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HomeMy WebLinkAbout01/03/2006 Blue Sheet Continental Reserve Phase I and 2 Release TOWN COUNCIL MEETING INFORMATION TOWN OF MARANA MEETING DATE: January 3,2006 AGENDA ITEM: 1.2 TO: MAYOR AND COUNCIL FROM: Keith Brann, P.E., Acting Town Engineer THROUGH: H. Thomas Gill, Jr., Director of Public Works AGENDA TITLE: Resolution No. 2006-02: Relating to Development; approving and authorizing a release of assurances for Continental Reserve - Phase I & II -- and acceptance of public improvements for maintenance. DISCUSSION Adoption of this resolution will release the Assurance Agreement between Continental Reserve II, an Arizona Limited Liability Company under Trust No. 30,121 and Fidelity National Title Agency, Inc., and the Town of Marana, regarding Continental Reserve - Phase I & II as depicted on Exhibit A. Continental Reserve - Phase I & II is comprised of blocks 1-20 of Continental Reserve. The subdivision is recorded in Book 53 of Maps and Plats, Page 35, Pima County Recorders Office, Arizona. In releasing said Assurance agreement, the Town of Marana will accept for maintenance, including regulatory traffic control signs and street signs, approximately 2.50 miles of the following paved streets: · Continental Reserve Loop Road · Pima Farms Road · Pima Reserve Drive ATTACHMENTS Exhibit A - Map of streets accepted RECOMMENDA TION Staff recommends Mayor and Council release the Assurances for Continental Reserve - Phase I & II -- and accept the public improvements for maintenance. SUGGESTED MOTION I move to approve Resolution No. 2006-02. Continental Reserve Phase 1&2 Full Release 2/24/20041:33 PM FJC MARANA RESOLUTION NO. 2006-02 RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING A RELEASE OF ASSURANCES FOR CONTINENTAL RESERVE - PHASE I & II -- AND ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR MAINTENANCE. WHEREAS, Continental Reserve is a 597.75 acre subdivision located northwest of Wade Road and south of Silverbell Road, containing Blocks 1 through 20, common areas A, B & C, and is recorded at the Pima County Recorder's Office in Book 53 of Maps and Plats, Page 35; and WHEREAS, the Town has previously entered into an Assurance Agreement with Continental Reserve II, an Arizona Limited Liability Company, (beneficiary) under Trust No. 30,121 (subdivider) and Fidelity National Title Agency, Inc., (trustee), recorded at the Pima County Recorder's Office at Docket 11441, Page 1504, assuring the completion of public improvements; and WHEREAS, Continental Reserve II, LLC, has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Continental Reserve Loop - Phase I & II. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. Continental Reserve, Blocks 1 through 20 are hereby released from the Assurance Agreement with Continental Reserve II, LLC. under Trust No. 30,121, and Fidelity National Title Agency, Inc. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 2.50 miles of paved streets for the following appurtenances, as depicted on Exhibit A: a. Continental Reserve Loop Road b. Pima Farms Road c. Pima Reserve Drive Marana Resolution No. 2006-02 Page 10f2 PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 3rd day of January, 2006. ATTEST: Mayor Ed Honea APPROVED AS TO FORM: Jocelyn C. 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