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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