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HomeMy WebLinkAboutR96-091 draw on Eagle Vail NV.. ~ Commissioner l moved adoption of the following Reso ution: BOARD OF COUNTY CO1~iISSIONERS 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. 9392920 IN THE AMOUNT OF $56,055.00 FOR THE ACCOUNT OF EAGLE-NAIL N.V. DRAWN ON FIRST BANK OF NAIL WHEREAS, on or about July 18, 1995, pursuant to C.R.S. 30-28- 137, the County entered into a Subdivision Improvements Agreement (hereinafter "SIA") with Eagle-Vail, NV as a condition of the County's final plat approval of Eagle-Vail Commercial Service Center; and WHEREAS, Eagle-Vail NV provided collateral in the form of an Irrevocable Letter of Credit No. 9392920 in the amount of $56,055.00 to guarantee the faithful completion of the public improvements; and WHEREAS, said Letter of Credit will expire on July 11, 1996; and WHEREAS, the Board finds, determines and declares that there has been a default under the SIA and that a sum certain of $56,055.00 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 No. 9392920, in the amount of $56,055.00 issued by First 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. 9392920 in the amount of $56,055.00 issued by First 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 Count of Eagle, State f Colorado, at its regular meeting held the ~ day of 1996. ~?-~~_~'~. ''°~., COUNTY OF EAGLE, STATE OF ~~ ~~°';~' ~ COLORADO , By and Through I t s ATTEST: ,, s~.' BOARD OF COUNTY COMMISSIONERS ~~~.~ J ~~.~~ ~~ Clerk to the Board o County Commissioners By: Georg A. Gates Chairman v v Johnnette Phillips Commissioner . ~ ~~ Commissioner ~~fZQC~`C seconded adoption of the foregoing resolution. The roll having been called, the vote was as follows: Commissioner George A. Gates Commissioner Johnnette Phillips Commissioner James E. Johnson, Jr. This Resolution passed by ~j~~~G~-y~pt-~--- vote of the Board of County Commissioners of the County of Eagle, State of Colorado.