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HomeMy WebLinkAboutR92-215 Moonridge, Phase 2 Accepting Substitute Collateral • 1 Commissioner moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 92 - ,->26 ACCEPTING SUBSTITUTE COLLATERAL, " RELEASING PLAT RESTRICTIONS, and Reducing Collateral for MOONRIDGE, PHASE 2 A RESUBDIVISION OF LOT 3 MOONRIDGE EAGLE II DEVELOPERS WHEREAS, on August 25, 1992, Eagle II Developers, by William L. Williams, as President, (hereinafter "Subdivider "), entered into a Subdivision Improvements Agreement with the County of Eagle, State of Colorado, by and through its Board of County Commissioners ( "the Board "), as a condition of the Board's approval of the Final Plat of Moonridge, Phase 2, a Resubdivision of Lot 3, Moonridge, said Agreement being recorded in the records of the Eagle County Clerk and Recorder at. Book 587, Page 789; and WHEREAS, the cost estimated to be sufficient to complete the improvements required by the Agreement is $235,826.15, as more particularly described in Exhibit A attached to the Agreement; and WHEREAS, pursnant to the Agreement, Subdivider provided security and collate al to guarantee the completion of the required improvements in the form of a plat note prohibiting the sale or conveyance of any tract or lot, or issuance of any building permit within the respective subdivision until the improvements are complete; and WHEREAS, pursuant to the Agreement, collateral may be substituted in accordance with the terms of the Agreement; and WHEREAS, Subdivider represents, and County Staff have corrob- orated Subdivider's representations, that certain of the improve ments have been completed to the value of $167,537.40, as set forth in Exhibit "A" attached hereto and incorporated herein by this reference; and WHEREAS, in consideration of the provision of substitute collateral in the form of an irrevocable letter of credit in the remaining amount of $68,288.75, Subdivider seeks the release of the plat restriction described above. ,, �,'� ;2 16 :21 PG 1 OF 7 PEC DOC 493737 R -5�7 P -645 1�, �S, . JOHNNETTE PHILLIPS EAGLE COUNTY CLERK, COLORADO 0.00 0.00 III 110 WHEREFORE, the Board finds as follows: 1. THAT, certain of the improvements have been completed as represented, and a reduction of collateral is appropriate. 2. THAT, Irrevocable Letter of Credit Number 154 issued by First Bank of Eagle County in the amount of $68,288.75, is deemed to be sufficient and in the proper form to guarantee Subdivider's performance of the work under the Agreement, considering that certain of the improvements are complete. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY a COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: ` J THAT, release of the plat restriction on the Final Plat of , Moonridge, Phase 2, a Resubdivison of Lot 3, Moonridge is appropriate, and said plat note is hereby released. THAT, a reduction of collateral to the amount of $68,288.75 is approved, upon receipt by the Eagle County Attorney of the proposed Letter of Credit. THAT, the release of said plat restriction and reduction of collateral shall not in any way be construed as releasing Subdivider from the obligations and agreements set forth in the Agreement, nor shall this action abrogate the rights of the Board in enforcing Subdivider's satisfactory performance of its outstanding obligations under the Agreements. MOVED, READ AND ADOPTED by the Board of County Commis- sioners of the Count of Eagle, State of Colorado, at its regular meeting held the )f, t day of December, 1992. COUNTY OF EAGLE, STATE OF CO.•'''0, By and Through its ATTEST'I� / BARD O COUNTY COMMISSIONERS / , ,* � , i BY: 4 -4frM • �y By : /. - . �i � -�_R�. Johnnettc ' nilli�ps I °;chard L.Ore - % fso Chairi r; Clerk to t a-„Qard ' �`'h b-i �.`-' , -_'4 �' ;y Donald Welch, Comm ssioner �' / i , and Chairman Pro Tem IL.: • mac Cyr �£'� GeorgA. Gates, Commissioner -2- �; ; 9.L 16:21 PG 2 OF 7 493737 8-597 P-645 1:�, �.5; 4 Commissioner 6)/kk seconded adoption of the foregoing Resolution. The roll having been called, the vote was as follows: Commissioner George A. Gates Commissioner Donald H. Welch Commissioner Richard L. Gustafson ___ This Resolution passed by f -d vote of the Board of County Commissioners of the County of Eagle, State of Colorado. e. 91 -41 moon2.md.res -nl 493737 8 - 597 P -645 12/28/92 16:21 PG 3 OF 7 -3- EXHIBIT "A" ,1 b / L J CIVIL CONSTRUCTION r Construction Estimate Moonridge ( By: Jim Kunkel July 29, 199 4 ., w DESCRIPTION QTY UNITS UNIT COST TOTAL COST v W ROAD CONSTRUCTION N MOBILIZATION 1.00 L.S. 10000.00 10000.00 tx, CLEAR AND GRUB 1.85 ACRES 1000.00 1850.00 Topsoil Removal 4406.00 YDS 1.50 6609.00 UNCLASS. EXC. 4486.00 YDS 4.00 17944.00 FINE GRADING 4995.00 SQ. YDS 0.75 3746.25 i AGG BASE COURSE 1.561.00 TONS 8.50 13268.50 a. ASPHALT 608.00 TONS 32.00 19456.00 ut TESTING 1.00 L.S. 4500.00 4500.00 STREET SIGNS 2.00 EACH 150.00 300.00 r,, Place Topsoil 4406.00 YDS 2.50 11015.00 r; LANDSCAPING Grade Topsoil 3675.00 SQ. YDS. 0.40 1470.00 GRASS 3675.00 SQ. YDS. 0.21 771.75 ,... TOTAL ROAD CONSTRUCTION 90930.50 WATER CONSTRUCTION 7' Trench B & C 1612.00 L.F. 9.50 15314.00 6" PVC 55.00 L.F. 9.85 541.75 8" PVC 1054.00 L.F. 14.85 15651.90 co 8" GATE VALVE 3.00 EACH 890.00 2670.00 4 8" CI ELBOW 5.00 EACH 160.00 800.00 HYDRANT ASSY 2.00 EACH 1500.00 3000.00 WET TAP 8X10 1.00 EACH 1200.00 1200.00 N AIR RELEASE VALVE 1.00 EACH 2250.00 2250.00 TOTAL WATER CONSTRUCTION 41427.65 SEWER CONSTRUCTION TRENCH 12' B &C 1617.00 L.F. 12.50 20212.50 MANHOLES 8'DEEP 8.00 EACH 1595.00 12760.00 MANHOLES 12'DEEP 3.00 EACH 2585.00 7755.00 SERVICE CONNECTION 18.00 EACH 700.00 12600.00 TOTAL SEWAGE COLLECTION 53327.50 DRAINAGE RETENTION POND 1.00 L.S. 3500.00 3500.00 RIP RAP 8.00 CU. YDS. 22.50 180.00 CMP PIPE 18" 145.00 L.F. 25.00 3625.00 CMP END SECTIONS 18" 6.00 EACH 140.00 840.00 TOTAL DRAINAGE 8145.00 ELECTRICAL BURIED CABLE 1146.00 L.F. 25.00 28650.00 page 1 of 2 FXTTTRTT A i r TOTAL ELECTRICAL 28650.00 TELEPHONE AND TV Buried Cable 780.00 L.F. 4.00 3120.00 Pedestals 6.00 EACH 40.00 240.00 TOTAL TELEPHONE 3360.00 NATURAL GAS 2" GAS LINE 951.00 L.F. 10.50 9985.50 TOTAL ESTIMATED DIRECT COST 235826.15 493737 8-597 P -645 12/28/92 J :21 PG 5 OF 7 page 2 of 2 � 'C • Johnson, Kunkel associates, Inc. r ' LAND SURVEYING CIVIL ENGINEERING • MAPPING - Eagle: (303) 328 -6368 P.O. Box 409 • 1 13 East 4th Street • Eagle, Colorado 81631 r Metro: (303) 287 - 083: Moon Ridge Construction Estimate <I W Work Remaining Nov 11, 1992 N w By: James S. Kunkel `+ W I DESCRIPTION QTY UNITS UNIT COST TOTAL COST to ROAD CONSTRUCTION `I MOBILIZATION done L.S. 0.00 '? CLEAR AND GRUB done ACRES 1000.00 0.00 P' TOPSOIL REMOVAL done YDS 1.50 0.00 to UNCLASS. EXC. 200.00 YDS 4.00 800.00 FINE GRADING 4995.00 SQ. YDS 0.80 3996.00 �-- AGG BASE COURSE done TONS 8.50 0.00 5 ASPHALT 608.00 TONS 32.00 19456.00 SOIL TESTING done L.S. 4500.00 0.00 STREET SIGNS 2.00EACH 150.00 300.00 P' PLACE TOPSOIL done YDS 3.00 0.00 I`, ti LANDSCAPING Grade Topsoil 3675.00 SQ. YDS. 0.40 1470.00 Seed & Mulch 3675.00SQ. YDS. 0.21 771.75 TOTAL ROAD CONSTRUCTION 26793.75 m P. WATER CONSTRUCTION c) 7' Trench B & C done L.F. 9.50 0.00 6" PVC done L.F. 9.85 0.00 N 8" PVC done L.F. 14.85 0.00 8" GATE VALVE done EACH 890.00 0.00 8" CI ELBOW done EACH 160.00 0.00 HYDRANT ASSY done EACH 1500.00 0.00 Wet Tap 8x10 done EACH 1200.00 0.00 AIR RELEASE VALVE done EACH 2250.00 0.00 TOTAL WATER CONSTRUCTION 0.00 SEWER CONSTRUCTION TRENCH 12' B &C 980.00 L.F. 12.50 12250.00 8" PVC 980.00 L.F. 8.00 7840.00 MANHOLES 8'DEEP 2.00EACH 1595.00 3190.00 MANHOLES 12' DEEP 2.00EACH 2585.00 5170.00 SERVICE CONNECTION 7.00 EACH 700.00 4900.00 TOTAL SEWAGE COLLECTIC)N 33350.00 DRAINAGE Retention Pond 1.00 L.S. 3500.00 3500.00 RIP RAP 8.00 CU. YDS. 22.50 180.00 CMP PIPE • • 411 18" 145.00L.F. 25.00 3625.00 CMP END SECTIONS 18" 6.00EACH 140.00 840.00 TOTAL DRAINAGE 8145.00 ELECTRICAL done Wd TELEPHONE AND TV done TOTAL TELEPHONE done ` ; NATURAL GAS 2" GAS LINE done L.F. 10.50 0.00 TOTAL ESTIMATED DIRECT COST 68288.75 PG 7 OF 7 493737 8 -597 P -645 12/28/92 16 :21