HomeMy WebLinkAboutResolution 2002-041 release of assurance for continental ranch parcel 11MARANA RESOLUTION NO. 2002-41
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA,
ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT
BETWEEN WOODSIDE HOMES OF ARIZONA, FIRST AMERICAN TITLE INSURANCE
COMPANY, AND TOWN OF MARANA FOR LOTS 1 THROUGH 142 AND COMMON
AREAS A - D, AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS
IN CONTINENTAL RANCH PARCEL 11.
WHEREAS, Continental Ranch Parcel 11 is a 37.842 acre subdivision located north of
Silverbell Road and east of Coachline Blvd. containing Lots 1 through 142 and Common Areas A-D
as depicted on Exhibit A and incorporated herein by this reference, and recorded at the Pima County
Recorder's Office in Book 47 of Maps and Plats, Page 16; and
WHEREAS, the Town has previously emered into an Assurance Agreement between
Woodside Homes of Arizona, (beneficiary) under Trust No. 4685 and First ~ean Tire Insurance
Company, (trustee), recorded at the Pima County Recorder's OflSce at Docket 10296, Page 509
assuring the completion of public improvements; and
WHEREAS, Woodside Homes of Arizona, has completed the public improvements accep~le
to Town standards in accordance with the Assurance Agreement for Cominental Ranch Parcel 11.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council ofthe Town of Marana
as follows:
Section 1. Continental Ranch Parcel 11, lots 1 through 142 and Common Areas A- D
are hereby released from the Assurance Agreement between Woodside Homes of Arizona,
under Trust No. 4685, and First American Title Insurance Company.
Section 2. The Town accepts for maintenance, including maintenance ofregulatory traffic
control and street signs, 1.1 miles of paved streets for the following appurtenances, as
depicted on Exhibit A:
a. Ahwatukee Way
b. Acacia Grove Place
c. Cricket Place
d. Lawndale Drive
e. Deserama Drive
f. Silver Sand Drive
g. Silver Sand Place
h. Wellside Drive
Section 3. Common Areas A - D, as depicted on Exhibit A, shall be owned and
maintained by the Continental Ranch Community Association.
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
2~ day of April, 2002.
ATTEST:
~/_.J~elyn ~]rl~nt z -- .~
aniel $. Hochuli, Esq.
As Town Attorney and not personally
'~-00£~
/
/
/
/
ii
'~-O0£Z
o~ 5
~ JO E J.33HS 33S