Res 2616 Exhibit - Maricopa County 101-11-989 Purchase Agreement and Escrow Instructions
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PURCHASE AGREEMENT AND ESCROW INSTRUCTIONS
Page 1 of 7
Title Company
N/A (In House Recording)
Date
July XX, 2025
Address
Phone
City
,
Fax
Escrow Officer
N/A
Email
Escrow No.
N/A
Grantor:
Maricopa County, a political subdivision of the State of Arizona
Phone:
Contact
Jesse Gutierrez
Phone:
602-506-4700
Mailing Address:
2901 West Durango Street
Email
Jesse.Gutierrez@maricopa.gov
City, State Zip
Phoenix, AZ 85009
Fax:
Grantee:
CITY OF TOLLESON, an Arizona municipal corporation
Mailing Address:
Chris Hamilton, 9055 W. Van Buren St. Tolleson, AZ 85353
City of Tolleson, an Arizona municipal corporation shall pay
directly to the Grantor the purchase price plus all lawful costs
incidental to closing as follows:
Sub-
Object
Code
Charges and Disbursements to be paid to Grantor as follows (check all
that apply):
Escrow Fees
Total Acquisition of Grantor’s Property:
Title Policy Fees
Title Report
$0.00
Title Report Credit
Total Escrow & Title Fees
N/A
Recording Fees:
$0.00
Release & Reconveyance
Release of Lease
Partial Acquisition of Grantor’s Property:
Total Recording Fees
$0.00
Other Charges:
Appraisal Report Services
$0.00
(P.O.C.)
Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges
$0.00
Other Disbursements:
Sub Total
$0.00
Land*
$3,403,539.00
11
Easements*
11
Possession date:
Less Sales Deposit Received
$0.00
10
Close of escrow:
10
Date of recording:
12
Special Conditions Right of Way Contract
Yes
No
Total Compensation
$3,403,539.00
Total Escrow & Title Costs
N/A
14
Entry Agreement
Yes
No
Total Purchase Price
$3,403,539.00
Addendum attached hereto and made a
Yes
No
TOTAL **
$3,403,539.00
part hereof
*Escrow and title policy fees based on this amount only.
**Sum of "Total Closing Costs" and "Total Purchase Price" only.
*** P.O.C Paid outside of closing
Project:
MC85 at 83rd Avenue and Center Turn Lane Expansion
PCN:
TT0345
Assessor Parcel No.:
101-11-989
Item No
D22664
Agent:
John Gaffney
Telephone #
602-506-8304
Page 2 of 7
Project: MC85 at 83rd Avenue and Center
Turn Lane Expansion
Project No.: TT0345
APN: 101-11-989
MCDOT Item No.: D22664
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, Agent is directed to deliver said
conveyance to THE CITY OF TOLLESON, an Arizona municipal corporation, title to said property to
be transferred upon execution of the Special Warranty Deed by the BOARD OF SUPERVISORS OF
MARICOPA COUNTY and its recordation with the Maricopa County Recorder’s office.
The CITY OF TOLLESON provided, at their own cost, an appraisal report created by Sun Point
Appraisals with a final opinion of market value of $3,403,539.00. The purchase price and the balance
thereof shall be paid in accordance with the terms herein.
The CITY OF TOLLESON has waived escrow and title insurance. Upon such waiver, the references
to Title Company, Escrow Agent and title insurance herein are not applicable.
No element of this transaction will be handled through a title company. The deed will not be recorded
by MARICOPA COUNTY until receipt of payment from the GRANTEE to the GRANTOR for the
total purchase price referenced herein.
It is understood and agreed the consideration expressed herein is accepted by the GRANTOR as full
and complete compensation for the interest being acquired.
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.
THE REMAINDER OF THIS PAGE INTENTIONALLY LEFT BLANK
Page 3 of 7
Project: MC85 at 83rd Avenue and Center
Turn Lane Expansion
Project No.: TT0345
APN: 101-11-989
MCDOT Item No.: D22664
GRANTEE ACCEPTANCE AND APPROVAL:
CITY OF TOLLESON, an Arizona municipal corporation
Reyes Medrano, City Manager
Date
ATTEST:
Crystal Zamora, City Clerk
APPROVED AS TO FORM:
Justin Pierce, City Attorney
STATE OF ARIZONA
)
)ss.
COUNTY OF MARICOPA )
Before me,
, Notary Public in and for said County, State of Arizona, on
this day personally appeared Reyes Medrano, City Manager of the CITY OF TOLLESON, known to
me to be the person whose name is subscribed to the forgoing instrument.
Given under my hand and seal of the office this
day of
20
.
Notary Public (signature)
Page 4 of 7
Project: MC85 at 83rd Avenue and Center
Turn Lane Expansion
Project No.: TT0345
APN: 101-11-989
MCDOT Item No.: D22664
RECOMMENDED FOR APPROVAL:
MARICOPA COUNTY
DEPARTMENT OF TRANSPORTATION
Jesse Gutierrez, Director
Date
MARICOPA COUNTY
REAL ESTATE DEPARTMENT
Alex Smith, Director
Date
APPROVED AS TO FORM and within the powers and authority granted under the laws of the State
of Arizona and Maricopa County
Max Carpinelli
Date
Deputy County Attorney
Page 5 of 7
Project: MC85 at 83rd Avenue and Center
Turn Lane Expansion
Project No.: TT0345
APN: 101-11-989
MCDOT Item No.: D22664
APPROVED
GRANTOR: MARICOPA COUNTY
Chairman of the Board
Date
ATTEST
Clerk of the Board
Date
STATE OF ARIZONA
)
)ss
COUNTY OF MARICOPA )
Before me,
, Notary Public in and for said County, State of
Arizona, on this day personally appeared
, known to me to be
the person whose name is subscribed to the forgoing instrument as Chairman of the Board of
Supervisors for Maricopa County.
Given under my hand and seal of the office this
day of
, 20
.
Notary Public (signature)
Page 6 of 7
Project: MC85 at 83rd Avenue and Center
Turn Lane Expansion
Project No.: TT0345
APN: 101-11-989
MCDOT Item No.: D22664
EXHIBIT “A”
Parcel No. 101-11-989
Project No. TT0345
MC85 at 83rd Avenue and Center Turn Lane Expansion
Item No. D22664
LEGAL DESCRIPTION
A portion of the property described in Document 1999-0674068, Maricopa County Recorder’s Office,
being a portion of the Southeast quarter of Section 10, Township 1 North, Range 1 East, Gila and Salt
River Meridian, Maricopa County. Arizona, being more particularly described as follows:
COMMENCING at the Southeast corner of said Southeast quarter of Section 10, from which the South
quarter corner of said Section bears South 84°51'30" West a distance of 2615.04 feet and from which
the East quarter corner of said Section bears North 00°01 '29" East a distance of 2668.61 feet; thence
along the South line of the said Southeast quarter, South 84°51 '30" West a distance of 1030.61 feet;
thence leaving said South line, North 05°07'3l" West a distance of 65.00 feet to the Southeast corner of
"86th Avenue Industrial Park'' as shown in the plat recorded in Book 959 Page 39, MCR, being also the
North line of the South 65.00 feet of said Southeast quarter and the POINT OF BEGINNING; thence
continuing, North 05°07'31" West a distance of 496.08 feet; thence North 87°48'51" East a distance of
544.20 feet to the Northwest corner of the property conveyed to "Quick Trip Corporation" in document
2016-0326570; thence along the East line of said property, South 00°01'29" West a distance of 469.92
feet to a point on the North line of the South 65.00 feet of said Southeast quarter; thence along last said
North line, South 84°51'30" West a distance of 501.30 feet to the POINT OF BEGINNING.
The above described parcel contains 252,114 square feet or 5.7877 acres, more or less.
Page 7 of 7
Project: MC85 at 83rd Avenue and Center
Turn Lane Expansion
Project No.: TT0345
APN: 101-11-989
MCDOT Item No.: D22664
EXHIBIT “A” CONTINUED