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HomeMy WebLinkAboutR00-148 final release of collateral for St. Clare of Assisi4 ; 1P � � - C 011 - 5 t"- Commissioner moved adoption of the following BOARD OF COUNTY COMMISSIONERS COUNTY OF EAGLE, STATE OF COLORADO RESOLUTION NO. 2000- FINAL RELEASE OF COLLATERAL AND TERMINATION OF THE WARRANTY PERIOD FOR ST. CLARE OF ASSISI LEARNING CENTER, PHASE B WHEREAS, on October 29, 1996, Archdiocese of Denver ( "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 St. Clare of Assisi Learning Center, Phase B; and WHEREAS, by Eagle County Consent No. 98 -26, the County commenced the warranty period for St. Clare of Assisi Learning. Center, Phase B, said warranty period to expire October 15, 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 St. Clare of Assisi Learning Center, Phase B. 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 St. Clare of Assisi Learning Center, Phase B has been successfully completed and that the Subdivider's obligations under the Agreement are complete. 11111111111 1 1 1 1 1 1 1 11111 11111111 1 111111 I I 1 11111 1111 1111 743169 11/02/2000 04:23P 370 Sara Fisher 1 of 3 R 0.00 D 0.00 N 0.00 Eagle CO U 0 C/ THAT, the Letter of Credit No. 6068 issued by US Bank be returned. MOVED, READ AND ADOPTED by the Board of County Co . ssioners of the Cpty of Eagle, State of Colorado, at its regular meeting held the ay of 2 ' 2000. COUNTY OF EAGLE, STATE OF COLORADO, By and Through Its ATTEST: BOARD OF COUNTY COMMISSIONERS ,. lerk 0 the Board of Tom C. Stone County • • Chairman IM Michael C. Ga Commissioner 1 mm Johnnette Phillips Commissioner Commissioner seconded adoption of the foregoing resolution. The roll having been called, the vo as as follows: Commissioner Tom C. Stone Commissioner Michael C. Gallagher Commissioner Johnnette Phillips This Resolution passed by v ote of the Board of County Commis- sioners of the County of Eagle, State of Colorado. GAJackie \Consent\Final Collateral \St. Clare of Assisimpd 743169 11/02/2000 04:23P 370 Sara Fisher 2 of 3 R 0.00 D 0.00 N 0.00 Eagle CO MEMORANDUM EAGLE COUNTY ENGINEERING TO: Jacqueline Crawford Attorney's Office FROM: Adam Sommers 0 Engineering Department DATE: October 10, 2000 RE: PDF -0002: St. Claire of Assisi Learning Center, Phase B I have determined that this phase of the St. Claire P.U.D. has successfully completed the warrantee period required by Resolution #98 -26. The final release of collateral for $34,714.14 should be made at this time. cc: Helen Migchelbrink, County Engineer Chrono \File F: \DOCS \PDF- 00002.wpd 1111111111111111111111111111111111111111111111111111111 743169 11/02/2000 04:23P 370 Sara Fisher 3 of 3 R 0.00 D 0.00 N 0.00 Eagle CO