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HomeMy WebLinkAboutResolution 2012-096 relating to approving release of assurancesMARANA RESOLUTION NO. 2012-096 RELATING TO DEVELOPMENT; APPROVING A RELEASE OF ASSURANCES FOR SAN LUCAS BLOCK 5 AND ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR MAINTENANCE WHEREAS, San Lucas Block 5 is a 17.6 acre subdivision located south of Cochie Canyon Trail and west of Postvale Road , containing lots 1- 60, and common areas `A', `B', `C' and `D' and is recorded at the Pirna County Recorder's Office in Book 60 of Maps and Plats, Page 78; and WHEREAS, the Town has an Assurance Agreement assuring the completion of public improvements; and WHEREAS, Willow Bridge, LLC, and has completed the public improvernents acceptable to Town standards in accordance with the Assurance Agreement for San Lueas Block 5; and NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: SECTION 1. San Lucas Block 5 is hereby released from the Assurance Agreements with Fidelity National Title Agency Inc. under Trust 60,366. SECTION 2. The Town aceepts for maintenance, including maintenance of regulatory traffic control and street signs, for maintenance, approximately 0.54 miles of the following paved streets as shown on Exhibit A: • Brown Ware Street • Bronze Statue Avenue • Bronze Statute Court • Serrated Flint Street • Recovered Fossil Avenue • Arrow Shard Avenue 0 SECTION 3. The Town accepts for maintenance, a pota.ble water system including 3,091 lf of potable water line and 2,876 lf of non-potable water line, water meters, appurtenances, valves, and fire hydrants for the above referenced project with an estimated value of $291,504.60. Marana Resolution No. 2012-096 1 i l/15/2012 PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 20th day of November, 2012. Mayor Honea ATTEST: � i Jocelyn . ranson, Town Clerk APPROVED AS TO FORM: /� � � �'" C sidy, Town Attorney Marana Resolurion No. 2012-096 2 1 t/15l212