HomeMy WebLinkAbout20092573.tiff1j
RESOLUTION
RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL FOR SITE PLAN
REVIEW, SPR #409 - ZEEK PARTNERSHIP, LLLP, C/O TED DRYSDALE
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 February 14, 2007, the Department of Planning Services
approved the application of Zeek Partnership, LLLP, do Kenneth Williamson, 4068 Camelot Circle,
Longmont, Colorado 80504, for offices, a maintenance shop, equipment sales, manufacturing, and
warehouse sales of products and services on the following described real estate, to wit:
Lot 7, Block 2, Amended Plat of Rademacher
Business Park Final Planned Unit Development;
being part of the NW1/4 of Section 23, Township 3
North, Range 68 West of the 6th P.M., Weld County,
Colorado, and
WHEREAS, on June 18, 2007, the Board of County Commissioners of Weld County,
Colorado, approved an Improvements Agreement According to Policy Regarding Collateral for
Improvements (Private Road Maintenance) between the County of Weld, State of Colorado, by and
through the Board of County Commissioners of Weld County, and Zeek Partnership, LLLP, do
Kenneth Williamson, with terms and conditions being as stated in said agreement, and accepted
Irrevocable Standby Letter of Credit No. 1328, drawn on Colorado Business Bank, 821 17th Street,
Loan Operations Department, 3rd Floor, Denver, Colorado 80202, in the amount of $163,555.24,
and
WHEREAS, staff from the Weld County Departments of Planning Services and Public
Works 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 the Irrevocable Standby Letter of Credit No. 1328, drawn on the Colorado
Business Bank, in the amount of $163,555.24 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.
1111111 VIII IIIIII VIII IIII IIII 11111111 III 11111 IIII I'll
3655774 10/23/2009 03:53P Weld County, CO
1 of 2 R 0.00 D 0.00 Steve Moreno Clerk & Recorder
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2009-2573
PL1903
70,7 7 /O�J
CANCEL COLLATERAL - ZEEK PARTNERSHIP, LLLP, C/O TED DRYSDALE
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 28th day of September, A.D., 2009.
ATTEST:
Weld County Clerk to t
BY: Cn,.Z tkv <o .
Deputy Clerk to the Bbard
APP RM:
Pte
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Date of signature /0/1/0 9
UNTY COMMISSIONERS
Y, COLORADO
William F. Garcia, Chair
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DouglIRademacr, Pro-Tem
-
Sean P. Conway
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ra Kirkmeyer r
David E. Long
1111111 11111 111111111111111 IIII 11111111 III 11111 IIII IIII
3655774 10/23/2009 03.53P Weld County, CO
2 of 2 R 0.00 D 0.00 Steve Moreno Clerk & Recorder 2009-2573
PL1903
ff( 5
COLORADO
MEMORANDUM
TO: Board of County Commissioners
DATE: September 18, 2009
FROM: Kim Ogle, Planning Services
SUBJECT: Rademacher 1-25 Business Park
Request for Release of Collateral for
Site Plan Review 409
Zeek Partnership, LLLP
c/o Ted Drysdale
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The Department of Planning Services received a request from Ted Drysdale of Alfa Construction,
property owners for an inspection and release of monies held for the improvements associated with
Site Plan Review No. 409, Zeek Partnership, LLLP.
Weld County presently is holding the following amount of monies associated with the Site Plan
Review.
Zeek Partnership, LLLP (PL #1903) SPR #409 #2007-1719
Private Road Maintenance, Irrevocable Letter of Credit
#1328, Colorado Business Bank
Expires 04/25/2008 with auto renewal
Final Expiration 04/25/2013
$163,555.24
Representatives for the Department of Public Works and Planning Services performed a site
investigation to determine if all improvements had been installed, maintained and were without
material defect for Site Plan Review SPR-409. Visual inspection on September 15, 2009, for SPR-
409, determined that the detention pond was adequately constructed. It is important to note that this
detention pond will require continuous maintenance and reseeding to control erosion. The pond
bottom will require grading and sediment removal to ensure positive drainage to the outlet pipe and
maintain the required 100 -year storm event volume. It might be recommended that the applicant
place a concrete 'V channel to aid in the positive drainage to the outlet pipe.
The Department of Public Works requested and has received As -built Plans for the detention pond.
The plans are stamped, signed and dated by an engineer licensed and able to practice within the
State of Colorado. Given receipt of said documents, all transportation related items are acceptable
to Public Works, and all of the non -transportation related items are acceptable to Planning Services.
The Weld County Attorney, the Department of Public Works and the Department of
Planning Services, have determined that the Irrevocable Standby Letter of Credit #1328, from
Colorado Business Bank, may be released in full.
2009-2573
Kim Ogle
From:
Sent:
To:
Cc:
Subject:
Don Dunker
Tuesday, September 15, 2009 2:57 PM
Kim Ogle
Richard Hastings; 'Ted Drysdale'; David Bauer; Don Dunker
SPR-397 and SPR-409 site visit for collateral release
Kim,
Per the site visit today for SPR-397 it appears all items were acceptable to Public Works.
The detention ponds on lots 5 and 6 will need to have continuous maintenance and reseeding to
control erosion. Periodically the ponds will require sediment removal to maintain the
required 100 -year storm event volume.
Per the site visit today for SPR-409 it appears the only item needed is the as -built plans
for the detention pond. It shall be stamped, signed and dated by an engineer licensed and
able to practice within the State of Colorado. This detention pond will require continuous
maintenance and reseeding to control erosion. The pond bottom will require grading and
sediment removal to ensure positive drainage to the outlet pipe and maintain the required
100 -year storm event volume. It might be recommended that the applicant place a concrete 'V'
channel to aid in the positive drainage to the outlet pipe.
Let me know if you have any questions.
Thanks,
Don Dunker, P.E.
Weld County Public Works
1111 H Street
Greeley, CO 80631
phone: 970.304.6496 ext. 3749
fax: 970.304.6497
ddunker(ico.weld.co.us
1
Kim Ogle
From:
Sent:
To:
Cc:
Subject:
Ted Drysdale [ted@alfaconstruction.net]
Tuesday, September 01, 2009 12:41 PM
Kim Ogle
Don Dunker
Release of LOC
Kim we have requested a Release of the letters of credit on SPR 397 and 409. Just wondering how that process is going?
Ted
1
Atce:
111111e.
COLORADO
CLERK TO THE BOARD
PHONE (970) 336-7215, Ext. 4225
FM: (970) 352-0242
P. O. BOX 758
GREELEY, COLORADO 80632
September 29, 2009
Zeek Partnership, LLLP
do Ted Drysdale
4075 #200 Camelot Circle
Longmont, Colorado 80504
RE: Cancellation and release of Collateral for Zeek Partnership, LLLP, c/o Ted Drysdale
Mr. Drysdale:
On September 28, 2009, the Board of County Commissioners approved the cancellation and
release of collateral for Zeek Partnership, LLLP, in the amount of $163,555.24, as referenced
above. Enclosed is a copy of the Resolution signed by the Board of County Commissioners. I will
forward a copy of the signed and recorded Resolution to you as soon as it has been recorded. The
original Irrevocable Letter of Credit No. 1328 for $163,555.24 has been returned to Colorado
Business Bank, 821 17'" Street, Loan Operations Department, 3rd Floor, Denver, Colorado 80202.
If you have questions or need additional information, please do not hesitate to contact me at (970)
356-4000, Extension 4227.
Very truly yours,
BOARD OF COUNTY COMMISSIONERS
By:
Donna J. Becher
Deputy Clerk to the Board
September 28, 2009
CLERK TO THE BOARD
PHONE (970) 336-7215, Ext. 4225
FAX: (970) 352-0242
P. O. BOX 758
GREELEY, COLORADO 80632
Colorado Business Bank
821 171h Street
Loan Operations Department 3`° Floor
Denver, Colorado 80202
RE: Cancellation and release of Collateral — Zeek Partnership, LLLP, (SPR #409)
c/o Ted Drysdale
To Whom It May Concern:
Attached hereto please find the Board of County Commissioners Resolution releasing the
collateral for Zeek Partnership, LLLP, c/o Ted Drysdale, in the amount of $163,555.24, and the
original Irrevocable Standby Letter of Credit No. 1328, issued by Colorado Business Bank, in
the amount of $163,555.24.
If you have questions or need additional information, please do not hesitate to contact me at
(970) 356-4000, Extension 4227.
Very truly yours,
BOARD OF COUNTY COMMISSIONERS
By:
Donna J. Becttfer,
Deputy Clerk to the Board
7 COLORADO
BUSINESS BANK
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IRREVOCABLE STANDBY LETTER OF CREDIT
Letter of Credit Number: 1328
Expiration Date: April 25, 2008
Date: April 25, 2007
Beneficiary Name:
Address:
City. State, Zip Code:
Applicant Name:
Address:
City, State, Zip Code:
Board of County Commissioner of Weld County
918 10th Street
Greeley, CO 80631
Zeek Partnership, LLLP.
4068 Camelot Cir.
Longmont, CO 80504
0
We hereby issue our Irrevocable Standby Letter of Credit No. 1328 in your favor in the
amount of One Hundred Sixty-three Thousand Five Hundred Fifty-five Dollars and 24/100
U.S. Dollars (USD $163,555.24) and expiring at the close of business (3:00 p.m. Mountain
Time) on April 25, 2008 at our counters at Colorado Business Bank, Loan Operations
Department 3rd floor, 821 17th Street, Denver, CO 80202.
Special Conditions:
Partial drawings are allowed.
It is a condition of this Letter of Credit that it will be automatically extended without
amendment for an additional period of 12 months from the present and each future
expiration date, unless, not less than 30 days prior to the then relevant expiration date, we
notify you that we elect not to extend this Letter of Credit for any additional period. This
Letter of Credit has a full and final expiration date of April 25, 2013.
We hereby agree with you that drafts drawn under and in accordance with the terms of this
letter of credit will be duly honored upon presentation of drafts(s) and required
document(s) at our office no later than the close of business (3:00 p.m. Mountain Time) at
821 17th St., Loan Operations Department 3rd floor, Denver, Colorado 80202, U.S.A. on or
before the expiry date of this Letter of Credit.
Unless otherwise expressly stated, this letter of credit and all negotiations hereunder shall
be governed by and construed in accordance with the International Standby Practices
ISP98, as published by the International Chamber of Commerce Publication No. 590, and,
to the extent not inconsistent therewith, the laws of the State of Colorado.
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C:\Documents and Smtn3 lgdiea$6®Qhjpgs\�gng9@rannict blim\94.1CSLI460ciPAtn9oip74.44371611328 Letter of Credit
(2007).doc
Letter of Credit No. 1328
Pg. 2
This letter of credit is not transferable unless Colorado Business Bank agrees to the
transfer in writing.
Please direct any inquiries with regard to this Letter of Credit to Colorado Business Bank,
Loan Operations Department, 821 17th Street, Denver, CO 80202 (303)293-2265.
Colorado Business Bank,
ompson, Vice President
C:\Documents and Settings\Iludwig\Local Settings Temporary Internet Files\OLK63\Zeek Partnership LLLP #1328 Letter of Credit
(2007).doc
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