Action 13.
Regular Board of Supervisors Meeting
Community Development
- Meeting Date:
- 06/28/2016
- Title:
- Assurance Agreement Extension Request for Rancho Arizona Subdivision
- Submitted By:
- Paul Esparza, Community Development
- Department:
- Community Development
- Division:
- Planning & Zoning
Presentation:
No A/V Presentation
Recommendation:
Approve
Document Signatures:
BOS Signature Required
# of ORIGINALS
Submitted for Signature:
Submitted for Signature:
1
NAME
of PRESENTER:
of PRESENTER:
Paul Esparza
TITLE
of PRESENTER:
of PRESENTER:
Planning Director
Docket Number (If applicable):
S-03-02
Mandated Function?:
Not Mandated
Source of Mandate
or Basis for Support?:
or Basis for Support?:
Information
Agenda Item Text:
Approve Extension of Assurance Agreement for the completion of the Rancho Arizona Subdivision improvements, Docket S-03-02, to July 6, 2019, per the request of developer James W. Sandlin.
Background:
The Rancho Arizona Subdivision is a 48-lot RU-4 development located about a one-half mile west of Palominas Road and one-half mile south of Three Canyons Road. When complete, the development would take access from Rancho Arizona Drive, a private street which would extend east to Palominas Road. The Board of Supervisors approved the Final Plat on June 13, 2006. The assurance agreement is a contract between the Board of Supervisors and a trust company that guarantees lots will not be offered for sale until all infrastructure improvements are completed. The assurance agreement under current consideration would expire on July 6, 2016. The developer has requested a fourth extension citing weak economic conditions in the overall real estate market. The final plat and assurance agreement were recorded on July 6, 2006 and provided three years for completion of the improvements.
In June 2009, staff granted an administrative extension for one year to July 6, 2010.
In June 2010, the BOS extended the assurance agreement for three years to July 6, 2013.
In June 2013, the BOS extended the assurance agreement for three years to July 6, 2016.
In June 2009, staff granted an administrative extension for one year to July 6, 2010.
In June 2010, the BOS extended the assurance agreement for three years to July 6, 2013.
In June 2013, the BOS extended the assurance agreement for three years to July 6, 2016.
Department's Next Steps (if approved):
If the Board approves the extension request, the next step would be for the Board Chairman, Clerk of the Board and the Deputy County Attorney to sign the Extension Agreement.
Impact of NOT Approving/Alternatives:
If the Board does not approve the extension request, the assurance agreement for this subdivision will expire on July 6, 2016.The Assurance Agreement provides authorization for the County to abandon the subdivision final plat and covert the property to unsubdivided land if the required improvements fail to be installed in compliance with the County's standard specifications within three years.
To BOS Staff: Document Disposition/Follow-Up:
When the document has been signed by all parties, please return the original to the Planning Division for recordation and filing.