HomeMy WebLinkAboutR02-153 Clarke & Co., Inc. Release of Assignment • •
Commissioner <c,Q_ moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2002-1
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 2904
FOR
CLARKE & CO., INC.
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. 2904 to Clarke
& Co., Inc. (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of an Assignment of
Certificate of Deposit No.10003207 issued by Grand Valley National Bank in the amount of
$11,670.00 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. 10003207 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.
. . .
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: BOARD OF COUNTY COMMISSIONERS
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BY: Wit, • & dIP AAA'. • * y: AA _ -
Clerk to the Boar. of a , i • :c Amami y1 L. Gallagher ,
County Commissioners °toa�►� _
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Arn M. Menconi
Commissioner
By: 1, CA
Tom C. Stone
Commissioner
Commissioner ' seconded adoption of the foregoing resolution. The roll
having been cal ed, e vote was as follows:
Commissioner Michael C. Gallagher
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: \j ks\ resolutions \Clarkeassignmentrelease.wpd
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MEMORANDUM
EAGLE COUNTY ENGINEERING 1
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TO: Janice Scofield, Attorney's Office 200.2 /
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FROM: Jan Platt, Engineeri g GOON T
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DATE: October 7, 2002
RE: Assignment of Certificate of Deposit #10003207 in the amount of $11,670.00 for
Clarke & Co., Inc., Permit to Construct Within the Public Way #2904
The work performed under Permit to Construct Within the Public Way #2904 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
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