Action 6.
Regular Board of Supervisors Meeting
Community Development
- Meeting Date:
- 05/20/2014
- Title:
- Request to Extend the Assurance Agreement for The Oaks Subdivision
- Submitted By:
- Mike Turisk, Community Development
- Department:
- Community Development
- Division:
- Planning & Zoning
Presentation:
PowerPoint
Recommendation:
Approve
Document Signatures:
BOS Signature Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
1
NAME
of PRESENTER:
of PRESENTER:
Michael Turisk
TITLE
of PRESENTER:
of PRESENTER:
Planning Manager
Docket Number (If applicable):
S-04-03
Mandated Function?:
Not Mandated
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Information
Agenda Item Text:
Adopt Resolution 14-12, approving an extension of the Assurance Agreement for The Oaks Subdivision with Pioneer Title Agency, Inc., an Arizona Company, as Trustee No.319061 for Castle and Cook Arizona, LLC, an Arizona Corporation as Beneficiary of Trust No. 319061, to May 9, 2017.
Background:
This is a request from Pioneer Title Agency, Inc. for an extension of the Assurance Agreement for the completion of improvements for The Oaks Subdivision, Phases II through V.
The Oaks consists of 113 lots on 503-acres, is zoned RU-4, and located at the east side of South State Route 92 at Three Canyons Boulevard, within the Southern San Pedro Valley Area Plan and the Sierra Vista Sub-watershed. The project is served by the Bella Vista Water Company and has an average lot of 4.45-acres. Phase I was completed in February 2008 with 29 lots released. Eighty-four (84) lots remain secured under the Assurance Agreement.
The Board of Supervisors approved the final plat on May 1, 2007, and both the Final Plat and the Assurances were recorded on May 9, 2007. On September 13, 2011, the Board approved an extension of assurances to May 9, 2014. If this request is approved, the Assurances would be extended to May 9, 2017.
If the request is approved, the Extension of Assurance Agreement, the contract between Cochise County, the Trustee, and the Beneficiaries, is presented for the Chairman's signature.
The Oaks consists of 113 lots on 503-acres, is zoned RU-4, and located at the east side of South State Route 92 at Three Canyons Boulevard, within the Southern San Pedro Valley Area Plan and the Sierra Vista Sub-watershed. The project is served by the Bella Vista Water Company and has an average lot of 4.45-acres. Phase I was completed in February 2008 with 29 lots released. Eighty-four (84) lots remain secured under the Assurance Agreement.
The Board of Supervisors approved the final plat on May 1, 2007, and both the Final Plat and the Assurances were recorded on May 9, 2007. On September 13, 2011, the Board approved an extension of assurances to May 9, 2014. If this request is approved, the Assurances would be extended to May 9, 2017.
If the request is approved, the Extension of Assurance Agreement, the contract between Cochise County, the Trustee, and the Beneficiaries, is presented for the Chairman's signature.
Department's Next Steps (if approved):
If approved, the Chairman will sign and the Extension will be recorded with a new expiration date of May 9, 2017.
Impact of NOT Approving/Alternatives:
The subdivision could be abandoned.
To BOS Staff: Document Disposition/Follow-Up:
After recorded resolution is returned to the Board office for filing, please send a copy to the Planning Manager.