HomeMy WebLinkAboutR96-052 release of collateral Dry Lake DirtCommissioner C moved adoption
of the followi g Resolution:
BOARD OF COUNTY CO1~Il~iISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO . 9 6 - -~~-
RELEASE OF COLLATERAL
DRY LAKE DIRT, INC.
WHEREAS, on August 23, 1993 the Eagle County Board of County
Commissioners (hereinafter "Board") entered into a Reclamation
Agreement (hereinafter "Agreement") with Dry Lake Dirt, Inc.
(hereinafter "Permittee") to guarantee reclamation of certain
property, as set forth on Exhibit "A" of the Agreement (hereinafter
"Property") and to permit the issuance of a special use permit; and
WHEREAS, as security for the Agreement the Permittee provided
the Board with collateral in the amount of $4,410.37, in the form
of a Certificate of Deposit No. 15933 issued by the First Bank of
Eagle County (hereinafter "Collateral"); and
WHEREAS, Permittee has requested a return of its Collateral as
the special use permit has expired and the Collateral is no longer
required; and
WHEREAS, the Permittee is in the process of securing a Grading
Permit from Eagle County which would guarantee the reclamation of
that Property that was the subject of the Agreement; and
WHEREAS, based upon the recommendation of the Eagle County
Department of Engineering, see Exhibit "A", attached hereto and
incorporated herein by this reference, the Board authorizes the
releases of the Permittee's Collateral.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
CONIl~IISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, as the Collateral is no longer required, and the
Permittee will guarantee the reclamation of the Property through
its Grading Permit, the Board hereby authorizes the release of the
Permittee's Collateral.
THAT, the Eagle County Attorney's Office is hereby directed to
deliver to the First Bank of Eagle County a copy of this
Resolution.
THAT, the Board hereby finds, determines and declares that
this Resolution is necessary for the public health, safety and
welfare of the residents of the County of Eagle, State of Colorado.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, Sta e of Colorado, at its regular meeting
held the /a~ day of 1996.
~'~ "~~ COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: ~ da BOARD OF COUNTY COMMISSIONERS
~ Cq{.~°
~~
Clerk to the Board of
County Commissioners
By:
George Gates, Chairman
Johnnette Phillips, Com ssioner
C___-
es E. John n,
ommissioner
w
Commissioner seconded adoption of the
foregoing resolution. Th roll having been called, the vote was as
follows:
Commissioner Gates
Commissioner Phillips
Commissioner Johnson
This Resolution passed by ~--{, vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
mta\r\drylake.rel
92-51
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Maureen Amundson, Attorney's Office
FROM: John Althoff, Engineering 1~,~
DATE : May 1, 19 9 6 ~" '~'~
RE: Security Agreement & Reclamation Agreement between Dry
Lake Dirt, Inc. and Eagle County
The Special Use Permit for Dry Lake Dirt, Inc. expired on December
11, 1995 (Condition 11, Resolution No. 93-20).
Condition #10 calls for a reclamation plan to be collateralized in
the amount of $4,410.37. Dry Lake Dirt, Inc. is working with the
Community Development Department and will submit a grading permit
to excavate and stockpile dirt in the same location as the
Reclamation Agreement. The agreement collateral of $4,410.37
should be released as the grading permit should be submitted soon
and we are trying to work with the Pirnie's and Dry Lake Dirt, Inc.
xc: George Roussos
Chrono/file
EXHIBIT