HomeMy WebLinkAboutR96-151 Draw on Remonov & Co.Commissioner ~~~in,p moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION N0.96-~
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 A,MUNDSON, PARALEGAL TO ACT AS
ATTORNEY IN FACT FOR THE COUNTY OF EAGLE, STATE
OF COLORADO, WITH RESPECT TO LETTER OF CREDIT
N0.9264035 IN THE AMOUNT OF $83,340.00 FOR THE
ACCOUNT OF REMONOV & COMPANY, INC. DRAWN ON
1ST BANK OF VAIL
WHEREAS, on or about December 5, 1994, pursuant to C.R.S. 30-28-137, the County
entered into a Subdivision Improvements Agreement (hereinafter "SIA") with Remonov &
Company, Inc. as a condition of the County's final plat approval of The Homestead, Filing No. 3;
and
WHEREAS, Remonov & Company, Inc. provided collateral in the form of an Irrevocable
Letter of Credit No.9264035 in the amount of $83,340.00 to guarantee the faithful completion of
the public improvements; and
WHEREAS, said Letter of Credit will expire on November 30, 1996; and
WHEREAS, the Board finds, determines and declares that there has been a default under
the SIA and that a sum certain of $83,340.00 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, Pazalegal, aze
authorized to execute any and all documents necessary to draw upon irrevocable Letter of Credit
No. 9264035, in the amount of $83,340.00 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, Pazalegal, aze
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. 9264035 in the amount of $83,340.00 issued by
Lst Bank Of Vail.
THAT, the Chairman of the Boazd 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
November, 1996. ,~„.~,.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
leek to the Bodrd of
County Commissioners
By:
George A. tes
Chairman
~ Johnnette Phillips
Commissioner
~~Y~~,
James E. Johnson, Jr.
Commissioner
CommissionerL~; seconded adoption of the foregoing resolution. The roll having been
called, the vote was as follows:
Commissioner George A. Gates~p_
Commissioner Johnnette Phillips `"~`L~=~~-
Commissioner James E. Johnson, Jr.
This Resolution passed bye-O vote of the Boazd of County Commissioners of the County of
Eagle, State of Colorado.
File No. 84185