HomeMy WebLinkAboutR05-063 Release of Assignment of Certificat of Deposit - Road Cut Permit No. 3243
Commissioner ~ moved adoption
of the followi g Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2005-D6o ~
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 3243
FOR
TOWN OF EAGLE
WHEREAS, on or about May 29,2003, the Board of County Commissioners ofthe
County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3243 to the Town of
Eagle (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of an Assignment of
Certificate of Deposit No.9476022265 issued by Wells Fargo Bank in the amount of$12,321.00
to guarantee the faithful completion of the construction project; and
WHEREAS, both the Subdivider and the Engineering Department state that the work
required under the Road Cut Permit has been successfully completed and the Engineering
Department recommends full release of the collateral, see Exhibit "A" attached hereto and
incorporated herein by reference.
WHEREAS, the release of the Assignment of Certificate of Deposit requires termination
ofthe Assignment by written Resolution ofthe Board of County Commissioners;
NOW, THEREFORE, BE IT RESOLVED BY THE BOARD OF COUNTY
COMMISSIONERS OF THE COUNTY OF EAGLE, STATE OF COLORADO:
THAT, the Board hereby authorizes the full and final release of the collateral and the
Assignment of Certificate of Deposit No. 9476022265 be terminated and that the same be
returned to the Subdivider;
MOVED, READ AND ADOPTED by the Board of County Commissioners of the
County of Eagle, State of Colorado, at its regular meeting held the 31 day of Jtifre';
2005. /11~
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: OUNTY COMMISSIONERS
By:
of
County Commissioners
Commissioner
By: ~~ ~
Tom C. Stone
Commissioner
Commissioner ~7) J-( seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Menconi
Commissioner Runyon
Commissioner Stone
This Resolution passed by /13 vote of the Board of County
Commissioners ofthe County of Eagle, State of Colorado.
G:\JKS\resolutions\CD release - Eagle.DOC
ENGINEERING DEPARTMENT HELEN MIGCHELBRlNK. PE
(970) 328-3560 County Engineer
FAX: (970) 328-8789
TDD (970) 328.8797
www.eaglecounty.us
EAGLE COUNTY
May 10, 2005
Mr. William Powell
Town Manager
Town of Eagle
P.O. Box 609
Eagle, CO 81631
Re: Permit to Construct Within the Public Way #3243
Certificate of Deposit #9476022265
Dear Me. Powell:
In May of2003, you obtained a Permit to Construct Within the Public Way for the realignment
of Brush Creek Road. You furnished collateral of $12,312. 00 in the form of a Certificate of
Deposit.
Our Public Works Inspector has inspected the work, and has determined that the work has
satisfactorily passed the two year correction period. In accordance with Section 5.24.02 of the
Regulations for Construction Within the Public Way your collateral may be released. Our
County Attorney's office will prepare the necessary resolution for the Board of County
Commissioners to authorize release of your Certificate of Deposit.
If you have any questions, please call me at (970) 328-3560.
Sincerely,
EAGLE COUNTY ENGINEERING DEPARTMENT
t
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Administrative Technician
xc: Helen MigchelbIink, County Engineer
Janice Scofield, County Attorney's Office
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EXHIBIT t
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Eagle County Building, 500 Broadway. . r.
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