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Maricopa County Purchase Agreement and Escrow Instructions Title Company Security Title Agency Date April 15, 2024 Address 4722.N. 24% Street Phone 602-230-6271 City Phoenix, Arizona 85016 Fax 602-926-0452 Escrow Officer Jason Bryant Email jbryant@securitytitle.com Escrow No. 15210635-015-JB6-SW Grantors: 9494 Northern Properties, LLC, an Arizona limited liability company Contact Samit Patel and Shashikant Patel Phone: | 831-224-0629 Mailing Address: 2519 East Pierson Street Email samit@montereysighotels.com City, State Zip Phoenix, AZ 85016 Grantee Maricopa County, a political subdivision of the State of Arizona Mailing Address: Real Estate Department, 2801 W. Durango Street, Phoenix, Arizona 85009 MARICOPA COUNTY shall pay directly to the Grantor, or Sub- Charges and Disbursements to be paid from Grantor's funds as deposit with the Title Company if escrowed, the purchase price | Object | follows (check all that apply): plus all lawful costs incidental to closing as follows: Code Escrow & Title Fees l [ Escrow Fees $696.00 C1 Total Acquisition of Grantor's Property: Full release of all Title Policy Fees $695.00 monetary liens and encumbrances, and leases of any kind. Pay in Title Report $0.00 full all due and delinquent real property taxes and general and Title Report Credit $0.00 special improvement assessments. Prorate the current year's real Total Escrow & Title Fees | $1,391.00 14 property taxes on closings that occur on or after the 3rd Monday of August each year. Escrow Agent shall withhold the prorated Recording Fees: amounts from each party and pay the lien of the current year's taxes Release & Reconveyance $0.00 in full. Release of Lease $0.00 [ [ Total Recording Fees | $0.00 14 XX Partial Acquisition of Grantor's Property: Partial release of all monetary liens and encumbrances, and leases of any kind. At the Other Charges: discretion of Maricopa County, pay due and delinquent Release Fees TBD assessments, including full payment of taxes and assessments on Consent Fees TBD individual assessor parcels within Maricopa County's partial S.R.V.W.U.LA. TBD acquisition, and any Certificate(s) of Purchase. The current year's Taxes -Prorated TBD taxes shall not be prorated regardless of the closing date. Total Other Charges | TBD 14 Sub Total | TBD L]_Easement(s): Consent to easement(s) by secured party(ies). Purchase Costs: Land* $28,682.00 lL Improvements* $9,040.00 10 TCE $25,170.00 12 ADS $ 8,653.00 11 Total Purchase Price | $71,545.00 Total Escrow & Title Costs | TBD 14 Total Purchase Price | $71,545.00 TOTAL WARRANT** | TBD *Escrow and title policy fees based on this amount only. **Sum of "Total Closing Costs" and "Total Compensation" only. Project Name: Northern Parkway 99" Ave-87" Ave Project Number: | TT0372 Assessor Parcel No.: 142-55-631 Item No. D24439 Right of Way Agent: Luis Alonzo Telephone # 602-653-5998 Page 1 of 12 The GRANTORS and GRANTEE, having executed a conveyance of certain real property rights as described and depicted in the Exhibit(s) A-1, A-2, B-1, B-2 and C-J, 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 GRANTORS’ 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 GRANTORS acknowledge receipt of the amount shown on the closing statement as due GRANTORS. Either a copy of this request or a copy of a signed receipt is to be retained in the escrow file. - MARICOPA COUNTY will pay the costs of the owner’s title insurance policy; fees associated with lender releases or 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, 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. If any element of 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 GRANTORS 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 GRANTORS as full and complete compensation for the interest being acquired. If the acquisition is a partial acquisition from a larger parcel, the consideration also includes full and complete compensation for all injury or damage to the GRANTORS?’ 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. MARICOPA COUNTY agrees to pay, and the GRANTORS accept the payment in full for the property described herein: i. Improvements located on the property in the amount of NINE THOUSAND FOURTY and No/100 Dollars ($9,040.00) and broken out as follows in Exhibit “A-1”. ii. Real property in the amount of TWENTY-EIGHT THOUSAND SIX HUNDRED EIGHTY-TWO and No/100 Dollars ($28,682.00) described and depicted in Exhibit “B-1” and “B-2”. iii. Temporary Construction Easement in the amount of TWENTY-FIVE THOUSAND ONE HUNDRED SEVENTY and No/100 Dollars ($25,170.00) described and depicted in Exhibit “C-1” and “C-2”, iv. Administrative Settlement in the amount of Eight Thousand Six Hundred Fifty-Three and No/100 Dollars ($8,653.00). If in the opinion of the Transportation Director it becomes necessary, MARICOPA COUNTY, or its agents, is hereby granted to enter upon the remaining property for the purpose of private structure relocation in kind to the GRANTORS?’ property, clear of the property described herein, and at no expense to the GRANTORS except as may be herein otherwise agreed. With respect to the development/redevelopment of the property prior to construction of project TT0372, GRANTORS 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. MARICOPA COUNTY shall be responsible to the extent that damage occurs out of MARICOPA COUNTY's occupation of the GRANTORS’ property caused by MARICOPA COUNTY's negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of MARICOPA COUNTY '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.R.S. § 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. Page 2 of 12 GRANTORS: 9494 NORTHERN PROPERTIES, LLC, AN ARIZONA RECOMMENDED FOR APPROVAL: MARICOPA COUNTY DEPARTMENT ACCEPTED AND APPROVED: MARICOPA COUNTY BOARD OF BY: Shashikant Patel LIMITED LIABILITY COMPANY OF TRANSPORTATION SUPERVISORS ‘Signed by: (2-22 BocsGamitRatel DocuSigned by: ITS: Manager — 10/18/2024 934790AE385940A Date Deputy Director Real Estate Department Chairman of the Board 10/21/2024 Signed by: ee Date Date OTACEFESIBEAS TZ..- ! ATTEST: | ITS: Manager 10/18/2024 Date (Wasp Prtk Approved as to form within the powers Aceusiaverpyof the Board of Supervisors 10/21/2024 Clerk of the Board of Supervisors “Deputy Cait Attomey Date Page 3 of 12 Date EXHIBIT "A-1" Improvements within the fee simple estate area. Parcel No. 142-55-631 Item No. D24439(TD) Replacement costs for improvements within the proposed fee simple estate: Landscaping Gravel $1,890.00 Chain Link Fencing (115 L.F. @ $30/L.F.) $3,450.00 Concrete Fencing (15 L.F. @ $130/L.F.) $1,950.00 Shrubs $1,000.00 Drip Irrigation System $ 500.00 Tree/Shrub Delivery Fee $ 250.00 TOTAL REPLACEMENT COST ESTIMATE= $9,040.00 Page 4 of 12 Wood, Patel & Associates, Inc. May 11, 2023 602.335.8500 WP# 215248.80 www.woodpatel.com Page 1 of 4 See Exhibit “Be” LEGAL DESCRIPTION Northern Avenue Portion of APN 142-55-631 D24439 Public Right-of-Way A portion of that certain parcel of land described in Document 2019-0768470, Maricopa County Records (MCR), lying within Section 33, Township 3 North, Range 1 East, of the Gila and Salt River Meridian, Maricopa County, Arizona, more particularly described as follows: COMMENCING at the south quarter corner of said Section 33, a 3-inch Maricopa County Department of Transportation (MCDOT) brass cap in handhole, from which the southeast corner of said section, a 3-inch MCDOT brass cap in handhole, bears North 88°40'27" East (basis of bearing), a distance of 2661.77 feet; THENCE along the south line of said section, North 88°40'27" East, a distance of 340.22 feet; THENCE leaving said south line, North 01°19'33" West, a distance of 65.00 feet, to the southeast corner of said certain parcel of land and the POINT OF BEGINNING; THENCE along the south line of said certain parcel of land, South 88°40'27" West, a distance of 20.43 feet, to a point hereby designated as Point “A” for future reference in this description; THENCE leaving said south line, North 53°52'21" East, a distance of 23.64 feet; THENCE North 89°35'15" East, a distance of 1.34 feet, to the east line of said certain parcel of land; THENCE.along said east line, South 00°00'54" West, a distance of 13.47 feet, to the POINT OF BEGINNING. TOGETHER WITH COMMENCING at said Point “A”; THENCE along the south line of said certain parcel of land, South 88°40'27" West, a distance of 228.59 feet, to the POINT OF BEGINNING; THENCE continuing South 88°40'27" West, a distance of 90.17 feet; THENCE North 85°32'11" West, a distance of 98.65 feet, to the southwest corner of said certain parcel of land; THENCE leaving said south line, along the westerly line of said certain parcel of land, North 25°07'22" East, a distance of 15.53 feet; THENCE leaving said west line, South 80°22'35" East, a distance of 88.47 feet; Page 5 of 12 Legal Description May 11, 2023 Northern Avenue WP# 215248.80 Portion of APN 142-55-631 Page 2 of 4 D24439 See Exhibit Public Right-of-Way “B-1” THENCE South 87°03'40" East, a distance of 94.80 feet, to the POINT OF BEGINNING Containing 1,451 square feet or 0.0333 acres, more or less Subject to existing right-of-ways and easements. This parcel description was prepared without the benefit of survey fieldwork and is based on client provided information. Any monumentation noted in this parcel description is based on said information. Y:\WP'\Parcel Descriptions\2021\215248.80 Northern Ave APN 142-55-631 D24439 Public ROWL43 05-11-23.docx asia” \\s -GABRIEL'S, | EXPIRES 12-31:23 Page 6 of 12 L Bmpey -epzs\ebeThenins\gpzS 1 Z\bZ02\:Z ATVOS OL LON 740 € d9Vd 08°8h2S12 #dM €20Z/L L/S AVMrSO-LHOIY Oland L€9-G¢-Zpl. 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May 11, 2023 602.335.8500 WP# 215248.80 www.woodpatel.com Page 1 of 4 See Exhibit “C4” LEGAL DESCRIPTION Northern Avenue Portion of APN 142-55-631 D24439 Temporary Construction Easement A portion of that certain parcel of land described in Document 2019-0768470, Maricopa County Records (MCR), lying within Section 33, Township 3 North, Range 1 East, of the Gila and Salt River Meridian, Maricopa County, Arizona, more particularly described as follows: COMMENCING at the south quarter corner of said Section 33, a 3-inch Maricopa County Department of Transportation (MCDOT) brass cap in handhole, from which the southeast corner of said section, a 3-inch MCDOT brass cap in handhole, bears North 88°40'27" East (basis of bearing), a distance of 2661.77 feet; THENCE along the south line of said section, North 88°40'27" East, a distance of 319.79 feet; THENCE leaving said south line, North 01°19'33" West, a distance of 65.00 feet, to the south line of said certain parcel of land and the POINT OF BEGINNING; THENCE along said south line, South 88°40'27" West, a distance of 228.59 feet; THENCE leaving said south line, North 87°03'40" West, a distance of 94.80 feet; THENCE North 80°22'35" West, a distance of 88.31 feet, to the westerly line of said certain parcel of land; THENCE along said westerly line, North 24°08'05" East, a distance of 8.94 feet; THENCE leaving said westerly line, South 84°17'26" East, a distance of 178.78 feet; THENCE North 01°08'44" West, a distance of 10.05 feet; THENCE South 89°54'17" East, a distance of 238.51 feet; THENCE North 01°10'35" West, a distance of 24.51 feet; THENCE North 89°35'15" East, a distance of 11.36 feet, to the east line of said certain parcel of land; THENCE along said east line, South 00°00'54" West, a distance of 25.00 feet; THENCE leaving said east line, South 89°35'15" West, a distance of 1.34 feet; Page 9 of 12 Legal Description May 11, 2023 Northern Avenue WP# 215248,80 Portion of APN 142-55-631 Page 2 of 4 D24439 See Exhibit Temporary Construction Easement “C-1" THENCE South 53°52'21" West, a distance of 23.64 feet, to the POINT OF BEGINNING. Containing 6,504 square feet or 0.1493 acres, more or less. Subject to existing right-of-ways and easements. This parcel description was prepared without the benefit of survey fieldwork and is based on client provided information. Any monumentation noted in this parcel description is based on said information. Y:AWP\Parcel Descriptions\2021\215248.80 Northem Ave Portion of APN 142-55-631 D24439 TCE L44 05-11-23.docx 49932 GABRIEL S, RIOS EXPIRES 12:31:23 Page 10 of 12 Boppy rerzs\ebeTenns\gyZsLZ\LZ02\:Z AIWOS OL LON dO € 59Vd O8'87CSL2 #dM €202/1 L/S LNAWASVA NOILONYLSNOO AYVeOdWSL L€9-SS-%7l NdV 4O NOLLYOd ANNSAV NYSHLYON #9 LIGIHX3 FTOHGNVH NI dV¥O SSVud NOLLVLYOdSNVUL 4O LNSAWLYvd3d ALNNOO VdOOIYVW ué ALY ‘NEL ‘€€ NOLLOSS €0-L8-2) SAYIdXA ZL JO |) a6eq 90d SIOHGNYH NI d¥O SSVYE NOILVLYOdSNVUL SIOHONVH 4O LNAWLYVdSd ALNNOD VdOOIMV uf NI d¥O SSVHE uf ALY ‘NEL ‘€€ NOLLOAS YSANYOO #/} HLNOS ALY 'NEL ‘€€ NOLLOAS YANYOO LSAMHLNOS [BANOO USVSHINOS “_(ONRVaE 40 SISVA) 111992 LZ0V-88N £81992 MPEOPA€8S_ f— Ly 7 [1 88° gONHAV NYSHLYON 5% ot 80d gg 2070888 oe my 6S'8ZZ MuLZ,0P. 2] Pa 81°82) 81 GBC FuL}.PS.68S AW9LL 94 Va rs / VW n L£9-G9-Zhl. 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