HomeMy WebLinkAboutR02-059 final release of collateral for Dotsero Ranch PUDC) G
Commissioner moved adoption
of the ollowing Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2002 -�
FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE WARRANTY PERIOD
FOR
DOTSERO RANCH PUD
PDF -00040
WHEREAS, on January 3, 2000, Dotsero Ranch LLC ( "Subdivider ") and the Board of
County Commissioners of Eagle County, Colorado (hereinafter `Board ") entered into a .
Subdivision Improvements Agreement (hereinafter "Agreement ") concerning the development of
Dotsero Ranch PUD; and
WHEREAS, both the Subdivider 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 remaining collateral and the termination of the Subdivision
Improvements Agreement, see Exhibit "A" attached hereto and incorporated herein by this
reference. Based upon the oral and written recommendations of the County staff, THE BOARD
FINDS that the Subdivider's obligations under the Agreement have been satisfied.
WHEREAS, the warranty period established in Consent No. 2001 -30 has ended.
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 remaining collateral
and the termination of the Subdivision Improvements Agreement for Dotsero Ranch PUD;
THAT, this document shall be recorded in the Records of the Eagle County Clerk and
Recorder, which shall be evidence that the warranty period for Dotsero Ranch PUD has been
successfully completed and that the Subdivider's obligations under the Agreement are complete.
THAT, the Letter of Credit No. 8178801 issued by 1 stBank of Avon be returned.
MOVED, READ AND ADOPTED by the Board of County Commissioners of the
County of Eagle, State of Colorado, at its regular meeting held the ay of April, 2002.
793823
04/26/2002 03:21P
Sara J Fisher Eagle; CO 3'C R 0.00 D 0.00
C
County Commissioners
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
By: ff
Michael L. Gallagher
By:
Am M. oni
Comm ,
oner
By:
Tom Stone
Commissioner
Commissioner A 5w�; seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Michael C. Gallagher
Commissioner Arn M. Menconi
Commissioner Tom C. Stone
This Resolution passed by, /A/ C,iy?�CLv of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
G: \jks\resolutions \final release Dotsero
File No. G- 2000 -026
i page: 2 of 3
04/26/2002 03:21P
Sara J Fisher Eagle; CC 3'_C R 0.00 D 0.00
r
C11
EAGLE COUNTY ENGINEERING
TO: Janice Scofield, Legal Secretary
Eagle County Attorney's Office
FROM: John M. Vengrin :A Y
Engineering Department
DATE: April 2, 2002
RE: "Subdivision and Off -Site Improvements Agreement ", Dotsero Ranch PUD Final Plat,
PDF- 00040, Dated January 3, 2000, Reception No. 722260,1 Bank Letter of Credit No.
8178801
Today I conducted an inspection of the public improvements for the above referenced subdivision.
I found everything has successfully survived the warranty period that was established in Consent No.
2001 -30. The warranty period is to expire on April 3, 2002. It is my recommendation that the
Subdivision and Offsite Improvements Agreement (SIA) referenced above be terminated, and that
the remaining collateral in the amount of $35,444.70 be returned to the Subdivider.
None of the public improvements in the SIA are intended for ownership or maintenance by Eagle
County.
Please call me if you have any questions.
f:3'�:
Pc: Helen Migchelbrink, County Engineer
Kurt Vogelman, Subdivider, by facsimile only (808 -579 -9663)
Eric Tuin, High Country Engineering
Chrono
File PDF -00040
I Jill 111111 1 ` I J i l l 1 11 � 1 1 793823
! ! i! c j J 1I ! itl1 ! m4 '*26/2092 0
l 3:21P
Sara J Fis Eagle: CO 3 -0 R 0.00 D 0.00
EXHIBIT