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HomeMy WebLinkAboutR98-070 Power of Attorney r • • Commissioner 60, moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 98- 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. 105 IN THE AMOUNT OF $36,758.70 FOR THE ACCOUNT OF MOUNTAIN MEADOWS RANCH DRAWN ON ALPINE BANK BASALT WHEREAS, on or about June 16, 1997, pursuant to C.R.S. 30 -28- 137, the County entered into a Subdivision Improvements Agreement (hereinafter "Agreement ") with Mountain Meadows Ranch ( "Mountain Meadows ") to guarantee the faithful completion of the public improvements; and WHEREAS, Mountain Meadows provided collateral in the form of Letter of Credit No. 105, dated June 4, 1997, in the amount of $36,758.70 issued by Alpine Bank Basalt ( "Letter of Credit ") to guarantee the faithful completion of the public improvements; and WHEREAS, said Letter of Credit will expire on June 4, 1998; and WHEREAS, the Board finds, determines and declares that there has been a default under the Agreement and that a sum certain of $36,758.70 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 II . . , . . Attorney 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; 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 Resolutidn 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 /1121-- day of C iia_ , 1998. 1' COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its ATTEST: G �£AG.c.. BOARD OF COUNTY COMMISSIONERS c / L O ) / Clerk to the :oard of a J. nson, . County Commissioners Chairman Geo Gates Commissioner 0 , ' 7 / - 'Johnnette Phillips Commissioner 410 Commissioner seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner James E. Johnson, Jr. Commissioner George A. Gates ai Commissioner Johnnette Phillips This Resolution passed by 3 -0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado.