E1. DD10903 SBH ZANJERO TRAILS PURCHASE_AGREEMENT.PDF
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1 Maricopa County Department of Transportation Dedication Purchase Agreement and Escrow Instructions Title Company First American Title Insurance Company Date: 8/2/22 Address 2425 E Camelback Rd Suite 300 Phone: 602-567-8100 City, State, Zip Phoenix, AZ 85016 Fax: 602-567-8101 Escrow Officer Tom Anzaldua Email: tanzaldua@firstam.com Escrow No. NCS-1130893-PHX1 Grantor: SBH Zanjero Trails LP Phone: Contact: Jeremy Johnson or Sean T Walters Cell: 480-609-2328 Mailing Address: 6720 N. Scottsdale Rd, Suite 250 Email: jjohnson@sunbeltholdings.com City, State, Zip Scottsdale, AZ 85253 Email: swalters@sunbeltholdings.com 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 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): Escrow Fees TBD Total Acquisition of Grantor's Property: Full release of all Title Policy Fees TBD 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 Total Escrow & Title Fees 0.00 current year's real property taxes on closings that occur on or After the 3rd Monday of August each year. Escrow Agent Recording Fees: shall withhold the prorated amounts from each party and pay Deed the lien of the current year's taxes in full. Easement Mortgage Release Partial Acquisition of Grantor's Property: Partial release of all Release of Lease monetary liens and encumbrances, and leases of any kind. At the discretion of Maricopa County, pay due and delinquent Total Recording Fees property taxes and general and special improvement assessments, including full payment of taxes and Other Charges: assessments on individual assessor parcels within the Release Fees Maricopa County's partial acquisition, and any Certificate(s) S.R.V.W.U.A. of Purchase. The current year's taxes shall not be prorated Taxes - Prorated regardless of the closing date. Easement(s): Consent to easement(s) by secured party (ies). Total Other Charges Other Disbursements: Sub Total 0.00 Land * $0.00 Possession date: Upon Signature Close of escrow: Date of recording: Special Conditions Right of Way Contract Yes No Exhibit "B" Total Closing Costs*** 0.00 Entry Agreement Yes No Total Purchase Price $0.00 Addendum attached hereto and made a Yes No TOTAL WARRANT** $0.00 part hereof *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: SBH Zanjero Trails LP PCN: TT0008 Assessor Parcel No.: 502-28-001J Item No DD10903 Right of Way Agent: Michelle Moy Telephone # (602)506-8684 DocuSign Envelope ID: B2020844-AA88-41CC-8E5A-D1634BA498C2 DocuSign Envelope ID: B2020844-AA88-41CC-8E5A-D1634BA498C2 8/4/2022 3 Exhibit “B” RIGHT OF WAY AGREEMENT Parcel No.: 502-28-001J Project No.: TT0008 Project Name/Development Name: SBH Zanjero Trails LP Item No.: DD10903 (MM) – S2019040 WHEREAS in consideration hereinafter set forth, it is agreed, that this instrument contains the entire agreement between the Grantor and Maricopa County. No further consideration is being paid than described in this contract. THE GRANTEE AGREES: A. To use the real property described in Exhibit "A" for the general welfare and benefit of the public. B. That, if in the opinion of the Transportation Director it becomes necessary, private structures will be relocated in kind to the Grantor's property, clear of the property described herein, at no expense to the County. C. With respect to the development/redevelopment of the property prior to any roadway construction, 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. THE GRANTOR AGREES: 1. To grant a Warranty Deed for the real property described in Exhibit "A" to the County of Maricopa for the general welfare and benefit of the public. 2. 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. 3. To be responsible for maintenance of the dedicated right of way until such time if and when a roadway is built, to minimum county standards, and the roadway is open and declared into the Maricopa County Transportation System. DocuSign Envelope ID: B2020844-AA88-41CC-8E5A-D1634BA498C2 ZANJERO TRAILS 195th AVENUE RIGHT OF WAY LEGAL DESCRIPTION A portion of the West Half of Section 16, Township 2 North, Range 2 West of the Gila and Salt River Meridian, Maricopa County, Arizona, being more particularly described as follows: BEGINNING at a found 3 inch Maricopa County Department of Transportation brass cap flush accepted as the West Quarter corner of said Section 16 from which a found 3 inch Maricopa County Department of Transportation brass cap flush accepted as the Northwest corner thereof bears North 00°29'35" East, 2635.14 feet; Thence North 00°29'35" East, 68. 7 4 feet along the west line of the Northwest Quarter of said Section 16 to the northerly southwest corner of the Infrastructure Plat of Zanjero Trails - Parcel 34 as recorded in Book 1545, Page 33, Maricopa County Records; Thence leaving said west line, South 40°11'07" East, 99.74 feet along the southwesterly line of said Infrastructure Plat to the southeast corner of 195th Avenue right of way as shown on said Infrastructure Plat of Zanjero Trails - Parcel 34; Thence leaving said southwesterly line, South 00°23'22" West, 154.71 feet along a line 65.00 feet east of and parallel with the west line of the Southwest Quarter of said Section 16; Thence leaving said parallel line, North 89°51 '19" West, 65.00 feet to the west line of the Southwest Quarter of said Section 16; Thence North 00°23'22" East, 162.00 feet along said west line to the POINT OF BEGINNING. The above described parcel contains a computed area of 12,528 sq. ft. (0.2876 acres) more or less and being subject to any easements, restrictions, rights-of-way of record or otherwise. The description shown hereon is not to be used to violate any subdivision regulation of the state, county and/or municipality or any land division restrictions. Prepared by: HILGARTWILSON, LLC 2141 E. Highland Avenue, Suite 250 Phoenix, AZ 85016 Project No.: 2001 Date: October 2021 U :\2000\2001 \SURVEY\DOCS\LEGAL \2001-ROW-EXHIBIT _LEGAL.docx y 4 DocuSign Envelope ID: B2020844-AA88-41CC-8E5A-D1634BA498C2 5 DocuSign Envelope ID: B2020844-AA88-41CC-8E5A-D1634BA498C2