HomeMy WebLinkAboutR96-050 draw on Krueger DevelopmentCommissioner ~~~~ moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 96-~_
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.
9360468 IN THE AMOUNT OF $500.00 FOR THE
ACCOUNT OF KRUEGER DEVELOPMENT COMPANY DRAWN
ON 1ST BANK OF VAIL
WHEREAS, on May 4, 1995, the County granted a Road Cut Permit
to Krueger Development Company ("Krueger"); and
WHEREAS, Krueger provided collateral in the form of a Letter
of Credit to guarantee the faithful completion of the public
improvements; and
WHEREAS, said Letter of Credit #9360468 in the amount of
$500.00 will expire on May 12, 1996; and
WHEREAS, the Board finds, determines and declares that there
has been a default under the Road Cut Permit and that a sum certain
of $500 is required to remedy the default.
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 #9360468, in the amount of $500.00 issued by 1st
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, a:re 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 #9360468 in the amount of $500.00 issued by lst
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 of Colorado, at its regular meeting
held the _ day of ]_996.
ATTEST:
~ ~
~~
~'~: ~,~
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Clerk to the Board of
County Commissioners
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
BY ~ ~~~~~~•~ ~~G~~
George~~. Gates
Chairman
Johnnette Phillips
Commissioner
James E. Johnson, Jr.
Commissioner
Commissioner ~,13'~pQ seconded adoption of the
foregoing resolution. The roll having been called, the vote was as
follows:
Commissioner George A. Gates ~~
Commissioner Johnnette Phillips C~~-
Commissioner James E . Johnson, Jr . ---~G ~Y' !-
This Resolution passed by ~ --~ _ vote of the Board of
County Commissioners of the County of Eagle:, State of Colorado.