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HomeMy WebLinkAboutProperty #: P17-028 - 9/12/2017 THE CITY OF GLENDALE C17- 1070 PURCHASE AGREEMENT P17-028 Title Company Security Title Agency Date Address 3636 N. Central Ave., Ste. 140 (to be completed by Title Company, if applicable) City Phoenix Arizona Zip Code 85012 Escrow Officer Jason Bryant Phone 602-230-6271 Escrow No. 15160206-015 Fax No. 60?-230-6256 Grantor ZZK, In., an Arizona corporation Address 5905 W. Olive Avenue, Glendale, AZ 85302 Phone/Fax/Mobile 623-842-4094 Grantee: The City of Glendale,by and through its Transportation Department("City") Mailing Address: The City of Glendale,Transportation Department 6210 W. Myrtle Avenue,Glendale,Arizona 85301 The CITY shall pay directly to the Grantor, or deposit with the Title Charges and disbursements to be paid from Grantor's funds as Company ("Escrow Agent") if escrowed, the purchase price plus all follows(check all that apply): lawful costs incidental to closing as follows: 0 Total Acquisition of Grantor's Property: Full release of all Escrow Fees monetary liens and encumbrances,and leases of any kind. Pay in full Title Policy Fees all due and delinquent real property taxes and general and special TOTAL ESCROW&TITLE FEES $0.00 improvement assessments. Grantor will be charged for any costs necessary to make the property compliant with the Covenants, Recording Fees Conditions and Restrictions. Prorate the current year's real property Deed taxes on closings that occur on or after the 3rd Monday of August each Easement year. Escrow Agent shall withhold the prorated amounts from each Release party and pay the lien of the current year's taxes in full. TOTAL RECORDING FEES $0.00 ® Partial Acquisition of Grantor's Property: Partial release of all monetary liens and encumbrances, and leases of any kind. At the discretion of City, pay due and delinquent property taxes and general Other Charges and special improvement assessments, including full payment of Release Fees taxes and assessments on individual assessor parcels within City's SRVWUA Fee _ partial acquisition, and any Certificate(s) of Purchase. The current Prorated Taxes/Dates year's taxes shall not be prorated regardless of the closing date. • TOTAL OTHER CHARGES $0.00 0 Easement(s): Consent to easement(s) by secured party(ies). Subtotal Fees $0.00 ❑ Other Disbursements: Title Report Credit 0 Security Deposits and Prepaid Rents, if Applicable: Grantor Total porCosts $0.00 agrees to return all security deposits and prepaid rents directly to Land& Improvements* $16,000.00 lessee(s)outside of escrow. Temporary Construction Easement $5,378.00 Possession Date: Close of escrow/date of recording. Administrative Settlement $4,787.42 SRP Utility $6,000.00 Special Conditions Right of Way Contract Yes 0 No 0 Entry Agreement***Yes 0 No 0 *** If yes, City shall pay statutory interest on the "Total Purchase Price" from _ to the close of escrow/date of recording directly to Total Purchase Price $32,165.42 Grantor by separate warrant. TOTAL WARRANT** $0.00 ❑Special Instructions/Information: *Escrow and title policy fees based on this amount only. **Sum of"Total Closing Costs"and"Total Purchase Price"only. THE GRANTOR, having executed a conveyance of certain real property rights to the GRANTEE in a certain conveyance datedcliiii i described in Exhibit "A" attached hereto and made a part hereof, and having delivered same to the above Title Company as Escrow Agent, said agent is directed to deliver said conveyance to the CITY OF GLENDALE;title to said property to pass upon the acceptance of delivery and possession by the CITY OF GLENDALE. PROJECT Olive&59th Ave. Intersection Capacity Improvement PROJECT NO 15T0-265 PARCEL 143-13-002T The Escrow Agent shall first apply the purchase price on deposit to satisfy such taxes, mortgage claims, leasehold interests,special assessments,fines,fees or charges to be paid to the homeowners association and other encumbrances as may be authorized for payment, and the balance thereof shall be paid in accordance with the terms hereof. If the subject property is encumbered with Covenants, Conditions and Restrictions, the Escrow Agent shall send a Notice of Pending Sale pursuant to A.R.S.33-1806. The Escrow Agent is to withhold$ as a security and/or site-clearance deposit pending satisfactory delivery of the subject property to the City by the Grantor. Grantor agrees the City may apply the security deposit to payment of any unpaid rents due the City from the Grantor, or to payment for any loss or damage sustained by the City caused by the Grantor after the date of this agreement. The City will make written authorization to the Escrow Agent for disbursement of the security deposit in accordance with this agreement,after acceptance of delivery and possession of the subject property. The Grantor is to notify the City of Glendale,of the date Grantor intends to vacate the subject property. 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 City of Glendale will be furnished a copy of the Grantor's 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 the"City of Glendale." The Escrow Agent is to request the Grantor acknowledge receipt of the amount shown on the closing statement as due Grantor. Either a copy of this request or a copy of a signed receipt is to be retained in the escrow file. The City will pay the costs of any escrow services and/or title insurance desired by it, but 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 this transaction is not handled through a title company,the conveyance will be delivered direct to the City of Glendale and payment will be made direct from the Grantee to the Grantor after approval and acceptance by the City of Maricopa and the final filing and recording of the documents. If cost-to-cure moneys have been paid to remove or relocate improvements on the property conveyed,Grantor agrees to remove all buildings and appurtenances including fences, floors other than concrete, plumbing lines above grade, and all combustible material not later than 30 days from the date of payment. The Grantor assumes all liability connected with said removal. It is further agreed that upon expiration of the time provided for removal,all improvements remaining partially or wholly upon the lands conveyed shall become the property of the City of Glendale,and all rights of the Grantor to said improvements shall cease and terminate. Grantor shall be liable for the reasonable costs incurred in removing said improvements. License is hereby granted to the City of Glendale to enter upon the Grantor's remaining lands where necessary to accomplish the purpose of this agreement. If the City is acquiring only a portion of Grantor's property, then Grantor grants to the City, its agents, employees and contractors, the right to enter Grantor's remaining property as necessary for utility reconnection, driveway reconnection, facilitating removal of buildings or appurtenances where portions of acquired buildings or appurtenances are situated on Grantor's remaining property,and to facilitate sound wall construction on adjacent City-owned right of way,if required. It is further understood and agreed that this temporary right will expire and terminate thirty(30)days after completion of City's project. It is understood and agreed the consideration expressed herein is accepted by the Grantor as full and complete compensation for the interest being acquired,and in settlement for all injury or damage to the Grantor's remaining abutting lands. Further, said consideration shall constitute a waiver of any and all claims for damages or compensation to said abutting lands that may hereafter arise or result from the establishment and construction of the highway in the manner proposed by the City. City is acquiring Grantor's property through its right of eminent domain under threat of condemnation;therefore, it is not a voluntary sale in the ordinary course of real estate negotiation. Further,the settlement herein is in lieu of condemnation and not admissible as evidence of value,nor for any other evidentiary purpose,in conjunction with any judicial or administrative proceeding. ®Yes 0 No Addendum attached hereto and made The City of Glendale part hereof ❑ Notice of Pending Sale pursuant to A.R.S 33-1806. B • / =(` /". S enique Colby ght of Wa 'gent i GRANTOR:ZZK, Inc., an Arizona corporation �\ ( ' 1,,,,.. v, s ,., c 1,'I ,1 Approved by: , �. By:' r Date5S4 C. Al ,c,� �� e Its !J 1.1 t%' A 1 3 Py Date'D gG 2-b 20 I 7 Its: " ' 1 , 1 1 I Date \\An Accepted: City of Glendale 12/r 2Ot/ 20 Accepted \ 'RO By )4-v1:-/// L 1 DAVID BEARD,CITY ENGINEER Ap 1:.in; r, +1140,41411Ar II City Clerk PROJECT Olive&59th Ave. Inters- on Capacity Improvement PROJECT NO 15T0-265 PARCEL 143-13-002T ilariBart+ "A" �1 Pape l of3 LEGAL DESCRIPTIONFOR NEW RIGHT OF WAY (Mei*dpa County Assessor Parcel No. 143-13-002T) Parcel No. l That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East, Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole) from which the North quarter corner of said Section 31 (brass cap in handhole)bears South 88°43'51"West, 2637.96 feet; thence South 88°43'51"West, 168,13 feet along the North line of said Section 31; thence departing said North line of Section 31,South 01°16'09"East,55.00 feet to the South line of the North 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence departing said South line of the North 55.00 feet of said Section31 and continuing South 01°16'09"East,2.50 feet to the South line of the North 57.50 feet of said Section 31; thence South 88°43'51"West, $7.98 feet along said South line of the North 57.50 feet of Section 31 to the West line of the East 255.00 feet of said Section 31; thence departing said South line of the North 57.50 feet of Section 31, North 00°12'39" West, 2.50 feet along said West Iine of the East 255.00 feet of Section 31 to the South line of the North 55.00 feet of said Section 31, thence departing said West line of the East 255.00 feet of Section 31, North 88°43'51" East, 87.93 feet along said South line of the North 55.00 feet of Section 31 to the POINT OF BEGINNING. Said Parcel No. 1 contains 220 square feet or 0.0050 acres more or less. Parcel No.2 That part of the Northeast quarter of Section 31,ToWnsliip•3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the East quarter corner of said Section 31 (aluminum cap in handhole) bears South 00°12'39" East,2620.72 feet; thence South 00°12'39"East,71.50 feet along the East line of said Section 31; p:kesaume,Lurveyalpha159tho llvetlegest 143.13-0x21-maw.lgl.dacx Page 2 of 3 thence departing said East line of Section 3I, South 89°47'21"West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence departing said West line of the East 55.00 feet of Section 31, North 45°02'02" West, 21.42 feet to the South line of the North 55.00 feet of said Section 31; thence North 88°43'51" East, 15.10 feet along said South line of the North 55.00 feet of Section 31 to said West line of the East 55.00 feet of said Section 31; thence departing said South line of the North 55.00 feet of Section 31, South 00°12'39" East, 15.47 feet along said West line of the East 55.00 feet of Section 31, to the POINT OF BEGINNING. Said Parcel No.2 contafni:117 square feet or 0.0027 acres more or less. Parcel No.3 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the East quarter corner of said Section 31 (aluminum cap in handhole) bears South 00°12'39" East,2620.72 feet; thence South 00°12'39"East, 159.50 feet along the East line of said Section 31; thence departing said East line of Section 31, South 89°47'21" West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence South 00°12'39"East,52.00 feet along said West line of the East 55.00 feet of Section 31; thence departing said West line of the East 55.00 feet of Section 31,South 89°47'21" West,2.50 feet to the West line of the East 57.50 feet of said Section 31; thence North 00°12139" West, 52.00 feet along said West line of the East 57.50 feet of Section 31; thence departing said West line of the East 57.50 feet of Section 31,North 89°47'2I" East,2.50 feet to the POINT OF BEGINNING. Said Parcel No. 3 contains 130 square feet or 0.0030 acres more or less. fAesoutcesIsurveyletphaU9thalivellegald 143-13-Qg2t-mw.IgLdo c Page 3 of 3 Parcel No.4 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMINCING ENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the East quarter corner of said Section 31 (aluminum cap in handhole)bears South 00°12'39" East,2620.72 feet; thence South 00°12'39"East,237.00 feet along the East line of said Section 31; thence departing said East line of Section 31, South 89°47"21" West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence South 00°12'39"East, 19.06 feet along said West line of the East 55.00 feet of Section 31 to the most southeasterly corner of that certain property described in Document No. 2005- 1525483,Maricopa County Recorder's Office; thence North 45°45'18" West,5.60 feet along the a southerly line of said certain property to the West line of the East 59.00 feet of said Section 31; thence departing said southerly line of said certain property, North 0092'39" West, 15.13 feet along said West line of the East 59.00 feet of said Section 31; thence departing said West line of the East 59.00 feet of said Section 31,North 89°47'21" East, 4.00 feet to the POINT OF BEGINNING. Said Parcel No.4 contains 68 square feet or 0.0016 acres more or less. Said Parcel Nos. 1,2, 3 and 4 contain a total of 535 square feet or 0.0123 acres more or less. CO wQ 39229 `Po • `' ILIJA ' uc KNEzEVIE4 ' -1 \. ,,_.':- 7* -t4fr' -..:-.-''... * — Ed 00/zo (zc'Ie p:ltesawceesurvey elpha‘ntho livelleasls'.I A3-13-01121-mwla do u. EXHIBIT MAP LEGAL DESCRIPTION FOR N NEW RIGHT OF WAY (Marioopa County Assessor Parcel No. 143-13-002T) , . ' JO - OLIVE AVENUE .., ,• _ ,CO' - , _ . •• „ r - - ør , , KO 2-: 1 . : '7----77------7-- iIJ- IV'IEW - • , . , • ! \TE"): - ': Parcel No. 1 Parcel No. 2 . .1 -- - • - nil. 1 • , 220 sf 117 sf • i, La . - aw C .•••""cc:'/:',":311:12j:2:vg:4:: ; :i 1 . z : See Detail on Sheet 2 ,._.,' i;.:•-•, • -.. '.• '''':.-:--.4.,;.-1' _ --- '-k... ,i-.-7,-,-1•;::,A- AL-7 f . . glil?.! oci30/20111 , i 1 . . . •„ , . , • i . -• -. . 1 . Parcel No. l' ' . • . - DATA TABLE ---- • , 1 S88°43' 511 W 2637. 96' . 8 S00° 12' 39" E 2620. 72' e 2 588°43' 51' W 168. 13' i 9 SOO° 12' 39" E 71. 50' 31 -f,.. 32 3 S01° 16' 09" E 55. 00' 1 10 S89°4721° W 55. 00' 4 SOP 16' 09° E 2. 50' 11 N45°02' 02"W 21. 42' H 5 S88°43' 514W 87. 98' 12 N88°43' 514E 15. 10' 6 NOO° 12' 39w W 2. 50' , 13 SOO° 12' 394 E 15. 47' 1 1 o 25 so . 7 N88°43151" E 87. 93' ' • ---------- — . - mcom mramictsc.,oetaviceq.1— 59th Ave & Olive Ave __ , ___ _ Phoortg.Arttatis MO '. Sheet 1 of 2 6111gratiRlawroFwAY 0(111.371,110111 mmaicarn.com MCR APN 143-13-002T '1121/11/201.6 mai Am ..\oath:Avow\143-13-002t-robiLdgn EXHIBIT MAP ri LEGAL DESCRIPTION FOR v NEW RIGHT OF WAY (Marloops County Assessor Parcel No. 143-13-002T) ri 30i29 i . 31 .'� .�32 • • . 19. , l' Parcel No:. 3:4_,..„, DATA TABLE 130 sf . 8 S00° 12' 39" E 2620. 72' ,; 14 S00' 12' 39" E 159. 50' c1'$).".7' , 15 S89°4T' 21" W 55. 00' • 16 S00° 12' 39° E 52. 00' 17 S89°47' 21° W 2. 50' -tip; ' 18 N00° 12' 39" W 52. 00' ' 19 N89°47' 2141E 2. 50' 20 S00° 12' 39° E 237. 00' - - ' ' 21 S89°47' 21'4 55. 00' V' 22 S00° 12' 39" E 19. 06' 23 N45°45' 18' W 5. 60' 20' 24 N00° 12' 39' W 15. 13' 25 N89°47' 21' E 4. 00' .25-- +,. . Parcel No. 4� �.,. r'nro.a, 68 sf = aw 33229 e :, :24: • W iL1JA - �. s a: KNEZEVIC . * . . E)cP : oG/30/Zo113 0 10____ _20 Sows ' ,' A ac guru: • 59th Ave & 011ve Ave � ,. ,„°56'070Sheet 2 of 2 ' a...Rya 4 IX CIHrOFWAY 60.371.1100 wev.o°m.°mn MCR_ APN__143-13-002T'18/11/2016 13112,29 8d2i29 AM - ».\aadd\r°r\143-33-802t-row2.dgn When Recorded Return to: City of Glendale {{ 5850 W Glendale Ave Glendale,AZ 85301 REAL PROPERTY PURCHASE AGREEMENT DATE: ` U4 :2017 PARTIES: ZZK, INC., an Arizona Corporation 5905 W Olive Ave Glendale,Arizona 85302 ("Seller") City of Glendale,a municipal corporation C - 1 1 5850 W Glendale Avenue 1 r 7 070 Glendale,Arizona 85301 Attention: City Attorney P1 7-028 ("Glendale") RECITALS A. Seller owns certain real property consisting of approximately 0.71 acres generally located at 5905 W Olive Avenue in Glendale,Maricopa County, Arizona, also known as Assessor Parcel No. 143-13-002T(the"Property"); B. Glendale desires to purchase the right of way portion of the Property necessary to complete the 59th and Olive Avenue intersection capacity improvements project. Said portion consists of approximately 535 square feet and is more particularly described on Exhibit A attached hereto and made a part hereof by this reference (the"New Right of Way"or "ROW"); C. As of December 1,2017, Seller owes$63,266.35 in past-due property taxes per the Maricopa County Treasurer's Office Parcel 143-13-002T Redemption Statement attached hereto as Exhibij;B.("Property Tax").The amount of outstanding property taxes due increases on the first day of each month. Seller desires to apply Glendale's payment for the ROW and Glendale's payment for the Temporary Construction Easement towards the past-due property tax. Seller agrees to pay the remaining past-due Property Tax,and provide Glendale clear title to the ROW; and D. Seller desires to sell the ROW to the Glendale on the terms and conditions set forth in this Real Property Purchase Agreement("Agreement"). 1 AGREEMENT In consideration of the mutual promises and covenants set forth in this Agreement, the Seller agrees to sell the ROW to Glendale and Glendale agrees to purchase the ROW from Seller on the terms and conditions set forth below: 1. INCORPORATION OF RECITALS. The Recitals to this Agreement are incorporated into and shall constitute a part of this Agreement. 2. PURCHASE TERMS & CONDITIONS. The purchase price for the ROW shall be Twenty Thousand, Seven Hundred Eighty-Seven Dollars and forty-two cents ($20,787.42). The purchase price shall be used to pay the Property Tax and shall be deposited into the Escrow Account. Seller agrees to pay all remaining Property Tax and all other taxes and liens. As mutual consideration , upon the close of escrow, Seller shall convey all of its right, title and interest in and to the ROW to Glendale. 3. DEPOSIT. At the opening of escrow, Seller will deposit Thirty-Two Thousand Dollars ($32,000.00) and Glendale will deposit Thirty-Two Thousand, One Hundred Sixty-Five Dollars and Forty-Two Cents ($32,165.42: ROW--$20,787.42; TCE--$5,378.00; SRP Utility apportionment—$6,000) with the Escrow Officer in addition to the amounts estimated to cover the closing costs and title report as provided for in Sections 6 and 9 below. 4. PRELIMINARY TITLE REPORT. Promptly following the opening of Escrow,the Escrow Agent shall deliver current commitments for title insurance (the "Reports") issued by the Escrow Agent on the Property to Glendale. The Reports shall show the status of title to the Property as of the date of the Reports and shall be accompanied by legible copies of all documents referred to in the Reports. The parties shall have fourteen(14) days following receipt of the Reports to approve, or disapprove matters related to title as shown by the Reports. 5. WARRANTY DEED. At the close of escrow, Seller shall convey title to the ROW to Glendale by Warranty Deed, in form and substance satisfactory to Glendale, such deed subject to no defects, exceptions, easements, encumbrances, covenants, conditions, restrictions, mining claims or liens, except: (a) The matters set forth in the Report(other than the standard printed exceptions) which have been accepted in writing by Glendale; and (b) Any additional matters accepted in writing by Glendale. 6. ESCROW. An escrow for this transaction has been established with the Escrow Agent, and the Escrow Agent is hereby employed to handle the escrow. This Agreement constitutes escrow instructions to the Escrow Agent and a copy shall be deposited with the Escrow Agent for this 2 purpose. Should the Escrow Agent require the execution of its standard form printed escrow instructions, Glendale and Seller agree to execute same; however, such instructions shall be construed as applying only to the Escrow Agent's employment, and if there are conflicts between the terms of this Agreement and the terms of the printed escrow instructions, the terms of this Agreement shall control. (a) Within one (1)business days following execution of this Agreement, Escrow Agent shall establish an account(the "Escrow Account")with a federally- insured institution selected by Escrow Agent. (b) Within five (5) business days following execution of this Agreement, Seller shall deposit Thirty-Two Thousand Dollars ($32,000.00) (collectively "Seller Funds") with Escrow Agent, who shall then immediately deposit Seller Funds into the Escrow Account. (c) Within five (5)business days following execution of this Agreement, Seller shall deliver to the Escrow Agent the following documents: (i) Two (2) duly executed and acknowledged original Warranty Deed to Seller in the form attached hereto as Exhibit C (the "Warranty Deed"); (ii) Two (2) duly executed and acknowledged original Temporary Construction Easement in the form attached hereto as Exhibit D (the "Temporary Construction Easement"or"TCE"); and (iii) Evidence of the current outstanding Property Tax in form and substance satisfactory to Escrow Agent. (d) Within ten(10)business days following execution of this Agreement, but not before Seller has deposited Seller Funds, City shall deposit the purchase price of the ROW ($20,787.42), the purchase price of the TCE($5,378.00) (defined below), and the SRP apportionment amount($6,000.00) along with the funds necessary to cover the estimated closing costs, title report and insurance (collectively"City Funds") with Escrow Agent, who shall then immediately deposit the City Funds into the Escrow Account. (e) No funds shall be dispersed and the documents listed in paragraph (c) above (the "Documents") shall not be delivered or recorded until each of the following conditions is satisfied: (i) Escrow Agent has received the Documents; (ii) Escrow Agent is unconditionally and irrevocably prepared to issue City a standard coverage owner's policy of title insurance dated as of the date and time the Warranty Deed is recorded; and (iii) Escrow Agent has been furnished the closing statement executed by both City and Seller which indicates total disbursements with payment instructions. 3 (f) Closing is scheduled to be completed no later than December 31, 2017 (the "Closing Date"). If the conditions specified in paragraph(e) above are satisfied on or before the Closing Date, Escrow Agent shall immediately take the following actions strictly in the order set forth below: (i) Disburse the necessary funds in the Escrow Account to the Maricopa County Treasurer's Office to pay the Property Tax to remove the tax liens on the Property. To the extent City Funds and Seller Funds are not sufficient to cover the Property Tax due, Seller shall, on or before the close of escrow, deposit with Escrow Agent an additional amount sufficient to pay the remaining Property Tax. (ii) Receive confirmation that the Property was redeemed from the Maricopa County Treasurer's Office; (iii) Record the Documents; (iv) Sign the standard coverage owner's policy of title insurance; (v) Deliver within seven(7) days from the Closing Date to Ctiy, a dated, time stamped copy of the Warranty Deed and TCE and the final issued title policy with endorsements; and (vi) Should any proceeds remain after payment of all required property taxes and tax-related costs, disburse such proceeds to Seller as may be applicable. 7. ESCROW CANCELLATION CHARGES. If the escrow fails to close because of a party's default, the defaulting party shall be liable for all customary escrow cancellation charges. If the escrow fails to close for any other reason, the Seller and Glendale shall each be liable for one-half of all customary escrow cancellation charges. 8. CLOSING COSTS. (a) With the exception of any improvement liens, costs, or other taxes affecting the ROW, upon the close of escrow, Glendale agrees to pay all closing costs and escrow fees. Glendale shall also pay for the cost of a standard coverage owner's policy of title insurance insuring title to the ROW, and the cost of any endorsements issued in connection with such policy. (b) Improvement liens and other special assessments affecting the ROW shall be paid in full by Seller on or before the close of escrow. Any other closing costs shall be paid by Glendale. (c) The parties agree that all closing and title insurance costs payable by them shall be deducted from their respective deposits made pursuant to Sections 3 and 6 at the close of escrow. To the extent such deposits are not sufficient to cover the escrow charges and title insurance costs due, the parties shall, on or 4 before the close of escrow, deposit with Escrow Agent an additional amount sufficient to pay all escrow charges and title insurance costs. To the extent the deposits made pursuant to Sections 3 and 6 exceeds the closing and title insurance costs, Escrow Agent shall return the unused portions to the respective parties within fourteen (14) days following the close of escrow. (d) The obligations of this Section survive the close of escrow. 9. POSSESSION. Possession of the ROW shall be delivered to Glendale upon the close of escrow. From time to time prior to the close of escrow, Glendale may enter upon the ROW with Seller's representatives and agents for the purpose of examining the ROW for the purpose of conducting soil tests and engineering feasibility studies, and planning the proposed development of the ROW. Glendale and its agents shall reasonably cooperate with Seller in such activities but shall not be required to incur any costs in so cooperating. Glendale agrees to repair any damage caused to the ROW by such inspections and further agrees to indemnify, hold harmless and defend Seller against any claims, costs, expenses, losses, attorneys' fees and liabilities (including but not limited to claims of mechanics' liens) asserted against Seller as a result of the conduct of acts or omissions of Glendale or its employees or agents on the ROW. 10. RISK OF LOSS. Except as otherwise provided, the risk of loss or damage to the ROW and all liability to third persons shall be borne by Seller until the ROW has been delivered to Glendale. 11. SELLER'S REPRESENTATIONS AND WARRANTIES. Seller makes the following representations and warranties which shall apply to the Property, which are agreed to constitute a material part of the consideration hereunder, which are true and accurate as of the date of this Agreement,will be true and accurate as of the close of escrow, and which shall survive the close of escrow: (a) Action. All actions on the part of Seller which are required for the execution, delivery and performance by Seller of this Agreement and each of the documents and agreements to be delivered by Seller at the closing have been duly and effectively taken; (b) Enforceable Nature of Agreement. This Agreement and each of the documents and agreements to be delivered by Seller at the closing constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms; (c) Violations; Consents; Defaults. Neither the execution of this Agreement nor the performance hereof by Seller will result in any breach or violation of the terms of any law, rule, ordinance, or regulation or of any decree,judgment or order to which Seller is a party now in effect from any court or governmental body. There are no consents, waivers, authorizations or approvals from any third party necessary to be obtained by Seller in order to carry out the 5 transactions contemplated by this Agreement. The execution and delivery of this Agreement and performance hereof by Seller will not conflict with, or result in a breach of, any of the terms, conditions or provisions of, or constitute a default under or result in the creation of any new, or the acceleration of any existing, lien, charge, or encumbrance upon the Property, or any indenture, mortgage, lease, agreement or other instrument to which Seller is a party or by which Seller or any of its assets may be bound; (d) Litigation. Seller is not a party to any pending or threatened action, suit, proceeding or investigation, at law or in equity or otherwise, in, for or by any court or governmental board, commission, agency, department or officer, arising from or relating to the Property or to the past or present operations and activities of Seller upon or relating to the Property; (e) Governmental Restrictions. Seller has not received,nor is aware of, any notifications, restrictions, or stipulations from the United States of America, the State of Arizona, Maricopa County, or any other governmental authority requiring any work to be done on the Property or threatening the use of the Property. There are no pending or threatened condemnation proceedings affecting any portion of the Property; (f) Title. Fee simple title to the Property is currently vested in Seller; (g) Leases and Agreements. There are no unrecorded leases, arrangements, agreements, understandings, options, contracts, or rights of first refusal, or liens on crops affecting or relating to the Property in any way; (h) Compliance. To the best of the Seller's knowledge, Seller has complied, in all respects, with all laws, ordinances, rules, regulations, requirements and orders of federal, state, or local governments and/or their agencies with respect to the Property; (i) Environmental Matters. Seller has not been advised that either Seller or the Property is in material violation of applicable environmental law,regulation, ordinance or order of any government entity, including, without limitation, the Comprehensive Environmental Response, Compensation and Liability Act, as amended, the Resource Conservation and Recovery Act, as amended, the Federal Clean Water Act, as amended, the Federal Clean Air Act, as amended, the Federal Toxic Substances Control Act, as amended, and any regulations promulgated thereunder, or any other federal, state, or local laws relating to contamination of or adverse effects on the environment. In addition, Seller has not been advised that the Property or any underlying groundwater contains any material concentrations of regulated substances, hazardous substances, hazardous materials, toxic substances, or similar substances, residues, and waste; (j) Taxes. Seller does not have any liability for any taxes, or any interest or penalty in respect thereof, of any nature that may be assessed against Glendale or that are or may become a lien against the Property; 6 (k) Mechanics' Lien. No work has been performed on or about the Property or to any improvements located thereon within six months prior to the opening of escrow that give rise to any mechanics' or materialmen's liens whatsoever. (1) Existing Improvements. Seller does not warrant the condition of any existing improvements on the ROW. Glendale accepts these improvements in an"as is" condition. 12. GLENDALE'S REPRESENTATIONS AND WARRANTIES. Glendale makes the following representations and warranties which are agreed to constitute a material part of the consideration hereunder, which are true and accurate as of the date of this Agreement, and will be true and accurate as of the close of escrow, and which shall survive the close of escrow: (a) Action. All actions on the part of Glendale which are required for the execution, delivery and performance by Glendale of this Agreement and each of the documents and agreements to be delivered by Glendale at the closing have been duly and effectively taken; (b) Enforceable Nature of Agreement. This Agreement and each of the documents and agreements to be delivered by Glendale at the closing constitutes a legal, valid and binding obligation of Glendale, enforceable against Glendale in accordance with its terms; (c) Violations; Consents; Defaults. Neither the execution of this Agreement nor the performance hereof by Glendale will result in any breach or violation of the terms of any law, rule, ordinance, or regulation or of any decree,judgment or order to which Glendale is a party now in effect from any court or governmental body. There are no consents, waivers, authorizations or approvals from any third party necessary to be obtained by Glendale in order to carry out the transactions contemplated by this Agreement. The execution and delivery of this Agreement and performance hereof by Glendale will not conflict with, or result in a breach of, any of the terms, conditions or provisions of, or constitute a default under or result in the creation of any new, or the acceleration of any existing, lien, charge, or encumbrance upon the Glendale Property, or any indenture, mortgage, lease, agreement or other instrument to which Glendale is a party or by which Glendale or any of its assets may be bound; 13. TEMPORARY CONSTRUCTION EASEMENT. (a) Seller hereby grants Glendale and its authorized representatives the temporary right to enter and access the Temporary Construction Easement which Easement is described on and in the form attached hereto as Exhibit D and made a part hereof by this reference (the "Temporary Construction Easement" or"ICE") to stage any materials or equipment necessary and to undertake roadway improvements on 59th Avenue and Olive Avenue,provided that 7 Glendale comply with all terms, conditions and obligations under this Agreement. (b) As set forth in Section 6 of this Agreement, Glendale agrees to compensate Seller Five Thousand Three Hundred Seventy-Eight Dollars ($5,378.00) for the right to use the TCE. This compensation shall also be used to pay the Property Tax due and shall be deposited in to the Escrow Account. Seller agrees to pay all remaining Property Tax. (c) To the extent practicable, Glendale shall provide the Seller with at least 24 hours prior notice before entering the TCE under the terms of this Agreement. Seller's employees, contractors or other representatives may be present to observe the any field work that takes place on the TCE. (d) Glendale shall be responsible for complying and shall ensure its authorized representative(s) and/or contractors comply with all applicable federal, state and local laws,regulations, and ordinances in the performance of any field work. (e) Glendale shall follow standard industry practices for assuring sufficient clearance of all utilities, lines and other structures prior to conducting any field work activities at the TCE. The Seller understands that the field work will, among other things, disturb vegetation and soil on the TCE. To the extent practicable, Glendale shall restore any disturbed land to substantially the same condition as existed prior to Glendale's field work. Glendale shall also follow standard industry practices with respect to restoring any feature of the TCE, including any pavement, asphalt, concrete, soil, vegetation, utility, line, structure or other permanent fixture to its pre-existing condition at Glendale's sole expense. However, once all field work is complete, Seller shall resume all legal and financial responsibility associated with the TCE. (f) Seller shall not be responsible, and makes no warranties or representations about the security for, any vehicles, equipment,tools and other materials of Glendale or its authorized representative(s) and/or contractors used, stored, or related to the field work on the TCE. The safety and responsibility for any vehicles, equipment, tools and other materials used on the TCE, or left on the TCE at the conclusion of each day, are the sole responsibility of Glendale or its authorized representative(s) and/or contractors. (g) Glendale acknowledges the risks associated with the field work and agrees that Seller shall bear no responsibility or liability for any damage, loss, interference or personal injury suffered by Glendale, its authorized representative(s) and/or contractors or any other person resulting in whole or in part arising from the acts, omissions or negligence of Glendale or its authorized representative(s) and/or contractors. (h) The grant of the right to enter and access the TCE terminates automatically upon the completion of the field work. 8 14. INDEMNITY. Each party to this Agreement agrees to indemnify each other party and hold it harmless for, from, and against all claims, damages, costs, and expenses (including attorneys' fees) attributable, directly or indirectly, to the breach by such indemnifying party of any obligation hereunder, or the inaccuracy of any representation or warranty made by such indemnifying party herein, or in any instrument delivered pursuant thereto, or in connection with the transaction contemplated hereby. In addition, Seller hereby covenants and agrees to indemnify and hold Glendale harmless for, from, and against any and all claims, damages, costs, and expenses (including attorney's fees)relating in any way to the ROW and accruing prior to the close of escrow, even though now unknown and unsuspected. These obligations survive close of escrow. 15. MISCELLANEOUS. (a) COUNTERPARTS; BINDING EFFECT. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original and together shall constitute one agreement. The provisions of this Agreement are binding upon, and shall inure to the benefit of, the parties and their respective heirs,personal representatives, executors, administrators, successors and assigns. (b) DISPUTE RESOLUTION. Each party hereby irrevocably waives all rights to trial by jury in any action or proceeding arising our of this Agreement or related to the use of the Property. If any action is brought by either party in respect to its rights under this Agreement, the prevailing party shall be entitled to reasonable attorneys' fees and court costs as determined by the court. (c) WAIVERS. No waiver of any of the provisions of this Agreement shall constitute a waiver of any other provision, whether or not similar, nor shall any waiver be a continuing waiver. Except as expressly provided in this Agreement, no waiver shall be binding unless executed in writing by the party making the waiver. Either party may waive any provision of this Agreement intended for its benefit; provided, however, such waiver shall in no way excuse the other party from the performance of any of its other obligations under this Agreement. (d) CHOICE OF LAW; FORUM. This Agreement is made in, and is to be construed according to the laws of, the State of Arizona, without regard to the conflicts of law or choice of law doctrines of the State of Arizona or any other jurisdiction. If any lawsuit, claim, cause, charge, or action is brought arising out of or relating to this Agreement, it shall be brought in Maricopa County Superior Court. (e) TIME. Time is of the essence of this Agreement. (f) NOTICES. Notices shall be in writing and shall be given by personal delivery, by deposit in the United States mail, certified mail, return receipt requested, postage prepaid, or by express delivery service, freight prepaid, in each case by 9 delivery to Seller and City at the addresses set forth on the first page of this Agreement or at such other address as a party may designate in writing. The date notice is given shall be the date on which the notice is delivered, if notice is given by personal delivery, or five (5) calendar days after the date of deposit in the mail or with an express delivery service, if the notice is sent through the United States mail. A copy of any notice given to a party shall also be given to the Escrow Agent by regular mail. (g) FURTHER DOCUMENTATION. Each party agrees in good faith to execute such further or additional documents as may be necessary or appropriate to fully carry out the intent and purpose of this Agreement. (h) CONFLICTS. This Agreement is subject to cancellation by Glendale, without penalty or further obligation,pursuant to A.R.S. § 38-511, if any person significantly involved in initiating, negotiating, securing, drafting on creating this Agreement on behalf of Glendale is, at any time during the Agreement, an employee or agent of any other party to the Agreement in any capacity or a consultant to any other party. (i) AMENDMENTS. Any amendments or modifications to this Agreement must be in writing, executed by both parties, and are subject to City Council approval. This Agreement constitutes the entire agreement of the parties and supersedes any negotiations, discussions, undertakings, correspondence or informal agreements of the parties. _ (j) INTERPRETATION. Both parties have been represented by counsel in negotiating and approving this Agreement. This Agreement shall be interpreted, applied and enforced according to the fair meaning of its terms and shall not be construed in favor of, or against, either party, regardless of which party may have drafted or proposed any of its provisions or terms. (k) SEVERABILITY. If any portion,part, term, or provision of this Agreement or the application thereof is held invalid, such invalidity shall not affect the other portions, parts, terms, or provisions, or applications of this Agreement that can be given effect without the invalid portions,parts, terms,provisions, or applications, and also shall not affect the Settlement Agreement any of the other agreements entered into as conditions precedent to the effectiveness of the Settlement Agreement; and, to this end, the provisions of this Agreement and the other agreements referenced in this Section are declared to be severable. IN WITNESS WHEREOF,the undersigned have caused this Agreement to be executed below: 10 SELLER: GLENDALE: ZZK, INC., an Arizona Corporation CITY OF GLENDA _, ARIZONA a aicipal c rat'. By: es K. Za a By �',•14 -' Its: President anager ATT . • BY /4 .1,1F Clerk APPROVED AS TO FORM: City ttornp .,....D Escrow Agent, Security Title Agency, hereby accepts employment to handle the escrow establishment by this Agreement in accordance with the terms iia+orth in this Agreement. By: NIVS4S Its: °®- [Escrow Agent] 11 11/1/2017 Redemption Statement I 143-13-002T 5 coPA co Maricopa County Treasurer's Office �, 4Ri'JUNA- Royce T.Flora, Treasurer il,q *,4- PARCEL NUMBER 143-13-002T 5 ZZK INC 5905 W OLIVE AVE GLENDALE AZ 853023007 LEGAL DESCRIPTION Lot/Section: 31 Block/Town: 3N Tract/Range: 2E PT NE4 DAF BEG AT PT WH BEARS S 55F W 55F FR NE C OR OF SEC TH S 200F TH W 200F TH N 200F TH E 200F&EX BEG NE COR SEC 31 TH S 1D 07M 255F TH W 55F TPOB TH W 200F TH N 1D 07M E 5OF E 150F TH S 44D 25M E 70.04F TO POB Dear Taxpayer: There are existing tax lien(s)on the above-listed parcel. This statement shows the amount due and payable in order to redeem your property.(1) To remove these tax liens,please return this statement with your payment by: CASHIER'S CHECK,CERTIFIED CHECK,or MONEY ORDER to:MARICOPA COUNTY TREASURER,301 W.Jefferson,Rm 100,Phoenix,AZ 85003. *Note: This amount may change based on activity to this parcel Partial payments will not be accepted *Interest due is calculated pursuant to ARS 42-18153 and 42-18053. Thank You. Total Due By Total Due By 11/30/2017 12/31/2017 A tax lien was sold on 2/10/2015 to CP Buyer Number 10764 on the property described above for taxes at the buyer rate of 3.00%.(2) Certificate of Purchase(C.P.)Number 13004687 For Tax Year 2013 $15,147.02 $15,147.02 Interest Factor:3.00% Redemption Interest(3) $1,249.63 $1,287.50 Redemption Fee $10.00 $10.00 Purchase Date:6/30/2015 For Tax Year 2014 $11,214.30 $11,214.30 Redemption Interest(3) $813.04 $841.07 Purchase Date: 6/27/2016 For Tax Year 2015 $10,957.97 $10,957.97 Redemption Interest(3) $465.71 $493.11 Purchase Date: 8/28/2017 For Tax Year 2016 $11,776.81 $11,776.81 Redemption Interest(3) $88.33 $117.77 C.P.Total $51,722.81 $51,845.55 https://treasurer.maricopa.gov/Parcel/RedemptionStatement.aspx 1/2 11/1/2017 Redemption Statement I 143-13-002T 5 Redemption Cost(1) $51,722.81 $51,845.55 Current Year Due(FULL) $11,420.80 $11,420.80 *TOTAL DUE $63,143.61 $63,266.35 (1)A.R.S.42-18153 (2)A.R.S.42-18113, 18115 (3)A.R.S.42-18118 (4)A.R.S.42-18056 https://treasurecmaricopa.gov/Parcel/RedemptionStatement.aspx 2/2 BIT "A" /�.��1� Page 1 of 3 LEGAL DESCRIPTION FOR NEW RIGHT OF WAY (Marlcopa County Assessor Parcel No.143-13-00217 Parcel No. 1 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)front which the North quarter corner of said Section 31 (brass cap in handhole)bears South 88°43'51"West, 2637.96 feet; thence South 88°43'51"West, 168.13 feet along the North line of said Section 31; thence departing said North line of Section 31, South 01°16'09"East, 55.00 feet to the South line of the North 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence departing said South line of the North 55.00 feet of said Section 31 and continuing South 01°16'09"East,2.50 feet to the South line of the North 57.50 feet of said Section 31; thence South B8°43'51"West, 87.98 feet along said South line of the North 57.50 feet of Section 31 to the West line of the East 255.00 feet of said Section 31; thence departing said South line of the North 57.50 feet of Section 31, North 00°12'39" West, 2.50 feet along said West line of the East 255.00 feet of Section 31 to the South line of the North 55.00 feet of said Section 31, thence departing said West line of the East 255.00 feet of Section 31, North 88°43'51" East, 87.93 feet along said South line of the North 55.00 feet of Section 31 to the POINT OF BEGINNING. Said Parcel No. 1 contains 220 square feet or 0.0050 acres more or less. Parcel No.2 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East, Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the East quarter corner of said Section 31 (aluminum cap in handhole) bears South 00°12139" East,2620.72 feet; thence South 00°12'39"East,71.50 feet along the East line of said Section 31; 0.......umey'atphgni totiv.4504 143.13•out•mw.lpldoex Pogo 1 of 3 thence departing said East line of Section 31, South 89°47'21"West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence departing said West line of the East 55.00 feet of Section 31, North 45°02'02" West, 21.42 feet to the South line of the North 55.00 feet of said Section 31; thence North 88°43'51" East, 15.10 feet along said South line of the North 55.00 feet of Section 31 to said West line of the East 55.00 feet of said Section 31; thence departing said South line of the North 55.00 feet of Section 31, South 00°12'39" East, 15.47 feet along said West line of the East 55.00 feet of Section 31 to the POINT OF BEGINNING. Said Parcel No.2 contains 117 square feet or 0.0027 acres more or less. Parcel No.3 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the East quarter corner of said Section 31 (aluminum cap in handhole) bears South 00°12'39" East,2620.72 feet; thence South 00°12'39"East, 159.50 feet along the East line of said Section 31; thence departing said East line of Section 31,South 89°47'21" West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence South 00°12'39"East,52.00 feet along said West line of the East 55.00 feet of Section 31; thence departing said West line of the East 55.00 feet of Section 31, South 89°47'21"West,2.50 feet to the West line of the East 57.50 feet of said Section 31; thence North 00°12'39" West, 52.00 feet along said West line of the East 57.50 feet of Section 31; thence departing said West line of the East 57.50 feet of Section 31,North 89°47'21" East, 2.50 feet to the POINT OF BEGINNING. Said Parcel No. 3 contains 130 square feet or 0.0030 acres more or less. p:hesowveebu,veylelp ItAt9thw tive•!maga14-I1002i-row.ISLdocx Page 3 of 3 Parcel No.4 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East, Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole) from which the East quarter corner of said Section 31 (aluminum cap in handhole) bears South 00°12'39" East,2620.72 feet; thence South 00°12'39" East,237.00 feet along the East line of said Section 31; thence departing said East line of Section 31, South 89°47'21" West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence South 0092'39"East, 19.06 feet along said West line of the East 55.00 feet'of Section 31 to the most southeasterly corner of that certain property described in Document No. 2005- 1525483, Maricopa County Recorder's Office; thence North 45°45'18" West, 5.60 feet along the a southerly line of said certain property to the West line of the East 59.00 feet of said Section 31; thence departing said southerly line of said certain property, North 00°12'39" West, 15.13 feet along said West line of the East 59.00 feet of said Section 31; thence departing said West line of the East 59.00 feet of said Section 31,North 89°47'21" East, 4.00 feet to the POINT OF BEGINNING. Said Parcel No.4 contains 68 square feet or 0.0016 acres more or less. Said Parcel Nos. 1,2,3 and 4 contain a total of 535 square feet or 0,0123 acres more or less. A o. 39229 o M Lu ILIJA ¢ . KNEZEVIC , ,�- t‘.\. . EEKP: 06/2012°16 p;lsasoutceelsurvey elphe59thallve leauinl43-13-002t-tow.lat.doex EXHIBIT D When Recorded Mail To: City of Glendale 6210 W.Myrtle Ave. Glendale,Arizona 85301 Exempt under A.R.S. § 11-1134(A)(2) TEMPORARY CONSTRUCTION EASEMENT For and in consideration of the sum of Ten Dollars($10.00),and other good and valuable consideration,the receipt of which is hereby acknowledged,ZZK,Inc.,an Arizona corporation ("Grantors")does hereby grant and convey to the CITY OF GLENDALE,ARIZONA,an Arizona Municipal Corporation("Grantee"),a Temporary Construction Easement for Roadway/ Utility/Drainage/Driveway Slope installation purposes,together with the temporary right of ingress and egress for the purposes of excavating and removing,installation,placement or replacement of soil and/or asphalt and construction plans identified below,including any additional grading work deemed necessary or appropriate by the Grantee over,under and across the real property situated in Maricopa County,Arizona,as described in Exhibit A and Exhibit B attached hereto and made a part hereof,and as shown on Construction Plans entitled "Intersection Capacity Improvements Olive Ave&59th Ave",prepared by AECOM,and dated June 16, 2016. Grantor's property shall be restored by Grantee to an"as good as"condition as existed prior to construction. This easement right,related to Parcel No.: 143-13-002T,shall be extinguished twelve(12) months from the date of commencement of construction by the City of Glendale. Grantors agree that for a period of one year following construction completion and upon five(5) days' prior written notice by Grantee to Grantor,Grantee may enter upon the property described in Exhibit A and Exhibit B for the purposes of performing any required warranty work. Grantor's property,shall be restored by Grantee to an"as good as"condition as existed prior to performance of the warranty work. Dated this' dayof- _ti'1.l)t)a ' -- _ _ ,..2011 _*0030„ ys, _ Its: ------- -- -= Page of 2 Temporary Construction Easement December 1,2016 STATE OF ARIZONA ) )ss County of Maricopa ) The foregoing Temporary-CQiiatriiefibn Ea§eriient•was,peraonally:acknawYeclged- before me this 30 day of.,L.:::1.,764-_-_ --. -,,,2012,bey , ` --.k. 2iimi.-- wl o executed the foregoing instr une'° for-the purposes;tl erein contain=ed: c..4 . .' iMell'A-4.4.eA .M414-"(e' ' - otary Public My Commission Expires: • �; >0Hof,..;: KATHERINE A MITCHELL -1-, Nolary„Public-Arizona '• 1 c ptpltootE4 oegfl2U is Notarial Certificate Is-Bei ig Attached=To . •, - VPWP,IFI't __ ' Temporary Occupancy Agreement • DATE OF DOCUMENT NUMBER OF PAGES `6 - _ . ADDITIONAL SIGNORS !N/A (other than those named-in=- -- i — j the notarial certificate). i. i Page 2 of 2 Temporary Construction Easement October 7,2013 2 EXu3$it "A" Page 1 oft LEGAL DESCRIPTION FOR TEMPORARY CONSTRUCTIONEASEMENT (Marieopa County Assessor Parcel No. 143-13-0027) Parcel No. 1 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East, Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the North quarter corner of said Section 31 (brass cap in handhole)bears South 88°43'51"West, 2637.96 feet; thence South 88°43'51"West, 168.13 feet along the North line of said Section 31; thence departing said North line of Section 31,South 01°16'09"East,55.00 feet to the South line of the North 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence North 88°43'51" East, 5.00 feet along said South line of the North 55.00 feet of Section 31; thence departing said South line of the North 55.00 feet of said Section 31 South 01°16'09"East, 16.50 feet to the South line of the North 71.50 feet of said Section 31; thence South 88°43'51"West, 93.23 feet along said South line of the North 71.50 feet of Section 31 to the West line of the East 255.00 feet of said Section 31; thence departing said South line of the North 71.50 feet of Section 31, North 00012139" West, 14.00 feet along said West line of the East 255.00 feet of Section 31 to the South line of the North 57.50 feet of said Section 31, thence departing said West line of the East 255.00 feet of Section 31, North 88°43'51" East, 87.98 feet along said South line of the North 57.50 feet of Section 31; thence departing said South line of the North 57.50 feet of Section 31, North 00°16'03" West, 2.50 feet to the POINT OF BEGINNING. Said Parcel.No. 1 contains 1,316 square feet or 0.0302 acres more or less. p:reaourceesurveyalph°I59UallvvER01 143-13402hlce.lgl.duen Page 2 of 2 Parcel No.2 That part of the Northeast quarter of Section 31,Township'3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the East quarter corner of said Section 31 (aluminum cap in handhole) bears South 00°12'39" East,2620.72 feet; thence South 00°12'39"East, 159.50 feet along the East line of said Section 31; thence departing said East line of Section 31, South 89°47'21" West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence departing said West line of the East 55.00 feet of Section 31 and continuing South 89°47'21" West,2.50 feet to the West line of the East 57.50 feet of said Section 31; thence South 00°1219"East,52.00 feet along said West line of the East 57.50 feet of Section 31; thence departing said West line of the East 57.50 feet of Section 31,North 89°47'21" East, 2.50 feet to said West line of the East 55.00 feet of said Section 31; thence South 00°12'39"East,25.50 feet along said West line of the East 55.00 feet of Section 3I; thence departing said West line of the East 55.00 feet of Section 31, South 89°47'21"West,4.00 feet to the West line of the East 59.00 feet of said Section 31; thence South 00°12'39"East, 15.I3 feet along said West line of the East 59.00 feet of Section 31 to a southerly line of that certain property described in Document No. 2005-1525483,Maricopa County Recorder's Office; thence North 45°45'18" West, 7.00 feet along the southerly line of said certain property to the West line of the East 64.00 feet of said Section 31; thence departing said southerly line of said certain property, North 00°12'39" West, 92.73 feet along said West line of the East 64.00 feet of said Section 31; thence departing said West line of the East 64.00 feet of said Section 31, North 89°47'21"East, 9.00 feet to said West line of the East 55.00 feet of said Section 31; 110. ,� .cp43;ir thence South 00°12'39"East,5.00 feet along said West line of the East re 47.44 39229 "O, • 55.00 feet of Section 31 to the POINT OF BEGINNING. w 7 ILIJA KNEZEVIC. Said Parcel No.2 contains 676 square feet or 0.0155 acres more or less. • rY ' Said Parcel Nos. 1 and 2 contain a total of 1,992 square feet or 0.0457 acres more or less. EXP: c /3o/Zo 18 pArsso rcasku(vaytalphaintbolive`legals.143•1; Wce.ladom :. EXHIBIT "B" EXHIBIT MAP LEGAL DESCRIPTION FOR N , TEMPORARY CONSTRUCTION EASEMENT (Marlcops County Assessor Parcel No. I43-13-002T) 30 VENUE ® 30, .29 OLIVE A- _ 2 -" 31; '32 31 i • i i 3 , 0 j= _ -- 1 1 Z CV td -1- Parcel No. 1 O 1 316 sfi 1n � ' Parcel No. 2 \, I See Detail on Sheet 2 = - I DATA TABLE 1 S88°43' 51°W 2637. 96' I, 2 S88043' 51'W 168. 13' ; '- � 3 09°ES01° 55. 00' , 4,E�F:rcAre; tip'; 4 N88°43' 51" E 5. 00' 39229 w 5 S01° 16' 09' E 16. 50' it ILIJA ' 6 588.43' 51" W 93. 23' KNEZEVIC . 1' 31 °32 7 N00' 12' 39'0'W 14. 00' 8 N88°43' 51'E 87. 98' 9 N01° 16' 09' W 2. 50' •- ".. _:: Ex?: Qaf�/2.QI e o - —zs 5Q Scale ... AECOMTECHNT.,ao 1au,ms. 59th Ave & Olive Ave � 7720 Pi 1BthSt,•8utma0D • ' Phw1114Filimm650152: Sheet 1 of 2 Eimer/RIGHT OFWAV e02371.1OVrtwrwmm,cmn MCR APN 143-13-002T 18/11/21816 8:18153 AM ...\andel\row\143-13-tl02t-tael.dgn EXHIBIT MAP ; LEGAL DESCRIPTION FOR N TEMPORARY CONSTRUCTION EASEMENT IMarloopa County Assessor Parcel' No. 143-13-002T) 3Q 29, • 31 `;32' • ® - .2i Parcel No. 2 c' I 676 sf ' i 1 ;14. . DATA TABLE 10 S00° 12' 39"E 2620. 72' : 11 S00° 12' 39"E 159. 50' 12 589°47' 21:14 55. 00' " 141 13 S89°47' 21" W 2. 50' '�;.:20< 14 S00° 12' 39" E 52. 00' 0; i 15 N89°47' 21" E 2. 50' - 16 S00° 12' 39" E 25. 50' ' 17 S89°47121" W 4. 00' 18 S00° 12' 39' E 15. 13' :,.....o(10) ! 19 N45°45' 18`'W 7. 00' ' i ) 20 N00° 12' 39" W 92. 73' it 21 N89°47' 21" E 9. 00' ,, 22 S00° 12' 39" E 5. 00' 7.I. 17` Qt F� 39229 6 i V` ;- ILIA ' . 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' - .,...: -"=. - -- ',2- : Ey0t.e.....- -7----!-77--- -„,:. . ,-- -,_ , -‘ - .,---,..,,c7z,i.,„ r i• .,%,.J,,.1:-,,-.,_: r; --;, .' :-.. - -.:' -,-;-,,- - - 1 -; ,Approved_,.— -0 -,'-: ': - ''- 1,----,' , - -- , . 4,c ,4461 -***-;i6)44,44:*_4:::fi**-.), '' --7446145t:*****4:******.40k***,,t*,47t,*,..,*?i(7„ ,..._ .— 7,.., 4 -- ***44*****'?4*******44*,******---. ,..-,-- --,.- .....:: -r. .,,,-., •: . ...-.,..- . - „.. --. , . . -7,,,„,,, . _ ,7) •..J 7,, , * -,, :N1! 1'-.5 - . , NOV.'2'1,2017, - I . ''', --5.-, "-:-::: tiid:No..:.Ort,'-'5.'W.- .,,.-- Council--4- .-'. ,,,„.; 1"-: •-•=;' --' ,.."-.Agekida,Jtoot:,-Noi,''''v--- -.-_ -.'"•,;''- -"',.._ '---,,-- -. -":::,,,:,,,-.,.---,= • „, .„-',=...-' - -: -, Aplitoved,by Q4: :7--, ." .. ,, .., , ,---;,... -, „,.,77-• ,,,, , 7 7. , 7;7, ,. „7„. 7, „7„.„, 7_, ,,„ . IA -,,-**Ifieororig is.„.,q4g,.....*. ,__, •- :.,..,... ,.,.,,,,,:- ..,,:-* ,,,. '''',,, i• 1%-,:-. 2:-.. :`,--.-' - ,-1.,„'' . —,,:.•..',,,;.- 4' ' .,.,-:`,.,..: . .:, ' ,' •i•,,,.,: ., , ..I.:4 -l- ' i ,---;,-1' ''.i-i.ee'-'il ie"'•t'is''-'iii en.'i:..Viiill.1-;-e-;digifillY',ie'ci`--oe'-kl- cf:by„iti ('Its:: , ;7,C-IOk 7.tvith M. 11,,,,cpp_a.,:.Counts .--Recorder' AFTER Council;approval. - ,.;. .„ ,,,..y , ; -,,..-:. . -,77. , '' :''':-' .''-,, :-:(--'.-.'',:;-.:1---'2'--1 Recorded"-1-' '4h'A'fit ' rEini-nty'Rettadeit, ..'. , .-- '.:-;-'- 2 -- ' -.:-.- ---,.-; '',..`-.:. .,--".. .1:',". ' ''..; Dat& -'wi ., 40C0Pa.bL,- .. . AariA' Q .-6-11ii,kit7ii-iderated'No:'::, ',... -...= ' ".,,.,-,,,-_, . _., - ,,. • :-- i , „, -4,:--,. -.--6:, 4 L',,,,,,,."; ,-, L- ,•v-.',.!;,'",.,::::„",`,.',„',.:,,_ r",.i'-, ..„'. ,,,,, _..7.'......;:"-.;.`,‘,.,".--,.',,.ris....:,-',-_,-,.,,.i7.,,,. „.,.-..„7.,: -,.., , : ;,,,,, , - ' i CA . Vi;alitce.'1,:1f'.3i;l:4;‘,--...ictt.-,eie:.-4ilwri.re':le*,:#fti:0nic::„. *: -:p!.:-..th.,,.e,died/easement.., ,,..,.., ,,- ,... ?._7e,tiiX1#!' ee,77! e4.,:s.„,, _ ..---V-.:-'7;-."--'-;-'s'--'--,-.'.•:;',''''',.,-.-...::',-':.' -----,''L..,..,',- s';',..--.'',_.,;-,-- -',',`"*;,'".:"..:-'--: --- '-,-',-''''., -'' ',71 COMPLETE' . f-:oii,:B':-L--'-u1-';$07 03: :)k,!A'-':'EACH !tE AL:; i -.:..-_,.., :'T4'.:11t-If,,.11AN:., SA:CT..:'.,.% I,..°,..,N,_-,r.., P,:::-RP,J.E.-:,...,CT:,---:,._,,,,,':'.:i:'::' :2, :-...-,,e, ,-,,,,,..„.:;--,,,-.=,.; :.-,..:-:.,, ,,,;.•=...,,,,,:,,,,-. -.,.;......,-,-;p.,,,:-.: : „,,..., ,..,i7.....s.,,,-;,,:,,,- ,..„.: --„,,,... ,1,,,, ,.,...-,...,....,,,,,,,„::.c,i:-,,;7:,;.•-,,,,d,''X_ ' .,,„,.;.„,y„,,,,-",".,e,,,,._::,:2-,, ;,.i''•-..,1";:,..'::, :f,";,;t-:,,.. - ': , : I ''''''''-;-- '-''".V7-.4:1-'' ''''' ''';'3::''''.: .;-9-':':7.H''';:‘'-'-'"::-''-'-'.:''''';''.'-.2''''':':'''''''''''''',. ." -:'"'''.0 1-"'!:.. ,.=';'':•.". :,; _,----...._,. 1: .—...,..,.,-,—... . '-' '''- '''' ''''''''''' ' .''' • ' `"!':'"--43',-'-.:- C'.'..'',. ‘-'.g..,,,,.!-'..'`:,`"-.',...:..a.:,,..:"-,......,. ..a.4 .,. 4722 N.24th St. Ste.200 iiSECURITY Phoenix,AZ 85016 T i TLE A G E N C Y Phone: (602)230-6271 k x* k Fax: (602)926-0452 December 29,2017 Tierra Right-of-Way Shenique Colby 2001 W. Camelback Road, Suite 285 Phoenix,AZ 85015 Mailed Re: Property Address: 5905 W OLIVE AVE,Glendale,AZ 85302 Parcel: 143-13-002-T Escrow No.: 15160206-015-BG Enclosed herein please find the following documents in connection with the closing of the above referenced escrow: Q Copies of the following: Closing funds receipt,Executed Settlement Statement,fully executed purchase contract,real property purchase agreement O Original Recorded Warranty Deed IZ1 Certified copy of the Final Settlement Statement Thank you for your business! It has been a pleasure working with you. If you should have any questions,please do not hesitate to contact me. S' ce -1y, -.,► Title Agency,Inc. /I, Bi•nca ( onzales Escro , '•fficer Agntclo OFFICIAL RECORDS OF MARICOPA COUNTY RECORDER ADRIAN FONTES 20170966168 12/29/2017 01:12 ELECTRONIC RECORDING 151512106p-5i Security Title Agency WHEN RECORDED RETURN Escrow No. )�jJ(pbZ0+ ' City of Glendale Exempt From Affidavit 6210 W.Myrtle Ave. By A.R.S. 11-1134-A-3 Glendale,Arizona 85301 CITY OF GLENDALE WARRANTY DEED For consideration of Ten and 00/100 Dollars,and other valuable consideration,ZZK,Inc.,an Arizona corporation,("Grantor"),does hereby convey to the CITY OF GLENDALE,an Arizona Municipal Corporation("Grantee"),the following described real property situated in Maricopa County,Arizona(the "Property"): SEE EXHIBIT "A" ATTACHED HERETO AND BY REFERENCE MADE A PART HEREOF Pursuant to A.R.S.33-404 the Name(s)and Address(es)of the Beneficiary(ies)is/are: SUBJECT TO current taxes and assessments,reservations and all easements,rights of way,covenants, conditions,restrictions,liens and encumbrances of record. IN WITNESS WHEREOF,this instrument is executed this 1,1 day of ,20 \1, ZZK , Iit n Arizona Corporation B 04, 3 Its:OUOic eir'M/+eSeAY/4- NOTARY CERTIFICATION Capacity claimed by signer(s) Ceramic. Trustee(s) Other ZZK , Inc . , an Arizona Corporation Entity(ies)Represented President/ Owner p�,� Title of Signer State Of An,Z D 0-a ) • )SS County Of mar,f t C D)a ) Before me, S-k€4 IAS 1v L �-O dj ,the undersigned officer/notary 61 (Name of Notary) On CC f t 20 11 personally appeared AIVICt" fr Jac Writ, ?.14-fititA 14%/4%21, President/Owner of ZZK , Inc ,m an Arizona CorporatIN�ITNESS,myhand and official seal Personally known-OR-proved to me to be the person(s)whose name(s9/are subscribed ' „4_ to the within instrument and acknowledged to (Si F e of Notary) me thathe/they executed the same in Oiler/air authorized capacity(ies),and that My Commission Expires: y is er/their signature(s)on the instrument the person(s),or the entity on behalf of which S---e- rvll er aa, e9-(J G the person(s)acted,executed the instrument. Approved by the City of Glendale,by and through its Transportation Department_ _ — _ _ — _ — —— I -888, SHENIQUE L COLBY Notary Public-Arizona Accepted: City of Glendale ,20 Maricopa County »' My Commission Expires I •~t September 22,2099 ( By L "Ar Page 1 of 3 LEGAL DESCRIPTION FOR NEWRYGHT'OF WAY (Markopa County Assessor Parcel No.143-13-0027) Parcel No. 1 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the North quarter corner of said Section 3I (brass cap in handhole)bears South 88°43'51"West, 2637,96 feet; thence South 88°43'51"West, 168.13 feet along the North line of said Section 31; thence departing said North line of Section 31, South 01°16'09"East, 55.00 feet to the South line of the North 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence departing said South line of the North 55.00 feet of said Section 31 and continuing South OI°16'09"East,2.50 feet to the South line of the North 57.50 feet of said Section 31; thence South 88°43'51"West, 87.98 feet along said South line of the North 57.50 feet of Section 31 to the West line of the East 255.00 feet of said Section 31; thence departing said South line of the North 57.50 feet of Section 31, North 00°12'39" West, 2.50 feet along said West line of the East 255.00 feet of Section 31 to the South line of the North 55.00 feet of said Section 31, thence departing said West line of the East 255.00 feet of Section 31, North 88°43'51" East, 87.93 feet along said South line of the North 55.00 feet of Section 31 to the POINT OF BEGINNING. Said Parcel No. l contains 220 square feet or 0.0050 acres more or less. Parcel No.2 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East,Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole)from which the East quarter corner of said Section 31 (aluminum cap in handhole) bears South 00°12'39" East,2620.72 feet; thence South 00°12'39"East,71.50 feet along the East line of said Section 31; enmmeuelsuney'elpAe1591h°live:bpels%143-13.002bmw.ladocu Pt-mu-gooTlf1no'l►6Aaldl°1Sminekmmouvd •ssal 10 010111 sem 0E00'0 Jo peg mobs OEI MK=£ 'ox Iced Pies 'DNINNID3fl 3O.LPIIOd 0tp o;i0a3 OS'Z`ISBS „1Z,LP068.10N`IE uopoes 3o I303 OS•LS ISe3 mg 3°Oml;eaM Pres Suiusdap a3vaip •i£ uogoes JO I223 05'LS Ma a1IJ 30 aurl ISOM PPS STOP;aa3 007S `;saM ,:6£,Z1000 ROIs meg; !IE uopoeS pi s jo;703 OS'LS MG ag13o oull;sant\Dip o;pa3 051`;SaM u I Z,Lt 068 UfOS 'I£uo14005 3°X003 00.55;SBM;11;p)atm waM pies Smlledep 03uaq; `•I£UOpo0S30peg 0('55;Seg elf;jo aml;SaM Plus Buoys Iaaj 007S`M3 n6£,ZI000 mos eoump `•DNINNIDHEI dO INIOc aq1 pue 1£nop3as presJo pa3 00'55;seg 0g130 out';sem alp co 1003 00.55 `UaM „I Z,Ltio69 mnoS`IE uorpoS 3o aurl;seg Pres Supedap oouaip :I£uo1PaS weep Guff pea erg Sum 1903 O5'65I `;Seg„6£,ZI000 W°S aouogl !PR/ZCOZ9Z`;sea „6E,ZI000 q;nos sleaq (alogpuuq m deo umununrs) IC uorpaS PPP 3o 10111001openb Iseg agI ;pugs way(elogpueg u!.deo sselq) IE UO3p ;S PPS JO 1au1o3 481121Pl0N 01p;e DisIIONHIN OD :smono3 se paquosep Aplsln°r;1ed a1o1u Supq'suozpy X;uno3 edooruayq'aelpuayq yang Iles PIIe rap'Iseg Z aBueg'q.zox£drgsubos'1E uogoas jo 1alienb;sealploNGap jo pad;uy,I, £'ON!waled •seal.10 aiouz gain LZ00'010;aa3 alsnbs LII SmelUoo Z'°N pond Pies 'ONINAIIOHEI dO iNIOd 01(1 03 IC QOIROOS 3o I0O3 00'55 ME alp 3o auq Pies Buola 1003 WO ';seg „6£,ZI90O mnoS `I£ u°!1 °S 3o MT 00'5S TUN OQ;3o gull IDUs Pres Sopled0P eoualp !I£UOP33S PIBSJO 13 00'55)seg e1430 auli;saM Piss 0; IC uorloes 3°POJ 00'55 TION 21P Jo aurl glnoS Pres Swain PRI 0I-5I 'Pea„I5,0o881(110/4 a3ueq; `•I£uo1;3as Pres 30 pal 00'SS!ppm ag13o gull 1pnos eq1 o;1aa3 Zb'I Z '1Soj wZO,ZODSs 11;1°1•1 I£ Ippon 3o POJ 00'55 ;seg alp jo aura IsaM ptus Supledap aouoq `•DNINNID39 dO.LMIOd 0q1 Pun 1£no/WS Pres Jo»a3 00'55 PIG ow() aml;S0M 0qI 0;Pal 00'55 ')So&W I Z,Lta68 mhos 'TE U0!100S 30 eurj Ise3 pros Surpedep 031101(1 EP Z aBVd Page 3 of 3 Parcel No.4 That part of the Northeast quarter of Section 31,Township 3 North,Range 2 East, Gila and Salt River Meridian,Maricopa County,Arizona,being more particularly described as follows: COMMENCING at the Northeast corner of said Section 31 (brass cap in handhole) from which the East quarter corner of said Section 31 (aluminum cap in handhole)bears South 00°12'39" East,2620.72 feet; thence South 00°12'39"East,237.00 feet along the East line of said Section 31; thence departing said East line of Section 31, South 89°47'21" West, 55.00 feet to the West line of the East 55.00 feet of said Section 31 and the POINT OF BEGINNING; thence South 0012'39"East, 19.06 feet along said West line of the East 55.00 feet of Section 31 to the most southeasterly corner of that certain property described in Document No. 2005- 1525483,Maricopa County Recorder's Office; thence North 45°45'18"West, 5.60 feet along the a southerly line of said certain property to the West line of the East 59.00 feet of said Section 31; thence departing said southerly line of said certain property, North 00°12'39" West, 15.13 feet along said West line of the East 59.00 feet of said Section 31; thence departing said West line of the East 59.00 feet of said Section 31,North 89°47'21"East, 4.00 feet to the POINT OF BEGINNING. Said Parcel No.4 contains 68 square feet or 0.0016 acres more or less. Said Parcel Nos. 1,2,3 and 4 contain a total of 535 square feet or 0.0123 acres more or less. Y' A Q .c4 ' ,v, 39229„Cq ” ILIJA KNEZEVIC °' ��� - EXP: off/ of2QI6 p:4esoumeelnurvey.alphe+59drolive Ia uIn143-13-002FIow.Igl.doax SECURITY TITLE AGENCY, INC. 4722 N.24th St.Ste.200,Phoenix,AZ 85016 Phone:(602)230-6271 Fax:(602)926-0452 Combined Settlement Statement Estimated Escrow No:15160206-015 JBA Close Date: Proration Date: Disbursement Date: Buyor(s)!Borrower(s): The City Of Glendale Seller(s): ZZK,Inc..an Arizona corporation Property: 5905 W OLIVE AVE Glendale,AZ 85302 Brief Legal: • `Seller;Debit "=:S=;SeIIer Credit ,i '-'~vN `% su s • DesciPtio1 Buyer Debit: -':: B`uy. Creel t;. TOTAL CONSIDERATION: 32,185.42 Total Consideration 32,165.42 • Title Report 600,00 ESCROW CHARGES: Escrow Charge to Security TIUe Agency,Inc. 696:00 TITLE CHARGES: Title Report to Security TiitleAgency,Inc. 600.00 Owners Polley(Credit for title report of $600.00)for$20,797.42 to Security Title Agency,Inc. RECORDING FEES: Recording Fee to Security Title Agency,Inc. 14.00 PROPERTY TAXES 51,845.55 • 2013 through 2016 taxes forAPN: 143-13-002T to Mericopa County Treasurer 11,420,80 2017 TaxesAPN:143-13-002Tto Marleope County Treasurer 63,266.35 32,165.42 Sub Totals • - •' 33,475.42 600.00 • 31,100.93 Balance,Due_From Seller Balance Due From Buyer: _ 32,875.42 63,266.35 63,266.35 Totals • 33,475.42 33,475,42 It Is agreed by the undersigned that the foregoing statement may change if a change in the escrow closing occurs or if other unforeseen contingencies arise. In the event changes in the statement become necessary,you are nevertheless authorized to close this escrow. It is understood that we will receive a final statement of account if the above totals� are APPROVED AND ACCEPTED THIS. /5 DAY OF ta, i Y- d."- 2 / c c i 7 Printed by Bianca Gonzales on 11-/1312017-12:59:48PM Page 1 of 2 SECURITY TITLE AGENCY, INC. 4722 N.24th St.Ste.200,Phoenix,AZ 85016 Phone:(602)230-6271 Fax:(602)926-0452 Combined Settlement Statement Estimated Escrow No:15160206-015 JBA Close Date: Proration Date: Disbursement Date: Buyer(s)/Borrower(s): City Of Glendale,a municipal corporation S ' l' - li" 4,_:.1 \---. Asb' 4.4..L. le 4'4 ,1 .. . 41 ir. : . i �y: ��f. �t'1'u O.i' . C L !(•W CC1 Seller(s): "�� 1 ZZK,Inc.,an Arizona corporation 'BY*Kirk ilinau n , , _ . Its:Presid Settlement Agent: Security Me Agency,Inc. / /I .by Jason Bryant_. . Printed by Bianca Gonzales on 11/13/2017-12:59:48PM Page 2 of 2 SECURITY TITLE AGENCY, INC. 4722 N. 24th St. Ste. 200, Phoenix, AZ 85016 Phone: (602)230-6271 Fax: (602) 926-0452 Combined Settlement Statement Final Escrow No: 15160206-015 JBA Close Date: 12/29/2017 Proration Date: 12/29/2017 Disbursement Date: 12/29/2017 Buyel(s)/Bpr[o..wer(s): The City Of Glendale Ido hereby certify this to be a true and correct copy ^rrof the original. Seller(s): " '-ZZK, Inc., an Arizona corporation Security Title Agencc 2 pdC 8y: ffi�a"'� �•J Property: 5905 W OLIVE AVE Glendale,AZ 85302 Brief Legal: Seller Debit Seller Credit Description Buyer Debit Buyer Credit TOTAL CONSIDERATION: 32,165.42 Total Consideration 32,165.42 Title Report 600.00 32,165.42 Closing Funds Closing Funds 32,875.42 ESCROW CHARGES: Escrow Charge to Security Title Agency, Inc. 696.00 TITLE CHARGES: Title Report to Security Title Agency,Inc. 600.00 Owners Policy(Credit for title report of $600.00)for$20,797.42 to Security Title Agency, Inc. RECORDING FEES: Recording Fee to Security Title Agency, Inc. 14.00 PROPERTY TAXES 51,845.55 2013 through 2016 taxes for APN: 143-13-002T to Maricopa County Treasurer 11,573.07 2017 Taxes APN: 143-13-002T to Maricopa County Treasurer 63,418.62 - 64,330.84 Sub Totals 33,475.42 33,475.42 912.22 Proceeds Due Seller 64,330.84 64,330.84 Totals 33,475.42 33,475.42 It is agreed by the undersigned that the foregoing statement may change if a change in the escrow closing occurs or if other unforeseen contingencies arise. In the event changes in the statement become necessary,you are nevertheless authorized to close this escrow. It is understood that we will receive a final statement of account if the above totals are changed. APPROVED AND ACCEPTED THIS DAY OF Printed by Bianca Gonzales on 12/29/2017-10:18:07AM Page 1 of 1 • StCURITY TITLE AGENCY No: 15002108 ESCROW DEPOSIT RECEIPT Date: 12/29/2017 Escrow No. 15160206-015-JBA Received from: City of Glendale For Credit to: ZZK/The City Of Glendale Property Address: 5905 W OLIVE AVE,Glendale,AZ 85302 Type of Transaction: Closing Funds TOTAL: $32,875.42 US Bank BY: Bianca Gonzales ALL CHECKS RECEIVED SUBJECT TO COLLECTION 12129120171 0:15:44AM Payments accepted only if such payment is in accordance with terms of contract Notice of Closing Protection. Pursuant to A.R.S.§6-841.02,buyers and sellers of a residential dwelling are notified that the title insurer shall offer,on request,a closing protection letter that provides protection for the loss of escrow monies due to fraud or dishonesty of the escrow agent. For purposes of this notice,"residential dwelling'means an owner occupied structure or an investment property that is designed for residential use by four or fewer families. If you do not set up an interest bearing account,as a result,Security Title Agency may receive an array of bank services,accommodations or other benefits from the depository,which shall accrue to Security Title Agency and its affiliates. Security Title Agency will have no obligation to account to you the value of such services,accommodations or other benefits. Notice of Rioht to Earn Interest. Pursuant to A.R.S.§6-834(D),notice is hereby given of the right to eam interest on escrowed funds. An interest bearing account may be opened on your behalf,as follows: 1.You must ask your escrow agent to set up an interest bearing account on your behalf. 2.You agree to pay the escrow service charge in the amount of$100.00 for establishing such an account. 3.To establish an interest bearing account,ask for an"Interest Bearing Account Authorization".You may also be asked to complete an IRS form W9 and/ or provide your U.S.taxpayer identification number as may be required by the depository to establish such an account. Any forms requested must be completed and returned to your escrow agent before such an account can be opened with the depository. 4.You may contact your escrow agent at Security Title Agency 4722 N.24th St.Ste.200,Phoenix,AZ 85016.Phone(602)266-3298. Interest eamed is dependent upon the amount of the deposit,the time of deposit and prevailing interest rate at the time. Pursuant to A.R.S.§6-84103. Notice is hereby given that the monies deposited into an escrow account are not insured against loss from fraud or theft by the State of Arizona or the United States government. However,escrowed funds are deposited with depositories that are insured by the Federal Deposit Insurance Corporation. Copy of the foregoing provided to the following: 1 Seller 2. Buyer Tillsa501 IIJMENT..0 ON'(AIN$$PECU%ITYY FEATURES•INCLUDING.THEIIMOCH%1MIC INK AIITIFICIAL WATE%MAflK TONER GRIP STOCK AND MIt U0PtyNT LINE 1 IF YOU O0 NOT SEE.THESE SEGUR4TY FEATURES DO M07 CASH THE-CHECK n Y • ''CITYOFGLENIIq.LE } `? -;� Jrj""'.5'3'' �Ez'#~S. f1 -nb�i ti a. +rtlnt�"!l`�i`` s7�'iD {'rrr �..�ffr.,crc�+,•c„,�'+L ,-'j Fina nee; 5850 WesAt eclocu8nn5dt3as0ieI?a=Ay2vael9irl9;e <.= +� Tt -.vrnz ,';'i>. 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S'tr'i- !�,, •'+�4;.:, ^: (,b,�)rr _ ...a,"�✓?.'i^.'il'"'�..Yi],;;. y� "t :til. t1 `'3. � 1 3�c-+ I:.Y'rY-G,7 a� .•Kr.�, $.- .�... .3:.,,�(.5yr,• •p' " „>;�:;_ ,�• '':;;�;��z.���3 '�t` t;'� ' ` ' ' ���t}t' ~1 :f•`"b,:( v)-;,„ Vie";^?J r„•3,% (:.,Y.I:>• ^a`S' r•!1-`j'.•� ;.� �•:jrl ,sz'�n.: �'':^': ,II�'�t�*,"4�' L4. -•';7' I:'�;r.I':, t�� _ `[/5 • y," .�i.. +ti::s. }'< � ;,, Cc--•. �...c2.Y`�� / 'F.4.c..`•1.., 1 '9.�t 1�•: ,aj;,,._.'. iL1�,el: ;.; r""- F'P'f=iti'1�" `'r'.`KT=''C: t: " 73sf :',., ASi::•�Y,—ra?",,:.,• nit 90490$Il' ':1 2 2 LO 1?061: 00 1'1006 20 1N' Check Date: Dec/21/2017 1 Nam4 SECURITY TITLE AGENCY,INC Check No. 904908 Invoice Number Invoice Date Voucher ID Gross Amount Discount Taken Paid Amount 9122017 Sep/12/2017 00735653 32,875.42 0.00 32,875.42 59/OLIVE LAND PURCHASE Total Total Total Check Number Date Vendor Number: Gross Amount Discounts Paid Amount 904908 Dec/21/2017 0000003919 $32,875.42 $0.00 $32,875.42