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Home My WebLink About20060421.tiff 239 RESOLUTION RE: APPROVE PARTIAL CANCELLATION AND RELEASE OF COLLATERAL FOR NESTING CRANE RANCH - STENERSON, OLSON AND LOWRY DEVELOPMENT, 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 May 11, 2005, the Board approved the application of Stenerson,Olson and Lowry Development, LLC,3040 South Newcombe Way, Lakewood,Colorado 80227,fora Planned Unit Development Final Plan, PF#1000 on the following described real estate, to wit: W1/2 W1/2 NE1/4 of Section 30, Township 3 North, Range 68 West of the 6th P.M., Weld County, Colorado, and WHEREAS, on June 15, 2005, the Board of County Commissioners of Weld County, Colorado, approved an Improvements Agreement According to Policy Regarding Collateral for Improvements(Public Road Maintenance)for Nesting Crane Ranch, between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and Stenerson,Olson and Lowry Development, LLC,with terms and conditions being as stated in said agreement, and accepted collateral in the total amount of$445,139.00, and WHEREAS,the Board subsequently,through Resolutions#2005-3396 dated November21, 2005, and #2005-3681 dated December 21, 2005, released collateral to the applicant as improvements were completed, and WHEREAS,the Board is currently holding cash collateral,in the amount of$16,891.00,and WHEREAS, staff from the Weld County Departments of Planning Services and Public Works have conducted a visual inspection and recommends a partial release of said collateral, in the amount of$6,255.00,retaining 15 percent($10,636.00)fora one-year period as paving warranty, 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 a portion of collateral being held,in the amount of$6,255.00 be,and hereby is, cancelled 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. 111111111111111111111111 I 111111111111III11111 2006-0421 3369239 03/09/2006 01:04P Weld County, CO PL1740 1 of 2 R 0.00 D 0.00 Steve Moreno Clerk& Recorder PP Pt , C� ccoo o3--10-0C_ CANCEL COLLATERAL - STENERSON, OLSON AND LOWRY DEVELOPMENT, LLC PAGE 2 The above and foregoing Resolution was,on motion duly made and seconded, adopted by the following vote on the 8th day of February, A.D., 2006. 1 / �`BOARD OF OUNTY COMMISSIONERS A J ` ELD C� 4 TY, COLORADO _ ,/ ATTEST: ��rnau4 '��l;, � /.,� - f♦��I; , :✓ 'J W . J. -• -, Chair Weld County Clerk to the �` OC BY: (1,1 ') Vail�C David E. Long, -ro-Tem putyCI rktotheBo- d ,'N-11/472 Willi H. Jerke AP D AS • s Rob`e� D. Made unty Attorney � Vaad Glenn�n Vaa Date of signature: 7/2g( o 1111111 VIII VIIIIIIIIIIVIIIIIII111111IIIVIIIIIIIIIII 3367563 03/03/2006 11:49A Weld County, CO 2 of 2 R 0.00 D 0.00 Steve Moreno Clerk& Recorder I111111VIII ill till III1111111VIIIIIIVIII1111I111 3369239 03/09/2006 01:04P Weld County, CO 2 of 2 R 0.00 D 0.00 Steve Moreno Clerk& Recorder 2006-0421 PL1740 Ai(10( MEMORANDUM TO: Board of County Commissioners January 31, 2006 wine COLORADO FROM: Jacqueline Hatch SUBJECT: PF-1000, Nesting Crane Ranch PUD The applicant for PF-1000, Stenerson, Olson & Lowry Development LLC c/o Jeff Olson has submitted the attached revised landscape plan. The applicant is requesting that the remaining collateral be released. Stenerson, Olson & Lowry Development LLC will provide a cash collateral for the paving warranty in the amount of ten thousand and six hundred and thirty six dollars ($10,636.00). The Final PUD (PF-1000) was accepted by the Board of County Commissioners on May 11, 2005 The original Improvements Agreement in the amount of four hundred forty five thousand, one hundred and thirty nine dollars ($445,139.00) was approved by the Board of County Commissioners on May 11, 2005. A partial release of collateral was approved on November 21, 2005 retaining one hundred and eight thousand, nine hundred and ninety one dollars and eighty one cents ($108,991.81) to complete the work on site and 15% for a paving warranty. A second partial release of collateral was approved on December 21, 2005 retaining sixteen thousand eight hundred and ninety one dollars ($16,891.00) for remaining landscaping items and a paving warranty. The Department of Planning Services is in support of a partial release of collateral in the amount of six thousand two hundred and fifty five dollars ($6,255.00) for the items that have been completed on site. The Department of Planning Services request that the remaining collateral in the amount of ten thousand and six hundred and thirty six dollars ($10,636.00) as a paving warranty be retained for the one year. Thank you 2006-0421 VI V1 K ' 1.%iv C o m c A o o ... l7 5 S * * � * * 4, S o C a/ W H c a H N El' m p e ^in a ^troop,^ N c a 8 V . O: a rhoO.Y Vp' '6 =122 ° a CC ` aN •, VCOMO C .a Q ZaRN 6Ja � np.dC O � ~ 6vry O N O ¢ -O Cd .. NJmJ "^ U2 U' vni Z - ogm O ni N E c P.= 22Q- y a g ID a a w a m N t N tr.) O E._ c 'oO o ` A c o _ _ i° _ u a N sm U T a- u CLL N = a cif; VI vla � 'na Q E g En, 3 i o 10 vi LL Z g A a q Y L „ C Mc a, c ai E `o'o .v ° ya ti A CC q a m C 0 a E W a ._ V C m O Z 1 O Z O n"j .-- -c nei M � � � 1554 O 1pV m — p J v O J L yan< V Co W vu c O V CI N d RI �- Q a O O.. 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V m M ' C) p "' :51) 10 Jzo $ o ®® likir: aao0 0 1 _0 '2 3 s ' 99 AVMHDIH 31tl1S OOVBOIOJ -�� . Q CLERK TO THE BOARD ' PHONE (970) 336-7215, Ext. 4225 FAX: (970) 352-0242 P. O. BOX 758 C. GREELEY, COLORADO 80632 COLORADO March 1, 2006 Stenerson, Olson and Lowry Development, LLC ATTN: Jeff Olson 3040 South Newcombe Way Lakewood, Colorado 80227 RE: Cancellation and release of Collateral To Whom It May Concern: Attached hereto please find a copy of the Board of County Commissioner's Resolution approving the cancellation and release of collateral, as referenced above. Also enclosed is the Weld County Warrant, in the amount of$6,225.00 and a check from the Weld County Revolving Fund account in the amount of$30.00. Sorry for the delay in processing the release. If you have questions or need additional information, please do not hesitate to contact me at(970) 356-4000, Extension 4217. Very truly yours, • .77oyta�ng Carol A. Harding, Deputy Clerk to the Board End. ©6- ©V3� Pi--1I n7 • • • • • S2020 .r.,o county.Colorado .uuueR 3194239 INVOICE EMBER: INVOICE INVOICE ELEMENT OR ADDITIONAL',. NET OR REVERENCE DATE AMOUNT DEDUCTIONS AMOUNT ::AMODNT 20060421 02/27/06 6,225.00 .00 .00 6,225.00 C NI • _ I_ • + REMOVE DOCUMENT ALONG THIS PERFORATION • + THIS s.CUMENT IS RINTE' IN TW• C^L9^S.I�• 'I.T ACCEPT UNLESS :LUE ANs : •WN ARF PFSfEP'T vp (,s I it 1 IIt t 31 35t, R S if l ''tl'1 ' N� d nn +T sr �"' a '4 , I 0( $ $y Order The?loard';y��ig�t�'y 7r�5pYpp1o1 . ' u a 1� xv i opi'mrtr o to ur4 eyM V u. ih y,m .iii ill' p O•11O e'y�gs , 'sal v 01^ A\b p ,,,pDt.l,'irlskonigrEr I4u �J1 c �— g Id° ��. • B IY B dl iM u!' w a,i v N °N*RCEY�E4Ifilm i �Vy GREELEY O) (970)356-4000 FAX. 70)3 2 EAX ExACTLY F s a 4 ° 5 ni Ina VIT1 R 10MVi nIi�� f' ***M s y � a _ WT a0 .pdry��4�� ,a,,p�;y��,,� �� t yyµµ��I DATE03103/06 'VOEhffi s CA9IffO'@F`WDA9S 7, 8 c m y�Th 4,1,01 d �dttc Dollus Add No Coms y W II`,,:PAY'1X) '11IE^QI(DER;OF ra ni�w ipl �'i ii Iwi� 9 NI rji `.,i _ 6 STENERSON,OLSON AND LOWREY'DEVELOPMENT LLG yi e� W IRMA ARROC CORNY COMM SPORRAN 3040 SOUTH`NEWCOMBE'WAY . V '.Y ��iI 'u' i'i�V _• `LAKEWOOD 0080221 m3 L94 239u• I: i0 2 1009 181: 80 L 2700848v c, i Weld County,Colorado 915 10th Street P.O.Box 758 =y Greeley,CO 80632 Z ow i mm 0 mm u0- z70 nR GTm n F' Zw z w ii � m C7 C N> = z STENERSON OLSON AND LOREY DEVELOPMENT LLC a W o u w 3040 SOUTH NEWCOMBE WAY p1.1 ii n z 0 o LAKCEVVOOD CO 80227 N 14344, WELD COUNTY GOVERNMENT REVOLVING FUND 915 10TH STREET GREELEY, CO 80631 356-4000,EXT.4441 s ;/tC[/I / 2O O L, 23-7/1020 PAY TO THE ORDER OF r o .1 X:41/12' C.0.u.frni ; dr"C-Dt11�;v1p* $mil`%. bU - UL6 yam• 4 v 1/3- / (t) - DOLLARS WELLS FARGO BANK WEST,N.A. GRAND JUNCTION,COLORADO /l FOR Lt-t ffl ' 1 NP VD Li. 3G4ii' I: 10 2000076i:44 28004 Wrii. Hello