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DocuSign Envelope ID: 6EB9F8CE-FE06-47AE-B651-F81976454D0B MARICOPA COUNTY RESOLUTION NO. C- ___________ A RESOLUTION OF THE BOARD OF SUPERVISORS OF MARICOPA COUNTY, PHOENIX, ARIZONA (THE “COUNTY”) AUTHORIZING EXECUTION ON BEHALF OF THE COUNTY, AN ASSURANCE AGREEMENT BETWEEN THE COUNTY AND JEN ARIZONA 36, LLC (HEREAFTER, THE “OWNER”) REGARDING IMPLEMENTATION OF THE DEVELOPMENT KNOWN AS THE WHITE TANK VISTAS SUBDIVISION WHEREAS, Maricopa County is a growing county with respects to population, and expects population growth to continue in the foreseeable future, and WHEREAS, a sizable portion of this population growth will occur in unincorporated areas as a result of large master-planned communities that will include a significant number of residents and various types of land uses; and WHEREAS, the Board of Supervisors recognizes that it must exercise its authority to accommodate growth in an efficient manner that protects County residents and taxpayers from undue fiscal burdens; and WHEREAS, pursuant to Arizona Revised Statues §11-821(C) the posting of an assurance satisfactory to the County, ensuring the completion of necessary infrastructure, is required as a pre-condition to the granting of an approval to subdivide property; and WHEREAS, Owner owns certain real property in unincorporated Maricopa County comprising a total of approximately 108 acres (the “Property”); and WHEREAS, Owner represents and warrants that it is the fee title owner of the Property and has an interest in the Property as described in Arizona Revised Statutes §11-1101 B; and WHEREAS, County wishes to enter into an assurance agreement in form and substance acceptable to the County with Owner (the “Assurance Agreement”) for the subdivision known as White Tank Vistas in accordance with ARS §11-821 to help ensure timely and efficient development of infrastructure and services for future residents within the Property, and to help minimize fiscal impacts to County residents and taxpayers; DocuSign Envelope ID: 6EB9F8CE-FE06-47AE-B651-F81976454D0B WHEREAS, ARS §11-821 provides that the Board of Supervisors may regulate the subdivision of lands within its corporate limits by requiring the posting of performance bonds or other forms of assurances, including assurance agreements, necessary to ensure the installation of required street, sewer, electric and water utilities; and drainage and flood control improvements meeting minimum standards of design and construction; and WHEREAS, the Board of Supervisors has agreed to accept from Owner in order to meet such requirements an assurance in the form of the “Assurance Agreement”. NOW, THEREFORE, BE IT RESOLVED, the Board of Supervisors of Maricopa County authorizes execution of the Assurance Agreement on behalf of the County. EXECUTED this ___ day of __________, 2024 2023, by Maricopa County Board of Supervisors, Phoenix, Arizona. _______________________________ Chairman, Board of Supervisors APPROVED AS TO FORM: ATTEST: __________________________________ _______________________________ Attorney for the County Clerk of the Board