HomeMy WebLinkAboutR97-155 final release of collateral for Bentgrass Phase II)
Commissioner moved adoption
of the ttollowing Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 97- /55
FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE WARRANTY PERIOD
FOR
CORDILLERA SUBDIVISION, FILING 20
BENTGRASS, PHASE II
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 October 24,
1995, (Agreement ") with Stag Gulch Partners and Bentgrass Limited
Liability Company ( "Subdivider ") as a condition of final plat
approval for Cordillera Subdivision, Filing 20, Bentgrass, Phase
II; and
WHEREAS, the Subdivider provided the County with collateral in
the form of check #2579, in the amount of $160,494.58.
WHEREAS, by Eagle County Consent No. 95 -42, the County
commenced the warranty period for Cordillera Subdivision, Filing
m 20, Bentgrass, Phase II, said warranty period to expire on December
6, 1997; the Board further retained $16,049.46, or ten percent of
�d a the original cost estimate, which amount was held for the duration
LL of the warranty period; and
�m
aWHEREAS, both the Subdivider and the Engineering Department
�.. state that the work required under the Agreement is complete and
� m m acceptable and the Engineering Department recommends full release
�m m of the collateral and the termination of the warranty period, see
�� m Exhibit "A ", attached hereto and incorporated herein by tlis
rom— ® m reference. Based upon the oral and written recommendations of the
County staff, THE BOARD FINDS that the Subdivider's obligations
�10 a under the Agreement have been satisfied.
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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 20, Bentgrass Phase II.
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 20, Bentgrass
Phase II 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
Commissioners hereby directs the Eagle County Treasurer to issue a
warrant to Stag Gulch Partners, the Subdivider, in the amount of
$16,049.46.
THAT, the roads in Cordillera Subdivision, Filing 20,
Bentgrass Phase 'II will be maintained by the Cordillera
Metropolitan 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 6rL day of December, 1997.
COUNTY OF EAGLE, STATE OF
C.
En's <n
° �,; COLORADO, By and Through Its
ATTEST: �� K BOARD OF COUNTY COMMISSIONERS
-� * COLOR P°
/tee By:
Clerk to the Board of Johnnette Phillips,
County Commissioners Chairman
es E. Jo
ommissioner
nam l�-
George A. Gates, Commissioner
Commissioner 4 L seconded adoption of the
foregoing resolution. Th rod ll having been called, the vote was as
follows:
Commissioner Johnnette Phillips
Commissioner James E. Johnson, Jr. �An
Commissioner George A. Gates
This Resolution passed by (�9 -0 vote of the Board
of County Commissioners of the County of Eagle, State of Colorado.
#87 -84
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641798 12/10/1997 04:36P 8748 P880
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MEMORANDUM
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
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641798 12/10/1997 04:36P 6745 P850
4 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO
