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HomeMy WebLinkAboutResolution 2003-069 release of assurance for hartman vistasMARANA RESOLUTION NO. 2003-69 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, G THE RELEASE OF THE ASSURANCE AGREEMENT ARIZONA, AUTHORIZIN ......... ~'~E INSURANCE COMPANY, BETWEEN KB HOME TUCSON INC., FIRST AMRIL;AI'q xtxb I AND II AND AND TOWN OF MARANA FOR LOTS 1 THROUGH 353, BLOCKS COMMON AREAS A - D, AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN HARTMAN VISTAS. 157.33 acre subdivision located on Linda Vista Boulevard WHEREAS, Hartman Vistas is ~through 353, Blocks I and 1I, and Common Areas A - D as east of Hartman Lane, containing Lots depicted on Exhibit A attached hereto and incorporated herein by this reference, and recorded at the Pima County Recorder's Office in Book 55 of Maps and Plats, Page 42; and WHEREAS, the Town has previously entered into an Assurance Agreement between KB Home Tucson Inc., (beneficiary) under Trust No. 4981 and First American Title Insurance Company (trustee), recorded at the Pima County Recorder's Office at Docket 11915, Page 186, assuring the completion of public improvements; and WHEREAS, KB Home Tucson Inc. has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Hartman Vistas. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. Hartman Vistas, Blocks I and 1I, lots 1 through 353 are hereby released from the Assurance Agreement with KB Home Tucson Inc. under Trust No. 4981, and First American Title Insurance CompanY. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 2.8 miles of paved streets for the following appurtenances, as depicted on Exhibit A: a. Beetle Drive b. Centipede Avenue c. Copperhead Drive d. Cottonmouth Street e. Grasshopper Drive f. Grizzly Flats Place g. June Bug Drive h. King Snake Drive Marana, Arizona Resolution No. 2003-69 Page 1 of 2 i. Lady Bug Court j. Mantis Way k. Mosquito Drive 1. Moth Court m. Rattler Street n. Red Diamond Avenue o. Red Racer Drive p. Sammy Avenue q. Whipsnake Way PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 1st day of July, 2003. ATTEST: APPROVED AS TO FORM: As Town Attorney and not personally ~ON, Marana, Arizona Resolution No. 2003459 Page 2 of 2