HomeMy WebLinkAboutR05-115 release of assignment of CD for road cut permit 3280 for Town of Eagle
Commissioner moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2005-~
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 3280
FOR TOWN OF EAGLE
WHEREAS, on or about August 28, 2003, the Board of County Commissioners of the
County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3280 to the Town of
Eagle (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate
of Deposit No. 9476022273 issued by Wells Fargo Bank in the amount of$36,954.00 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 satisfactorily passed the two-year warranty period and
the Engineering Department recommends full release of the collateral; and
WHEREAS, the release of the Assignment of Certificate of Deposit requires termination
of the Assignment by written Resolution of the 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 ofthe collateral and the
Assignment of Certificate of Deposit No. 9476022273 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 U day 06rzt~ 2005.
COUNTY OF EAGLE, STATE OF
By and Through Its
ATTEST: OF COUNTY COMMISSIONERS
By:
By:
Commissioner
{7
Commissioner ~~/t1r'vt;l~t)~f seconded adoption of the foregoing resolution. The roll
having been called, the vofu was as follows:
Commissioner Menconi
Commissioner Runyon
Commissioner Stone
This Resolution passed by vote of the Board of County
Commissioners of the County of Eagle, State of Colorado.
G:\JKS\resolutions\ASSIGNMENT RELEASE eagle,DOC