HomeMy WebLinkAboutR92-151 release of collateral for Cordillera Filing 6Cl
Commissioner a 45 moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 92 -_Z!L_
FIRST PARTIAL RELEASE of COLLATERAL
"Phase I" of Filing 6 -
CORDILLERA SUBDIVISION
WHEREAS, pursuant to C.R.S. 30 -28 -137, the Board of County
Commissioners of the County of Eagle, State of Colorado ( "Board ")
intends to enter into a Subdivision Improvements Agreement of
even date ( "Agreement ") with Stag Gulch Partners, a Colorado
General Partnership ( "Subdivider "), as a condition of final plat
approval for Filing 6, Cordillera Subdivision; and
WHEREAS, the Agreement provides that the Subdivider provide
collateral to guarantee the faithful completion of public
improvements described in Exhibit "A ", Pages 1 through 4; Exhibit
"A -1 "; Exhibit "B "; Exhibit "C ", Pages 1 through 3; and Exhibit
"D" of the Agreement; and
WHEREAS, Paragraphs 2.1.1 through 2.1.3 of the Agreement
provide an "Alternative Collateralization Method" whereby Sub-
divider may deposit with the County the sum of $797,425.88, prior
to the commencement of construction of "Phase I" of Filing 6, as
more particularly set forth in the Agreement; and
WHEREAS, Subdivider has represented, and the County Engin-
eering Department has corroborated Subdivider's representations,
that Subdivider has completed certain of the improvements - and
deleted the cattle guard project by arrangement with another
party - thereby reducing the collateral required for "Phase I" to
$462,689.92, all as more fully set forth in Exhibit "A" attached
hereto; and
WHEREAS, Subdivider requests that the Board accept a cash
deposit in the reduced amount of $462,689.92 to satisfy the
requirements of the Agreement.
WHEREFORE, Based upon the oral and written recommendations
of the County staff, THE BOARD FINDS that acceptance of a cash
deposit of $462,689.92 is appropriate.
THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the Board accept a cash deposit in the amount of
$462,689.92 as collateral, subject to other conditions required
by the "Alternative Collateralization Method," for "Phase I" of
Filing 6 of the Cordillera Subdivision.
MOVED, READ AND ADOPTED by the Board of County C mmissioners
of the County of Eagle, State of Colorado, this -9s=— day of
1992.
County Commissioners
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
By: �
Richard L. Gustafson, Chairman
George /A. Gates, Commissioner
Donald H. Welch, Commissioner
and Chairman Pro Tem
Commissioner ltd— seconded adoption of the
foregoing resolution. The roll having been called, the vote was
as follows:
Commissioner Richard L. Gustafson 44�-W
Commissioner George A. Gates
Commissioner Donald H. Welch}—
This Resolution passed by vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
Filing 6
#87 -84
-2-
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DESCRIPTION QUANTITY UNITS UNIT COST TOTAL COST AMT.COMPLETE S
------------------------------------------------------------------------------------
ROAD CONSTRUCTION
MOBILIZATION
1.00 L.S.
5,000.00
5,000.00
2,500.00
CLEAR AND GRUB
10.20 ACRES
1,000.00
10,200.00
10,200.00
TOPSOIL REMOVAL
10210.00 YARDS
1.50
15,315.00
15,315.00
UNCLASS. EXC.
53050.00 YARDS
3.25
172,412.50
137,930.00
FINE GRADING
29064.00 SQ.YDS.
0.35
10,172.40
ROCK EXC.
8000.00 YARDS
4.08
32,640.00.
16,320.00
AGG BASE COURSE
7063.00 TONS
8.50
60,035.50
TESTING
1.00 L.S.
10,000.00
10,000.00
4,000.00
STREET SIGNS
7.00 EACH
150.00
1,050.00
CURB AND GUTTER
L.F.
12.75
0.00
PLACE TOPSOIL
10210 -00 YARDS
2.50
25,525.00
10,210.00
GRADE TOPSOIL
18498.00 SQ.YDS.
0.40
7,399.20
GRASS
18498.00 SQ.YDS.
0.21
3,884.58
GUARD RAIL
1250.00 L.F.
15.00
18,750.00
GUARD RAIL ANCHORS
6.00 EACH
600.00.
3,600.00
SLOPE PROTECTION
1333.00 SQ.YDS.
0.85
1,133.05
TOTAL ROAD CONSTRUCTION•
------------------
377,117.23
- - - - --
196,475.00
DRAINAGE
----------------- - --- - --
GROUTED RIP RAP
3300.00 SQ.FT
2.00
6,600.00
CMP PIPE 3611
85.00 L.F.
40.00
3,400.00
CORRIGATED PLASTIC
PIPE 18"
218.00 L.F.
13.55
2,953.90
1,395.65
PIPE 24"
47.00 L.F.
19.25
904.75
CMP END SECTION
18"
6.00 EACH
140.00
840.00
280.00
24"
2.00 EACH,_..
185.00
370.00
36"
2.00 EACH
360.00
.' IMiOO
J,K PIPE
CORRIGATED PLASTIC
1811
CATTLE UNDERPASS
60.00 L.F.
90.00 L.F.,
13.55
240:00
813.00
- 21,,600.00
21,600.00 (deleted)
CMP END SECTIONS
18"
2.00 EACH
140.00
... 280. 00
RIP RAP
10.00 C.Y.
35.00
350:00
TOTAL DRAINAGE
------------------
38,831.65
- - - - --
23,275.65
WATER 8 SEWER
------------------------
8" SEWER LINE
5338.00 L.F.
27:00
"1`44,126.00
72,724.50
SEWER MANHOLE
350.00 V.F.
200.00'
70,000.00
22,060.00
SEWER SERVICE
18.00 EACH
1,000:00
18,000.00
8" WATERLINE
1890.00 L.F.
32.00
60,480.00
6" WATERLINE
1490.00 L.F.
28.00
41,720.00
8" GATE VALVE
4.00 EACH
600.00
2,400.00
6" GATE VALVE
3.00 EACH _
500.00
1,500.00
TOTAL WATER 6
SEWER
OVERHEAD ELECTRIC LINE
ENGINEERING, SURVEYING,
TESTING
TOTAL PUBLIC IMPROVEMENTS
PHASE I
TOTAL COST OF IMPROVEMENTS
COMPLETE:
TOTAL AMOUNT TO
BE COLLATERALIZED:
------------------------
338,226.00 94,784.50
18,000.00
25,251.00 20,200.81
797,425.88
334,735.96
462,689.92
"Phase I" Filing 6, Cordillera Subdivision
