Extracted text (via ocr_local)
11720 characters
Maricopa County
Purchase Agreement and Escrow Instructions
(Not Applicable for Dedications)
Title Company First American Title Insurance Date April 11, 2024
Address 901 Via Piemonte, Suite 150 Phone (909) 510-6200
City Ontatio, CA 91764 Fax
Escrow Officer Greg Frank Email gfranke@firstam.com
Escrow No. NCS-1201604-ONT1
Grantor: Luke 303 L.L.C., a Delaware limited liability company Phone:
Contact Philip Prassas Phone:
Mailing Address: 827 W. 7" Street, Suite 200 Email
City, State Zip Los Angeles, CA 90014 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 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
aI
Escrow Fees TBD C1 Total Acquisition of Grantor's Property: Full release of all
Title Policy Fees TBD 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 TBD 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 |
KX] 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 TBD 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 I
LJ Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges
(1 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 are based on this amount only.
**Sum of "Total Purchase Price" only.
*** All Closing Costs are to be paid by Seller.
Project Name: Alsup Road Project Number: | TT0008
Assessor Parcel No.: 501-60-008, 006C, 006D, 010E, 010F and 034 Item No. D25008 / DD10924
Right of Way Agent: Alicia Hernandez Telephone # (602) 506-8163
Page 1 of 6
The GRANTORS, having executed a conveyance of certain real property rights to the GRANTEE as described in the Exhibits “4-1”, “4-2”, “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 Grantors’ 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 Grantors acknowledge receipt of the amount shown on the closing statement as due Grantor(s). 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 Grantors 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 Grantors 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 Grantors’ 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.
If MARICOPA COUNTY is acquiring only a portion of Grantors’ property, then Grantors grant to MARICOPA COUNTY, its agents, employees and
contractors, the right to enter Grantors’ remaining 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 Grantors’ 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 understood and agreed that this temporary right will expire and terminate thirty (30)
days after completion of the above referenced project.
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.
GRANTORS: Luke 303 L.L.C., a Delaware RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED:
limited tabstisianedttgany
Plulip Prassos
MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF
By: ‘BRARURRARTATION SUPERVISORS }
Its: Vice President
5/15/2024 Chairman of the Board
Date:
5/15/2024
Date ATTEST:
Approved as to form within the
powers and authority of the Board of Clerk of the Board of Supervisors
Pic Pu by:
ered ioe Date
5/16/2024
Date
Page 2 of 6
Exhibit "A-1"
DEDICATION
LEGAL DESCRIPTION
THAT PORTION OF THE NORTHEAST QUARTER OF SECTION 7, .TOWNSHIP 2 NORTH,
RANGE 1 WEST OF THE GILA AND SALT RIVER MERIDIAN, MARICOPA COUNTY,
ARIZONA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT THE NORTH QUARTER CORNER OF SAID SECTION 7, BEING A
ALUMINUM CAP IN HANDHOLE, FROM WHICH THE NORTHEAST CORNER OF SAID
SECTION 7, BEING A BRASS STAMPED S6 S5 S7 S8 RLS 36563 2003 BEARS NORTH
89°41°27" EAST, A DISTANCE OF 2641.47 FEET;
THENCE NORTH 89°41'27” EAST, ALONG THE NORTH LINE OF THE NORTHEAST
QUARTER OF SAID SECTION 7, A DISTANCE OF 84.00 FEET,
THENCE SOUTH 005’07” EAST, A DISTANCE OF 104.00 FEET;
THENCE SOUTH 89°41'27” WEST, A DISTANCE OF 44.00 FEET TO THE POINT OF
BEGINNING;
THENCE SOUTH 00507” EAST, ALONG A LINE PARALLEL WITH AND 40.00 FEET
EAST OF THE WEST LINE OF THE NORTHEAST QUARTER OF SAID SECTION 7, A
DISTANCE OF 1207.86 FEET;
THENCE SOUTH 89°55'22” WEST, A DISTANCE OF 7.00 FEET;
THENCE NORTH 00°5’07” WEST, A DISTANCE OF 1207.83 FEET;
THENCE NORTH 89°41'27” EAST, A DISTANCE OF 7.00 FEET TO THE POINT OF
BEGINNING.
SAID DESCRIPTION CONTAINING 0.19 ACRE+.
TITLE: XB03
HUNTER PAGE 1 OF 2
ENGINEERING CIVIL AND SURVEY
DATE: 10/06/23 10450 N. 74TH ST., SUITE 200
DESC: DEDICATION E 480 931 3965
PROJ.NO.CROWOO1—
3 of 6
NX
Exhibit "A-2"
NORTHEAST CORNER
—NORTH QUARTER OF SECTION 7
CORNER OF FND MARICOPA COUNTY
SECTION 7 BRASS CAP STAMPED
FOUND ALUM CAP S6 S5 S7 SB
IN HANDHOLE GLENDALE AVENUE RLS 36563 2003
_ N89°41'27"E 2641.47" _ ~~
1 ii vo: 2557.51"
oy v
POB
L3
| 7 R/W
as DEDICATION
a8
4 & | Bs APN 501-60-008, 501—60—010E,
ol sits m 501—60—006C,
a eR! alls 501-60-034 & 501—60—010F
> sz; "I|7 LUKE 303 LLC
M in®' sl, DEED 20211379908 M.C.R.
ob] AK
{L nz) ollo
bh] BI]
Dl alle
5 2\)% LINE TABLE
2! _| LINE | BEARING. | DISTANCE
33.00’ RIGHT OF WAY PER L1_| N89°41'27"E | 84.00"
DKT 509, PAGE 494 M.C.R. t2 | soos'o7"e | 104.00"
L3 | sa9'41’27"w | 44.00"
L4 | sag°55'22"w | 7.00"
L5 | N89°41’27"E | 7.00"
N14
CENTER OF SECTION 7
FND IRON BAR
TITLE: XBO03 HUNTER PAGE 2 OF 2
, ENGINEERING CIVIL AND SURVEY
DATE: 10/06/23 10450 N. 74TH ST., SUITE 200
. SCOTS OM aD B61 3065
DESC: DEDICATION T 480 961 3985
\
PROJ.NO.CROWOO1—
4 of 6
Exhibit "B-1"
DEDICATION
LEGAL DESCRIPTION
THAT PORTION OF THE SOUTHEAST QUARTER OF SECTION 7, TOWNSHIP 2 NORTH,
RANGE 1 WEST OF THE GILA AND SALT RIVER MERIDIAN, MARICOPA COUNTY,
ARIZONA, MORE PARTICULARLY DESCRIBED AS FOLLOWS:
COMMENCING AT THE CALCULATED POSITION FOR THE SOUTH QUARTER CORNER OF
SAID SECTION 7, FROM WHICH A FOUND IRON BAR MARKING THE CENTER OF SAID
SECTION 7 BEARS NORTH 00°15’07” WEST A DISTANCE OF 2656.29 FEET;
THENCE NORTH 00°5’07” WEST, ALONG THE WEST LINE OF THE SOUTHEAST
QUARTER OF SAID SECTION 7, A DISTANCE OF 1328.14 FEET TO THE SOUTHWEST
CORNER OF THE NORTH HALF OF THE SOUTHEAST QUARTER OF SAID SECTION 7;
THENCE SOUTH 89°59°43” EAST, A DISTANCE OF 33.00 FEET TO THE POINT OF
BEGINNING;
THENCE NORTH 00°5’07” WEST, ALONG A LINE PARALLEL WITH AND 33.00 FEET
EAST OF THE WEST LINE OF SAID SOUTHEAST QUARTER, A DISTANCE OF 1328.06
FEET;
THENCE SOUTH 89°50’43” EAST, A DISTANCE OF 7.00 FEET;
THENCE SOUTH 00°15’07” EAST, A DISTANCE OF 1328.04 FEET;
THENCE NORTH 89°59'43” WEST, A DISTANCE OF 7.00 FEET TO THE POINT OF
BEGINNING.
SAID DESCRIPTION CONTAINING 0.21 ACRE+.
\
TITLE:
DATE:
DESC:
XB04 HUNTER PAGE 1 OF 2
=
ENGINEERING CIVIL AND SURVEY
1/29/24 10450 N. 74TH ST., SUITE 200
SCOTTSDALE, AZ 85258
DEDICATION re
PROJ.NO.CROWOO1—
5 of 6
Q
Exhibit "B-2"
f— a
CENTER OF
SECTION 7 Lo
FND IRON BAR L4|f_
i \
APN 501—60—006D
| LUKE 303 LLC
DEED 211379908 M.C.R.
| 8I/S
Q « alia
qf | Bye
Oo 2
@ os'= a
a Bal Sis APN 501—60-006C,
NO} D|lio LUKE 303 LLC
>. 2 sl/5 DEED 20211379908 M.C.R.
QN Fo; Sila
a KZ 7
qo
in | RW DEDICATION
io
[o)
z1u
33° RIGHT OF WAY PER
DKT. 509, PAGE 494 M.C.R.
‘us CLAREMONT ST ALIGNMENT
| POB
“ LINE TABLE
% LINE | BEARING DISTANCE
| 0 ’
E _L1 | $89°59'43"E | 33.00
KR
S L2 | $89°50'43"E | 7.00"
a ’ 9. ’
S L3_ | N89°59°43"w| 7.00
( L4 | sgg's0'43"E | 33.00"
\L sour QUARTER CORNER
OF SECTION 7
TITLE: XBO4 HUNTER | PAGE 20F 2
, ENGINEERING CIVIL AND SURVEY
DATE: 1/29/24 10450 N. 74TH ST., SUITE 200
DESC: DEDICATION ScoTTsPAzad 901 3088
° F 480 991 3986
PROJ.NO.CROWOO1—
6 of 6