Extracted text (via ocr_local)
9247 characters
Maticopa County Department of Transportation Dedication Purchase Agrcement and Escrow Insttuctions ‘Litle Company Security ‘lide Agency, Inc, Date September 29, 2020 Address 4722.N. 24" St, Ste. 200 Phoac 602-266-0642 City, State, Zip Phoenix, AZ 85016 Tax 602-230-6268 Sanh.baleanusevucrytis Lsccow Officer Sarah Baleanu Email £,com Escrow No. 15200190-015-SB6-SW Grantor: Capital VI, LLC Phone: | 480-947-9253 Contact: Russell Slcuse (801-763-5299) Cell: Mailing Add 6589 S. Kinys Ranch Blvd., #103] Box 6 Email: Bwoodruff0l@gmail.com City, State, Zip Gold Canyon, AZ 85118 __ Trax: Grantee: Maricopa County, « political subdivision of the State of Arizona Mailing Address: [ Macicopa County Real state Depactment, 2801 W, Durango Street, Phoenix, Arizona 85009 MARICOPA COUNTY shall pay dircctly to the Grantor, or deposit with the Titke Company i€ esccowed, the purchase price plus all lawful costs incidental to closing as follows: Charges and Disbursements to be paid from Grantor's funds as follows (check all that apply): Esccow Fees EJ Lotal Acquisition of Grantor's Property: Bull release ofall ‘Tulle Policy Fees monetary liens and eacumbeances, and leases of any kind. Pay in full all duc and delinquent real property taxes and general and special improvement assessments. Prorate the Total Escrow & ‘Title Fees 0.00 curcent year's ccal property taxes on'closings that occur on or After the 3cd Monday of August each year. Escrow Apent Recording Fees: shall withhold the prorated amounts from each pacty and pay Dees the lien of the current year's taxes in full, Lasernent Mortgage Release EX] Partial Acquisition of Grantor's Property: Partial velcasc of all Release of Lease monetary licas and encumbrances, and leases of any kind. At the discretion of Maricopa County, pay due and delinquent ‘Total Recording Feces propecty taxes and general and special improvement assessments, including full payment of taxes and Other Charges: assessments on individual assessor parcels within the Release Fees Maricopa County's partial acquisition, aad any Ceetificare(s) of Purchase, The current year's taxes shall not be prorated S.RAVW.ULA, ‘Taxes - Prorated. separdless of the closing date. C1 Rasemunt(@): Consent to easement(s) by secuced party (ies), ‘Total Other Charges [J Other Disbursements: I Sub Total 0,00 ‘Title Report Credit Land & [mprovements* $10.00 Possession date: Upon Signature Severance Damages Close of escrow: TCE Date of recording: Cost to Cure Special Conditions Right of Way Conteact Yes No] Exhibit "B" ‘Total Closing Costs*** 0,00 Entry Agecement Yes No "Total Pucchase Price $10.00 Addendum attached hercto aad made a Yes No TOTAL WARRANT** $10.00 part hereof *Zscrow and title policy fees based on this amount only, **Sum of "Total Purchase Price" only, ‘eet All Closing Costs to be paid by Seller, Project: SIE corner of 339% Ave, & Van Buren St PCN: “Assessor Parcel Nos. 504-13-001B Ttem No | DD-10864 Right of Way Agent: Kevin Swinchart Telephone # | (602) 506-4893 The GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE as described in the BxAibit(s) 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 transfecced 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, Decd of Trusts, Icaschold 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. Insteuctions to Escrow Agent: Deposit all escrowed funds in escrow account and disburse same by check; pay eacumbrances in accordance with this agreement; prorate all agreed items; record such escrowed instcuments as are necessary or propec in the issuance of title insurance; and pay the balance of the escrowed funds to the party or pattics entitled thereto. It is further understood and agreed that the Title Company shall not be responsible for any Jiens or encumbrances not of record at the closing of esccow. The Right of Way Agent or MARICOPA COUNTY - Real Estate Division will be furnished a copy of the Grantor's closing statement with the following certification signed by an authorized officec: “This is to certify this is a tue 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 Jender releases or loan pay-offs, including endorsements, document preparation, and other expenses related thereto; esccow 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. 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 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 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 constcuction of the improvements in the manner proposed by MARICOPA COUNTY. If MARICOPA COUNTY is acquiring only a portion of Grantor’s property, then Grantor grants to MARICOPA COUNTY, its agents, employees and contractors, the right to enter Grantor’s cemaining property as necessary for utility reconnection, driveway reconnection and to facilitate construction on adjacent County owned right of way, if required. 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 contcactors during the term of MARICOPA COUNTY's temporary occupancy of the property. All claims shall be submitted in accordance with the requicements of ARS 12-821. It is further understood and agreed that this temporary right will expire and terminate thirty (30) days after completion of the above referenced project. GRANTOR Capital VE EEG; a Nevada lieited RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: liability campany een 4 ae MARICOPA COUNTY DEPARTMENT | | MARICOPA COUNTY BOARD OF Tre: Wes. OF TRANSPORTATION SUPERVISORS By: Itsi, Real Property Manager Chairman of the Board ATTEST: Date Approved as to form within the powers and authority of the Board of Clerk of the Boned of Supervisors Supervisors Accepted Date ESCROW OFFICER Deputy County Attorney — Date Date KGR Revised 4/11/2018 Exhibit “B” RIGHT OF WAY AGREEMENT Patcel Nos.; 504-13-001B Project No.: TT0008 SE corner of 339" Ave., & W. Van Buten St. Item No.: DD-10884 (XS) — 22019098, 72019099, 22019100 WHEREAS in considetation hereinafter sct forth, it is agreed, that this instrument contains the entite agreement between the Grantor and Maticopa County. No further consideration is being paid than desctibed in this contract. ‘THE COUNTY OF MARICOPA AGREES: A. To use the real property desctibed in Exhibit "A", Exhibit “B”, and Exhibit “C” for the general welfare and benefit of the public. To pay the Grantor the sum TEN and no/100 dollats ($10.00) as payment in full for the property described hetein. That, if in the opinion of the Transportation Director it becomes necessary, private structures will be telocated in kind to the Grantor's property, clear of the property described herein, at no expense to the County. THE GRANTOR AGREES: 1. To grant a Watranty Deed fot the real property desctibed in Exhibit "A", Exhibit “B”, and Exhibit “C” to the County of Maricopa for the general welfare and benefit of the public. To accept the sum of TEN and no/100 dollats ($10.00) as payment in full for the property described herein. That acceptance of this property in no way obligates Maricopa County to consttuct ot maintain a roadway within the Right of Way granted by this document. To be tesponsible for maintenance of the dedicated tight of way until such time if and when a roadway is built, to minimum county standatds, and the roadway is open and declared into the Maricopa County Transportation System.