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HomeMy WebLinkAboutResolution 2002-040 release of assurance for continental ranch sunflwoer phase VIIMARANA RESOLUTION NO. 2002-40 A RESOLUTION OF THE MAYOR AND COUNCIL OF THE TOWN OF MARANA, ARIZONA, AUTHORIZING THE RELEASE OF THE ASSURANCE AGREEMENT BETWEEN DEL WEBB HOME CONSTRUCTION, INC., LAWYERS TITLE OF ARIZONA, AND TOWN OF MARANA FOR LOTS 730 THROUGH 844 AND COMMON AREAS BB-BB THROUGH MM-MM, AND ACCEPTING FOR MAINTENANCE THE PUBLIC IMPROVEMENTS IN CONTINENTAL RANCH SUNFLOWER PHASE VII. WHEREAS, Continental Ranch Sunflower Phase VII is a 24.69 acre subdivision located north of Twin Peaks Road and east of Sunflower Ridge Road containing Lots 730 through 844 and Common AreasBB-BB through MM-MM as depicted on Exhibit A and incorporated herein by this reference, and recorded at the Pima County Recorder's Office in Book 54 of Maps and Plats, Page 15; and WHEREAS, the Town has previously entered into an Assurance Agreemem between Del Webb Home Construction, Inc., (beneficiary) under Trust No. 7975-T and Lawyers Title of Arizona, (trustee), recorded at the Pima County Recorder's Office at Docket 11719, Page 4482 assuring the completion of public improvements; and WHEREAS, Del Webb Home Construction, Inc., has completed the public improvements acceptable to Town standards in accordance with the Assurance Agreement for Continental Ranch Sunflower Phase VII. WHEREAS, Del Webb Home Construction, Inc., shall cominue to satisfy all Linear Park financial requirements to the full satisfaction of the Town. NOW, THEREFORE, BE IT RESOLVED bythe Mayor and Council ofthe Town of Marana as follows: Section 1. Cominental Ranch Sunflower Phase VII, lots 730 through 844 and Common Areas BB-BB through MM-MM are hereby released fi.om the Assurance Agreement between Del Webb Home Construction, Inc., under Trust No. 7975-T, and Lawyers Title of Arizona. Section 2. The Town accepts for maintenance, including maintenance of regulatory traffic control and street signs, 0.81 miles of paved streets for the following appurtenances, as depicted on Extfibit A: · Dancing Gecko Place Desert Cactus Way Desert Mist Lane Madrigal Drive Sombrero Canyon Drive Sunflower Blossom Place Section 3. Common Areas BB-BB through MM-MM, as depicted on Exhibit A, shall be owned and maintained by the Sunflower Community Association. PASSED AND ADOPTED by the Mayor and Council of the Town of Marana, Arizona, this 2na day of April, 2002. ATTEST: APPROVED AS TO FORM: As Town Attorney and not personally / / / E .L33H~ 335 zz ~'o,'..~.~ 'M-OOBZ NAIVE NOANFD OM$~ENO$ L~ L~J L~J L~J F- I11 Z ~33H$ F SDVTd N05507~ ~ l~ NOIdD3S I I I I I I I