HomeMy WebLinkAboutR08-087 Al Lee Release of Assignment of Cert of DepositCommissioner
moved adoption
of the following Resolution:
BOARD OF COUNTY COMIVIISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION N0.2008-~~
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 3521
AL LEE
WHEREAS, on or about May 2, 2006, the Board of County Commissioners of the
County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3521 to Al Lee
(Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate
of Deposit No. 7884952040 issued by Wells Fargo 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 is satisfactory and the Engineering Department recommends
full release of the collateral (Exhibit "A"); and
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. 7884952040 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 ~ day of July, 2008.
ATTEST:
By:
Clerk to the Boa~fd of °~Sal-
County Commissioners
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BARD OF COUNTY COMMISSIONERS
By:
By:
Peter F. Runyon
Chairman
Commissioner ~~'`~~--' ' seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Runyon ~'~ `' __
Commissioner Fisher
Commissioner Menconi '~
This Resolution passed by ~ ~ b vote of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
G:\NRW\RESOLUTIONS - POA - LOC\FORMS Final release of collateral\ASSIGNMENT RELEASE of certificate of deposit.DOC
~ ~
Commissioner
' • •
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Nancy Wright, Attorney's Office
FROM: Mike Gruber, Engineering /1/L'
DATE: July 15, 2008
RE: Collateral Release, Wells Fargo, Assignment of Certificate of Deposit #7884952040
In the amount of $2,000.00
Construction in the Public Way Permit No. 3521
Al Lee
Inspection was made of the work performed under Construction in the Public Way Permit #3521,
1880 Winslow Road, Singletree Subdivision, Edwards, CO.
The work is satisfactory under the requirements of the permit. Release of the Assignment of
Certificate of Deposit as collateral is recommended.
# ##
cc: Eva Wilson, County Engineer
file #3521
EXHIBIT
1 /9
i
. .
II