HomeMy WebLinkAboutResolution 91-010 deferring subdivision fees for marana gardens subdivisionRESOLUTION NO. 91-10
A RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF MARANA, ARIZONA
DEFERRING SUBDIVISION FEES FOR MARANA GARDENS SUBDIVISION.
WHEREAS THE TOWN COUNCIL OF THE TOWN OF MARANA RECOGNIZES
THE NEED FOR AFFORDABLE QUALITY HOUSING IN THE TOWN; and
WHEREAS THE TOWN WISHES TO ENCOURAGE NEW DEVELOPMENT WITH
THE TOWN; and
WHEREAS THE DEVELOPERS OF MARANA GARDENS SUBDIVISION PROPOSE
TO BUILD AFFORDABLE RESIDENTIAL HOUSING WITHIN THE TOWN; and
WHEREAS THE TOWN COUNCIL RECOGNIZES THE CURRENT STATE OF THE
LOCAL AND REGIONAL ECONOMY AND THE DIFFICULTY IN DEVELOPING
AFFORDABLE QUALITY HOUSING;
NOW, THEREFORE BE IT RESOLVED AS FOLLOWS:
1. All applicable subdivision and development fees for the
Marana Gardens Subdivision shall be deferred until such time as
the first unit thereof shall be sold, at which time all deferred
fees shall become fully due and payable.
2. The owners and developers of Marana Gardens Subdivision
shall execute such documents as shall create a lien upon said
property for the full amount of the deferred fees, or shall post
sufficient other collateral to guarantee the payment thereof.
3. The Council has determined to defer the fees in this
instance due to the unique circumstances of the current economic
situation and the need for affordable residential development in
the Town. This Resolution is intended solely to address this
particular circumstance and shall not be construed as a Town
policy for deferral of subdivision and development fees.
Passed by the Marana Town Council this 5th day of March,
1991.
ATTEST:
MAYOR
APPROVED AS TO FORM:
/TOWN CLERK
O~WN ~ ATTORNEY ~