HomeMy WebLinkAboutResolution 2024-014 Approving a Release of Assurances for Tangerine Business Park, Blocks 1-10 MARANA RESOLUTION NO. 2024-014
RELATING TO DEVELOPMENT; APPROVING A RELEASE OF ASSURANCES FOR
TANGERINE BUSINESS PARK,BLOCKS 1-10 AND COMMON AREAS AND ACCEPTING
PUBLIC WATER IMPROVEMENTS FOR MAINTENANCE
WHEREAS the final plat for Tangerine Business Park, Blocks 1-10, Parcel "A" (Well Site),
Common Area "A" (Open Space), Common area `B" (N. Tangerine Business Place and West
Section N. Tangerine Business Loop), and Common Area "C" (East Section N. Tangerine
Business Loop) was recorded in the Pima County Recorder's Office on February 10, 2012 at
Sequence 20120410281; and
WHEREAS the Town has a cash assurance agreement between Rancho Palomita Advisors,
LLC (the "Subdivider"), Landmark Title Assurance Agency of Arizona, LLC, under Trust No.
18206-T, and Republic Services of Arizona Hauling, LLC, recorded in the Pima County
Recorder's office on February 10, 2012 at Sequence 20120410282, assuring the completion of
public and private? improvements for Tangerine Business Park Block 5 (the "Block 5 Assurance
Agreement"); and
WHEREAS the Town has a substitute cash assurance agreement between the Subdivider
and the Town of Marana, recorded in the Pima County Recorder's office on January 28, 2019 at
Sequence 20190280260, assuring the completion of public and private improvements for
Tangerine Business Park Blocks 9 and 10 (the "Blocks 9 and 10 Assurance Agreement"); and
WHEREAS the Town has a substitute third party trust assurance agreement between the
Subdivider, Title Security Agency, LLC, under Trust No. 202023R, and the Town of Marana,
recorded in the Pima County Recorder's office on July 24, 2020 at Sequence 20202060329,
assuring the completion of public and private improvements for Tangerine Business Park Blocks
1-8 and Common Areas "A," `B," and"C" (the "Blocks 1-8 Assurance Agreement"); and
WHEREAS the Town has a substitute cash assurance agreement between the Subdivider
and the Town of Marana, recorded in the Pima County Recorder's office on June 28, 2021 at
Sequence 20211791260, assuring the completion of public and private improvements for
Tangerine Business Park Blocks 7 and 8 (the "Block 7 and 8 Assurance Agreement"); and
WHEREAS together, the Block 5 Assurance Agreement, the Blocks 9 and 10 Assurance
Agreement, the Blocks 1-8 Assurance Agreement, and the Block 7 and 8 Assurance Agreement
are hereinafter referred to as the "Assurance Agreements"; and
WHEREAS the Subdivider has completed the private and public improvements for
Tangerine Business Park Blocks 1-10 acceptable to Town standards in accordance with the
Assurance Agreements.
Resolution No.2024-014 - 1 -
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of
Marana as follows:
Section 1. The Assurance Agreements are hereby released.
Section 2. The Town accepts for maintenance the potable water system serving Tangerine
Business Park Blocks 1-10, consisting of approximately 4,624 linear feet of potable water line,
water meters, valves, fire hydrants and appurtenances.
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona,
this 20th day of February, 2024.
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Mayor Ed Hone
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ATTEST: APPROV AS TO FORM:
David L. Udall, Town Clerk Jan rall, Town Attorney
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MARANA AZ
ESTABLISHED 1977
Resolution No.2024-014 - 2 -