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HomeMy WebLinkAboutR97-103 final release of collateral for Eagle Springs Golf Club`^n
V,
Commissioner moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 97 -,Vg
FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE WARRANTY PERIOD
FOR
EAGLE SPRINGS GOLF CLUB
WHEREAS, as a condition of the issuance of the Special Use
Permit for the Eagle Springs Golf Club, the Board of Countyy
Commissioners of the County of Eagle, State of Colorado ( "County ")
entered into a Reclamation Agreement dated August 24, 1995,
( "Agreement ") with Wolcott Golf Club Limited Liability Company, a
Colorado limited liability company (hereafter "Permittee "); and
WHEREAS, by Eagle County Consent No. 95 -19 the County
commenced the warranty period for Eagle Springs Golf Club, said
warranty period to expire on August 7, 1997 and provided the County
with Letter of Credit No. 809 -9227 issued by 1st Bank of Vail in
the amount of $29,850.60 as collateral for the warranty period; and
WHEREAS, both the Permittee and the Engineering Department
state that the work required under the Agreement are complete and
acceptable and the Engineering Department recommends full release
of the collateral and the termination of the warranty period, see
Exhibit "A ", attached hereto and incorporated herein by this
reference. Based upon the oral and written recommendations of the
County staff, THE BOARD FINDS that the Permittee's obligations
under the Agreement have been satisfied.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the Board hereby authorizes the full and final release
of collateral and the termination of the warranty period for Eagle
Springs Golf Club.
111111 11111 111111 1111 1111111 111 1111111 III 11111 IN IN
630863 08/14/1997 01:14P 8734 P607
1 of 3 R 0.00 D 0.00 Sara J Fisher, Eagle, CO
THAT, this document shall b e
Eagle County Clerk and Recorder,
warranty period for Eagle Springs
completed and that the Permitte's
are complete.
recorded in the Records of the
which shall be evidence that the
Golf Club has been successfully
obligations under the Agreement
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the day of August, 1997.
County Commissioners
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
By: vzlz
ohnnette Phil ps,
Chairman
Georg A. Gates, Commissioner
Commissioner �Jp`j`JQ/� seconded adoption of the
foregoing resolution. The roll having been called, the vote was as
follows:
Commissioner Johnnette Phillips /
Commissioner James E. Johnson, Jr.
Commissioner George A. Gates
This Resolution passed by 1Z&&Z,Z2= d vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
93 -19
mta \r \wolgolf.ter
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EAGLE COUNTY ENGINEERING
TO: Maureen Amundson, Attorney's Office
FROM: John Althoff, Engineering �L Q
DATE: July 15,1997
RE: Eagle Springs Golf Club
Went up to the Eagle Springs Golf Club today to review the Reclamation Agreement work. Would
suggest that the Reclamation Agreement for this project be closed out, and the $29,850.60 held be
returned.
xc: George Roussos
Chrono /file
111111111111111111111 1111111 111 11111'1 III 11111 1111 1111
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3 of 3 R 0.00 D 0.00 Sara J Fisher, Eagle, CO