HomeMy WebLinkAboutR98-148 Kensington Partners Letter of Credit y III i
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C ommissioner, moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 98- /7,5
RESOLUTION CONFERRING POWER OF ATTORNEY UPON
JAMES R. FRITZE, COUNTY ATTORNEY, ROBERT W.
LOEFFLER, DEPUTY COUNTY ATTORNEY, RENEE ALLEE
BLACK, ASSISTANT COUNTY ATTORNEY AND KATHY A.
WALTER, PARALEGAL, TO ACT AS ATTORNEY IN FACT
FOR THE COUNTY OF EAGLE, STATE OF COLORADO,
WITH RESPECT TO LETTER OF CREDIT NO. 213 IN
THE AMOUNT OF $44,487.00 FOR THE ACCOUNT OF
KENSINGTON PARTNERS DRAWN ON MOUNTAIN BANK
WHEREAS, on or about August 10. 1993, pursuant to C.R.S. 30-
28 -137, the County entered into a Subdivision Improvements
Agreement (hereinafter "SIA ") with Kensington Partners as a
condition of the County's final plat approval of Cordillera Filing
3; and
WHEREAS, Kensington Partners provided collateral in the form
of an Irrevocable Letter of Credit No. 213 in the amount of
$44,487.00 to guarantee the faithful completion of the public
improvements; and
WHEREAS, said Letter of Credit will expire on December 8,
1998; and
WHEREAS, the Board finds, determines and declares that there
has been a default under the SIA and that a sum certain of
$44,487.00 is required to remedy the default.
l
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. 111 411
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State Colorado, at its regular meeting
held the / day of '7 1998.
"C COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: . BOARD OF COUNTY COMMISSIONERS
h .. ,/ h.
4tthe �� ,e7;, By : - ri, .-
.
Clerk to the Board of ( Jam. -s E. J. so ,
County Commissioners Ch..irman
eorge Gg • Gates
� mmis ioner
IP , -1. "KA . A.Nd _ - &gat ■ - /■ - , i
Johnnette Phillips
Commissioner
t
Commissioner ,i i seconded adoption of the
foregoing resolution. The roll having been called, the vote was as
follows:
Commissioner James E. Johnson, Jr. A
Commissioner George A. Gates IP ,
Commissioner Johnnette Phillips Amp
This Resolution passed by / Q',/,/if ..---' vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
• 411
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS: That the County of Eagle,
State of Colorado, a body politic and corporate, reposing special
trust and confidence in James R. Fritze, Robert W. Loeffler, Renee
Allee Black, and Kathy A. Walter, of the County of Eagle, State of
Colorado, has made, constituted and appointed, and by these
presents does make, constitute and appoint the said James R. Fritze
and /or Robert W. Loeffler and /or Renee Allee Black, and /or Kathy A.
Walter and each of them, the true and lawful attorney for the
County of Eagle; and in its name, place and stead, for its sole use
and benefit, to draw upon Letter of Credit No. 213 in the amount of
$44,487.00 issued by Mountain Bank to Kensington Partners and to
execute, make, endorse, and accept any documents necessary to
accomplish the foregoing purpose.
Hereby giving and granting unto James R. Fritze, and /or
Robert W. Loeffler, and /or Renee Allee Black, and /or Kathy Walter,
said attorneys, full power and authority to do and perform all and
every act and thing whatsoever requisite and necessary to be done
in and about the premises, as fully to all intents and purposes as
it might or could do if personally present, with full power of
substitution and revocation, hereby ratifying and confirming all
that its said attorney or his substitutes shall lawfully do or
cause to be done by virtue hereof.
IN WITNESS WHEREOF, the County of Eagle has caused its name to
be signed by its Chairman of the Board of County Commissioners, and
its seal to be affixed and attested by its Clerk, all being done in
t Town of Eagle, and State of Colorado, on this j day of
, 1998.
17 / o COUNTY OF EAGLE, STATE OF
" / z, COLORADO, By and Through Its
ATTEST:
� '� BOARD OF COUNTY COMMISSIONERS
1, �----
By � i. B
erk of the Board .f Ja -es E. Joh -on, 111/0
County Commissioners • airman
I 4
STATE OF COLORADO )
ss
County of Eagle )
I, -j -iL �- t % I, c'% Notary Public in and for said Eagle
County., in the State aforesaid, do hereby certify that James E.
Johnson, Jr., Chairman of the Board of County Commissioners of the
County of Eagle, State of Colorado, and Sara J. Fisher, County
Clerk and Clerk to the Board of County Commissioners, County of
Eagle, State of Colorado, personally known to me to be the persons
whose names are subscribed to the within Power of Attorney,
appeared before me this day in person and acknowledged that they
signed, sealed and delivered the said instrument of writing as
their free and voluntary act and deed, for the uses and purposes
therein set forth.
2.,
g iven under my hand and notary seal, this / day of
-(%es? i4.,K <2_, , 1998.
My commission expires L L ...4 -� _. , � � (' .
Notary Pu X ic
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