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Flood Control District of Maricopa County Purchase Agreement and Escrow Instructions Title Company Security Title Agency Date July 1, 2020 Address 4722 N 24 Street, Ste. 200 Phone 602-230-6297 City Phoenix, AZ 85016 Fax Escrow Officer Jason Bryant Email jbryant@securitytitle.com Escrow No. 23200178-023-JB7-SW Grantor: Matthew S. Ringe, an unmarried man Phone: _| 602-757-8805 Contact Matthew S. Ringe Phone: Mailing Address: | 50437 North 36th Avenue Email ringematt@gmail.com City, State Zip New River, AZ 85087 Fax: Grantee: FLOOD CONTROL DISTRICT OF MARICOPA COUTNY [DISTRICT], a political subdivision of the State of Arizona Mailing Address: | Real Estate Department, 2801 W. Durango Street, Phoenix, Arizona 85009 The DISTRICT shall pay directly to the Grantor, or deposit with the Title Company if escrowed, 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): I I XX] Total Acquisition of Grantor's Property: Full release of all q! perty: Escrow Fees TBD Title Policy Fees TBD monetary liens and encumbrances, and leases of any kind. Pay in full all due and delinquent real property taxes and general and special improvement assessments. Prorate the Total Escrow & Title Fees 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 Deed the lien of the current year's taxes in full. Easement I | Mortgage Release [1 Partial Acquisition of Grantor's Property: Partial release of all Release of Lease monetary liens and encumbrances, and leases of any kind. At the discretion of the DISRICT, pay due and delinquent Total Recording Fees property taxes and general and special improvement assessments, including full payment of taxes and Other Charges: assessments on individual assessor parcels within the Release Fees DISTRICT’S partial acquisition, and any Certificate(s) S.R.V.W.U.A. of Purchase. The current year's taxes shall not be prorated ‘Taxes - Prorated regardless of the closing date. LJ _Easement(s): Consent to easement(s) by secured party(ies). Total Other Charges [1] Other Disbursements: | Sub Total Title Report Credit Land* $355,000.00 Possession date: Close of escrow: Date of recording: Special Conditions Right of Way Contract Yes L] | NoX Exhibit "B" Total Closing Costs TBD Entry Agreement Yes L] | NoX Total Purchase Price $355,000.00 Addendum attached hereto and made a Yes L] | No TOTAL WARRANT** TBD part hereof *Escrow and title policy fees based on this amount only. **Sum of "Total Closing Costs" and "Total Purchase Price" only. Project: Floodprone Properties Assistance Program PCN: | FCD700.01.12 Assessor Parcel No.: 202-06-015L Item No | F00396 Right of Way Agent: Sandy Ojeda, R/W-RAC Telephone # | 602-506-5248 Page 1 of 2 The GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE as described in the Exhibit(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 the DISTRICT, title to said property to be transferred upon execution of the conveyance by the BOARD OF DIRECTORS. ‘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 the “DISTRICT.” 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 DISTRICT 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, the DISTRICT 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. Tf any element of this transaction is not handled through a title company, the conveyance will be delivered directly to the DISTRICT and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the BOARD OF DIRECTORS 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 the DISTRICT. ‘The DISTRICT shall be responsible to the extent that damage occurs out of the DISTRICT's occupation of the Grantor's property caused by the DISTRICT’s negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of the DISTRICT'S temporary occupancy of the property. All claims shall be submitted in accordance with the requirements of ARS 12-821. 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. CRASIOR: Matthey RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: LC 7) FLOOD CONTROL DISTRICT BOARD OF DIRECTORS OF a , . 7 (C OF MARIOPA COUNTY FLOOD CONTROL DISTRICT OF Cb MARICOPA COUNTY Matthew S. Ringe Date Michael A Fulton Date Chairman of the Board Director, Flood Control District ATTEST: Michelle Colby, SR/ WA Date Director, Real Estate Department Approved as to form within the powers and authority of the Board of ; ; . Security Title Agency Directors Clerk of the Board of Directors Accepted Date ESCROW OFFICER Date Deputy County Attorney Date RES/KGR Revised 4/29/2020 DocuSign Envelope ID: 04B915E2-BD31-40A4-905E-5D66154EB045 The GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE as described in the Exhibit(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 delivet said conveyance to the DISTRICT, title to said property to be transferred upon execution of the conveyance by the BOARD OF DIRECTORS. ‘The Escrow Agent shall first apply the purchase price on deposit to satisfy such taxes, Deed of 'I'rusts, leaschold 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 Esccow 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 ace 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 the “DISTRICT.” ‘The Escrow Agent is to request the Grantor acknowledge receipt of the amount shown on the closing statement as due Grantor. Hither a copy of this request or a copy of a signed receipt is to be retained in the escrow file. ‘The DISTRICT 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, the DISTRICT 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 the DISTRICT and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the BOARD OF DIRECTORS 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 Ineger 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 pact being acquired and the construction of the improvements in the manner proposed by the DISTRICT. The DISTRICT shall be responsible to the extent that damage occurs out of the DISTRICT's occupation of the Grantor's property caused by the DISTRICT’s negligence, or by the negligent acts or conduct of its agents, employees, or contractors during the term of the DIST'RICI’S temporary occupancy of the property. All claims shail be submitted in accordance with the requirements of ARS 12-821. It is further agreed settlement is being made in lieu of condemnation, and thecefore not admissible as evidence of value, nor for any other evidentiary purpose, in conjunction with any judicial or administrative proceeding. GRADOR: Matthew $.Rigge RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED: © fp SLOOD CONTROL DISTRICT BOARD OF DIRECTORS OF / _ = % > @ on wanora county FLOOD CONTROL DISTRICT OF GE” > C4 MARICOPA COUNTY DocuSigned by: Matthew S, Ringe . Date Midkacl Cultor/10/2020 61D71DC47ERR48C. Michael A Fulton Date Chairman of the Board rrpgeusigned by: we irector, Hlood Control District (allay? /10/2020 Michelle Colby, SR/WA Date Director, Real Estate Department ATTEST: Approved as to form within the a re . asaryhanspority of the Board of Clerk of the Board of Directors Security Title Agency "Hine Accepted Date __ VL Prtk 7/9/2020 ESCROW OFFICER a2E08010D852404. Date Deputy County Attorney Date RES/KGR Revised 4/29/2020 Parcel No. 202-06-015-L Floodprone Properties Assistance Program Project No. 700.01.12 Item No. F00396 EXHIBIT “A” LEGAL DESCRIPTION THE LAND REFERRED TO HEREIN BELOW IS SITUATED IN THE COUNTY OF MARICOPA, STATE OF ARIZONA, AND IS DESCRIBED AS FOLLOWS: A portion of: The Northeast quarter of Lot 1, Section 22, Township 7 North, Range 2 East of the Gala and Salt River Base and Meridian, Maricopa County, Arizona, described as follows: BEGINNING at the Northeast corner of said Northeast corner of Lot 1; THENCE West along the North line thereof 370 feet; THENCE South 300 feet to a point said point being the Southwest corner of the Property described in Deed recorded in Docket 8966, Page 199, records of Maricopa County, Arizona; THENCE Southeasterly along the Southerly line of said property a distance of 130 feet to the TRUE POINT OF BEGINNING; THENCE continuing Southeasterly along the Southerly line of said property 300 feet to the Southeast corner of said property; THENCE South along the East line of Lot 1 a distance of 80 feet; THENCE West 307 feet said line is designated as "Line A" for future reference; THENCE Southwesterly to a point which is 365 feet West and 20 feet North of the Southeast corner of the Northeast quarter of Lot 1 said line is designated as "Line B" for future reference; THENCE West 20 feet, more or less to a point on the East line of the West line e of the West 275 feet of the said Northeast quarter of Lot 1; THENCE Northeasterly parallel to aforesaid "Line B" to a point that is on the Westerly prolongation of aforesaid "Line A" THENCE Northeasterly parallel to aforesaid "Line B" to a point that is on the Westerly prolongation of aforesaid "Line A’ THENCE Northeasterly to the TRUE POINT OF BEGINNING. Exhibit “A” Page 1 of 1