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HomeMy WebLinkAboutR81-29 Release of Collateral - Casa Del Sol SubdivisionRESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION No. 81- o?~ RELEASE OF COLLATERAL - CASA DEL SOL SUBDIVISION WHEREAS, the Board of County Commissioners of the County of Eagle, Colorado, hereinafter referred to as the "Board", at a regular meeting held the 26th day of November, 1980, approved the final plat of the Casa Del Sol Subdivision; said final plat being recorded in Book 313 at Book 993 of the property records of the County of Eagle, Colorado; and WHEREAS, as a condition of final plat approval, the subdividers of the Case Del Sol Subdivision, Imperial Develop- ment of Colorado, Inc. and Amatepel Investment Company, N.V., entered into a Subdivision Improvements Agreement recorded December 1, 1980, in Book 313 at Page 995 of the property records of the County of Eagle, Colorado; and WHEREAS, in order to secure and guarantee the faithful performance of the Subdivider's obligations set forth within the aforesaid Subdivision Improvements Agreement, the Subdividers provided the County collateral and security in the form of a performance bond, Bond No. C-SRC 637 23 53, issued by Fireman's Fund Insurance Company (Surety) on November 24, 1980, in the amount of $ 10,000.00, and for the benefit of Eagle County, Colorado (Obligee); and WHEREAS, the Board has determined that the Subdividers have satisfactorily completed those certain public improvements set forth in the aforesaid Subdivision Improvements Agreement and as required by the Board at the time of final plat approval; and r ..•~• ti WHEREAS, the Subdividers have requested the Board to null and void the above-referenced performance bond. NOW, THEREFORE, be it resolved by the Board of County Commissioners of the County of Eagle, Colorado: THAT, the Board hereby nulls and voids that certain performance bond, Bond No. C-SP.C 637 23 53, issued by Fireman's Fund Insurance Company on November 14, 1980, in the amount of $ 10,000.00. MOVED, READ AND UNANIMOUSLY ADOPTED by the Board of County Commissioners of the County of Eagle; Colorado, at its regular meeting held the 17th day of September, 1981. ATTEST: COUNTY OF EAGLE, STATE OF COLORADO By and through its BOARD OF COUNTY COMMISSIONERS By: By: C o the B of Dale F. Grant, Chairman unty Commissioners APPROVED AS TO FORM: Beth A. Whittier County Attorney l~ ~ ~~ Keith Troxe C issioner c~~ ~-u_ _ `-fi Dan Wil iams, Commissioner -2-