HomeMy WebLinkAboutResolution 2020-073 Approving a Release of Assurance for all Previously Unreleased Lots of Farm Field Five MARANA RESOLUTION NO. 2020-073
RELATING TO DEVELOPMENT; APPROVING A RELEASE OF ASSURANCES FOR
ALL PREVIOUSLY UNRELEASED LOTS OF FARM FIELD FIVE AMENDED
SUBDIVISION AND ACCEPTING PUBLIC IMPROVEMENTS FOR MAINTENANCE
WHEREAS the final plat entitled 'Amended Final Plat Farm Field Five Lots 1
thru 224 and Common Areas "A" thru "K" ' ("Farm Field Five Amended") was
recorded in the Pima County Recorder's Office on 19 October 2005, at Book 60, Page 39
(Sequence 20052030156); 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 23 August 2108 at Sequence 20182350044, assuring the completion
of public improvements for Farm Field Five Amended Lots 90 through 145
("FF5 Phase 2"); and
WHEREAS the Subdivider has completed the public improvements for
FF5 Phase 2 acceptable to Town standards in accordance with the Assurance
Agreement; and
WHEREAS the Subdivider acquired Farm Field Five Amended Lots 43 through
86 ("FF5 Phase 3") by Special Warranty Deed recorded in the Pima County Recorder's
office on 17 April 2019 at Sequence 20191070830; and
WHEREAS Farm Field Five Amended Lots 28, 151, 207, 208, 209, and 210 (the
"FF5 Remaining Lots") are currently owned by individual homeowners but were not
previouslyformally
released from assurances for various reasons includingthe
construction of model homes and their sale beyond the reach of the previously-
established subdivision trust after foreclosure; and
WHEREAS all of the public improvements for FF5 Phase 3 and the FF5
Remaining Lots have been completed acceptable to Town standards.
NOW, THEREFORE, 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. To the extent not previously released of record from assurances, the
Town hereby releases FF5 Phase 3 and the FF5 Remaining Lots from assurances.
00070642.DOCX/1
Marana Resolution No.2020-073 - 1 - 6/18/2020 4:44 PM
Section 3. The Town accepts for maintenance, including maintenance of
regulatory traffic control and street signs, approximately 0.6 miles of the following
paved streets as shown on the plat of Farm Field Five Amended serving FF5 Phase 2
and FF5 Phase 3:
• Tom Henry Way
• Temple Orange Lane
• Hamlin Orange Lane
• The portion of Fayes Glen Drive located west of Fall Glow Lane
• The portion of DeSpain Drive located west of Fall Glow Lane
Section 4. The Town accepts for maintenance the potable water system serving
FF5 Phase 2 and FF5 Phase 3, consisting of approximately 4011 linear feet of potable
water line, water meters, valves, fire hydrants, and appurtenances with an estimated
value of$244,560.
Section 5. The Town accepts for maintenance the sanitary sewer system serving
Farm Field Five Amended, the portions not previously accepted consisting of
approximately 3075 linear feet of conveyance system and appurtenances with an
estimated value of$248,010.
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana,
Arizona, this 21st day of July, 2020.
fe
Mayor Ed on tiF-A—f-L-----
ATT . APPROVED AS TO FORM:
4o:di .40 ..."A
Cherry L awson, Town Clerk ra , Cas:'• , Town ! U. ey
Ae<S&
MARANA AZ
w-bike iii#
00070642.DOCX/1
Marana Resolution No.2020-073 -2- 6/18/2020 4:44 PM