HomeMy WebLinkAboutR94-025 full release for Gil Lynd Warehouse construction agreementCommissioner rna L 4. moved adoption
of the following R eds olution.
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 94 - . &)( - )
FULL RELEASE OF COLLATERAL
GIL LYND WAREHOUSE
CONSTRUCTION IMPROVEMENTS AGREEMENT
WHEREAS, the Board of County Commissioners of the County of
Eagle, State of Colorado ( "Board ") entered into a Construction
Improvements Agreement dated December 4, 1992 ( "Agreement ") with
CAL Development Company ( "Builder ") , as a condition of Eagle
County's approval of a Temporary Certificate of Occupancy for the
Gil Lynd Warehouse.
WHEREAS, the Builder provided collateral in the form of cash
in the amount of $3,690.00.
WHEREAS, Builder has represented to the Board, and members of
the County staff have corroborated the Builder's representations,
that landscaping required under the Agreement has been completed in
a satisfactory manner (Exhibit A);
WHEREAS, the Builder has requested a full release of the
collateral in the amount of $3,690.00.
Based upon the oral and written recommendations of the County
staff, THE BOARD FINDS that the Builder's obligations under the
Agreement have been fully satisfied.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, a full release of the collateral in the amount of
$3,690.00 is granted.
l
THAT, the Eagle County Treasurer is hereby requested and
directed to issue a warrant in the amount of $3,690.00 to the
Builder.
THAT, all other provisions of the Agreement shall remain in
full force and effect.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, this c7c2iv CP day of
Februarv. 1994.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONER
Commissione seconded adoption of the
foregoing reso tion. The ro 1 having been called, the vote was as
follows:
Commissioner Johnnette Phillips _
Commissioner James E. Johnson, Jr.
Commissioner George A. Gates
This Resolution passed by R-0 O Vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
r \gillynd.rel 92 -107
-2-
County Commissioners
George Gates, Commissioner
e ffl , M r
EAGLE COUNTY ENGINEERING
TO: Nancy Lewis, Attorney's Office
FROM: John Althoff, Engineering
DATE: February 1, 1994
RE: Gil Lynd Warehouse C.I.A.
Bob Johnson looked at the site to verify that all the trees,
junipers, earthwork, and seeding was done as of January 26, 1994.
Bob said that all of the trees and junipers were planted and the
dirt work completed, but, because of the snow on the ground, he was
unable to determine if the area had been seeded. I called Clay
Crossland on Thursday, January 27, 1994 and said we were unable to
determine if the area was seeded. I asked to have the contractor
that did the seeding, or the owner, write a letter to verify that
the seeding has been completed. Received a letter on February 1,
1994 (copy enclosed) that the seeding is complete.
I recommend that the collateral be reduced to -0 -. Enclosed is a
collateral release summary showing work completed to date.
COLLATERAL RELEASE SUMMARY
CIA: Gil Lynd Warehouse
First Release of Collateral
DATE: February 1, 1994
ORIGINAL EXHIBIT A: AMOUNT
COLLATERALIZED
• Trees $ 650.00
• Junipers $ 490.00
• Earthwork $1,500.00
• Seeding $1,050.00
$3,690.00
Original amount collateralized $3,690.00
First Release Improvements completed:
Trees $ 650.00
Junipers $ 490.00
Earthwork $1,500.00
Seeding $1,050.00
Total $3,690.00
Less 10% retainage $ -0-
Total $3,690.00 $3,690.00
Revised collateral amount recommendation $ -0-
CAL DEVELOPMENT
BOX SS
BASALT. COLORADO 81621
927 - 4704/927 -4269
January 31, 1994
John Althoff
Community Development Department
Box 179
500 Broadway
Eagle. Colorado 81631
Re: Certificate of Occupance for Permit #5476
Dear John,
This letter shall serve as formal confirmation that Cal Development
has completed the grass seeding of 0051 Valley Cr., Lot #2 Basalt
Industrial Park in accordance with the landscaping plan approved
under Building Permit No. #5476.
Respectfully submitted,
Cal Development
b :
Gil Lynd
General Partner
"'TELECOPIER TRANSMISSION NOTE
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IN CASE Oil A PROBLEM, CALL
AT (303) 927 -4704
OUR VAX NUMBER IS: 303 - 927.3953
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