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HomeMy WebLinkAboutR95-082 Draw on Builders with Strange Names Joint Venturer Commissioner ~,~~ .r/)~O moved adoption of the following esolu ion: BOARD OF COIINTY COMMISSIONERS COIINTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 95- O ~. RESOLUTION CONFERRING POWER OF ATTORNEY UPON JAMES R. FRITZE, COUNTY ATTORNEY, MARY JOAN BERENATO, DEPUTY COUNTY ATTORNEY, ROBERT W. LOEFFLER, ASSISTANT COUNTY ATTORNEY AND MAUREEN AMUNDSON, PARALEGAL TO ACT AS ATTORNEY IN FACT FOR THE COUNTY OF EAGLE, STATE OF COLORADO, WITH RESPECT TO LETTER OF CREDIT NO. 918-4147 IN THE AMOUNT OF $2,000.00 FOR THE ACCOUNT OF BUILDERS WITH STRANGE NAMES JOINT VENTURE WHEREAS, on or about July 30, 1994, the County granted Road Cut Permit #1955 to Builders With Strange Names Joint Venture ("Builders"); and WHEREAS, Builders provided collateral in the form of a Letter of Credit to guarantee the faithful completion of the public improvements; and WHEREAS, said Letter of Credit #918-4147 in the amount of $2,000.00 will expire on July 30, 1995. WHEREAS, the Board finds, determines and declares that it is in the best interest of the County that it draw upon the collateral in the amount of $2,000.00. WHEREAS, it is presently contemplated an agreement shall be entered into between Builders and the Board whereby the aforementioned Road Cut Permit shall be terminated; and WHEREAS, until such time as said Road Cut Permit is formally terminated, Builders has agreed to provide an extension of at least thirty (30) days to the subject Letter of Credit; and WHEREAS, no such extension to Letter of Credit No. 918-4147 has been received by the Board as yet, and the Board deems it to be in the best interests of the County of Eagle that the subject Letter of Credit be drawn upon prior to its expiration. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, James R. Fritze, County Attorney, Mary Joan Berenato, Deputy County Attorney, Robert W. Loeffler, Assistant County Attorney, and Maureen Amundson, Paralegal, are authorized to execute any and all documents necessary to draw upon irrevocable Letter of Credit #918-4147, in the amount of $2,000.00. THAT, James R. Fritze, County Attorney, Mary Joan Berenato, Deputy County Attorney, Robert W. Loeffler, Assistant County Attorney and Maureen Amundson, Paralegal, are hereby granted power of attorney to act as attorney in fact for the County of Eagle, State of Colorado, and its Board of County Commissioners, with regard to any and all actions that may be necessary to draw upon Letter of Credit #918-4147 in the amount of $2,000.00. THAT, the Chairman of the Board is authorized to execute a Power of Attorney for the purposes contemplated herein in the form attached to this Resolution as Exhibit A and made a part hereof by this reference. MOVED, READ AND ADOPTED by the Board of County Commissior~e:~:~~ of the County of Eagle, State f Colorado, at its regular meet~.a~g held the /~a1_ day of 1995. ~ ~~! ATTEST: ~` T ~ ac Q' ~~~ A ~ ~y~m Clerk to the oard of County Commissioners COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS BY ~ ~~ J E. Jo on, C irman George A. Gates, Commissioner ohnnette Phillips, Commis over Commissioner seconded adoption of the foregoing resolute n. The roll having been called, the vote was as follows: Commissioner James E. Johnson, Jr._~~,p Commissioner George A. Gates ~~--~~ Commissioner Johnnette Phillips ~~ This Resolution passed by ~ -(~ vote of the Board of County Commissioners of the County of Eagle, State of Colorado.