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HomeMy WebLinkAbout04/18/2006 Blue Sheet Gladden Farms Block 4 Release of Assurances TOWN COUNCIL MEETING INFORMATION MEETING DATE: April 18, 2006 TOWN OF MARANA AGENDA ITEM: I. 1 TO: MAYOR AND COUNCIL FROM: Keith Brann, P.E., Town Engineer AGENDA TITLE: Resolution No. 2006-51: Relating to Development; approving and authorizing a Release of Assurances for Gladden Farms - Block 4 and acceptance of public improvements for maintenance. DISCUSSION This release of the Assurance Agreement between US Home Corporation, a Delaware corporation under Trust No. 844 and Title Security Agency of Arizona, an Arizona corporation, and Gladden Forest, L.L.C., an Arizona limited liability company under Trust No. 30,212 and Fidelity National Title Company, Inc., an Arizona Corporation and the Town of Marana, relates to Gladden Farms - Block 4, as depicted on Exhibit A. Gladden Farms - Block 4 is comprised oflots 1-47 and common areas 'A' through 'C'. In releasing said Assurance Agreement, the Town of Marana will accept for maintenance, including regulatory traffic control signs and street signs, approximately 0.20 miles of the following paved streets: . Coy Farms Way . Kalamansi Drive . Minneola Drive . Quill Drive . Rangpur Drive . Satsuma Drive ATTACHMENTS · Exhibit A - Map of streets to be accepted RECOMMENDATION Staff recommends Mayor and Council Release the Assurances for Gladden Farms - Block 4 and accept the public improvements for maintenance. SUGGESTED MOTION I move to approve Resolution No. 2006-51. Gladden Farms - Block 4, Full Release MARANA RESOLUTION NO. 2006-51 RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING A RELEASE OF ASSURANCES FOR GLADDEN FARMS - BLOCK 4, AND ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR MAINTENANCE. WHEREAS, Gladden Farms - Block 4 is a 14.91 acre subdivision located west of Lon Adams Road and north of Gladden Farms Drive, containing lots 1-47, common areas A through C, and is recorded at the Pima County Recorder's Office in Book 58 of Maps and Plats, Page 18; and WHEREAS, the Town has previously entered into an Assurance Agreement with US Home Corporation, a Delaware corporation (beneficiary) under Trust No. 844 (subdivider) and Title Security Agency of Arizona, an Arizona corporation, (trustee), recorded at the Pima County Recorder's Office at Docket 12399, Page 2548, and with Gladden Forest, L.L.c., an Arizona limited liability company (beneficiary) under Trust 30,212 (subdivider) and Fidelity National Title Company, Inc., an Arizona Corporation (trustee), recorded at the Pima County Recorder's Office at Docket 12262, Page 3142, assuring the completion of public improvements; and WHEREAS, US Home Corporation, has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Gladden Farms - Block 4; and NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. Gladden Farms - Block 4 is hereby released from the Assurance Agreement with US Home Corporation under Trust No. 844 and Title Security Agency of Arizona, and from the Assurance Agreement with Gladden Forrest, L.L.c., under Trust No. 30,212 and Fidelity National Title Agency, Inc. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 0.20 miles of paved streets for the following appurtenances, as depicted on Exhibit A: a. Coy Farms Way b. Kalamansi Drive c. Minneola Drive d. Quill Drive e. Rangpur Drive f. Satsuma Drive Marana Resolution No. 2006-51 Page 1 of 2 PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 18th day of April, 2006. Mayor Ed Honea. ATTEST: APPROVED AS TO FORM: Jocelyn C. 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