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HomeMy WebLinkAboutResolution 2022-095 Approving a Release of Assurances for Twin Peaks and Lambert Lane Lots 1-62 MARANA RESOLUTION NO. 2022-095 RELATING TO DEVELOPMENT;APPROVING A RELEASE OF ASSURANCES FOR TWIN PEAKS AND LAMBERT LANE LOTS 1 THRU 62 AND ACCEPTING PUBLIC IMPROVEMENTS FOR MAINTENANCE WHEREAS the final plat for"Twin Peaks and Lambert Lane Lots 1 thru 62 and Common Area "A" (Private Streets), Common Area "B" (Natural Open Space, Drainage, Landscape, Pedestrian, Public Sewer and Utilities) & Common Area"C" (Active Open Space)"was recorded in the Pima County Recorder's Office on September 25, 2020, at Sequence 20202690096; and WHEREAS the Town has a substitute third party trust assurance agreement (the "Assurance Agreement") with Meritage Homes of Arizona, Inc. (the "Subdivider") and Title Security Agency, LLC, under Trust No. 202052-S,recorded in the Pima County Recorder's office on November 6,2020,at Sequence 20203110048,assuring the completion of public improvements for Twin Peaks and Lambert Lane; and WHEREAS the Subdivider has completed the public improvements for Twin Peaks and Lambert Lane 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 is hereby released. Section 2. The Town accepts for maintenance, a potable water system including 4,968 linear feet of potable water line, water meters, appurtenances, valves, and fire hydrants for the above-referenced project. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 20th day of September, 2022. Mayor Ed Honea ATTEST: APPROVED AS TO FORM: Adr David L. Udall, Town Clerk J."airal , Town Attorney h6ek EMARANA AZ STABLISHED�" Resolution No.2020-095 - 1 - 09/1/2020