HomeMy WebLinkAboutR99-213 Cordillera valley club filing 4 final releasenow
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Commissioner, ` Y1�1�)1(� — moved adoption
of a following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO.
FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE WARRANTY PERIOD
FOR
CORDILLERA VALLEY CLUB, FILING 4
WHEREAS, on March 19, 1996, 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 4; and
WHEREAS, by Eagle County Consent No. 97 -20, the County
commenced the warranty period for Filing 4, said warranty period to
expire October 7, 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 4.
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 4 has been
�a
successfully completed and that the Subdivider's obligations under
the Agreement are complete.
THAT, the Letter of Credit No. 937 -0315 #7 issued by First
Bank of Avon be returned.
held the day of 999.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: BOARD OF COUNTY COMMISSIONERS
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County 9f Eagle, State f Colorado, at its regular meeting
Clerk to the Board o
County Commissioners
chnnette Phillips
Chairman
1 111111 11111
717473
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III
Sara
11111 IIII 1111
Fisher
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Commissioner seconded adoption of the
foregoing resnution. The roll having been called, the vote was as
follows:
Commissioner Johnnette Phillips 17
Commissioner Tom C. Stone
Commissioner James E. Johnson, Jr.
This Resolution passed by /��/jd/7 /]jj� vote of the Board
of County Commissioners of the County of Eagle, State of Colorado.
#92 -16
kaw \r \cvc #9.re1
Tom C.k Stone, Coiftisi— sssioner
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Nancy Lewis
County Attorney's Office
FROM: Helen Migchelbrink 1� PA
Engineering Department
DATE: November 8, 1999
RE: Cordillera Valley Club Filing 4 Completion of Warranty Period
On October 26, 1999, I conducted an inspection of Cordillera Valley Club Filing 4. 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 ($29,325.83). 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 (I"III "III "II'II II'I' (I'II "I II'll') III'II" IIII I"I
Chrono /file
717473 12/13/1999 06:00P 370 Sara Fisher
3 of 3 R 0.00 D 0.00 N 0.00 Eagle CO
F: \docs\Memos \cvc filing 4 warranty end.wpd
EXHIBIT
