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HomeMy WebLinkAboutResolution 97-093 assurance agreement for continental ranch parcel 26F. ANN RODRIGUE~ RE~ORDER RECORDED ~Y: CML DEPUTY RECORDER ROOA SMARA- TOWN' OF MARANA ATTN: TOWN CLERK 13251N LON ADAMS RD MARANA AZ 85653 DOCKET: PAG£: NO. OF PAGES: SEQUENCE: RES MAIL AMOUNT PAID MARANA RESOLUTION NO. 97-93 10638 1267 3 ~7156754 09/25/9? 14:13:00 $ 8. O0 A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF MARAN'A, ARIZONA, AUTHORIZING THE RELEASE OF LOTS 1 THROUGH 37 AND COMMON AREAS A IN CONTINENTAL RANCH PARCEL 26 FROM THE ASSURANCE AGREEMENT WITH DEL WEBB'S COVENTR.Y HOMES OF TUCSON, INC. UNDER. TRUST NO. 4708 AND FIRST AMERICAN TITLE FOR. COMPLETION OF PUBLIC [MPKOVEMENTS AND ACCEPTING FOR. TOWN MAINTENANCE DESIGNATED STREETS WITHIN THE SUBDMSION. WHEREAS, the Town has previously entered into an Assurance Agreement with Del Webb's Coventry Homes of Tucson, Inc. under Trust No. 4708 (Del Webb) and First American Title for completion of public improvements on lots 1 through 37 and Common Area A in Continental Ranch Parcel 26; and WHEREAS, Del Webb has fulfilled their obligations under the Assurance Agreement for lots I through 37 and Common Area A in Continental Kanch Parcel 26, as more particularly described in Exhibit A, and now desires that these lots be released from said Assurance Agreement; and WHEREAS, Del Webb and the Town desire to affirm responsibility for future maintenance of public improvements and streets located within the subdivision; and WHEREAS, the release of assurances for the reasons set forth above and the affirmation of responsibility for maintenance of public improvements and streets is in the best interests of the citizens of the Town of Marana. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Lots I through 37 and Common Area A in Continental Ranch Parcel 26 are released from the Assurance Agreement subject to the following condition: Private drainage easements and private landscape easements located within the released lots will be satisfactorily maintained by the Continental Ranch Community Association or its successor· 2. The Town accepts for maintenance .25 miles of the following paved streets: a. Tyler Place b. Trent Place c. Ingdd Place d. Palm Canyon Drive The Town accepts for maintenance various other public improvements as agreed between the parties. PASSED AND ADOPTED bythe Mayor and Council of the Town of Marana, Arizona, this 16th day of September, 1997. Mayor ORA MAE HARtq' - ATTEST ~ Town Attorney EXItIBIT "A" LEGAL DESCRIPTION Lots 1 through 37 and Common Area "A" ofCONTINENTALRANCH, Parcel 26, according to the plat of record in the Office of the County Recorder of Pima County, Arizona, Recorded in Book qo° . .at page a} O