Extracted text (via ocr_local)
10627 characters
Maricopa County Department of Transportation
Dedication Agreement and Escrow Instructions
Title Company Grand Canyon Title Agency, Inc. Date August 29, 2024
Address 3900 E. Camelback Rd., Suite 150 Phone 602-343-3424
City, State, Zip Phoenix, AZ 85018 Email rdamian@gtca.com
Escrow Officer Rebecca Damian
Escrow No. GC45000219
Grantor LPC Olive I, LP, a Delaware Limited Partnership Phone 480-991-3985
Contact Brian Schiltz Cell
bschiltz@hungerengineer
Mailing Address 191 N Wacker Drive, Suite 1700 Email ingpe.com
City, State, Zip Chicago, IL 60606
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
PROPERTY OWNER shall deposit with the Title Company, if Sub- Charges and Disbursements to be paid from Grantor's funds as
escrowed, all lawful costs incidental to closing as follows: Chieet follows (check all that apply):
ode
Total Escrow & Title Fees: [ |
Escrow Fees TBD OD 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
Total Escrow & Title Fees | $0.00 general and special improvement assessments. Prorate the
current year's real property taxes on closings that occur on or
Recording Fees: After the 3rd Monday of August each year. Escrow Agent
shall withhold the prorated amounts from each party and pay
Deed the lien of the current year's taxes in full.
Easement
Mortgage Release KX Partial Acquisition of Grantor's Property: Partial release of all
Release of Lease monetary liens and encumbrances, and leases of any kind. At the
Total Recording Fees | $0.00 discretion of Maricopa County, pay due and delinquent property
taxes and general and special improvement assessments,
Other Charges: including full payment of taxes and assessments on individual
assessor parcels within the Maricopa County's partial acquisition,
and any Certificate(s) of Purchase. The current year’s taxes shall
Release Fees i
not be prorated regardless of the closing date.
S.R.V.W.U.A.
Taxes — Prorated
Total Other Charges: $0.00
Sub Total $0.00 L Easement(s): Consent to easement(s) by secured party (ies).
(1 Other Disbursements: |
Purchase Price
Land * $0.00
Total Purchase Price $0.00
Total Closing Costs*** $0.00
Total Purchase Price $0.00
TOTAL WARRANT** $0.00
*Escrow and title policy fees based on this amount only.
*** All Closing Costs to be paid by Seller.
Project: DD10928 Olive & 173rd Avenue Project No | TTO008
Assessor Parcel No.: 502-09-957 Item No | D25244
Right of Way Agent: Alejandra Victoria-Lopez Telephone # | (602)506-5248
Page 1 of 5
The GRANTOR, having executed a conveyance of certain real property rights as described in the Exhibit(s) “A-1” and “A-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.
The property owner will pay the costs of the owner’s title insurance policy; fees associated with lender releases or loan payoffs, including endorsements,
document preparation, and other expenses related thereto; escrow fees and other charges by escrow company incidental to the closing of escrow. In the
alternative, Maricopa County may, at its option, waive escrow and/or title insurance. Upon such waiver, the references to Title Company, Escrow
Agent and title insurance herein are not applicable.
The property owner/applicant is responsible for all title and escrow cancellation fees if the closing/recording process is not completed.
If 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(s) 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(s) as full and complete compensation for the interest being
acquired. If the acquisition is.a partial acquisition from a larger parcel, the consideration expressed herein is likewise; 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.
Grantor Agrees:
i, To grant a deed for the real property described in Exhibit “A-1” and “A-2” to the County of Maricopa for the general welfare and benefit of the
public.
ii, 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.
iii, To be responsible for maintenance of the dedicated right of way until such time if and when a roadway is built to minimum standards, and the
roadway is open and declared into the Maricopa County Transportation System.
Grantee Agrees:
i, To use the real property described and depicted in Exhibit “A-1 and A-2” for the general welfare and benefit of the public.
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.
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.
Page 2 of 5
GRANTOR: LPC Olive J, LP, a Delaware
Limited Partnership
By: LPC Olive ] GP, LLC, a Delaware limited
Nability pany its general partner
RECOMMENDED FOR APPROVAL:
MARICOPA COUNTY DEPARTMENT
Brad Cushard, its Vice Presidept”
10.15. lord
Date
ACCEPTED AND APPROVED:
MARICOPA COUNTY BOARD OF
OF TRANSPORTATION SUPERVISORS
ae ned by: ;
Juunifur Rodrigues,
Tan of Way Su ervisor Chairman of the Board
ip
11/15/2024 Date
Date
ATTEST:
Approved as to form within the
powers and authority of the Board of
_ Supervisors
DocuSigned by:
Wasps Puck
11/15/2024
Clerk of the Board of Supervisors
ciamabeGourty Attomey Date
Page 3 of 5
Date
RIGHT OF WAY DEDICATION
LEGAL DESCRIPTION
Exhibit "A-1"
PROJECT NO: TTOO08
PROJECT NAME: DD10928 OLIVE & 173RD AVE
ITEM NO: D25244
THAT PORTION OF THE EAST HALF OF THE SOUTHEAST QUARTER OF SECTION 26,
TOWNSHIP 3 NORTH, RANGE 2 WEST OF THE GILA AND SALT RIVER MERIDIAN, MARICOPA
COUNTY, ARIZONA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT A BRASS CAP IN A HANDHOLE STAMPED M.C.D.0.T. MARKING THE
SOUTHEAST CORNER OF SAID SECTION 26, FROM WHICH A BRASS CAP IN A HANDHOLE
STAMPED M.C.D.0.T. MARKING THE SOUTH 1/4 CORNER OF SAID SECTION 26 BEARS NORTH
89°57'37" WEST, A DISTANCE OF 2659.73 FEET;
THENCE NORTH 89°57'37” WEST, ALONG THE SOUTH LINE OF THE SOUTHEAST QUARTER OF
SAID SECTION 26, A DISTANCE OF 1329.86 FEET;
THENCE NORTH 00°21'18” EAST, A DISTANCE OF 70.00 FEET TO A POINT ON A LINE
70 FEET NORTH OF AND PARALLEL WITH SAID SOUTH LINE. SAID POINT BEING THE POINT
OF BEGINNING;
THENCE NORTH 00'21'18” EAST, ALONG THE WEST LINE OF THE EAST HALF OF SAID
SOUTHEAST QUARTER, A DISTANCE OF 1214.26;
THENCE SOUTH 89°38’ 42” EAST, A DISTANCE OF 30.00 FEET TO A POINT ON A LINE
30 FEET EAST OF AND PARALLEL WTH THE WEST LINE OF THE EAST HALF OF SAID
SOUTHEAST QUARTER;
THENCE SOUTH 00°21'18” WEST, ALONG SAID PARALLEL LINE, A DISTANCE OF 1183.93
FEET, TO THE BEGINNING OF A TANGENT CURVE, CONCAVE NORTHEASTERLY, HAVING A
RADIUS OF 30.00 FEET;
THENCE SOUTHEASTERLY ALONG SAID TANGENT CURVE TO THE RIGHT, THROUGH A
CENTRAL ANGLE OF 9078'55", AN ARC LENGTH OF 47.29 FEET TO A TANGENT POINT ON
A LINE 70 FEET NORTH OF AND PARALLEL WITH THE SOUTH LINE OF SAID’: SOUTHEAST
QUARTER;
THENCE NORTH 89°57'37” WEST, ALONG SAID PARALLEL LINE, A DISTANCE OF 60.17 FEET,
TO A POINT ON, TO THE POINT OF BEGINNING.
SAID DESCRIPTION CONTAINING 0.841 ACRES+.
TITLE: XB02-RW HUNTER iL PAGE 1 OF 2
DATE: 1/10/24 ENGINEERING Yeivil AND SURVEY
DESC: R/W 10446 N. 74TH ST., SUITE 140
SCOTTSDALE, AZ 85258 .
DEDICATION F420 $81 3283 lowe. No. xe0z
PROJ.NO.EISNOOS
RIGHT OF WAY DEDICATION EXHIBIT
MOUNTAIN VIEW RD. E. 1/4 CORNER
- $B89'59’59"W 1326.30’ mye SEC. 26, T.3N., R.2W
= = FD BC HH
STAMPED "M.C.D.O.T.”
83’
| LINE TABLE
LINE | BEARING DISTANCE
L1 | NOO'2118"E | 70.00’ .
=
L2 | $89°38'42"E | 30.00’ 3
IT 13 N89°57°37"W | 60.17’ oan
w | 2"
a on
> L2 eae
=z {f° wong
LU z slo
a Zou
ef Ja jas
N : z isd
- 30 re) to
~—R/W EF |p
oll S q !2%
+113 LPC OLIVE | LP Oo 1g
Q]}]= APN. 502—09-957 a
DEED. # 2023—0413813 MC.R ui
wi} |2
0} | 9
alls 233
2||8 |
L=47.29", R=30.00' 65"
4=90°18'55 S.E. CORNER SEC. 26,
P.0.B.\ T.3N., R.2W
pL 1329.86’ ~ stave eet .
= 13 N8°5737"W 2659.73 = M.C.D.O.7.
OLIVE AVENUE
MONUMENT:
@) S. 1/4 CORNER SECTION 26, T.3N., R.2W
‘ FD BRASS CAP IN HANDHOLE STAMPED
”M.C.D.O.T.”
TITLE: XBO2-RW HUNTER PAGE 2 OF 2
SCALE: 1”=400’ ENGINEERING CIVIL AND SURVEY
DATE: 1/10/24 10446 W ATH St SUITE. 140 “
DESC: R/W T 480 991 3985
DEDICATION F 480 991 3886 | PPC NO.ElSNooS
PROJECT NO: TT0008
PROJECT NAME: DD10928 OLIVE & 173RD AVE
ITEM NO: D25244