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HomeMy WebLinkAboutC01-270 Assignment of CD for New Pipeline Installations Continental West Constructorscot- 2`7C IV ASSIGNMENT OF CERTIFICATE OF DEPOSIT New Pipeline Installations, Inc., dba Continental West Constructors, Inc. To Eagle County TO: Wells Fargo Bank West, N.A. For valuable consideration, receipt of which is hereby acknowledged, New Pipeline Installations, Inc., dba Continental West Constructors, Inc. hereby assigns to the County of Eagle, State of Colorado, an interest in Certificate of Deposit No. 0263283327 to the extent of Two Thousand Dollars ($2,000.00), excluding all interest now due or to become due on the assigned amount. This Assignment is given as security for Road Cut Permit No. `3 03 i . This Assignment shall be a continuing assignment and shall remain effective until the Board of County Commissioners, by written resolution, authorizes the release of the security. Eagle County may authorize a reduction in the security represented by this Assignment, by written resolution. New Pipeline Installations, Inc., dba Continental West Constructors, Inc. hereby authorizes Eagle County to demand and collect all or any portion of the deposit to the extent of the assigned amount in accordance with this Assignment, and to issue a receipt for any sums received therefrom New Pipeline Installations, Inc., dba Continental West Constructors, Inc. hereby directs Wells Fargo Bank West, N.A. to pay to the County, its legal representative, successors or assigns, upon written demand, the amount so demanded, to the extent of the assigned amount. This Assignment shall neither be amended nor terminated without the consent of all signatories hereto, which shall be in writing. t- DONE this .7-7 day of 120 New Pipeline Installations, Inc., dba Continental West Constructors, Inc. STATE OF COLORADO COUNTY OF EAGLE The foregoing was acknowledged WITNESS my hand and official seal. tIOTA R y� 15STA% /�, 4t,,� edj of 20 01 by Mindy Jelen, Notary Public My commission expires State of Cobrado MY Commission Expires 7/16/2005 nyl-1-1 Notary Public C-/1 ; C, On behalf of Wells Fargo Bank West, N.A., I approve the conditions set forth in this Assignment of Certificate of Deposit, and agree that the Assignment shall not be terminated without the written authorization of the Board of County Commissioners of Eagle County, Colorado. DONE this day of STATE OF COLORADO COUNTY OF EAGLE Wells Fariza Bank Ust. I.V.A. 'NOTA R ss. N� ;• P U B L I G; ' Q PV The fore oing was acknowledged tivuj as WITNESS my hand and official seal. day of tLj tiI , 20_&4�_, by of Wells Fargo Bank West, N.A. Mindy Jelen, Notary Public My commission expires State of Colorado My Commission Expires 7/16/2005 ' M0-4-- Notary Public APPROVED: COUNTY OF EAGLE, STATE OF COLORADO By and Through its BOARD OF COUNTY COMMISSIONERS jl6rk to the Board of Coup donmssio el- 7 D. /