HomeMy WebLinkAboutR14-089 Jeff Armistead Release of Letter of Credit Commissioner ,0uue 14 vz�, moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2014- O
FOR
RELEASE OF LETTER OF CREDIT NO. 827-0397
FOR CONSTRUCTION IN THE PUBLIC WAY PERMIT NO. 8453
JEFF ARMISTEAD C/O MOUNTAIN BUILDERS
WHEREAS, on or about December 6, 2012, the Board of County Commissioners of the
County of Eagle, State of Colorado ("Board") granted Road Cut Permit No. 8453 to Jeff
Armistead c/o Mountain Builders (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Letter of Credit No. 827-
0397 issued by First Bank of Vail 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. 827-0397 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. 827-0397 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 1' R day of October, 2014.
COUNTY OF EAGLE, STATE OF
ORADO, By and Through
ATTEST: ° c 'D OF COU Y C• • ERS
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By: f. • ••••• i O •RA • ��/
J Clerk to the Bo.'d of e'Vn H. Ryan
County Commissioners ai an
By: _ 2 -
Sara J. Fisher
Co ission•
Kathy f6.ndler-Henry
Commissioner
Commissioner "'l S — seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Ryan 4 4
Commissioner Fisher J-L
Commissioner Chandler-Henry ••
3
This Resolution passed by / 1) vote of the Board of County Commissioners of
the County of Eagle, State of Colorado.
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Deborah Churchill, Attorney's Office
FROM: Mike Horvath, Engineering
DATE: October 17, 2014
RE: Collateral Release, 1st. Bank, Letter of Credit No. 827-0397
In the amount of$2,000.00
Construction in the Public Way Permit No. 8453
Jeff Armistead do 10th Mountain Builders, P.O. Box 955, Minturn, CO 81645
Inspection was made October 9, 2014 of the work performed under Construction in the Public
Way Permit#8453, 110 Hereford 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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EXHIBIT
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