HomeMy WebLinkAboutR99-120 draw cordillera filing 28Commissioner Ll A mn,7 � _ moved adoption
of the following Res ution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO.99 -
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. 101397230 IN THE AMOUNT OF $32,108.10
FOR THE ACCOUNT OF STAG GULCH PARTNERS DRAWN
ON NORWEST BANK FOR CORDILLERA FILING 28
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 ( "Agreement ") with Stag Gulch Partners, a Colorado General Partnership,
( "Subdivider "), as a condition of final plat approval for Cordillera Filing 28; 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 will expire on July 15,1999; and
WHEREAS, the Board finds, determines and declares that there has been a default under
the SIA and that a sum certain of $32,108.10 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 County Attorney, are authorized to execute any and all
documents necessary to draw upon irrevocable Letter of Credit No. 101397230 in the amount of
$32,108.10 issued by Norwest Bank.
THAT, James R. Fritze, County Attorney, Robert W. Loeffler, Deputy County Attorney,
and 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 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 of Colorado, at its regular meeting held the /a t�;L day, of July,
1999.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: q j,��. BOARD OF COUNTY COMMISSIONERS
np A9
o
By
Clerk to the Board of Johnnette Phillips
County Commissioners Chairman
Tb
Tom 1C. Stone
1
Commissioned4Yu seconded adoption of the foregoing resolution. The roll having been
called, the vote was as follows:
Commissioner Johnnette Phillips
Commissioner Tom C. Stone �� p
Commissioner James E. Johnson, Jr.
This Resolution passed by (- - v vote of the Board of County Commissioners of the County of
Eagle, State of Colorado.
File No.
