HomeMy WebLinkAbout20081719.tiff 126
RESOLUTION
RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL FOR SITE PLAN
REVIEW, SPR #408 - APOLLO, LLC, C/O KEVIN CONLON
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 approved the
application of Apollo, LLC, c/o Kevin Conlon, 13750 Deere Court, Longmont, Colorado 80504, for
Manufacturing, Indoor Construction,Storage,Shop Offices,Warehouse,and Retail and Wholesale
Sales on the following described real estate, to wit:
Lot 10, 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 August 27, 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 Apollo, LLC, do Kevin Conlon
with terms and conditions being as stated in said agreement, and accepted Irrevocable Standby
Letter of Credit No. 6029, drawn on Centennial Bank of the West, 4650 Royal Vista Circle,
Fort Collins, Colorado 80528, in the amount of$184,808.00, 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 Irrevocable Standby Letter of Credit No. 6029, drawn on Centennial Bank
of the West, in the amount of $184,808.00 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.
I 1111111111 111111 111111 III 111111 111111 III 11111 llll I'll
3567726 07/22/2008 03:53P Weld County, CO
1 of 2 R 0.00 0 0.00 Steve Moreno Clerk & Recorder
2008-1719
PL1923
('e- : AAo1lo/ /l)& ,7c l`:a)t,»n61 Jt,J L1 O 7 -
CANCEL COLLATERAL -APOLLO, LLC, C/O KEVIN CONLON
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 16th day of June, A.D., 2008.
BOARD OF COUNTY COMMISSIONERS
flu/ I��A La
" WELD COUNTY, COLORADO
ATTEST: ,I�/ //,. q ; GL,
�1MI ''4t64 a, Wi 'am H. Jerke, Chair
Weld County Clerk to t ! B. at,
'' tl/ �;AN. Robert a asden, Pro-Tem
Deg" ty Cler o the Board 1..-b ,�,
Wi a L:Garcia
JP D AS, RM:
David E. Long
Coun y Attorney
ougla ademach r
Date of signature: 6211(Pkt
I111111VIII IIIIIIVIIII III 111111 DIE III 11111IIII1111
3567726 07/22/2008 03:53P Weld County, CO
2 of 2 R 0.00 D 0.00 Steve Moreno Clerk & Recorder
2008-1719
PL1923
‘it , Avig MEMORANDUM
�. TO: Board of County Commissioners June 10, 2008
COLORADO FROM: Jacqueline Hatch
SUBJECT: Site Plan Review 408, Apollo LLC
The applicant for SPR-408, Jerry Johnson has submitted the attached e-mail dated May 14,
2008 and June 3, 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-408 was administratively approved by the Department of Planning Services on
February 14, 2007.
Staff is recommending that the request for release of collateral for one hundred and eighty four
thousand eight hundred and eight dollars ($184,808.00) be approved at this time since the site
is in compliance with the Weld County Code and the recorded SPR-408 plat.
•
IND
)
C.)
2008-1719
Jacqueline Hatch , f
From: Don Dunker
Sent: Tuesday, June 10, 2008 3:03 PM
To: jjohnson@maverickinc.biz
Cc: Jacqueline Hatch; Don Dunker; Davic er; Donald Carroll; Kim Ogle
Subject: SPR-408 - Update
Jerry,
After consulting with Planning and Dave Bauer, Weld County Engineer P Works will
agree to release 100% of all Public Works related items. You must un..derccand that Lot 9
will require erosion control and safety mitigation until all of the :.._nf .nis-ed Stems are
completed. You agreed to do this continued maintenance in an ear'__.Flr _mai: dated June 3,
2008 .
Once development of lot 9 resumes these unfinished items (t<: sets of inlet cp.rates and
curb and gutter and one complete inlet installed at the NF _orner of the loft will be
required to have collateral posted for them. All other r.=,w construction hams for lot 9
will also require collateral being posted per a new Pri-.a,:e Road Maintera-cce Agreement and*
Exhibit "A" signed between the Developer of the lot a....-. the County.
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
Jacqueline Hatch
From: Jacqueline Hatch
Sent: Tuesday, June 10, 2008 3:08 PM
To: Jacqueline Hatch
Subject: FW: SPR-408
Original Message
From: Jerry Johnson [mailto:jjohnson@maverickinc.bi
Sent: Monday, June 09, 2008 2 :03 PM
To: Jacqueline Hatch
Subject: FW: SPR-408
This is what I sent Don on the June 3, 2008.
Thank you,
Jerry Johnson
Maverick Enterprises, Inc.
4051 Camelot Circle
Longmont, CO 80504
Direct 970 535-3206
Main 970 535-9199 ext 3206
Fax 970 535-9299
http://www.maverickinc.biz/
jjohnson@maverickinc.biz
Confidential statement: This e-mail message and am .accompany.-' :.g documents contain
information that is privileged, confidential and ir ended only for the use of the sb=-. r.
named recipient. If the reader of this message not the intended recipient, you a
hereby notified that any dissemination, distribr in, printing or copying of this me3;4t4,..;,_;
is prohibited. If you have received this mess de in error, please immedia' of A.c:gZu :
by telephone or return the e-mail message to !.... Thank you.
Original Message
From: Jerry Johnson
Sent: Tuesday, June 03, 2008 7 :55 AM
To: 'Don Dunker'
Subject: RE: SPR-408
Don,
Apollo LLC has purchased lot 9 which is north of lot 10 . v, 11 m _stain the lot
inlets as needed. There is no plan to develop lot 9 at i ,_ J time. .y name and numb -
listed below. I work for Maverick Enterprises, Inc and. '@_Jollo L?. . so this is the c
information.
Thank you,
Jerry Johnson
Maverick Enterprises, Inc. _
4051 Camelot Circle
Longmont, CO 80504
Direct 970 535-3206
Main 970 535-9199 ext 3206
Fax 970 535-9299
http://www.maverickinc.biz/
jjohnson@maverickinc.biz
1
- message and a - accompanying Confidential stat
ement: This e-mail mes 2, documents contains g I
information that is privileged, confidential and :,:_ended only for the use of the abam
named recipient. If the reader of this messag,_, s not the intended recap , . you a
hereby notified that any dissemination, distr Trion, printing or copying
is prohibited. If you have received this me.- .aate in error, please immer'__.. n. ._i. _y
by telephone or return the e-mail message to r.-. . Thank you. ;1 .
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er IS. i
CLERK TO THE BOARD
PHONE (970)336-7215, Ext. 4225
FAX: (970) 352-0242
P. O. BOX 758
C. GREELEY, COLORADO 80632
COLORADO
June 17, 2008
ATTN; KEVIN CONLON
APOLLO, LLC
13750 DEERE COURT
LONGMONT, COLORADO 80504
RE: Cancellation and release of Collateral for Apollo, LLC
Mr. Conlon:
On June 16, 2008, the Board of County Commissioners approved the cancellation and release of
collateral for SPR#408, in the amount of$184,808.00, 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 Irrevocable Letter
of Credit has been returned to Centennial Bank of the West.
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
/2
By: '
o na J. Bech
Deputy Clerk to the Board
cc: Jerry Johnson
, p
ilite
CLERK TO THE BOARD
PHONE (970)336-7215, Ext. 4225
FAX: (970) 352-0242
P. O. BOX 758
C. GREELEY, COLORADO 80632
COLORADO
June 17, 2008
ATTN; CHRISTOPHER MCVAY
ASSISTANT VICE PRESIDENT
CENTENNIAL BANK OF THE WEST
4650 ROYAL VISTA CIRCLE
FORT COLLINS, COLORADO 80528
RE: Cancellation and release of Collateral - Apollo, LLC
To Whom it may Concern:
Attached hereto please find the Board of County Commissioners Resolution releasing the
collateral for Apollo, LLC, and the original Irrevocable Letter of Credit issued by Centennial
Bank of the West issuing collateral, in the amount of$184,808.00.
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
y
By: Z %ty ,
Donna J. Becbter,
Deputy Clerk to the Board
° e
e'
ey
e
y
e,"( o °a` CENTENNIAL
y'Yaea•G°O{`r \ ,,°e Bank of the West
e
;a°� °� �° IRREVOCABLE STANDBY LETTER OF CREDIT
y1�y NO. 6029
�
i .9e4v
� DATE OF ISSUE: August 9, 2007
AMOUNT: $184,808.00
EXPIRY DATE: August 9, 2008 at our counters 3:00PM
Beneficiary:
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
P.O. Box 758
Greeley, CO 80632
Gentlemen:
We hereby issue our Irrevocable Standby Letter of Credit for the account of
APOLLO, LLC, ("Customer") 13750 Deere Court, Longmont, CO 80504 in your
favor in the aggregate amount not exceeding ONE HUNDRED EIGHTY FOUR
THOUSAND EIGHT HUNDRED EIGHT AND 00/100THS US Dollars
(USD$184,808.00).
Funds under this credit are available with CENTENNIAL BANK OF THE WEST by
payment against presentation of your sight draft(s) drawn on us, at our office, on or
before the expiry date when accompanied by the following:
1. This Original Letter of Credit.
2. Statement, purportedly signed by an authorized representative of the Board of
County Commissioners of Weld County, Colorado stating that: "Apollo, LLC has
failed to complete their obligations as specified in that certain Agreement between
Apollo, LLC and the Board of County Commissioners of Weld County and that
Weld County is entitled to draw on this Letter of Credit".
This statement, signed by the beneficiary pursuant to the preceding paragraph, shall
be conclusive to such matters.
This Letter of Credit is automatically extended without amendment, for additional
one year periods from the current expiration or any future expiration date unless at
least sixty (60) days prior to such current expiration date CENTENNIAL BANK OF
THE WEST notifies the Beneficiary in writing that the Letter of Credit will not be
renewed. In the case you receive such a notification, you may draw by presentation
of the following: (a) a draft a sight on CENTENNIAL BANK OF THE WEST; (b) a
statement purportedly signed by an official of the Board of County Commissioners
Page 2
IRREVOCABLE LETTER OF CREDIT
NO. 6029
This page shall be attached to and become an integral part of the above referenced
Letter of Credit
of Weld County, Colorado stating that we have received notice from CENTENNIAL
BANK OF THE WEST the Letter of Credit No.6029 will not be renewed and that
APOLLO, LLC has failed to provide proof of adequate collateral and substitution of
this Letter of Credit No.6029; (c) copy of letter from CENTENNIAL BANK OF
THE WEST stating non-renewal of Letter of Credit No.6029 with the original Letter
of Credit.
Except as otherwise expressly stated herein this credit is subject to the Uniform
Customs and Practice of Documentary Credits (2007 Revision) International
Chamber of Commerce, Publication 600.
Any draft presented must bear the words "Drawn under CENTENNIAL BANK OF
THE WEST Irrevocable Letter of Credit No. 6029 dated August 9, 2007".
In case of cancellation of this Letter of Credit prior to expiration, the original of this
Letter of Credit must be returned to us for cancellation with a statement purportedly
signed by the beneficiary stating that: "This Letter of Credit is no longer required by
us and is hereby returned to the issuing bank for cancellation".
Please address all communications regarding this Letter of Credit to the attention of
Centennial Bank of the West, 4650 Royal Vista Circle, Fort Collins, CO 80528,
mentioning specifically our Irrevocable Letter of Credit No. 6029, issued for the
account of APOLLO, LLC.
We hereby agree with drawers and endorsers, and bona fide holders of drafts
negotiated under this Letter of Credit that the same shall be duly honored upon
presentation and delivery of the documents as specified above.
Sincerely,
CENTS BANK OF THE WEST
on.
Christopher McVay
Assistant Vice President
GUARANTY BANK
AND TRUST COMPANY-
Notice of Non-Renewal
Date: June 9, 2008
To: BOARD OF COUNTY COMISSIONERS
WELD COUNTY, COLORADO
P. O. Box 758
Greeley, CO 80632
RE: Letter of Credit No. #6029
Applicant: APOLLO, LLC
Original Amount: $184,808.00
Current Amount: $184,808.00
To Whom It May Concern:
We hereby give you notice that our Irrevocable Letter of Credit No. 6029
issued in your favor in the amount $184,808.00, will not be renewed and will
therefore expire full and final on AUGUST 9, 2008.
This Letter complies with the terms of the Letter of Credit, which require that we give
you at least 60 day's prior notice of non-renewal.
Sincerely,
GUARANTY BANK AND TRUST COMPANY
(Q0_16-4-ni (16'1,
Deborah A. Carter
Letter of Credit Administration Officer .
LUG
C: Apollo, LLC
GBT— Larry Stauss I--r.
Denver Metro 303-293-5500•Northern Colorado 970-454-4220 • www.guaranryhankco.com
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