HomeMy WebLinkAboutResolution 96-075 assurance agrement for continental ranch parcel 4MARANA RESOLUTION NO. 96-75
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA,
APPROVING THE ASSURANCE AGREEMENT FOR COMPLETION OF SUBDIVISION
IMPROVEMENTS (THIRD PARTY TRUST) SUBMITTED BY RICHMOND AMERICAN
HOMES, INC, FOR PARCEL 4 OF CONTINENTAL RANCH.
WHEREAS, the Town of Marana has previously approved the specific plan for the area
known as Continental Ranch, located with/n the corporate boundaries of the Town of Marana,
Arizona; and
WHEREAS, an Assurance Agreement for Completion of Subdivision Improvements (Third
Party Trust) Trust No. 10,783 between Richmond American Homes, Inc. and Old Republic Title
Insurance Agency, Inc. has been presented to the Town of Marana for approval; and
WHEREAS, the Assurance Agreement will guarantee that the public improvements in Parcel
4 of Continental Ranch will be completed to Town standards and acceptance of the Assurance
Agreement for Parcel 4 would be in the best interest of the Town.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana
that the Assurance Agreement for completion of Subdivision Improvements (Third Party Trust)
Trust No. 10,783, between the Town of Marana Richmond American Homes, Inc. and Old Republic
Title Insurance Agency, Inc. for Parcel 4 of Continental Ranch, is accepted.
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
27th day of August, 1996.
~TAov ~ ~=~ Mayor ED HONEA
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/Dani~ J. Hocl~uli Town Attorney
Marana, Arizona Resolution No. 96-75 Page 1 of l