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HomeMy WebLinkAboutR03-108 Road Cut Permit No. 3031 Continetal West Constructions, Inc.~ ~ ~. - ~ • • Commissioner / ~~-~~~ moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION N0.2003- I~~r FOR RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT FOR ROAD CUT PERNIIT NO. 3031 FOR NEW PIPELINE INSTALLATIONS, INC. d/b/a CONTINENTAL WEST CONSTRUCTORS, INC. WHEREAS, on or about September 27, 2001, the Board of County Commissioners of the County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3031 to New Pipeline Installations, Inc., d/b/a Continental West Constructors, Inc. ("Subdivider"); and WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate of Deposit No. 0263283327 issued by Wells Fargo Bank West, N.A. in the amount of $2,000.00 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. WHEREAS, the release of the Assignment of Certificate of Deposit requires termination of the Assignment by written Resolution of the Boazd 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 the Assignment of Certificate of Deposit No. 0263283327 be terminated and that the same be returned to the Subdivider; MOVED, READ AND ADOPTED by the Boazd of County ommissioners of the County of Eagle, State of Colorado, at its regular meeting held the ~~~" day of September, 2003. ..~ • ~~- ~ ~~ ~~~, .~r By: ,~ ~~' ~ ~ ~ ~~ ~,, Clerk to the B `. County Commissioners COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY CONIlVIISSIONERS By: Michael L. Gallagher Chairman By: Tom tone Co 's By: Arn M. Mencoxri Commissioner Commissioner ~~- seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Michael C. Gallagher Commissioner Tom C. Stone Commissioner Arn M. Menconi -~°~ ~` This Resolution passed by ~-~ , vote of the Board of County Commis- sioners of the County of Eagle, State of Colorado. G:\~l~s\resolutiong\ASSIGNMLNT RFi.FA.CRneWpj~ellpC.dOC