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HomeMy WebLinkAboutR11-094 Bellyache Ridge Metro District Release EAGLE COUNTY, CO 201115253 15253 TEAK J SIMONTON L .J P9B: 3 04 :25 :35PM 08 J 1 6 J 20 1 1 " REC: $0.00 DOC: $ CJO/ C! GCJ 1 1 11 1 1 111 11 11 11 1 1 11 1 11 1111 11 Commissioner ri/VX- U moved adoption of the following Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2011-01 I FOR RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT NO.2297021046 FOR ROAD CUT PERMIT NO. 3714 FOR BELLYACHE RIDGE METROPOLITAN DISTRICT WHEREAS, the Board of County Commissioners of the County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3714 to Bellyache Ridge Metropolitan District for work performed at 5223 and 4236 Bellyache Ridge Road and 192 Little Dipper Road, Bellyache Ridge Subdivision (Subdivider); and WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate of Deposit No. 2297021046 issued by First 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 required under the Road Cut Permit is satisfactory and the Engineering Department recommends full release of the collateral (Exhibit "A "); and WHEREAS, the release of the Assignment of Certificate of Deposit requires termination of the Assignment by written Resolution of the Board of County Commissioners. 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 the collateral and the Assignment of Certificate of Deposit No. 2297021046 be terminated and that the same be returned to the Subdivider. 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 Bellyache Ridge Metropolitan District 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 1(p day of August, 2011. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its ATTEST: °' OARD OF COUNTY COMMISSIONERS e alk LI BY: • %' • : 37 r ink Clerk to the Boa of Jan S avney County Commissioners _ ai an z t Peter F. Runyon Commissioner By: `z.., Sara J. Fisher Commissioner Commissioner L(, S U eta- seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Stavney 14-1., ti Y 1 Commissioner Runyon / a C ommissioner Fisher 1 ti This Resolution passed by / b vote of the Board of County Commis- sioners of the County of Eagle, State of Colorado. • G:\NRW \RESOLUTIONS - POA - LOC\FORMS Final release of collateral \ASSIGNMENT RELEASE of certificate of deposit.2010DOC MEMORANDUM EAGLE COUNTY ENGINEERING TO: Nancy Wright, Attorney's Office FROM: Mike Gruber, Engineering l �% DATE: August 9, 2011 � RE: Collateral Release, Certificate of Deposit No. 2297021046 In the amount of $2,000.00 Construction in the Public Way Permit No. 3714 Bellyache Ridge Metropolitan District — Assignment of First Bank Certificate of Deposit Inspection was made August 9, 2011, of the work performed under Construction in the Public Way Permit #3714, for work performed on 5223 & 4236 Bellyache Ridge Road and 192 Little Dipper Road, Bellyache Ridge subdivision. The work is satisfactory under the requirements of the permit and has successfully survived a two year warranty period. Release of the Certificate of Deposit as collateral is recommended. # ## cc: Eva Wilson, County Engineer — email EXHIBIT