HomeMy WebLinkAboutResolution 99-080 release of assurances for silverbell hills estatesMARANA RESOLUTION NO. 99-80
A RESOLUTION OF TIlE MAYOR AND COUNCIL OF THE TOWN OF MARAN& ARIZONA,
AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT BETWEEN AVRA
PLANTATION, INC., A CORPORATION, AND FIDELITY NATIONAL TITLE AGENCY, INC.,
AN ARIZONA CORPORATION, FOR LOTS 1 THROUGH 73 AND COMMON AREA A AND
ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN SILVERBELL HILLS
ESTATES.
WHEREAS, Silverbell Hills Estates is a subdivision located west of Silverbell Road and
north of Sunset Road containing Lots 1 through 73 and Common Area A, (110.82 acres), and is
recorded at the Pima County Recorderjs Office. in Book 48 of Maps and Plats, Page 75; and
WHEREAS, the Town has previously entered into an Assurance Agreement with Avra
Plantation, Inc., a corporation, (beneficiary) under Trust No. 10,703 and Fidelity National Title
Agency, Inc., an Arizona Corporation (trustee), recorded at the Pima County Recorder's Office at
Docket 10756, Page 59 assuring the completion of public improvements; and
WHEREAS, Avra Plantation, Inc., a corporation, has fulfilled its obligation under the
Assurance Agreement for Lots 1 through 73 and Common Area A (open space) and has requested
to be released from the Assurance Agreement; and
WHEREAS, the release of assurances for the reasons set forth above and the aft'm-nation of
responsibility for maintenance of public improvements and streets is in the best interests of the
residents of the Town of Marana.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana
as follows:
Lots 1 through 73 and Common Area A (open space) in Silverbell Hills Estates are
released from the Assurance Agreements subject to the following conditions:
None
The Town accepts for maintenance 1.70 miles of the following paved streets and their
associated appurtenances:
a. Mallow Lane
b. Desert Zinnia Drive
c. Killdeer Drive
d. Cosmos Place
e. Cotton Place
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Mararia, Arizona Resolution No. 99-80
3. The Town accepts for maintenance drainage easements as noted on final the plat.
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
20TM day of July, 1999.
ATTEST:
APPROVED AS TO FORM: ~...~
D ~iel j. Hoc~hu'~~
As Town Attorney and not personally
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Marana, Arizona Resolution No. 99-80