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HomeMy WebLinkAboutResolution 2003-139 release of assurance for sonoran moonMARANA RESOLUTION NO. 2003-139 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT BETWEEN PULTE HOME CORPORATION, LAWYERS TITLE OF ARIZONA, AND TOWN OF MARANA FOR LOTS 1 THROUGH 37 AND COMMON AREA A, AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN SONORAN MOON. WHEREAS, Sonoran Moon is a 7.57 acre subdivision located south of Twin Peaks Road and west of Coachline Blvd containing Lots 1 through 37 and Common Area A as depicted on Exhibit A and incorporated heroin by this reference, and recorded at the Pima County Recorder's Office in Book 56 of Maps and Plats, Page 26; and WHEREAS, the Town has previously entered into an Assurance Agreement between Pulte Home Corporation, (beneficiary) under Trust No. 7924-T and Lawyers Title of Arizona, (trustee), recorded at the Pima County Recorder's Office at Docket 11845, Page 3425 assuring the completion of public improvements; and WHEREAS, Pulte Home Corporation, has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Sonoran Moon; and WHEREAS, Pulte Home Corporation, has satisfied all Linear Park financial requirements to the full satisfaction of the Town. NOW, THEREFORE, BE 1T RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. Sonoran Moon, lots 1 through 37 and Common Area A are hereby released from the Assurance Agreement between Pulte Home Corporation, under Trust No. 7924-T, and Lawyers Title of Arizona. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 0.24 miles of paved streets for the following appurtenances, as depicted on Exhibit A: a. August Moon Place b. Crystal Moon Court Section 3. Common Area A, as depicted on exhibit A, shall be owned and maintained by the Continental Ranch Community Association. Page 1 of 2 Marana, Arizona Resolution No. 2003439 PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 18th day of November, 2003. ATTEST: o Celyn C. ~onson wn Clerk /Fr~k Cassi~/ Page 2 of 2 Marana, Arizona Resolution No. 2003-139 / / / / i