Special Warranty Deed

City of Chandler — Regular Meeting (2023-02-14)

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When recorded, return to: 
Greenberg Traurig, LLP 
 
Attn: Zachary D. Sakas, Esq.  
2375 East Camelback Road  
Suite 800 
 
 
 
Phoenix, Arizona 85016 
 
 
 
 
Exempt from Affidavit of Property Value under A.R.S. §11-1134.B.1. 
 
SPECIAL WARRANTY DEED 
WHEREAS, in order to finance the acquisition of various civic and municipal 
improvements, the City of Chandler, Arizona (the “City” or “Grantee”), a municipal corporation, 
as buyer, and City of Chandler Municipal Property Corporation (the “Chandler MPC” or 
“Grantor”), an Arizona nonprofit corporation, as seller, entered into the Agreement, dated as of 
January 14, 1969 (the “Original Agreement”), as thereafter supplemented and amended by the 
1983 Supplemental Agreement, dated as of November 1, 1983, the 1985 Supplemental Agreement, 
dated as of March 1, 1985, the 1985 Second Supplemental Agreement, dated as of December 1, 
1985, the 1986 Supplemental Agreement, dated as of June 1, 1986, the Satisfaction of 1985 Second 
Supplemental Agreement, dated June 24, 1986, the First Amendment to 1983 Supplemental 
Agreement, dated as of December 24, 1986, the First Amendment to 1985 Supplemental 
Agreement, dated as of December 24, 1986, the 1987 Supplemental Agreement, dated as of May 
1, 1987, and the 1987 Second Supplemental Agreement, dated as of November 1, 1987 
(collectively, the “Supplemental Agreements” and the Original Agreement, as so supplemented 
and amended by the Supplemental Agreements, is collectively referred to herein as the 
“Agreement”); and 
WHEREAS, the Chandler MPC pledged the payments due from the City pursuant to the 
Agreement in order to repay various series of bonds issued by the Chandler MPC in accordance 
with the Indenture, dated as of January 14, 1969 (the “Original Indenture”), between the Chandler 
MPC and The Valley National Bank of Arizona (the “Trustee”), as trustee, as thereafter 
supplemented and amended by the 1983 Supplemental Indenture, dated as of November 1, 1983, 
the 1985 Supplemental Indenture, dated as of March 1, 1985, the 1985 Second Supplemental 
Indenture, dated as of December 1, 1985, the 1986 Supplemental Indenture, dated as of June 1, 
1986, the Satisfaction of 1985 Second Supplemental Indenture, dated June 24, 1986, the First 
Amendment to 1983 Supplemental Indenture, dated as of December 24, 1986, the First 
Amendment to 1985 Supplemental Indenture, dated as of December 24, 1986, the Release, dated 
December 24, 1986, the 1987 Supplemental Indenture, dated as of May 1, 1987, and the 1987 
Second Supplemental Indenture, dated as of November 1, 1987 (the Original Indenture, as so 
supplemented and amended, is collectively referred to herein as the “Indenture”); and 
WHEREAS, the Indenture and the Agreement were secured, in part, by an interest in real 
property located in Maricopa County, Arizona and legally described on Exhibit A attached hereto 
and all improvements thereon (the “Property”); and

WHEREAS, the City made timely payments when due to the Chandler MPC in accordance 
with the Agreement, and deposited sufficient funds with the Trustee for the final payment due 
under the Agreement on or around August 12, 1992, and the final payment on the Chandler MPC 
bonds secured by the Indenture was made by the Trustee from such funds deposited by the 
Chandler MPC on or around July 1, 1993; and 
WHEREAS, pursuant to Section 2.03 of the Original Agreement and Section 2.04 of the 
respective Supplemental Agreements, the Chandler MPC prepared, executed and deposited with 
the Trustee, as escrow agent, a special warranty deed transferring the Property to the City; and 
WHEREAS, upon completion of the payment of all payments due under the Agreement, 
the Trustee was instructed to deliver the special warranty deed held in escrow to the City, whereby, 
pursuant to the Agreement, the City is vested with the full legal title to the Property, free and clear 
of the lien and encumbrance of the Indenture and the Agreement; and 
WHEREAS, the Trustee, which no longer exists as a corporate entity, may have failed to 
properly deliver the special warranty deed to the Property; and 
WHEREAS, in order to clarify that the Agreement and the Indenture were fully paid and 
satisfied approximately 30 years ago and are no longer a lien or encumbrance on the Property, the 
Chandler MPC now desires to execute and record this Special Warranty Deed; and 
WHEREAS, in accordance with the terms of the Agreement and the Indenture, the 
Chandler MPC now desires that the execution and recording of this Special Warranty Deed 
memorializes the termination of the documents listed in Exhibit B attached hereto, and that such 
documents are no longer of any force or effect and do not create any lien or encumbrance on the 
Property. 
NOW THEREFORE, for Ten Dollars ($10.00) and other good and valuable consideration, 
the receipt and sufficiency of which are hereby acknowledged, Grantor, hereby grants, sells and 
conveys to Grantee, the Property together with Grantor’s right, title and interest, if any, in and to 
all easements, hereditaments, appurtenances, development rights, and other benefits, if any, 
pertaining to or affecting the Property. 
SUBJECT TO: current taxes not yet due and payable, assessments and any other liens 
arising therefrom, all reservations in patents, deed restrictions, if any, all easements, rights of way, 
covenants, conditions, restrictions, encroachments, liens, encumbrances, obligations and liabilities 
as may appear of record, and all matters that would be disclosed by an accurate survey or physical 
inspection of the Property. 
Notwithstanding any warranty which may otherwise be implied from the use of any word, 
phrase or clause herein, Grantor warrants title to the Property, subject to all matters referred to 
above, only against its own acts, and not the acts of any others.

DATED as of this ___ day of __________, 2023. 
 
 
 
 
 
 
 
By:   
 
 
 
 
 
Name:  
 
 
 
 
Title:  
 
 
 
 
 
STATE OF ARIZONA 
) 
County of Maricopa   
) 
 
The foregoing instrument was acknowledged before me on _____________, 2023 by 
_____________________, the ____________________ of ___________________________, on 
behalf of said _______________.   
 
 
 
 
 
 
 
 
My commission expires: 
 
 
 
Notary Public

A-1 
 
Exhibit A  
 
Legal Description of Property 
 
Lots 89 through 100, inclusive and Lots 412 through 417, inclusive, Original Townsite of 
Chandler, Arizona, according to plat of record in the office of the County Recorder of Maricopa 
County, Arizona, in Book 5 of Maps, page 34. 
 
Lots 68 through 76, inclusive, lots 78 through 88, inclusive, lots 114 and 115, lots 128 through 
134, inclusive, lots 137 through 139, inclusive, the east one-half of lot 277, lots 278 through 281, 
inclusive, lots 430 through 444, inclusive, the north 70 feet of lot 445, the south 50 feet of lot 445, 
lots 450 through 461, inclusive, and lots 446 through 449, inclusive, Original Townsite of 
Chandler, Arizona, according to plat of record in the office of the County Recorder of Maricopa 
County, Arizona, in Book 5 of Maps, page 34. 
 
Lots 87 and 88, lots 105 through 115, inclusive, lots 128 through 134, inclusive, lots 138 and 139, 
the east one-half of Lot 427, lots 428 through 432, inclusive, lots 434 and 435, lot 440, lot 442 
through 444, inclusive, the north 70 feet of lot of 445, lot 446, lots 449 through 460, inclusive, 
Original Townsite of Chandler, Arizona, according to plat of record in the office of the County 
Recorder of Maricopa County, Arizona, in Book 5 of Maps, page 34. 
 
Those parts of Lots 426 through 432, as shown on the TOWNSITE OF CHANDLER, as recorded in 
Book 5 of Maps at Page 34, Maricopa County Records, more particularly described as follows: 
 
BEGINNING at the Southwest corner of Lot 50, as shown on said TOWNSITE OF 
CHANDLER, said Southwest corner of Lot 50 also being the intersection of the East 
right of way line of Arizona Place and North right of way line of Boston Street, with 
the center-line of Arizona Place being North as a basis of bearing; thence North 89o 
06′ 15″ East along the North right of way line of Boston Street, a distance of 150.65 
feet to the TRUE POINT OF BEGINNING; thence North 89o 06′ 15″ East continuing 
along said right of way line, a distance of 302.00 feet; thence North 00o 53′ 45″ West, 
a distance of 123.50 feet; thence South 89o 06′ 15″ West, a distance of 302.00 feet; 
thence South 00o 53′ 45″ East, a distance of 123.50 feet to the TRUE POINT OF 
BEGINNING on said North right of way line of Boston Street. 
 
The above described parcel contains 37,297.00 S.F. (0.85622 acres). 
 
Parcel No. 1 
 
That part of the Townsite of Chandler, as recorded in Book 5 of Maps, Page 34, records of 
Maricopa County, Arizona, being more particularly described as follows: 
 
Commencing at the southeast corner of Lot 173 of said Townsite of Chandler; then North 00 o 00′ 
57″ East along the easterly lines of Lots 173, 175 and 177 of said Townsite of Chandler a distance 
of 125.00 feet to the Point of the Beginning:

A-2 
 
Thence North 89o 59′ 03″ West a distance of 248.00 feet; 
Thence North 00 o 00′ 57″ East a distance of 226.00 feet; 
Thence North 55 o 00′ 57″ East a distance of 180.00 feet; 
Thence North 25 o 00′ 57″ East a distance of 54.16 feet to a point on non-tangent curve from which 
the radius bears South 21 o 01′ 05″ West a distance of 266.00 feet; 
Thence Southeasterly along said curve, through a central angle of 06 o 29′ 52″, a distance of 30.17 
feet to a point of non-tangency; 
Then North 27 o 30′ 57″ East a distance of 138.00 feet to a point on a non-tangent curve form which 
the radius bears South 27 o 30′ 57″ West a distance of 404.00 feet; 
Thence Southeasterly along said curve, through a central angel of 18 o 54′ 23″, a distance of 133.31 
feet to a point of non-tangency; 
Then South 89 o 58′ 42″ East a distance of 50.40 feet to a point on the East line of Lot 190 of said 
Townsite of Chandler; 
Thence South 00 o 01′ 18″ West along said east line a distance of 11.00 feet to a point lying 14.00 
feet northerly of the southeast corner of said Lot 190 as measured along said east line; 
Then South 38 o 18′ 35″ West a distance of 17.75 feet to a point on the south line of said Lot 190 
lying 11.00 feet westerly of the southeast corner of said Lot 190 as measured along said 
south line; 
Then North 89 o 38′ 08″ West along said south line a distance of 119.98 feet to a point lying 269.00 
feet easterly of the southeast corner of Lot 740 of said Townsite of Chandler as measured 
along the north line of Detriot Street as shown on said Townsite of Chandler; 
Thence South 00 o 00′ 40″ West a distance of 70.00 feet to a point on the north line of Lot 188 of 
said Townsite of Chandler lying 269.00 feet easterly of the northeast corner of Lot 668 of 
said Townsite of Chandler as measured along the south line of said Detriot Street; 
Thence North 89 o 38′ 08″ West along said south line a distance of 39.02 feet to the northeast 
corner of Lot 189 of said Townsite of Chandler; 
Then South 00 o 00′ 57″ West along the easterly lines of Lots 189, 187, 185, 183,181, 179, and 177 
of said Townsite of Chandler a distance of 314.60 feet to the Point of Beginning. 
 
 
Containing 92,487 S.F. or 2.12322 Acres 
 
Parcel No. 2 
 
 
Lots 172, 174, 176, 178, 180, 183, 184, 186 and 188, CHANDLER TOWNSITE.

B-1 
EXHIBIT B 
 
1. 
Agreement made and entered into as of the 14th day of January, 1969, by and between 
City of Chandler Municipal Property Corporation, a non-profit Arizona corporation and 
the City of Chandler, a municipal corporation recorded on January 27, 1969 at Docket 
7449, page 191 and re-recorded on March 18, 1969 at Docket 7524, page 375. 
 
2. 
1983 Supplemental Agreement, made and entered into as of 1st day of November, 1983, 
by and between by City of Chandler Municipal Property Corporation, an Arizona non-
profit corporation and the City of Chandler, Arizona, a municipal corporation recorded on 
November 29, 1983 at 83-478080. 
 
3. 
1983 Supplemental Indenture made and entered into as of the 1st day of November, 1983 
by and between the City of Chandler Municipal Property Corporation, an Arizona non-
profit corporation and The Valley National Bank of Arizona, a national banking 
association recorded on November 29, 1983 at 83-478081. 
 
4. 
First Amendment to 1983 Supplemental Agreement, dated as of December 24, 1986 
between City of Chandler Municipal Property Corporation and City of Chandler, Arizona 
recorded on December 24, 1986 at 86-714650. 
 
5. 
First Amendment to 1983 Supplemental Indenture, dated as of December 24, 1986 
between City of Chandler Municipal Property Corporation and The Valley National Bank 
of Arizona recorded on December 24, 1986 at 86-714651. 
 
6. 
1985 Supplemental Agreement, made and entered into as of the 1st day of March, 1985, 
by and between City of Chandler Municipal Property Corporation, an Arizona nonprofit 
corporation and the City of Chandler, Arizona, a municipal corporation recorded on 
March 28, 1985 at 85-136788. 
 
7. 
1985 Supplemental Indenture made and entered into as of the 1st day of March, 1985, by 
and between City of Chandler Municipal Property Corporation, an Arizona nonprofit 
corporation and The Valley National Bank of Arizona, a national banking association 
recorded on March 28, 1985 at 85-136789. 
 
8. 
First Amendment to 1985 Supplemental Agreement, dated as of December 24, 1986, 
between City of Chandler Municipal Property Corporation and City of Chandler, Arizona 
recorded on December 24, 1986 at 86-714652. 
 
9. 
First Amendment to 1985 Supplemental Indenture, dated as of December 24, 1986, 
between City of Chandler Municipal Property Corporation and The Valley National Bank 
of Arizona recorded on December 24, 1986 at 86-714653.

B-2 
10. 
1985 Second Supplemental Agreement, made and entered into as of the 1st day of 
December, 1985, by and between City of Chandler Municipal Property Corporation, an 
Arizona nonprofit corporation, and the City of Chandler, Arizona, a municipal 
corporation recorded on December 31, 1985 at 85-620070. 
 
11. 
1985 Second Supplemental Indenture made and entered into as of the 1st day of 
December, 1985, by and between City of Chandler Municipal Property Corporation, an 
Arizona nonprofit corporation, and The Valley National Bank of Arizona, a national 
banking association recorded on December 31, 1985 at 85-620071. 
 
12. 
1986 Supplemental Agreement, made and entered into as of June 1, 1986, by and 
between City of Chandler Municipal Property Corporation, an Arizona nonprofit 
corporation, and the City of Chandler, Arizona, a municipal corporation recorded on June 
25, 1986 at 86-321304. 
 
13. 
1986 Supplemental Indenture made and entered into as of June 1, 1986, by and between 
City of Chandler Municipal Property Corporation, an Arizona nonprofit corporation, and 
The Valley National Bank of Arizona, a national banking association recorded on June 
25, 1986 at 86-321305. 
 
14. 
1987 Supplemental Agreement, made and entered into as of the 1st day of May, 1987, by 
and between City of Chandler Municipal Property Corporation, an Arizona nonprofit 
corporation, and the City of Chandler, Arizona, a municipal corporation recorded on May 
19, 1987 at 87-315178. 
 
15. 
1987 Supplemental Indenture made and entered into as of the first day of May, 1987, by 
and between City of Chandler Municipal Property Corporation, an Arizona nonprofit 
corporation, and The Valley National Bank of Arizona, a national banking association 
recorded on May 19, 1987 at 87-315179. 
 
16. 
1987 Second Supplemental Agreement, made and entered into as of November 1, 1987, 
by and between City of Chandler Municipal Property Corporation, an Arizona nonprofit 
corporation, and the City of Chandler, Arizona, a municipal corporation recorded on 
November  17, 1987 at 87-696288. 
 
17. 
1987 Second Supplemental Indenture made and entered into as of November 1, 1987, by 
and between City of Chandler Municipal Property Corporation, an Arizona nonprofit 
corporation, and The Valley National Bank of Arizona, a national banking association 
recorded on November  17, 1987 at 87-696289.