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HomeMy WebLinkAboutC06-292 ASSIGNMENT OF CERTIFICATE OF DEPOSIT Contractone, Inc. to Eagle County TO: FirstBank of Avon For valuable consideration, re of which is hereby acknowledged, Contractone, Inc. hereby assigns to the County of Eagle, State of Colorado, an interest in Certificate of Deposit No. 353-681- 1876 to the extent of Three thousand seven hundred and fifty Dollars ($3,750.00), excluding all interest now due or to become due on the assigned amount. This assignment is given as security for Permit to Construct Within the Public Way No.~5~3 ( TBD - for 2121 Vermont Road.) 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. Contractone, Inc. hereby authorizes Eagle County to demand and collect all or any portion of the deposit to the extent of the assigned account in accordance with this Assignment, and to issue a receipt for any sums received there from. Contractone, Inc. hereby directs FirstBank of Avon to pay to the County, its 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 2 day of August, 2006. BY: STATE OF COLORADO ss COUNTY OF EAGLE by before me this day of WITNESS my hand and official seal. My commission APPROVED: On behalf of Contractone, Inc., 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 21st day of August, 2006. Avon By: McDougall utive Vice President STATE OF COLORADO ss COUNTY OF EAGLE My commission expires by acknowledged before me WITNESS my hand and official seal. APPROVED: COUNTY OF EAGLE, STATE OF COLORADO, By and Through its BOARD OF COUNTY COMMISSIONERS ATTEST: Clerk to th Board of County Commissioners DATE: