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HomeMy WebLinkAboutR99-020 Draw on edwards interchangea] Commissioner moved adoption of the following esolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 99 -S6X�2 RESOLUTION CONFERRING POWER OF ATTORNEY UPON JAMES R. FRITZE, COUNTY ATTORNEY; ROBERT W. LOEFFLER, DEPUTY COUNTY ATTORNEY; RENEE ALLEE BLACK, ASSISTANT COUNTY ATTORNEY; AND KATHY WALTER, PARALEGAL, TO ACT AS ATTORNEY IN FACT FOR THE COUNTY OF EAGLE, STATE OF COLORADO, WITH RESPECT TO LETTER OF CREDIT NO. 9835962 IN THE AMOUNT OF $23,454.20 FOR THE ACCOUNT OF EDWARDS INTERCHANGE LIMITED PARTNERSHIP, LLLP DRAWN ON 1ST BANK OF AVON WHEREAS, pursuant to C.R.S. 30- 28 -37, the Board of County Commissioners of the County of Eagle, State of Colorado ( "Board ") entered into a Subdivision Improvements Agreement dated February 20, 1997 ( "Agreement ") with Edwards Interchange Limited Partnership ( "Subdivider ") , as a condition of final plat approval for Northstar Center; and WHEREAS, the Subdivider provided collateral in the form of Letter of Credit No. 9835962 in the amount of $23,454.20 to guarantee the faithful completion of the public improvements; and WHEREAS, said Letter of Credit in the amount of $23,454.20 will expire on February 20, 1999; and WHEREAS, the Board finds, determines and declares that there has been a default under the Agreement and that a sum certain of $23,454.20 is required to remedy the default. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, James R. Fritze, County Attorney; Robert W..Loeffle_, Deputy County Attorney; Renee Allee Black, Assistant County y Attorney; and Kathy Walter, Paralegal, are authorized to execute any and all documents necessary to draw upon said Letter of Credit. THAT, James R. Fritze, County Attorney; Robert W. Loeffler, Deputy County Attorney; Renee Allee Black, Assistant County Attorney; and Kathy Walter, Paralegal, are hereby granted power of attorney to act as attorney in fact for the County of Eagle, State of Colorado, and its Board of County Commissioners, with regard to any and all actions that may be necessary to draw upon said Letter of Credit. THAT, the Chairman of the Board is authorized to execute a Power of Attorney for the purposes contemplated herein in the form attached to this Resolution as Exhibit A and made a part hereof by this reference. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State gL Colorado, at its regular meeting held the /6'� day of cr' 1999. ATTEST: Clerk to theJ'Board of County Commissioners COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS By: 0-01/_)4/ c JC Johnnette Phillips Chairman Tom C. Stone 1 Commissioner seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Johnnette Phillips �pjny_ Commissioner Tom C. Stone Commissioner James E. Johnson, Jr. This Resolution passed by 07 vote of the Board of County Commissioners of the County of Eagle, State of Colorado.