HomeMy WebLinkAboutResolution 2024-034 Approving a Release of Assurances for Saguaro Reserve I at Dove Mountain Lots 1-38, 41-173 MARANA RESOLUTION NO. 2024-034
RELATING TO DEVELOPMENT; APPROVING A RELEASE OF ASSURANCES FOR
SAGUARO RESERVE I AT DOVE MOUNTAIN LOTS 1-38, 41-173, BLOCK 1, AND
COMMON AREAS
WHEREAS the final plat for Saguaro Reserve I at Dove Mountain, Lots 1-38, 41-173, Block"1"
(Future Residential) and Common Areas "A" (Private Streets) and "B" (Open Space/Drainage)
was recorded in the Pima County Recorder's Office on June 17, 2021, at Sequence 20211680146
(hereinafter,the "Subdivision"); and
WHEREAS the Town has a substitute third party trust assurance agreement between
Cottonwood Properties, Inc., (Cottonwood), Landmark Title Assurance Agency of Arizona, LLC,
as Trustee under Trust No.2107,and the Town of Marana,recorded in the Pima County Recorder's
office on July 20, 2021, at Sequence 20212010620, assuring the completion of improvements for
the entire Subdivision(the "Cottonwood Properties Substitute Assurance Agreement"); and
WHEREAS the Town has a substitute third party trust assurance agreement between Pulte
Home Company LLC, a Michigan limited liability company (Pulte), Landmark Title Assurance
Agency of Arizona,LLC, as Trustee under Trust No. 18300-T, and the Town of Marana,recorded
in the Pima County Recorder's office on August 6, 2021 at Sequence 20212180315, assuring the
completion of improvements for a portion of the Subdivision more fully described as Saguaro
Reserve I at Dove Mountain, Lots 1-38, 41-121 (the "Pulte Substitute Assurance Agreement");
and
WHEREAS the Town has a substitute third party assurance agreement between Richmond
American Homes of Arizona, Inc., a Delaware corporation (Richmond), Fidelity National Title
Agency Inc., as Trustee under Trust No. 60,558, and the Town of Marana, recorded in the Pima
County Recorder's office on August 18, 2023 at Sequence 20232300354, assuring the completion
of a portion of the Subdivision more fully described as Lots 122 through 170 of Saguaro Reserve
I at Dove Mountain (the "Richmond Substitute Assurance Agreement"); and
WHEREAS together, Richmond Substitute Assurance Agreement, Pulte Substitute
Assurance Agreement, and the Cottonwood Properties Substitute Assurance Agreement are
hereinafter referred to as the "Assurance Agreements"; and
WHEREAS Cottonwood, Pulte, and Richmond have completed the private improvements
for the Subdivision, acceptable to Town standards in accordance with the Assurance Agreements.
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.
Resolution No.2024-034 - 1 -
PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona,
this 16th day of April, 2024.
Mayor Ed Honea
ATTEST: . APPROV AS TO FORM:
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David L. Udall, Town Clerk J irall, Town Attorney
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MARANA
ESTABLISHED 1977
Resolution No.2024-034 - 2 -