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HomeMy WebLinkAboutR97-152 final release of collateral for Bentgrass Phase IIIpc- a 5 "o J Commissioner moved adoption of the tollowing Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 97- /5a FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR CORDILLERA SUBDIVISION, FILING 21 BENTGRASS, PHASE III 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 November 15, 1994, (Agreement ") with Stag Gulch Partners and Bentgrass Limited Liability Company ( "Subdivider ") as a condition of final plat approval for Cordillera Subdivision, Filing 21, Bentgrass, Phase III; and WHEREAS, the Subdivider provided the County with collateral in the form of check #2586, in the amount of $138,470.00; and WHEREAS, by Eagle County Consent No. 95 -41, the County commenced the warranty period for Cordillera Subdivision, Filing 21, Bentgrass, Phase III, said warranty period to expire on December 6, 1997; the Board further retained $13,542.00, or ten percent of the original cost estimate, which amount was held for the duration of the warranty period; and WHEREAS, both the Subdivider and the Engineering Department state that the work required under the Agreement is 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. 11111111111 11111111111 111111 11"111"1 III 111'1 1111 1111 641798 12/10/1997 04:38P B745 P853 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 Cordillera Subdivision, Filing 21, Bentgrass Phase III. 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 Cordillera Subdivision, Filing 21, Bentgrass Phase III has been successfully completed and that the Subdivider's obligations under the Agreement are complete. THAT, the Chairman of the Board of the Eagle County Commis- sioners hereby directs the Eagle County Treasurer to issue a warrant to Stag Gulch Partners, the Subdivider, in the amount of $13,542.00. THAT, the roads in Cordillera Subdivision, Filing '21, Bentgrass Phase III will be maintained by the Cordillera Metropoli- tan District. 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 December, 1997. ATTEST: "( Clerk to the °Board of County Commissioners 1 111111 "III 11111111111111111 11"111"1 III 11111 IIII 11111111 641798 12/10/1997 04:38P 6745 P853 2 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS By: Johnnette Phi ips, Chairman aL2 George A. Gates, Commissioner l' aY Commissioner 'ho seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Johnnette Phillips Kk,iAI— Commissioner James E. Johnson, Jr. p�Q_ Commissioner George A. Gates This Resolution passed by eq --0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado. #87 -84 mta \r \bentii.ter 1111111111111111111111111111111111111111 HIM 111 IIIII IN IIII 641798 12/10/1997 04:38P 6748 P853 3 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO EAGLE COUNTY ENGINEERING TO: Maureen Amundson, Attorney's Office FROM: John Althoff, Engineering DATE: November 6,1997 RE: Cordillera, Filings 20 and 21 Bentgrass, Phase II and Phase III I went up to Cordillera, Filings 20 and 21 on Wednesday, November 5, 1997 to review the improvements at the completion of the two year warranty period. Appears that all of the improvements have successfully completed the warranty period. I would suggest releasing the collateral held for both projects and closing out the Subdivision Improvements Agreements. The roads in these subdivisions will be maintained by the Cordillera Metro District and not by Eagle County. xc: George Roussos Chrono /file 1 111111 1111111111111111 111111 111 11111'1 III 11111 IIII 1111 641798 12/10/1997 04:38P 8745 P853 4 of 4 R 0.00 0 0.00 Sara J Fisher, Eagle, CO