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HomeMy WebLinkAboutResolution 2017-111 Approving Release of Assurances for Saguaro Bloom Block 3 MARANA RESOLUTION NO, 2017-111- RELA rFlNG TO DEVELOPMENT; AP13ROVIN-G A RELEASE OF ASSURANCES FOR SAGUARO BLOOM BLOCK 3 AND ACC E1 PUBLIC IM�PROVEMENTS FOR MAINTENANCE WHEREAS the final plat for 'Saguaro Bloom Block 3 Lots I to 141 and Common Areas "A" (Open Space, Recreation, Drainage, Public Utilities, Road Maintenance & Signage) and "B" (Open Space, Recreation, Public Utilities, Road Maintenance & Signage)' ("Saguaro Bloom Block 3") was recorded in the Pima County Recorder's Office on I May 2017, at Sequence 201.71.210044; and WHEREAS the Town has a third party trust substitute assurance agreement (the "Assurance Agreement") with D.R. Horton, Inc. (the "Subdivider") and Title Security Agency of Arizona, LLC, under Trust No. 201434-T, recorded in the Pima County Recorder's office on I May 2017, at Sequence 20171210048, assuring the completion of public improvements for Saguaro Bloom Block 3; and WHEREAS the Subdivider has completed the public improvements for Saguaro Bloom Block 3 acceptable to Town standards in accordance with the Assurance Agreement. Now, rFHEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. The Assurance Agreement is hereby released. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, approximately 1.2 miles of the following paved streets as shown on the plat of Saguaro Bloom Block 3: Buzzing Bee Trail Old Agave Trail Blue Saguaro Street ■ Spanish Dagger Howling Wolf Road Weeping Owl Road Silver Cholla Drive Wild Spring Drive Section 3. The Town accepts for maintenance the potable water system serving Saguaro Bloorn Block 3, consisting of approximately 7,780 linear feet of potable water line, water meters, valves, fire hydrants and appurtenances with an estimated value of$443,897-89. Marana Resolution No.2017-111 - 1 -- 2/28/2017 4:28 PM Section 4. The Town accepts for maintenance the sanitary sewer system serving Saguaro Bloom Block 3, consisting of appi-oxii-nately 6090 linear feet of conveyance system and appurtenances with an estimated value ol'$465,043.73. PASSED AND ADOPTS I) by the Mayor and Council of the Town of Marana, Arizona, this 19th day of"Decen-iber, 2017. Mayor Ed iso ea ATTEST: 7R AS TO APPROV D FOR PP4 F k_ Ike Rocely Bronson, Town Clerk "Fra Ca i y, Tow torney MARANA AZ FSTABLISHF--[) 1977 Marana Resolution No.2017-111 - 2 - 2/28/2017 4:28 PM