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HomeMy WebLinkAboutR99-212 Cordillera valley club filing 3 final releaseCommissioner �� ��� moved adoption of the following Resolution: _ L tl _ r __ LLU tl tl V1 M � W _rm �Mm _dm ®a —mc oC9m �Ma _Cm � - NM �r_ o _F_ .+ BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 99- l" FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR CORDILLERA VALLEY CLUB, FILING 3 WHEREAS, on October 12, 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 3; and WHEREAS, by Eagle County Consent No. 97 -19, the County commenced the warranty period for Filing 3, 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 SSIONERS 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 3. THAT, this document shall 1 Eagle County Clerk and Recorder, warranty period for Cordillera recorded in the Records of the which shall be evidence that the Valley Club, Filing 3 has been successfully completed and that the Subdivider's obligations under the Agreement are complete. THAT, the Letter of Credit No. 937 -0315 #5 issued by First Bank of Avon be returned. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State f Colorado, at its regular meeting held the day, of / 1999. NT, ATTEST: erk to the Bo rd ef County Commissioners COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS 1 ohnnette Phillips Chairman 111111111111111111111111 IIIII 1111111111 III 1111111111111 717472 12/13/1999 05:59P 370 Sara Fisher 2 of 3 R 0.00 D 0.00 N 0.00 Eagle CO Tom . Stone, Commissioner Commissioner seconded adoption of the foregoing reso ution. 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 vote of the Board of County Commissioners of the County of Eagle, State of Colorado. #92 -16 kaw \r \cvc #3.re1 MEMORANDUM EAGLE COUNTY ENGINEERING TO: Nancy Lewis County Attorney's Office FROM: Helen Migehelbrink �to Vk Engineering Department DATE: November 8, 1999 RE: Cordillera Valley Club Filing 3 Completion of Warranty Period On October 26, 1999, I conducted an inspection of Cordillera Valley Club Filing 3. 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 ($21,265.11). 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. Pe: Geor s 1111111 11111 1111111 1111111111 III 1111111 III 11111 11111111 Chrono /f file ile 717472 12/13/1999 05:59P 370 Sara Fisher 3 of 3 R 0.00 D 0.00 N 0.00 Eagle CO F: \does \Memos \cvc filing 3 warranty end.wpd