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HomeMy WebLinkAboutR99-214 Cordillera valley club filing 5 final releaseI Commissione moved adoption of . e following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 99 - 1y L � Y � n �LLU 6 Y = m w �Mm _dm �oz �mm CD = 0) 0 �'. o�m grim _gym .r- o FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR CORDILLERA VALLEY CLUB, FILING 5 WHEREAS, on July 30, 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 5 -- the Legends; and WHEREAS, by Eagle County Consent No. 97 -14, the County commenced the warranty period for Filing 5 -- the Legends, 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 5 -- the Legends. 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 5 - the Legends �a has been successfully completed and that the Subdivider's obliga- tions under the Agreement are complete. THAT, the Letter of Credit No. 937 -0315 #6 issued by First Bank of Avon be returned. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State, Colorado, at its regular meeting held the day of e, ¢/1999. v «• F COUNTY OF EAGLE, STATE OF �' %� el l COLORADO, By and Through Its �; ATTEST: •� r: ! BOARD OF COUNTY COMMISSIONERS ° Io r �. 1i By rk to the" Board of Johnnette Ph ips County Commissioners Chairman 1 111111 11III 111111111111 11111'1' 1111111 III 11111 1111 717474 12/13/1999 06:01P 370 Sara Fisher 2 of 3 R 0.00 D 0.00 N 0.00 Eagle CO Tom CA. Stone, Commissioner Ja s E. John Jr. Co missioner Commissioner 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 vote of the Board of County Commissioners of the County of Eagle, State of Colorado. #92 -16 kaw \r \cvc #5.re1 I►%1a1 j011M_\►111i1► i EAGLE COUNTY ENGINEERING TO: Nancy Lewis County Attorney's Office FROM: Helen Migchelbrink {\V)V'k Engineering Department DATE: November 1, 1999 RE: Cordillera Valley Club Filing 5 (The Legends) Completion of Warranty Period On October 26, 1999, I conducted an inspection of Cordillera Valley Club Filing 5. 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 ($34,495.40). 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 IIIIII IIIII IIIIIII IIII' 11'11'1' 11'1"1111 IIIII IIII IN 717474 12/13/1999 06:01P 370 Sara Fisher 3 of 3 R 0.00 D 0.00 N 0.00 Eagle CO F: \docs\Memos \cvc filing 5 warranty end.wpd EXHIBIT __A —