HomeMy WebLinkAboutR99-109 draw on McJoint Venture filing 13Commissioner &�=p moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 99 - /0�j
RESOLUTION CONFERRING POWER OF ATTORNEY UPON
JAMES R. FRITZE, COUNTY ATTORNEY, ROBERT W.
LOEFFLER, DEPUTY COUNTY ATTORNEY, AND RENEE
ALLEE BLACK, ASSISTANT COUNTY ATTORNEY TO ACT
AS ATTORNEY IN FACT FOR THE COUNTY OF EAGLE,
STATE OF COLORADO, WITH RESPECT TO LETTER OF
CREDIT NO. 9382135 IN THE AMOUNT OF $15,899 FOR THE
ACCOUNT OF MC JOINT VENTURE - FILING 13
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 June 25, 1995, ('Agreement ") with McJoint Venture ('Subdivider ") as a
condition of final plat approval for Bearcat at the Ranch at Cordillera, Phase II, Cordillera
Subdivision, Filing 13; and
WHEREAS, MC Joint Venture provided collateral in the form of a Letter of Credit No.
938 -2135 in the amount of $15,899.00 issued by the 1st Bank of Avon; and
WHEREAS, said Letter of Credit in the amount of $15,899.00 will expire on July 31,
1999; and
WHEREAS, the Board finds, determines and declares that there has been a default under
the SIA and that a sum certain of $15,899.00 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,
and Renee Allee Black, Assistant Cr. unty Attorney, are authorized to execute any and all
documents necessary to draw upon irrevocable Letter of Credit No. 93 8213 5 in the amount of
$15,899.00.
THAT, James R. Fritze, County Attorney, Robert W. Loeffler, Deputy County Attorney,
Renee Allee Black, Assistant County Attorney, 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. 9382135 in the amount of $15,899.00.
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 June,
1999.
1 1.� 4 - 9*Ae—
Tom C. Stone
Commissioner
James E. Johnson, Jr.
Commissioner
Commissioner seconded adoption of the foregoing resolution. The roll having been
called, the vote was as follows:
Commissioner Johnnette Phillips nLrO
Com nissioner Tom C. Stone ° 7 �—
Commissioner James E. Johnson, Jr.
This Resolution passed by -(-) vote of the Board of County Commissioners of the County of
Eagle, State of Colorado.
File No.
