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Maricopa County
Purchase Agreement and Escrow Instructions
Title Company Security Title Agency Date January 22, 2024
Address 4722 N. 24" Street Phone 602-230-6271
City Phoenix, Arizona 85016 Fax 602-926-0452
Escrow Officer Jason Bryant Email jbryant@securitytitle.com
Escrow No. 15210650-015-JB6-SW
Grantor: LM & Sons V LLC, an Arizona limited liability company Phone: | 623-229-6558
Contact Mike Paredes Phone:
Mailing Address: 12054 N. 140% Lane Email Mike.mmpaz@gmail.com
City, State Zip Surprise, Arizona 85379 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
Escrow Fees TBD L1_ 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 14 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
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 14 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
[] Easement(s): Consent to easement(s) by secured party(ies).
Total Other Charges TBD 14
L]_Other Disbursements: _|
Sub Total TBD
Land* $187,945.00 i
Improvements* $34,750.00 10
TCE $2,408.00 12
Administrative Settlement* $68,269.44 11 Right of Way Contract Exhibit YesC] [NoX
Total Purchase Price $293,372.44
Total Escrow & Title Costs TBD 14
Total Compensation (minus any
funds paid outside of escrow) $293,372.44
TOTAL WARRANT** TBD
*Escrow and title policy fees based on this amount only.
**Sum of "Total Closing Costs" and "Total Compensation" only.
Project Name: Northern Parkway 99" Ave-87" Ave Project Number: | TT0372
Assessor Parcel No.: 142-55-001G Item No. D24454
Right of Way Agent: Tangella Diaz Telephone # 602-506-4883
Page I of 8
The GRANTORS and GRANTEE, having executed a conveyance of certain real property rights as described and depicted in the Exhibit(s) A-1, A-2,
and B-1, 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 GRANTORS. Either a
copy of this request or a copy ofa 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.
If any element of 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 also includes; 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.
MARICOPA COUNTY agrees to pay and the GRANTORS accept the payment in full for the property described herein:
¢ Real property in the amount of One Hundred Eighty-Seven Thousand Nine Hundred Forty-Five and No/100 DOLLARS
and No/100 Dollars ($187,945.00) described and depicted in Exhibit A-1 and A-2
¢ Temporary Construction Easement in the amount of Two Thousand Four Hundred Eight and No/100 Dollars ($2,408.00)
described and depicted in Exhibit B-1 and B-2
¢ Improvements located on the property in the amount of Thirty-Four Thousand Seven Hundred Fifty and No/100 Dollars ($34,750.00)
and broken out as follows in Exhibit C.
« Administrative Settlement in the amount of Sixty-Eight Thousand Two Hundred Sixty-Nine and 44/100 Dollars ($68,269.44)
If in the opinion of the Transportation Director it becomes necessary, MARICOPA COUNTY, or its agents, is hereby granted to enter upon the
remaining property for the purpose of private structure relocation in kind to the GRANTORS’ property, clear of the property described herein, and at
no expense to the GRANTORS except as may be herein otherwise agreed.
With respect to the development/redevelopment of the property prior to construction of project TT0372, GRANTORS will be responsible only for the
costs of improvements required by the County or a municipality as part of a regulatory approval related to development/redevelopment of the property.
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.
This Agreement is subject to cancelation pursuant to A.R.S. § 38-511.
Page 2 of 8
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.
By: 1M a Sens Holdings Comorton ee wanderer "| | RECOMMENDED FOR APPROVAL: ACCEPTED AND APPROVED:
DocuSigned by:
li MARICOPA COUNTY DEPARTMENT MARICOPA COUNTY BOARD OF
na. [opr 2718/2024 OF TRANSPORTATION SUPERVISORS
wo eee zee AF OSAT. canager Date
/-— DocuSigned by:
|
lagnt ‘oF Way Supervisor Chairman of the Board
27177 2024 ATTEST:
Date
Approved as to form within the
powers and authority of the Board of
Clerk of the Board of Supervisors
Supervisors
Ce rk by:
Ways 272072024
— 94 me Pode
vepury Coun Avoumey Date
Date
Page 3 of 8
EXHIBIT "C"
Parcel-No. 142-56-001G
Item No. D24454 (TD)
Site Improvements Within fee area:
Concrete Canal Cover (100 S.F. @ $15/S.F.)
Concrete Lined Irrigation Canal (500 S.F. @ $22/S.F.)
Mature Trees (2 trees @ $11,000/tree)
Tree/Shrub Delivery Fee
TOTAL REPLACEMENT COST ESTIMATE =
Page 4 of 8
$1,500.00
$11,000.00
$22,000.00
$250.00
$34,750.00
Wood, Patel & Associates, Inc. Revised March 10, 2023
602.335.8500 January 25, 2023
www.woodpatel.com : WP# 215248.80
Page 1 of 2
See Exhibit “A-1”
LEGAL DESCRIPTION
Northern Avenue
Portion of APN 142-56-001G
D24454
Public Right-of-Way
A portion of that certain parcel of land described in Document 2020-0108369, Maricopa County
Records (MCR), lying within Section 4, Township 2 North, Range 1 East, of the Gila and Salt
River Meridian, Maricopa County, Arizona, more particularly described as follows:
COMMENCING at the north quarter corner of said Section 4, a 3-inch Maricopa County
Department of Transportation brass cap in handhole, from which the northeast corner of said
section, a 3-inch Maricopa County Department of Transportation brass cap in handhole, bears
North 88°40'27" East (basis of bearing), a distance of 2661.77 feet;
THENCE along the north line of said section, North 88°40'27" East, a distance of 358.87 feet;
THENCE leaving said north line, South 01°19'33" East, a distance of 49.91 feet, to the
northwest corner of said certain parcel of land and the POINT OF BEGINNING;
THENCE along the north line of said certain parcel of land, North 88°40'25" East, a distance of
100.04 feet, to the northeast corner of said certain parcel of land;
THENCE leaving said north line, along the east line of said certain parcel of land, South
00°17'03" West, a distance of 72.07 feet;
THENCE leaving said east tine, North 89°15'04" West, a distance of 100.00 feet, to the west line
of said certain parcel of land;
THENCE along said west line, North 00°17'03" East, a distance of 68.44 feet, to the POINT OF
BEGINNING.
Containing 7,026 square feet or 0.1613 acres, more or less.
Subject to existing right-of-ways and easements.
This parcel description was prepared without the benefit of survey fieldwork and is based on:
client provided information. Any monumentation noted in this parcel description is based on said
information.
Y:\WP'\Parcel Descriptions\2021\215248.80 Northem Ave Portion of APN 142-56-001G D24454 Public ROW L17R01 03-10-23.dacx
Page 5 of 8
EXPIRES 12-31-23
r— NORTH 1/4 CORNER SECTION 4, T2N, RIE
3" MARICOPA COUNTY DEPARTMENT OF
NORTHEAST CORNER
SECTION 4, T2N, R1E
NORTHWEST CORNER TRANSPORTATION BRASS CAP IN HANDHOLE 3" MARICOPA COUNTY
SECTION 4, T2N, RIE POC DEPARTMENT OF
3" BRASS CAP IN TRANSPORTATION
HANDHOLE NORTHERN AVENUE BRASS CAP IN HANDHOLE
24997" " OF BEARING) {
°40'34"W 2661.83" N@8°40'27"E 2661.77’ (BASIS ARING) .
$8810" : Te 7358.87" [E-—$01°19'33"E 49.91"
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9, hess = 3% APN 142-56-018K
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LINE TABLE LINE TABLE ZR
XAoct
LINE BEARING DISTANCE LINE BEARING DISTANCE Ss
L1 | N88°40'25"E | 100.04' L3 | N@g°45'°04"'wW | 100.00"
L2 | soo-1703'w | 72.07" L4 | NoO0°17'03"E | 68.44"
EXHIBIT “a.2"
NORTHERN AVENUE
PORTION OF APN 142-56-001G
PUBLIC RIGHT-OF-WAY
REVISED 3/10/2023
WP# 215248.80
PAGE 2 OF 2
NOT TO SCALE
EXPIRES 12-31-23
Z:\2021\215248\Survey\Legal\5248-L17R01.dwg
Wood, Patel & Associates, Inc. Revised March 10, 2023
602.335.8500 January 25, 2023
www.woodpatel.com WP# 215248.80
Page 1 of 2
See Exhibit “B-1”
LEGAL DESCRIPTION
Northern Avenue
Portion of APN 142-56-001G
D24454
Temporary Construction Easement
A portion of that certain parcel of land described in Document 2020-0108369, Maricopa County
Records (MCR), lying within Section 4, Township 2 North, Range 1 East, of the Gila and Salt
River Meridian, Maricopa County, Arizona, more particularly described as follows:
COMMENCING at the north quarter corner of said Section 4, a 3-inch Maricopa County
Department of Transportation brass cap in handhole, from which the northeast corner of said
section, a 3-inch Maricopa County Department of Transportation brass cap in handhole, bears
North 88°40'27" East (basis of bearing), a distance of 2661.77 feet;
THENCE along the north line of said section, North 88°40'27" East, a distance of 356.94 feet;
THENCE leaving said north line, South 01°19'33" East, a distance of 118.32 feet, to the west
line of said certain parcel of land and the POINT OF BEGINNING;
THENCE leaving said west line, South 89°15'04" East, a distance of 100.00 feet, to the east line
of said certain parcel of land;
THENCE along said east line, South 00°17'03" West, a distance of 5.00 feet;
THENCE leaving said east line, North 89°15'04" West, a distance of 100.00 feet, to said west
line;
THENCE along said west line, North 00°17'03" East, a distance of 5.00 feet, to the POINT OF
BEGINNING.
Containing 500 square feet or 0.0115 acres, more or less.
Subject to existing right-of-ways and easements.
This parcel description was prepared without the benefit of survey fieldwork and is based on
client provided information. Any monumentation noted in this parcel description is based on said
information.
Y:\WP\Parcel Descriptions\2021\215248.80 Northern Ave Portion of APN 142-56-001G D24454 TCE L18R01 03-10-23.docx
GABRIEL S.
RIOS
Page 7 of 8
EXPIRES 12-31-23
-— NORTH 1/4 CORNER SECTION 4, T2N, R1E NORTHEAST CORNER
840 9 e6eY
3" MARICOPA COUNTY DEPARTMENT OF SECTION 4, T2N, RIE
NORTHWEST CORNER TRANSPORTATION BRASS CAP IN HANDHOLE 3" MARICOPA COUNTY
SECTION 4, T2N, RIE PoC DEPARTMENT OF
3" BRASS CAP IN TRANSPORTATION
HANDHOLE NORTHERN AVENUE BRASS CAP IN HANDHOLE
$88°40'34"W 2661.83" N88°40:27"E 2661.77' (BASIS OF BEARING) 4 _ f
1 , , . ay @ 356.94" | o4giqan 1
B\x --—§01°19'33"E 118,32
Bo oo
J — wa Q
POB ut =|3
HAPPY VALLEY Il LLC L4 L2
DOC 2021-0996866, MCR ws UNITED STATES OF AMERICA TR
APN 142-56-001D of FBO TOHONO O'ODHAM NATION
352 DOC 2014-0442974, MCR
>3s APN 142-56-018K
nee
22a
3 32
LINE TABLE LINE TABLE SRE
Ao
LINE | BEARING | DISTANCE | | LINE | BEARING | DISTANCE a
L1 | $89°15'04"E | 100.00" L3 | Nege45'o4"w | 100.00"
L2 | s00°17'03"W 5.00" L4 | NO0°17'03"E 5.00°
EXHIBIT "p-2'
WOOD NORTHERN AVENUE
PATEL PORTION OF APN 142-56-001G
TEMPORARY CONSTRUCTION EASEMENT
REVISED 3/10/2023
WP# 215248.80
PAGE 2 OF 2
NOT TO SCALE
EXPIRES 12-31-23 ZN2021\215248\Survey\Legal\5248-L18R01.dwg