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Maricopa County
Purchase Agreement and Escrow Instructions
Title Company Security Title Agency Date September 19, 2024
Address 4722 N. 24th Street, Ste 200 Phone 602-230-6297
City Phoenix, AZ 85016 Email jbryant@securitytitle.com
Escrow Officer Jason Bryant
Escrow No. 15220275-015-JB6-SW
Grantor: Hollows Holdings, LLC, an Arizona limited liability company Phone: | 602-818-0723
Contact Kelly Shepherd, Manager Phone:
Mailing Address: 608 E. Missouri Ave., Ste 100 Email kelly@rockprosusa.com
City, State Zip Phoenix, AZ 85012
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 shail 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 | I
Escrow Fees $696.00 [.] Total Acquisition of Grantor's Property: Full release of all
Title Policy Fees $585.00 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 | $ 1,281.00 14 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
Release & Reconveyance $ 0.00 the lien of the current year's taxes in full.
Release of Lease $ 9.00 I
Bd Partial Acquisition of Grantor's Property: Partial release of all
monetary liens and encumbrances, and leases of any kind.
At the discretion of Maricopa County, pay due and delinquent
Total Recording Fees_| $ 0.00 14 property taxes and general and special improvement
assessments, including full payment of taxes and
Other Charges: assessments on individual assessor parcels within
Release Fees TBD Maricopa County's partial acquisition, and any Certificate(s)
Consent Fees $ 0.00 of Purchase. The current year's taxes shall not be prorated
S.R.V.W.U.A. $ 0.00 regardless of the closing date.
Taxes -Prorated $ 0.00 |
[_]_ Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges | TBD 14
(1 Other Disbursements: |
Sub Total
Land* $11,000.00 i
Improvements* $23,380.00 10
Administrative Settlement $25,620.00 10
Total Purchase Price | $60,000.00
Total Escrow & Title Costs $ 1,281.00 i4
Total Compensation (minus any
funds paid outside of escrow) $60,000.00
TOTAL WARRANT** TBD
*Escrow and title policy fees based on this amount only.
**Sum of "Total Closing Costs" and "Total Compensation" only.
Project Name: Riggs Road (Hollows) Project Number: | TTOOIL
Assessor Parcel No.: 304-78-019Z Item No. D22844
Right of Way Agent: Dante Olono Telephone # 602-506-6792
Page 1 of 6
The GRANTOR and GRANTEE, having executed a conveyance of certain real properly rights as described and depicted in the Exhibits “4-1”, “B-
1”, and “B-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,
If any element of this transaction is not handied 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 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 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 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.
MARICOPA COUNTY agrees to pay and the GRANTOR accepts the payment in full for the property described herein:
¢ Improvements located on the property in the amount of Twenty-Three Thousand Three Hundred Eighty and No/100 Dollars
($23,380.00) and broken out as follows in Exhibit “A-1.”
« — Real property the amount of Eleven Thousand and No/L00 Dollars ($11,000.00) described and depicted in Exhibit “B-1” and “B-2”.
© Administrative Settlement amount of Twenty-Five Thousand Six Hundred Twenty and No/100 Dollars ($25,620.00)
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 GRANTOR’s property, clear of the property described herein, and at
no expense to the GRANTOR except as may be herein otherwise agreed.
With respect to the development/redevelopment of the property prior to construction of project TTO011, 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.
MARICOPA COUNTY shall be responsible to the extent that damage occurs out of MARICOPA COUNTY 's occupation of the GRANTOR's 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 6
GRANTOR: Hollows Holdings, LLC, an
Arizona limited liability company
lis: Manager
9/19/2024
Date
RECOMMENDED FOR APPROVAL:
MARICOPA COUNTY DEPARTMENT
OF TRANSPORTATION
DocuSigned by:
Juwnifur Rodrigue
94438F0FBEGE43
ACCEPTED AND APPROVED:
MARICOPA COUNTY BOARD OF
SUPERVISORS
Right of Way Supervisor
9/19/2024
Date
Approved as to form within the
powers and authority of the Board of
Supervisors
DocuSigned by:
Wayne. Pu 9/19/2024
Chairman of the Board
Date
ATYEST:
Clerk of the Board of Supervisors
60463D0DE44C4ES..-
Deputy County Attorney Date
Page 3 of 6
Date
Site Improvements:
EXHIBIT '"'A-1"
Parcel No. 304-78-019Z
Item No. D22844 (DO)
Gravel Landscaping Estimate =$ 480.00
Materials Delivery Fee =$ 100.00
Pathway Pavers Estimate =$ 1,500.00
Concrete Sidewalk Estimate =$16,000.00
Shrubs/Bushes Estimate =$ 5,150.00
Plant Delivery Fee =$ 150.00
Site Improvements Total =$23,380.00
Page 4 of 6
Exhibit "B-1"
Parcel No, 304-78-019Z
Project No. TT0011 The Hollows
Item No. D22844-FEE
LEGAL DESCRIPTION FOR FEE SIMPLE RIGHT OF WAY
A parcel of land being a portion of Hollow Holdings LLC parcel as described in Special
Warranty Deed recorded in instrument 2013-0107685 located in the Southeast Quarter of
Section 25, Township 2 South, Range 6 East of the Gila and Salt River Base and Meridian,
Maricopa County, Arizona, and being more particularly described as follows:
Commencing at the Southeast corner of said Section 25, from which the South Quarter
corner of said Section 25, bears South 88°51'10"West, for a distance of 2,653.15 feet;
thence along the South Section line of said Section 25, South 88°51'10" West, for a distance
of 679.82 feet;
thence departing said Section line, North 01°08'50" West, for a distance of 40.00 feet to a
point on the Southerly line of said Hollow Holdings LLC parcel, said point being the Point of
Beginning;
thence along said Southerly line, South 88°51'10" West, for a distance of 640.70 feet to the
Westerly line of said parcel;
thence departing said Southerly line along said Westerly line, North 00°02'57" East, for a
distance of 35.01 feet;
thence departing said Westerly line, North 88°51'10" East, for a distance of 640.68 feet to the
Easterly line of said parcel;
thence along said Easterly line, South 00°01'17" West, for a distance of 35.01 feet to the
Point of Beginning.
The above described parcel contains 22,424 square feet or 0.5148 acres, more or less, and
is depicted on attached Exhibit "B".
MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION
Prelim: 02/02/2022 KH | Chk: 2/4/2022 JHA | Appr:
Rev:
| Maricopa County Real Estate Department
Page 5 of 6
Exhibit "B-2"
NO. | BEARING _| LENGTH
11 |.N01°08'50"W | _40.00'
12 | NOO"0257"E | 36.01"
13 | S000117"W | 35.01 Not to Scale
© The Hollows Subdivision
$s Book 1272 Page 40 M.C.R.
Sg
3
gee 79
QS ek 2)
& forbes \ \\ 304-84-984 Hudlin 313-04-931
304-79-969 __
/ ___ N88°51'10"E 640.88. -< -
ye 304-78-019Z 3
z SHEETIOW | 640.70" a ,
on \ | ey 979 82
‘ Se8°S110'W 2653.18"
RIGGS ROAD
Hollows Holdings LLC Deed Inst. #2013-0107685 M.C.R,
22844
{2
REE
Area: 22,424 square feet or 0.5148 acres more or less
MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION
RIGGS ROAD AT THE HOLLOWS Page 6 of 6
ITEM No, D22844 - FEE DATE 02/03/2022 RWT.D. Tech K.H. Page 1 of 1
PROJECT No. TT0011