HomeMy WebLinkAboutR88-130 Releasing Collateral Holy Cross Electric Substation0 0
Commissioner QA ,4rso Ay moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 88 -_/a6
RELEASING COLLATERAL FOR HOLY CROSS ELECTRIC
ASSOCIATION SUBSTATION SPECIAL USE PERMIT -
FILE NO. ZS- 248 -86
WHEREAS, the Board of County Commissioners of the County of
Eagle, State of Colorado (hereinafter the "Board ") did on April
28, 1987, by Resolution No. 87 -30, approve an application by Holy
Cross Electric Association ( "the Association ") for a Special Use
Permit for a 115KV substation; and
WHEREAS, in order to guarantee the faithful completion of
certain landscaping and fencing required by the Special Use Permit,
the Board took as collateral Letter of Credit No. 12926 issued by
the Central Bank of Glenwood Springs in the amount of $45,000.00;
and
WHEREAS, the Association has represented to the Board, and
members of the County staff have corroborated the Association's
representations, that the improvements required by the Special Use
Permit have been satisfactorily completed;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, based upon the written recommendations of the Department
of Community Development, the Board finds that the Association's
obligations under the Special Use Permit have been satisfied, and
a release of the collateral held by the Board is warranted.
THAT, the Board hereby authorizes the full release of said
collateral, and the return of the subject Letter of Credit to the
Association for its disposition.
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MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, at its regular meeting
held the g V -�,M day of December, 1988.
County commissioners
COUNTY OF EAGLE, STATE OF COLORADO,
By and Through Its BOARD OF COUNTY
COMMISSIONERS
By:
eorge �.�Gates, Chairman
Commissioner j'j..e/ dW seconded adoption of the
foregoing resolution. The roll aving been called, the vote was
as follows:
Commissioner
George A.
Gates
Commissioner
Donald H.
Welch
Commissioner
Richard L.
Gustafson
-—
This Resolution passed by vote of the Board of County
Commissioners of the County of Eagle, State of Colorado.
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