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HomeMy WebLinkAboutC06-086 ('''(,,-31i-J~; , , ASSIGNMENT OF CERTIFICATES OF DEPOSIT Crown Mountain Park & Recreation District To: Alpine Bank For valuable consideration, fe<:etpt ofwbicb is hcreby acknowledged, Crown Mountain Park & Recreation District hereby assigns to the County of Eagle, State of Colorado , an interest in : Certificate of Deposit No. 23870 to the extent of eighteen thousand doUars ($ 18,000.00) excluding all interest now due or to become due on the assigned amount. This amount to be held until final inspection of the road improvements by no later than May 31,2006. Certificate of Deposit No. 21075 to the extent of twenty six thouSll.lld two hundred fifty dollars ($26,250.00) excluding all interest now due or to become due on the assigned amount Tbe Assignment is given as security for Public Improvements Agreement File No. PDA- 00055. This Assignmell! shall be a continuing assignment and shall remain effective until tbe Board of County Commissioners. by written resolution, authorizes the release of security. Eagle County may authorize a reduction in the ~urity represented by !his 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 exlent of the assigned amount in ac cordancewiththis 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 asgjgn~, upon written demand, the amount so demanded, to the extent of the assigned amount. The following Certificates of Deposit are now assigned back to Crown Mountain Park & Recreation District as directed by the Eagle County Racc and Eagle County Attorney. Certificate of Deposit No. 21072 to the extent of ninety six thousand dollars ($96,000.00) Certificate of Deposit No. 21071 to the extent ofonc hundred thirty six thousand dollars ($136,000) Certificate of Deposit No. 21074 10 the extent of thirty one thousand dollars ($31,000 .00) All further obligation of Crown Mountain Park & Recreation District in respect to these Certificates is hereby terminated. TIlis Assignment back to Crown Mountain Park & Recreation District shall not be amended withoul the consent of all signatories hereto, which shall be in wriling. Done this 28lh day of February 2006. cmwnMOM"""'~kttm";o" O;"ri" BY~" _pLa'l___ .e Soliday, Chairperson StalcofCoJof'Odo) )"". CO""l}'ofEagk ) .ry foregOing w~ ac~owledge before me this'~ Ijt~ daYOfjfiM ~--' 2006 by . Ct.<.-,.v,e .:;>Cc"dJ. , ~ .'oo~'" ~~"Bti~'S."'re. ,of~ ~~~~R~.!!1~~\ Notary Public _ iN AFry:" , . . i \~\PIJBlIC/o~ :'V",". ""Q ! ~O;"c'6~O~'t i ,. 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 tenninated without written authorization of the Board of County Commissioners ofF2gle County, Colorado_ DONE this 28th day of February, 2006. AipineBank BY_C7~;tL Title: P,eld-f{lt SlaleOfColorado) )ss_ CoulllYOfEagJej The foregoing was acknowledged before me this ~ C3B-:::. day of Rhv-t n "'-\-' 2006 by fu~l~ WI1NESS my hand and official seal. My commission expires2Jas~ APPROVED: COlJNTY OF EAGLE, STATE OF COLORADO By and Througb its BOARD OF COUNTY C StONERS ~ Date: sit-HOG ,