HomeMy WebLinkAboutR08-113 Lawrence Landry Release of Letter of CreditCommissioner ~'` ~ "J' moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION N0.2008- < < ~
FOR
RELEASE OF LETTER OF CREDIT NO. SLCPPDX03679
FOR ROAD CUT PERMIT NO. 3574
LAWRENCE LANDRY
WHEREAS, on or about October 13, 2006, the Board of County Commissioners of the
County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 3574 to Lawrence
Landry (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Letter of Credit No.
SLCPPDX03679 issued by US 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 Letter of Credit No. SLCPPDX03679 requires termination 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 Letter
of Credit No. SLCPPDX03679 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 7~3 day of August, 2008.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: ~~~~ r~ BOARD OF COUNTY COM I NERS
C:~'C ~
By: ~ y:
Clerk to the Board of ~b~pAAO° Peter F. Runyon
County Commissioners '""""'
----_ --
IG~--1', ~ t u-bui ~
By:
By:
Chairman
Commissioner '`^ S~~' seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Runyon
Commissioner Fisher
Commissioner Menconi
~ti
ti
-4 ``
This Resolution passed by 3 l D
sinners of the County of Eagle, State of Colorado.
vote of the Board of County Commis-
G:~NRW~RESOLUTIONS - POA - LOC~F'ORMS Final release of collateraARelease of Letter of Credit for road cut.DOC
Commissioner
r
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Nancy Wright, Attorney's Office
FROM: Mike Gruber, Engineering !
~~~j lr L
DATE: September 10, 2008
RE: Collateral Release, U.S. Bank, Letter of Credit No. SLCPPDX03679
In the amount of $2,000.00
Construction in the Public Way Permit No. 3574
Lawrence Landry c/o George Gregory, P.O. Box 1991, Avon, CO 81620
Inspection was made September 10, 2008 of the work performed under Construction in the
Public Way Permit #3574, 1181 Winslow Road, Singletree Subdivision, Edwards, CO.
The work is satisfactory and has successfully completed the two year warranty period under the
requirements of the permit. Release of the Letter of Credit as collateral is recommended.
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