HomeMy WebLinkAboutResolution 2004-123 release of assurance agreements for continental ranch business park for lots 1-8 F. ANN RODRIGUEZ,
RECORDED BY: D_K
DEPUTY
7864
SMARA
TOWN OF MARANA
ATTN: TOWN CLERK
13251 N LON ADAMS RD
MARANA AZ 85653
RECORDER
RECORDER
PE1
DOCKET: 12370
NO. OF PAGES: 4
08/20/2004
RES 16: 55
MAIL
AMOUNT PAID $ 8.00
MARANA RESOLUTION NO. 2004-123
RELATING TO SUBDIVISIONS; APPROVING THE RELEASE OF ASSURANCE
AGREEMENTS FOR CONTINENTAL RANCH BUSINESS PARK, TRUST NO. 4741, FOR
LOTS 1-8 AND ACCEPTANCE OF PUBLIC IMPROVEMENTS FOR MAINTENANCE.
WHEREAS, Continental Ranch Business Park is a 58.60 acre subdivision located south of
Frontage Road and west of Cortaro Road containing Lots 1-8, and is recorded at the Pima County
Recorder's Office in Book 49 of Maps and Plats, Page 37; and
WHEREAS, the Town previously entered into Assurance Agreements with Southwest Value
Partners IV Limited Partnership under Trust No. 4741 and First American Title Insurance
Company (trustee), recorded at the Pima County Recorder's Office at Docket 10498, Page 456,
assuring the completion of public improvements; and
WHEREAS, Southwest Value Partners IV Limited Partnership has completed the public
improvements acceptable to Town standards in accordance with the Assurance Agreement for
Continental Ranch Business Park.
NOW, THEREFORE, BE IT RESOLVED by the Mayor and Council of the Town of Marana
as follows:
Section 1. Continental Ranch Business Park, lots 1 through 8, is hereby released
from the Assi~rance Agreement with Southwest Value Parmers IV Limited Partnership under Trust
No. 4741 and First American Title Insurance Company.
Section 2. The Town accepts for maintenance, including maintenance of
regulatory traffic control and street signs, 1.08 miles of paved streets for the following
appurtenances, as depicted on Exhibit A:
a) Hospitality Road
b) Cracker Barrel Road
Marana, Arizona Resolution No. 2004-123
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PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this
17th day of August, 2004.
ATTEST:
(,fi~OWl~ Cl~rk
APPROVED AS TO FORM:
Mayor B~B~¥ SUTTON, JR.
Marana, Arizona Resolution No. 2004-123
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