HomeMy WebLinkAboutR02-093 final release of collateral for Edwards StationCommissioner , moved adoption
of aw following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2002- 0?-3
FINAL RJELEASE OF COLLATERAL
AND
TERMINATION OF THE WARRANTY PERIOD
FOR
EDWARDS STATION
WHEREAS, on March 8, 1999, East -West Partners, a Colorado Corporation
( "Subdivider ") and the Board of County Commissioners of Eagle County, Colorado (hereinafter
"Board ") entered into a Subdivisions On -Site Improvements Agreement (hereinafter
"Agreement ") concerning the development of Edwards Station; and
WHEREAS, by Eagle County Consent No. 2000 -09, the County commenced the
warranty period for Edwards Station said warranty period to expire March 30, 2002; and
WHEREAS, both the Subdivider and the Engineering Department state that the work
required under the Agreement is complete and acceptable and the Engineering Department
recommends full release of the collateral and the termination of the Subdivision Improvements
Agreement, see Exhibit "A ", attached hereto and incorporated herein by this reference. Based
upon the oral and written recommendations of the County staff, THE BOARD FINDS that the
Subdivider's obligations under the Agreement have been satisfied.
WHEREAS, the warranty period required by the Subdivision On -Site Improvements
Agreement has ended.
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 collateral and the
termination of the Subdivision On -Site Improvements Agreement for Edwards Station.
THAT, this document shall be recorded in the Records of the Eagle County Clerk and
Recorder, which shall be evidence that the warranty period for Edwards Station has been
successfully completed and that the Subdivider's obligations under the Agreement are complete.
THAT, the remainder of the collateral, $10, 913.26 be released to the Subdivider.
11
MOVED, READ AND ADOPTED by the Board of County Commissioners of the
,e County of Eagle, State of Colorado, at its regular meeting held the day of
2002.
o COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
ATTEST: BOARD OF COUNTY COMMISSIONERS
.a�
OR
erk to the Board of Michael L. Gallagher
County Commissioners Chairman
Tom C. Stone
commjssioner
By:
Am M. Menconi
Commissioner
Commissioner ? seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner
Commissioner
Commissioner
Michael L. Gallagher
Tom C. Stone
Am M. Menconi
This Resolution passed by 2c li �a�`f , vote of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
GAParalegahConsentTinal CollaterahEdwards St. on- sitempd
file no. 98 -94
TO: Bruce Strasinger, County Attorney's ice
FROM: Karen A. Filter, Engineering ,
DATE: June 27, 2002
RE. Final Release of Collateral and Termination of Warranty Period; SMA- 00006,
Edwards Station On -Site Improvements Agreement
A request for final release of collateral was received from East West Partners on May 3, 2002. The
work was inspected on May 2d, 2002, and it has successfully survived the two year warranty period.
As- builts were received on June 17, 2002 in accordance with the requirements of the On -Site
Improvements Agreement. It is recommended that the remaining collateral in the amount of
$10,913.26 be released and the On -Site Improvements Agreement be terminated.
xc: HeIen Migchelbrink, County Engineer
John Vengrin, Project Engineer
Bryan Raydon, East West Partners
Chrono /file