HomeMy WebLinkAboutR10-075 Bellyached Ridge Metro District Release of AssignmentCommissioner c~T ~~1 K-`-'~-
moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION N0.2010- U 1 S
FOR
REL• EASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
N0.2297021038
FOR ROAD CUT PERMIT NO. 3651
FOR
BELLYACHE RIDGE METROPOLITAN DISTRICT
WHEREAS, the Board of County Commissioners of the County of Eagle, State of
Colorado ("Board") granted Road Cut Permit No. 3651 to construct within the public way for
Emergency Water Service Leak at 5458 Bellyache Ridge Road for Bellyache Ridge Metropolitan
District (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate
of Deposit No. 2297021038 issued by First Bank of Vail in the amount of $2,370.00 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 BOA12D OF COUNTY
COMMISSIONERS Off' 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. 2297021038 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, 2010.
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
,BOARD OF COUNTY COMMISSIONERS
County Commissioners
~____ T ,-~_-~__--
The roll
Commissioner Fisher
Commissioner Stavney
Commissioner Runyon '~_
~lU
This Resolution passed by
sinners of the County of Eagle, State of Colorado.
vote of the Board of County Commis-
G:\NRW\RESOLUTIONS - POA - LOC\FORMS Final release of collateralWSSIGNMENT RELEASE of certificate of deposit.2010DOC
Commissioner 1`~U~--•`-~ ~~- seconded adoption of the foregoing resolution.
having been called, the vote was as follows:
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Nancy Wright, Attorney's Office
FROM: Mike Gruber, Engineering ~~~ ~'
h L ~-
DATE: June 25, 2010
RE: Collateral Release, First Bank of Vail, Assignment of Certificate of Deposit
#2297021038
In the amount of $2,370.00
Construction in the Public Way Permit No. 3651
Bellyache Ridge Metropolitan District
Inspection was made of the work performed under Construction in the Public Way Permit #3651,
Emergency Water Service Leak, 5458 Bellyache Ridge Road.
The work is satisfactory under the requirements of the permit. Release of the Assignment of
Certificate of Deposit as collateral is recommended.
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