HomeMy WebLinkAboutResolution 98-116 release of assurance for completion of public improvements for del webb's coventry homes F. ~N RODRiGUEZ, RECORDER
RECORDED BY: JEB
DEPUTY RECORDER
2012 ROOD
TFATI
FIRST AM. ERIC.:~N TITLE
1880 E RIVER RD
TUCSON AZ 85718
e DOCKET: 10917
PAGE: 608
NO. OF PAGES: 4
SEQUENCE: 19981940229
11/05/98
RES 12:22
PICKUP
A.MOUNT PAID
MARANA RESOLUTION NO. 98-116
$ 9,00
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARAdqA, ARIZONA,
AUTHORIZING THE SUBSTITUTION OF PERFORMANCE BONDS AS ASSURANCES FOR
THE COMPLETION OF PUBLIC IMPROVEMENTS OF PHASE I, LOTS 1 THROUGH 97 AND
COMMON AREAS A THROUGH E, AND PHASE II, LOTS 98 THROUGH 208 AND COMMON
AREAS F THROUGH L, LOCATED IN CONTINENTAL RANCH PARCELS 36 THROUGH 38
AND PARCEL 40 AND AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT
ORIGINALLY SUBMITTED BY DEL WEBB'S COVENTRY HOMES OF TUCSON, INC.,
UNDER TRUST NO. 4708, AND FIRST AMERICAN TITLE, FOR THE COMPLETION OF
SUBDIVISION IMPROVEMENTS.
WHEREAS, the Town has previously entered into an Assurance Ageement with Del Webb' s
Coventry Homes of Tucson, Inc., under Trust No. 4708 (Del Webb), and First American Title, for
Completion of Subdivision Improvements on Phase I, Lots 1 through 97 and Common Areas A
through E (see Exhibit A), and Phase II, Lots 98 through 208 and Common Areas F through L (see
Exhibit B), in Continental Ranch Parcels 36 through 38 and Parcel 40; and
WHEREAS, on May 21, 1998, the Assurance Agreement for Completion of Subdivision
Improvements for Phase I was recorded and on July 19, 1998 the Assurance Agreement for
Completion of Subdivision Improvements for Phase II, all in Continental Ranch Parcels 36 through
38 and Parcel 40, was recorded; and
WHEREAS, Del Webb's Coventry Homes of Tucson, Inc. requested to be released from the
Third-Party Trust Assurance Agreement for Phase I and Phase II, providing performance bonds as
Substitute Assurances for completion o f the remaining subdivision improvements; and
WHEREAS, the release of Assurances for Completion of Subdivision Improvements is in
the best interests of the citizens of the Town of Marana.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of
Marana, Phase I, Lots 1 through 97 and Common Areas A through E, and Phase II, Lots 98 through
208 and Common Areas F through L, in Continental Ranch Parcels 36 through 38 and Parcel 40 are
released from the Assurance Agreement for Completion of Subdivision Improvements and the
performance bonds in the amount of S63,564.00 (Phase I) and 5432,900.00 (Phase II) posted by Del
Webb's Covemry Homes of Tucson, Inc. as assurances for said completion of'improvements.
PASSED AND .ADOPTED by the Mayor and Council of thc Town of Marana, Arizona, this
3rd day of November, 1998.
Mayor OP~ M,~ H,4KN
ATTESTS? .... ~ -~.
/ S~dra L. ~se~se
~'" Tow~k ,~
APPROVED AS TO FORM:
· ~'"~aniel J. Hochuli Town Attorney
LOCATION MAP:
Continental Ranch
Parcels 38 & 40 North and South, Phase I
,~,: 1998 ~annir'9 & Zoning D,spt, GIS Division
SITE
LOCATION MAP:
Continental Ranch
Parcels 36-38 & 40, Phase H
,~ !998 F!,annin9 & Zonirg Dept., GIS Division
109i7 611
3IAlqh.N'A RESOLUTION NO. 98-1 16
A RESOLUTION OF THE MAYOR ANT) COUNCIL OF THE TO~VN OF MARA A, ARIZONA,
AUTHORIZING THE SUBSTITUTION OF PERFOP~MANCE B ONT)S AS ASSURANCES FOR
THE COMPLETION OF PUBLIC IMPROVEMENTS OF PHASE I, LOTS 1 THROUGH 97 AND
COMMON AREAS A THROUGH E, AND PHASE II, LOTS 98 THROUGH 208 AND COMMON
AP,_EAS F THROUGH L, LOCATED IN CONTINENTAL RANCH PARCELS 36 THROUGH 38
AND PARCEL 40 AND AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT
ORIGINALLY SUBMITTED BY DEL WEBB'S COVENTRY HOMES OF TUCSON, INC.,
UNDER TRUST NO. 4708, ANT) FIRST AMERICAN TITLE, FOR THE COMPLETION OF
SUBDIVISION IMPROVEMENTS.
WHEREAS, the Town has previously entered into an Assurance A~eement with Del Webb's
Coventry Homes of Tucson, Inc., under Trust No. 4708 (Del Webb), and First American Title, for
Completion of Subdivision Improvements on Phase I, Lots I through 97 and Cormmon Areas A
through E (see Exhibit A), and Phase II, Lots 98 through 208 and Common Areas F through L (see
Exhibit B), in Continental Ranch Parcels 36 through 38 and Parcel 40; and
WHEREAS, on May 21, 1998, the Assurance Agreement for Completion of Subdivision
Improvements for Phase I was recorded and on July 19, 1998 the Assurance Ageement for
Completion of Subdivision Improvements for Phase II, all in Continental Ranch Pamels 36 through
38 and Parcel 40, was recorded; and
WHEREAS, Del Webb's Coventry Homes of Tucson, Inc. requested to be released from the
Third-Party Trust Assurance A~eement for Phase I and Phase II, providing performance bonds as
Substitute Assurances for completion of the remaining subdivision improvements; and
WHEREAS, the release of Assurances for Completion of Subdivision Improvements is in
the best interests of the citizens of the Town of Marana.
NOW, THEREFORE, BE 1T RESOLVED by the Mayor and Council of the Town of
Marana, Phase i, Lots I through 97 and Common Areas A through E, and Phase II, Lots 98 through
208 and Common Areas F through L, in Continental Ranch Parcels 36 through 38 and Parcel 40 are
released from the Assurance Agreement for Completion of Subdivision Improvements and the
perfom~ance bonds in the amount of $63.504.00 (Phase i) and $432,900.00 (Phase II) posted by Del
Webb's Coventry Homes of Tucson. Inc. as assurances for said completion of improvements.
PASSED AND ADOPTED by the _Mayor and Cotmcil of the Town o fMarana, ,M4zona.
day ot NoYember, 1998.
this
--. '.t~c-L~.r ~ r~;:~ ~,/~
Mayor ORA Mfl. E H.A~N
APPROVED AS TO FOP~M:
-,-"~aniel J. Hochuli
Town Attorney
LOCATION MAP: ~4~
Continental Ranch ~
Parcels 38 & 40 North and South, Phase I ~ 0 2s} SSI Feet
1998 Banning & Zoning Dept., GIS D~vision
LOCATION MAP: w~,
Continental Ranch ~
Parcels 36-38 & 40, Phase II ~ 0 2~q' Feet
1998 Ranning & Zoning Dept, GIS Division