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HomeMy WebLinkAboutR84-07 release of collateral Spring Creek ParkRESOLUTION OF THE BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 84 -_� RELEASE OF COLLATERAL - SPRING CREEK PARK SUBDIVISION - RANDALL GUERRIERO WHEREAS, Randall Guerriero, as the Subdivider of the Spring Creek Park Subdivision, did on or about March 3, 1982, submit an irrevocable letter of credit to the Board of County Commissioners of the County of Eagle, State of Colorado ( "Board "), in the amount of one thousand seven hundred fifty dollars and no cents ($1,750.00) issued on the ;First Bank of Vail, Number 1192, to guarantee the satisfactory completion of certain construction work on the Spring Creek Road required of Randall Guerriero as a condition of the Board's final plat approval of the Spring Creek Park Subdivision; and WHEREAS, Randall Guerriero has fulfilled the terms of the subject letter of credit, i.e. completion of the aforementioned road construction Work, and desires the Board to formally accept such public improvements and to release the subject letter of credit. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of the County of Eagle, State of Colorado: THAT, based upon the recommendations of the County Engineer and the County Department of Community Development, the Board hereby finds, determines and declares that Randall Guerriero has satisfactorily constructed and completed those certain improvements on Spring Creek Road required of him as a condition of the Board's final plat approval of the Spring Creek Park Subdivision. a Y THAT, the Board hereby formally accepts the aforementioned public improvements on Spring Creek Road. THAT, the Board hereby releases that certain letter of credit identified hereinabove. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the 8th day of February, 1984. ATTEST: COUNTY OF EAGLE, STATE OF COLORADO By and Through its BOARD OF COUNTY COMMISSIONERS BY : Z46 CG By: lerk of the oar of County Commissioners Dan Williams, Commissioner -9-