HomeMy WebLinkAboutResolution 2002-062 release of assurance for cortaro ranch phase IIIMARANA RESOLUTION NO. 2002-62
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA,
ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT
BETWEEN RICHMOND AMERICAN HOMES, FIDELITY NATIONAL TITLE AGENCY,
AND TOWN OF MARANA FOR LOTS 37-70, 79-96 & 98-106, AND ACCEPTING FOR
MAINTENANCE THE PUBLIC IMPROVEMENTS IN CORTARO RANCH PHASE III.
WHEREAS, Cortaro Ranch Phase III is a · . ·
14 acre subdivision located north of Cortaro Farms
Road and west of Hartman Lane containing Lots 37-70, 79-96 & 98-106 on Exhibit A and
incorporated herein by this reference, and recorded at the Pima County Recorder's Office in Book 51
of Maps and Plats, Page 6; and
WHEREAS, the Town has previously entered into an Assurance Agreement between
Richmond American Homes, (beneficiary) under Trust No. 30,061 and Fidelity National Title
Agency, (trustee), recorded at the Pima County Recorder's Office at Docket 11272, Page 1298
assuring the completion of public improvements; and
WHEREAS, Richmond American Homes, has completed the public improvements
acceptable to Town standards in accordance with the Assurance Agreement for Cortaro Ranch Pase
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana
as follows:
Section 1. Cortaro Ranch Phase III, lots 37-70, 79-96 & 98-106 are herebyreleased fi.om
the Assurance Agreement between Richmond American Homes, under Trust No. 30,061, and
Fidelity National Title Agency.
Section 2. The Town accepts for maintenance, including maintenance of regulatory
traffic control and street signs, 0.60 miles of paved streets for the following appurtenances, as
depicted on Exhibit A:
· Acre Drive
· Canal Court
· Carriage Drive
· Cerius Stravenue
· Pond Drive
· Red Rock Ridge Drive
· Red Rock Ridge Court
Ma.ram, Arizona Resolution No. 2002411 Page I of 2
7th PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
day of May, 2002.
ATTEST:
o Esq.
As Town Attorney ~d not personally
Marana, Arizona Resolution No. 2002-01 Page 2 of 2
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