The Village Timeline blog is a year-by-year review of the major milestones, projects, enhancements and enduring decisions made at Concord Village since it was founded. Since nearly all historical documents were lost or destroyed, this history is taken from bits and pieces pulled together from Concord Village residents.
Originally, the property was built in five phases and separate 3% HUD insured loans were taken out for each phase, each paid off 40 years later. In 1995, an additional 8% loan was secured for improvements, which was refinanced at it's original principal and a new 4.5% interest rate in 2011. Below is some information about each of these loans:
03/02/65 - $838,500 - PARCEL 1 - THE ARIZONA BANK - Docket 5475 page 33
- Assigned to First Wisconsin Trust on 2/1/66, Docket 5935, page 282
- Released 2005 - 250097
11/04/65 - $847,200 - PARCEL 2 - THE ARIZONA BANK - Docket 5805 page 89
- Assigned to First Wisconsin Trust on 8/1/66, Docket 6171, page 36
- Released 2006 - 893047
07/22/66 - $770,400 - PARCEL 6 - THE ARIZONA BANK - Docket 6147 page 46
- Assigned to The Riggs National Bank of Washington DC on 01/21/83
- Released 2007 - 38327
08/25/67 - $947,300 - PARCEL 7 - THE ARIZONA BANK - Docket 6717 page 778
- Assigned to Security Pacific National Bank on 1/21/83
- Assigned to Wells Fargo Bank as loan #112355006
- Matured / Paid off on 03/01/08
08/25/67 - $776,300 - PARCEL 3 - THE ARIZONA BANK - Docket 6870 page 667
- Assigned to Security Pacific National Bank on 10/17/85
- Assigned to Wells Fargo Bank as loan #112355008
- Matured / Paid off on 05/01/08
05/23/68 - $1,054,500 - PARCEL 4+8 - THE ARIZONA BANK - Docket 7107 page 736
- Assigned to The Secretary of Housing and Urban Development (USGI) on 1/21/83 as loan #123-55007G
- Matured / Paid off on 06/01/09, Doc 844679
12/05/95 - $3,622,100 - ALL PARCELS - HUD 241 Loan from PFC CORPORATION, Doc# 95-0742986
- 8% HUD Loan for Improvements
- Released on 02/??/11 - refinanced
02/??/11 - $3,622,100 - ALL PARCELS -
- 4.5% HUD Refinance
- Created: 03 February 2011
- Updated: 08 August 2011
Origially, Concord Village was created by combining eight different parcels into one project, and then five loans were secured based upon the completion of five construction phases.
Below is the legal description of the eight parcels plus information on three easments that have been recorded:
PARCEL NO.1:
That portion of the Northeast quarter of the Southeast quarter of Section 3, Township 1 North, Range 4 East, Gila and Salt River Base and Meridian, County of Maricopa, State of Arizona, more particularly described as follows:
BEGINNING at the East quarter comer of said Section 3;
- thence South 89 degrees 02 minutes 20 seconds West, along the Eas~West center line of said Section, a distance of 330.76 feet to theNortheast comer of the West half of the East half of the Northeast quarter of the Southeast quarter of said Section 3;
- thence South 00 degrees 57 minutes 43 seconds West, along the East line of said West half of said East half, 40.02 feet to the TRUE POINT OF BEGINNING;
- thence continuing South 00 degrees 57 minutes 43 seconds West, along said East line, 644.98 feet;
- thence North 89 degrees 02 minutes 17 seconds West, 267.34 feet;
- thence North 00 degrees 57 minutes 43 seconds East, 636.00 feet to intersection with a line which is parallel with and distant 40.00 feet Southerly at right angles from said Eas~West center line of said Section 3;
- thence North 89 degrees 02 minutes 20 seconds East, along said parallel line, 267.49 feet to the point of beginning.
- Created: 03 February 2011
- Updated: 08 August 2011