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HomeMy WebLinkAboutR00-027 Draw on Edwards Interchange II`i Commissioner moved adoption of the following esolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2000 -oa RESOLUTION CONFERRING POWER OF ATTORNEY UPON JAMES R. FRITZE, COUNTY ATTORNEY; ROBERT W. LOEFFLER, DEPUTY COUNTY ATTORNEY; RENEE ALLEE BLACK, ASSISTANT COUNTY Attorney TO ACT AS ATTORNEY IN FACT FOR THE COUNTY OF EAGLE, STATE OF COLORADO, WITH RESPECT TO LETTER OF CREDIT NO. S801802 IN THE AMOUNT OF $18,954.77 FOR THE ACCOUNT OF EDWARDS INTERCHANGE II, LLC DRAWN ON NORWEST BANK WHEREAS, pursuant to C:R.S. 30- 28 =37, the Board of County Commissioners of the County of Eagle, State of Colorado ( "Board ") entered into a Subdivision Improvements Agreement dated February 20, 1997 ( "Agreement ") with Edwards Interchange Limited Partnership ( "Subdivider ") , as a condition of final plat approval for Northstar Center; and WHEREAS, the Subdivider provided collateral in the form of Letter of Credit No. S801802 in the amount of $1.8,954.77 to guarantee the faithful completion of the public improvements; and WHEREAS, said Letter of Credit in the amount of $18,954.77 will expire on February 17,2000; and WHEREAS, the Board finds, determines and declares that there, has been a default under the Agreement and that a sum certain of $18,954.77 is required to remedy the default. NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO: THAT, James R. Fritze, County Attorney; Robert W. Loeffler, Deputy County Attorney; Renee Allee Black, Assistant County Attorney are authorized to execute any and all documents necessary to draw upon said Letter of Credit. C C THAT, James R. Fritze, County Attorney; Robert W. Loeffler, Deputy County Attorney; Renee Allee Black, Assistant County Attorney are hereby granted power of attorney to act as attorney in fact for the County of Eagle, State of Colorado, and its Board of County Commissioners, with regard.to any and all actions that may be necessary to draw upon said Letter of Credit. THAT, the Chairman of the, Board is authorized to execute a Power of Attorney for the purposes contemplated herein in the form attached. to this Resolution as Exhibit A and made a part hereof by this reference. 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 2000. ° COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its ATTEST:BOARD OF COUNTY COMMISSIONERS fti j , a4. J C'Terk to the Board of County Commissioners Tom t. . a,A �. � Johnnette Phillips Commissioner e! x Commissioner _ seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner Tom C. Stone Commissioner James E. Johnson, Jr. Commissioner Johnnette Phillips This Resolution passed by A -p vote of the Board of County Commissioners of the County of Eagle, State of Colorado. In 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, 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 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. S801802, in the amount of $18,954.77 issued by Norwest Bank to Edwards Interchange Limited Partnership, LLLP 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, 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 the, of Eagle, 'and State of Colorado, on this day of 2000. COUNTY OF EAGLE, STATE OF COLORADO,, By and Through Its ATTEST: BOARD OF COUNTY COMMISSIONERS By: By: Tom Stone Chairman County Commissioners M STATE OF COLORADO ) ss County of Eagle ) I, , Notary Public in and for said Eagle County, in the State aforesaid, do hereby certify that Tom C. Stone, 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. Given under my hand and notary seal, this day of 2000. My commission expires Notary Public r \northstar.drw file 96 -36