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HomeMy WebLinkAboutR07-082 CLS Lot 23 LLC Release Letter of Credit -i Commissioner moved adoption of the followin Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2007-~~ FOR Release of Assignment of Letter of Credit No. 1155 For Road Cut Permit No. 3471 CLS Lot 24 LLC WHEREAS, on or about August 22, 2005 the Board of County Commissioners of the County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3471 to CLS Lot 24 LLC (Subdivider); and WHEREAS, the Subdivider provided collateral in the form of Letter of Credit No. 1155 issued by Colorado Business Bank in the amount of $2,250.00 to guarantee the faithful completion of the construction project; and WHEREAS, both the Subdivider and the Engineering Department state that the work required under the Road Cut Permit has satisfactorily passed the two-year warranty period and the Engineering Department recommends full release of the collateral; and WHEREAS, the release of the Letter of Credit requires termination of the Letter of Credit by written Resolution of the Board of County Commissioners. 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 the collateral and Letter of Credit No. 1155 be terminated and that the same be returned to the Subdivider; {1 ." 'i i- X ~~ - 5--C (_~ I"~ / (- ,~/. , c." MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the ..f2l day of July, 2007. ATTEST: COUNTY OF EAGLE, ST ATE OF COLORADO, By and Through Its BOARI}8 .OUNT COMMISSIONERS " ~ t!~ By:N~}.~ Clerk to the Boar of County Commissioners By: By: Peter F. Runyon Commissioner ~O - By: ~f)n.-C) ~A.u- Sara J. Fisher Commissioner - ~ iJ/lC>' T~ Commissioner '-::1 ~ seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Menconi Commissioner Runyon Commissioner Fisher ~~/~ ~ W This Resolution passed by ~/ 0 sioners of the County of Eagle, State of Colorado. vote of the Board of County Commis- G:\J KS\resolutions\ASSIGNMENT RELEASEe Is. DOC MEMORANDUM EAGLE COUNTY ENGINEERING TO: ::C:i:e:~t ~J July 13, 2007 FROM: DATE: RE: Road Cut Permit #3471 Inspection was made of the work performed under Road Cut Permit #3471 for CLS Lot 24 LLC at 138 Charolais Circle. The work is satisfactory under the requirements of the permit. Release of the Colorado Business Bank Letter of Credit No. 1155 in the amount of $2,000 as collateral is recommended. /ljs