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HomeMy WebLinkAboutR97-095 release of collateral for Saddleback RidgeCommissioner moved adoption of the ffollowing Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STPTE OF COLORADO RESOLUTION NO. 97 - qfZ�_ FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR SADDLEBACK RIDGE, CORDILLERA SUBDIVISION FILING 12 t r ✓,6 4 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 ("SIA") dated March 29, 1994, recorded at Book 636 at Page 122 in the records of � 'J the Eagle County Clerk and Recorder, with Stag Gulch Partners as a '` condition of the County's final plat approval for Saddleback Ridge, Cordillera Subdivision, Filing 12; and WHEREAS, on April 3, 1995 the County, Stag Gulch Partners and MC Joint Venture entered into an Agreement whereby the obligations of the SIA, and any amendments thereto, were assigned to MC Joint Venture, (hereinafter "Subdivider ") all as set forth therein; and WHEREAS, by Eagle County Consent No. 95 -11, the County commenced the warranty period for Saddleback Ridge, Cordillera Subdivision, Filing 12, said warranty period to expire on June 30, 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. IIII III IIIIIIIIIillllllll111 HIM II "III IIIIIII 628720 07/23/1997 12:49P B732 P762 1 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO T 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 Saddleback Ridge, Cordillera Subdivision, Filing 12. 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 Saddleback Ridge, Cordillera Subdivision, Filing 12 has been successfully completed and that the Subdivider's obligations under the SIA 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 July, 1997. COUNTY OF EAGLE, COLORADO, By and ATTEST: r ' BOARD OF COUNTY K STATE OF Through Its COMMISSIONERS 0 By: ohnnette Phillips, Chairman ames E. J& on, Jr. Commissioner George A. Gates, Commissioner 1 111111 11111111111 IIII IIII 1111111 HIM 1111111111111111111 628720 07/23/1997 12:49P 8732 P762 2 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO Commissioner (/ seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Johnnette Phillips 1 a Commissioner James E. Johnson, Jr. Commissioner George A. Gates This Resolution passed by _3 -0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado. #87 -84 mta \r \cord12.ter 111111 11111 111111111111111111111111111 III 11111 IIII IIII 628720 07/23/1997 12:49P 8732 P762 3 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO l EAGLE COUNTY ENGINEERING TO: Maureen Amundson, Attorney's Office FROM: John Althoff, Engineering DATE: July 1, 1997 RE: Cordillera, Filing 12, Bearcat, Phase I Went to Bearcat, Cordillera, Filing 12 on Friday, June 27, 1997 to review work completed for this Subdivision Improvements Agreement. The work has successfully completed the warranty period. Would suggest releasing the 10% collateral held ($41,279.50). The roads will be maintained by the Cordillera Metro District and not Eagle County. xc: George Roussos Chrono /file 111111111111111111111111111111111 HIM 111 I1111IIII IS 628720 07/23/1997 12:49P 8732 P762 4 of 4 R 0.00 D 0.00 Sara J Fisher, Eagle, CO ANNS L- " A