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Maricopa County Department of Transportation
Purchase Agreement and Escrow Instructions
Title Company
Security Title Agency
Date
11/01/19
Address
4722 North 24th Street, Suite 200
Phone
602-230-6297
City
Phoenix, Arizona 85016
Fax
602-926-0452
Escrow Officer
Victoria Smith
Email
jbryant@securitytitle.com
Escrow No.
15180499-015-VS
Grantor:
PROPERTY RESERVE ARIZONA, LLC., an Arizona limited liability company who
took title as PROPERTY RESERVE ARIZONA, L.L.C., an Arizona limited liability
company
Phone:
801-240-8753
Contact
Jace McQuivey
Phone:
Mailing Address:
51 South Main Street, #301
Email
mcquiveyj@pripd.com
City, State Zip
Salt Lake City, Utah 84111
Fax:
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 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):
Escrow Fees
TBD
Total Acquisition of Grantor's Property: Full release of all
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
Mortgage Release
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 Maricopa County, 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
Release Fees
Maricopa County'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.
Easement(s): Consent to easement(s) by secured partOes).
Total Other Charges
0
Other Disbursements:
Sub Total
Title Report Credit
Land*
$261,516.00
Possession date:
Easements (TCE)
$12,361.00
Close of escrow:
Date of recording:
Special Conditions Right of Way Contract
Yes El
No 0
Exhibit "B"
Total Closing Costs
TBD
Entry Agreement
Yes 0
No El
Total Purchase Price
$273,880.00
Addendum attached hereto and made a
Yes 0
No El
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:
Lower Buckeye Road
Assessor Parcel No.: (A portion of) 104-36-001B and 104-36-002A
Right of Way Agent:
Jennifer Rodriguez
PCN: 1 1 0495
Item No D23710
Telephone # 602-506-4897
Page 1 of 3
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
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 IVIARICOPA 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.
Maricopa County 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, 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.
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 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.
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.
GRANTOR:
RECOMMENDED FOR APPROVAL:
ACCEPTED AND APPROVED:
PROPERTY RESERVE ARIZONA, LLC
an Arizona limited liability company
MARICOPA COUNTY DEPARTMENT
MARICOPA COUNTY BOARD OF
who took title as
OF TRANSPORTATION
SUPERVISORS
PROPERTY RESERVEARIZONA, L.L.C.,
an Arizona limited liability company
/
tielL
.A.,
I.____—...,
OW/A)
By: Ashley Powell
Real 'roper
Ma
Chairman of the Board
3
4„24,7_,e.)
Its: President
A I LEST:
Date
Date:
1ei1ij2.l9
Approved as to form within the
powers and authority of the Board of
Su
rvisors
Clerk of the Board of Supervisors
Accepted
' .q,...c
Date
3:7_61,0
ES ROW OFFICER
Deputy County Attorney
Date
Date
RES/KGR Revised 2/3/2017
Page 2 of 3
EXHIBIT "B"
RIGHT OF WAY AGREEMENT
Parcel No.: (a portion of) 104-36-001B and 104-36-002A
Project No.: 'IT0495
Project Name: Lower Buckeye Road
Project Termini: (71st Ave to 67th Ave)
Item No.: D23710 GR)
WHEREAS in consideration hereinafter set forth, it is agreed that this instrument contains the entire agreement between
the Grantor and Maricopa County. No further consideration is being paid than described in this agreement.
THE COUNTY OF MARICOPA AGREES:
A.
To use the real property described herein for the general welfare and benefit of the public.
B.
To pay the Grantors the sum of Two Hundred Sixty One Thousand Five Hundred Sixteen and No/100
Dollars ($261,516.00) as payment in full for the real property described herein.
C.
To pay the Grantors the sum of Twelve Thousand Three Hundred Sixty One and No/100 Dollars ($12,361.00)
as payment in full for the Temporary Construction Easement on the property described herein.
D.
That, if in the opinion of the Transportation Director it becomes necessary, private structures will be relocated in kind
to the Grantor's property, clear of the property described herein, at no expense to the Grantor except as may be
herein otherwise agreed.
E.
That no costs relating to construction of roadway improvements on Project No. '1'10495 will be charged to the
Grantor.
THE GRANTORS AGREE:
1. To grant a Special Warranty Deed for the real property described in Exhibit "A" to the County of Maricopa for the
general welfare and benefit of the public.
2. To accept the sum of Two Hundred Sixty One Thousand Five Hundred Sixteen and No/100 Dollars
($261,516.00) as payment in full for the property described herein.
3. To accept the sum of Twelve Thousand Three Hundred Sixty One and No/100 Dollars ($12,361.00) as payment
in full for the Temporary Construction Easement on the property described herein.
4. That the County, or its agents, is hereby granted the right to enter upon the remaining property of the Grantor for the
purpose of accomplishing "D" above.
Page 3 of 3
A Portion of Parcel No. 104-36-002A & 001B
Project No. TT495
LOWER BUCKEYE RD
(71ST AVE TO 67TH AVE)
Item No. D23710
EXHIBIT "A"
LEGAL DESCRIPTION FOR FEE SIMPLE RIGHT OF WAY
A parcel of land being a portion of that property as described in Document 2001-1105056, Maricopa
County Records, lying within the Southeast quarter of Section Thirteen, Township One North, Range
One East of the Gila and Salt River Base and Meridian, and being more particularly described as
follows:
Commencing at the Southeast corner of the Southeast quarter of said Section 13, being a brass cap in
handhole, from which the East quarter corner of said Section 13, being a brass cap in handhole, bears
North 01°05'15" East, for a distance of 2614.69 feet;
thence along the South line of said Southeast quarter North 89°16'01" West, for a distance of 2618.05
feet to the South quarter corner of said Section;
thence North 00°50'47" East, for a distance of 33.00 feet to the Point of Beginning;
thence continuing North 00°50'47" East, for a distance of 45.91 feet;
thence South 89°5053" East, for a distance of 10.00 feet;
thence South 00°50'47" West, for a distance of 10.42 feet to the beginning of a non-tangent curve
concave to the northeast having a radius of 27.00 feet, and to which point a radial line bears South
77°36'03" West;
thence southeasterly along the arc of said curve having a central angle of 40°26'21", for an arc distance
of 19.06 feet to the beginning of a non-tangent line parallel with and 53.00 feet northerly of the South
line of said Southeast quarter;
thence along said parallel line South 89°16'01" East, for a distance of 33.27 feet;
thence departing said parallel line North 00°16'26" West, for a distance of 11.00 feet to a point on a
line parallel with and 64.00 feet northerly of said South line;
thence along said parallel line South 89°16'01" East, for a distance of 2501.97 feet to a point on a line
parallel with and 63.00 feet westerly of the East line of said Southeast quarter;
thence along said parallel line North 01°05'15" East, for a distance of 63.86 feet;
thence departing said parallel line South 88°54'45" East, for a distance of 10.00 feet to a point on a line
parallel with and 53.00 feet westerly of said East line;
thence along said parallel line North 01°05'15" East, for a distance of 140.71 feet;
thence departing said parallel line South 88°54'45" East, for a distance of 5.00 feet to a point on a line
parallel with and 48.00 feet westerly of said East line;
thence along said parallel line North 01 005 1 15" East, for a distance of 81.42 feet;
thence departing said parallel line South 88°54'45" East, for a distance of 15.00 feet to a point on a line
parallel with and 33.00 feet westerly of said East line;
CONTINUED ON NEXT PAGE
GRANTOR //-
DATE
Page 1 of 2
EXHIBIT "A"
MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION
Prelim: OL- 08/21/19
Chk:
Appr:
Rev:
mocare
22260 .
KENNETH W.
GREEN
0 • ' V Z8'2
thence along said parallel line South 01°05'15" West, for a distance of 257.81 feet;
thence departing said parallel line South 45°54'29" West, for a distance of 73.77 feet to a point on a
line parallel with and 40.00 feet northerly of the South line of said Southeast quarter;
thence along said parallel line North 89°16'01" West, for a distance of 265.04 feet;
thence departing said parallel line South 00°50'47" West, for a distance of 7.00 feet to a point on a line
parallel with and 33.00 feet northerly of said South line;
thence along said parallel line North 89°16'01" West, for a distance of 2268.17 feet to the Point of
Beginning.
The above described parcel contains 82,251 square feet or 1.8882 acres more or less.
Cked by JIB 6 March 2020
Ma ricopa County Public Works - Real Estate Dei)Vment
GRANTOR DATE
0 fLOZO
EXHIBIT "A"
Page 2 of 2
67th Ave
NO1 °05'15"E 2614.69'
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KENNETH W.
GREEN
"fled • '
D23710
Property Reserve Arizona LLC
104-36-002A
D23710 Fee Simple Right of Way:
ROW 1.: 82,251 square feet or 1.8882 acres
LENGTH
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Sheet 1 of 2
EXPIRES 12/31 /2020
MARICOPA COUNTY REAL ESTATE DEPARTMENT
70495 Lower Buckeye Rd - 71st Ave TO 67th Ave
R/W Agent: J Rod.
Tech: DL
DATE 8-26-19
M.C.D.O.T.
PROJECT No, 110495
ITEM No, D23710
L6
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D23710
Property Reserve Arizona LLC
104-36-002A
33'
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D23710
Property Reserve Arizona LLC
104-36-001B
D23710 Fee Simple Right of Way: _
ROW 1: 82,251 square feet or 1,8882 acres
Sheet 2 of 2
LENGTH
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Lower Buckeye Rd
MARICOPA COUNTY REAL ESTATE DEPARTMENT
110495 Lower Buckeye Rd - 71st Ave TO 67th Ave
R/W Agent: J.Rob.
Tech: OL
DATE 8-26-19
M.C.D.O.T.
PROJECT No, 1T0495
ITEM No. D23710
A Portion of Parcel No. 104-36-002A & 001B
Project No. TT495
LOWER BUCKEYE RD
(71ST AVE TO 67TH AVE)
Item No. D23710-1
EXHIBIT "A"
LEGAL DESCRIPTION FOR TEMPORARY CONSTRUCTION EASEMENT
A parcel of land being a portion of that property as described in Document 2001-1105056, Maricopa
County Records, lying within the Southeast quarter of Section Thirteen, Township One North, Range
One East of the Gila and Salt River Base and Meridian, and being more particularly described as
follows:
Commencing at the Southeast corner of the Southeast quarter of said Section 13, being a brass cap in
handhole, from which the East quarter corner of said Section 13, being a brass cap in handhole, bears
North 01°05'15" East, for a distance of 2614.69 feet;
thence along the East line of said Southeast quarter North 01°05'15" East, for a distance of 349.61 feet;
thence North 88°54'45" West, for a distance of 33.00 feet to the Point of Beginning;
thence North 88°54'45" West, for a distance of 15.00 feet;
thence South 01°05'15" West, for a distance of 81.42 feet;
thence North 88°54'45" West, for a distance of 5.00 feet;
thence South 01°05'15" West, for a distance of 140.71 feet;
thence North 88 05445" West, for a distance of 10.00 feet;
thence South 01°05'15" West, for a distance of 63.86 feet;
thence North 89°16'01" West, for a distance of 2501.97 feet;
thence South 00 01626" East, for a distance of 11.00 feet;
thence North 89°16'01" West, for a distance of 33.27 feet to the beginning of a non-tangent curve
concave to the northeast having a radius of 27.00 feet, and to which point a radial line bears South
37°09'41" West;
thence northwesterly along the arc of said curve having a central angle of 40°26'21", for an arc
distance of 19.06 feet to the beginning of a non-tangent line;
thence North 00°50'47" East, for a distance of 10.42 feet;
thence North 89°50'53" West, for a distance of 10.00 feet;
thence North 00°50'47" East, for a distance of 5.09 feet;
thence South 89°16'01" East, for a distance of 72.96 feet;
thence South 00°43'59" West, for a distance of 8.00 feet;
thence South 89°16'01" East, for a distance of 2427.39 feet;
thence North 25°3050" East, for a distance of 108.82 feet;
thence North 01°05'15" East, for a distance of 93.83 feet;
thence South 88054145" East, for a distance of 5.00 feet;
CONTINUED ON NEXT PAGE
GRANTOR 77
DATE I
z
Page 1 of 2
EXHIBIT "A"
MARICOPA COUNTY DEPARTMENT OF TRANSPORTATION
Prelim: CL- 08/21/19
Chic
Appr:
Rev:
Maricopa County Public Works - Real Estate DeAtAtment
EXPIRES 12 / 31 / 2020
thence North 01 005'15" East, for a distance of 86.42 feet;
thence South 88°5445" East, for a distance of 35.00 feet;
thence South 01°05'15" West, for a distance of 5.00 feet to the Point of Beginning.
The above described parcel contains 38,877 square feet or 0.8925 acres more or less.
Cked by JIB 6 March 2020
GRANTOR DATE l040Z
EXHIBIT "A"
Page 2 of 2
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Sheet 1 of 2
D23710-1 Temporary Construction Easement:
38,877 square feet or 0.8925 acres
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Sheet 1
D23710
Property Reserve Arizona LLC
104-36-002A
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D23710
Property Reserve Arizona LLC
104-36-001B
CT)
MARICOPA COUNTY REAL ESTATE DEPARTMENT
110495 Lower Buckeye Rd - 71st Ave TO 67th Ave
R/W Agent: J.Rob.
Tech: OL
PROJECT No, 110495
ITEM No. D23710-1
DATE 8-26-19
M .C. D.O.T.
67th Ave
N01°05'15"E 2614.69'
RNG LN
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Sheet 2 of 2
D23710-1 Temporary Construction Easement:
38,877 square feet or 0,8925 acres
Match Line
EXPIRES 12/31/2020
MARICOPA COUNTY REAL ESTATE DEPARTMENT
70495 Lower Buckeye Rd - 71st Ave TO 67th Ave
R/W Agent: J.Rob.
Tech: OL
DATE 8-26-19
M.C,D.O.T.
PROJECT No, 110495
ITEM No, D23710- 1