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Page 3 of 10 EXHIBIT "B" RIGHT OF WAY AGREEMENT Parcel No.: 304-76-194 Project No.: TR221 Project Name: Ocotillo Road Project Termini: 148th Street to Greenfield Road Item No.: D24628 (WJ) 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 Twenty-Nine Thousand Nine Hundred Eighty-Three and No/100 Dollars ($29,983.00) as payment in full for the real property described herein. C. To pay the Grantors the sum of Six Thousand One Hundred and No/100 Dollars ($6,100.00) as payment in full for the improvements located on the property described herein and broken out as follows: 520 Sq. Ft. Rock Ground Cover @ $2.00 per Sf. =$1,040.00 147 LF Vinyl Fence @ $16.00 per LF =$2,352.00 100 Sq. Ft. Block Fence @ $15.00 per Sf. =$1,500.00 604 Sq. Ft. Grass with Irrigation @ $2.00 per Sf. =$1,208.00 Site Improvements Total =$6,100.00 D. To pay the Grantors the sum of Ninety-Eight Thousand Seven Hundred Forty-Two and No/100 Dollars ($98,742.00) as payment in full for reestablishment of depreciated improvements located on the property described herein and broken out as follows: 145 LF Concrete Curb @ $5.00 per LF =$725.00 42 Indian Laurel Column Trees @ $1,500.00 each =$63,000.00 2 Ash Trees @ $1,500.00 each =$3,000.00 8 Citrus Trees @ $1,500.00 each =$12,000.00 2 Relocated Lights @ $350.00 each =$700.00 1,430 Sq. Ft. Grass and Irrigation System @ $2.00 per Sf. =$2,860.00 20% Entrepreneurial Profit =$16,457.00 Total Cost to Reestablish/Cost to Cure =$98,742.00 E. To pay the Grantors the sum of Two Thousand Six Hundred Sixty-Five and No/100 Dollars ($2,665.00) as payment in full for the Temporary Construction Easement on the property described herein. F. To accept the sum of Forty-Nine Thousand Eight Hundred Twenty and 75/100 Dollars ($49,820.75) as payment in full for the negotiated Administrative Settlement. G. 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. H. With respect to the development/redevelopment of the property prior to construction of project TR221, Grantor 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. THE GRANTORS AGREE: 1. To grant a 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 Twenty-Nine Thousand Nine Hundred Eighty-Three and No/100 Dollars ($29,983.00) as payment in full for the real property described herein. 3. To accept the sum of Six Thousand One Hundred and No/100 Dollars ($6,100.00) as payment in full for the improvements located on the property described herein and broken out as follows: 520 Sq. Ft. Rock Ground Cover @ $2.00 per Sf. =$1,040.00 147 LF Vinyl Fence @ $16.00 per LF =$2,352.00 100 Sq. Ft. Block Fence @ $15.00 per Sf. =$1,500.00 604 Sq. Ft. Grass with Irrigation @ $2.00 per Sf. =$1,208.00 Page 4 of 10 Site Improvements Total =$6,100.00 4. To accept the sum of Ninety-Eight Thousand Seven Hundred Forty-Two and No/100 Dollars ($98,742.00) as payment in full for reestablishment of depreciated improvements located on the property described herein and broken out as follows: 145 LF Concrete Curb @ $5.00 per LF =$725.00 42 Indian Laurel Column Trees @ $1,500.00 each =$63,000.00 2 Ash Trees @ $1,500.00 each =$3,000.00 8 Citrus Trees @ $1,500.00 each =$12,000.00 2 Relocated Lights @ $350.00 each =$700.00 1,430 Sq. Ft. Grass and Irrigation System @ $2.00 per Sf. =$2,860.00 20% Entrepreneurial Profit =$16,457.00 Total Cost to Reestablish/Cost to Cure =$98,742.00 5. To accept the sum of Two Thousand Six Hundred Sixty-Five and No/100 Dollars ($2,665.00) as payment in full for the Temporary Construction Easement on the property described herein. 6. To accept the sum of Forty-Nine Thousand Eight Hundred Twenty and 75/100 Dollars ($49,820.75) as payment in full for the negotiated Administrative Settlement. 7. 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 "G” above.