT 6
LOT 5
LOT 4
LOT 3
LOT 1
LOT 2
LOT 8
LOT 10
LOT 9
LOT 11
LOT 12
LOT 14
LOT 15
LOT 13
LINE TABLE
LINE
L1
L2
L3
L4
L5
BEARING
N01°19'26"W
N00°06'00"E
N88°40'34"E
S31°45'14"W
S86°20'43"W
DISTANCE
86.79'
18.89'
42.67'
20.99'
31.71'
Z:\2021\215248\Survey\Legal\5248-L91R01.dwg
PORTION OF APN 142-55-692
NOT TO SCALE
PAGE 2 OF 2
WP# 215248.80
REVISED 07/26/2024
PUBLIC RIGHT-OF-WAY
NORTHERN AVENUE
EXHIBIT "A"
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EXPIRES 12-31-2026
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B-2
Page 6 of 8
Wood, Patel & Associates, Inc.
602.335.8500
www.woodpatel.com
Revised July 26, 2024
WP# 215248.80
Page 1 of 2
See Exhibit “C-1”
LEGAL DESCRIPTION
Northern Avenue
Portion of APN 142-55-692
D24436
Temporary Construction Easement
A portion of Lot 2, Parke West, recorded in Book 927, page 94, Maricopa County Records (MCR),
lying within Section 33, Township 3 North, Range 1 East, of the Gila and Salt River Meridian,
Maricopa County, Arizona, more particularly described as follows:
COMMECNING at the southwest corner of said Section 33, a 3-inch brass cap in handhole, from
which the south quarter corner of said section, a 3-inch Maricopa County Department of
Transportation brass cap in handhole, bears North 88°40'34" East (basis of bearing), a distance
of 2661.83 feet;
THENCE along the south line of said section, North 88°40'34" East, a distance of 1333.70 feet;
THENCE leaving said south line, North 01°19'26" West, a distance of 105.67 feet, to the west line
of said Lot 2 and the POINT OF BEGINNING;
THENCE along said west line, North 00°06'00" East, a distance of 2.00 feet;
THENCE leaving said west line, North 88°40'34" East, a distance of 43.93 feet, to the
southeasterly line of said Lot 2;
THENCE along said southeasterly line, South 31°45'14" West, a distance of 2.39 feet;
THENCE leaving said southeasterly line, South 88°40'34" West, a distance of 42.67 feet, to the
POINT OF BEGINNING.
Containing 87 square feet or 0.0020 acres, more or less.
Subject to existing right-of-ways and easements.
This parcel description was prepared without the benefit of survey fieldwork and is based on client
provided information. Any monumentation noted in this parcel description is based on said
information.
Y:\WP\Parcel Descriptions\2021\215248.80 Northern Ave APN 142-55-692 D24436 TCE L92R01 07-26-24.docx
07/26/24
Page 7 of 8
LINE TABLE
LINE
L1
L2
L3
L4
L5
BEARING
N01°19'26"W
N00°06'00"E
N88°40'34"E
S31°45'14"W
S88°40'34"W
DISTANCE
105.67'
2.00'
43.93'
2.39'
42.67'
(BASIS OF BEARING)
NORTHERN AVENUE
LOOP 101
N88°40'34"E 2661.83'
POB
1333.70'
L1
L2
L3
L4
L5
LOT 7
REPLAT OF PARKE WEST LOT 1
BK 1632, PG 45, MCR
BEL VUE LLC
APN 142-55-692
SOUTH 1/4 CORNER SECTION 33, T3N, R1E
3" MARICOPA COUNTY DEPARTMENT OF
TRANSPORTATION BRASS CAP IN HANDHOLE
SOUTHWEST CORNER
SECTION 33, T3N, R1E
3" BRASS CAP IN HANDHOLE
POC
Z:\2021\215248\Survey\Legal\5248-L92R01.dwg
PORTION OF APN 142-55-692
NOT TO SCALE
PAGE 2 OF 2
WP# 215248.80
REVISED 07/26/2024
TEMPORARY CONSTRUCTION EASEMENT
NORTHERN AVENUE
EXHIBIT "A"
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V
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48932
EXPIRES 12-31-2026
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C-2
Page 8 of 8