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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 1111111111111111111111111111111111111111111111 630563 08/14/1997 01:14P B734 P607 2 of 3 R 0.00 D 0.00 Sara J Fisher, Eagle, CO 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 63056.3 08/14/1997 01:14P B734 P607 3 of 3 R 0.00 D 0.00 Sara J Fisher, Eagle, CO