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Home My WebLink About20070205.tiff iI RESOLUTION RE: APPROVE PARTIAL CANCELLATION AND RELEASE OF COLLATERAL FOR WATERFORD HILL PLANNED UNIT DEVELOPMENT FINAL PLAN, PF#1095-WHITE WOLF, LLC 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 August 9, 2006, the Board of County Commissioners approved a Planned Unit Development Final Plan, PF #1095, for White Wolf, LLC, 1719 East Mulberry, Fort Collins, Colorado 80524, for Waterford Hill Planned Unit Development for nine (9) lots with E (Estate)Zone uses on the following described real estate, to wit: Part of the SE1/4 of Section 31, Township 8 North, Range 67 West of the 6th P.M., Weld County, Colorado, and WHEREAS, on September 6, 2006, the Board of County Commissioners of Weld County, Colorado, approved an Improvements Agreement According to Policy Regarding Collateral for Improvements(Private Road Maintenance)for Waterford Hill Planned Unit Development, between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and White Wolf, LLC, with terms and conditions being as stated in said agreement, and accepted Irrevocable Standby Letter of Credit, CTCS-277311, drawn on JPMorgan Chase Bank, N.A.,c/o JPMorgan Treasury Services Global Trade Services, 10420 Highland Manor Drive, Tampa, Florida 33610, in the amount of$666,050.00, and WHEREAS, staff from the Weld County Departments of Planning Services and Public Works have conducted a visual inspection and recommend partial release of said collateral, in the amount of$388,962.00, retaining $277,088.00, and WHEREAS, upon the recommendation of staff, the Board deems it advisable to release said collateral. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado that collateral, in the amount of $666,050.00 be reduced by $388,962.00, retaining $277,088.00 to cover the remaining improvements, and BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby is, directed to reduce said collateral. 111111111111 VIII 111111111111 III' 11111111111111 IIII 101 3451763 01/30/2007 02:19? Weld County, CO 1 of 2 R 0.00 D 0.00 Steve Moreno Clerk& Recorder 2007-0205 PL1821 gam: �4a // � PIA), OL /-23-C7 CANCEL COLLATERAL -WHITE WOLF, LLC PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded,adopted by the following vote on the 22nd day of January, A.D., 2007. BOARD OF COUNTY COMMISSIONERS WE COUNTY, COLORADO ATTEST: tit_ht �, C t `•, id E. Long, Chair Weld Coun er the B.! .. J Wtllia ro-Tem BY: 41.4lerk the Board w W' ' m F. Garcia APPROVSO AS TO Z(5(, Robert D. Masden o my torney DA S.; o vL_ Douglas Iladema ber Date of signature: 1123161 111113451763 01/30/2007 0Y:1gp IIIIII III 111111111111 Weld County, CO 2 of 2 R 0.00 0 0.00 Steve Moreno Clerk& Recorder 2007-0205 PL1821 46( MEMORANDUM W `' le TO: Board FROM of Commissioners P alnnernlers� � 1/16/2007 COLORADO • SUBJECT: Partial Release of Collateral for PF-1095 (Waterford Hills PUD) On September 6, 2006 the Board of County Commissioners approved collateral in the form of an Irrevocable Standby Letter of Credit the amount of Six-Hundred Sixty-Six Thousand and Fifty Dollars ($666,050.00)for PF-1095 (Waterford Hills PUD). Collateral covered the following items: Site Grading estimate $ 117,000.00 Street base estimate $ 56,000.00 Storm Sewer Facilities estimate $ 9,250.00 Water Mains estimate $ 104,000.00 Street Signs estimate $ 1,000.00 Fencing Requirements estimate $ 64,500.00 Landscaping/Entrance estimate $ 46,142.00 Telephone estimate $ 44,320.00 Gas estimate $ 39,356.00 Electric estimate $ 42,850.00 Engineering and Supervision Costs estimate $ 50,000.00 Total Estimated Cost of Improvements and supervision $ 579,174.00 X 115% = $666,050.00 The applicants are requesting a partial reduction of collateral in the amount of Three-Hundred Eight-Eight Thousand and Nine-Hundred Sixty-Two Dollars ($388,962.00). If granted, this would leave a remaining collateral balance of Two-Hundred Seventy-Seven Thousand and Eight-Eight Dollars ($277,088.00) to cover remaining improvements. After review of the site, the Department of Public Works has verified that site and street grading, base and asphalt, on-site and off-site water system, phone, electric and 50% of engineering and supervision have been completed and the Department of Planning Services and Public Works recommend that this collateral be partially reduced. • SERVICE,TEAMWORK,INTEGRITY,QUALITY 2007-0205 The Land East Mulberry I rj d�� Fort Collins, Colorado 80524 Exchange 970-221-1428 January 11, 2007 Weld County Public Works Dept. Attn: Tracy Dyer, Lead Construction Inspector �t P.O. Box 758 Greeley, Co. 80632-o758 C 91 Dear Sir. This letter is requesting a reduction in collateral for Waterford Hill PUD in the amount of $388,962.00. Items complete are site and street grading, base and asphalt, on-site and off- site water system, phone, electric and 50% of the engineering and supervision. Enclosed are letters from Poudre Valley REA, North Weld County Water District, Qwest and KBN Engineers. Also enclosed is a copy of Exhibit"A"to the Subdivision Agreement showing the items to be released. Please call myself or Jerry Bragg with Schmidt Earthbuilders (566-5607) if you have any questions. Thank you. Sincerely, s Maw Barstow Manager White Wolf LLC 970-227-2725 Specializing in land development and real estate investments. TheLand 1719 East Mulberry I � Fort Collins, Colorado 80524 Exchange 970-221-1428 January 12, 2007 Chris Gathman Weld County Planning Dept. 918 10th St. Greeley, CO. 80631 Dear Chris, Enclosed is a copy of a letter to Weld County Public Works Dept. together with attachments concerning improvements completed at Waterford Hill P.U.D. We are requesting a reduction in our Standby Letter of Credit held by Weld County based on these completed items. I've also enclosed a copy of the Board of Commissioners Resolution whereby the Letter of Credit may be reduced rather than be replaced. Please schedule us to be on the agenda to consider this matter as soon as reasonably possible. Thank you. Sincerely, Mary Barstow Manager White Wolf LLC Specializing in land development and real estate investments. titotri MEMORANDUM TO: Chris Gatham, Planning Department DATE: 12-January-2007 FROM: Tracy Dyer, Engineering Lead Ispector, Public Works Department WIlD . COLORADO SUBJECT: MF#1095 Waterford Hills Planned Unit Development(Final Plat)Partial Collateral Request Weld County Public Works Department has reviewed final plan materials submitted to our office and has the following development referral comments. Comments ❑ The Public Works Department has received a request from the applicant, Mr. Mary Barstow, White Wolf LLC, requesting a partial release of partial collateral for on-site improvements pertaining to MF-1095 Waterford Hills Planned Unit Development in a letter dated January lit', 2007. I have observed and noted this project, with the assistance of the inspection staff and feel the work completed to date is acceptable. ❑ Public Works has reviewed the letter of request and feels that the request is in line with the work completed. The letter requests' that$388,962.00 from the original$666,050.00 be released.A collateral balance of$277,088.00 will be due upon approval for the remaining improvements to be completed. ❑ The applicant has yet to complete the following improvements: Storm Sewer Facilities, Street Signs, Fencing Requirements, Landscaping/Entrance and Gas.Those improvement are schedule for the Winter/Spring of 2007. ❑ The applicant has entered into Private Road Maintenance agreement with Weld County. Recommendation ❑ Public Works agrees with this request and all relevant supporting documentation has been received and is on file in Public Works. 'PC':ME-1060 Waterford Bills PM(Final Plat) Email&Original:Planner:Chris Graham PC by Post: Applicant:Mary Barstow. PC by Post: Engineer:KIN Engineers Dana R.Foreman Engineer of Record Page 1 of l EXHIBIT A' Name of Subdivision or Planned Unit Development:_Waterford Hill PUD • • Piling: Location: a part of the SE'A Section 31,Township 8 North. Range 67 West Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this Subdivision or Planned Unit Development the following improvements. (Leave spaces blank where they do not apply) Improvements Quantity Units Unit Estimated Construction Costs Cost Site grading 1 LS $117,000 Street grading Detention pond Street base _Jr? • 1 LS 56,000 Street paving Storm sewer facilities 1 LS 9,250 Water Mains 1 LS 104,00( Eire hydrants Street Signs I LS 1,000 Fencing requirements 1 LS 64,500 Iandscaping/Entrance 1 LS 46,142 Telephone I LS 4,756 Gas 1 LS 44,320 Electric 1 LS 39,356 U11-Site Water I LS 42,850 i SUB-TOTAL: $529,174 Engineering and Supervision Costs $ 50,000 5600 _ 25 C6 G 8 Poudrey REA' POUDRE VALLEY RURAL Valle c. ELECTRIC ASSOCIATION, INC. P.O. BOX 272550 7649 REA PARKWAY FORT COLLINS, CO 80527-2550 FORT COLLINS, CO 80528 Bus. Phone 970-228-1234 FAX 970-226-2123 800-432-1012 www.pvrea corn January 10, 2007 Tracy Dyer Lead Construction Inspector, Weld County RE: POUDRE VALLEY REA WO #39173; WATERFORD DILL SUBDIVISION Dear Mr. Dyer: Poudre Valley REA has received all necessary payments for the Waterford Hill Subdivision. All of the conduit and equipment bases have been installed. Poudre Valley REA will complete all final terminations by January 19,2007. This subdivision would have been completed in December of 2006 if not for all the snow the area has received. If you need any further information, please contact me. Sincerely, /f Terry Willis Senior Engineering Representative II\6nymnauClocrm WADYEM1.WAfEll}CWU HILL sub Lade.; � Your Touchstone Energy"Partner }(.n.c AN EQUAL OPPORTUNITY EMPLOYER I inHA -lvnnnJ F7T7977R/r. RF:t“ /ARZ/RT/TR BOARD OF DIRECTORS NORTH WELD COUNTY WATER DISTRICT CHARLES ACHZIGER 33247 HIGHWAY 85 • LUCERNE, CO 80646 RALPH PRIOR DON POSSELT, DISTRICT MANAGER JOHN JOHNSON �� 444rrrr CE BUCK RINEHART AsaPO. BOX 56 • PHONE (970) 356-3020 • FAX (970) 395-0997 NELS NELSON www.nwcwd.org • e-mail: water@nwcwd.org December 27, 2006 White Wolf, TLC Attn: Mary Barstow 1719 E Mulberry Street Fort Collins, CO 80524 Re: Conditional Acceptance Waterford Hill PUD Dear Mr. Barstow: North Weld Water District hereby acknowledges that, as a result of visual inspection, receipt of engineering documentation, construction, and installation of the water line at Waterford I lill PUD, all requirements have now been met for conditional acceptance of water system improvements as constructed for the Waterford Hill PUD project located in the Northeast (NE 'A) of the Southeast Quarter (SE 'A) of Section 31, Township 8 North, Range 67 West of the 6" P.M. As of the date of this letter, a two-year warranty period shall commence on the subject water line improvements. The improvements are now also approved for service upon completion of a tap agreement and payment of all fees, costs and expenses and/or dedication of water, if required. During the two-year warranty period, any repair or maintenance of the improvements shall be the responsibility of the developer. Please note that this approval is for water line improvements only, which includes all delivery lines and lines up to the meters. Individual water service from meters to each individual residence is not the responsibility of the District. Furthermore, please note that such conditional acceptance does not extend to any associated soils compaction. Final approval, dedication and acceptance of these improvements are then projected for December 27, 2008. Respectfully, • Alan Overton District Engineer i-1 -07. 1 :0RPM;tsnclmark Designs ;s4I7S7o0T': it I Qwest • Splrtt pl Service' 1/11/2007 White Wolf,LLC Mary Barstow 1719 E.Mulbery St. Ft.Collins,CO 80524 Subject: Waterford Hill This letter is to advise you that Qwest telephone lines have been placed and spliced to the specifications required by Qwest Communications,and is ready for service. If you have any further questions,please contact me on 303-451-2390. Sincerely, Donna R Mastriona Senior Design Engineer LDA'S Li 10 DA ENG1NEERSI January 11. 2007 White Wolf, LLC Attention: Mary Barstow 1719 E. Mulberry Street Fort Collins. CO 80524 Re: Inspections Dear Mr. Barstow, Ketterling, Butherus & Norton Engineers, LLC, has made an on-site inspection of the construction of Waterford Hill PUD and found the following items appear to be constructed according to the Waterford Hill PUD Construction Drawings: • Roadway Section • Asphalt Paving and Gravel Shoulders • Site Grading • Water Line • Water Line Valves • Fire Hydrants • Entrance Median Curb and Gutter • Detention Pond Concrete Weir • Silt Fence The construction plans utilized for this subdivision were documents that were approved by Weld County. Dana R. Foreman, PE Registered Professional Engineer ed.-ft-4)1 State of Colorado No. 38071 Ketterling, Butherus ft Norton Engineers, LLC, 820 8"' St. / Greeley, Colorado 80631 / ph 970.395.9880 / fax 970-395-9881 CLERK TO THE BOARD ' PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO January 23, 2007 RITA GLASER VP, CHASE SMALL BUSINESS FINANCIAL SERVICES 2000 SOUTH COLLEGE AVENUE FORT COLLINS, COLORADO 80525 RE: Partial cancellation and release of Collateral -Waterford Hill Planned Unit Development Plan - White Wolf, LLC To Whom It May Concern: Attached hereto please find a copy of the Board of County Commissioner's Resolution approving the partial cancellation and release of collateral, in the amount of$388,962.00, and retaining $277,088.00 to cover the remaining improvements. If you have questions or need additional information, please do not hesitate to contact me at (970) 356-4000, Extension 4217. Very truly yours, BOARD OF COUNTY COMMISSIONERS By: ? Donna J. Bec er, Deputy Clerk to the Board * t TRANSACTION REPORT P. O1 * JAN-23-2007 TUE 11 :56 AM * * * * FOR: WELD CO GOVT 9703520242 * * * DATE START RECEIVER TX TIME PAGES TYPE NOTE M# DP * * * * JAN-23 11 :55 AM 94938765 55" 3 SEND OK 739 * * * * * * TOTAL : 55S PAGES: 3 * * * XtX#Xt**** ********tYYYIX****t:K*************tXt:Kl **********************:KIK******n*************x*tttx ill FAX TRANSMISSION it`r 14;\ VII Vt WELD COUNTY CLERK TO THE BOARD COLORADO Fax: 970-352-0242 Phone: 970-356-4000, ext.4227 To; Mary Barstow Date: January 23, 2007 Fax: 970-493-8765 Pages: 3 (with cover) Phone: From: Donna Bechler Clerk to the Board Subject: Resolution regarding release of collateral Hello