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WHEN RECORDED RETURN TO: Maricopa County Real Estate Department 2801 W. Durango Street Phoenix, AZ 85009 EXEMPT A.R.S. § 11-1134, A.2 SR / AH TEMPORARY CONSTRUCTION EASEMENT Assessor's Parcel No.: 142-55-692 Project No.: TT0372 Project Name: Northern Parkway Termini: 99th Ave-87th Ave Item No.: D24436-TCE (SR) This Temporary Construction Easement is entered into by and between Bel Vue LLC, a Delaware limited liability company, hereinafter referred to as GRANTOR, the owner of the real property situated in Maricopa County, Arizona, which property is set forth in instrument number 20180331125 in the official records of Maricopa County (the “Burdened Property”), and Maricopa County, a political subdivision of the State of Arizona, its assigns and successors in title or interest, hereinafter collectively called GRANTEE. GRANTOR hereby grants a Temporary Construction Easement (“TCE”), together with the right and privilege of entering upon the area subject to the conditions set forth herein, on, over, under and across that portion of the Burdened Property legally described on Exhibit "A-1" and depicted in Exhibit “A-2” attached hereto (the “Easement Area”) for the purpose of facilitating construction of the project known as TT0372 (“Project”). 1. Term and Consideration. This TCE is hereby granted for the stated purpose for a period of twenty (24) months (“Term”) which shall commence upon the written notice to the Grantor by the Grantee. GRANTEE estimates that the period of time stated above will be sufficient for completion of the work within the TCE Area. GRANTEE shall provide written notification to GRANTOR of the initiation of construction activities no less than thirty (30) calendar days in advance of construction activities. The consideration for the use of the TCE Area is Five Hundred and No/100 Dollars ($500.00) paid by GRANTEE to GRANTOR. This consideration is for the full Term described above. In the event GRANTEE determines that additional construction time within the TCE Area is needed for completion of the Project, GRANTEE shall be permitted to extend the term of this TCE by notifying the GRANTOR in writing and issuing a payment for the additional consideration in the amount of $21.00 for each Page 1 of 6 Page 2 of 6 Project No.: TT0372 Project Name: Northern Parkway Parcel No.: 142-55-692 Item No.: D24436 (SR) additional month or part thereof for the required extension. 2. Damages. The GRANTEE shall be liable for any permanent damage to the TCE Area, and/or any improvements therein, caused by GRANTEE during the Term of this TCE, and any extension thereof. Any improvements damaged as a result of GRANTEE’S use of the TCE Area will be replaced in kind. 3. Extinguishment. Upon completion of the Project construction, GRANTEE shall record a document extinguishing this TCE in the office of the Maricopa County Recorder, which document may be executed on behalf of the GRANTEE by the Director of the Maricopa County Real Estate Department. REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK SIGNATURE PAGE(S) FOLLOW Dated this ......... /_s __ day of fl.4. J . 2o;r. GRANTOR: Bel Vue LLC, a Delaware limited liability company By: alt Corporation, a Delaware corporation. its sole member Its: Signatory t.rJ H "1 PilW l p_l, r,.._ S'.fATE OF MA SSA-cJ'\U COUNTY OF 6 u f:fo J IC ) ) ss. ) The foregoing instrument was acknowledged before me this / -sr day of /vl¼ . 20d S' by John Barrie its Authorized Signatory of Beldore Realty Corporation. a Delaware corporation, its sole member of Bel Vue LLC, A Delaware limited liability company on behalf of the company. My Commission Expires /- / q - | }J._ ~ Project No.: TT0372 Project Name: Northern Parkway Notary Stamp Seal Page 3 of 6 Parcel No.: 142-55-692 Item No.: D24436 (SR) Page 4 of 6 Project No.: TT0372 Project Name: Northern Parkway Parcel No.: 142-55-692 Item No.: D24436 (SR) RECOMMENDED FOR APPROVAL: Senior Right of Way Agent Right of Way Supervisor ACCEPTED: MARICOPA COUNTY BOARD OF SUPERVISORS BY: Chairman, Board of Supervisors Date: ATTEST: Clerk of the Board Date: Approved as to form and within the powers and authority of the Board of Supervisors: Deputy County Attorney Date 5/2/2025