HomeMy WebLinkAboutResolution 2021-018 Approving a Release of Assurance for a Portion of Lazy K Bar Ranch MARANA RESOLUTION NO. 2021-018
RELATING TO DEVELOPMENT; APPROVING A RELEASE OF ASSURANCES FOR A
PORTION OF LAZY K BAR RANCH AND ACCEPTING PUBLIC IMPROVEMENTS
FOR MAINTENANCE
WHEREAS the final plat for 'Lazy K Bar Ranch Lots 1-178, Common Areas "A-1"
& "A-2"(Private Streets), "B-1" & "B-2" (Natural Open Space, Pedestrian, Drainage,
Landscape, Public Sewer and Utilities), and "C" (Active Open Space)' was recorded in
the Pima County Recorder's Office on March 25, 2019, at Sequence No. 20190840184; and
WHEREAS the Town has a third party trust assurance agreement(the"Assurance
Agreement") with Pulte Home Company, LLC (the "Subdivider") and Landmark Title
Assurance Agency of Arizona, LLC, under Trust No. 18300-T, recorded in the Pima
County Recorder's office on May 3, 2019, at Sequence No. 20191230059, assuring the
completion of public improvements for a portion of Lazy K Bar Ranch, referred to in this
resolution as "Lazy K Bar Ranch Phase 1," consisting of Lots 1-86, and associated
common areas ("A-1", "B-1" and "C"); and
WHEREAS the Subdivider has completed the public improvements for Lazy K Bar
Ranch Phase 1 acceptable to Town standards in accordance with the Assurance
Agreement.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of
Marana as follows:
Section 1. The Assurance Agreement for Lazy K Bar Ranch Phase 1 is hereby
released.
Section 2. The Town accepts for maintenance the potable water system serving
Lazy K Bar Ranch Phase 1, consisting of approximately 5,980 linear feet of potable water
line, water meters, valves, fire hydrants and appurtenances with an estimated value of
$473,600.
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Resolution No.2021-018 - 1 -
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana,
Arizona, this 16th day of February, 2021.
Mayor Ed Honea
ATTEdAp APPROVED AS TO FORM:
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Cherry L. :wson, Town Clerk Jaaira Town Attorney
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Resolution No. 2021-018 - 2-