HomeMy WebLinkAboutR95-099 draw on Wolcott Golf Club Limited Liability Co.
Commissioner moved adoption
of the following Resolut on:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 95-~
RESOLUTION CONFERRING POWER OF ATTORNEY UPON
JAMES R. FRITZE, COUNTY ATTORNEY, MARY JOAN
BERENATO, DEPUTY COUNTY ATTORNEY, ROBERT W.
LOEFFLER, ASSISTANT COUNTY ATTORNEY AND
MAUREEN AMUNDSON, PARALEGAL TO ACT AS ATTORNEY
IN FACT FOR THE COUNTY OF EAGLE, STATE OF
COLORADO, WITH RESPECT TO LETTER OF CREDIT NO.
809-9227 IN THE AMOUNT OF $298,506.00 FOR THE
ACCOUNT OF WOLCOTT GOLF CLUB LIMITED LIABILITY
CO. DRAWN ON 1ST BANK OF VAIL
WHEREAS, on or about August 24,
Commissioners of the County of Eagle,
after "the Board"), entered into
("Agreement") with Wolcott Golf Club
("Subdivider") relative to Special Us
Golf Club; and
1993, the Board of County
State of Colorado (herein-
a Reclamation Agreement
Limited Liability Company
e Permit for Eagle Springs
WHEREAS, Subdivider provided collateral in the form of a
Letter of Credit to guarantee the faithful completion of the
reclamation; and
WHEREAS, said Letter of Credit in the amount of $298,506.00
will expire on August 20, 1995.
WHEREAS, the Board finds, determines and declares that it is
in the best interest of the County that it draw upon the
collateral in the amount of $298,506.
WHEREAS, no extension to Letter of Credit No. 809-9227 has
been received by the Board as yet, and the Board deems it to be in
the best interests of the County of Eagle that the subject Letter
of Credit be drawn upon prior to its expiration.
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, Mary Joan Berenato,
Deputy County Attorney, Robert W. Loeffler, Assistant County
Attorney, and Maureen Amundson, Paralegal, are authorized to
execute any and all documents necessary to draw upon irrevocable
Letter of Credit No. 809-9227, in the amount of $298,506.00 issued
by lst Bank of Vail.
THAT, James R. Fritze, County Attorney, Mary Joan Berenato,
Deputy County Attorney, Robert W. Loeffler, Assistant County
Attorney and Maureen Amundson, Paralegal, 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
Letter of Credit No. 809-9227 in the amount of $298,506 issued by
1st Bank of Vail.
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 Colorado, at its regular meeting
held the /L~~_ day of , 1995.
v~ys `"'ar¢ COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: ~~ BOARD OF COUNTY COMMISSIONERS
~ ~ ~!
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d
/'' tgA/6~Q •
By
Clerk to th Board of es E. s
County Commissioners airman
George Gates, Commissioner
Johnnette Phillips, Commi sinner
Commissioner (1~~~ seconded adoption of the
foregoing resolution. The roll having been called, the vote was as
follows:
Commissioner James E. Johnson, Jr.
Commissioner George A. Gates CY
Commissioner Johnnette Phillips ~,~
This Resolution passed by ~ ~'(~ vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.