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HomeMy WebLinkAboutResolution 2003-030 release of assurance for countryside ridgeMARANA RESOLUTION NO. 2003-30 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT BETWEEN U.S. HOME CORPORATION, FIDELITY NATIONAL TITLE AGENCY OF ARIZONA, AND TOWN OF MARANA FOR LOTS 1 THROUGH 93 AND COMMON AREAS A - C, AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN COUNTRYSIDE RIDGE. WHEREAS, Countryside Ridge is a 22.07 acre subdivision located east of Hartman Lane and south of Linda Vista Blvd. containing Lots 1 through 93 and Common Areas A - C as depicted on Exhibit A and incorporated herein by this reference, and recorded at the Pima County Recorder's Office in Book 55 of Maps and Plats, Page 68; and WHEREAS, the Town has previously entered into an Assurance Agreement between U.S. Home Corporation, (beneficiary) under Trust No. 30,189 and Fidelity National Title Agency of Arizona, (trustee), recorded at the Pima County Recorder's Office at Docket 11757, Page 730 assuring the completion of public improvements; and WHEREAS, U.S. Home Corporation, has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Countryside Ridge; and WHEREAS, U.S. Home Corporation has posted a performance bond for remaining sidewalk to be installed; and NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. Countryside Ridge, lots 1 through 93 and Common Areas A - C are hereby released fi.om the Assurance Agreement between U.S. Home Corporation, under Trust No. 30,189, and Fidelity National Title Agency of Arizona. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 0.62 miles of paved streets for the following appurtenances, as depicted on Exhibit A: ao Canyon Towhee Street Marsh Wren Place Scarlet Tanager Lane Winter Wren Avenue Page 1 of 2 Matana, Arizona Resolution No. 2003-30 PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 15th day of April, 2003. ATTEST: x..~C. Jocel~.-Bronsoh---, - /./ Town (~lerk APPROVED AS TO FORM: Daniel J. Hochuli, Esq. As Town Attorney and not personally Ma~rBOBBYSUTTON, JR. Page 2 of 2 Marana, Arizona Resolution No. 2003-30 ¢i 030]A~OSnSNn (ON) '~-00~§ [1 I ,96'0H 3nN3A¥ (J. 33~$ -/A-O0~¢% I