HomeMy WebLinkAboutResolution 2002-023 release of assurance agreements in copper moonMARANA RESOLUTION NO. 2002-23
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 116A, 117A, 11SA, 209 - 315 AND COMMON AREAS M - R, AND
ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN COPPER MOON.
WHEREAS, Continental Ranch 36 - 38 & 40 Phase III is a 34.45 acre subdivision located
north of Twin Peaks Road and east ofCoachline Blvd containing Lots 116A, 117A, 118A, 209 - 315
and Common Areas M - R as depicted on Exhibit A and incorporated herein by this reference, and
recorded at the Pima County Recorder's Office in Book 52 of Maps and Plats, Page 66; 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 11300, Page 535 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 Continental Ranch 36 - 38 & 40
Phase IlL
WHEREAS, Pulte Home Corporation, has satisfied all'Linear Park financial requirements to
the full satisfaction of the Town.
NOW, THEREFORE, BE IT RESOLVED by the Mayor.and Council of the Town of Marana
as follows:
Section I. Continental Ranch 36- 38 & 40 Phase 12'I, lots l16A, l17A, 118A, 209-315
and Common Areas M - R 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, 0.9 miles of paved streets for the following appurtenances, as
depicted on Exhibit A:
· Chesapeake Drive
· Colony Park Drive
· Mission Valley Drive
· Stonebrook Drive
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Marana, Arizona Resolution No. 2002-23
· Victory Court
Section 3. Common Areas M - R, as depicted on Figure 1, shall be owned and
maintained by the Continental Ranch Community Association.
PASSED AND ADOPTED by the Mayor and Council of the Town o£Marana, Arizona, this
19~h day of February, 2002.
ATTEST:
APPROVED AS TO FORM:
Daniel J. Hochuli, Esq.
As Town Attorney and not personally
Mayor BOBBY SUTTON, JR.
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Marana, Arizorm Resolution No. 2002-23
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