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HomeMy WebLinkAboutR98-102 Western Slope Utilities Final Release Commissioner 6Q. moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 98- Ar(p FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR WESTERN SLOPE UTILITIES, INC. WHEREAS, on or about October 1, 1996, pursuant to C.R.S. §30- 28 -137, the Board of County Commissioners of the County of Eagle, State of Colorado ( "Board ") granted Road Cut Permit # 2343 ( "Permit ") to Western Slope Utilities, Inc.; and WHEREAS, in order to guarantee the faithful completion of certain public improvements required under the Permit, the Board accepted as collateral an Assignment of Certificate of Deposit No. 100000592, Mountain Parks Bank, in the amount of $6,250.00; and WHEREAS, Western Slope Utilities, Inc., has represented to the Board, and members of the County staff have corroborated those representations, that the improvements have satisfactorily survived the two -year warranty period; and WHEREAS, Western Slope Utilities, Inc., has applied for a full release of its collateral; WHEREAS, based upon the written recommendations of the Engineering Department, attached hereto as exhibit "A ", the Board finds that the improvements have satisfactorily survived the two - year warranty period, and the full release of the Assignment of Certificate of Deposit No. 100000592, Mountain Parks Bank, in the amount of $6,250.00, is appropriate. 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 as said Assignment of Certificate of Deposit No. 1 111111 11111 11111111111 111111 111 1 111 111111111 1 1 1 1 668291 09/03/1998 04:30P 370 Sara Fisher 1 of 4 R 0.00 D 0.00 N 0.00 Eagle CO III 1 100000592 in the amount of $ 6,250.00. and the termination of the warranty period for Western Slope Utilities, Inc. THAT, the Board hereby authorizes Mountain Parks Bank to release the security represented by the Assignment of the Certifi- cate of Deposit Number 100000593 to the amount of $6,250.00. 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 Western Slope Utilities Inc, has been success- fully completed and that the obligations under Road Cut Permit # 2343 are complete. THAT, the County will not be accepting maintenance responsi- bilities for those improvements associated with this Road Cut Permit. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, State of Colorado, at its regular meeting held the &L day of , 1998. COUNTY OF EAGLE, STATE OF I COLORADO, By and Through Its ATTEST: e ! Th `` BOARD OF COUNTY COMMISSIONERS 171 '. d! / .i le in B Allifiglr Clerk to the Board of flames E. nsAl r., County Commissioners Chairma 4 4ext5( 71 George . Gates, Commissioner fit AM. __,,, / // ` Johnette Phil los, Com ssioner ./ 1 11111 1111111 1111 II1111111 1111111 111111111111 1111 668291 09/03/1998 04:30P 370 Sara Fisher 2 of 4 R 0.00 D 0.00 N 0.00 Eagle CO . . Commissioner / seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner James E. Johnson, Jr. a ��l Commissioner George A. Gates iy ,, a Commissioner Johnette Phillips `��- This Resolution passed by a - 0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado. kaw \r \cd.rel 1 111111 11111111111111111111111111111111 111 11111 11111111 668291 09/03/1998 04:30P 370 Sara Fisher 3 of 4 R 0.00 D 0.00 N 0.00 Eagle CO • MEMORANDUM EAGLE COUNTY ENGINEERING TO: Kathy Walter, Attorney's Office FROM: Mike Gruber, Engineering Akt DATE: August 20, 1998 RE: Western Slope Utilities Certificate of Deposit #100000592, $6,250.00 I have inspected the work collateralized with the referenced Certificate of Deposit under Permit To Construct Within the Public Way #2343. The work has successfully completed the two year warranty period. I recommend that the Certificate of Deposit be released. 1 111111 11111 1111111 1111 111111 III 1111111 I I I II I I 1 1111 IIL xc: Chrono /file 668291 09/03/1998 04:30P 370 Sara Fisher 4 of 4 R 0.00 D 0.00 N 0.00 Eagle CO EXHIBIT