HomeMy WebLinkAboutR06-092 - release of assignment of CD for Lake Creek Metro Road Cut #3390
Commissioner moved adoption
of the following Resolution:
BOARD OF COUNTY C01VIMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2006- v
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 3390
LAKE CREEK METROPOLITAN DISTRICT
WHEREAS, on or about August 31, 2004 the Board of County Commissioners of the
County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3390 to Lake Creek
Metropolitan District (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate
of Deposit No. 19669 issued by Alpine Bank in the amount of $2,000.00 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.
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 of the collateral and the
Assignment of Certificate of Deposit No. 19669 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 29th day of August, 2006.
ATTEST:
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY
By:
By:
Commissioner seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
This Resolution passed by
sioners of the County of Eagle, State of Colorado.
"
Commissioner Runyon
Commissioner Stone
Commissioner Menconi
vote of the Board of County Commis-
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Janice Scofield, Attorney's office
f
FROM: Mike Gruber, Engineering Mt k r;;;
DATE: August 18,2006
RE: Collateral Release, Certificate of Deposit No. 19669
In the amount of $2,000.00
Construction in the Public Way Permit No. 3390
Lake Creek Metropolitan District
Inspection was made of the work performed under Construction in the Public Way Permit #3390,
1952 Lake Creek Road, Edwards, CO.
The work is satisfactory under the requirements of the permit. Release of the Certificate of
Deposit as collateral is recommended.
# # #
xc: Helen Migchelbrink, County Engineer
file #3390