No preview available
HomeMy WebLinkAboutR10-097 Dietz Final Release of Collateral and Termination of Warranty Deed Commissioner L _ _ _ __ moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2010- RELEASE OF LETTER OF CREDIT NO. 96006518 FOR ROAD CUT PERMIT NO. 3670 MATTHEW A. DIETZ WHEREAS, on or about August 9, 2008, the Board of County Commissioners of the County of Eagle, State of Colorado ( "Board ") granted Road Cut Permit No. 3670 to Matthew A. Dietz (Subdivider); and WHEREAS, the Subdivider provided collateral in the form of Letter of Credit No. 96006518 issued by Colorado Capital Bank in the amount of $2,000.00 to guarantee the faithful completion of the construction project; and WHEREAS, both the Subdivider and the Engineering Department state that the work performed under Construction in the Public Way Permit #3670, 121 Corral Road, Singletree Subdivision, Edwards, Colorado is satisfactory and has successfully completed the two year warranty period (Exhibit "A "). NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, based upon the oral and written recommendations of the County Engineer and County Attorney, THE BOARD FINDS that the work performed under Construction in the Public Way Permit #3670, 121 Corral Road, Singletree Subdivision, Edwards, Colorado is satisfactory and has successfully completed the two year warranty period. • THAT, the Board hereby authorizes the full and final release of the collateral and Letter of Credit No. 96006518 be terminated and that the same be returned to the Subdivider. 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 August, 2010. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its ATTEST: )y: •• :OARD OF COUNTY COMMISSIONERS i Clerk to the Board of S° Sara J. Fishe County Commissioners Chairman 41 Aft Jo Stavne C • /r• - 's ' • i 440 e: Peter F. Runyon Commissioner Commissioner � � seconded adoption of the foregoing resolution. The roll having been called, the vote was . 'lows: Commissioner Fisher Commissioner Stavney /' Commissioner Runyon �J This Resolution passed by � vote of the Board of County Commissioners of the County of Eagle, State of Colorado. nrw\res of uti o n s \die tz MEMORANDUM EAGLE COUNTY ENGINEERING TO: Nancy Wright, Attorney's Office FROM: Mike Gruber, Engineering /4// DATE: August 10, 2010 RE: Collateral Release, Millennium Bank, Letter of Credit No. 70110058 In the amount of $2,000.00 Construction in the Public Way Permit No. 3668 Fritz and Cecilia Schmidt, P.O. Box 150, Edwards, CO 81632 Inspection was made August 9, 2010 of the work performed under Construction in the Public Way Permit #3668, 5458 Bellyache Ridge Road, Bellyache Ridge Subdivision, Wolcott, CO. The work is satisfactory and has successfully completed the two year warranty period under the requirements of the permit. Release of the Letter of Credit as collateral is recommended. # ## EXHIBIT