K2. PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS.PDF

Flood Control District of Maricopa County

Purchase Agreement and Escrow Instructions

‘Title Company Pioneer Title Agency, Inc. Date 3/9/2022
Address 7310 N. 16" Street, Suite 250 Phone | 602-328-8925
City Phoenix Fax 855-487-3551
Escrow Officer Jennifer Siverio Email | Jennifer.siverio@ptaaz.com
Escrow No. 72501109-025-JS1
Elizabeth Ann Cool, as Personal Representative of the Estate of Anna Mae Cool, Case
Grantor: No. PB2002-002837 and Elizabeth Ann Cool, a single woman Phone:
Contact Elizabeth Cool 319-331-2282 and Cherie Cool-Rudd 319-594-5799 Phone:
Mailing Address: c\o Elizabeth Ann Cool P.O. Box 745 Email cherie.cool.rudd@gmail.com
City, State Zip Gila Bend, AZ 85337 Fax:

Grantee: FLOOD CONTROL DISTRICT OF MARICOPA COUTNY [DISTRICT], 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 Sub- Charges and Disbursements to be paid from Grantor’s funds as
the Title Company if escrowed, the purchase price plus all lawful Object | follows (check all that apply):
costs incidental to closing as follows: Code
Escrow Fees TBD Bd Total Acquisition of Grantor’s Property: Full release of all
‘Title Policy Fees TBD monetary liens and encumbrances, and leases of any kind.
Title Report Pay in full all due and delinquent real property taxes and
Title Report Credit general and special improvement assessments. Prorate the
Total Escrow & Title Fees TBD current year’s real property taxes on closings that occur on or
after the 34 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 [1 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 the DISRICT, pay due and delinquent
Total Recording Fees TBD 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 DISTRICT’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 a date.
LJ Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges TBD
[1 Other Disbursements: |
Sub Total TBD
Land and Improvements * $220,000.00 1 Possession date:
Close of escrow:
Date of recording:
Total Compensation TBD Right of Way Agreement Exhibit “B” Yes No
Total Escrow & Title Costs TBD | 14 Right of Entry Agreement Yes Nok]
Total Purchase Price $220,000.00 Addendum attached hereto and made a Yes] | NoX
TOTAL WARRANT** TBD part hereof

*Escrow and title policy fees based on this amount only.

**Sum of “Total Closing Costs” and “Total Purchase Price" only.

#k P.O.C Paid outside of closing

Project: Floodprone Properties Assistance Program (FPAP) PCN: | 700.22.36
Assessor Parcel No.: 403-11-051 Item No | F00426
Right of Way Agent: John Huntley, Tierra Right of Way Services ‘Telephone # | 602-758-4747

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DocuSign Envelope ID: BB872AF4-AFDD-4E97-B210-BA8FA86FE867

The GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE as described in the Bxhibit(s) 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 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 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 the “DISTRICT.”

The Escrow Agent is to request the Grantor acknowledge receipt of the amount shown on the closing statement as due Grantor, Hither 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 associated with lender releases ox loan pay-offs, 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, waive escrow and/or title insurance, Upon such waiver, the references to Title Company, Escrow Agent and
title insurance herein ave 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 paxtial 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
the DISTRICT.

‘The DISTRICT shall be xesponsible to the extent that damage occurs out of the 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,

This Agreement is subject to cancelation pursuant to A.RS. § 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:
Elizabeth Ann Cool, as Personal Representative
of the Estate of Anna Mae Cool, Case No. RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED:

PB2002-002837 and Elizabeth Ann Cool, a

single woman

FLOOD CONTROL DISTRICT BOARD OF DIRECTORS OF

£2. oe bot Z, "4 OF MARICOPA COUNTY FLOOD CONTROL DISTRICT OF
MARICOPA COUNTY

By: Elizabeth Ann Cool, as Personal

Representative (— BocuSigned by:
Michal €ultai27/2022
Date S-ZG +27 ae
4 = ess se ag Michael A Fulton Date Chairman of the Board
Coot ixeptaislaaad Control District
By: Elizabeth Ann Cool, as an individual me 5/27/2022
: ATTEST:
Date 4. 2-27 FOGAZH9DSE5DACC.... Date

Director, Real Estate Department

Approved as to form within the

are ~ authority of the Board of Cletk of the Board

5/26/2022

thiamin Peck: Date

\Deprathsconmdgadbitorney Date

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LEGAL DESCRIPTION

The Land referred to herein below is situated in the County of Maricopa, State of Arizona, and is described as follows:

A portion of Tract B, WEST GILA BEND AMENDED, according to Book 32 of Maps, Page 33, records of Maricopa
County, Arizona, described as follows:

BEGINNING 229.71 feet East of the Southwest corner,

THENCE North to a point on the North line of ssid Tract B which is 207.87 feet East of the Northwest comer of said Tract
B:

THENCE East to the Northeast comer of said Tract B;
THENCE South 106.87 feet to a point;
THENCE West 75 feet to a point:

THENCE South 106.87 feet to a point;

THENCE West 154.71 feet to the POINT OF BEGINNING.

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