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HomeMy WebLinkAboutOrdinance 88.15 Tortolita Mountain Property (Pioneer) annexation ORDINANCE NO. 88.15 AN ORDINANCE ANNEXING TO 'r-~ TOWN OF MARANA WHEREAS the owners of at least one-half of the assessed value of the real and personal property in the area (described below) and more than one-half of the real property owners therein have presented a petition to the Town Council of the Town of Marana, Arizona, requesting annexation to the Town of Marana; and WHEREAS said area is contiguous to the Town limits of the Town of Marana; and WHEREAS the requirements of A.R.S. Section 9-471 have been met; and WHEREAS the Town Council of the Town of Marana, Arizona considers it beneficial to the people of the Town of Marana and of the area to be annexed to extend the limits of the Town by such annexation. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF MARANA, ARIZONA as follows: That the land more particularly described as (map attached:) A portion of Secti6ns 24, 26 and 35, Township 11 South, Range 12 East; all of Section 25, Township 11 South, Range 12 East; and a portion of Section 19, Township 11 South, Range 13 East, Gila & Salt River Base & Meridian, Pima County, Arizona, being more particularly described as follows; Beginning at the Southeast corner of said Section 35, said point being the TRUE POINT OF BEGINNING; THENCE North 89 degrees, 58 minutes, 51 seconds West, upon the South line of said Section 35, a distance of 1,134.22 feet; THENCE North 00 degrees, 07 minutes, 05 seconds East, parallel with the East line of said Section 35, a distance of 2,636.06 feet; THENCE South 89 degrees, 10 minutes, 36 seconds West, a distance of 350.64 feet; THENCE North 00 degrees, 07 minutes, 05 seconds East, parallel with said East line, a distance of 2,652.75 feet to the North line of said Section 35 and the South line of said Section 26; THENCE North 89 degrees, 10 minutes, 36 seconds East, upon the South line of Section 26, a distance of 160.27 feet; THENCE North 00 degrees, 01 minutes, 50 seconds West, a distance of 1,319.90 feet; 8347 1890 THENCE North 89 degrees, 27 minutes, 00 seconds East, a distance of 1,324.72 feet to the East line of said Section 26; THENCE North 00 degrees, 01 minutes, 40 seconds West, upon said East line, a distance of 1,313.58 feet to the East quarter corner of said Section 26; THENCE North East line, a said Section 00 degrees, 00 minutes, 22 seconds West, upon said distance of 2,634.94 feet to the Northeast corner of 26 and the Southwest corner of said Section 24; THENCE North West line of West quarter THENCE North West line of 00 degrees, 01 minutes, 15 seconds East, upon the said Section 24, a distance of 2,640.50 feet to the corner of said Section 24; 00 degrees,! 06 minutes, 46 seconds West, upon the said Section 24, a~distance of 666.04 feet; THENCE North 30 degrees,' 00 minutes, 00 seconds East, a distance of 721.58 feet; THENCE North 00 degrees, 06 minutes, 46 seconds West, parallel with said West line, a distance of 1,344.45 feet to the North line of said Section 24; THENCE South 60 degrees, 00 minutes, 00 seconds East, a distance of 1,734.26 feet; THENCE South 00 degrees, 00 minutes, 00 seconds East, a distance of 877.86 feet; THENCE South 60 degrees, 00 minutes, 00 seconds East, a distance of 900.00 feet; THENCE North 00 degrees, 00 minutes, 49 seconds West, a distance of 2,!85.84 feet to said North line of Section 24; THENCE South 89 degrees, 49 minutes, 06 seconds East, upon said North line, a distance of 2,643.18 feet to the Northeast corner of said Section 24; THENCE South 00 degrees, 12 minutes, 22 seconds West, upon the East line of said Section 24, a distance of 315.70 feet to the Northwest corner of said Section 19; THENCE North 89 degrees, 58 minutes, 58 seconds East, upon the North line of said Section 19, a distance of 2,534.75 feet to the Northeast corner of the Northwest Quarter (NW 1/4) of said Section 19; 8347 1891 THENCE South 00 degrees, 05 minutes, 35 seconds West, a distance of 2,638.79 feet to the Northwest corner of the Southeast Quarter (SE 1/4) of said Section 19; THENCE North 89 degrees, 57 minutes, 19 seconds East, upon the North line of said Southeast Quarter (SE 2,635.31 feet to the Northeast corner of 1/4) of said Section 19; THENCE South 00 degrees, 04 minutes, 12 1/4), a distance of the Southeast Quarter (SE seconds West, upon the East line of said Southeast Quarter (SE 1/4), a distance of 2,636.21 feet to the Southeast corner of said Section 19; THENCE South 89 degrees, 50 minutes, 47 seconds West, upon the South line of said Section 19, a distance of 2,636.39 feet to. the Southeast corner of the Southwest Quarter (Sw 1/4) of said Section 19; THENCE South 89 degrees, 59 minutes, 56 seconds West, upon said South line, a distance of 2,542.63 feet to the Southwest corner of said Section 19 on the east line of said Section 25; THENCE South 00 degrees, 02 minutes, 15 seconds West, upon said East line of said Section 25, a distance of 2,319.49 feet to the Northeast corner of the Southeast Quarter (SE 1/4) of said Section 25; THENCE continue South 00 degrees, 02 minutes, 15 seconds West, upon the East line of said Southeast Quarter (SE 1/4), a distance of 2,631.83 feet to the Southeast corner of said Section 25; THENCE North 89 degrees, 43 minutes, 06 seconds West, upon the South line of said Section 25, a distance of 2,629.72 feet to the Southeast corner of the Southwest Quarter (SW 1/4); THENCE continue North 89 degrees, 43 minutes, 06 seconds West, a distance of 2,629.73 feet to the Southwest corner of said Section 25 and the Northeast corner of said Section 35; THENCE South 00 degrees, 07 minutes, 05 seconds West, upon the East line of said Section 35, a distance of 2,652.75 feet to the Northeast corner of the Southeast Quarter (SE 1/4) of said Section 35; THENCE South 00 degrees, 07 minutes, 05 seconds West, a distance of 2,652.74 feet to the TRUE POINT OF BEGINNING. Said land contains 1,877.9 acres, more or less. Be annexed to the Town of Marana, Arizona, PASSED ANDADOPTED by the Town Council of the Town of Marana, this 2nd day of August, 1988. ATTEST: MAYOR TOWN cL~K ~J APPROVED AS TO FOP~M: REVIEWED BY: 8347 1893 8347 1894 TlJ .tollta Mountain Properties Westinghouse Communities of Arizona, Inc., Managing Partner June 3, 1988 Mr. Ray Teran Town Manager Town of Marana 12775 N. Sanders Rd. Marana, AZ 85653 Dear Ray: In conj unction with the proposed annexation of Pioneer Trust Properties into the Town of Marana, Marana has requested Pioneer Trust Properties to prepare certain analysis regarding the proposed annexation area: Potential assessed value of annexation area Potential employment in annexation area Summary information regarding potential net revenues Table 1 Table 2 Table 3 The information used in the above analysis was obtained from discussions with the Drachman Institute and the Fiscal Impact Analysis on the proposed annexation area prepared by the Drachman Institute. Representatives of the Drachman Institute have reviewed the information contained in the above. It should be noted that the projections and estimates are not exact figures and are based on stated assumptions regarding growth rates, etc. The assumptions are believed to be reasonable under the circumstances, however, changes in the assumptions would cause the projections and estimates to vary. If further information is necessary, please do not hesitate to contact me. Sincerely, ~b~ David H. Graham Vice President, Planning jah 1760 East River Road · Suite 103 · Tucson, Arizona 85718 Telephone: (602) 577 - 5208 TABLE 1 SU~1~1.A.RY OF ESTll'"1ATED .ASSESSED V,A.LIJATION (POUNDED TO NE;PEST DOLL.A,P) 21)09 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 (Total E3t1rnated }1;3Sessed Y iJ 1 uat ion) $514,000 $70,466,154 $ 1 0 1 ,681 .3G9 $171,163.904 $200,121,621 $"3" f'- 4 "Z~8 ..<:. ':I, (Q "_<' $268,721,054 $325,589,123 $354,545,839 $383,502,556 $412,459,273 $446,030,075 $475,745,816 $505.461.558 $ r;"'o 70') ')99 vL J'''/ "-,"- $544,998.101 $ 562 .838 ,843 $566,429.584 $1)70,020,326 $577,466,128 $581,056,.'369 $583,888.586 $~QI" '''0 707 ,..)vO~ (,,- )v ....J $ 608 /3.27 ,320 $611,659,036 $614,490,753 t'6' 17 ~"'~J 4'- :.. ,')LL. d) $639,429.486 $- 4? ? 1 ?03 b _,~b ,_ $643.195,358 $663,404.,312 (Year) 19!)9 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 NOTE: See continuinq paqes of this table for detail on residential, commercial and hot.el est.imates and projections. >- Q) 0'1 E \0 C- lO l1.. 0'1 I C ....- 3: ~ 0 L: ~ 0 l1.. C 0 -0 ,1) (0 .....- Q) 0 >- >- a: -< :L L ::> (/) .-.l <C I- Z W o 1I') w CC E cO "D l1..(1) 'D .c: ~ <..:J 0'1 cO C....- (j);.( >- .-.. -0 'D ~ C ....- C o <..:J E lO-o l1.. 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U 1J.j ::J C ~ C o U ......., W -I CI:l < f- LT ~ - ---. ~8T I:)....-r <0 o .:;; a:;i::ro -' >- ocr IU) 0000000000000000000000000000000 t40t4t4t4~~0t4t4t4t4t4~t4~~~t4t4t4t4~t4~~~~~~~ O~ O. o 0 o 0 o 0 . - ~ ~ '.0 ~ t4 u c---. ro . -I ~ u.. > . ts.~ 0000000000000000000000000000000 ':':> 0 o 0 - . o 0 ('-.J 0 T L cry (l.) ~O-N~TW'_O~~~0-N~T~~~~00-N~TW0~~0 ~0~~0~0~~~~0000000000---------- ~0~~~~G~~~~00000oooooooooooooao - - - - - - - - - - - ('J N ('J ('J ('J ('.J 0J N ('J (\J C'J ('J C'.J ('.J ('.J C-.J ('.J C.J (.J C-.J ::- Table 2 SU""ARY OF TOTAL NON CONSTRUCTION E"PLOY"ENT mLOYEES TOTAL YEAR PER YEAR EmOYIIENT 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 700 22 22 191 67 167 67 191 67 67 67 209 85 85 85 209 85 85 85 209 85 67 67 689 67 67 67 689 67 22 644 700 722 744 m 1,002 1,169 1,236 1,427 1,494 1,560 1,627 1,836 1,921 2,005 2,090 2,199 2,384 2,m 2,m 2,762 2,847 2,914 2,980 3,669 3,736 3,803 3,870 4,559 4,626 4,648 5,292 ,,-... "" ~ ~ o u '-' N <C; .....-l ..0 Clj E-< :z: C) .... I- ~ :::J ~ I- en :z: CJ L.> :z: CJ :z: I- :z: ..... -= =- CJ -' a... -= ..... -' ..... I- CJ ::c en 1LI ..... :a:: .=- :::J CJ ~ -' a... x: ..... en .....~ ..... <J: =- ..... o =- -' a... ~ x: ..... ..... Q... en ..... 1LI E: =- :::J CJ ~ -' Q... x: ..... ..... L.J .... lJ.. LL. o I -' <J: .... L.J ~ ..... E: x: c:::J L.J E: ..... ~ -- o LL. t- tn L.J <J: C> LL. ...... t-? l- x: ...... :::J L.> CI tn <=> ..... I- Q... lJ..O -' ..... CI :> tn ....... CI tn 1LI ....... :a:: >- :::J 0 L.J -' Q... :a:: ....... -' .... <J: I- ....... ~ x: ....... ~ -- CJ ...... I- tn L.> c:z: ...... ...... t-? - -' <J: .... L.> 0:: ....... E x: o L.J l- E ...... :::J L.J CI tn CI ....... I- Q... ...... CJ -' 1LI CI :> tn ....... CI ~~~~~~g~g~~~~g~~g~g~ggg~~g~gg~g oo~oo~~~~oo~~oooooooooooooooooo o 0 .... ..... OOO~~~~~~~~~~MM~mOO~~NNN~~~~~~~~ NNNN~~~~~~~~~~~~NNNN~~~~~~~~ ~~~~NNNNMMMM~~~~~~~~NNNN~~m~ .......................................N OOO~OOO~OOO.OOO~OOO~OOONOOONOO~ N N N N N N N N ~ ..... ~ ..... ....... ~ ~ ~ 000 0000000000000000000000000000 ~~~~NNNN~mmm~~~~oOOOOOOOOOOO ~~~~""''''''''''''''''~~~~N~NN~~~~~~~~~~~~ ~MMM~~~~OOOO~~~~~~~~~~~~~~M"'" ~~~~mmmmMMMM~~~~""''''''''''''''''MMMM~~~~ ..............................................NNNN~~~~~~~m 000000000000000000000000000 ~ ~ ~ ~ ~ 0 ~ ~ ~ ~ ~ m 00 o en .... ..... N 00 C> en .... .... N t-? - t-? - .... .... ...... t-? - t-? - t-? - ON~.......m~.....m~"""'mM~N~"""'~"""'~o~""'m~N~~~~"""'~ N~""'~~""'~.""'~~~M"""'Om~~~N~~N~~N~~mO ..............NMM~~~~~m~OO.....NM~~~~~~~m~~o - - - - .............................................................................................N ON~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~mm~mm~~~~~~~~~NN ~~~~~~~~~~~~~N~~~~~~~~~~~~~~O~~ OO~O~~N~O~~~N~~~N~~~N~O~~N~O~NO ~~NNNMM~~~~~~~~~NO~~~m~~~~OO~N - - - - - - - - ~~m~~~~~N~m~~~~N~~N~OO~~~~~~N~~ ~.~O~~~N~m~~~M~O~m~~~O~~~N~~~ ~~~~NNN~MM~~n~n~~~~~~~mm~~ oooooooo~oo~~~~~~~~~~oooooooooo ~m~~~~~~~~NNNNNNN~NN~~.~.~~~~m ~~~~~~O~~~~~~~~~~~~~~O~~~~O~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ NN~NN~~N~~~M~~M~~~NNNN~NNN a:: <J: ....... =- ~~~~~~~~~~~g~~~~~~~~~~~~~~~~~~~ ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Table 3 SUMMARY FINANCIAL INFORMATION - 20 YEARS 50% Hotel Hotel TOTAL COSTS TO NET REVENUE Tax Tax YEAR REVENUES SERVE TO "ARANA REVENUE .REVENU~ 1989 217,217 0 217,217 0 0 1990 1,025,014 22,888 1,002,126 0 0 1991 531,481 213,116 318,365 99,502 49,751 1992 1,061,875 387,926 673,949 505,216 252,608 1993 1,133,516 518,380 615,136 559,915 279,958 1994 1,326,824 730,270 596,554 589,802 294,901 1995 1,337,133 860,768 476,365 613,290 306,645 1996 2,194,419 1,005,578 1,188,841 637,822 318,911 1997 2,210,732 1,136,032 1,074,700 863,246 431,623 1998 2,274,894 1,266,486 1,008,408 863,246 431,623 1999 2,339,058 1,356,940 982,118 863,246 431,623 2000 2,495,306 1,492,528 1,002,778 863,246 431,623 2001 2,942,340 1,583,761 1,358,579 863,246 431,623 2002 3,021,643 1,754,993 1,266,650 863,246 431,623 2003 3,018,355 1,808,656 1,209,699 863,246 431,623 2004 3,174,682 1,866,674 1,308,008 863,246 431,623 2005 3,170,369 1,920,336 1,250,033 863,246 431,623 2006 3,363,940 1,924,019 1,439,921 863,246 431,623 2007 3,435,563 1,927,701 1,507,862 863,246 431,623 2008 3,597,806 1,935,740 1,662,066 863,246 431,623 2009 3,579,897 1,939,422 1,640,475 863,246 431,623 TOTAL 47,452,064 25,652,214 21,799,850 14,227,745 7,113,873 ---------- ---------- ---------- ---------- ---------. ---------- ---------- ---------- ---------- ---------- AGREEMENT THIS AGREEMENT is made by and between Pioneer Trust Company of Arizona as Trustee under Trust Numbers 11,900 and 11,901 ("the Trusts") and the Town of Marana, Arizona ("Marana") with reference to the facts set forth below: A. The Trusts are the owners of the real property described on the attached Exhibit A ("Property"). The Property is not presently within the town limits of Marana and its location is as depicted on the map attached hereto as Exhibit B. B. The Trusts desire to have the Property annexed into the Town of Marana. Marana anticipates that it will derive substantial economic and other benefits as a result of such annexation by virtue of the development and improvement of the Property as contemplated by the Trusts, all in accordance with the Marana General Plan. C. . The nature and extent of the proposed development of the property consistent with the General Plan depicted on the map attached hereto as Exhibit C is such that revenues are anticipated to be generated which shall accrue to the direct economic benefit of Marana. D. In order to enhance and accelerate the benefits to Marana by virtue of annexation of the Property, Marana desires the Trusts to construct certain public improvements upon the Property and in the vicinity of the Property as described on Exhibit D attached hereto, which improvements will benefit Marana and its residents. E. reasons of the parties In reliance upon and for the set forth above, and in consideration covenants set forth herein, the hereto agree as follows: 1. Annexation. Simultaneously with the execution of this Agreement, the Trusts shall submit to Marana a petition for annexation of the Property and certain adjacent property for inclusion within the town limits of Marana. Thereafter, if the petition is legally sufficient, Marana shall undertake to perform all necessary acts and procedures in order that the Property is annexed and included within the town limits of Marana. 2. Improvement Districts. Upon the request of the Trusts (and upon approval by Marana of the contemplated improvements and upon the concurrence of the Marana Town Council of the propriety of an improvement district), Marana shall initiate and pursue appropriate proceedings for the creation and establishment of improvement districts that benefit the Property and/or other areas of Marana and shall further assist and cooperate with the Trusts in the creation and establishment of such improvement districts when requested by the Trusts provided, however, that any and all such improvement districts shall be established in accordance with applicable law. 3. Fair Share Ordinance. Within three years following the annexation of the-Property and subject to approval by the Town Council, Marana agrees to develop and adopt in accordance with all applicable laws and such terms and conditions as are deemed reasonable by Marana a "Fair Share" ordinance consistent with the following existing Marana General Plan policy: "To provide developers with a reimbursement mechanism to ensure pay back of public improvements". In accordance with this proposed ordinance, any owner seeking to obtain development approvals within Marana shall, as a condition thereof, be required to reimburse a fair share (as determined by Marana) of the costs of any roadway, water, sewer, drainage or other improvements previously constructed or installed by private developers which benefit the property for which development approval is sought. In the event the Trusts receive any fair share payments from any private developers on account of the improvements described on the attached Exhibit D, then Marana shall be entitled to an offset in a like amount with respect to the reimbursements owed by Marana to the Trusts hereunder. 4. Improvements. The parties hereto recognize and acknowledge that the development of the Property and the resulting augmentation of commercial and residential activities upon and about the Property which directly benefit Marana will increase the traffic flow upon certain arterial roadways. The parties hereto further acknowledge that such development shall increase the need for construction of the planned "Community Loop" roadway designated as "Tortolita Parkway" within the Marana General Plan, along with related improvements on Tangerine Road and a major collector street from the proposed hotel to the Tortolita Parkway. The parties hereto also recognize and acknowledge that Marana does not have the current financial capacity to construct the necessary public roadway improvements upon and about the Property. Accordingly, following annexation of the Property, the Trusts intend (but are not required) to construct in phases the public improvements described on the attached Exhibit D from time to time (and such other roadway improvements as are mutually approved by Marana and the TrustS) and to dedicate same for the use and benefit of the residents of Marana and the public at large. Because of the benefit to the 2 public health, welfare and safety if such public improvements are constructed and because of the increase in Marana's revenues which will result from sources located upon or about the Property, Marana will establish a funding mechanism and shall reimburse the Trusts in full upon request of the Trusts for all actual out of pocket costs and expenses incurred in the construction of such public improvements subject, however, to the conditions and limitations set forth below: A. Marana shall not be required to reimburse the Trusts for any portion of such public improvements unless a luxury resort hotel of no less than 200 rooms with related recreational facilities has previously been completed and is operating on .the Property and within the town limits of the Town of Marana. B. The reimbursement funding mechanism and source of funds shall not be designated at this time but the funds may be derived from one or more of the following sources: 1. A Municipal Property Corporation; 2. Sales Taxes; 3. A Highway Users Funds; 4. Local transportation assistance funds; and 5. Other development related funds. C. At the time of any requests for reimbursement hereunder, Marana shall not be required to reimburse the Trusts for any amount in excess of one-half (1/2) of the amount of all transaction privilege taxes and sales taxes previously received by Marana in the fiscal year from room charges, golf charges, food and beverage and retail sales at the hotel facility described in subparagraph A above less all prior reimbursements hereunder. Requests for reimbursement shall be made once per fiscal year no later than April 1, and shall be paid in the next fiscal year. D. The reimbursement amount shall be based upon an engineer's certification of the actual construction cost of the improvements made by the Trusts. The engineer shall be mutually approved by the Trusts and Marana and approval shall not be unreasonably withheld. E. No reimbursement shall exceed the outstanding balance of the unreimbursed construction cost of the improvements. 3 F. Marana shall not be required to pay any further reimbursements from and after the twentieth (20th) anniversary of the complete execution of this Agreement irrespective of whether or not the Trusts have by then been reimbursed in full for the construction of the public improvements. G. Marana shall not be required Trusts for any portion of such public located within the town limits of Marana improvements are constructed. to reimburse the improvements not at the time such 5. Development Agreement. Marana and the Trusts shall enter into a Development Agreement pursuant to Section 2 of Chapter 320, Laws 1988, relating to the Property and providing for the creation of a Community Facilities District, pursuant to Section 3 of Chapter 320, Laws 1988, to implement a general (infrastructure) plan, which plan is to be approved by the Marana Town Council. The Development Agreement and general (infrastructure) plan shall provide that the Community Facilities District is empowered to provide for water systems, sanitary sewage systems, drainage and flood control systems, and roadways and parking facilities to the extent provided by law, pursuant to Section 3 of Chapter 320, Laws 1988, together with any and all other public infrastructure which may be mutually agreed upon between the parties. The Development Agreement shall further provide that the Community Facilities District will have a Board of Directors appointed by the Town Council. The Development Agreement shall also incorporate by reference the terms of this Agreement. 6. Specific Plan. On or before March 15, 1989 or sixty (60) days from the date that the annexation becomes final whichever is later, the Trusts shall file a proposed Specific Plan for the Property consistent with and implementing the Marana General plan dated July 7, 1987. On or before December 1, 1989, Marana shall approve and adopt a Specific plan for the Property consistent with that General Plan and until that date Marana agrees not to amend or alter that portion or portions of the General plan applicable to the Property. Upon approval of the Specific Plan, the Trusts and Marana shall enter into a second Development Agreement, pursuant to Section 2 of Chapter 320, Laws 1988, incorporating the Specific Plan. 7. Indemnity. The Trusts hereby agree to indemnify, defend and hold harmless Marana from and against any expense or liability including attorneys fees incurred by virtue or in connection with the assertion of any claim or lawsuit brought by or on behalf of any party which may contest or challenge the validity or enforceability of any term or provision of this Agreement or the annexation contemplated hereby. In the event of any such lawsuit, Marana hereby irrevocably consents to the 4 intervention of the Trusts in such lawsuit as a real party in interest. 8. Miscellaneous. In the event of any default or other non-performance of any term or provision of this Agreement, the non-defaulting party shall be entitled to all remedies of enforcement, including the right of specific performance and damages, as well as all other rights and remedies at law and in equity. In the event of any litigation to enforce the terms of this Agreement, the prevailing party shall be entitled to recover its costs, expenses and reasonable attorneys fees. The parties hereto acknowledge and agree that this Agreement shall not require the Trusts to plan, zone or develop the Property or any portion thereof in any particular manner or fashion provided, however, that in the event the hotel facility described in paragraph 4A is not completed and made operational within the town limits of the Town of Marana, then Marana shall have no obligation to reimburse the Trusts for any public improvements constructed by the Trusts. Any permitted by United or may be notice, demand or other communication required or in connection with this Agreement shall be transmitted states mail, postage prepaid, certified or registered, personally delivered, addressed as follows: To Marana: Town of Marana 12775 N. Sanders Road Marana, Arizona 85653 ATTN: Town Manager To the Trusts: Pioneer Trust Nos. 11,900 and 11,901 c/o Tortolita Mountain Properties Limited Partnership 1760 E. River Road, Suite 103 Tucson, Arizona 85718 ATTN: John B. Story Copy to: Cottonwood Properties, Inc. 3561 E. Sunrise Dr., Suite 233 Tucson, Arizona 85718 ATTN: George Mehl All notices, demands and other communications shall, if personally delivered, be effective upon receipt and, if mailed, be effective seventy-two (72) hours after first being postmarked in the United States of America. Any person entitled to receive copies of notices, demands or other communications may change the address of delivery by giving written notice thereof in the manner herein prescribed for giving notice. 5 The effective date of this Agreement shall be the date upon which the Property is annexed and included within the town limits of Marana provided, however, that in the event the Property is not annexed within six (6) months of the date of the complete execution hereof, then this Agreement shall be null and void and of no further force or effect. The parties hereto agree to execute such further and additional documents, instruments and writings as may be necessary, proper, required, desirable or convenient for the purpose of fully effectuating the terms and provisions of this Agreement. This Agreement benefit of the parties beneficiaries, personal in interest and assigns. shall be binding upon and enure to the hereto and their respective heirs, representatives, successors, successors Time is of the essence of this Agreement. In the event of any ambiguity, this Agreement shall not be construed against any party hereto on account of such party having prepared any draft or final version hereof. AGREED TO on the dates set forth opposite the signatures below. Date :' /l / / ;/'\"V 'i r L .." I f<;:',..,f/ i (! I c ~ (, Date: fiL i Date: 'ft~ j' l'/ tf ;;,.:- L) (f , / THE TRUSTS: PIONEER TRUST COMPANY OF ARIZONA, as_ Tru tee under Trust Nos. 11,900 '/,-,~,n,_""d,.",},,_, ',.,:9G"l,a",S,~,Tr ;;',e, ",o,',n""l",Y and not c. c <~;c::'; [~{;:ra. ~FP,a~~l~; Its: Trust Officer (/ 6 Date: 'b -2- ~~ L--- A TEST TO: Date!J;~A7A~d. ~/9ff ~~~;?;J; ~~/jj1Jf: =r=-= Town Cl~;iP . ~. . ~r---- WJH:as/080188/20a.137 7 "EXHIBIT A" LEGAL DESCRIPTION A portion of Sections 24, 26 and 35, Township 11 South, Range 12 East1 all of Section 25, Township 11 South, Range 12 East1 and a portion of section 19, Township 11 South, Range 13 East, Gila & Salt River Base & Meridian, Pima County, Arizona, being more particularly described as followS1 Beginning at - the Southeast corner of said Section 35, said point being the TRUE POINT OF BEGINNING1 THENCE North 89 degrees, 58 minutes, 51 seconds West, upon the South line of said Section 35, a distance of 1,134.22 feet1 THENCE North 00 degrees, with the East line of said feet1 07 minutes, 05 seconds East, parallel Section 35, a distance of 2,636.06 THENCE South 89 degrees, of 350.64 feet1 10 minutes, 36 seconds West, a distance THENCE North 00 degrees, 07 minutes, 05 seconds East, parallel with said East line, a distance of 2,652.75 feet to the North line of said Section 35 and the South line of said Section 261 THENCE North 89 degrees, 10 minutes, 36 seconds East, upon the South line of Section 26, a distance of 1nO.27 feet1 THENCE North 00 degrees, 01 minutes, 50 seconds West, a distance of 1,319.90 feet1 THENCE North 89 deg~ees, 27 minutes, 00 seconds East, a distance of 1,324.72 feet to the East line of said Section 261 THENCE North 00 degrees, 01 minutes, 40 seconds West, upon said East line, a distance of 1,313.58 feet to the East quarter corner of said Section 261 THENCE North 00 degrees, 00 minutes, 22 seconds West, upon said East line, a distance of 2,634.94 feet to the Northeast corner of said Section 26 and the Southwest corner of said Section 241 Page 1 LEGAL DESCRIPTION (Continued) THENCE North 00 degrees, 01 minutes, 15 seconds East, upon the West line of said Section 24, a distance of 2,640.50 feet to the West quarter corner of said Section 24: THENCE North 00 degrees, 06 minutes, 46 seconds West, upon the West line of said Section 24, a distance of 666.04 feet: THENCE North 30 degrees, 00 minutes, 00 seconds East, a distance of 721.58 feet: THENCE North 00 degrees, 06 minutes, 46 seconds West, parallel with said West line, a distance of 1,344.45 feet to the North line of said Section 24: THENCE South 60 degrees, 00 minutes, 00 seconds East, a distance of 1,734.26 feet: THENCE South 00 degrees, 00 minutes, 00 seconds East, a distance of 877.86 feet: THENCE South 60 degrees, 00 minutes, 00 seconds East, a distance of 900.00 feet: THENCE North 00 degrees, 00 minutes, 49 seconds West, a distance of 2,185.84 feet to said North line of Section 24: THENCE South 89 degrees, 49 minutes, 06 seconds East, upon said North line, a distance of 2,643.18 feet to the Northeast corner of said Section 24: THENCE South 00 degrees, 12 minutes, 22 seconds West, upon the East line of said Section 24, a distance of 315.70 feet to the Northwest corner of said Section 19: THENCE North 89 degrees, 58 minutes, 58 seconds East, upon the North line of said Section 19, a distance of 2,534.75 feet to the Northeast corner of the Northwest Quarter (NW 1/4) of said Section 19: THENCE South 00 degrees, 05 minutes, 35 seconds West, a distance of 2,638.79 feet to the Northwest corner of the Southeast Quarter (SE 1/4) of said Section 19: THENCE North 89 degrees, 57 minutes, 19 seconds East, upon the North line of said Southeast Quarter (SE 1/4), a distance of 2,635.31 feet to the Northeast corner of the Southeast Quarter (SE 1/4) of said Section 19: Page 2 LEGAL DESCRIPTION (Continued) THENCE South 00 degrees, 04 minutes, 12 seconds West, upon the East line of said Southeast Quarter (SE 1/4), a distance of 2,636.21 feet to the Southeast corner of said Section 19~ THENCE South 89 degrees, 50 minutes, 47 seconds West, upon the South line of said Section 19, a distance of 2,636.39 feet to the Southeast corner of the Southwest Quarter (SW 1/4) of said Section 19~ THENCE South 89 degrees, 59 minutes, 56 seconds West, upon said South line, a distance of 2,542.63 feet to the Southwest corner of said Section 19 on the east line of said Section 25~ THENCE South 00 degrees, 02 minutes, 15 seconds West, upon said East line of said Section 25, a distance of 2,319.49 feet to the Northeast corner of the Southeast Quarter (SE 1/4) of said Section 25~ THENCE continue South 00 degrees, 02 minutes, 15 seconds West, upon the East line of said Southeast Quarter (SE 1/4), a distance of 2,631.83 feet to the Southeast corner of said Section 25~ THENCE North 89 degrees, 43 minutes, 06 seconds West, upon the South line of said Section 25, a distance of 2,629.72 feet to the Southeast corner of the Southwest Quarter (SW 1/4)~ THENCE continue North 89 degrees, 43 minutes, 06 seconds West, a distance of 2,629.73 feet to the Southwest corner of said Section 25 and the Northeast corner of said Section 35~ THENCE South 00 degrees, 07 minutes, 05 seconds West, upon the East line of said Section 35, a distance of 2,652.75 feet to the Northeast corner of the Southeast Quarter (SE 1/4) of said Section 35~ THENCE South 00 degrees, 07 minutes, 05 seconds West, a distance of 2,652.74 feet to the TRUE POINT OF BEGINNING. Excepting the southeast quarter of the southeast quarter of the southeast quarter of Section 26, Township 11 South, Range 12 East, Gila and Salt River Base and Meridian, Pima County, Arizona. Said land contains 1,867.9 acres, more or less. Page 3 , '. , , B::!!!:!!!:!!!:!:!::!:!::I!:::::!:::I:!:!::::::ii:1::::\\:::1::' ................................... C') C\J EXHIBIT B o (Y) <0 C\J [[02 o LU 0 LL(f)- <(0':;: Wll.X o:OW <(o:Z o..z <( . ,.- C') o <{ o a: w z rr. lU (9 Z <{ .- \0 (Y) lO C') EXHIBIT C ANNEXA l"ION BOUNDJ.\RY J. \ '" \t , " : 1 3END lhl9hbnrhood Co",...rcl_./llet.11 Public SIH"JC.. or' Ice'" .,...1 o"el ~ Oe..elor..nt S....ltl... Ar... .uTel I" Cheree:tu' HI.th,.1 V.ry Lov O.flejti.. lell/et.flnO' Ope.. Spec. Corr Idor ....I..I"etl". '.c...tlo.. Yr....r.r Den.lt.I.. [or Pr...rY.llon ,~~[ c, 1 He..... T".." r,,,.. I ;~;,;; I !;I'." 1.1 "l'l'n,' "",. .... 3 VIII.~. Cor.... Gu"". "...."t.1 PubJlr-/Ou..I-rut>llc I.and 11..... Co.....cl.1 r,... ..de.. ",...1<1""1 \_1 Ufol....". r'rl,"'u.,I'I.. 51'.'1,1'\ ('"..I, ,.,,' 5 t .. t.. I) f t h ~ A. \ O..tlnet 10" f1".", t.. SI,.'-I'I... ,'t... I'..' 0".'"'' lor .... 3 "r.'er'.oJ D....I..,......-. r:.......I n,...., I"t..... '..Id","tlll O....lop.."" r~ 1., to '111.9. Cor. COnl;.Pt. t..:::.:...-:.: "od.r.t. to Hlth De"",lt, Tre"eportoetlon Corrldor/J1I..,,(t Ve. r lONt ~~l Ho.ldl'''~ Z"", P 1,... 1 Air P.rk l;~t~r_.y'J I~l..q"'l ,,,.....,,,,.~ ..,..I ~,... 1"1..... Lu~~:~:.:__] J..l"l I'l."""~ ,,,,,,. t. ._ __' J r...dl"';l flt .tn.';l. C;. u"~ A,,,. L::.::::J ,.,."....., ""... r..' """"" :3 0....10,..."\ [......lop.. o lUqlhl, Vrb.nllud Corridor o 1...(Iu.<trl.l/B.....".". F.rk./OI"~rlbutio" o Option.l 1l..lehntht Opportu"lth' o Hot",1& o ...,loNl 'hoPl'J,., c_t.u o Option" Co..,releJ oppor~"nltl'ol ii3 op." 5".,... t"" 1<1,,, 'rJ.ull.. 1I..id.r.tS,) "od.,.t. tn Low D....it;I.. ~.o"'[ r: Airport Corridor Clu.t"ln, L-..J .upport.ir., U... 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