HomeMy WebLinkAboutR91-057 release of collateral for D. J. Organ Builders-Old Edwards Estatescommissioner (761 SwF3D4 moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 91- rr%
4,
RELEASING THE COLLATERAL FOR D.J. ORGAN BUILDERS, INC.
FOR THE WATER AND SEWER PROJECT OF THE
OLD EDWARDS ESTATES VIII
WHEREAS, on or about May 9, 1991, The Board of County
Commissioners of the County of Eagle, State of Colorado (herein-
after "the Board "), entered into a Subdivision Improvements
Agreement ( "the Agreement ") with D.J. Organ Builder, Inc.,
D.J.Organ, individually, and Karl Reuther ( "Subdivider ").
WHEREAS, on May 9, 1991, D.J. Organ Builders, Inc., presented
to the Board of County Commissioners of Eagle County, Colorado,
two Time Certificate of Deposit Number 15742 and Number 15741,
issued by The First Bank of Eagle County, in the amount of
$21,000.00 and $13,650.00; and
WHEREAS, said Time Certificate of Deposit Number 15742 was
provided in order to guarantee that D.J. Organ Builders, Inc.,
would faithfully conclude the water and sewer project in accordance
with the Upper Eagle Valley Water and Sanitation Districts
Regulations at the property known as Old Edwards Estates VIII in
Edwards, Colorado; and
WHEREAS, D.J. Organ Builders, Inc., has represented that it
has completed the process of the water and sewer project, and has
requested that the Time Certificate of Deposit Number 15742 be
released; and
WHEREAS, the Department of Community Development concurs that
D.J. Organ Builders, Inc., has complied with its water and sewer
requirements, and recommends that the Time Certificate of Deposit
Number 15742 be released.
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JOHNNETTE PHILLIPS EAGLE COUNTY CLERK, COLORADO
PEC DOC
0.00 0.00
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NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
That The First Bank of Eagle County's Time Certificate of
Deposit Number 15742, in the amount of $21,000.00, be released in
its entirety.
That The First Bank of Eagle County's Time Certificate of
Deposit Number 15741, in the amount of $13,650.00, will continue
to be held by the county until completion of the paving and
landscaping project.
h�
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the 4-�61i day of August, 1991.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: BOARD OF COUNTY COMMISSIONERS
By:
ClOrk to the Board of George Zr. Gates, Chairman
County Commissioners
P514
la
Commissioner /11 Q (,S seconded adoption
foregoing resolution. The roll having been called, the
as follows:
Donald H. H. Welch, Commissioner
Commissioner
Donald H.
Welch
A;YE
Commissioner
George A.
Gates
MSf.nT
Commissioner
Richard L.
Gustafson
A-1/0
of the
vote was
This Resolution passed by vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
82 -256
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