Phoenix Arizona Deed Dedicating Land to City for Public Street Purposes with Release of Lien of Deed of Trust A Phoenix Arizona Deed Dedicating Land to City for Public Street Purposes with Release of Lien of Deed of Trust is a legally binding document that signifies the transfer of ownership of a property to the city of Phoenix, Arizona, specifically for the purpose of creating a public street. This deed also releases any existing liens on the property from a previous Deed of Trust. When a property owner wishes to dedicate a portion of their land for the development of a public street, they can utilize this deed as a legal instrument to facilitate the transfer. It ensures that the transfer of ownership is proper and that the land becomes a part of the public infrastructure. The Phoenix Arizona Deed Dedicating Land to City for Public Street Purposes with Release of Lien of Deed of Trust typically includes the following essential information: 1. Property Description: The deed identifies the property being transferred, providing details such as legal description, lot numbers, and boundary markers. This information helps clearly demarcate the area being dedicated for public street purposes. 2. Granting Clause: This section states the intention of the property owner to dedicate the land for creating a public street. It signifies the transfer of ownership from the property owner to the city and creates a legal obligation for both parties. 3. Consideration: The consideration section mentions any monetary exchange or other valuable consideration involved in the transfer. In some cases, the property owner may be compensated by the city for the land dedicated. 4. Release of Lien: If there were any existing liens on the property due to a previous Deed of Trust, this clause releases those liens upon the transfer of ownership. It ensures that the city obtains a clear title to the land, free from any encumbrances. 5. Signatures and Acknowledgments: To make the deed legally valid, it requires the signatures of all involved parties, including the property owner and authorized representatives from the city. The deed may also include an acknowledgment section where a notary public verifies the authenticity of the signatures. Different types of Phoenix Arizona Deed Dedicating Land to City for Public Street Purposes with Release of Lien of Deed of Trust may vary based on the specific details of the property, the nature of the dedication, and any additional clauses or considerations involved. It is important to consult with legal professionals and review local regulations to ensure compliance with all requirements. In conclusion, the Phoenix Arizona Deed Dedicating Land to City for Public Street Purposes with Release of Lien of Deed of Trust is a crucial legal document that facilitates the smooth transfer of property ownership from a private individual to the city for the development of public streets. It ensures that the land becomes a part of the city's public infrastructure, benefits the community, and releases any previous liens on the property.