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HomeMy WebLinkAboutC87-043 Amendment to SIA for Summit VistaC87-43-28
AMENDMENT T•
SUBDIVISION IMPROVEMENTS AGREMA
SUMMIT VISTA SUBDIVISION
COUNTY OF EAGLE, STATE OF COLORADO
THIS AMENDMENT made and entered into this 16th day of
March , 1987, by and between SUMMIT VISTA, LTD., hereinaf-
ter referred to as the "Subdivider," and THE BOARD OF COUNTY
COMMISSIONERS OF EAGLE COUNTY, hereinafter referred to as the
"County."
WHEREAS, on or about August 22, 1984, the Subdivider and
the County entered into a Subdivision Improvements Agreement
as a condition of final plat approval of Summit Vista Subdivi-
sion; and
WHEREAS, to secure and guarantee faithful performance of
its obligations thereunder, the Subdivider provided collateral
in the form of a plat restriction on all lots within the
Subdivision; and
WHEREAS, pursuant to Resolution No. 85-21, the County
deleted said plat restriction as the same related to Lots 20
through 40, inclusive, of Summit Vista Subdivision, and
accepted as substitute collateral therefor an irrevocable
letter of credit; and
WHEREAS, the County conditioned its acceptance of the
substitute collateral upon certain amendments being made to
the Subdivision Improvements Agreement to ensure that the
County be reimbursed for all reasonable collection costs
associated with enforcement of the Subdivision Improvements
Agreement.
NOW, THEREFORE, the County and the Subdivider agree to
amend that certain Subdivision Improvements Agreement dated
August 22, 1984, by the addition of a paragraph 2(a), as
follows:
2 (a ) If, for purposes of enforcing this
Agreement, the County is forced to draw upon
any collateral or substitute collateral provided
by Subdivider pursuant to the terms herein, it
is understood by the parties that the County
shall draw from any such collateral funds in
an amount sufficient to reimburse the County
for reasonable collection and travel costs
associated with the enforcement of this
Agreement.
All other terms and conditions of the original agreement
and any prior amendments thereto shall remain in full force
and effect.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: BOARD OF COUNTY COMMISSIONERS
By By
Clerk o. 4he Board of chard L: usrtafso ' Chairman
t-
Coun,-t �" ssioners ` s
r v y
SUBDIVIDER:
SUMMIT VISTA, LTD.
By:
J n A. Christiansen
G neral Partner
STATE OF COLORADO )
ss
County of Eagle )
The foregoing was acknowledged before me this A day
of �ML�'1C , 1987, by John A. Christ&ansen, as a
general partner of Summit Vista, Ltd. eaxk_
WITNESS my hand and official seal.
My commission expires:
Notary Public