HomeMy WebLinkAboutResolution 2003-049 release of the assurance with arizona pavilions development,~ i
MARANA RESOLUTION N0.2003-49
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA,
ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT
BETWEEN ARIZONA PAVILIONS DEVELOPMENT, INC, FIRST AMERICAN TITLE
INSURANCE COMPANY, AND TOWN OF MARANA FOR LOTS 1 THROUGH 4, AND
ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN CONTINENTAL
RANCH PARCEL 63A.
WHEREAS, Continental Ranch Parcel 63A is an 8.93 acre subdivision located south of
Arizona Pavilions and north of Cortaro containing Lots 1 through 4 as depicted on Exhibit A
attached hereto and incorporated herein by this reference, and recorded at the Pima County
Recorder's Office in Book 55 of Maps and Plats, Page 47; and
WHEREAS, the Town has previously entered into an Assurance Agreement between Arizona
Pavilions Development, (beneficiary) under Trust No. 4939, and First American Title Company,
(trustee), recorded at the Pima County Recorder's Office at Docket 11719, Page 4496, assuring the
completion of public improvements; and
WHEREAS, Arizona Pavilions Develpment, has completed the public improvements
acceptable to Town standards in accordance with the Assurance Agreement for Continental Ranch
Parce163A.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana
as follows:
Section 1. Continental Ranch Parce163A, lots 1 through 4 are hereby released from the
Assurance Agreement between Arizona Pavilions Development, under Trust No. 4939, and
First American Title Company.
Section 2. The Town accepts for maintenance, including maintenance of regulatory
traffic control and street signs, 0.25 miles of paved streets for the following appurtenances, as
depicted on Exhibit A:
a. Courtney Page Way
b. Jenna Nicole Lane
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Page 1 of 2
Marana, Arizona Resolurion No. 2003-49
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PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
20~' day of May, 2003.
ATTEST: Mayor UTTON, JR.
Jocelyn .Bronson
Town Clerk
APPROVED AS TO FORM:
Daniel J. Hochuli, Esq.
• As Town Attorney and not personally
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Page 2 of 2
Marana, Arizona Resolution No. 2003-49
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