HomeMy WebLinkAboutR02-138 final release of collateral for Cordillera Filing 32 southern parcelCommissioner moved adoption
of the following Resolution:
BOARD OF COUNTY COMMISSIONERS
COUNTY OF EAGLE, STATE OF COLORADO
RESOLUTION NO. 2002--..
FINAL RELEASE OF COLLATERAL
AND
TERMINATION OF THE WARRANTY PERIOD
FOR
CORDILLERA FILING 32, SOUTHERN PARCEL
File No. PDF -00002
WHEREAS, on August 10, 1998, Kensington Partners, A Colorado General Partnership
( "Subdivider ") and the Board of County Commissioners of Eagle County, Colorado (hereinafter
"Board ") entered into a Subdivisions Improvements Agreement (hereinafter "Agreement ")
concerning the development of Cordillera Filing 32, Southern Parcel; 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 Improvements Agreement
expired on August 22, 2002.
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 Improvements Agreement for Cordillera, Filing 32.
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 Cordillera, Filing 32 has been
successfully completed and that the Subdivider's obligations under the Agreement are complete.
THAT, Eagle County does not assume responsibility for maintenance or upkeep of the
road in Cordillera Subdivision Filing 32.
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Sara J Fisher Eagle, Co 370 R 0. 00 D 0. 00
THAT, the Plat Note recorded at Reception No 665657, including all restrictions
pertaining thereto, is hereby released.
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 October,
2002.
ATTEST:
COUNTY OF EAGLE, STATE OF
COLORADO, By and Through Its
BOARD OF COUNTY COMMISSIONERS
Commissioner
By: 92k. fi!! _�_
Tom C. tone
Commissioner
Commissioner 61k7V_ seconded adoption of the foregoing resolution. The roll
having been called, the vote was as follows:
Commissioner Michael L. Gallagher
Commissioner Arn M. Menconi
Commissioner Tom C. Stone
This Resolution passed by ( j —0 vote of the Board of County Commis-
sioners of the County of Eagle, State of Colorado.
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Sara J Fisher Eagle, Co 370 R 0100 D 0. 00
TO:
FROM:
DATE:
MEMORANDUM
EAGLE COUNTY ENGINEERING
Janice Scofield, Legal Secretary
Eagle County Attorney's Office
John M. Vengrin JA V
Engineering Department
September 13, 2002
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RE: PDF- 00022, Cordillera, Southern Parcel, Filing 32, Release of Warranty Collateral and
Termination of the Subdivision Improvements Agreement Dated August 10, 1998 at
Reception No. 665657
I have reviewed the applicant's request for release of collateral for the above referenced Subdivision
Improvements Agreement (SIA). I have also inspected the work during a site visit on August 19,
2002. I have received record drawings as required by the SIA. It is my recommendation that all of
the remaining collateral in the amount of $38,769.35 be released and that the SIA be terminated.
Please call or email me if you have any questions.
# # #
Pc: Helen Migchelbrink, Eagle County Engineer
John Cahill, Cordillera
Chrono
File PDF -00022
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