No preview available
HomeMy WebLinkAboutR97-111 final release of collateral for Kuntz RanchCommissioner aQ moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 97 -_&/_ FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR KUNTZ RANCH WHEREAS, pursuant to C.R.S. 30- 28 -37, the Board of County Commissioners of the County of Eagle, State of Colorado ( "County ") entered into a Subdivision Improvements Agreement dated June 14 1995 ( "SIA ") with William E. Kuntz ( "Subdivider ") as a condition of E` final plat approval for Kuntz Ranch; and WHEREAS, pursuant to the Agreement the Subdivider provided the County with collateral for those public improvements required under the Agreement in the form of an Assignment of a Certificate of Deposit; and WHEREAS, by Eagle County Resolution No. 95 -93 the County commenced the warranty period for Kuntz Ranch, said warranty period to expire on July 18, 1997; and WHEREAS, both the Subdivider and the Engineering Department state that the work required under the SIA 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 Subdivider's obligations under the SIA have been satisfied. 1 111111 11111 111111 1111 111111 111111 11111 III 11111 1111 1111 630389 08/12/1997 06:13P 8734 P433 1 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO 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 Kuntz Ranch.. THAT, the Board hereby authorizes The First Bank of Eagle to release the security represented by the Assignment of the Certificate of Deposit Number 16058 to the amount of $1,078.00. THAT, this document shall be recorded in the Records of the Eagle County Clerk and Recorder, which shall be evidence that the warranty period for Kuntz Ranch has been successfully completed and that the Subdivider's obligations under the SIA are complete. THAT, the County will not be accepting maintenance responsibilities for those improvements associated with this SIA. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the ZA , day of August, 1997. gacc� p4 f� ATTEST: c COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS BY: Clerk to they Board of ohnnette Phillips, County Commissioners Chairman 1 11111111111111111 IIII 111111111111 II111 III IIIII IIII 1111 630389 08/12/1997 06:13P 6734 P433 2 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO J es E. Joh on, Jr. ommissioner 2iu- / A ^ George A. Gates, Commissioner i Commissioner (f)�/i,.n( seconded adoption of the foregoing resolutiod The-roll having been called, the vote was as follows: Commissioner Johnnette Phillips 19.t4l � Commissioner James E. Johnson, Jr. 42A0 Commissioner George A. Gates This Resolution passed by (3 _O vote of the Board of County Commissioners of the County of Eagle, State of Colorado. #94 -50 mta \r \kuntz.ter 111111111111111111111111 INN 111111 IIIII III III11 1111 III 630389 08/12/1997 06:13P B734 P433 3 of 4 R 0.00 D 0.00 Sara J Flaher, Eagle, CO •a • • ,i 3 EAGLE COUNTY ENGINEERING TO: Maureen Amundson, Attorney's Office FROM: John Althoff, Engineering DATE: July 25, 1997 JUL 2.9- 1997 RE: Kuntz Ranch SIA EAGLE COUNTY ATTORNEY Was out to the Kuntz Ranch site today. Construction has completed the warranty period and looks good. Would suggest releasing the remaining collateral and closing out the SIA for this project. xc: George Roussos Chrono /file 630389 08/12/1997 06:13P B734 P433 4 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, Co EXHIBIT