HomeMy WebLinkAboutR06-117 - release of CD assignment for Contractone for road cut permit 3417
Commissioner ~~ moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 20061J:i!-
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 3417
CONTRACTONE, INC.
WHEREAS, on or about October 21, 2004 the Board of County Commissioners of the
County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3417 to
ContractOne, Inc.(Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate
of Deposit No. 353-680-6287 issued by First Bank of Avon 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. 353-680-6287 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 J!L day of December, 2006.
ATTEST:
By:
By:
Commissioner ~/J/l..Y~" seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Runyon
Commissioner Stone
Commissioner Menconi
~1;::?
~t
?/()
vote of the Board of County Commis-
This Resolution passed by
sioners of the County of Eagle, State of Colorado.
G:IJKS\resolutions\ASSIGNMENT RELEASE road cut.DOC