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HomeMy WebLinkAboutResolution 2004-134 development agreement relating to the rancho marana specific plan areaMARANA RESOLUTION NO. 2004-134 RELATING TO LAND DEVELOPMENT; APPROVING AND AUTHORIZING THE MAYOR TO EXECUTE A DEVELOPMENT AGREEMENT WITH MONTEREY HOMES CONSTRUCTION, INC., AND STEWART TITLE AND TRUST, TRUST 3240, RELATING TO A 154-ACRE DEVELOPMENT LOCATED WITHIN THE RANCHO MARANA SPECIFIC PLAN AREA; AND DECLARING AN EMERGENCY. WHEREAS, the Town of Marana is authorized to enter into development agreements pursuant to A.R.S. § 9-500.05; and WHEREAS, the Mayor and Council of the Town of Marana find that entering into a development agreement with Monterey Homes Construction, Inc., and Stewart Title and Trust, Trust 3240, concerning the 154-acre Monterey Homes development project in the Rancho Marana Specific Plan area (which agreement is referred to in this resolution as the "Monterey Homes 154 Development Agreement") will promote the public health, safety and welfare by facilitating orderly development that pays its fair share of costs toward public services needed to serve the development. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana, Arizona, approving and authorizing the Mayor to execute the Monterey Homes 154 Development Agreement in the form attached as Exhibit A to this Resolution, and authorizing the Town Manager and Town staff to undertake all other tasks required to carry out the terms, obligations and objectives of the development agreement. IT IS FURTHER RESOLVED that it is necessary for the preservation of the peace, health, and safety of the Town of Marana that this resolution become immediately effective; therefore, an emergency is hereby declared to exist and this resolution shall be effective immediately upon its passage and adoption. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 17th day of August, 2004. PRO?D {00000154.DOC/} FJC/cds 8/11/04 F. ANN RODRIG~, RECORDER RECORDED BY: 1_ J DEPUTY RECORDER 1861 PEl SMARA TOWN OF MARANA ATTN: TOWN CLERK 11555 W CIVIC CENTER DR MARANA AZ 85653 ~KET: 12634 1 E: 1496 NO. OF PAGES: 30 SEQUENCE: 20051750556 09/08/2005 AG 13:51 MAIL AMOUNT PAID $ 20.50 TOWN OF MARANA DEVELOPMENT AGREEMENT BETWEEN TOWN OF MARANA4t ARIZONA4t MONTEREY HOMES CONSTRUCTION4t INC. AND STEWART TITLE AND TRUST4t TRUST 3240 The development agreement was originally recorded at Docket 12370, Page 2849 on August 20, 2004, without Exhibits A, B and C. It is being re-recorded to include Exhibits A, Band C. ;~ .t~ ~" ') ~~ let l5J 1 Id. q 8 )0 , , F. ANN RODRIGU~ RECORDER RECORDED BY: D ~ DE?~ ,[ RECORDER 7864 PEl SMARA TOWN OF MARANA ATTN: TOWN CLER 13251 N LON S MARANA AZ rli:111l\. J. vi:1::SMUY, C::Sy.. Town Attorney Town of Maran a 13251 N. Lon Adams Road Marana, Arizona 85653 DO~ET: 12370 - Pl 2849 NO.".,j PAGES: 26 SEQUENCE: 20041620637 08t20j2004 AG / /' 16 : 55 ,,_f'~ MAIL AMOUNT PAID $ 18.50 DEVELOPMENT AGREEMENT BETWEEN TOWN OF MARANA, ARIZONA, MONTEREY HOMES CONSTRUCTION, INC. AND STEWART TITLE AND TRUST, TRUST 3240 8/17/2004 137139,13 ] ;.'1 ,)~~ b ::1 ;(1 l::~ :1 I~:l 1:1 ':~71 jl tl.,~~ .~~ '<\'!~, If '~ ~ , :\: ~ ,. ,i;, ::~ d'fu TABLE OF CONTENTS Page EXHIBIT LIS T ........................................................................................................ iii RE C IT AL S ............................................................................................................... 1 A G RE EMENT ......................................................................................................... 2 1. Development Plans ............................... ................................... ....... .............. 2 1.1 Development in Accordance with the Development Parameters ...... 2 1.2 Plat Approvals.................................................................................... 3 1.3 Plat Conditions................................................................................... 3 1.4 Development Standards.......................... ................................. .......... 3 1.4.1 Blocks 1,2 and 4, Blocks 6 and 7.......................................... 3 1.4.1.1 Minimum lot size ....................................................... 3 1.4 .1.2 Distances between homes.......................................... 3 1.4.2 Block 3 and Block 5............................................................... 3 1.4.2.1 Minimum lot size....................... .................. .............. 3 1.4.2.2 Distances between homes .......................................... 3 2. 2.1 2.2 Infrastru cture 1m provemen ts ............................. ............. ....... ............. ....... 4 4 4 2.3 2.4 Regional Public Infrastructure........................................................... Water Utilities.................................................................................... 2.2.1 Non-Potable Water 2.2.2 Transfer of Grandfathered Water Rights ............................... 4 Transportation Improvements............................................................ 5 2.3.1 Tangerine Farms Road..................... .................. .................... 5 2.3.1.1 Construction Obligation...... ......... ......... ......... ............ 5 2.3.1.2 Phasing....................................................................... 5 2.3.2 Clark Farms Boulevard................... .................. ..................... 5 2.3.2.1 Construction Obligation................................. ............ 5 2.3.2.2 Phasing....................................................................... 5 2.3.3 Moore Road........................................................................... 6 2.3.3.1 CMID Canal Relocation ............................................ 6 2.3.4 Barnett Road Channel...... ........... .............. .................. ........... 6 2.3.5 Improvement Obligations........... ........................................... 6 2.3.5.1 Proportionate Share.............................. ......... ............. 6 2.3.5.2 Contributions............................................................. 6 2.3.6 Dedication; Acceptance ................................. ......... ............... 7 Recreation Improvements.................................................................. 7 2.4.1 On-Site Recreation Improvements......................................... 7 2.4.2 Off-Site Recreation Improvements........................................ 8 2.4.2.1 Barnett Linear Park........... ......................................... 8 2.4.2.2 Dedication.................................................................. 8 2.4.2.3 Contributions............................................................. 8 1 :m~ b '~~ ;'1 III :I. ~I !;J l::~ t 137139.13 __ABLE OF CONTENTS (Continuea) Page 2.4.3 Future Improvement Obligations........................................... 9 2.5 Retention/Detention Requirements.................................................... 9 2.6 Santa Cruz River Levee Assessment ................................................. 9 2.7 Fire Protection.................................................................................... 9 3. Cooperation and Alternative Dispute Resolution ..................................... 9 3.1 Appointment of Representatives................. .................... ................... 9 3.2 Timing................................................................................................ 10 3.3 Default; Remedies.............................................................................. 10 3.4 Mediation........................................................................................... 10 3.5 Arbitration.......................................................................................... 10 4. Protected Development Rights ................................................................... 11 4.1 Purpose............................................................................................... 11 4.2 Future Impact Fees......... .................................... ............ .................... 11 5. Notices and Filings ....................................................................................... 11 5.1 Manner of Serving ...... ........... ................... ................. ........................ 11 6. General Terms & Conditions...................................................................... 12 6.1 6.2 6.3 6.4 6.5 6.6 6.7 6.8 6.9 6.10 6.11 6.12 6.13 6.14 6.15 6.16 6.17 6.18 6.19 6.20 6.21 6.22 6.23 Term................................................................................................... 12 Waiver................................................................................................ 12 Attorneys ' Fees.................................................................................. 13 Counterparts....................................................................................... 13 Headings and Recitals........................................................................ 13 Exhibits.............................................................................................. 13 Further Acts....................................................................................... 13 Future Effect...................................................................................... 13 6.8.1 Successors.............................................................................. 13 Termination Upon Sale to Public.. ................... ................ .................. 14 No Partnership and Third Parties....................................................... 14 Other Instruments.............................................................................. 14 Imposition of Duty By Law............................................................... 14 Entire Agreement............................................................................... 14 Amendment........................................................................................ 14 Names and Plans................................................................................ 15 Good Standing; Authority.................................................................. 15 Severability........................................................................................ 15 Governing Law/Arbitration ............................................................... 15 Recordation........................................................................................ 15 No Developer Representations........ ....... ...... ......... ....... ......... ............ 16 Approval............................................................................................ 16 Force Majeure.................................................................................... 16 Time of the Essence........................................................................... 16 i ;, <l. II~' \~l J j:l ~ 1. II q ~3 'I ~: I :~ ,1' i ': " (, .~ i 11 137139.13 EXHIBIT LIST Exhibit # Description of Exhibit Prepared By A Legal description/depiction of the property Developer B Conceptual land use plan for the property Developer C Barnett Linear Park cross-section Developer 1 '''} .j.. I"'" ,::1 i~:~ :~i I:;) ~" ''':1 i~l I!J L, i;:w ~' " ~, :1 ,~<, 137139.13 DEVELOPMENT AGREEMENT THIS DEVELOPMENT AGREEMENT (hereinafter "Agreement") is made by and between the TOWN OF MARANA, an Arizona municipal corporation (hereinafter "Town"), STEWART TITLE AND TRUST OF TUCSON, an Arizona corporation, as Trustee under Trust No. 3240 (hereinafter the "Owner"), and MONTEREY HOMES CONSTRUCTION, INC., an Arizona corporation (hereinafter "Developer"). Town, the Owner and Developer are referred to herein collectively as the "Parties." RECITALS: A. Owner owns approximately 154 acres of real property within the corporate limits of the Town, as legally described and depicted on Exhibit "A" attached hereto (the "Property"). B. Developer is the future developer of the Property. Developer intends to construct a single-family residential subdivision, approximately six acres of commercial uses, and remaining park/recreation/open space on the Property. A conceptual land use plan for the Property is attached hereto as Exhibit "B" (the "Concept Plan"). C. The Property is located within the Rancho Marana Specific Plan area, as approved and adopted by the Town pursuant to Marana Ordinance No. 90-04, on February 6, 1990 (the "Specific Plan"). The Specific Plan does not require amendment in order for the Property to be developed as proposed by Developer in the Concept Plan. l i"'~ ,,~:.. I'''' ;;~ .;:~ ,~:I D. As depicted in the Concept Plan attached hereto as Exhibit "B", the Property is divided generally into seven blocks of which Developer intends to develop Blocks 1,2,3 and 4 for medium density residential uses, and Blocks 5, 6 and 7 for future commercial uses which may be converted to residential uses through the appropriate Town procedures. All of the proposed uses on the Property are permitted under the zoning established in the Specific Plan. l~l :1 17,) ijl "1 ,!" E. Developer has prepared for Town review and approval a block plat for the Property (the "Block Plat") which includes certain conditions agreed to as between Developer and Town staff. Subsequently, Developer shall also submit for Town approval a preliminary plat (the "Preliminary Plat"), a final plat (the "Final Plat") and infrastructure improvement plans (the "Improvement Plans") for the development Blocks as generally depicted in the Concept Plan attached hereto as Exhibit "B". "1 J.: "/\ ;~~~ ~ F. The future development of the Property shall be subject to, among other things, (i) the Concept Plan, attached hereto as Exhibit "B", (ii) the Specific Plan, (iii) the Marana General Plan, (iv) the Northwest Marana Area Plan (the "NWMAP") (as applicable), (v) the Marana Development Code (including the ,', :~ 1. ~: ,,:1 ::!~ 1 137139.13 written rules, regulations, procedures and other policies relating to development of land, whether adopted by the Mayor and Councilor by Town staff) (the "MDC"), (vi) conditions of the Block Plat (if any), (vii) conditions of the Preliminary and Final Plats as detailed in the Plat Resolution (if any) , and (viii) the Improvement Plans (collectively, the "Development Parameters"), collectively establishing, among other things, the type of land uses, location, density and intensity of such land uses, and community character of the Property, and providing for, among other things, the development of a variety of housing, recreation/open space and commercial opportunities. G. The Parties desire that the Property shall be developed in accordance with the Development Parameters, as amplified and supplemented by this Agreement as such Agreement may be amended from time to time. The Parties acknowledge that this Agreement is intended to be consistent with the foregoing, and operates to the benefit of the Town, the Owner, Developer and the public. H. The Parties understand and acknowledge that this Agreement is a "Development Agreement" within the meaning of, and entered into pursuant to the terms of, A.R.S. S 9-500.05, in order to facilitate the development of the Property by providing for, among other things, conditions, terms, restrictions and requirements for the construction and installation of public infrastructure as more particularly described herein, the phasing over time of construction or development on the Property, and other matters related to the development of the Property. I. Developer is working with the Cortaro-Marana Irrigation District ("CMID") to enter into a formal agreement concerning the maintenance of the necessary irrigation system, well sites and other structures. l '"') ,I. Ei ;',:~ ,,,I .(:! J. The Parties acknowledge that the development of the Property pursuant to this Agreement will result in planning and economic benefits to the Town and its residents by, among other things, requiring development of the Property consistent with the Development Parameters. I~J :~; 1"1 i~) t"l .i,,, Now, THEREFORE, in consideration of the foregoing premises and the mutual promises and agreements set forth herein, the Parties hereto state, confirm and agree as follows: AGREEMENT: ~' ".~, i~ .!1]! ~ ,~~, !~: \.....I~. it 1. Development Plans. 1.1. Development in Accordance with the Development Parameters. The Property shall be developed in accordance with the Development Parameters (as defined herein) which sets forth the basic land uses, densities and intensities of such land uses as presently authorized for the Property and development regulations related thereto. Upon compliance by Developer with the applicable development review and approval procedures as set forth in the Development Parameters, including the phasing as proposed in the Concept Plan attached hereto as 2 137139,13 Exhibit "B", the Town agrees to approve or issue such permits, plans, specifications, and/or plats of or for the Property as may be requested by the Developer and which are consistent with the Development Parameters. 1.2. Plat Approvals. Developer has submitted to the Town a Block Plat which includes the subdivision of Lots 1 through 167 and Blocks 1 through 7. Developer will subsequently submit a Preliminary Plat and the Final Plat for each development Block as depicted generally in the Concept Plan attached hereto as Exhibit "B", in substantial conformance with the Block Plat. The Town agrees to review all the plat submissions expeditiously and in good faith, and to work diligently with Developer toward all plat approvals. 1.3. Plat Conditions. Developer agrees to fulfill the conditions (if any) outlined in the Preliminary Plat or Final Plat and otherwise provided in the Development Parameters and as may be clarified by this Agreement for the Property. 1.4. Development Standards. Developer shall be permitted to develop residential lots and single family detached homes on the Property in compliance with Section 08.06 of the Marana Land Development Code and accordance with the following specific development standards: 1.4.1. Blocks 1. 2 and 4 and Blocks 6 and 7 (if Blocks 6 and 7 are developed for residential lots and single family detached homes) (as depicted on the Concept Plan attached hereto as Exhibit "B"). 1.4.1.1. Minimum lot size. The minimum lot size for a single family detached home shall be 6,000 square feet. t i'") .~~ b ;~:l ;1\ 1.4.1.2. Distances between homes. There shall be a minimum distance of (i) 15 feet between single family detached homes of up to 25 feet in height; and (ii) 20 feet between single family detached homes over 25 feet in height. ISl 1 1"' .:1 !~ ..~l 1.4.2. Block 3 and Block 5 (if Block 5 is developed for residential lots and single family detached homes) (as depicted on the Concept Plan attached hereto as Exhibit "B"). 1.4.2.1. Minimum lot size. The minimum lot size for a single family detached home shall be 4,500 square feet. t, ~1 d "'1! i ~J 1.4.2.2. Distances between homes. There shall be a minimum distance of 10 feet between single family detached homes. l ~.:.' . i;, 3 137139.13 2. Infrastructure Improvements. 2.1. Regional Public Infrastructure. The public infrastructure described in Section 2 of this Agreement will be provided by Developer in order to serve the planned development of the Property, but will also facilitate and support the ultimate development of the larger land area that includes the Property (the "Regional Public Infrastructure"). The Town acknowledges that portions of the Regional Public Infrastructure will be provided as part of the early phases of development of the Property, prior to the time when such public infrastructure facilities and services would otherwise be required to serve completed phases of the development within the Property and, therefore, prior to the time Developer might otherwise be required to provide or contribute to the cost of same and prior to the time the expense of such public infrastructure facilities and services otherwise would be justified by the phasing of development of the Property. Developer is willing to provide the Regional Public Infrastructure earlier than otherwise required for its private development of the Property, and to have such Regional Public Infrastructure utilized to facilitate and support development of the larger land area that includes the Property only if Developer can complete development of the Property as provided for in this Agreement. The Town acknowledges this commitment by Developer and will reasonably cooperate to allow this development to proceed pursuant to this Agreement. 2.2. Water Utilities. The Town's Marana Municipal Water System will provide water service to the Property. Developer and the Town are currently negotiating a "Water Service Agreement," which sets forth the various agreements of the Parties relating to, among other things, the development, construction, dedication, ownership, and design of the water system which shall serve the Property, and the maximum per lot fee to be charged for water connections. This Water Service Agreement shall be entered into prior to recordation of the Final Plat for the Property. The Town will act on the Water Service Agreement as soon as reasonably possible. t ,,~ ~~~ i:;) 'i~;t ;~l I;) I 1::; l~~ lei 2.2.1. Non-Potable Water. Developer shall construct and install a non-potable water delivery system to individua110ts on the Property. The Town shall not require the installation of individual non-potable water meters for each lot. Instead, the Town shall only require Developer to install a single master non-potable water meter for each Block of lots, homes or residences. Additionally, Developer may be required to install additional non-potable water meters for those areas designated as "common areas" on the Preliminary Plat. "l ,h #~ '$ ~,! i~ ~'!) 2 ,"" .'. .".'~.' . '.' I" t~ 2.2.2. Transfer of Grandfathered Water Rights. The Owner shall transfer to the Town, as prescribed by the Arizona Department of Water Resources, the Irrigation Grandfathered Rights ("IGR") Type I or Type II water rights, if any, on lands deeded to the Town pursuant to the Certificate of Grandfathered Water Rights. On lands not deeded to the Town, extinguishment credits, if any, will be transferred to the Town on the appropriate Department of Water Resources form. In exchange, 4 137139.13 the Town shall provide designation of assured water supply and water service to the Property. The Parties shall determine if the transfer of such IGR Type I or Type II water rights is required and further identify and describe the nature of the rights to be transferred as part of the preparation of the Water Service Agreement. 2.3. Transportation Improvements. 2.3.1. Tangerine Farms Road. Developer shall dedicate a 250-foot right-of-way to the Town for Tangerine Farms Road at the time of approval of the Final Plat. 2.3.1.1. Construction Obligation. Developer shall construct a new segment of Tangerine Farms Road running from Moore Road to Barnett Road, consistent with the cross-section of Tangerine Farms Road included as part of the Concept Plan attached as Exhibit "B". Construction shall include the shoulder, 100- foot buffer with landscaping, a trail and drainage facilities along the east side of Tangerine Farms Road, the shoulder and landscape buffer along the west side of Tangerine Farms Road, and the landscaped median strip (collectively the "Tangerine Buffer Improvements"). 2.3.1.2. Phasing. Developer shall construct Tangerine Farms Road, including the construction of the Tangerine Buffer Improvements, in a minimum of two phases, or as required and necessary to serve adjacent Blocks of the Property to be developed. The first phase of construction shall include that portion of Tangerine Farms Road from Moore Road north to Clark Farms Boulevard that will be adjacent to and include Blocks 1 and 2 of the development and shall be completed prior to the issuance of the 100th building permit. The second phase of construction shall include the balance of Tangerine Farms Road and shall be completed prior to the release of the assurances posted to assure completion of the improvements set forth on the final plat for each development Block as depicted generally on the Concept Plan. 1 :!~ b '$ ~:I 2.3.2. Clark Farms Boulevard. Developer shall dedicate a 90-foot right-of-way to the Town for Clark Farms Boulevard at the time of approval of the Final Plat. I!l 1: j,,) i~ I"~ ,~l 2.3.2.1. Construction Obligation. Developer shall construct Clark Farms Boulevard from Sandario Road to the western boundary of the Property, consistent with the cross-section of Clark Farms Boulevard included as part of the Concept Plan attached as Exhibit "B". Construction shall include the shoulder and landscape buffer along both the north and south sides of the roadway (collectively the "Clark Farms Buffer Improvements"). h J~? ;:::~ I",.~ , .11 I~~t I\~: ~ l.....~:.i. ~. ,I"" ,. 2.3.2.2. Phasing. Developer shall construct Clark Farms Boulevard, including the construction of the Clark Farms Buffer Improvements, in a minimum of two phases, or as required and necessary to serve adjacent Blocks of the Property to be developed. The first phase of construction shall include that portion of 5 137139.13 Clark Farms Boulevard from Sandario Road west to Tangerine Farms Road that is adjacent to and includes Blocks I and 3 of the development and shall be completed prior to the issuance of the 100th building permit. The second phase of construction will include the balance of Clark Farms Boulevard and shall be completed prior to the issuance of the 400th building permit. 2.3.3. Moore Road. Developer will dedicate to the Town a maximum additional 95-foot right-of-way for Moore Road along the southern boundary of the Property at the time of Final Plat approval and shall construct such turn bays and tapers as may be warranted by Developer's traffic impact study for the Property contemporaneously with each development Block contiguous to Moore Road. Such turn bays and tapers will be completed prior to the release of the assurances posted to assure completion of the improvements set forth on the final plat for each development Block as depicted generally on the Concept Plan. The Town shall not require Developer to install or construct any other improvements in connection with Moore Road or with the additional 95-foot right-of-way dedication for Moore Road except as provided in this Section 2.3.3. 2.3.3.1. CMID Canal Relocation. If required by separate agreement with the CMID, the CMID canal currently located at the southern boundary of the Property adjacent to Moore Road will be relocated by Developer into a pipeline that will be placed within the additional 95-foot right-of-way along Moore Road along the southern boundary of the Property in a location that is acceptable to the Town and the CMID. 2.3.4. Barnett Road Channel. Developer shall excavate the Barnett Road Channel where it runs along the northern boundary of the Property, including a grade crossing at Tangerine Farms Road, as depicted on Exhibit "B", concurrently with the development of any Block of the Property adjacent to the Barnett Road Channel. Such improvements shall be completed prior to the release of the assurances posted to assure completion of the improvements set forth on the final plat for each development Block as depicted generally on the Concept Plan. Developer shall be permitted to use the material excavated from the Barnett Road Channel. The Town shall not require Developer to construct a bridge, a crossing structure or drainage structures in connection with the Barnett Road Channel. I, :, f' .:j ~~,~ .!:I l~~ 1 1"" ,::1 I)) ,.,,' :) 2.3.5. Improvement Obligations. 2.3.5.1. Proportionate Share. Except as otherwise provided in this Section 2.3.5, completion of the improvements described in Section 2.3 is deemed to satisfy the Specific Plan requirement that Developer contribute its proportionate financial share to regional transportation improvements. 2.3.5.2. Contributions. Developer has agreed to construct 100% of Tangerine Farms Road as provided in Section 2.3.1 which shall become part of the Town's Regional Public Infrastructure as defined in this Agreement and shall provide a beneficial use to the Town beyond that provided to the future residents of lP \'?~...'.:'.1.' : ..'~ ~ ',. ~.~1 6 137139.13 the Property. The Parties acknowledge that Developer's construction of approximately 50% of Tangerine Farms Road is reasonably related to and intended to offset the burden that the development of the Property imposes on the Town. The Parties further acknowledge that Developer's construction of the remaining approximately 50% of Tangerine Farms Road exceeds the improvements reasonably related to the burden that the development of the Property imposes on the Town. Accordingly, notwithstanding any Town requirements to the contrary, the value of Developer's construction and dedication of the remaining approximately 50% of Tangerine Farms Road, as provided in Section 2.3.1, shall be deemed to be a contribution made by Developer toward the capital costs of necessary public services as such may be identified by the Town in connection with transportation impact fees or assessments that are currently in effect or that may be adopted by the Town to be imposed or assessed upon the Property, including without limitation a uniform regional transportation impact fee, and shall be credited to Developer pursuant to A.R.S. S 9-463.05. Such impact fees or assessments shall be assessed at the time of issuance of building permits. 2.3.6. Dedication: Acceptance. Upon construction and dedication by Developer of the improvements as provided in this Section 2.3, the Town shall accept dedication of such improvements and assume all maintenance, repair and replacement obligations for such improvements, except for any areas that may be used for drainage from the Property. 2.4. Recreation Improvements. It is Developer's intention, which the Town acknowledges and relies upon, to incorporate significant open space, recreational and drainage improvements, including (i) neighborhood pocket parks located and constructed at Developer's discretion on the Property, (ii) the Tangerine Buffer Improvements, and (iii) landscaping in, on and around the Barnett Road Channel, and a regional trail located within the Barnett Road Channel as described herein (the "Barnett Linear Park") that shall be incorporated into the Town's regional park system. The neighborhood pocket parks, the Tangerine Buffer Improvements, the Barnett Road Channel landscaping and the Barnett Road Linear Park shall be referred to collectively as the "Recreation Improvements." The Recreation Improvements shall be reviewed and approved by the Town Parks and Recreation Director and Development Services Administrator in consultation with Developer. t :;;t I::i '~l :cl r~~ :1. I"" 0,:1 I:~ ('~'II 2.4.1. On-Site Recreation Improvements. Developer shall construct a series of neighborhood pocket parks to provide 185 square feet of on-site park improvements for every residence which neighborhood pocket parks shall be completed prior to the release of the assurances posted to assure completion of the improvements set forth on the final plat for each development Block as depicted generally on the Concept Plan. At Developer's option, subject to Town approval, certain neighborhood pocket parks may be located in the Barnett Road Channel or within other excess right-of-way for Tangerine Farms Road, Clark Farms Boulevard or Moore Road and immediately adjacent to the development Block to which it shall provide recreational uses. The neighborhood pocket parks shall be dedicated to the It! ,,;~, ~;' :~ "f' e~ (~:. 't~~ ,.:~ ~.~ 7 137139.13 Town only if they are located in the Barnett Road Channel or within other excess right-of-way for Tangerine Farms Road, Clark Farms Boulevard or Moore Road, in which case Developer agrees to dedicate such neighborhood pocket parks but agrees to retain all maintenance, repair and replacement [and insurance?] obligations for such neighborhood pocket parks. 2.4.2. Off-Site Recreation Improvements. The Tangerine Buffer Improvements (as described herein) and the Barnett Linear Park and Barnett Road Channel landscaping (collectively the "Off-Site Recreation Improvements") comprise approximately 12.7 acres. Developer's construction and dedication of the Off-Site Recreation Improvements and the real property on which they are located is deemed to satisfy certain Town dedication and contribution requirements as further discussed below. 2.4.2.1. Barnett Linear Park. The Barnett Linear Park consists of approximately 6.9 acres and will include landscaping and trail improvements, a cross-section depiction of which is attached as Exhibit "C". These improvements shall be constructed concurrently with the development of any Block of the Property adjacent to the Barnett Linear Park and shall be completed prior to the release of the assurances posted to assure completion of the improvements set forth on the final plat for each development Block as depicted generally on the Concept Plan. Upon construction and dedication by Developer of the Barnett Linear Park and its improvements as provided in this Section 2.4.2.1, the Town shall accept dedication of the Barnett Linear Park and its improvements and assume all maintenance, repair and replacement obligations, except for any areas that may be used for drainage from the Property. 2.4.2.2. Dedication. The Town has established the following formula to determine the amount of land to be developed and dedicated for the purpose of off-site park or recreation improvements: six (6) acres of developable park land per 1000 residents at 2.67 people per residence. Because Developer intends to develop approximately 600 residences on the Property, Developer is required to develop and dedicate 9.6 acres of developable park land. Developer's agreement to develop and dedicate a total of 12.7 acres of developable park land shall be deemed to satisfy the Town's dedication requirement as described in this Section 2.4.3.2. The Town further acknowledges that Developer is providing an excess of 3.1 acres of developable park land. 1 i'"' ..1" j'" 9 3 ,C,I III :I. ~.., '''~ I:;) (::~ 2.4.2.3. Contributions. The Town has also established a requirement that a developer shall make a contribution or shall provide park and trail system improvements with a total value equivalent to $1,000 for every residence developed. The Off-Site Recreation Improvements shall have a value of approximately $532,000.00 Additionally, the additional 3.1 acres of developable park land that Developer intends to develop and dedicate to the Town has a value of approximately $172,000.00. Accordingly, Developer shall be deemed to satisfy the Town's contribution requirement as described in this Section 2.4.3. n ~'! : 'i: :~ 8 137139.13 2.4.3. Future Improvement Obligations. The construction (and dedication where applicable) of the Recreation Improvements located both on-site and off-site pursuant to this Section 2.4 is reasonably related to and intended to offset the burden that the development of the Property imposes on the Town. To the extent that the value of the Recreation Improvements, including dedicated real property and the physical improvements constructed thereon, exceeds the Town's current on-site and off-site recreation, open space or park improvement requirements, contributions, impact fees or assessments, the Town shall grant to Developer a credit against any and all future on-site and off-site recreation, open space or park improvement requirements, contributions impact fees or assessments that may be adopted by the Town to be imposed or assessed upon the Property and all the subdivisions within the Property consistent with A.R.S. S 9-463.05. 2.5. Retention/Detention Requirements. The construction and dedication of the Off-Site Recreation Improvements as described in this Agreement shall satisfy all retention requirements for the residential portion of the Property, except for approximately 28.5 acres of additional retention area required as shown on the Concept Plan. Upon the Town's completion of the Barnett Linear Park channel outside the Property and providing positive drainage into the Santa Cruz River, retention requirements will not be imposed on the Property. 2.6. Santa Cruz River Levee Assessment. Prior to the issuance of a building permit and pursuant to Marana Ordinance No. 99-02, Developer shall pay to the Town an assessment of $500 an acre for the 154 acres of the Property totaling approximately $77,000, as Developer's fair share contribution to the construction costs associated with the lower Santa Cruz River Levee. 2.7. Fire Protection. Prior to issuance of the certificate of occupancy for any dwelling unit, Developer shall complete the process of having the Property annexed into a fire district if the Property is not already so annexed. The fire district must be capable of providing fire prevention, fire suppression and other emergency services, and must be approved by the Town, which approval shall not be unreasonably withheld. 1 :~~ 1:1 .':;! ;~i I~l :1 j':: ,,~I I~l ~:) 3. Cooperation and Alternative Dispute Resolution. 3.1. Appointment of Representatives. To further the commitment of the Parties to cooperate in the progress of the Development, the Town, the Owner and the Developer each shall designate and appoint a representative to act as a liaison between the Town and its various departments and the Owner and/or the Developer. The initial representative for the Town (the "Town Representative") shall be the Planning Director, the initial representative of the Owner shall be Greg Wexler and the initial representative for the Developer shall be Lisa S. Hoskin or a substitute representative to be selected by the Developer. The representatives shall be available at all reasonable times to discuss and review the performance of the Parties to this Agreement and the development of the Property. I L, ~~; ~ 'I' ;) ;E. ~H ,.:r ~, 9 137139.13 3.2. Timing. The Town acknowledges the necessity for prompt review by the Town of all plans and other materials (the "Submitted Materials") submitted by Developer and/or the Owner to the Town hereunder or pursuant to any zoning procedure, permit procedure, or other governmental procedure pertaining to the development of the Property and agrees to use its best efforts to accomplish such prompt review of the Submitted Materials whenever possible. 3.3. Default; Remedies. If any party hereto defaults (the "Defaulting Party") with respect to any of such party's obligations hereunder, then any other party hereto (the "Non-Defaulting Party") shall be entitled to give written notice in the manner prescribed in Section 6.1 to the Defaulting Party, which notice shall state the nature of the default claimed and make demand that such default be corrected. The Defaulting Party shall then have (i) twenty (20) days from the date of such notice within which to correct such default if it can reasonably be corrected by the payment of money, or (ii) sixty (60) days from the date of such notice to cure such default if action other than the payment of money is reasonably required, or if any such non- monetary default cannot reasonably be cured within sixty (60) days, then such longer period as may be reasonably required, provided and so long as such cure is promptly commenced within such period and thereafter diligently prosecuted to completion. If any such default is not cured within the applicable time period(s) set forth above in this Section 3.3, then the Non-Defaulting Party shall be entitled to begin the mediation and arbitration proceedings set forth in Sections 3.4 and 3.5. The Parties hereto agree that due to the size, nature and scope of the development, and due to the fact that it may not be practical or possible to restore the Property to the condition which existed prior to Developer's development and improvement work, once implementation of this Agreement has begun, money damages and remedies at law will likely be inadequate and that specific performance will likely be appropriate for the enforcement of this Agreement. This Section 3.3 shall not limit any other rights, remedies, or causes of action that either party may have at law or in equity. 1 '~l ;~r.. iI" \:~ ::~ 1~1 3.4. Mediation. If there is a dispute under this Agreement which the Parties cannot resolve between themselves, the Parties agree that there shall be a forty- five day moratorium on arbitration during which time the Parties agree to attempt to settle the dispute by nonbinding mediation before commencement of arbitration. The mediation shall be held under the commercial mediation rules of the American Arbitration Association. The matter in dispute shall be submitted to a mediator mutually selected by the Parties. If the Parties cannot agree upon the selection of a mediator within seven days, then within three days thereafter the Parties shall request the presiding judge of the Superior Court in and for the County of Pima, State of Arizona, to appoint an independent mediator. The mediator selected shall have at least five years' experience in mediating or arbitrating disputes relating to real estate development. The cost of any such mediation shall be divided equally between the Parties. The results of the mediation shall be nonbinding on the Parties, and any Party shall be free to initiate arbitration after the moratorium. IS! i!: "::) 1. l~) 1i :~); '" 'Il'JI; ';,1 "~!; i1~, ["" e;f JO'~ ,~" ~:i 1:'" '1;~ .;:;:. 3.5. Arbitration. After mediation pursuant to Section 3.4, any dispute, controversy, claim or cause of action arising out of or relating to this 10 137139.13 Agreement shall be settled by submission of the matter by the Parties to binding arbitration in accordance with the rules of the American Arbitration Association and the Arizona Uniform Arbitration Act, A.R.S. S 12-501 et seq., and judgment upon the award rendered by the arbitrator( s) may be entered in a court having jurisdiction. [DOES THIS MEAN NO LAWSUIT IS PERMITTED? commence an action at law or in equity in the Pima County Superior Court] 4. Protected Development Rights. 4.1. Purpose. Developer has made a substantial commitment of resources for public and private improvements such as but not limited to the water system, Recreation Improvements and transportation improvements. One of the purposes of this Agreement is to establish legally protected rights for the development of the Property in a manner which is consistent with the Development Parameters and this Agreement in order to ensure reasonable certainty, stability and fairness to the Developer and the Town over the term of this Agreement. Toward this end, Developer, the Owner and the Town agree that the zoning designations and land use provisions established by the Rancho Marana Specific Plan and the Development Parameters, including but not limited to the permitted uses, density and intensity of uses, and maximum height and size of buildings, shall remain in effect and shall not be changed without the agreement of the Owner and Developer for eight (8) years following the Effective Date of this Agreement. 4.2. Future Impact Fees. In consideration for the transportation improvements described in Section 2.3 and the recreation improvements described in Section 2.4 and funded andlor constructed by Developer pursuant to this Agreement, in the event that the Town adopts an impact fee for the same infrastructure for which Developer has contributed land andlor made improvements andlor paid a voluntary fee pursuant to this Agreement, Developer shall be entitled to a credit for such contributions as set forth in A.R.S. S 9-463.05. '!I ;~~, 1:5 '~;l :(,1 5. Notices and Filings. l~l 1 I"; ,:::1 t 1 5.1. Manner of Serving. All notices, filings, consents, approvals and other communications provided for herein or given in connection herewith shall be validly given, filed, made, transmitted or served if in writing and delivered personally or sent by registered or certified United States mail, postage prepaid, if to (or to such other addresses as either party hereto may from time to time designate in writing and deliver in a like manner): The Town: Town of Maran a Planning Director 13251 N. Lon Adams Road Marana, Arizona 85653 ,i~....\...l.... ,'~ ,~~ ~?~ :~ ,( 11 137139.13 With a copy to: Town of Marana Town Attorney 13251 N. Lon Adams Road Marana, Arizona 85653 Owner: Stewart Title and Trust of Tucson as Trustee under Trust No. 3240 Attention: 3939 East Broadway Tucson, Arizona 85711 Developer: Monterey Homes Construction, Inc. Attention: Lisa S. Hoskin 4742 North Oracle Road, Suite 111 Tucson, Arizona 85705 With a copy to: Mary Beth Savel Lewis and Roca, LLP One South Church Ave., Suite 700 Tucson, Arizona 85701-1611 t " ~~'" I"", ::1 :::1 .t:l 6. General Terms & Conditions. r:iJ j 1:' ,.1 1 "l ~~ 6.1. Term. This Agreement shall become effective upon its execution by all the Parties and the taking effect of a duly adopted resolution of the Town's governing body approving the Agreement (the "Effective Date"). The term of the Agreement shall commence upon the Effective Date and, unless sooner terminated by the mutual consent of the Parties, shall automatically terminate and shall thereafter be void for all purposes twenty (20) years from the date of this Agreement. If the Parties determine that a longer period is necessary for any reason, the term of this Agreement may be extended by written acknowledgment executed by the Parties. ~ .'~~ '~l"! ~J ~! ,/ E.'..... IE: II 6.2. Waiver. No delay in exercising any right or remedy shall constitute a waiver thereof, and no waiver by the Town, the Owner or Developer of the breach of any covenant of this Agreement shall be construed as a waiver of any preceding or succeeding breach of the same or any other covenant or condition of this Agreement. 12 137139.13 6.3. Attorneys' Fees. In the event any party hereto finds it necessary to bring an action at law or other proceeding against any other party to enforce any of the terms, covenants or conditions hereof, or by reason of any breach of default hereunder, the party prevailing in any such action or other proceeding shall be paid all reasonable costs and reasonable attorneys' fees by the other party, and in the event any judgment is secured by said prevailing party, all such costs and attorneys' fees shall be included therein, such fees to be set by the court and not by jury. 6.4. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. The signature pages from one or more counterparts may be removed from such counterparts and such signature pages all attached to a single instrument so that the signatures of all Parties may be physically attached to a single document. 6.5. Headings and Recitals. The descriptive headings of the sections of this Agreement are inserted for convenience only and shall not control or affect the meaning or construction of any of the provisions hereof. The Recitals set forth at the beginning of this Agreement are hereby acknowledged and incorporated herein and the Parties hereby confirm the accuracy thereof. 6.6. Exhibits. Any exhibit attached hereto shall be deemed to have been incorporated herein by this reference with the same force and effect as if fully set forth in the body hereof. 6.7. Further Acts. Each of the Parties hereto shall execute and deliver all such documents and perform all such acts as reasonably necessary, from time to time, to carry out the matters contemplated by this Agreement. Without limiting the generality of the foregoing, the Town shall cooperate in good faith and process promptly any requests and applications for plat or permit approvals or revisions, and other necessary approvals relating to the development of the Property by the Owner, Developer and their successors. t :;:~ I:] :~l .!:l 6.8. Future Effect. r.iJ t i::~, 1 '-I \.:~I 6.8.1. Successors. All of the provisions hereof shall inure to the benefit of and be binding upon the successors, assigns and legal representatives of the Parties hereto, except as provided in Section 6.9 below. To the extent permitted by law, Developer's rights hereunder may be freely assigned by a written instrument recorded in the Official Records of Pima County, Arizona, expressly assigning such rights. Notwithstanding the foregoing to the contrary, obligations of Developer hereunder shall be binding upon anyone owning any right, title or interest in the Property, provided such obligation has been specifically assumed in writing and such writing has been recorded in the Official Records of Pima County, Arizona. The Town understands that Developer may create one or more entities or subsidiaries wholly owned or controlled by Developer for purposes of carrying out the development of the Property as contemplated in this Agreement. In the event of a ;.')~'. I~ ;~.' "~ j:) i'~..'.' . ;1 ; ;:i!J 't '.' 13 137139,13 complete assignment by Developer of all rights and obligations of Developer hereunder, Developer's liability hereunder shall terminate effective upon the assumption by Developer's assignee. 6.9. Termination Upon Sale to Public. It is the intention of the Parties that although recorded, this Agreement shall not create conditions or exceptions to title or covenants running with the land unless specifically noted otherwise in this Agreement. Nevertheless, in order to alleviate any concern as to the effect of this Agreement on the status of title to any ofthe Property, this Agreement shall terminate without the execution or recordation of any further document or instrument as to any lot which has been finally subdivided and individually (and not in "bulk") leased (for a period of longer than one year) or sold to the end purchaser or user thereof and thereupon such lot shall be released from and no longer be subject to or burdened by the provisions of this Agreement. 6.10. No Partnership and Third Parties. It is not intended by this Agreement to, and nothing contained in this Agreement shall, create any partnership, joint venture or other arrangement between Developer, the Owner and the Town. No term or provision of this Agreement is intended to, or shall, be for the benefit of any person, firm, organization or corporation not a party hereto, and no such other person, firm, organization or corporation shall have any right or cause of action hereunder. 6.11. Other Instruments. Each party hereto shall, promptly upon the request of the other, have acknowledged and delivered to the other any and all further instruments and assurances reasonably requested or appropriate to evidence or give effect to the provisions of this Agreement. 6.12. Imposition of Duty By Law. This Agreement does not relieve any party hereto of any obligation or responsibility imposed upon it by law. J, :~ b '~l 21 6.13. Entire Agreement. This Agreement constitutes the entire agreement between the Parties hereto pertaining to the subject matter hereof. All prior and contemporaneous agreements, representations and understanding of the Parties, oral or written, are hereby superseded and merged herein. 1::J ,~! ,!~ I"j i ,(I 6.14. Amendment. The Parties shall cooperate and in good faith pursue any amendments to this Agreement that are reasonably necessary to accomplish the goals expressed in the Development Parameters, and to facilitate the development of the Property in light of any changes in development requirements, including an extension of the term of this Agreement as provided in Section 6.1. If Developer or the Owner determines that it would be beneficial to amend this Agreement to include adjacent lands owned by Developer or the Owner, the Town agrees to consider in good faith such amendment. All amendments to this Agreement shall be in writing and, if approved, must be signed by all appropriate Parties. Within ten (10) days after any amendment to this Agreement, such amendment shall be recorded by, and at the expense of, the party requesting the amendment, in the Official Records of Pima County, Arizona. ,~I ;J ,,," '~~ '6 ~'...~..:...,' ~ :.'~l ::~ "" 14 137139,13 6.15. Names and Plans. Developer shall be the sole owner of all names, titles, plans, drawings, specifications, ideas, programs, designs and work products of every nature at any time developed, formulated or prepared by or at the instance of Developer in connection with the Property or any plans; provided, however, that in connection with any conveyance of portions of the infrastructure as provided in this Agreement such rights pertaining to the portions of the infrastructure so conveyed shall be assigned to the extent that such rights are assignable, to the appropriate governmental authority. 6.16. Good Standing; Authority. Developer represents and warrants to the Town that it is duly formed and validly existing under the laws of Arizona and is authorized to do business in the state of Arizona. The Town represents and warrants to Developer that it is an Arizona municipal corporation duly qualified to do business in the State of Arizona and is in good standing under applicable state laws. Each of the Parties hereto represents and warrants to the others that the individual( s) executing this Agreement on behalf of the respective Parties are authorized and empowered to bind the party on whose behalf each such individual is signing. 6.17. Severability. If any provision of this Agreement is declared void or unenforceable, such provision shall be severed from this Agreement, which shall otherwise remain in full force and effect. If any applicable law or court of competent jurisdiction prohibits or excuses the Town from undertaking any contractual commitment to perform any act hereunder, this Agreement shall remain in full force and effect, but the provision requiring such action shall be deemed to permit the Town to take such action at its discretion. If, however, the Town fails to take the action specified hereunder, Developer and/or the Owner shall be entitled to terminate this Agreement. . I. I"" .~:~, I:; ~1 leI 6.18. Governing Law/Arbitration. This Agreement is entered into in Arizona and shall be construed and interpreted under the laws of Arizona, and the Parties agree that any litigation or arbitration shall take place in Pima County, Arizona. In particular, this Agreement is subject to the provisions of A.R.S. ~ 38- 511. This Agreement has been negotiated by the Town and Developer, and no party shall be deemed to have drafted this Agreement for purposes of construing any portion of this Agreement for or against any party. Any dispute, controversy, claim or cause of action arising out of or relating to this Agreement shall be settled by submission of the matter by both Parties to binding arbitration in accordance with the rules of the American Arbitration Association and the Arizona Uniform Arbitration Act, A.R.S. ~ 12-501, et seq., and judgment upon the award rendered by the arbitrator(s) may be entered in a court having jurisdiction thereof. ~;l :1. ~.. ,.:l t 1:"' ""I ~i >it, iil''jt :~; f: 6.19. Recordation. No later than ten (10) days after this Agreement has been executed by the Town, the Owner and Developer, the Town shall record the Agreement in its entirety in the Official Records of Pima County, Arizona. ; ;i~ ~i: 'WI ~r 15 137139.13 6.20. No Developer Representations. Except as specifically set forth herein, nothing contained herein shall be deemed to obligate the Town, the Owner or Developer to complete any part or all of the development of the Property. 6.21. Approval. If any party is required pursuant to this Agreement to give its prior written approval, consent or permission, such approval, consent or permission shall not be unreasonably withheld or delayed. 6.22. Force Majeure. If any party hereto shall be unable to observe or perform any covenant or condition herein by reason of "force majeure," then the failure to observe or perform such covenant or condition shall not constitute a default hereunder so long as such party shall use its best effort to remedy with all reasonable dispatch the event or condition causing such inability and such event or condition can be cured within a reasonable amount of time. "Force majeure," as used here, means any condition or event not reasonably within the control of such party, including without limitation, "acts of God"; strikes, lock-outs, or other disturbances of employer/employee relations; acts of public enemies; orders or restraints of any mind of the government of the United States or any state thereof or any of their departments, agencies, or officials, or of any civil or military authority; insurrection; civil disturbances; riots; epidemics; landslides; lightning; earthquakes; subsidence; fires; hurricanes; storms; droughts; floods; arrests, restraints of government and of people; explosions; and partial or entire failure of utilities. Failure to settle strikes, lock-outs and other disturbances of employer/employee relations or to settle legal or administrative proceedings by acceding to the demands of the opposing party or Parties, in either case when such course is in the judgement of the party hereto unfavorable to such party, shall not constitute failure to use its best efforts to remedy such a condition. 6.23. Time of the Essence. Time is of the essence in this Agreement. :I.. ll'U'" ,~:~ 1:1 ::~ 4 IN WITNESS WHEREOF, the Parties have executed this Agreement the day and year written below. Date: tjJ1/o tf TOWN OF MARANA an Arizona municipal corporation I:;) :l.. ,"., .~:i 1 I"" 1::1 ATTEST: ~ B~~ yor bby Sutton, Jr. , r~l; ;::~ ~"'.mJ .I " '~ ~ ~~~ '~,~ ~.~ 16 137139,13 APPROVED AS TO FORM AND AUTHORITY The foregoing Agreement has been reviewed by the undersigned attorney who has determined that it is in proper form and within the power and authority granted under the laws ofthe State of Arizona to the Town of Marana. STATE OF ARIZONA ) ) ) ss. County of Pima /~The foregoi LL- day of document was sworn to and acknowledged before me the , 2004, by Bobby Sutton, Jr., in his capacity as , an Arizona munici~ 1 corporation.. OFFICIAL SEAL e FRANK J. CASSIDY Notary Public . State of ArizonI PIMA COUNTY My Comm. Expires April 13, 2008 My ~mmission Expires: .f'} . t? 9' 1 '''1 ;t" a"f', !:~ ") ';:1 t ." ~A 1 I"" ,:1 t ~;r ,t~ 'l'~~' ,it ij ~ 17 137139.13 Date: (}.AU dD J Marana 154 General Partnership, an Arizona general partnership By Stewart Title and Trust of Tucson, an Arizona corporation, as Trustee under :~;m Noone Pat Spauldinq Its Trust Officer STATE OF ARIZONA County of Pima ) ) ss. ) The foregoing document was sworn to and acknowledged before me the 20th day of AUGUST , 2004, by PAT SPAULDING , of Stewart Title and Trust of Tucson, an Arizona corporation, in its capacity as Trustee under Trust No. 32400nly,~H~:ROO~UU!~~~~K.X as Trust Officer. ~~j1~ . Notary Public My CpmmissionjExpires: f-Iq,ov e Official Seal NOTARY PUBLIC . . .... :f~Y~~~~:t&~; My CommiSSion Explf&s April 19, 2006 1 ''''j III l:l :3 .!l l:~ l 1:0 ;01 1 :f:~ .' I''''l e f: " ~' .' t' 18 137139.13 Date: ~ -t'/-o4 STATE OF ARIZONA County of V\-mC- ) ) ss. ) The foregoing document was sworn to and acknowledged before me the lLday of August, 2004, by Greg Wexler, General Partner of Marana 154 General Partnership, an Arizona general partnership on behalf of the corporation. ~jo~~hljjU~ Notary Public My Commission Expires: ~-q-07 EUSABETT BALDERRAMA No:ory DubHe - Arizona p" ,,(1 c;ounty My Comr !;!SSlon Expires September 9,2007 I.. i"'1i ~~:, I"", :.1 2~ 4 l:~ i. 1"0; ;.:::1 t ~:l Iji ;Jl 1': ,J, ~ ~, !Pi ,! :~~ 1 . 11 , 18 137139.13 DateQ' STATE OF ARIZONA County of (JIm tL Marana 154 General Partnership, ~ll1ifIJ Name Greg Wexler Its Beneficiary ) ) ss. ) The foregoing document was sworn to and acknowledged before me the ~day of August, 2004, by Greg Wexler. Beneficiary of Maran a 154 General Partnership, an Arizona general partnership on behalf of the corporation. My C<]1illII)issio~Expires: Lf- q -Dc..r ELlSABETT BALDERRAMA Notary Public - Arizona Pima County My Commission Expires September 9, 2007 '(f}~&cfu~~ Notary Public 19 :1 1"1 ..1", j'" I::> '~f ~'T I' I,,, 1~;1 :I. I"" ,.::1 "I i~:", I::J " i~:~ ",,0 . " t, ' l~ , . "' 137139.13 Marana 198 Limited Partnership, an Arizona limited liability partnership ~ Date: By Name Robert Sarver Its Beneficiary STATE OF (!~J2~ +J ril/ q County of ~tl b i ~ j() ) ) ss. ) Ii The f~regoing docume:.J!'s swofl1 to )pd acknowledged before m~ ~e . ~day of AlA, u~{-2004, by t be rL ':01.. ifV~ Y , @-ctle..-vz{ ~.Jttrbu-{' of Marana 198 Limited Partnership, an Arizona limited liability partnership on behalf of the corporation. ~cA~ Notary Public My Commission Expires: 1-/t.{--() 1 . COU&N D. UNI( CoInrMIIon ill G& 116 HoIary PublIc . CaIIIomIa I Ian DIego CounIv ..... "" 1.. 200 1 '"I .~:.~ F; ::1 .!:t 1;:1 ~: '''I :~> it" t 'fl If' ~ ,.' r'l'_l r ~, '" ~ ,!:.c ':1' ::~ 19 137139.13 Date: ~)17JD4 . STATE OF ARIZONA YimfA./ County of Monterey Homes Construction, Inc., an Arizona corporation By i visfD rJ ) ) ss. ) The foregoin document was sworn to and acknowledged before me the J1 th day of ' ~. , 2004, by Jeffrey R. Grobstein, ~fdW-.,/.t!iJ1.Dj{.of M terey Homes Construction, Inc., an Arizona corporation, on behalf of the corporation. ~ission Expires: \\ '1 'Z004- . 19 !i. i' ;~'''' ~.., \;" J .tl l~;) :It C'" ,:;1 ;~~~ '''1 4~~ ~ '; ~1 t~ '.1' J :, ~f ,I 13713913 No. 230-4036877 EXHIBIT "A" The Southeast quarter of Section 28, Township 11 South, Range 11 East, Gila and Salt River Base and Meridian, Pima County, Arizona, EXCEPT that portion described as follows: Beginning at a point 37.5 feet North and 37.5 feet West of the Southeast corner of said Section 28, which is the True Point of Beginning; Thence West and parallel to the South line of said Section, a distance of 100 feet to a point; Thence North and parallel to the East line of said Section, a distance of 100 feet to a point; Thence East and parallel to the South line of said Section, a distance of 100 feet to a point; Thence South and parallel to the East line of said Section 100 feet to a point which is the True Point of Beginning. FURTHER EXCEPT that portion described as follows: EXCEPT the North 290 feet 6 inches of the West 170.00 feet of the Southeast quarter of Section 28, Township 11 South, Range 11 East, Gila and Salt River Base and Meridian, Pima County, Arizona; EXCEPT the West 20 feet thereof; :t '''' il" '''' ") :3 i~l FURTHER EXCEPT those portions lying within Moore Road, as established in Book 2 of Road Maps at Page 19 and Grier Road 117, now known as Sandario Road, as established in Book 2 of Road Maps, at Page 173. 1::1 :l !:l ~~> ~I:"l ~~: ~ ...II. 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