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HomeMy WebLinkAboutC05-063 Crown Mountain Park and Recreation District ~f3-- ()b/!J -ID ASSIGNMENT OF CERTIFICATES OF DEPOSIT Crown Mountain Park & Recreation District TO: Alpine Bank For valuable consideration, receipt of which is hereby acknowledged, Crown Mountain Park & Recreation District hereby assigns to the County of Eagle, State of Colorado, an interest in O~i'tificate of Deposit No. 21071 to the extent of one hundred thirty six thousand dollars ($136,000.00) excluding all interest now due or to become due on the assigned amount. Certificate of Deposit No. 21072 to the extent of ninety six thousand dollars ($96,000,00) excluding all interest now due or to become due on the assigned amount. Certificate of Deposit No. 21074 to the extent of thirty one thousand dollars ($31,000.00) excluding all interest now due or to become due on the assigned amount. Certificate of Deposit No. 21075 to the extent of twenty six thousand two hundred fifty dollars ($26,250.00) excluding all interest now due or to become due on the assigned amount The Assignment is given as security for Public Improvements Agreement File No. PDA~00055. This Assignment shall be a continuing assignment and shall remain effective until the Board of County Commissioners, by written resolution, authorizes the release of security. Eagle County may authorize a reduction in the security represented by this Assignment, by written resolution. Crown Mountain Park & Recreation District 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. Crown Mountain Park & Recreation District hereby directs Alpine 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. Done this 8th day of March 2005. Crown Mountain Park & Recreation District By:/ State of Colorado ) ) ss. County of Eagle ) The foregoing was acknowledge before me this 0' 'fit day of 121~ , 2005 by kf't~ S,/;~a~ . WITNESS my hand d official seal. IIII ~ ~.... moo. t;,J I,' i!l\.,'~j(#! ON ~ ~"""'" M . '~J Jq~~'j;,;'l~ ~eee"e )-.l~ ""'- Y COmmISSIun eXl'rtes' ee- ee:~~ - b . ~ . ..~\. Notary Pu he j e: NOT A Rye: i 5: .8 I r. : ~ ~~\ PUSLlC loi ~-n olJ. .o^ $ ~.,~ (I . ~~ ~ ,~. .- ~~ ~,-..O~.."... O~~ ~"I~ J::: CO\": ~\\\"... ~, /111111111111\\\\\ APPROVED: On behalf of Alpine Bank , I approve the conditions set forth in this Assignment of Certificate of Deposit, and agree that the Assignment shall not be terminated without written authorization of the Board of County Commissioners of Eagle County, Colorado. DONE this eighth day of March, 2005. Alpine Bank By: Title: State of Colorado ) ) S8. County of Eagle ) The foregoing was acknowledged before me this day of f{\n'T1" , 2005 by ~'-./\J/ /u \ WITNESS my hand and official seal. My commission expires APPROVED: COUNTY OF EAGLE, STATE OF COLORADO By and Through its BOARD OF COUNT NERS B~ ~ 'V~ r. ~41t>Vl, ~1yYyltWV~. le-wl . \,. ~ Teak Simonton, Clerk to the Boar County Commissioners Date: 3/;~1os-- / '