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HomeMy WebLinkAboutR98-091 Sopris View Apartments Final Release EMMEMMEMMEW :F f • Commissioner _n moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 98- 9 FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR SOPRIS VIEW APARTMENTS AS TO PHASES I, VI, VII, AND VIII 666238 08/17/1998 03:34P 370 Sara Fisher 1 of 4 R 0.00 D 0.00 N 0.00 Eagle CO WHEREAS, on the 28th day of September, 1993, Clay Crossland • and Paul Adams, doing business as Basalt Trade Associates (hereinafter "Subdivider ") and the Board of County Comissioners of Eagle County, Colorado (hereinafter "Board ") entered into a Subdivisions Improvements Agreement (hereinafter "Agreement ") concerning the development of Summit Vista, Lot 1, also known as Sopris View Apartments (hereinafter referred to as "Project "); and WHEREAS, pursuant to the Agreement the Subdivider provided the Board with collateral for those public improvements required under the agreement; WHEREAS, by Eagle County Resolution No. 96 -121, based upon the recommendations of the County Engineer and the County Attorney, the Board authorized the release of collateral in the amount of $7,696.50, thereby reducing the collateral to $1,648.50 which amount represented ten percent (100) of the public improvements; WHEREAS, both the Subdivider and the Engineering Department state that the work required under the Agreement are complete and acceptable and the Engineering Department recommends full release • of the collateral and the termination of the warranty period, see Exhibit "A ", attached hereto and incorporated herein by this reference. Based upon the oral and written recommendations of the l 111111 11111 11111111111 1111 11111 1111111 111 11111 1111 1111 666854 08/21/1998 03:12P 370 Sara Fisher 1 of 4 R 0.00 D 0.00 N 0.00 Eagle CO County staff, THE BOARD FINDS that the Subdivider's obligations under the Agreement have been satisfied. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY 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 warranty period for Sopris View Apartments as to Phases I, VI, VII and VIII. THAT, the Eagle County Treasurer's Office is hereby directed to issue a warrant to Basalt Trade Associates in the amount of $1,648.50. THAT, this document shall be recorded in the Records of the Eagle County Clerk and Recorder, which shall be evidence that the warranty period for Sopris View Apartments Phases I, VI, VII and VIII 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 of Colorado, at its regular meeting held the day of , 1998. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its ATTEST: BOARD OF COUNTY COMMISSIONERS 0 111" .14A .i ' 4,, By /` ' r Clerk to the Board of es E. Jo'r'son, "11 County Commissioners , airman 1 11111 1111111 1111 1111 11111 1111111 111 11111 1111 1111 26f84 08/21/1998 03:12P 370 Sara Fisher o R 2 of 4 R 0.00 N 0 D 0.00 N 0.00 Eagle CO George . Gates, Commissioner 4 . 4% • ohnnette Phillips, Commissioner 666238 08/17/1998 03:34P 370 Sara Fisher 2 of 4 R 0.00 D 0.00 N 0.00 Eagle CO • • Commissioner i j 1p seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner James E. Johnson, Jr. g Commissioner George A. Gates o Commissioner Johnnette Phillips / This Resolution passed by C3 -p vote of the Board of County Commissioners of the County of Eagle, State of Colorado. #84 -152 kaw \r \sop.fin 111111 11111 011111 1111 1111 11111 1111111 III 11111 1111 I 666854 08/21/1998 03:12P 370 Sara Fisher 3 of 4 R 0.00 D 0.00 N 0.00 Eagle CO . 666238 08/17/1998 03:34P 370 Sara Fisher 3 of 4 R 0.00 D 0.00 N 0.00 Eagle CO • • MEMORANDUM EAGLE COUNTY ENGINEERING 0 F5 c7.- TO: Renee Allee Black, Asst. Attorney JUN 3 0 1998 FROM: Jerry Brasher, Project Engineer , ., DATE: June 29, 1998 f EAGLE COUNTY ATTORNEY RE: Final Collateral Release Sopris View Apartments O IC2 In response to a request from Paul Adams of Basalt Trade Associates I made a final collateral release inspection of the Sopris View Apartments on June 3. The improvements were in acceptable condition and I would recommend the release of the final $1648.50. The county will not be assuming responsibility for any of the improvements. 1 1 1( 1 • 1111111 11111 1111111 1111111111111 111E1111 11111 11111111 666854 08/21/1998 03:12P 370 Sara Fisher 4 of 4 R 0.00 D 0.00 N 0.00 Eagle CO 666238 08/17/1998 03:34P 370 Sara Fisher 4 of 4 R 0.00 D 0.00 N 0.00 Eagle CO cc: George Roussos, County Engineer Chrono /File EXHIBIT