E1. PURCHASE AGREEMENT - RR-20.PDF
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Flood Control District of Maricopa County
Purchase Agreement
Title Company
N/A (In House Recording)
Date
May 18, 2022
Address
Phone
City
,
Fax
Escrow Officer
N/A
Email
Escrow No.
N/A
Grantor:
The Flood Control District of Maricopa County, a political subdivision of the State of
Arizona
Phone:
Contact
Michael Fulton
Phone:
602-506-4708
Mailing Address:
2801 West Durango Street
Email
City, State Zip
Phoenix, AZ 85009
Fax:
Grantee: TOWN OF QUEEN CREEK, an Arizona municipal corporation
Mailing Address:
Rob Sachs, 22350 S. Ellsworth Road Queen Creek, AZ 85142
Town of Queen Creek, an Arizona municipal Corporation shall
pay directly to the Grantor the purchase price plus all lawful costs
incidental to closing as follows:
Sub-
Object
Code
Charges and Disbursements to be paid to Grantor as follows (check all
that apply):
Escrow Fees
Total Acquisition of Grantor's Property:
Title Policy Fees
Title Report
Title Report Credit
Total Escrow & Title Fees
$0.00
Recording Fees:
$0.00
Release & Reconveyance
Release of Lease
Partial Acquisition of Grantor's Property:
Total Recording Fees
$0.00
Other Charges:
Appraisal Report Services
Paid by the
Town of Queen
Creek
Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges
$0.00
Other Disbursements:
Sub Total
$0.00
Land*
$500.00
11
Easements*
11
Possession date:
10
Close of escrow:
10
Date of recording:
12
Special Conditions Right of Way Contract
Yes
No
Total Compensation
$0.00
Total Escrow & Title Costs
N/A
14
Entry Agreement
Yes
No
Total Purchase Price
$500.00
Addendum attached hereto and made a
Yes
No
TOTAL **
$500.00
part hereof
*Escrow and title policy fees based on this amount only.
**Sum of "Total Closing Costs" and "Total Purchase Price" only.
*** P.O.C Paid outside of closing
Project:
Rittenhouse Road Drain
PCN:
480.01.12
Assessor Parcel No.:
304-66-008H, 304-66-008N
Item No
N/A
Agent:
John Gaffney
Telephone #
602-506-8304
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Pursuant to IGA FCD 2021A008, the GRANTOR, having executed a conveyance of certain real property
rights to the GRANTEE as described in the Exhibit(s) attached hereto and made a part hereof, said agent is
directed to deliver said conveyance to THE TOWN OF QUEEN CREEK, an Arizona municipal
corporation, title to said property to be transferred upon execution of the Special Warranty Deed by the
MARICOPA COUNTY BOARD OF DIRECTORS and its recordation with the Maricopa County
Recorder’s office.
The Town of Queen Creek provided at their cost an appraisal report with a final opinion of market value of
$500.00. The purchase price and the balance thereof shall be paid in accordance with the terms herein.
The Town of Queen Creek has waived escrow and title insurance. Upon such waiver, the references to Title
Company, Escrow Agent and title insurance herein are not applicable.
If any element of this transaction is not handled through a title company, the conveyance will be delivered
directly to THE FLOOD CONTROL DISTRICT OF MARICOPA COUNTY 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.
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.
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GRANTOR:
RECOMMENDED FOR APPROVAL:
APPROVED:
FLOOD CONTROL DISTRICT
BOARD OF DIRECTORS OF
OF MARICOPA COUNTY
FLOOD CONTROL DISTRICT
OF MARICOPA COUNTY
Michael A. Fulton, Director
Date
Bill Gates, Chairman of the Board
Date
ATTEST:
Clerk of the Board
Date
REAL ESTATE DEPARTMENT APPROVAL:
Alex Smith
Date
Director
Real Estate Department
APPROVED AS TO FORM and within the powers and authority granted under the laws of the
State of Arizona.
Flood Control District General Council
Date
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EXHIBIT “A”
LEGAL DESCRIPTION – PROPERTY
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EXHIBIT “A”
MAP EXHIBIT-PROPERTY
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EXHIBIT “A”
MAP EXHIBIT-PROPERTY continued