HomeMy WebLinkAboutR93-021 releasing performence bond for The Divide Corporation3
Commissioner moved adoption
of the followin# Resolu ion:
BOARD OF COUNTY
COUNTY OF EAGLEt STATE OF COLORADO
RESOLUTION NO. 93 -_=tl__
RELEASING THE PERFORMANCE BOND
REQUIRED UNDER THE AGREEMENT
WITH THE DIVIDE CORPORATION
WHEREAS, the County of Eagle, State of Colorado, by and
through its Board of County Commissioners (hereinafter "the
Board ") , entered into a Grading Permit Collateralization Agreement
in August of 1991 with The Divide Corporation (hereinafter
"Grader ") for the grading of Ruedi Creek Road; and
WHEREAS, in order to guarantee the faithful performance of the
obligations required under said Agreement, Grader provided the
Board with a Performance Bond in the amount of $4,500.00; and
WHEREAS, Grader has represented to the Board and members of
the County staff have corroborated Grader's representations that
the obligations set forth in the Agreement have been satisfactorily
fulfilled and Grader requests that the Performance Bond be
released.
BASED UPON the oral and written recommendations of the
Engineering Department, the Board finds that the obligations set
forth in the Agreement have been satisfactorily fulfilled, and the
release of Performance Bond No. NB90419 in the amount of $4,500 is
appropriate.
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT Performance Bond No. NB -90419 issued by Midwest Indemnity
Corporation in favor of The Divide Corporation is hereby released.
MOVED, READ AND ADOPTED by the Board of County Commissioners
of the County of Eagle, State of Colorado, this 1( y%_ day of
February, 1993.
Johnnette Phillips, Commissioner
Commissioner Q11gp:24p_4, rrtA0 seconded adoption of the
foregoing resolutio The roll having been called, the vote was as
follows:
Commissioner George A. Gates AaJL
Commissioner Johnnette Phillips
Commissioner James E. Johnson, Jr.
This Resolution passed by CZ)--0 vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
ruedi.rel #92 -88 nl