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HomeMy WebLinkAboutR00-068 final release of collateral for Western Slope UtilitiesY 6 Commissioner moved adoption of the foll Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2000- FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR WESTERN SLOPE UTILITIES WHEREAS, on or about April 20, 1998, 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 #2485 (Permit) to Western Slope Utilities (Western Slope) for work at 136 Juniper Lane, Eby Creek Mesa Subdivision; 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. 100001136, Colorado Community First National Bank, in the amount of $1,750.00; and WHEREAS, Western Slope has represented to the Board, and members of the County staff have corroborated those representa- tions, that the improvements have satisfactorily survived the two - year warranty period; and WHEREAS, Western Slope 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. 100001136, Colorado Community First National Bank, in the amount of $1,750.00 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. 100001136 in the amount of $1,750.00. and the termination of the warranty period for Western Slope. 0 THAT, the Board hereby authorizes Colorado Community First National Bank to release the security represented by the Assignment of the Certificate of Deposit Number 100001136 in the amount of $1,750.00. 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 has been successfully completed and that the obligations under Road Cut Permit # 2485 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 o Colorado, at its regular meeting held the day of ti . -G 1,r_ 2000. '; O -7 ATTEST: 1` ° Clerk to the Board of "` f Tom 1 C. Stone County Commissioners Chairman v Commissioner ° �� ; , seconded adoption of foregoing resolution, The roll having been called, the vote wa follows: COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its .BOARD OF COUNTY COMMISSIONERS Commissioner the s as Commissioner Tom C. Stone `, r Commissioner Michael L. Gallagher Commissioner Johnnette Phillips This Resolution passed by 'firm %� '.; -- vote of the Board of County Commissioners of the County of Eagle, State of Colorado. nlr \r \western slope - release of collateral Mfchaer" L" (1allaghe Commissioner d MEMORANDUM EAGLE COUNTY ENGINEERING TO: Nancy Lewis, Attorney's Office FROM: Karen A. Filter, Public Works Inspector DATE: 3/6/00 RE: Permit #2485 for Construction in the Public Way of Eagle County The requested correction at 136 Juniper in Eby Creek Subdivision has been completed, inspected and approved for collateral release, represented by a letter of credit in the amount of $1750.00. cc: Helen Migchelbrink, acting Eagle County Engineer Chrono / file