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HomeMy WebLinkAboutR99-076 Draw on Matt and Nancy ShouldersCommissioner p 2 moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 99- (�! ( V 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. 9794395 IN THE AMOUNT OF $2,250.00 FOR THE ACCOUNT OF MATT AND NANCY SHOULDERS DRAWN ON 1st BANK OF AVON WHEREAS, on or about June 4, 1977, the Board of County Commissioners of the County of Eagle, State of Colorado ('Board ") granted Road Cut Permit No. 2403 to Matt and Nancy Shoulders (Shoulders); and WHEREAS, the Subdivider provided collateral in the form of a Letter of Credit further identified in the title hereof to guarantee the faithful completion of the public improvements; and WHEREAS, said Letter of Credit in the amount of $2,250.00 will expire on June 4, 1999; WHEREAS, the Board finds, determines and declares that there has been a default under the SIA and that a sum certain of $2,250.00 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. Loeffler, Deputy County Attorney, Renee Allee Black, Assistant County Attorney, and Kathy Walter, Paralegal, are authorized to execute any and all documents necessary to draw upon irrevocable Letter of Credit No. 9794395 in the amount of $2,250.00 issued by 1st Bank of Avon.. 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 Letter of Credit No. 9794395 in the amount of $2,250.00. 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 of Colorado, at its regular meeting held the day of May, 1999. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its A T ST: f BOARD OF COUNTY COMMISSIONERS �hv'/1 By: C er to the Board of O rman Johnnette Phillips County Commissioners Chai Tom C. Stone Commissioner Commissione seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Jo Phillips Commissioner Tom m C. C. Stone Commissioner James E. Johnson, Jr. This Resolution passed by vote the Board of County Commissioners of the County of Eagle, State of Colorado. File No.