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
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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.
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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
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Clerk to the oard of •• es E. .ohnson�
County Commissioners • hairman
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1 111111 11111 1111111 1111 1111 1H1111111111111111111111H1 Georg A. Gates, Commissioner
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,�� / � / /
/ohnnette Phillips,
Commissioner
Commissioner A - ,) seconded adoption of the
• foregoing resolution. The roll having been called, the vote was as
follows:
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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.
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•
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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.
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cc: George Roussos, County Engineer
Nancy Lewis, Attorney's Office
41 / Chrono /File
EXHIBIT
A°.