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HomeMy WebLinkAboutResolution 2003-147 release of assurance for continental reserve block 12 F. ANN RODRIGUEZ, RECORDER · RECORDED BY= K~ DEPUTy RECORDER 8013 RO09 SMARA TOWN OF MARANA ATTN.' TOWN CLERK 13251 N LON ADAMS RD MARAMA AZ 85653 DOCKET: 12196 PAGE~ 714 NO. OF PAGES: 6 SEQUENCE: 20032390181 12/12/2003 RES 13:15 MAIL AMOUNT PAID $ 8.50 MARANA RESOLUTION NO. 2003-147 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT BETWEEN U.S. HOME CORPORATION, TITLE SECURITY AGENCY OF ARIZONA, AND THE TOWN OF MARANA FOR LOTS 1-71, COMMON AREAS "B", "D" AND "E", AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN CONTINENTAL RESERVE BLOCK 12. WHEREAS, Continental Reserve Block 12 is a is a 30.08 acre subdivision located south of Pima Farms Road, west of Continental Reserve Loop containing Lots 1-71, Common Areas "B", "D" and "E", and is recorded at the Pima County Recorder's Office in Book 55 of Maps and Plats, Page 79; and WHEREAS, the Town has previously entered into an Assurance Agreement with U.S. Home Corporation, (beneficiary) under Trust No. 757 and Title Security Agency of Arizona, (trustee), recorded at the Pima County Recorder's Office at Docket 11767, Page 5086, assuring the completion of public improvements; and WHEREAS, U.S. Home Corporation, has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Continental Reserve Block 12; and NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. Continental Reserve Block 12, lots 1 through 71 and Common Areas B , D and E are hereby released fi.om the Assurance Agreement w~th U.S. Home Corporation under Trust No. 757, and Title Security Agency of Arizona. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 0.58 miles of paved streets for the following appurtenances, as depicted on Exhibit A: a. Innutian Court b. · Iron Ridge Drive c. Quachilla Court d. Taltson Drive e. Thelon Court f. Tornbat Court 1 i 9 Marana, Arizona Resolution No. 2003-147 Page I of 2 PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this day of December, 2003. ATTEST: ~°oC~Y~l er~k r°ns ° n' APPROV A1 ~.D AS TO FORM: Mayor BtOB'B? SUTTON, JR. Page 2 of 2 Marana, Arizona Resolution No. 2003-147 0 i 8 7900-N. wo ~ ! [._-3 ? i