HomeMy WebLinkAboutResolution 2013-006 assignment and assumption of developer rights relating to Gladden Farmsl��A►RANA RESOLUTION NO. 2013-006
RELATING TO DEVELOPMENT; APPROVING AND AUTHORIZING THE MAYOR OR
THE TOWN MANAGER TO EXECUTE ALL LEGAL INSTRUMENTS NECESSAR.Y OR
PRUDENT TO DOCiJMENT, AUTHORIZE, AND CONSENT TO THE ASSIGTTMENT AND
ASSL7MPTION OF DEVELOPER RIGHTS, TITLE, II�TEREST, AND RESPONSIBILITIES
RELATING TO THE GLADDEN FARMS PROJECT FROM AND BY GLADDEN FOREST
LLC AND ITS RELATED ENTITIES TO AND BY GLADDEN 22-24 LLC AND GLADDEN
PHA.SE I LLC AND THEIR RELATED ENTITIES
WHEREAS the Gladden Farms development project covers the geographic area depicted
in the subdivision plat Gladden Farms Blocks 1 thru 25 and A thru F, recorded in the office of
the Recorder of Pima County, Arizona, at Book 55 of Maps and Plats, Page 60; and
WHEREAS Gladden Forest LLC, an Arizona limited liability company, is the current
master developer of the Gladden Farms development project; and
WHEREAS Gladden Forest LLC and its related entities has entered into a contract to sell
its right, title, and interest in and to the Gladden Farms development project to Gladden 22-24
LLC, a Delaware limited liability company, and Gladden Phase I LLC, a Delaware limited
liability company, and their related entities; and
WHEREAS the Town of Marana desires to facilitate the assignment and assumption of
developer rights, title, interest, and responsibilities from and by Gladden Forest LLC and its
related entities to and by Gladden 22-24 LLC and Gladden Phase I LLC and their related entities;
and
WHEREAS the Mayor and Council find that this resolution xs in the best interest of the
Town.
NOW, THEREFORE, BE IT RESOLVED BY THE MAYOR AND COUNCIL 4F THE
TOWN OF MARANA, ARIZONA, that the Mayor and the Town Manager are each hereby
independently authorized and directed to execute for and on behalf af the Toum of Marana all
legal instruments necessary or prudent to document, authorize, and consent to the assignment
and assumption of developer rights, title, interest, and responsibilities rel�,ting to the Gladden
Farms development project from and by Gladden Forest LLC and its related entities to and by
Gladden 22-24 LLC and Gladden Phase I LLC and their related entities, including without
limitation any and all consents to assignment, substitutions of subdivision assurances, and
estoppel certificates relating to agreements and legal instruments to which the Town is a party or
has a legal interest and which are determined by the Town Attorney (as evidenced by execution
of the "approved as to form" block on each legal instrument) not to materially change the rights
and responsibilities of the Town of Marana.
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IT IS FL�RTHER RESOLVED that the Town's Manager and staff are hereby directed
and authorized to undertake a11 other and fixrther tasks required or beneficial to carry out the
terms, obligations, and objectives of this resolution.
PASSED AND ADOPTED BY THE MAY4R AND COUNCIL OF THE TOWN OF.
14ti�1RANA, ARIZONA, this 15 day of January, 2013.
�.
d Honea, Mayor
ATTEST:
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celyn ronson, Town Clerk
APPROYED A,S TO FORM: �
,`Town
Resolution No. 2013-006 - 2- 1/8/2013 1:35 PM FC