HomeMy WebLinkAboutResolution 2000-077 substitute assurances for cortaro ranchMARANA RESOLUTION NO. 2000-77
A RESOLUTION OF THE MAYOR AND TOWN COUNCIL OF THE TOWN OF MARANA,
ARIZONA, AUTHORIZING THE ACCEPTANCE OF SUBSTITUTE ASSURANCES FOR LOTS
293-297 OF CORTARO RANCH, AS RECORDED IN BOOK 51 AT PAGE 6 OF MAPS AND
PLATS
WHEREAS, the Town of Marana desires to ensure that major roadway improvements are
developed in an orderly fashion on thd Town's arterial street network; and
WHEREAS, the developer of Cortaro Ranch has an obligation to satisfy conditions of zoning
relating to the provision of major roadway improvements; and
WHEREAS, the Town and the developer of Cortaro Ranch will jointly benefit from the
development of the Cortaro Farms Road widening project; and
WHEREAS, the Town and the developer of Cortaro Ranch will jointly benefit from the
release of the commercial lots within the Cortaro Ranch project, enabling the further development
of businesses within the Town; and
WHEREAS, it is in the best interest of the citizens of the Town of Marana to improve the
capacity of the Town's existing arterial roads through development of additional travel lanes and
traffic control devices thereon.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of
Marana, Arizona, that the Substitution of a Performance Bond in the Amount of $215,570 for the
assurances associated with Lots 293-297 of Cortaro Ranch (BK 51, Pg 6) is accepted, and the Town
Engineer is authorized to execute a Partial Release of Assurances for the subject lots.
Marana, Arizona Resolution No. 99-09 Page 1 of 2
5th
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
day of, July ,2000. . ~.~~~
May~fSutton, Jr.
ATTEST:
Clerk
APPROVED AS TO FORM:
Daniel~. I~c~
Town Attorney
Marana, Arizona Resolution No. 99-09 Page 2 of 2