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Home My WebLink About05/02/2006 Blue Sheet Continental Reserve Block 9 Release of Assurances TOWN COUNCIL MEETING INFORMATION MEETING DATE: TOWN OF MARANA May 2, 2006 AGENDA ITEM: 1.2 TO: MAYOR AND COUNCIL FROM: Keith Brann, P.E., Town Engineer AGENDA TITLE: Resolution No. 2006-58: Relating to Development; approving and authorizing a release of assurances for Continental Reserve - Block 9 and acceptance of public improvements for maintenance. DISCUSSION Approval of Resolution No. 2006-58 will release the following Assurance Agreement regarding Continental Reserve - Block 9 as depicted on Exhibit A. Continental Reserve Block 9 is comprised oflots 1-165 and common areas 'A' through 'K'. In releasing said Assurance Agreement, the Town of Marana will accept for maintenance, including regulatory traffic control signs and street signs, approximately 1.25 miles ofthe following paved streets: Crested Quail Drive Crimson Ridge Drive Crimson Sky Drive Rocky Brook Drive Rosarita Place Sand Flower Road Shining Amber Lane Siesta Rock Drive The Town of Marana will also accept for maintenance, including hydrants, valves and meters, a potable water system servicing the block as depicted on design plans on file with the Town. ATTACHMENTS Exhibit A - map of streets to be accepted. RECOMMENDATION Staff recommends that Mayor and Council release the Assurances for Continental Reserve Block 9 and accept the public improvements for maintenance. SUGGESTED MOTION I move to approve Resolution No. 2006-58. Release of Assurances Block 9 Continental Reserve MARANA RESOLUTION NO. 2006-58 RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING A RELEASE OF ASSURANCES FOR CONTINENTAL RESERVE - BLOCK 9 AND ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR MAINTENANCE. WHEREAS, Continental Reserve - Block 9 is a 37.645 acre subdivision located east of Continental Reserve Loop and at Pima Farms Drive, containing lots 1-165, common areas A through K, and is recorded at the Pima County Recorder's Office in Book 55 of Maps and Plats, Page 80; and WHEREAS, the Town has previously entered into the following Assurance Agreement assuring the completion of public improvements; and · Assurance Agreement between Taro Properties Arizona I, LLC, an Arizona limited liability company, (beneficiary) under Trust No. 4942 (subdivider) and First American Title Insurance Company, a California corporation, (trustee) and the Town of Marana for lots 1-165 and common areas A - K, recorded at the Pima County Recorder's Office at Docket 11767, Page 5452. · Assurance Agreement between GMAC Model Home Finance, Inc., a Virginia corporation, (beneficiary) under Trust No. 4916 (subdivider) and First American Title Insurance Company, a California corporation, ( trustee) and the Town of Marana for lots 151, 152 & 153, recorded at the Pima County Recorder's Office at Docket 11879, Page 3409. · Assurance Agreement between Monterey Home Construction, Inc., an Arizona corporation, (beneficiary) under Trust No. 4891 (subdivider) and First American Title Insurance Company, a California corporation, (trustee) and the Town of Marana for lots 5, 6, 9, 10 & 14, recorded at the Pima County Recorder's Office at Docket 11835, Page 1230. · Assurance Agreement between Monterey Home Construction, Inc., an Arizona corporation, (beneficiary) under Trust No. 4891 (subdivider) and First American Title Insurance Company, a California corporation, (trustee) and the Town of Marana for lots 8, 15, 72, 75 & 78 and common areas A - K, recorded at the Pima County Recorder's Office at Docket 11870, Page 3461. · Assurance Agreement between Monterey Home Construction, Inc., an Arizona corporation, (beneficiary) under Trust No. 4891 (subdivider) and First American Title Insurance Company, a California corporation, ( trustee) and the Town of Marana for lots 7, 11 , 12, 13 & 69, recorded at the Pima County Recorder's Office at Docket 11870, Page 3461. Marana Resolution No. 2006-58 Page 1 of 2 . Assurance Agreement between Taro Properties Arizona I, LLC, an Arizona limited liability company, (optionor) and Monterey Horne Construction, Inc., an Arizona corporation (optionee) under Trust No. 4942 (optionor trust) and 4891 (optionee trust) and First American Title Insurance Company, a California corporation, (trustee) and the Town of Marana for lots 16, 20, 22, 23, 32-61, 63, 64, 80, 83-85, 87-89, 91, 94-150, & 154-165, recorded at the Pima County Recorder's Office at Docket 12071, Page 4519. WHEREAS, Pulte Homes Corporation, has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Continental Reserve - Block 9; and NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. Continental Reserve - Block 9 IS hereby released from the below mentioned Assurance Agreement. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 1.25 miles of paved streets for the following appurtenances, as depicted on Exhibit A: a. Crested Quail Drive b. Crimson Ridge Drive c. Crimson Sky Drive d. Rocky Brook Drive e. Rosarita Place f. Sand Flower Road g. Shining Amber Lane h. Siesta Rock Drive Section 3. The Town will also accept for maintenance, including hydrants, valves and meters, a potable water system serving the block as depicted on design plans on file with the Town. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 2nd day of May, 2006. Mayor Ed Honea. ATTEST: APPROVED AS TO FORM: Jocelyn C. Bronson, Town Clerk Frank Cassidy, Town Attorney Page 2 of2 .....,,~,~. --..- ! I 3 ~ ~~ ~! g ~ l'~ ~i ~ Q Q . ~~ ~ ~ . N . 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