No preview available
HomeMy WebLinkAboutR00-095 final release of collateral for Cordillera Filing 6fr BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2000 FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR CORDILLERA SUBDIVISION, FILING 6 WHEREAS, on November 2, 1992, Stag Gulch Partners, ( "Subdivider ") and the Board of County Commissioners of Eagle County, Colorado (hereinafter "Board ") entered into a Subdivisions Improvements Agreement (hereinafter "Agreement ") concerning the development of Cordillera Subdivision, Filing 6; WHEREAS, by Eagle County Consent No. 98 -09, the County . commenced the warranty period for Filing 6, said warranty period to expire March 12, 2000; and WHEREAS, both the Subdivider and the Engineering Department state that the work required under the Agreement is complete and acceptable and the Engineering Department recommends full release of the collateral and the termination of the Subdivision Improvements Agreement, see Exhibit "A ", attached hereto and incorporated herein by this reference. Based upon the oral and written recommendations of the County staff, THE BOARD FINDS that the Subdivider's obligations under the Agreement have been satisfied. WHEREAS, the warranty period required by the Subdivision Improvements Agreement has ended. 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 and the termination of the Subdivision Improvements Agreement for Cordillera Subdivision, Filing 6. THAT, this document shall be recorded in the Records of the Eagle County Clerk and Recorder, which shall be evidence that the II Fisher III CO III III VIIII II 8 98063... 1 r Sara J warranty period for Cordillera Subdivision, Filing 6 has been successfully completed and that the Subdivider's obligations under the Agreement are complete. THAT, the Letter of Credit No. 407285 issued by Norwest Bank be returned. THAT, Eagle maintenance or u: Filing 6. MOVED, READ of the County of held the /O:n County does Dkeep of the AND ADOPTED Eagle, Stat day o not assume responsibility for roads in Cordillera Subdivision by the Board of County Commissioners of Colorado, at its regular meeting , 2000. ATTEST: COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its BOARD OF COUNTY COMMISSIONERS i t, 'A o d ( - 1-. Q By C erk to the oar Tom . Stone County CommissionerChairman - 4 & g Michael C. Gallgher Commissioner qt o L hnnette Phi ips Commissioner Commissioner seconded adoption of the foregoing resolution. ffhe roll having been called, the vote was as follows: Commissioner Tom C. Stone Commissioner Michael C. Gallagher aAP Commissioner Johnnette Phillips ;2,,e This Resolution passed by 3 ,0 vote of the Board of County Commissioners of the County of Eagle, State of Colorado. G: \Jackie\Forms\Final Collateral \Cordillera Filing 6 NIBIII, UINIIII, IIIIIINIIIIIIIIIIII ,I,IIIIIVIIIIIIIII 818 . Sara J t MEMORANDUM EAGLE COUNTY ENGINEERING TO: Nancy Lewis / Attorney's Office FROM: Mike Gruber / Engineering�� V DATE: June 2, 2000 RE: Cordillera Filing 6, Final Collateral Release, Termination of SIA Formal request to close out the SIA for this filing was submitted by the engineer for the developer along with the required utility witness drawings on May 25, 2000. Inspection was performed on May 2, 2000 after the completion date of the warranty period as determined by Consent No. 98 -09. The improvements are complete, having survived the two year warranty and are acceptable per the terms and conditions of the SIA. These improvements entail the construction of utility infrastructure and private roadways. County maintenance is not required for these roadways. Release of collateral and termination of the SIA is recommended. cc: Helen Migchelbrink, County Engineer Chrono /File III VIII Page: 3 of 3 E ag l e, tlI C O IIII III VIII II 818163. P Sara J Fisher p E E _s =EAGLE COUNTYATTORNEY EXHIBIT