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HomeMy WebLinkAboutR99-210 Cordillera Valley Club filing 1 final releaseCommissioner 0 4M,6 97 J moved adoption of j t�e following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 99- /O FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR CORDILLERA VALLEY CLUB, FILING 1, PARCELS lA AND 1B (Originally Wildhorse Subdivision) WHEREAS,, on March 21, 1995, Cordillera Valley Club Investors Limited Partnership ( "Subdivider ") and the Board of County Commissioners of Eagle County, Colorado (hereinafter "Board ") entered into a Subdivisions Improvements Agreement (hereinafter "Agreement ") concerning the development of Cordillera Valley Club, Filing 1, Parcels lA and 1B; and WHEREAS, by Eagle County Consent No. 97 -22, the County commenced the warranty period for Filing 1, Parcels lA and 1B, said warranty period to expire October 9, 1999; 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 Improve- ments Agreement, see Exhibit "A ", attached hereto and incorporated herein by this reference. Based upon the oral and written recommen- dations 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 Improvements Agreement has ended. 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 collateral and the termination of the Subdivision Improvements Agreement for Cordillera Valley Club, Filing 1, Parcels lA and 1B. L � tl —o �_� tl tl Yl s _ W m Mm _o_ m _ �® m ® =m c �.. o� m Sri m _gym �N !nw Pl =f-- o 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 Valley Club, Filing 1, Parcels lA � and 1B has been successfully completed and that the Subdivider's obligations under the Agreement are complete. THAT, the Letter of Credit No. 937 -0315 #3 issued by First Bank of Avon be returned. MOVED, READ AND ADOPTED by of the County of Eagle,.,Sta�t�"'� of held the n f�, day of (,d Y ATTEST: the Board of County Commissioners Colorado, at its regular meeting COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS e By: ' Cl&rk to the Board of County Commissioners ohnnette Phillips / `Chairman L Tom C. Stone, Commissioner Commissioner 2,-; seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Johnnette Phillips Commissioner Tom C. Stone Commissioner James E. Johnson, Jr. � ) This Resolution passed by �LjT/[�LC� /�OLC vote of the Board of County Commissioners of the County of Eagle, State of Colorado. #92 -16 kaw \r \cvc #1.re1 111111 "III 1111111 IIIII IIIII IIIII IIIII III IIIII IIII IIII 717496 12/13/1999 06:16P 370 Sara Fisher 2 of 3 R 0.00 D 0.00 N 0.00 Eagle CO MEMORANDUM EAGLE COUNTY ENGINEERING TO: Nancy Lewis County Attorney's Office FROM: Helen Migchelbrink 0 0 t i\ Engineering Department DATE: November 8, 1999 RE: Cordillera Valley Club Filing 1, Parcels 1A and 1B (Wildhorse Subdivision) Completion of Warranty Period On October 26, 1999, I conducted an inspection of Cordillera Valley Club Filing 1. All improvements included in the S.I.A. have been completed and successfully survived the warranty period. I recommend the release of all collateral held ($527,672.18). The warranty period should end with this release. Eagle County will have no responsibility to maintain, repair or otherwise deal with any private roads serving the lots in this subdivision. # # # Pc: George Roussos Chrono /file F: \docs\Memos \cvc filing 1 warranty end.wpd 111111" 717496 III" 11' 11 1111'III111111111111III"I"III)I" 12/13/1999 06:16P 370 Sara Fisher 3 of 3 R 0.00 D 0.00 N 0.00 Eagle CO