HomeMy WebLinkAboutC03-227 Brian M. Lowecap=~~7-~a .- -• i ~ ASSIGNMENT OF CERTIFICATE OF DEPOSIT TO: West Star Bank For valuable consideration, receipt of which is hereby acknowledged, BRIAN M. LOWE hereby assigns to the County of Eagle, State of Colorado, an interest in Certificate of Deposit No. 6008504 to the extent of $10,000, e:ocluding all interest now due or to become due on the assigned amount. This Assignment is `given as security for the installation of certain road improvements and a cistern on the Slater Type A Minor Subdivision , with the- cost of the same being approximately $27,770. 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 securi~y represented by this Assignment, by written resolution. .. BRIAN M. LOWE 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. BRIAN M. LOWE hereby directs West Star Bank 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. BRIAN M. LOWE APPROVED: On behalf of West Star Bank, 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 5`~ day of August, 2003. WEST STAR BANK William P. Bea Title: Vice President ~y . _` • COUl~,`TY OF EAGLE, STATE OF COLORADO By and through its BOARD OF CO~INTY COMNIISSIONERS ~~ y GZ a'~ ~ rA ~r * c~~oo to the Board of Date: ~'~~ "~~ Commissioner Conmmissioner 2 •~ ~ Ir?~t: 000 PERSOI~~AL: 6008504 ~ ADVISORIES -WARNINGS [01 ] BRIAN LOWE 540 EVANS CT BASALT CO 81621-8310 Funds Held: $10,000.00 WESTSTAR BANK BILL BEATTY Portfolio Number: Product: Class: Branch Number. Accounting Branch: Responsibility Code: Type Code: Employee/OfFcc~r/Director Code: Statement CycIF Tax Name: •• COD IS ASSIGNED TO EAGLE COUNTY AS SECURITY FOR THE INSTALLATION OF CERTAIN ROAD IMPROVEMENTS & A CISTERN ON THE SLATER TYPE A MINOR SUBDI Responsibility Code: [284] JESSENIA JONES Expiration Date: Miscellaneous Code: [000] Addenda Number. Page: 1 System: 08/12/03 10:58 am 400712 [10301] PERSONAL [01] PERSONAL [04] AVON OFFICE [00004] [00284] JESSENIA JONES [000] [0] [999] At Maturity [01] BRIAN LOWE Aug 5, 2004 1