HomeMy WebLinkAboutR89-116 River Oaks two year warranty period begins(-
Commissioner t1 T S moved adoption
of the following Resolution:
F? BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 89 - _ 11 (,0
ACCEPTING THE PUBLIC IMPROVEMENTS OF THE RIVER OAKS ON THE
ROARING FORK SUBDIVISION, AND COLLATERALIZING THE WORK FOR
THE TWO -YEAR WARRANTY PERIOD.
U 0 , WHEREAS, on or about July 28, 1987, the Board of County
Q 'S' Commissioners of Eagle County, Colorado ( "the Board ") did enter
into a Subdivision Improvements Agreement with Paul Adams and Clay
Crossland, partners of Basalt Trade Associates, ( "the Subdivider ")'
for the River Oaks on the Roaring Fork Subdivision; and
L) G1 WHEREAS, the Subdivider has represented to the Board, and
members of the County Department of Engineering have corroborated
Subdivider's representations, that the improvements required under
the Agreement have been satisfactorily completed; and
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Q WHEREAS, pursuant to Section 3.4 of said Agreement, there a
U_ two -year correction period shall follow completion of the
.-.0 improvements, during which time the Subdivider shall correct any
U p defective work or replace any defective materials relative to said
C L U improvements; said work shall be collateralized during the
r correction period in an amount and type of collateral as shall be
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reasonably determined by the County; and
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U WHEREAS, the County Department of Engineering has recommended
LO F that the work during the correction period be collateralized in the
m = a mount of $2,800.00, and the Board has determined that said
03 o collateral be in the form of a Letter of Credit issued by a
r W Colorado Bank;
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�¢ NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
r
�Ja 1. That based upon the oral and written recommendations of
CL i the County Department of Engineering, the Board determine that the
r Subdivider's obligations to provide certain improvements have been
DEL satisfied, subject to paragraph 3 below.
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F 2. That pursuant to Section 3.4 of the Subdivision
m w Improvements Agreement, the work be collateralized for the required
It z two -year correction period in the amount of $2,800.00, in the form
O of a letter of credit issued by a Colorado Bank.
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3. That upon the Board':; receipt of said letter of credit,
the subdivision improvements shall be deemed to be accepted by the
Board, and the two -year correction period shall begin.
4. That the Board finds, determines and declares that this
Resolution is necessary for the public health, safety and welfare
of the citizens of the County of Eagle, State of Colorado.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the 6 day of November, 1989.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
By: /tl T
Richard L. Gustafson, Chairman
George Gates, Commissioner
� \ ` ,%A
Do a d . Welch, Commissioner
Commissioner Cj"- / /�k seconded adoption of the
foregoing resolution. The roll having been called, the vote was
as follows:
Commissioner
Donald H.
Welch
Ao"e
Commissioner
George A.
Gates
4- .j'e --
Commissioner
Richard L.
Gustafson
k6 5.eI -d r
This Resolution passed by vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
87 -139
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County Commissioners