HomeMy WebLinkAboutR05-142 final release of collateral for Edwards Corner Remonov Center
Commissioner I~ moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2005- /~
FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE WARRANTY PERIOD
FOR
EDWARDS CORNER SPECIAL USE PERMIT,
AMENDED FINAL PLAT, PARCEL 15, REMONOV CENTER
File No. ZS-00088
WHEREAS, on December 20, 2002, Remonov & Company, Inc. (hereinafter
"Developer") and the Board of County Commissioners of Eagle County, Colorado (hereinafter
"Board") entered into a Public Improvements Agreement (hereinafter "Agreement") concerning
Edwards Comer Special Use Permit, Amended Final Plat, ParcellS, Remonov Center
(hereinafter "Edwards Comer"); and
WHEREAS, both the Developer and the Engineering Department state that the work
required under the Agreement is complete and acceptable and the Engineering Department
recommends full release of the collateral and the termination of the Public Improvements
Agreement, see Exhibit "A," attached hereto and incorporated herein by this reference. Based
upon the written recommendations of the County staff, THE BOARD FINDS that the
Subdivider's obligations under the Agreement have been satisfied; and
WHEREAS, the warranty period required by the Public Improvements Agreement
expires on January 12,2006; and
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 collateral and
termination ofthe Public Improvements Agreement for Edwards Comer.
THAT, this document shall be recorded in the records ofthe Eagle County Clerk and
Recorder, which shall be evidence that the warranty period for Edwards Comer has been
successfully completed and that the Subdivider's obligations under the Agreement are complete.
THAT, Eagle County does not assume responsibility for maintenance or upkeep ofthe
roads for Edwards Comer.
THAT, the Letter of Credit No. 101102.1.101103 issued by Colorado Business Bank be
returned.
MOVED, READ AND ADOPTED by the Board of County Commissioners ofthe
County of Eagle, State of Colorado, at its regular meeting held the~ day of December,
200S.
COUNT~' OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: BOARD
By:
By:
Commissioner
Commissioner .~ seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Am M. Menconi
Commissioner Peter F. Runyon
Commissioner Tom C. Stone
This Resolution passed by ~/O vote of the Board of County Commissioners of
the County of Eagle, State of Colorado.
G:VKS\resolutions\edwards comerlDOC
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Janice Scofield, Eagle County Attorney's Office
FROM: Greg Schroeder, Engineering Department
DATE: Wednesday, November 30, 200S
RE: ZS-00088, Edwards Corner
Authorization for final release of Collateral and Termination of Warranty
Period for the Public Improvements Agreement for ZX-00088, Edwards
Comer, Reception Number 819827, Dated December 20,2002.
Per the PIA, Section 2.8.2, 2S% landscaping collateral and the 10% public improvements
retainage are currently held until the completion of the warranty period; an amount of
$4S,07S.18. The warranty period commenced on January 12,2004, and shall expire on
January 12, 2006, by way of Consent Resolution 2004-07.
I have inspected the landscaping and the public improvements, and it is my opinion that
they have been maintained in a satisfactory condition during the two year warranty
period. I recommend that the remaining collateral be released.
# # #
xc: Helen Migchelbrink, County Engineer
Chrono/File
EXHIBIT
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