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HomeMy WebLinkAboutResolution 2022-123 Approving a Release of Assurances for Cortaro Ranch Phase II Lots 1 through 6 MARANA RESOLUTION NO. 2022-123 RELATING TO DEVELOPMENT; APPROVING A RELEASE OF ASSURANCES FOR CORTARO RANCH PHASE II LOTS 1 THROUGH 6 AND COMMON AREAS"A" AND "B" AS MODIFIED AND ACCEPTING PUBLIC IMPROVEMENTS FOR MAINTENANCE WHEREAS the final plat for "Cortaro Ranch Phase II Lots 1 through 6 and Common Areas "A" and "B" ("Cortaro Ranch Phase II") was recorded in the Pima County Recorder's Office on April 12, 2019 at Sequence 20191020080; and WHEREAS Cortaro Ranch Phase II was modified by the final plat for Cortaro Ranch Phase II Lots 4-6, recorded in the Pima County Recorder's Office on February 7, 2020 at Sequence 20200380096; and WHEREAS Cortaro Ranch Phase II was further modified by the final plat for Cortaro Ranch Phase II Lots 6A & 6B, recorded in the Pima County Recorder's Office on August 6, 2021 at Sequence 20212180290; and WHEREAS Cortaro Ranch Phase II was further modified by the record of survey for minor land division for Cortaro Ranch Phase II Lots 6A & 6B, recorded in the Pima County Recorder's Office on July 15, 2022 at Sequence 20221960418; and WHEREAS the Town has a commercial assurance and development agreement with Cortaro Commercial JV, LLC (the "Subdivider"), recorded in the Pima County Recorder's Office on September 4, 2015 at Sequence 20152470219, as modified by its first amendment, recorded in Pima County Recorder's Office on May 4, 2018 at Sequence 20181240060, and its second amendment, recorded in Pima County Recorder's Office on April 23, 2021 at 20211131024 (collectively, the "Assurance Agreement") assuring the completion of public improvements for Cortaro Ranch Phase II as modified; and WHEREAS the Subdivider has completed the public improvements for Cortaro Ranch Phase II 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. 00084581.DOCX/1 Resolution No.2022-123 - 1 - Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, approximately 0.30 miles of the following paved streets as shown on the plat of Cortaro Ranch Phase II as modified: • Joplin Lane PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 6th day of December, 2022. Mayor Ed/ nea ATTEST: APPRO _D AS TO FORM: ar David L. Udall, Town Clerk Ja airall, Town Attorney A <Sitt‘ MARANA AZ ESTABLISHSD 1977 00084581.DOCX/I Resolution No.2022-123 - 2 -