HomeMy WebLinkAboutR02-101 release of CD for Dry Lake DirtCommissioner �� > moved adoption
of the following Resolution.:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2002 -_
FOR
RELEASE OF ASSIGNMENT OF CERTIFICATE OF DEPOSIT
FOR ROAD CUT PERMIT NO. 2844
FOR DRY LAKE DIRT, INC.
WHEREAS, on or about July 27, 2000, the Board of County Commissioners of the
County of Eagle, State of Colorado ( "Board ") granted Road Cut Permit No. 2844 to Dry Lake
Dirt, Inc. (Subdivider); and
WHEREAS, the Subdivider provided collateral in the form of Assignment of Certificate
of Deposit No. 17227 issued by Wells Fargo Bank formerly known as First Bank of Eagle
County 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 was never done and the Subdivider no longer intends to do
the work, therefore, 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. 17227 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 2,n day of August,
'
Clerk to the Board of
County Commissioners
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF BOUNTY COMMT .qfi-
Michael L. Gallagher
Chairman
Am M. Menconi
Commissioner
By:
Tom C. tone
% Commissioner
Commissioner ' �/ seconded adoption of the foregoing resolution. The roll
having been called, the vo as as follows:
Commissioner Michael C. Gallagher .
Commissioner Am M. Menconi
Commissioner Tom C. Stone
This Resolution passed by � to of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
GAi ksVesolutionAassignment release
MEMORANDUM
EAGLE COUNTY ENGINEERING
TO: Janice Scofield, County Attorney's Office
FROM: Jan Platt, Engineer' g
DATE: July 10, 2002
RE: Dry Lake Dirt Assignment of CD
Permit to Construct Within the Public Way #2844
A request was received from Mr. Ron Pirnie of Dry Lake Dirt, Inc. to release the Certificate of
Deposit held as collateral for the referenced permit. A review of the site indicated the permitted
work was never done and Mr. Pirnie indicated he no longer intends to do the work. Therefore, it has
been determined that there is no longer any reason to hold the collateral.
Please prepare the resolution necessary to release the Assignment of Certificate of Deposit in the
amount of $2,000.00.
Please call me if you have any questions.
xc: Helen MigcheIbrink, County Engineer
Ron Pirnie, Dry Lake Dirt, Inc.
Chrono /file
EXHIBIT
EAGLE BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST & STAFF RECOMMENDATION FORM
TITLE RESOLUTION TO RELEASE ASSIGNMENT OF CERTIFICATE OF
DEPOSIT NO. 17227 ISSUED BY WELLS FARGO BANK ASSIGNING
$2,000.00 TO EAGLE COUNTY AS COLLATERAL FOR ROAD CUT
PERMIT NO. 2844 FOR DRY LAKE DIRT, INC.
LOCATION: Eagle County Room
STAFF CONTACTIPRESENTER : County Attorney Office Designee
DEPARTMENT: COUNTY ATTORNEY
REQUESTED HEARING DATE 816102(1 STCHOICE) (2ND CHOICE)
CHECK ONE:
CONSENT CALENDAR X ON THE RECORD WORK SESSION
LENGTH OF TIME REQUESTEDIREQUIRED
THE DOCUMENTS TO BE SIGNED A E BEEN EVIEWED & APPROVED BY THE
COUNTY ATTORNEY %
Attorney
IF THIS IS A CONTRACT OR OTHER ITEM REQUIRING AN EXPENDITURE, IS THE
FULL AMOUNT TO COVER THIS REQUEST IN THE CURRENT APPROVED
BUDGET?
PROJECT/CONTRACT DESCRIPTION
STAFF RECOMMENDATION
BASIS FOR RECOMMENDATION
PROPOSED MOTION_ I move that the Resolution Releasing Assignment
of Certificate of Deposit No. 17227 for Road Cut Permit No. 2844 be signed.
(ATTACH ALL BACK UP DOCUTT,7ENTS TO THIS FORM)
Jack Ingstad, County Administrator