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Home My WebLink About20082200.tiff 2= RESOLUTION RE: APPROVE PARTIAL CANCELLATION AND RELEASE OF COLLATERAL FOR SITE PLAN REVIEW, SPR#409 - ZEEK PARTNERSHIP, LLLP, CIO 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,on February 14,2007,the Department of Planning Services staff approved Site Plan Review, SPR #409, for Zeek Partnership, LLLP, c/o 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, c/o 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, on August 13, 2008, staff from the Weld County Departments of Planning Services and Public Works recommended retaining said collateral until a new form of collateral, in the amount of$24,533.29, is submitted as a one-year warranty. 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 Colorado Business Bank, in the amount of$163,555.24 be, and hereby is, canceled and released, at such time as replacement collateral, in the amount of$24,533.29, is received by the Clerk to the Board and accepted by the Board of Commissioners. 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. 1 11111 11111 111111 /iii 11111111111111111 III 11111 /iii /iii 2008-2200 3576299 09/04/2008 11:10A Weld County, CO PL1903 1 of 2 R 0.00 D 0.00 Steve Moreno Clerk& Recorder CANCEL COLLATERAL - ZEEK PARTNERSHIP, LLLP, CIO TED DRYSDALE PAGE 2 The above and foregoing Resolution was,on motion duly made and seconded, adopted by the following vote on the 13th day of August, A.D., 2008. BOARD OF COUNTY COMMISSIONERS WELD COUNTY, COLORADO ATTEST: Ltki , q iss��' "� William H. Jerke, Chair Weld County Clerk to th-1;o. . ek EXCUSED Robert D"7Mas Pro-Tem BY: Deputy Clerk t the Board Wil • F. Garcia A OV AS TO David E. Long y Att rney ,,/, Douglas ademacher � �i Date of signature: 28,20 1111111 11111 111111 IIII 111111 11111111111 III 11111 1111 1111 2008-2200 3576299 09/04/2008 11:10A Weld County, CO PL1903 2 of 2 R 0.00 D 0.00 Steve Moreno Clerk & Recorder 440tr1 MEMORANDUM W M` C TO: Board of County Commissioners August 6, 2008 COLORADO FROM: Jacqueline Hatch-Drouillard SUBJECT: Site Plan Review 409, Zeek Partnership The applicant for SPR-409, Zeek Partnership care of Ted Drysdale has submitted the attached e-mail dated June 18, 2008. The applicant is requesting a full release of collateral. The Departments of Planning Services and Public Works have conducted a site visit for compliance and finds that the site is in compliance with the recorded plat. The SPR-409 was administratively approved by the Department of Planning Services on February 14, 2007. The collateral was approved by the Board of County Commissioners on June 18, 2007 in the amount of one hundred and sixty three thousand five hundred and fifty five dollars and twenty four cents ($163,555.24)for improvements to the site. Staff is recommending that per the Private Improvements Agreement a new Private Improvements Agreement and form of collateral be submitted for the 15% warranty. 15% of the collateral is twenty four thousand five hundred and thirty three dollars and twenty nine cents ($24,533.29). Prior to the release of collateral staff is recommending that a new Private Improvements Agreement and a new form of collateral in the amount of $24,533.29 be submitted and approved. 2008-2200 Jacqueline Hatch From: Ted Drysdale [ted@alfaconstruction.net] Sent: Wednesday, June 18, 2008 12:31 PM To: Jacqueline Hatch Cc: gait.anderson@alfaconstruction.net Subject: SPR 409 Jacqueline At this time we are requesting release of out letter of credit on Lot 7 block 2 of the I-25 Business park also know as 4057 Camelot circle Longmont Co. 80504 For the amount of $163, 555.24 Thank you, Ted Drysdale Zeek Partnership LLLP 1 i Jacqueline Hatch From: Don Dunker Sent: Thursday, June 19, 2008 2:44 PM To: Jacqueline Hatch Cc: Don Dunker; David Bauer Subject: SPR-409 Attachments: P6190004.JPG; P6190001.JPG; P6190002.JPG; P6190003.JPG P6190004JPG(3 P6190001.JPG(5 P6190002.JPG(3 P6190003.JPG(4 MB) MB) MB) MB) Jacqueline, The site is acceptable to public works; the initial collateral release is okay to release. 15e should be held for the 1-year warranty period. There were a couple of items that need attention: 1) The outlet structure on the south side near the middle of the pond is undercutting and will require repair. 2) The gutter pan in front of the trash enclosures has a crack it should be caulked with an industrial silicon caulk to prevent further damage. 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@co.weld.co.us 1 i . a 1� : . } a ,: �. 't 'a e< y IMP 5 `Pcd.„,, . 4 , %%9 N , ,, i .,:, �• . I SIN .Ni . 1 1 • it-I, ," fir .'11 / �, • I I • 7 4 E )� ,} • I . I 1 ..„4, �l _ It*4 ,V { , , 'tea. ; 4 l e - It? 4• .. re. ti. a irj/ , • - 1/4 • i •1 �► a `• ,' ,� ,� - {., , . f , . Os • 1 , �1 1 I I v >r_ alt } A d • or . t r.•,f. 1.' • jY, , s •3%� . � �,f / - tit ��+. , J kr • • .,„ , t " 1c• , -may 4,1,4 I. 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IL 116 ' - • 5i 1'1 91 '•' • ' it 1 4 ' , , r a j 1 1 -• • 0 '0 .*� •ylj 1�4•�I '� '�(J ' 1. 1!ND' nI. r , N At Jennifer VanEgdom From: Bruce Barker Sent: Wednesday, August 13, 2008 9:56 AM To: Jennifer VanEgdom Subject: SPR #409 Add to the NOW, THEREFORE, BE IT RESOLVED paragraph the following : " . . . , at such time as replacement collateral in the amount of $24,533.29 is received by the Clerk to the Board ." EXHIBIT t , cec - a 1 Hello