HomeMy WebLinkAboutC03-125 CDOTOFFICE OF THE BOARD OF COMMISSIONERS (970)328-8605 FAX (970) 328-8629 TDD (970) 328-8797 Email: Eagleco@eagle-county.com fr~GL~ COUNTY May 13, 2003 Colorado Department of Transportation 4201 E. Arkansas Room 240 Denver, Colorado 80222 ~ I MI^:'HAEL L. GALLAGHER TOM C. STONE ARN M. MENCONI Re: Colorado State Infrastructure Bank Loan Agreement and Promissory Note between SCAT and CDOT Ladies and Gentlemen: This letter is a formal acknowledgment by the Eagle Board of County Commissioners (`Board") of the Colorado Department of Transportation's ("CDOT") right to withhold Aviation Fuel Tax funds from Eagle County in the event that Eagle County Terminal Corporation ("ECAT") defaults on the Colorado State Infrastructure Bank Loan Agreement and Promissory Note entered into between ECAT and CDOT, dated as of May 15, 2003. The Board agrees that while the County does not guarantee or agree to pay such loan, in the event of such withholding, Eagle County will not contest CDOT's legal authority to withhold such funds. Sincerely, EAGLE BOARD OF COUNTY COMMISSIONERS BoCC/djf Tom C. Stone Commissioner Arn M. Menconi Commissioner Eagle County Building, 500 Broadway, P.O. Box 850, Eagle, Colorado 8 1 63 1-0850 !P-`' s EAGLE COUNTY BOARD OF COUNTY COMMISSIONERS AGENDA REQUEST &-STAFF RECOMMENDATION FORM TITLE: Letter of Acknowledgment regarding CDOT's right to withhold Aviation Fuel Taz funds from Eagle County LOCATIOP~: Eagle County Room STAFF CO.°~'~'ACT/PRESENTER: Mark Davidson, Director of A;~s~tion and County Attorney Representative DEPARTMENT: Airport/County Attorney REQUESTED HEARING DATE: 4/29/03 (1stChoice) 5/6/03 (2nd Choice) CHECK ONE: CONSENT CALENDAR X ON THE RECORD WORK SESSION LENGTH OF TlME REQUESTED/REQUIRED: 5 minutes HAVE THE DOCUMENTS TO BE SIGNED BEEN REVIEWED AND APPROVED BY THE COUNTY ATTORNEY OFFICE? ATTORNEY 1F THIS IS A CONTRACT OR OTHER ITEM REQUIRING AN EXPENDITURE, IS THE FULL AMOUNT TO COVER THIS REQUEST IN THE CURRENT APPROVED BUDGET? PROJECT/CONTRACT DESCRIPTION: STAFF RECOMMENDATION• BA5I5 FOR RECOMMENDATION: PROPOSED MOTION: ATTACH ALL BACKUP DOCUMENTS TO THIS FORM) (~j D~' Jack Ingstad, County Administrator i ~" ~1 l ~ ~~~ / ,[ ~.,, /d'" C~ / ~° ~~, .