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Maricopa County
Purchase Agreement and Escrow Instructions
Title Company Commonwealth Land Title Insurance Company NCS Date May 29, 2024
Address 2390 E. Camelback Road, Suite 230 Phone (602) 287-3533
City Phoenix, AZ 85016
Escrow Officer Andrew Platt Email andrew.platt@cltic.com
Escrow No. 24000617-040-DO-APC
Grantor: RE Papago Landco LLC, a Delaware limited liability company Phone: (832) 540-2998
Contact Joan Wehring Phone:
joan.wehring@recurrente
Mailing Address: 98 San Jacinto Blvd, Ste 750 Email nergy.com
City, State Zip Austin, TX 78701
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):
(Not Applicable for Dedications) Code
Escrow Fees (]_ Total Acquisition of Grantor's Property: Full release of all
Title Policy Fees $ 0.00 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 $_ 0.00 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 the lien of the current year's taxes in full.
Release of Lease
XX] 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 property taxes and general and special improvement
assessments, including full payment of taxes and
Other Charges: assessments on individual assessor parcels within
Release Fees Maricopa County's partial acquisition, and any Certificate(s)
Consent Fees of Purchase. The current year's taxes shall not be prorated
S.R.V.W.U.A. regardless of the closing date.
Taxes -Prorated | L
L]_Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges
LJ_ Other Disbursements: |
Sub Total $0.00
Land* $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 are to be paid by Seller.
**Sum of "Total Closing Costs" and "Total Compensation" only.
Project Name: Papago Land Project Number: | TT0008
Assessor Parcel No.: 506-31-010D, 010E and 010F; 506-31-010B, 010C, Item No. D25179 /DD10925
Right of Way Agent: Alicia Hernandez Telephone # (602) 506-8163
Page 1 of 7
The GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE as described in the Exhibits “A-1”, “A-2”,
"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.
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 the 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 afler 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 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.
This Agreement is subject to cancellation pursuant to A.R.S. § 38-511.
GRANTOR: RE Papago LandCo LLC, RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED:
a Delaware limited liability cos
MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF
By: SUPERVISORS
Its:_Vie i
i Chairman of the Board
pate: June S 2024.
6/20/2024
Date ATTEST:
Approved as to form within the
powers and authority of the Board of Clerk of the Board of Supervisors
ony by:
Deput sseanapearaaitey Date
6/24/2024
Date
Page 2 of 7
Exhibit "'A-1"
aeecrartl
©2018 Westwood Professional Services, inc.
SALOME HIGHWAY DESCRIPTION.
A 130.00 FOOT CORRIDOR LYING 65.00 FEET RIGHT AND LEFT OF THE CENTERLINE
DESCRIBED HEREIN, OVER THAT PORTION OF THE EAST HALF OF SECTION 26, TOWNSHIP
2 NORTH, RANGE 8 WEST OF THE GILA AND SALT RIVER MERIDIAN, MARICOPA COUNTY,
ARIZONA, MORE PARTICULARLY DESCRIBED AS FOLLOWS;
COMMENCING AT THE SOUTHEAST CORNER OF SAID SECTION 26, MONUMENTED BY A
2-1/2 INCH GENERAL LAND OFFICE BRASS CAP, FROM WHICH THE EAST QUARTER
CORNER OF SAID SECTION 26, MONUMENTED BY A 2-1/2 INCH GENERAL LAND OFFICE
BRASS CAP BEARS, NORTH 00°36'01” EAST, A DISTANCE OF 2,640.92 FEET;
THENCE ALONG THE EAST LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 26,
NORTH 00°36’01” EAST, A DISTANCE OF 245.89 FEET TO THE POINT OF BEGINNING;
THENCE, DEPARTING SAID EAST LINE, NORTH 45°36'21" WEST, A DISTANCE OF 3,656.68
FEET, TO A POINT ON THE NORTH-SOUTH MID—SECTION LINE OF SAID SECTION 26, FROM
WHICH THE CENTER OF SECTION 26, MONUMENTED BY A 2 INCH MARICOPA COUNTY
DEPARTMENT OF TRANSPORTATION ALUMINUM CAP, BEARS SOUTH 00°35’50" WEST, A
DISTANCE OF 134.99 FEET.
THE SIDELINES OF SAID 130.00 FOOT CORRIDOR ARE PROLONGED OR SHORTENED SO AS
TO TERMINATE ON THE EAST LINE OF THE SOUTHEAST QUARTER OF SAID SECTION 26
AND THE WEST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 26.
CONTAINS 475,369 SQUARE FEET OR 10.914 ACRES, MORE OR LESS.
ALL BEARINGS, DISTANCES AND AREAS ARE BASED ON ARIZONA STATE PLANE
COORDINATE SYSTEM, CENTRAL ZONE, NAD83(2011).
AS SHOWN ON SHEETS 2 AND 3 OF 3 ATTACHED HERETO, AND MADE A PART HEREOF.
0022642—SEC 26-—Salome Ded.dwg
as . Sheet 1 OF 3
Westwood Checked a py hoe Lora
eaitined Dews __G@PF__ ARIZONA DEDICATION
Record Drawing date DESCRIPTION
Page 3 of 7
Exhibit "A-2"
©2022 Westwced Profauiand Sarvioss, ino.
1/4
FOUND
STAMPED LS# 33307
$89°29'39"E 2639.24
=
CORNER FOR SECTIONS
23 & 26, T2N, RBW
3” MCDOT BRASS CAP
STAMPED LS# 36563
CORNER FOR SECTIONS
23, 24, 25 & 26,
T2N, R8W
FOUND 3” MCDOT BRASS
CAP STAMPED LS# 36563
ol ._ APN: : 18
© 506-31-0108 | ig
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3 506-31-0106 |S
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8)' 506—31-010D i8
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CENTER 1/4 CORNER TERMINUS | 25 & 26, T2N, R8W FOUND]
SECTION .26, T2N, R8W _2-1/2IN GLO BRASS’ CAP’
“FOUND 2 1/2"
ALUMINUM CAP
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"1/4 CORNER FOR $89 3"E__2639.37 VA
SECTIONS 26 & 35, POINT OF COMMENCEMENT:
T2n, R8W x CORNER - FOR SECTIONS
FOUND 2” MCDOT 25, 26, 35 & 36, T2N, R&W
ALUMINUM CAP FOUND 2-1/2IN GLO BRASS CAP
SEE SHEET 3 Oo 500 1000 ;
“__0022642~SEC .26—Salome Ded.dwg . EXHIBIT
cm = De or/zz/0022
Bacon’ Drawing date DESCRIPTION
Page 4 of 7
—
2022 Wa r eo.
1/4 CORNER FOR SECTIONS 23 & 26, T2N, RW
FOUND 3” MCDOT BRASS CAP STAMPED LS# 36563
77 2502.61
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SECTION LINE — --
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DEDICATION ‘DESCRIPTION .
SALOME DEDICATION - *
GENERAL LAND OFFICE GLO
ASSESSOR’S PARCEL LL
: CEL NUMBER, APN oF oo =,
FOUND MONUMENT AS NOTED e
0022642-SEC 26—Salome Ded.dwg . EXF0BIT
; : Sheet FJ OF 3
. Crew: _s “
Westwood Checiat ap Date: 07/22/2022
" Record Drawing date DESCRIPTION
Page 5 of 7
Exhibit "B-1"
INDIAN SCHOOL ROAD DEDICATION
A PORTION OF SECTION 26, TOWNSHIP 2 NORTH, RANGE 8 WEST, GILA AND SALT RIVER MERIDIAN,
MARICOPA COUNTY, ARIZONA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
THE NORTH 65 FEET OF THE NORTHEAST QUARTER OF SAID SECTION 26.
CONTAINING 171,550 SQUARE FEET OR 3.94 ACRES, MORE OR LESS.
BEARINGS, DISTANCES AND AREAS ARE GRID BASED ON ARIZONA STATE PLANE COORDINATE SYSTEM,
CENTRAL ZONE NAD83(2011), INTERNATIONAL FOOT.
AS SHOWN ON SHEET 2 OF 2, ATTACHED HERETO AND MADE A PART HEREOF.
SHEET:1 OF 2
DATE: 04/05/2024)
0022642_ROADWAY_DEDICATIONS.dwg
SECTION 26, T2N, R8&W,
‘Seep GSRM, MARICOPA ROADWAY
Westwood Checked: BB COUNTY, ARIZONA DEDICATION
rm rao oes eres
shee QC genet Drawn: NIF
(Westwood Profasdonel Serva, nc.
Record Drawing date:
Page 6 of 7
Exhibit "B-2"
THOT WGTST RSET OEE A]
J EAST LINE OF NE/4 SECTION 26 Lh
SS ae NOS baceT BoE PETA
DOCKET 8065, PAGE 1771 { <a>
\ “INST, 2000-857658 gg
‘~~FOUND 3IN MCDOT BRASS aS
CAP STAMPED W/ LSA36563 ee
FOR CORNER SECTIONS 23, 7 ’ ,
24, 25 & 26, T2N, R8W a Le GEND 900
+-}+——— NORTH LINE OF NE/4 SECTION 26 LEGEND
—) = 65.00 ————-—— | QUARTER SECTION LINE
ow
Ry ap — — — —— SECTION LINE
9 Xe eae EASEMENT LINE
S
& ~~ 65’ ROADWAY DEDICATION
2 19001118-040—DO-A98 -_-_
8 PARCEL 2 e MONUMENT FOUND
3 RE PAPAGO LANDCO LLC AS NOTED
z x APN: 506—31-010C
=k
28 (DOCKET 8065, PAGE 171
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! rs “\- DOCKET 8065, PAGE 171
ky =
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Fea 8 19001118-040—DO—A98
S1) [e PARCEL 1
25 | aw RE PAPAGO LANDCO LLC
Neti [8 APN: 506—31—O10B
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IS V6
=o Se
THF] 20.00 _-- FOUND 3IN MCDOT BRASS CAP
{| 65.00 STAMPED W/ LS#36563
| [ / FOR 1/4 CORNER
| l / SECTIONS 23 & 26, T2N, R8W
| /
i. f DOCKET 8065, PAGE 171+
| | / @ & (WEST LINE OF NE/4 SECTION 26 (ff
ly ag ( <(NST. 2000-857658 //
Wd) ees SHEET:2 OF 2
tf DATE: 04/05/2024
0022642_ROADWAY_DEDICATIONS. dwg
SECTION 26, T2N, R8W,
Westwood come GSRM, MARICOPA ROADWAY
Checked: BB COUNTY, ARIZONA DEDICATION
ee NF
‘Westavod Profesional Services, Inc.
Record Drawing date:
Page 7 of 7