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HomeMy WebLinkAboutResolution 2003-031 release of assurance for cancion de la lunaMARANA RESOLUTION NO. 2003-31 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT BETWEEN PULTE HOME CORPORATION, LAWYERS TITLE OF ARIZONA, AND TOWN OF MARANA FOR LOTS 1 THROUGH 88 AND COMMON AREAS A - C, AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN CANCION DE LA LUNA. WHEREAS, Cancion De La Luna is a 23.33 acre subdivision located north of Drainage Way No. 2 and east of Coachline Blvd. containing Lots 1 through 88 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 25; and WHEREAS, the Town has previously entered into an Assurance Agreement between Pulte Home Corporation, (beneficiary) under Trust No. 7924-T and Lawyers Title of Arizona, (trustee), recorded at the Pima County Recorder's Office at Docket 11657, Page 1822 assuring the completion of public improvements; and WHEREAS, Pulte Home Corporation, has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Cancion De La Luna; and WHEREAS, Pulte Home Corporation, has satisfied all Linear Park financial requirements to the full satisfaction of the Town. NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana as follows: Section 1. CancionDe LaLuna, lots 1 through 88 and Common Areas A- C are hereby released from the Assurance Agreement between Pulte Home Corporation, under Trust No. 7924-T, and Lawyers Title of Arizona. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 0.6 miles of paved streets for the following appurtenances, as depicted on Exhibit A: ao Armor Crest Road Blue Crossing Way (that potion within Cancion De La Luna) Creosote Spring Court Desert Paintbrush Court Sand Dollar Court Marana, Arizona Resolution No. 2003-31 Page 1 of 2 Section 3. Common Areas A - C, as depicted on exhibit maintained by the Continental Ranch Community Association. A, shall be owned and 15th PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this day of April, 2003. ATTEST: onso Town Clerk APPROVED AS TO FORM: .I~"am~' e_l__J.._.H~ochuli, Esq. As Town Attorney and not personally ~.-~./ (?.~.t_~_.. X.,.-. ~ - Mayor BOBBY SUTTON, JR. Marana, Arizona Resolution No. 2003-31 Page 2 of 2 L ®®®®® ®®®®®