HomeMy WebLinkAboutR93-125 Draw on Summit ViewCommissio er -yam,__ moved adoption
of the fol o ng Resol ion:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 93 - /,, = ?, 5
RESOLUTION CONFERRING POWER OF ATTORNEY UPON
JAMES R. FRITZE, COUNTY ATTORNEY, MARY JOAN
BERENATO, DEPUTY COUNTY ATTORNEY, AND MAUREEN
AMUNDSON, PARALEGAL, TO ACT AS ATTORNEY IN
FACT FOR THE COUNTY OF EAGLE, STATE OF
COLORADO, WITH RESPECT TO SUMMIT VIEW, INC.
WHEREAS, on or about October 1, 1992, Summit View, Inc. a
Colorado corporation (hereinafter referred to as the "Subdivider "),
entered into a Subdivision Improvements Agreement with the Board of
County Commissioners of the County of Eagle, State of Colorado
(hereinafter referred to as the "Board "), and, for the purpose of
guaranteeing the faithful completion of the public improvements
contemplated therein, collateral was provided by the Subdivider to
the Board in the form of irrevocable Letter of Credit No. 1176,
issued by Pitkin County Bank & Trust Co., Aspen, Colorado; and
WHEREAS, it is presently contemplated'an agreement shall be
entered into between the Subdivider and the Board whereby the
aforementioned Subdivision Improvements Agreement shall be
terminated; and
WHEREAS, Letter of Credit No. 1176 is due to expire on October
31, 1993; and
WHEREAS, until such time as said Subdivision Improvements
Agreement is formally terminated, the Subdivider has agreed to
provide an extension of at least thirty (30) days to the subject
Letter of Credit; and
WHEREAS, no such extension to Letter of Credit No. 1176 has
been received by the Board as yet, and the Board deems it to be in
the best interests of the County of Eagle that the subject Letter
of Credit be drawn upon prior to its expiration.
( l
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; and Maureen Amundson, Paralegal, are
authorized to execute any and all documents necessary to draw upon
irrevocable Letter of Credit 1176, issued by Pitkin County Bank &
Trust Co., Aspen, Colorado.
THAT, James R. Fritze, County Attorney; Mary Joan Berenato,
Deputy County Attorney; and Maureen Amundson, Paralegal, are 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. 1176 issued by Pitkin County Bank & Trust
Co., Aspen, Colorado.
THAT, the Chairman of the Board 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 -2 � -- day of � , 1993.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
Clerk to the Board of
County Commissioners
By:
George : Gates, Chairman
p hnnette Philli Commi6sioner
.1 . " C,
Commissione ., seconded adoption of the
foregoing res ution. The roll h ving been called, the vote was as
follows:
Commissioner George A. Gates
Commissioner Johnnette Phillips
Commissioner James E. Johnson, Jr.
This Resolution passed by (3 - 0 vote of the Board of
County Commissioners of the County of Eagle, State of Colorado.
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