No preview available
HomeMy WebLinkAboutR97-139 final release of collateral for Red Rock RanchCommissioner moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 97- /C39 FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR RED ROCK RANCH WHEREAS, on or about November 23, 1992, pursuant to Section 30 -28 -137, C.R.S., the Board of County Commissioners of the County of Eagle, State of Colorado ( "Board ") entered into a Subdivision Improvements Agreement ( "Agreement ") with Red Rock Ranch Partners ( "Subdivider ") as a condition of final plat approval of Red Rock Ranch; and WHEREAS, by Eagle County Resolution No. 95 -58, the County commenced the two warranty period for Red Rock Ranch which'expired on May 16, 1997; and WHEREAS, both the Subdivider 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 Subdivider's obligations under the Agreement have been satisfied. I1IIIII"IIIIIIIII I1111VIII 111111111 IN 637563 10/28/1997 03:20P B741 P614 1 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO C NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY SSIONERS 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 Red Rock Ranch. THAT, the Eagle 'County Treasurer is directed to issue a warrant to Red Rock Ranch Partners in the amount of $1000.00 which funds were held by the Treasurer for the duration of the two year warranty period. 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 Red Rocks Ranch has been successfully completed and that the Subdivider's obligations under the Agreement are complete. 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 October, 1997. County Commissioners I"I11 "11I "I11"I'I' 11II"1'lll 11"I 111 "11' 11'I 1'�1 637563 10/28/1997 03:20P B741 P614 2 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO [QTY OF EAGLE, STATE OF ORADO, By and Through Its RD OF COUNTY COMMISSIONERS Johnnette Phillips, Chairman e� —arOg;tp-� George A. Gates, Commissioner Commissioner seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Johnnette Phillips Commissioner James E. Johnson, Jr. /✓� -o Commissioner George A. Gates This Resolution passed by vote of the Board of County Commissioners of the County of Eagle, State of Colorado. mta\ 1 111111 IIIII 111111 IIIII IIIII 111111 IIIII III III11 II ta r \redrock.ter 637863 10/28/1997 03:20P B741 P614 3 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, t CO MEMORANDUM EAGLE COUNTY ENGINEERING TO: Maureen Amundson / Attorney's Office FROM: Mike Gruber / Engineering DATE: October 6, 1997 RE: Final Release, Collateral; Termination of SIA Red Rock Ranch Subdivision Landscape improvements. have been the remaining item collateralized for a two year warranty period under the terms of the Subdivision Improvements Agreement. The warranty period has expired. Inspection indicates a reasonable success ratio for landscaping and is acceptable to our department. Release of collateral representing retainage for the warranty period and termination of the SIA is recommended. County maintenance is not required for the road servicing this subdivision. 111111 "III "111"1'1' 1111111111111111 III "111'1'1 IN 637563 10/28/1997 03:20P B741 P614 4 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO xc: George ROUSSOS, County Engineer Chrono /File