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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, 15220274-015-JB6-SW Grantor: The Hollows Homeowners Association, an Arizona nonprofit corporation Phone: | 602-818-0723 Contact Kelly Shepherd, Director 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 [1 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 M4 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 $0.00 [X]_ 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. | [1 Easement(s): Consent to easement(s) by secured party(ies). Total Other Charges | TBD dd (] Other Disbursements: l Sub Total TBD Land* $611.00 UW Improvements* $1,320.00 10 Administrative Settlement | $2,869.00 10 ‘Total Purchase Price _| $4,800.00 [ Total Escrow & Title Costs $1,281.00 M4 Total Compensation (minus any funds paid outside of escrow) $4,800.00 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: | TTOO11 Assessor Parcel No.: 304-84-984 and -985 Item No. D24585 Right of Way Agent: Dante Olono Telephone # 602-506-6792 Page 1 of 7 The GRANTOR and GRANTEE, having executed a conveyance of certain real property rights as described and depicted in the Exhibits “A-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 fiens 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 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 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 One Thousand Three Hundred Twenty and No/100 Dollars ($1,320.00) and broken out as follows in Exhibit “A-1.” « Real property the amount of Six Hundred Eleven and No/100 Dollars ($611.00) described and depicted in Exhibit “B-1” and “B-2”. « Administrative Settlement amount of Two Thousand Eight Hundred Sixty- Nine and No/100 Dollars ($2,869.00) 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 T0011, 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 shail 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 7 GRANTOR: The Hollows Homeowners Association, an Arizona nonprofit corporation Its: Director 9/19/2024 Date Signed by: oo By: Anna Varney Its: Secretary 9/19/2024 Date RECOMMENDED FOR APPROVAL: MARICOPA COUNTY DEPARTMENT ACCEPTED AND APPROVED: MARICOPA COUNTY BOARD OF OF TRANSPORTATION SUPERVISORS DosuSigned by: Jennifer Kodriques Right of Way Supervisor Chairman of the Board 9/19/2024 Date Date ATTEST: Approved as to form within the powers and authority of the Board of Supervisors DocuSigned by: Wague Prtk. 9/19/2024 453B0RE44C4ES. Clerk of the Board of Supervisors Deputy County Attorney Date Page 3 of 7 Date Site Improvements: EXHIBIT "A-i" Parcel No. 304-84-984 & 985 Item No. D24585 (DO) Gravel Landscaping Estimate =$ 240.00 Materials Delivery Fee =$ 100.00 Pathway Pavers Estimate =$ 200.00 Shrubs/Bushes Estimate =$ 180.00 Plant Delivery Fee =$ 150.00 Landscape Grass Estimate =$ 450.00 Site Improvements Total =$1,320.00 Page 4 of 7 Exhibit "B-1" Parcels No. 304-84-984,985 Project No. TT0011 The Hollows Item No. D24585-FEE LEGAL DESCRIPTION FOR FEE SIMPLE RIGHT OF WAY Two parcels of land 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: Parcel 304-84-985(Parcel 1) 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 2653.15 feet; Thence along the south line of said Section, South 88°51'10" West, for a distance of 1320.52 feet; thence departing said Section line, North 01°08'50" West, for a distance of 40.00 feet; thence North 00°02'57" East, for a distance of 35.01 feet to a point on the Northerly Right of Way line of Riggs Road being the Point of Beginning; thence departing said Right of Way, along the West line of The Hollows Subdivision, North 00°02'57" East, for a distance of 10.00 feet; thence departing said West line, North 88°51'10" East, for a distance of 24.37 feet; thence South 46°08'19" East, for a distance of 14.14 feet to a point on the Northerly Right of Way line of Riggs Road; thence along said Northerly Right of Way, South 88°51'10" West, for a distance of 34.58 feet to the Point of Beginning. The above described parcel contains 295 square feet or 0.0068 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 7 Parcel 304-84-984(Parcel 2) 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 2653.15 feet; thence along the South Section line of said Section, South 88°51'10" West, for a distance of 679.82 feet; thence departing said Section, North 01°08'50" West, for a distance of 40.00 feet; thence North 00°01'17" East, for a distance of 35.01 feet to a point on the Northerly Right of Way of Riggs Road being the Point of Beginning; thence along said Northerly Right of Way, South 88°51'10" West, for a distance of 37.08 feet; thence departing said Right of Way, North 43°51'14" East, for a distance of 14.14 feet; thence North 88°51'10" East, for a distance of 27.29 feet to a point on the East line of The Hollows Subdivsion; thence along said East line, South 00°01'17" West, for a distance of 10.00 feet to the Point of Beginning. The above described parcel contains 322 square feet or 0.0074 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 6 of 7 L4 Exhibit "B-2” NO. | BEARING LENGTH Li. | N01°08'50"W | _40.00' 12 | N00°02'57"E | 35.07 13. | N00°02'57"E | 10.00’ 14 | N88°5110"E | 24.37" L6 | § 46°08'19"E | 14.74" Lé | S88°571'10"W | 34.58" L7__| N01°08'50"W |__ 40.00" Le | NOO°OT'17"E | 35.07 Lg | S88°51'10"W | 37.08" L10 | N43°5114"E | 714.14’ Lit | N88°S7'10"E | 27.29 cee L172 | S00°01'17"W | 70.00' ptt, 124585 wl P2455 |. (Parcel 1) (Parcel 2) i Lit : ‘ Lg Jt : y ~~ pop? Not to Scale 6 « . J The Hollows Subdivision = fe Bo yp ee Book 1272 Page 40 M.C.R. a8 6 £88 Zz, SBP passes“, QS ey Hollows Home “0” 4, 24585 AgSS Owners Assoc. a Hollows Home §s° 304-84-988, \_ \ Owners Assoc D22850 Savoy Realty Bs \ 304-84-084 \ Clint / Tamara Investments 5 \ \ Hudlin 313-04-931 ro} ke ‘ ' i a 304-79-969 J ee | EY ene + yy — — T >, © die. |. : 679,82' x 1320.82 REE Parcel 1 Area: 295 square feet or 0.0068 acres more or less Parcel 2 Area: 322 square feet or 0.0074 acres more or less S88°51'10"W 2653, 15" RIGGS ROAD Total Area: 617 square feet or 0.0142 acres more or less MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION RIGGS ROAD AT THE HOLLOWS PROJECT No, TT0011 ITEM No, D24585 - FEE DATE 02/02/2022 RW T.D. Tech K.H. Page 7 of 7