HomeMy WebLinkAboutResolution 97-079 agreement with trico electric and Chicago tTitleMARANA P,F~OLUTION NO. 97-79
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA,
ARIZONA, AUTHORIZING TI-IE TOWN TO ENTER INTO AN AGI~ .I~WIENT WITH TRICO
ELECTRIC COOPERATIVE, INC. AND CHICAGO TITLE INSURANCE COMPANY TRUST
NOS. 11268 AND 11484 PROVIDING FOR THE TOWN'S ACCEPTANCE OF THE ACCESS
ROAD CONNECTING THE 1-10 FRONTAGE ROAD AND 1NA ROAD TO BE
CONSTRUCTED ON TRICO/CHICAGO TITLE TRUSTS PROPERTY IN EXCHANGE FOR
TOWN MAINTENANCE OF TI-IE COMPLETED ROADWAY.
WHEREAS, Trico Electric Cooperative, Inc. ("Trico') and Chicago Title Insurance Co.,
Trust Nos. 11268 and 11484 ('Chicago Title Trusts') own property within the Town limits upon
which Trico and Chicago Title Trusts desires to build an access road to join the currently existing
1-10 frontage road to Ina Road; and
WHEREAS, Trico and Chicago Title Trusts intend to enter into an Agreement with the
Town to designate the access road as a dedicated public right-of-way in exchange for the Town's
maintenance of the completed roadway, and it would be in the best interests of the Town to enter
into such Agreement.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of
Mararia, Arizona, authorizing the Town to enter into the Agreement with Trico and Chicago Title
Trusts, attached hereto as Exhibit A, providing for the Town's acceptance of the access road
connecting the 1-10 frontage road and Ina Road to be constructed on Trico/Chicago Title Trusts'
property in exchange for Town maintenance of the completed roadway.
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Axizona,
this 5"' day of August, 1997.
~el L Hochuli Town Attorney
Marana, Arizona Resolution No. 9%79 Page 1 of 1