HomeMy WebLinkAboutResolution 2003-129 release of assurance for el rio at continental ranch F. ANN RODRIGUEZ, RECORDER
RECORDED BY: KJM
DEPUTY RECORDER
8013 RO09
SMARA
TOWN OF MARANA
ATTN: TOWN CLERK
13251 N LON ADAMS RD
MARACA AZ 85653
DOCKET: 12196
PAGE: 707
NO. OF PAGES: 7
SEQUENCE: 20032390180
12/12/2003
RES 13:15
MAIL
AMOUNT PAID $ 9.00
MARANA RESOLUTION NO. 2003-129
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA,
ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT
BETWEEN KB HOME TUCSON INC., FIRST AMRICAN TITLE INSURANCE COMPANY,
AND TOWN OF MARANA FOR LOTS 1 THROUGH 102 AND COMMON AREAS A - B,
AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN EL RIO AT
CONTINENTAL RANCH.
WHEREAS, E1 Rio is a 22.85 acre subdivision located east of Silverbell Road and north of
Twin Peaks Road, containing Lots 1 through 102 and Common Areas A - B 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 26; and
WHEREAS, the Town has previously entered into an Assurance Agreement between KB
Home Tucson Inc., (beneficiary) under Trust No. 4806 and First American Title Insurance Company
(trustee), recorded at the Pima County Recorder's Office at Docket 11657, Page 1829, assuring the
completion of public improvements; and
WHEREAS, KB Home Tucson Inc. has completed the public improvements acceptable to
Town standards in accordance with the Assurance Agreement for Hartman Vistas.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana
as follows:
Section 1. E1 Rio, lots 1 through 102 and Common Areas A - B are hereby released from
the Assurance Agreement with KB Home Tucson/nc. under Trust No. 4806, and First
American Title Insurance Company.
Section 2. The Town accepts for maintenance, including maintenance of regulatory
traffic control and street signs, 0.65 miles of paved streets for the following appurtenances, as
depicted on Exhibit A:
Blue Crossing Way
Buffalo Crossing Lane
Lees Ferry Court
Mill Crossing Way
Oak Stream Road
PASSED AND ADOPTED by the Mayor and Council of thc Town of Marana, Arizona, this
18t~ day of November, 2003.
ATTEST: M~N, JR.
APPRO7 AS TO FORM:
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