HomeMy WebLinkAboutR03-130 Final Release of Collateral Cordillera, Filing 39• i ~"`'
~ ,-°
_.~ ~ Commissioner ! ~~ ~ moved adoption
of the following Resolution:
BOARD OF COUNTY COMIVIISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION N0.2003--~~
FINAL RELEASE OF COLLATERAL
AND
TERNIINATION OF THE WARRANTY PERIOD
FOR
CORDILLERA, FILING 39
WHEREAS, on November 20, 2000, Kensington Partners, a Colorado General
Partnership and Squaw Creek Realty Corporation, a Colorado corporation (hereinafter
"Subdivider") and the Board of County Commissioners of Eagle County, Colorado (hereinafter
`Board") entered into a Subdivision and Off-Site Improvements Agreement (hereinafter
"Agreement") concerning the development of Cordillera, Filing 39; and
WHEREAS, both the Subdivider and the Engineering Department state that the work
required under the Agreement is complete and acceptable and the Engineering Department
recommends full release of the collateral and the termination of the Subdivision and Off-Site
Improvements Agreement, see Exhibit "A" attached hereto and incorporated herein by this
reference. Based upon recommendations of the County staff, THE BOARD FINDS that the
Subdivider's obligations under the Agreement have been satisfied.
WHEREAS, the warranty period required by the Subdivision and Off-Site
Improvements Agreement has ended.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMIVIISSIONERS 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 Subdivision and Off-Site Improvements Agreement for Cordillera, Filing 39.
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 Cordillera, Filing 39 has been
successfully completed and that the Subdivider's obligations under the Agreement are complete.
THAT, the cash collateral held by the Treasurer be released and a warrant be issued in
the amount of $22,810.00 to the Subdivider.
~I~~lpln~l~ll%~lllln, 85;568. m
t ~
...,
T~iAT, Eagle County does not assume responsibility for maintenance or upkeep of the
roads in Cordillera, Filing 39.
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 ~ '~
2003.
ATTEST:
Clerk to the Board of
County Commissioners
COUNTY OF EAGLE, STATE OF
®~ ~c~ co OLORADO, By and Through Its
OARD OF COUNTY COMMISSIONERS
? L toa~+9o
By:
Michael L. Gallagher
Chairm
By:
Tom C. Stone
' sinner
By:
coni
Commissioner
Commissioner ~/~~~ ~ seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Michael L. Gallagher _
Commissioner Tom C. Stone ,.:~~~ ~
CommissionerArn M. Menconi e~ ~,,,
This Resolution passed by~.~~~~~~~.~'/J~~ vote of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
G:\jks\resolutions\\final release cordillera Filing 39
File No. 87-84
II~VIIIVII IIII ~~I~'l Al IIII III III 853568 .,~
1 -
~ ,
MEMORANDUM '~
~_`~ ::
EAGLE COUNTY ENGINEERING
~.
! '`~
~,-
TO: Janice Scofield, Attorney's Office l' ~ _
FROM: Mike Gruber, Engineering ~~~~~
DATE: September 16, 2003
'
; ,~
ltE: Cordillera, Filing 39, Release of Collateral and Termination of the Warranty Period
Mr. John Cahill, Director of Construction for Cordillera, has made a request for inspection of work
for filing 39 under the warranty period as established by Consent Resolution No. 2002-01.
Inspection was conducted by me on September 8, 2003. The improvements are complete, have
survived the two-year warranty and are acceptable per the terms and conditions of the Subdivision
Improvements Agreement.
I recommend termination of the Agreement and release of the remaining collateral in the amount o,f
$22,810.00. This amount is equivalent to the 10% of the improvements cost being retained until
successful completion of the warranty period and fulfillment of the terms and conditions of the
Subdivision Improvements Agreement.
These improvements entail the construction of utility infrastructure and private roadways. County
maintenance is not required for these roads.
# # #
853~~i8
10914/20@3 11:47A
Teak J Simonton Eagle: CO 370 R 0.00 D 0.00
Pc: Helen Migchelbrink, County Engineer
Justin Hildreth, Project Engineer
John Cahill, Director of Construction, Cordillera
Chrono/File
EXHIBIT ',
L r'
