HomeMy WebLinkAboutR98-090 Eagle Vail Commerical Service Center Final Release • • Commissioner moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGTJE, STATE OF COLORADO RESOLUTION NO. 98- 9Q FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE SUBDIVISION IMPROVEMENTS AGREEMENT FOR EAGLE -VAIL COMMERCIAL SERVICE CENTER 666237 08/17/1998 03:34P 370 Sara Fisher 1 of 4 R 0.00 D 0.00 N 0.00 Eagle CO WHEREAS, pursuant to C.R.S. 30 -28 -137, the Board of County Commissioners of the County of Eagle, State of Colorado ( "County ") entered into a Subdivision Improvements Agreement dated July 18, • 1995 ( "Agreement ") with Eagle -Vail, NV, a Netherlands Antilles Corporation, Eagle -Vail, Associates #1, a General Partnership ( "Subdivider ") as a condition of final plat approval for Eagle Vail Commercial Service Center; and WHEREAS, by Eagle County Consent No. 96 -27, based upon the recommendations of the County Engineer and the County Attorney, the Chairman of the Board authorized the release of collateral in the amount of $2,659.50, thereby reducing the collateral to $5,605.50 which amount represents ten percent (100) of the original cost estimate. WHEREAS, the improvements collateralized by the Subdivider generally concern drainage features, and the County will not assume any maintenance duties. WHEREAS, the Engineering Department states that the work required under the Agreement is complete and acceptable and the Engineering Department recommends full release of the collateral and the termination of the Subdivision Improvements Agreement, see Exhibit "A ", attached hereto and incorporated herein by this • reference. Based upon the oral and written recommendations of the County staff, THE BOARD FINDS that the Subdivider's obligations under the Agreement have been satisfied. 1 I 11111 I 1111 1 I I I I I I I I I 11111 I I 666855 08/21/1998 03:18P 370 Sara Fisher 1 of 4 R 0.00 D 0.00 N 0.00 Eagle CO 111P AM NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY le COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, the Board hereby authorizes the full and final release of collateral and the termination of the Subdivision Inprovements Agreement for Eagle -Vail Commercial Service Center. THAT, this document shall be recorded in the Records of the Eagle County Clerk and Recorder, which shall be evidence that the termination of the SIA for Eagle -Vail Commercial Service Center has been successfully completed and that the Subdivider's obligations under the Agreement are complete. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State .f Colorado, at its regular meeting held the day of AR !, , 1998. t COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its • ATTEST: OItA "Er BOARD OF COUNTY COMMISSIONERS t n 0 1 /� / /� tiiW�` . 4611111 l Air r Clerk to the oard of •• es E. .ohnson� County Commissioners • hairman --eevtc.d.J 1 111111 11111 1111111 1111 1111 1H1111111111111111111111H1 Georg A. Gates, Commissioner 666855 08/21/1998 03:18P 370 Sara Fisher 2 of 4 R 0.00 D 0.00 N 0.00 Eagle CO . ,�� / � / / /ohnnette Phillips, Commissioner Commissioner A - ,) seconded adoption of the • foregoing resolution. The roll having been called, the vote was as follows: 666237 08/17/1998 03:34P 370 Sara Fisher 2 of 4 R 0.00 D 0.00 N 0.00 Eagle CO Commissioner James E. Johnson, Jr. /vy��, �,,y 4110 Commissioner George A. Gates / Commissioner Johnnette Phillips ( / This Resolution passed by 3-0 vote of the Board of County Commissioners cf the County of Eagle, State of Colorado. kaw \r \sia.fin • • 1 111111 11111 1111111 1111 1111 11111 1111111 III 11111 1111 1111 666855 08/21/1998 03:18P 370 Sara Fisher 3 of 4 R 0.00 D 0.00 N 0.00 Eagle CO elliallibralle1011111111111 666237 08/17/1998 03:34P 370 Sara Fisher 3 of 4 R 0.00 D 0.00 N 0.00 Eagle CO 411/ 111, MEMORANDUM EAGLE COUNTY ENGINEERING TO: Renee Black / Assistant County Attorney FROM: Mike Gruber / Engineering /1' k DATE: July 1, 1998 RE: lEagle-Vail Commercial Service Center,) SU- 31 -95 -AF L.O.0 #9392920; Final Collateral Release, Termination of SIA Inspection was performed on July 1, 1998 near the completion date of the warranty period as determined by Consent No. 96 -27. The 411 improvements are complete and acceptable per the terms and conditions of the SIA. These improvements entail the construction of drainage features. County maintenance is not required. Release of collateral and termination of the SIA is recommended. 666237 08/17/1998 03:34P 370 Sara Fisher 4 of 4 R 0.00 D 0.00 N 0.00 Eagle CO 11111 "III 1111111 1111 1111 11111 1111111 I I 1 11111 1111 1111 666855 08/21/1998 03:18P 370 Sara Fisher 4 of 4 R 0.00 D 0.00 N 0.00 Eagle CO cc: George Roussos, County Engineer Nancy Lewis, Attorney's Office 41 / Chrono /File EXHIBIT A°.