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HomeMy WebLinkAbout20102549.tiff 802 RESOLUTION RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL FOR PLANNED UNIT DEVELOPMENT FINAL PLAN, S #554 - IDAHO CREEK, PHASE 3 - KB HOME OF COLORADO, INC. WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, by Resolution dated March 7, 2001,the Board approved the application of Kent Carlson, P.O. Box 247, Eastlake, Colorado 80614, for 351 Residential lots in the Mixed Use Development area for Idaho Creek, Phase 3, on a parcel of land located on the following described real estate, to wit: Part of the NW1/4 NE1/4 of Section 10, Township 2 North, Range 68 West of the 6th P.M., Weld County, Colorado, as shown as on the final plat as Phase 3 of Planned Unit Development Final Plan, S#554, Idaho Creek, and WHEREAS, on February 28, 2005, the Board of County Commissioners of Weld County, Colorado, approved an Improvements Agreement According to Policy Regarding Collateral for Improvements(Public Road Maintenance) between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and KB Home of Colorado, Inc.,with terms and conditions being as stated in said agreement, for Idaho Creek, Phase 3, and accepted Subdivision Bond No. SU5011134, from Aon Risk Services, Inc., of Southern California Insurance Services, P.O. Box 54670, Los Angeles, California 90054-0670, in the amount of$1,296,998.85, and WHEREAS, on August 24, 2009, the Board was presented with a replacement Warranty Bond from Aon Risk Services, 707 Wilshire Boulevard, Suite 2600, Los Angeles, California 90017, in the amount of$194,549.83, retaining 15 percent for a one-year warranty period, and WHEREAS, staff from the Weld County Departments of Public Works and Planning Services have conducted a visual inspection and recommend release of said collateral. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that replacement Subdivision Bond No. SU5011134, from Aon Risk Services, Inc., in the amount of$194,549.83 be, and hereby is, canceled and released. BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby is, directed to return said collateral to the appropriate issuing party. 11111111111111111111111 llllVIII 111111 111 11111 IIII 101 3730802 11/08/2010 11:09A Weld County, CO 1 of 2 R 0.00 D 0.00 Steve Moreno Clerk& Recorder L�C',��/D�D� /7d/? /WOO 2010-2549 1 LC'. ill -1O CANCELLATION AND RELEASE OF COLLATERAL - IDAHO CREEK, PHASE 3 - KB HOME OF COLORADO, INC. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 25th day of October, A.D., 2010. BOARD OF COUNTY COMMISSIONERS ELD COUNTY OLORADO Q. , , ATTEST: (� i rl Do I?Rademach r, air Weld County Clerk to (46 d: •,� � AA'//,LL/M1p/�.//j Barbara Kirkmeyer, ro-Tem7 BY: Deputy Clerf o the Bo w►# v Sean P. Con y AP ED A F Wdliatri F. Garcia n Attorney David E. Long Date of signature: g--/-M' I11111111111111111111111IIII11111111111 III 11111111111 2010-2549 3730802 11/08/2010 11:09A Weld County, CO PL1321 2 of 2 R 0.00 0 0.00 Steve Moreno Clerk& Recorder a MEMORANDUM arto TO: Clerk to the Board DATE: 10/19/2010 W�`P�• FROM: Richard Hastings, Public Works g , Department • COLORADO SUBJECT: BOCC Agenda Item: Final Release of Collateral KB Home Colorado Inc. a.k.a.-"Idaho Creek Subdivision, Phase 3" (S-554, PL1321, #2005-0662) Request for Final Release of Collateral: The Department of Public Works received a request from the applicant's representative, Katie Cooley/Cooley Development Consulting, requesting an inspection of the property in order to obtain the final release of collateral at the end of the warranty period. Following completion of Punch List items, Weld County Public Works Department performed a site inspection, at the above mentioned site, and observed the following: • All Public Works related items on Exhibit A, of the Improvements Agreement According To Policy Regarding Collateral For Improvements (Public Road Maintenance) Document #2005-0662, have been completed and are found to be acceptable. Weld County Collateral List: KB Home of Colorado, Inc. (PL1321 #2005-0662) Idaho Creek, Phase 3 Improvements Agreement Faithful Performance Bond (Subdivision) #SU 5011134, from Arch Insurance Company $1,296,998.85 No expiration Spoke to Maria Pena (213-630-1342) (AON) and Katie Cooley from KB Homes 6/09. They received a letter from Josh Holbrook requesting a reduction in collateral of $1,102,449.02, and retaining $194,549.83 for a one year warranty. Expires 3/4/2010. Letter sent to Katie Cooley by Kim Ogle on 04/01/09 stating current status. Partial Release 08/24/09 (2009-2223) $1,102,449.02 One year warranty period expires 08/24/2010 $ 194,549.83 One year warranty period extended to 08/24/2011 Recommendation: The Department's of Public Works and Planning Services are recommending final release of collateral, as shown above from the Weld County Collateral List, in the amount of$ 194,549.83 M.APLANNING—DEVELOPMENT REVIEW\3-Final Plat(PF,MF,MJF)AS-554 Idaho Creek\Final Collateral Release(KB Homes-Idaho Creek- Phase 3(S-554)-MEMO docx 2010-2549 150 COOLEY DEVELOPMENT CONSULTING • January 15, 2010 October 15, 2010 Mr. Josh Holbrook Weld County Public Works Department 1111 H Street, PO Box 758 Greeley, Colorado 80632 Mr. Kim Ogle Weld County Department of Planning'Services 918 Tenth Street Greeley, Colorado 80631 Re: KB Home Colorado Inc. "Idaho Creek Subdivision" Request for Phase 3 Final Acceptance Dear Mr. Holbrook and Mr. Ogle, • Cooley Development Consulting, on behalf of KB Home Colorado Inc. is formally requesting final acceptance and release of collateral for the following project: Idaho Creek Subdivision Phase 3 — Final Acceptance and release of Bond #SU501134 in the reduced amount of$194,549.83. -N All punch list item have been completed. Please contact Katie Cooley at (303) 810-2704 if you have any questions/concerns. Sincerely, Cooley Development Consulting Katie Cooley, Construction Manager on behalf of KB Home Colorado Inc. ®Cooley Development Consulting, 14577 Galena Ct.,Brighton,CO 80602(303)810-2704® 4 41-41 CLERK TO THE BOARD WUD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. 0. BOX 758 Wle GREELEY, COLORADO 80632 COLORADO November 1, 2010 Attn: Andrew Trietley Director of KB Home 7807 East Peakview Avenue, Suite 300 Centennial, Colorado 80111 RE: Cancellation and release of Collateral — Idaho Creek, Phase 3, KB Home of Colorado, Inc. Mr. Trietley: Attached hereto please find the Board of County Commissioners Resolution releasing the Collateral for Idaho Creek, Phase 3, KB Home of Colorado, Inc., in the amount of $194,549.83. If you would like a recorded copy of the resolution, please contract our Clerk and Recorders Office at 970-304-6530. The original replacement Warranty Bond #SU5011134, has been returned to Arch Insurance Company, in the amount of$194,549.83. If you have questions or need additional information, please do not hesitate to contact me at (970) 336-7215, Extension 4227. Very truly yours, BOARD OF COUNTY COMMISSIONERS By: Donna J. B le , Deputy Clerk to the Board 6 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 WI I ID O GREELEY, COLORADO 80632 • COLORADO November 1, 2010 Attn: Maria Pena Aon Risk Insurance Services West, Inc. P.O. Box 54670 Los Angeles, California 90054-0670 RE: Cancellation and release of Collateral — Idaho Creek, Phase 3, KB Home of Colorado, Inc. Ms. Pena: Attached hereto please find the Board of County Commissioners Resolution releasing the Collateral for Idaho Creek, Phase 3, KB Home of Colorado, Inc., in the amount of $194,549.83 and replacement Warranty Bond #SU5011134, issued by Arch Insurance Company, in the amount of $194,549.83. If you would like to receive a recorded copy of the Resolution, please contact our Weld County Clerk and Recorder's Office at 970-304-6530. If you have questions or need additional information, please do not hesitate to contact me at (970) 336-7215, Extension 4227. Very truly yours, BOARD OF COUNTY COMMISSIONERS By:/on e Donna J. Be ler, Deputy Clerk to the Board e� 4ece „se, ° � e�a°L to BOND NO.: SU5011134 yo o� \ti5 boa PREMIUM: Included in the Faithful loo to Performance Bond „cibti ,to %;\"` i<fr o e ya t 5:* �o (0 WARRANTY BOND Go, .9e4 KNOW ALL MEN BY THESE PRESENTS, That we KB HOME Colorado Inc., as Principal, and Arch Insurance Company, a corporation organized, existing under the laws of the State of Missouri and duly licensed to do business in the State of Colorado, as Surety, are held and firmly bound unto the Weld County, Colorado as Obligee in the penal sum of One Hundred Ninety-Four Thousand Five Hundred Forty-Nine and 83/100---- Dollars ($194,549.83)to which payment well and truly to be made we do bind ourselves, our and each of our heirs, executors, administrators, successors and assigns jointly and severally, firmly by these presents. WHEREAS, the said Principal entered into a contract with Weld County, Colorado for Idaho Creek—Phase 3 Public Road Improvements WHEREAS, said contract provides that the Principal will famish a bond conditioned to guarantee for the period of One yeanfollowing the date of acceptance of the said improvements, by the owner, against all defects in workmanship and materials which may become apparent during said period, and WHEREAS, the said contract has been completed, and was approved on 15`h day of January, 2009. NOW, THEREFORE, THE CONDITION OF THIS OBLIGATION IS SUCH that, If the Principal shall indemnify the Obligee for all loss that the Obligee may sustain by reason of any defective materials or workmanship which become apparent during the period of One year(s) from and after completion of the work and acceptance by the Obligee then this obligation shall be void, otherwise to remain in full force and effect. SIGNED, SEALED AND DATED July 10,2009 KB HOME Colorado Inc. Principal By tithe/ eC. Kee /!s:rjaI-,Sort Arch Insurance Company Sur By Maria Pena,Attorney-in-Fact CALIFORNIA ALL-PU-RPOSE ACKNOWLEDGMENT State of California County of Los Angeles On July 10, 2009 before me, Joyce Herrin, Notary Public, personally appeared Maria Pena , who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that tie/she/they executed the same in his/her/thoir authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. ., JOYCE HERRIN 6 ® • ',' ... =i GOMM,N1605329 [[ '°C. * NC,TARY PUBIC CALIFORNIA Ven— Lela 2 w; . ANGELE9 CWNTY MyComm.Erpn5Ouoou4,2009-1 9w; errin POWER OF ATTORNEY Know All Men By These Presents: That the Arch Insurance Company,a corporation organized and existing under the laws of the State of Missouri, having its principal office in Kansas City, Missouri(hereinafter referred to as the"Company")does hereby appoint KD Conrad, C.K. Nakamura, Joyce Herrin, Tom Branigan, Edward C. Spector, Marina Tapia, Lisa L. Thornton, Maria Pena, E.S. Albrecht,Jr., Tracy Aston, Simone Gerhard, Michael R. Mayberry, Brenda Wong and Noemi Quiroz of Los Angeles, CA(EACH) its true and lawful Attomey(s)-in-Fact, to make, execute, seal, and deliver from the date of issuance of this power for and on its behalf as surety,and as its act and deed: Any and all bonds and undertakings EXCEPTION: NO AUTHORITY is granted to make, execute, seal and deliver bonds or undertakings that guarantee the payment or collection of any promissory note, check,draft or letter of credit. This authority does not permit the same obligation to be split into two or more bonds in order to bring each such bond within the dollar limit of authority as set forth herein. The Company may revoke this appointment at any time. The execution of such bonds and undertakings in pursuance of these presents shall be as binding upon the said Company as fully and amply to all intents and purposes, as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office in Kansas City, Missouri. This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board of Directors of the Company on March 3, 2003,true and accurate copies of which are hereinafter set forth and are hereby certified to by the undersigned Secretary as being in full force and effect "VOTED,That the Chairman of the Board, the President,or any Vice President, or their appointees designated in writing and filed with the Secretary, or the Secretary shall have the power and authority to appoint agents and attorneys-in-fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and undertakings, recognizances, contracts of indemnity and other writings, obligatory in the nature thereof, and any such officers of the Company may appoint agents for acceptance of process." This Power of Attorney is signed, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on March 3,2003: VOTED, That the signature of the Chairman of the Board, the President, or any Vice President, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secretary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on March 3, 2003, and any such power so executed, sealed and certified with respect to any bond or undertaking to which it is attached, shall continue to be valid and binding upon the Company. 00ML0013 00 03 03 Page 1 of 2 Printed in U.S.A. In Testimony Whereof,the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers,this 1st day of May ,20 08 Arch Insurance Company Attested and Certified eteneN Monad - r Martin J. Nil , Secretary J. Mi hael ete, ice i siden STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS I, Brian C. Kuhn, a Notary Public,do hereby certify that Martin J. Nilsen and J. Michael Pete personally known to me to be the same persons whose names are respectively as Secretary and Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set COMMONWEALTH OP PENNSYLVANIA NOTARIAL SEAL Brian C.Kuhn,Notary Public Brian C. Kuhn;Notary Public City of Philadelphia,Philadelphia County My commission expires 12-06-2011 CERTIFICATION My commission expiraDeecmber06,2011 I, Martin J. Nilsen, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated May 1, 2008 on behalf of the person(s)as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said J.Michael Pete, who executed the Power of Attorney as Vice President,was on the date of execution of the attached Power of Attorney the duly elected Vice President of the Arch Insurance Company. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and aff ed the corp s I of the Arch Insurance Company on this 10th day of July 2plin Martin J. Nil ,Secretary This Power of Attorney limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. • PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Contractors&Developers Group 135 N. Robles Ave.,Ste.825 Pasadena,CA 91101 yoaacs 0 SDI o eonotin �e in 1 00ML0013 00 03 03 listed Page 2 of 2 Printed in U.S.A. , RIDER To be attached to and form a part of Type of Bond: Warranty Bond Bond No.: SU5011134 executed by KB HOME Colorado Inc., as Principal, and by Arch Insurance Company, as Surety, in favor of Weld County, Colorado , as Obligee, and dated July 10, 2009 In consideration of the premium charged for the attached bond, it is hereby agreed to: Extended the warranty period From: August 24, 2010 To: August 24, 2011 The attached bond shall be subject to all its agreements, limitations and conditions except as herein expressly modified. This rider is effective August 24, 2010 Signed and Sealed August 9, 2010 Principal: ora o In By , Surety: Arch nsurance Company By s� ^� Maria Pena, Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of California County of Los Angeles On August 9, 2010 before me, Tracy Aston, Notary Public, personally appeared Maria Pena, who proved to me on the basis of satisfactory. evidence to be the, person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same,. in his/her/their authorized, capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under !PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. "� F [�t�Jy�,� TRACY ASTON / '� G" " � ,{ � Commission # 1734939 l ar m ( Notary Publ c - California Loa Angeles County 2 rM/CcmmE,air rwyl3.zo111 Tracy Aston POWER OF ATTORNEY Know All Men By These Presents: That the Arch Insurance Company,a corporation organized and existing under the laws of the State of Missouri, having its principal office in Kansas City,Missouri(hereinafter referred to as the"Company)does hereby appoint KD Conrad, C.K. Nakamura, Joyce Herrin, Tom Branigan, Edward C. Spector, Marina Tapia, Lisa L. Thornton, Maria Pena, E.S.Albrecht,Jr., Tracy Aston, Simone Gerhard, Michael R. Mayberry, Brenda Wong and Noemi Quiroz of Los Angeles, CA(EACH) its true and lawful Attomey(s)-in-Fact, to make, execute, seal, and deliver from the date of issuance of this power for and on its behalf as surety,and as its act and deed: Any and all bonds and undertakings EXCEPTION: NO AUTHORITY is granted to make, execute, seal and deliver bonds or undertakings that guarantee the payment or collection of any promissory note,check,draft or letter of credit. This authority does not permit the same obligation to be split into two or more bonds in order to bring each such bond within the dollar limit of authority as set forth herein. The Company may revoke this appointment at any lime. The execution of such bonds and undertakings in pursuance of these, presents shall be as binding upon the said Company as fully and amply to all intents and purposes,as if the same had been duly executed and acknowledged by its regularly elected officers at its principal office in Kansas City, Missouri. • This Power of Attorney is executed by authority of resolutions adopted by unanimous consent of the Board of Directors of the Company on March 3,2003,true and accurate copies of which are hereinafter set forth and are hereby certified to by the undersigned Secretary as being In full force and effect "VOTED,That the Chairman of the Board, the President,or any Vice President, or their appointees designated in writing and filed with the Secretary, or the Secretary shall have the power and authority to appoint agents and attomeys-in-fact, and to authorize them to execute on behalf of the Company, and attach the seal of the Company thereto, bonds and undertakings, recognizances, contracts of indemnity and other writings, obligatory in the nature thereof, and any such officers of the Company may appoint agents for acceptance of process." This Power of Attorney is signed, sealed and certified by facsimile under and by authority of the following resolution adopted by the unanimous consent of the Board of Directors of the Company on March 3,2003: VOTED, That the signature of the Chairman of the Board, the President, or any Vice President, or their appointees designated in writing and filed with the Secretary, and the signature of the Secretary, the seal of the Company, and certifications by the Secretary, may be affixed by facsimile on any power of attorney or bond executed pursuant to the resolution adopted by the Board of Directors on March 3, 2003, and any such power so executed, sealed and certified with respect to any bond or undertaking to which it is attached,shall continue to be valid and binding upon the Company. 00ML0013 00 03 03 Page 1 of 2 Printed in U.S.A. In Testimony Whereof, the Company has caused this instrument to be signed and its corporate seal to be affixed by their authorized officers,this 1st day of May ,2008 Arch Insurance Company Attested and Certified / "ry� CIrourerob a Tilt I GO Martin J.Nil ,Secretary J. Mi hael ete, ice i siden STATE OF PENNSYLVANIA SS COUNTY OF PHILADELPHIA SS I, Brian C. Kuhn, a Notary Public,do hereby certify that Martin J. Nilsen and J. Michael Pete personally known to me to be the same persons whose names are respectively as Secretary and Vice President of the Arch Insurance Company, a Corporation organized and existing under the laws of the State of Missouri, subscribed to the foregoing instrument, appeared before me this day in person and severally acknowledged that they being thereunto duly authorized signed, sealed with the corporate seal and delivered the said instrument as the free and voluntary act of said corporation and as their own free and voluntary acts for the uses and purposes therein set C0MM0NWEALIH0PPENNNSYLVANIA NOTARIAL SEAL Brian C.Kuhn,Notary Public Brian C.Kuhn; Notary Public City of Philadelphia,Philadelphia County My commission expires 12-06-2011 CERTIFICATION My commission expire December 06,20!! I, Martin J. Nilsen, Secretary of the Arch Insurance Company, do hereby certify that the attached Power of Attorney dated May 1,2008 on behalf of the person(s)as listed above is a true and correct copy and that the same has been in full force and effect since the date thereof and is in full force and effect on the date of this certificate; and I do further certify that the said J. Michael Pete,who executed the Power of Attomey as Vice President,was on the date of execution of the attached Power of Attorney the duly elected Vice President of the Arch Insurance Company. IN TESTIMONY WHEREOF, I have hereunto subscribed my name and aff ed the corpo s I of the Arch Insurance Company on this 9th day of August ,2O 10 Martin J. Nil ,Secretary This Power of Attomey limits the acts of those named therein to the bonds and undertakings specifically named therein and they have no authority to bind the Company except in the manner and to the extent herein stated. • PLEASE SEND ALL CLAIM INQUIRIES RELATING TO THIS BOND TO THE FOLLOWING ADDRESS: Arch Contractors&Developers Group 135 N.Robles Ave.,Ste.825 Pasadena,CA 91101 (coroms. TF�rLL OOML0013 00 03 03 Build d Page 2 of 2 Printed in U.S.A. , Donna Bechler From: Katie Cooley [katie@cooleydevelopment.com] Sent: Friday, October 29, 2010 12:34 PM To: Donna Bechler Cc: atrietley@kbhome.com Subject: KB Idaho Creek Bond Relelase Hi Donna, Please send the bond release to the attention of Mr. Andrew Trietley, Director of KB Home 7807 E. Peakview Ave., Suite 300 Centennial, CO 80111 Please call me if you have any questions/concerns. THANKS!! Katie Cooley, Construction Manager COOLEY DEVELOPMENT CONSULTING ON BEHALF OF KB HOME COLORADO INC. Katie@cooleydeveloment.com (303) 810-2704 cell 1 U.S. Postal Services, rm CERTIFIED MAIL. RECEIPT m (Domestic Mail Only;No Insurance Coverage Provided) F•r •elivery inf•rmati•n visit•ur we•site at www.us•s.c•rru; ? 4 fru .. .. , .. . Lri Postage $ m p Codified Fee O Postmark p Return equire Here (Endorsement Receipt Required) (O (EndorsementRestricted sm Delivery Required) rFee)(Entl r t Deliv gyiretl) Total Postage 8 $Fees W ug sa r ro reet,Apt No.; ///�j or PO Box No. EC. ea 5*'/7D City State, +4 �s raa/ps e19 sGsV- V079 Donna Bechler From: Katie Cooley[katie@cooleydevelopment.com] Sent: Friday, November 19, 2010 1:42 PM To: Donna Bechler Subject: RE: KB Home of Colorado Thank you Donna for the follow up. I'm not sure if the original was received back, but since we have the release signoff from the Board, that released the bond off the books, Thanks, Katie From: Donna Bechler Jmailto:dbechler@co.weld.co.us] Sent: Friday, November 19, 2010 10:13 AM To: Katie Cooley Subject: KB Home of Colorado Hi Katie, I was just following up on the release of collateral for Idaho Creek, Phase 3—KB Home of Colorado, Inc. A couple weeks ago you sent me an e-mail regarding who I sent the information regarding the release to. At this time we still have not received the signed Certified Return Receipt card from Maria Pena with Arch Insurance Company showing that the original bond had been delivered to them, so I thought I would ask you first if you know if the bond was released with them, or do I need to call them and see if they received it, and just failed to sign the card. When I sent them a letter in August of 2009, I did not receive the receipt back either, even though they had received it. Thank you for your help. Donna DONNA BECHLER Deputy Clerk to the Board Weld 10th Street 915 1 1 0th Greeley, Colorodo 80631 (970)336-7215 Ext. 4227 (970)352-0242 (fax) AA /c3G'/ Hello