HomeMy WebLinkAboutR00-105 final release of collateral for Homestead Filing No. 2Commissioner moved adoption of the followi g Resolution: BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2 0 0 0 -_� FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR HOMESTEAD FILING NO. 2 WHEREAS, on April, 29, 1996, Warner Developments, Inc. ( "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 Homestead Filing No. 2; WHEREAS, by Eagle County Consent No. 99 -23, the County commenced the warranty period for Homestead Filing No. 2 said warranty period to expire November 3, 2001; and WHEREAS, both the Subdivider and 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 County accepts the roads listed in Exhibit A for maintenance. THAT, the Board hereby authorizes the full and final release of collateral and the termination of the Subdivision Improvements Agreement for Homestead Filing No. 2. 1111111 1111111111111111 III1111111111111111111111111 735766 07/31/2000 04:36P 370 Sara Fisher 1 of 3 R 0.00 D 0.00 N 0.00 Eagle CO 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 Homestead Filing No. 2 has been successfully completed and that the Subdivider's obligations under the Agreement are complete. THAT, the Letter of Credit No. 9561471 issued by First Bank be returned. MOVED, READ AND ADOPTED by the Board of County Commissioners of the County of Eagle, Stat of Colorado, at its regular meeting held the C'Ve day o 2000. T COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its ATTEST: BOARD OF COUNTY COMMISSIONERS y: tJ 4 C Clerk to t Board of Tom C. Stone County Commissioners Chairman n Michael C. G Commissioner r Phil ips qo ommissioner Commissioner _ seconded adoption of the foregoing resolution.��he roll having been called, the vote was as follows: Commissioner Tom C. Stone Commissioner Michael C. Gallagher Commissioner Johnnette Phillips This Resolution passed by ,_; --(j vote of the Board of County Commissioners of the County of Eagle, State of Colorado. G:Vackie\Forms\Final Collateral\Homestead Filing 2.wpd File No. 94 -190 1 735766 07/31/2000 04:36P 370 Sara Fisher 2 of 3 R 0.00 D 0.00 N 0.00 Eagle CO EAGLE COUNTY ENGINEERING TO: Nancy Lewis, Attorney's Office FROM: Helen Migchelbrink, County Engineer �Vll DATE: June 20, 2000 RE: Homestead, Filing 2 Collateral Release I have inspected the public improvements in Homestead, Filing 2 for which we have retained $52,000 collateral. The improvements have successfully completed the warranty period and I recommend that the $52,000 be released and the Subdivision Improvements Agreement be terminated. The following roads will be accepted for maintenance: Lindsay Trail from the intersection of Gold Dust Drive to the cul -de -sac 0.12 miles Remington Trail from the intersection of Gold Dust Drive to the cul -de -sac 0.24 miles Russell Trail from the intersection of Gold Dust Drive to the cul -de -sac 0.21 miles Hummingbird Trail from the intersection of Gold Dust Drive to the cul -de -sac 0.18 miles Andover Trail from the intersection of Gold Dust Drive to the cul -de -sac 0.05 miles Gold Dust Drive from South Forty Subdivision to the cul -de -sac 0.84 miles xc: Brad Higgins, Road & Bridge Director Chrono /file 11111111111111111111111111111111111111 III 111111111 735766 07/31/2000 04:36P 370 Sara Fisher 3 of 3 R 0.00 D 0.00 N 0.00 Eagle CO L lid-