HomeMy WebLinkAboutR02-152 Continental West Constructors Release of Assignment ,
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Commissioner ( moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2002-
/
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 2798
FOR NEW PIPELINE INSTALLATIONS, INC./
CONTINENTAL WEST CONSTRUCTORS
WHEREAS, on or about November 10, 2000, the Board of County Commissioners of
the County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 2798 to New
Pipeline Installations, Inc./ Continental West Constructors (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of an Assignment of
Certificate of Deposit No.0263283343 issued by Wells Fargo Bank in the amount of $1,900.00 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 been successfully completed and the Engineering
Department recommends full release of the collateral, see Exhibit "A" attached hereto and
incorporated herein by reference.
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. 0263283343 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 Rq day of October,
2002.
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COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: BOARD OF COUNTY COMMISSIONERS
J II B �O BY: A do 1 0 • — _
Clerk to the Boa d of ich. - L. Gallagher
County Commissioners i
Y Imh,
BY.tlg
oni
Commissioner
By: 6‘75k12
Tom C. tone
Commissioner
Commissioner seconded adoption of the foregoing resolution. The roll
having been called, e vote was as follows:
Commissioner Michael C. Gallagher i
Commissioner Arn M. Menconi
Commissioner Tom C. Stone
This Resolution passed by 3 `0 vote of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
G: \jks\ resolutions \Continentalrelease.wpd
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MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Janice Scofield, Attorney's Office
FROM: Jan Platt, Engineering
DATE: October 4, 2002
RE: Assignment of Certificate of Deposit #0263283343 in the amount of $1,900.00 for
Continental West Constructors, Permit to Construct Within the Public Way #2798
The work performed under Permit to Construct Within the Public Way #2798 has been inspected
and has successfully completed the two year warranty period. Please prepare the required
Resolution for the Board of County Commissioners to authorize release of the referenced
Assignment of Certificate of Deposit.
xc: Chrono /file
EXHIBIT