HomeMy WebLinkAboutResolution 2003-054 release of assurance for the villages at red hawk phase 1CMARANA RESOLUTION NO. 2003-54
A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA,
ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT
BETWEEN COTTONWOOD PROPERTIES, INC., LAWYER'S TITLE OF ARIZONA, INC.,
AND TOWN OF MARANA FOR LOTS 1 THROUGH 44 ACCEPTING FOR MAINTENANCE
THE PUBLIC IMPROVEMENTS IN VILLAGES AT REDHAWK PHASE lC.
WHEREAS, Villages at Redhawk Phase lC is an 12.10 acre subdivision located south of
Moore Road and west of Dove Mountain Boulevard, containing Lots 1 through 44 as depicted on
Exhibit A attached hereto and incorporated herein by this reference, and recorded at the Pima County
Recorder's Office in Book 49 of Maps and Plats, Page 31; and
WHEREAS, the Town has previously entered into an Assurance Agreement between
Cottonwood Properties, Inc., (beneficiary) under Trust No. 7825-T and Layers Title of Arizona, Inc.,
Agency, Inc. (trustee), recorded at the Pima County Recorder's Office at Docket 10529, Page 1564,
assuring the completion of public improvements; and
WHEREAS, Cottonwood Properties, Inc., has completed the pubhc improvements acceptable
to Town standards in accordance with the Assurance Agreement for Villages at Redhawk Phase 1 C.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana
as follows:
Section 1. Villages at Redhawk Phase lC, lots 1 through 44 are hereby released from the
Assurance Agreement between Cottonwood Properties, Inc., under Trust No. 7825-T, and
Lawyers Title of Arizona, Inc.
Section 2. The Town accepts for maintenance, including maintenance of regulatory
traffic control and street signs, 0.45 miles of paved streets for the following appurtenances, as
depicted on Exhibit A:
ao
Bandtail Court
Dove Mountain Park Road
Owl Head Canyon Road (as depicted on Exhibit A)
Whiptail Court
Marana, Arizona Resolution No. 2003-54
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PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
17th day of June, 2003.
ATTEST:
SO :~
own Clerk
APPROVED AS TO FORM:
Daniel J. Hochu ', Esq.
As Town Attorney and not personally
~B~ ~(JTTON, JR.
Marana, Arizona Resolution No. 2003-54
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