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Home My WebLink About20092222.tiffRESOLUTION 536 RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL FOR PLANNED UNIT DEVELOPMENT FINAL PLAN, S #554 - IDAHO CREEK, PHASE 2 - 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 2, 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 2 of Planned Unit Development Final Plan, S #554, Idaho Creek, and WHEREAS, on April 14, 2003, 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 Colorado, Inc., with terms and conditions being as stated in said agreement, for Idaho Creek, Phase 2, and accepted Development Bond #3S12723400, drawn on Lumbermens Mutual Casualty Company, a corporation organized under the laws of the State of Illinois, as Surety, in the amount of $1,026,209.00, and WHEREAS, on May 16, 2005, the Board of County Commissioners of Weld County, Colorado, partially released collateral, in the amount of $1,007,979, and accepted Irrevocable Standby Letter of Credit #3075014, drawn on the Bank of America, in the amount of $18,230.00, for non -transportation replacement 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 Irrevocable Standby Letter of Credit #3075014, drawn on the Bank of America, in the amount of $18,230.00 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. 1111111111111111111111 11111 1111111111111111111111111111 2009-2222 364653 6 09/02/2009 03:45P Weld County, CO PL1321 1 of 2 R 0.00 D 0.00 Steve Moreno Clerk & Recorder !/e:Pt, f'&c PAZ- CANCEL COLLATERAL - IDAHO CREEK, PHASE 2 - 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 24th day of • st, A.D., 2009. ARD OF COUNTY COMMISSIONERS LD Cs, TY, COLORADO Weld C_unty Clerk to the Boa Date of signature ��( iam F. Garcia, Chair c Douglas "ademache Pro-Tem ra Kirkmeyer i David E. Long OA 111111 WI 11111111111111111# I I 111111 I I I! I I I I :45P Weld Cunty, CO 2 o 8 of 2 R 0.00 ZD 0.00 000 3Steve Morenoo Clerk& Recorder 2009-2222 PL1321 flOtt Wilk COLORADO MEMORANDUM TO: Board of County Commissioners DATE: August 17, 2009 FROM: Kim Ogle, Planning Service SUBJECT: Release of Letter of Credit, #3075014, Bank of America Case number S-554 KB Homes of Colorado Inc., Applicant Staff from the Department of Public Works conducted a field inspection in February 2008 and determined that the property was in compliance with all transportation elements as stated in their letter to Katie Cooley of Vision Land Consultants dated February 28, 2008. Planning Services inspected the site on May 8, 2009 and determined that all non -transportation related items had been completed. The Department of Public Works is recommending full release of collateral, in the amount of eighteen thousand two hundred thirty dollars as the one year warranty period has been completed without further action required by the applicant, KB Homes of Colorado Inc. The Weld County Attorney, the Department of Public Works and the Department of Planning Services, recommend the full release of monies held to complete the warranty work required for Idaho Creek PUD, Phase 2 Improvements. PC: R. Hastings, PW D. Carroll, PW S. Arries, CA File: S 554, Phase 2 2009-2222 (ISION LAND) CONSULTANTS. INC. August 10, 2009 Civil and Structural Engineers, Construction Management & Program Management Mr. Kim Ogle Weld County, Department of Planning Services Greeley Planning Office 918 Tenth Street Greeley, Colorado 80631 Re: KB Home Idaho Creek Subdivision Dear Mr. Ogle, Per my previous request dated February 25, 2009 to release surety for the KB Home Idaho Creek Subdivision, the below is an update of the progress that has been made: Idaho Creek Phase 2 — Final Acceptance and Release of LOC #3075014 - $18,230.00 and Idaho Creek Phase 3 — Initial Acceptance and Reduction of Bond' #SU501134 - $1,296,998.85 Per you return voice mail message on 8/07/09, you stated that KB would need to send a letter requesting a final inspection and release of surety. The original letter was sent you on January 21, 2008. From that letter you sent a return e-mail dated January 22, 2008 to place the request for queue for review. Soon after, I received a letter from Mr. Holbrook dated February 28, 2008 stating that all punch list items have been completed, but still needed the as -built plans and upon receipt of those plans a hearing would be set for release. As-builts were submitted and received February 16th of 2009. As-builts were reviewed and approved by Mr. Holbrook February 20, 2009 and he then asked for another letter requesting the release of collateral. This letter was sent February 27, 2009. In March of 2009 two memos were produced. The memo for phase 2 stated that all punch list items have been completed and as -built plans were received and "Weld County is holding a replacement bond in the amount of $18,230.00 under KB Home of Colorado Inc. The remaining $18,230.00 can be released ending the warranty period. Idaho Creek is a public road and will become the responsibility of Weld County of maintain at this time." Additionally, the memo regarding Phase 3 stated that all punch list items have been completed and the as-builts had been received and the bond can be released to the one year warranty period. Since receipt of the two memos listed above I have been trying to contact Weld County for the "hard copy" release of the LOC and Bond. Attached is all the correspondence listed above and the several pages of documentation between myself and Weld County requesting the release for over six months. Also below, per your request, is a third request requesting the release. Idaho Creek — Open Classroom As response to my letter dated February 25, 2009 requesting final acceptance and release of the Open Classroom native area, I received a letter dated April 1, 2009 with several punch list items. Below is a summary of our conversation held May 1, 2009 and an update of the punch list items. 603 Park Point Drive, Suite 100 • Golden, CO 80401 • Phone: (303) 674-7355 • Fax: (303) 674-3263 P.O. Box 679 • 135 E. Jasper Avenue • Granby, CO 80446 • Phone: (970) 887-2600 • Fax: (970) 887-3200 110 East 3rd Street, Suite 103 • Rifle, CO 81650 • Phone: (970) 625-1721 • Fax: (970) 625-1623 www.visionlandconsultants.com Punch List Item No. 1 — concerning two missing street trees and seed. The street trees have been installed and the seed in this area is well established. Punch List Item No. 2 — concerning Tract N. Per our conversation 5/01 this item is acceptable and considered a non -item by KB. This Tract has been upgraded by the HOA and per our conversation is considered a non -issue. Punch List Item No. 3 — concerning the bus shelter and public restroom. Per our conversation 5/01 this item is acceptable and considered a non -item by KB. While working and in good condition at one time, the HOA has decided to permanently close the restroom due to continuing vandalism. Punch List Item No. 4 — concerning a "Cargo" container. This was used on -site temporarily by the sub -contractor hired to make park improvements. This item no longer applies. Punch List Item No. 5 — concerning an additional light at the open classroom park trail head. KB installed a light as requested by the County in previous punch lists. This light was installed as directed in by Voneen Macklin in 2007. The quantity and locations of lights should now be compliant with the site design plan. Furthermore, the rules for the park specifically state the park closes as dusk. Punch List Item No. 6 — concerning the crusher fine path and entrance signs. There are no actionable items listed in this paragraph as the element were found acceptable. Punch List Item No. 7 — concerning prairie dogs. KB has been on -site on two different occasions to remove the prairie dog holes from the trail area. After speaking with the HOA, they have also taken it upon themselves to eradicate the prairie dogs. If necessary, I can provide copies of the invoices paid for prairie dog hole mitigation. However, this is their natural habitat and prairie dog maintenance is and will continue to be a function for the HOA. Punch List Item No. 8 — concerning signs. KB is in the process of receiving bids for the downed signs. The HOA has one of the signs which KB has offered to re -install. I will keep in touch with you regarding the status of the signs. We are having difficulty finding a sign contractor who can perform the Braille. Punch List Item No. 9 — concerning planting plans. The HOA has taken it upon themselves to re -vegetate, by adding more shrubs and trees, to the area. The have a planting plan that they implement yearly at an annual community event. This is a very positive element to the community and HOA owned and maintained area. I see no actionable items for KB. The only outstanding item is the re -installation of the classroom signs. I will keep you informed of this item. If the County has any further concerns I would like to set up a site meeting so all expectations from KB and the HOA are clear. 603 Park Point Drive, Suite 100 • Golden, CO 80401 • Phone: (303) 674-7355 • Fax: (303) 674-3263 P.O. Box 679 • 135 E. Jasper Avenue • Granby, CO 80446 • Phone: (970) 887-2600 • Fax: (970) 887-3200 110 East 3rd Street, Suite 103 • Rifle, CO 81650 • Phone: (970) 625-1721 • Fax: (970) 625-1623 www.visionlandconsultants.com In summary, KB Home would like to request: Idaho Creek Phase 2 — Final Acceptance and Release of LOC #3075014 - $18,230.00, as all punch list items and requests have been satisfied. Idaho Creek Phase 3 — Initial Acceptance and Reduction of Bond #SU501134 - $1,296,998.85, as all punch list items and requests have been satisfied. The reduced bond in the requested amount of $194,549,83 is enclosed. Upon completion of the punch list items in the Open Classroom KB will request acceptance and release. If you have any further questions or concerns please contact me at (720) 883-3832. Thank you for all you time and patience on this project. Sincerely, Vision Land Consultants Inc. 61— el-tktur Katie C� ool y Construction Manager On Behalf of KB Home Colorado Inc. 603 Park Point Drive, Suite 100 • Golden, CO 80401 • Phone: (303) 674-7355 • Fax: (303) 674-3263 P.O. Box 679 • 135 E. Jasper Avenue • Granby, CO 80446 • Phone: (970) 887-2600 • Fax: (970) 887-3200 110 East 3rd Street, Suite 103 • Rifle, CO 81650 • Phone: (970) 625-1721 • Fax: (970) 625-1623 www.visionlandconsultants.com ‘IS S ION LAND) CMI and Structural Engineers. Construction Management & Progrom Management CONSULTANTS, INC. -FeF�Gary25, 2009 Mr. Josh Holbrook Weld County Public Works Department 1111 H Street, PO Box 758 Greeley, Colorado 80632 Re: KB Home Colorado Inc. "Idaho Creek Subdivision" Request for Phase 2 and 3 Acceptance Dear Mr. Holbrook Vision Land Consultants, Inc. on behalf of KB Home Colorado Inc. is formally requesting the acceptance and release of collateral for the following project: Idaho Creek Subdivision Phase 2 — Final Acceptance and full release of Letter of Credit #3075014 in the amount of $18.230.00. Idaho Creek Subdivision Phase 3 — Initial Acceptance and 85% reduction of Bond #SU501134 in the amount of $1,296,998.85 to be reduced to $194,549.83. KB Home would also like to start the process for final acceptance for Phase 3 and would like to discuss this process with you. Additionally, KB Home has active bond #SU5010143 in the amount of $346,006.00 for the Open Classroom Park. KB Home would also like Final Acceptance and full release of collateral for this bond. Please contact Katie Cooley at (720) 883-3832 if you have any further questions or concerns. Sincerely, Vision Land Consultants Inc. imikkuitout Katie Cooley Construction Manager on behalf of KB Home Colorado Inc. 603 Park Point Drive, Suite 100 • Golden, CO 80401 • Phone: (303) 674-7355 • Fax: (303) 674-3263 P.O. Box 679 • 135 E. Jasper Avenue • Granby, CO 80446 • Phone: (970) 887-2600 • Fax: (970) 887-3200 110 East 3rd Street, Suite 213 • Rifle, CO 81650 • Phone: (970) 625-1721 • Fax: (970) 625-1623 www.visionlandconsultants.com alf• wage. COLORADO August 26, 2009 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 Attn: Joy Padilla 10990 Wilshire Blvd. 5'" Floor Los Angeles, California 90024 RE: Cancellation and release of Collateral — Idaho Creek, Phase 2, KB Home of Colorado, Inc. Ms. Padilla; Attached hereto please find the Board of County Commissioners Resolution releasing the Collateral for Idaho Creek, Phase 2, KB Home of Colorado, Inc., in the amount of $18,230.00 and the original Irrevocable Standby Letter of Credit, issued by Bank of America, in the amount of $18,230.00. 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 .7 >2rL Donna J. Becr, Deputy Clerk to the Board 6dri Wilk COLORADO August 25, 2009 Attn: Doug Shelton KB Home of Colorado, Inc. 7807 E. Peakview Avenue, Suite 300 Centennial, Colorado 80111 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. 0. BOX 758 GREELEY, COLORADO 80632 RE: Cancellation and release of Collateral for Idaho Creek, Phase 2, KB Home of Colorado, Inc. Mr. Shelton: On August 24, 2009, the Board of County Commissioners approved the cancellation and release of Collateral, in the amount of $18,230.00, 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 Standby Letter of Credit # 3075014 has been returned to Bank of America. 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: / l�'2C/7,7 Donna J. BecFaler Deputy Clerk to the Board Bank of America DATE: MAY 9, 2005 IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER: 3075014 BENEFICIARY WELD COUNTY DEPARTMENT OF PLANNING 915 10TH STREET GREELEY, CO 80631 PAGE: 1 APPLICANT KB HOME COLORADO INC. 5975 SOUTH QUEBEC STREET SUITE 300 CENTENNIAL, CO 80111 AMOUNT NOT EXCEEDING USD 18,230.00 NOT EXCEEDING EIGHTEEN THOUSAND TWO HUNDRED THIRTY AND 00/100'S US DOLLARS EXPIRATION MAY 10, 2006 AT YOUR COUNTERS WE HEREBY ESTABLISH OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. 3075014 IN FAVOR OF THE WELD COUNTY DEPARTMENT OF PLANNING ("BENEFICIARY") AT THE REQUEST AND FOR THE ACCOUNT OF KB HOME COLORADO INC., FOR THE AMOUNT OF US$18,230.00. THIS LETTER OF CREDIT IS AVAILABLE BY YOUR DRAFT DRAWN AT SIGHT ON BANK OF AMERICA, N.A., ACCOMPANIED BY THE FOLLOWING DOCUMENTS: 1. THE ORIGINAL OF THIS LETTER OF CREDIT AND ANY SUBSEQUENT AMENDMENTS. 2. A WRITTEN STATEMENT SIGNED BY AN AUTHORIZED OFFICER OF THE BENEFICIARY INDICATING THE FULL NAME AND TITLE OF THE PERSON SIGNING AND STATING THE FOLLOWING: "WE HEREBY CERTIFY THAT A DEFAULT BY KB HOME COLORADO INC. HAS OCCURRED UNDER THE IMPROVEMENT AGREEMENT ACCORDING TO POLICY REGARDING COLLATERAL FOR IMPROVEMENTS CONTRACT AND WE HAVE NOTIFIED KB HOME COLORADO INC. BY CERTIFIED MAIL OR OVERNIGHT DELIVERY SERVICE OF SUCH DEFAULT." 3. COPY OF THE LETTER OF SUCH DEFAULT ADDRESSED TO KB HOME COLORADO INC. DATED AT LEAST THIRTY (30) DAYS PRIOR TO THIS DRAWING ACCOMPANIED BY A COPY OF CERTIFIED MAIL OR DELIVERY RECEIPT FROM COURIER SERVICE. PARTIAL DRAWINGS ARE NOT ALLOWED. THE AMOUNT OF THIS LETTER OF CREDIT MAY BE REDUCED WITHOUT AN AMENDMENT FROM TIME TO TIME, BUT ONLY UPON BANK OF AMERICA, N.A.'S ORIGINAL Hank of Americo. N A I rude Operations Meil Code CA9-70119-09 77 H. Bcaudry Avenue. 19th Floor. I os Angeles. CA 901117 00.1?{P_OINtiH 9-1999_CAn Id Bank of America sa PAGE: 2 THIS IS AN INTEGRAL PART OF LETTER OF CREDIT NUMBER: 3075014 RECEIPT OF A WRITTEN REQUEST FOR SUCH A REDUCTION FROM AN AUTHORIZED OFFICER OF THE BENEFICIARY. THE UNDERSIGNED SHALL HAVE NO OBLIGATION OR DUTY TO INVESTIGATE WHETHER OR NOT A DEFAULT HAS OCCURRED AND SHALL HAVE NO LIABILITY TO KB HOME COLORADO INC. IN SUCH REGARD. DRAFT UNDER THIS LETTER OF CREDIT SHALL BE MARKED "DRAWN UNDER IRREVOCABLE LETTER OF CREDIT NO. 3075014 DATED MAY 9, 2005 ISSUED BY BANK OF AMERICA, N.A. LOS ANGELES, AMOUNT OF DRAW: US$18,230.00". THIS LETTER OF CREDIT SHALL BE AUTOMATICALLY EXTENDED WITHOUT AMENDMENT FOR ADDITIONAL PERIODS OF ONE YEAR FROM THE PRESENT OR ANY FUTURE EXPIRATION DATE HEREOF UNLESS AT LEAST SIXTY (60) DAYS PRIOR TO ANY SUCH DATE WE SHALL NOTIFY THE BENEFICIARY IN WRITING BY OVERNIGHT COURIER SERVICE AT THE ABOVE ADDRESS THAT WE ELECT NOT TO CONSIDER THIS LETTER OF CREDIT EXTENDED FOR ANY SUCH ADDITIONAL PERIOD. THIS LETTER OF CREDIT SETS FORTH IN FULL THE TERMS OF OUR UNDERTAKING TO THE BENEFICIARY. SUCH UNDERTAKING SHALL NOT IN ANY WAY BE MODIFIED, AMENDED, OR AMPLIFIED BY REFERENCE TO ANY DOCUMENT OR INSTRUMENT REFERRED OR RELATED TO HEREIN AND ANY SUCH REFERENCE SHALL NOT BE DEEMED TO INCORPORATE HEREIN BY REFERENCE ANY SUCH DOCUMENT OR INSTRUMENT. EXCEPT AS EXPRESSLY PROVIDED HEREIN, THIS LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS (1993 REVISION), INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500 AND TO THE PROVISIONS OF COLORADO LAW. IF A CONFLICT BETWEEN THE UNIFORM CUSTOMS AND PRACTICE FOR DOCUMENTARY CREDITS AND COLORADO LAW SHOULD ARISE, COLORADO LAW SHALL PREVAIL. WE HEREBY ENGAGE WITH YOU THAT DRAFT DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS LETTER OF CREDIT WILL BE DULY HONORED IF PRESENTED AT OUR COUNTERS AT 333 SOUTH BEAUDRY AVENUE, 19TH FLOOR, MAIL CODE: CA9-703-19-23, LOS ANGELES, CA 90017-1466 ON OR BEFORE THE EXPIRATION DATE ESTABLISHED HEREIN OR ANY AUTOMATICALLY EXTENDED EXPIRATION DATE. IF YOU REQUIRE ANY ASSISTANCE OR HAVE ANY QUESTIONS REGARDING THIS TRANSACTION, PLEASE CALL 213-345-0132. AUTHORIZED SIGNATURE THIS DOCUMENT CONSISTS OF 2 PAGE(S). t9ERMANN SCHUTTERLE ORIGINAL Bank of'Amcnco N A TrackOpenmen, Mni1 Codc CA9-701-10.9 ]77 S. "undry Avenue, 1 OM 010oq Lox Angcic_ CA 911017 I NSb 9-1994 CA0 I Donna Bechler From: Sent: To: Subject: Shelton, Douglas [DShelton@kbhome.com] Wednesday, August 26, 2009 8:39 AM Donna Bechler RE: KB Home Collateral Donna, Please forward the original to Joy Padilla in our Treasury Department at the address below. Thanks! Doug Original Message From: Padilla, Joy M Sent: Wednesday, August 26, 2009 8:19 AM To: Shelton, Douglas Subject: RE: KB Home Collateral Hi Doug, Please have them forward the LC to me at the Corporate office: 10990 Wilshire Blvd. 5th floor Los Angeles, CA. 90024 Joy From: Donna Bechler [mailto:dbechler@co.weld.co.us] Sent: Tuesday, August 25, 2009 4:55 PM To: Shelton, Douglas Subject: KB Home Collateral Mr. Shelton, I am getting ready to send the Irrevocable Letter of Credit back to Bank of America, after releasing the collateral for Idaho Creek, Phase 2 - KB Home of Colorado on August 24, 2009. When I attempted to contact them about the collateral on June 18, 2009, (during the time we were checking all the collateral accounts), the letter was returned to me because the address on their Letter of Credit was undeliverable. Do you have a contact, or know the address for Bank of America, so that I can return the collateral to them? Your help would be greatly appreciated. 1 I am also sending you letters for both Phase 2 and Phase 3, stating the collateral has been released. Sincerely, Donna Bechler Deputy Clerk to the Board Consider the environment before printing this email. MY HOME MY EARTH ® fet COLORADO September 8, 2009 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 Bank of America Trade Operations 1000 West Temple St Los Angeles, California 90012 RE: Cancellation and release of Collateral — Idaho Creek, Phase 2, KB Home of Colorado, Inc. To Whom it may Concern; Attached hereto please find the Board of County Commissioners Resolution releasing the Collateral for Idaho Creek, Phase 2, KB Home of Colorado, Inc., in the amount of $18,230.00. The original Irrevocable Standby Letter of Credit, issued by Bank of America, was sent with a prior letter addressed to Ms. Padilla. 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: /(l%L"W itt 11..A1/211_„ Donna J. Bec er, Deputy Clerk to the Board �.h) QZu a 2of( on, t y .-26.7)K9 / ems' /7[ 7k AM e aktike<L) x;17 721 /1-atiett. -i rte as :�/ - iCe/- 7.19 c/1- Y,S 9/, Utz-LEX. It- . �� t /1,1,t,"( d/� yle/6/'. M:44 COLORADO September 8, 2009 CLERK TO THE BOARD PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 GREELEY, COLORADO 80632 Bank of America Trade Operations 1000 West Temple St Los Angeles, California 90012 RE: Cancellation and release of Collateral — Letter of Credit #3075014 — Idaho Creek, Phase 2, KB Home of Colorado, Inc. To Whom it may Concern; Attached hereto please find the Board of County Commissioners Resolution releasing the Collateral for Idaho Creek, Phase 2, KB Home of Colorado, Inc., in the amount of $18,230.00. The original Irrevocable Standby Letter of Credit, #3075014, issued by Bank of America, was sent with a prior letter addressed to Ms. Padilla. 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 Deputy Clerk to the Board z Aleti at, &9L /9/g /e f' d gee/at-Li Hello