HomeMy WebLinkAbout20023038.tiff 041 RESOLUTION
RE: APPROVE IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING
COLLATERAL FOR IMPROVEMENTS (PRIVATE ROAD MAINTENANCE),
AUTHORIZE CHAIR TO SIGN, AND ACCEPT FORM OF COLLATERAL FOR
AMENDED SITE PLAN REVIEW, SPR#99 - MOBILE HOME SERVICES
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 October 1, 2002, the Department of Planning Services staff approved an
amended Site Plan Review, SPR#99, for Mobile Home Services, 135130 Weld County Road
16, Fort Lupton, Colorado 80621, for a Facility for Storage and Wholesale Sales of Mobile
Homes on the following described real estate, to-wit:
Lot B of Recorded Exemption #296, being part of
the NW1/4 of Section 32, Township 2 North, Range
66 West of 6th P.M., Weld County, Colorado
WHEREAS, pursuant to certain Conditions of Approval, the Board has been presented
with 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 Mobile Home Services, with terms
and conditions being as stated in said agreement, and
WHEREAS, the Board has been presented with Irrevocable Letter of Credit#265 from
The First National Bank of Strasburg, P.O. Box 536, Strasburg, Colorado 80136, in the amount
of$3,695.00, and
WHEREAS, after review, the Board deems it advisable to approve said agreement and
accept said Irrevocable Letter of Credit as stated above, copies of which are attached hereto
and incorporated herein by reference.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the 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 Mobile
Home Services, be, and hereby is, approved.
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�Lr: /-L, /110/2/ /911) 7/ PL1638
IMPROVEMENTS AGREEMENT - MOBILE HOME SERVICES
PAGE 2
BE IT FURTHER RESOLVED that Irrevocable Letter of Credit#265 from The First
National Bank of Strasburg, P.O. Box 536, Strasburg, Colorado 80136, in the amount of
$$3,695.00, be and hereby is, accepted.
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 20th day of November, A.D., 2002.
BOARD OF COUNTY COMMISSIONERS
���% WELD COUNTY, COLORADO
ATTEST: a ��� EXCUSED
4S ,, GI aad, air
Weld County Clerk to t i 9 C' °
ik � Utz
ti ,J`_. u
e .# David . Long, Pro-Tem
Deputy Clerk to the Boar� EXCUSED DATE OF SIG ING AYE
M. J. Geile
APPROVED AS TO FORM: i kZ,--,
`- ` NViam H. J ke
C u ttorne V"i&d & \\N\a—
Robert D. Masden
JayDate of signature: 5
1111111111111111111 1111111111111111111111111111 It IIII
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2002-3038
PL1638
IMPROVEMENTS AGREEMENT ACCORDING TO
POLICY REGARDING COLLATERAL FOR IMPROVI'MFNTiS
(PRIVATE ROAD MAINTENANCE)
THIS AGREEMENT,made and entered into this /-7 day of O Gt 29 O2,by and
between the County of Weld, State of Colorado, acting through its Board of County Commissioners,
hereinafter called "County," and b,le Hon o`JQT of cps Z nC. , hereinafter called "Applicant."
WITNESSETH:
WHEREAS, Applicant is the owner of, or has a controlling interest in the following described
property in the County of Weld, Colorado:
WHEREAS, a Final Subdivision/Planned Unit Development (PUD) plat of said property, to be
known as has been s 1.3mitted to the
County for approval, and
WHEREAS, relevant Sections of the Weld County Code provide that no Subdivision Final Plat,
Planned Unit Development Final Plat,or Site Plan shall be approved by the County until the Applicant has
submitted a Subdivision Improvement Agreement guaranteeing the construction of the public improvements
shown on plans, plats and supporting documents of the Subdivision Final Plat,Planned Unit Development
Final Plat, or Site Plan, which improvements, along with a time schedule for completion, are listed in
Exhibits "A"and "B"of this Agreement.
NOW, THEREFORE, IN CONSIDERATION OF the foregoing and of the acceptance and
approval of said Final Plat, the parties hereto promise, covenant and agree as fellows:
1.0 Engineering Services: Applicant shall furnish,at its own expense, all engineering services
in connection with the design and construction of the Subdivision or Planned Unit
Development improvements listed on Exhibit "A," which is attacl.rd hereto and
incorporated herein by reference.
1.1 The required engineering services shall be performed by a Professional Engineer
and Land Surveyor registered in the State of Colorado, and shall confonn to the
standards and criteria established by the County for public im;.ro%ements.
1.2 The required engineering services shall consist of, but,'ot •:,nited to, surveys,
designs,plans and profiles,estimates,construction supervision,and the submission
of necessary documents to the County.
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1.3 Applicant shall furnish drawings and cost estimates for roads within the Subdi vision
or Planned Unit Development to the County for approval prior to the letting of any
construction contract. Applicant shall furnish one set of reproducible "as-built"
drawings and a final statement of construction cost to the County.
2.0 Rights-of-Way and Easements: Before commencing the construction of any improvements
herein agreed upon,Applicant shall acquire,at its own expense,good and sufficient rights-
of-way and easerrcnts on all lands and facilities traversed by the proposed improvements.
3.0 Construction: Applicant shall furnish and install, at its own expense, the Subdivision or
Planned Unit Development improvements listed on Exhibit "A,"which is attached hereto
and incorporated herein by reference, according to the construction schedule set out in
Exhibit"B"which is also attached hereto and incorporated herein by reference.
3.1 Said construction shall be in strict conformance to the plans and drawings approved
by the County and the specifications adopted by the County for such public
improvements. Whenever a Subdivision or Planned Unit Development is proposed
within three miles of an incorporated community located in Weld County or located
in any adjacent county, the Applicant shall be required to install improvements in
accordance with the requirements and standards that would exist if the plat were
developed within the corporate limits of that community. If the incorporated
community has not adopted such requirements and standards at the time the
Subdivision or Planned Unit Development is proposed, the requirements and
standards of the County shall be adhered to. If both the incorporated community
and the County have requirements and standards,those requirements and standards
that are:'.cure restrictive shall apply.
3.2 Applicant shall employ,at its own expense,a qualified testing company previously
approved by the County to perform all testing of materials or construction that is
required by the County; and shall furnish copies of test results to the County.
3.3 At all times during said construction, the County shall have the right to test and
inspect, or to require testing and inspection of materir.n an work at Applicant's
expense. Any material or work not conforming to the approved plans and
specifications shall be removed and replaced to the satisfaction of the Cou.ty at
Applicant's expense.
3.4 Applicant shall furnish proof that proper arrangements have been made for the
installation of sanitary sewer or septic systems,water, gas, electric and telephone
services.
3.5 Said Subdivision or Planned Unit Development improvements shall be completed,
according to the terms of this Agreement, within tl.e •nstruction schedule
appearing in Exhibit"B." The Board of County Commissioners,at its option,may
grant an extension of the time of completion shown on Exhibit"B"upon application
by the Applicant subject to the terms of Section 6 herein.
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4.0 Release of Liability: Applicant shall indemnify and hold harmless the County from any and
all liability loss and damage County may suffer as a result of all Quits, actions or claims of
every nature and description caused by, arising from, or on account of said design and
construction of improvements,and pay any and all judgments rendered against the County
on account of any such suit, action or claim, together with all reasonable expenses and
attorney fees incurred by County in defending such suit, action or claim whether the
liability, loss or damage is caused by, or arises out of the negligence of the County or its
officers, agents, employees, or otherwise except for the liability, loss, or damage arising
from the intentional torts or the gross negligence of the County or its employees while acting
within the scope of their employment. All contractors and other employees engaged in
construction of the improvements shall maintain adequate worker's compensation insurance
and public liability insurance coverage,and shall operate in strict accordance with the laws
and regulations of the State of Colorado governing occupational safety and health.
(THERE IS NO SECTION 5)
6.0 Approval of Streets by the County: Upon compliance with the following procedures by the
Applicant, streets within a Subdivision or Planned Unit Development maybe approved by
the County as public roads and will be maintained and repaired by a Homeowners
Association or, in its absence, the owners of lots within the Subdivision or Planned Unit
Development.
6.1 If desired by the County,portions of street improvements may be placed in service
when completed according to the schedule shown on Exhibit"B,"but such use and
operation shall not constitute an approval of said portions.
6.2 County may,at its option,issue building permits for construction on lots for which
street improvements detailed herein have been started but not completed as shown
on Exhibit"B,"and may continue to issue building permits so long as the progress
of work cri the Subdivision or Planned Unit Developmert 'F provements in that
phase of the development is satisfactory to the County; a:td all terms of this
Agreement have been faithfully kept by Applicant.
6.3 Upon completion of the construction of streets within a Subdivision or Planned Unit
Development and the filing of a Statement of Substantial Cor.pliance, the
applicant(s)may request in writing that the County Engineer inspect its streets and
recommend that the Board of County Commissioners partialy approve them. Not
sooner than nine months after partial approval, the County Engineer shall, upon
request by the applicant, inspect the subject streets, and notify the applicant(s) of
any deficiencies. The County Engineer shall reinspect the streets after notification
from the applicant(s) that any deficiencies have been corrected. If the County
Engineer finds that the streets are constructed according to County standards,he or
she shall recommend full approval. Upon a receipt of a positive unqualified
recommendation from the County Engineer for approval of streets within the
development,the Board of County Commissioners shall fully approve said streets
as public but with private pay.
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7.0 General Requiremmts for Collateral:
7.1 The value of all collateral submitted to Weld County must be equivalent to One-
Hundred percent (100%) of the value of the improvements as shown in this
Agreement. Prior to Final Plat approval,the applicant shall indicate which of the
five types of collateral preferred to be utilized to secure the improvements subject
to final approval by the Board of County Commissioners and the execution of this
Agreement. Acceptable collateral shall be submitted and the plat recorded within
six (6) months of the Final Plat approval. If acceptable collateral has not been
submitted within six (6) months then the Final Plat approval and all preliminary
approvals shall automatically expire. Applicant may request that the County extend
the Final Plat approval provided the cost estimates are updated and the development
plans are revised to comply with all current County standards, policies and
regulations. The improvements shall be completed within one (1) year after the
Final Plat approval(not one year after acceptable collateral is submitted) unless
the applicant(s) requests that this Agreement be renewed at least thirty (30) days
prior to Us expiration and further provides that cost est mots for the remaining
improvements are updated and collateral is provideu in the amount of One-
Hundred percent (100%) of the value of the improvements remaining to be
completed. If improvements are not completed and tb. agreemer" ,hot renewed
within these time frames,the County, at its discretion,may make demand on all or
a portion of the collateral and take steps to see that the improvements are made.
7.2 The applicant may choose to provide for a phased development by means of
designating filings of a Planned Unit Development Final Plat or Su'Idivision Final
Plat. The applicant would need only to provide collateral for the improvements in
each filing as approved. The County will place restriction-;or tl., se portions of the
property that are not covered by collateral which will prohibit the conveyance of the
property or the issuance of building permits until collateral is provided or until
improvements are in place and approved pursuant to the requirements for a Request
for Release of Collateral.
7.3 The applicant intends to develop in accordance with Exhibits "A"and "B."
8.0 Improvements Guarantee: The five types of collateral listen below an: acc';table to Weld
County subject to final approval by the Board of County Comn I.-sione•s.
8.1 An irrevocable Letter of Credit from a Federal or State licensed financial institution
on a form approved by Weld County. The Letter of Credit shall stare. at least the
following:
8.1.1 The Letter of Credit shall be in an amount equivalent of One-Hundred
percent (100%) of the total value of the improvements as set forth in
Section 6.0 and Exhibits "A"and "B."
8.1.2 The Letter of Credit shall provide for payment upon demand to Weld
County if the developer has not performed the obligations specified in the
Improvements Agreement and the issuer has been notified of such default.
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8.1.3 The applicant may draw from the Letter of Credit in accordance with the
provisions of this policy.
8.1.4 The issuer of the Letter of Credit shall guarantee that, at all times the
unreleased portion of the Letter of Credit Nall be Nall tc a minimum of
One-Hundred percent (100%) of the estimated costs of completing the
uncompleted portions of the required improvements,based on inspections
of the development by the issuer. In no case shall disbursement for a
general improvement item exceed the cost estimate in the Improvements
Agreement (i.e., streets, sewers, water mains and landscaping, etc.). The
issuer of the Letter of Credit will sign the Improvements Agreement
acknowledging the agreement and its cost estimates.
8.1.5 The Letter of Credit shall specify that fifteen percent (15%) of the total
Letter of Credit amount cannot be drawn upon and will remain available to
Weld County until released by Weld County.
8.1.6 The Letter of Credit shall specify that the date of proposed expiration of the
Letter of Credit shall be either the date of release by Weld County of the
final fifteen percent (15%), or one year from the date of Final Plat
approval, whichever occurs first. Said letter Flail stipulate that, in any
event,the Letter of Credit shall remain in full force and effect until after the
Board has received sixty (60) days written notice from the issuer of the
Letter of Credit of the pending expiration. Sa a notice sh^". be sent by
certified mail to the Clerk to the Board of Courty Commissioners.
8.2 Trust Deed upon all or some of the proposed development or other property
acceptable to the Board of County Commissioners provided that the following are
submitted:
8.2.1 In the event property within the proposed development is u=ed as collateral,
an appraisal is required of the property in the proposed development by a
disinterested Member of the American Institute of Real Estate Appraisers
(M.A.I.)indicating that the value of the property encumbered in its current
degree of development is sufficient to cover One-Hundred percent(100%)
of the cost of the improvements as set forth Sn the Improvements
Agreement plus all costs of sale of the property.
8.2.2 Irk the event property other than the prat -rty ':o x developed has been
accepted as collateral by Weld County,then an t:•]praisal is .equired of the
property by a Member of the Institute of Real Estate Appraisers(M.A.I.)
indicating that the value of the property encumbered in its current state of
development is sufficient to cover One-Hundred percent(100%)of the cost
of the improvements as set forth in the Improvements Agre,ment plus all
costs of sale of the property.
8.2.3 A title insurance policy insuring that the Trust Deed creates a valid
encumbrance which is senior to all other liens and encumbrances.
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8.2.4 A building permit hold shall be placed on the eroumbered property.
8.3 Escrow Agreement that provides at least the following:
8.3.1 The cash in escrow is at least equal to One-Hundred percent(100%)of the
amount specified in the Improvements Agreement.
8.3.2 The escrow agent guarantees that the escrowed funds will be used for
improvements as specified in the agreement and for no other purpose and
will not release any portion of such fund. without prior approval of the
Weld County Board of Commissioners.
8.3.3 The escrow agent will be a Federal or state-licensed bank or financial
institution.
5.3.4 If Weld County determines there is a default of the Improvements
Agreement,the escrow agent,upon request by the County,shall release any
remaining escrowed funds to the County.
8.4 A surety bond given by a corporate surety authorized to do business in the State of
Colorado in an amount equivalent to One-Hundred percent(100%)of the value of
the improvements as specified in the Improvements Agreement.
8.5 A cash deposit made with the County equivalent to Onc-Hundred percent(100%)
of the value of the improvements.
9.0 Request for Re:,;ase of Collateral: Prior to release of collateral `hr the entire project or for
a portion of the project by Weld County, the Applicant must present a Statement of
Substantial Compliance from an Engineer registered inColorado Latthepre orapntion
of the project has been completed in substantial compliance with approved plans and
specifications documenting the following:
9.1 The Engineer or his representative has made regular on-site inspections during the
course of construction and the construction plans utilized are the same as those
approved by Weld County.
9.2 Test results must be submitted for all phases of this project as per Colorado
Department of Transportation Schedule for minimum materials sampling, testing
and inspections found in the Colorado Department of Transportation (CDOT)
Materials Manual.
9.3 "As built" plans shall be submitted at the time the letter requesting release of
collateral is submitted. The Engineer shall certify that the project "as-built" is in
substan:• compliance with the plans and specife rims s:iproved, or that any
-naterial deviations have received prior approval from a County Engineer.
9.4 The Statements of Substantial Compliance must be accompanied,if appropriate,by
a letter of acceptance of maintenance and responsibility by the appropriate utility
company, special district or town for any utilities.
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9.5 A letter must be submitted from the appropriate Fire Authority indicating the fire
hydrants are in place in accordance with the approved plans. The letter shall
indicate if the fire hydrants are operational and state the results of fire flow tests.
9.6 The requirements in paragraphs 9.0 thru 9.5 shall be noted on the final construction
plans.
9.7 Following the submittal of the Statement of Substantial Compliance and
recommendation of approval of the streets by the County, the applicant(s) may
request release of the collateral for the project or portion of the project by the
Board. This action will be taken at a regularly scheduled public meeting of the
Board.
9.8 The request for release of collateral shall be accompanied b".""Warranty Collateral"
in the amount of fifteen percent(15%)of the vale.,of the improvements as shown
in this Agreement excluding improvements fully accep:eJ for maintenance by the
responsible governmental entity, special district or utility company.
9.9 The warranty collateral shall be released to the applicant upon final approval by the
Board of County Commissioners.
10.0 Public Sites and Open Spaces: When the Board of County Commissioners, pursuant to a
rezoning,Subdivision or Planned Unit Development,requires the dedication,development
and/or reservation of areas or sites other than Subdivision or Planned Unit Development
streets and utility easements of a character, extent and location suitable for public use for
parks, greenbelts or schools, said actions shall be secured in accordance with one of the
following alternatives,or as specified in the Planned Unit Development(PUD)Plan,if any:
10.1 The required acreage as may be determined according to the Weld County
Subdivision Regulations shall be dedicated to the County or the appropriate school
district, `.,. one of the above purposes. Any area so deer:a--I shall be maintained
by the County or school district.
10.2 The required acreage as determined according to Chap.::24 of t1i 7.Veld County
Code, may be reserved through deed restrictions as open area, the maintenance of
which shall be a specific obligation in the deed of each lot within the Subdivision
or Planned Unit Development.
10.3 In lieu of land,the County may require a payment to the County in an amount equal
to the market value at the time of Final Plat submission of the required acreage as
determined according to Chapter 24 of the Weld County Code. f•Lich value shall be
determined by a competent land appraiser chosen jointly by the Board and the
Applicant. The cash collected shall be deposited in an escrow account to be
expended for parks at a later date.
11.0 Successors and Assigns: This Agreement shall be binding upo', the heirs, executors,
personal representatives,successors and assigns of the Applicant,and upon recording by the
County, shall be deemed a covenant running with the land herein described, and shall be
binding upon ti: successors in ownership of said land.
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IN WITNESS WHERE'W, the parties hereto have caused this Agreer.ient to be executed on the
day and year first above writte.I. ✓/`�/
�Of�/
APPLICANT:
APPLICANT: cP c-
TITLE: I I
Subscribed and sworn to before me this
day of ®/�Ji �� t• , 20O 2 GOt
u U '
Ad
o 'yo
ate •.
My Commission expires: Notary public —SOx _ = . NO TAR Y .''�
l/-1G _O 3 strasbut, en4 Notary Public • FUBUG ' Li
_Y CiG:mirei;a b n _ •:e[�
11/1tifraLt vsta9 ,�IA�•••••••40<23-,
OF CO
ATTEST: Lid BOARD OF COUNTY COMMISSIONERS
�y�(�/ (LLD COUNTY, COLORADO
\�
Weld County Clerk to tie
_ David E. Long , Chair Pro-Tern
BY:alerktotheBrJN (2
/20/2002)
APPROVED AS TO FORM: __
County Attorney
f �
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EXHIBIT "A"
Name of Subdivisionc rP �3 L
or Planned Unit Development: ) _II
Filing: 1 _
Location: 3.5 I 3O CR I (o i F! / f(plot l, t/�in pW -2-4_
Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this
Subdivision or Planned Unit Development the following improvements. (Leave s.caces:,lank were they do
not apply)
Improvements Quantity Units Unit Estimated
Costs Construction Cost
Site grading
Street grading
Street base —5414
Street paving f-7-�—
Curbs,gutters,and culverts It, 1tf���°_
Sidewalk t
Storm sewer facilities
Retention ponds
Ditch Improvements
Subsurface drainage
Sanitary sewers
Trunk and forced lines
Mains
Laterals(house connected)
On-site sewage facilities
On-site water supply and storage
Water Mains(includes bore)
Fire hydrants
Survey and street monuments and boxes
Street lighting
Street Names
Fencing requirements
Landscaping - --- - ---- _ ------
CIO
Park improvements C904--
Road culvert
Grass lined swale
Telephone
Gas
Electric
Water transfer
SUB-TOTAL:
Engineering and Supervision Costs $
(Testing, inspection, as-built plans and work in addition to preliminary and final plat; c'ipervision of actual
construction by contractors) z
TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ 3b`�5
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The above improvements shall be constructed in accordance with all County requirements and specifications,
and conformance with this provision shall be determined solely by Weld County,or its duly auinorized agent.
Said improvements shall be completed according to the construction schedule set out in Exhibit"B."
By: f
Applicant , e5
y
4\0E
p ,
• / .,
lv
tlpplicant� U --c cc F
f• ;:� //..._, ` '
�f'
9
Date: c.i'40 r I th , 20O y C,
Title
(If corporation, to be signed by President and attested to by Secretary, together with corporate seal.)
MID 11111 1111111 11 1111111 11111111111 III 111111 Will
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EXHIBIT "B"
Name of Subdivision Yg- S54
or Planned Unit Development:
Filing:Location: 1 3 5 130 C12 Fp L.u'7'�o.-? CoG
Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this
Subdivision or Planned Unit Development the following improvements.
All improvements shall be completed within t years from the date of approval of the final plat.
Construction of the improvements listed in Exhibit 'A"shall be completed as follows:
(Leave spaces blank where they de not apply.)
Improvements Time for Completion
Site grading
Street base V.
Street paving 3O\ 2O•
Curbs, utg ters,and culverts 37
Sidewalk
Storm sewer facilities
Retention ponds _
Ditch improvements
Subsurface drainage
Sanitary sewers
Trunk and forced lines
Mains _
Laterals(house connected)
On-site sewage facilities
On-site water supply and storage
Water mains
Fire hydrants
Survey and street monuments and boxes
Street lighting
Street name signs
Fencing requirements
Landscaping �v1 _ AS 2(2( 3
Park improvements
Road culvert
Grass lined swale
Telephone
Gas
Electric
Water Transfer
SUB-TOTAL:
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The County, at its option, and upon the request of the Applicant,may grant an exten,iun of time for
completion for any particular improvements shown above,upon a showing by the Applicant that the
above schedule cannot be met.
By:
Applicant
lic
C �
ppliant
Date: /O —i / , 20
Title
(If corporation,to be signed by President and attested to by Secretary, together with corporate seal.)
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Weld CouGREELEY nty OFFICE
Department
F►R5T
NATIONAL
BANK NOV 7 2002
pCNED
IRREVOCABLE LETTER OF CREDIT
NO. 265
October 17, 2002 •
Board of County Commissioners
ATTN: Clerk to the Board
P.O. Box 758
Greeley, CO 80632
RE: Mobile Home Services
Dear Clerk:
We hereby open our Irrevocable Letter of Credit in your favor for the account of Mobile Home
Services,Inc. whose address is 441 Zante Way, Brighton, CO 80601, for a sum not to exceed
the aggregate amount of THREE THOUSAND SIX HUNDRED NINETY FIVE AND 00/100
DOLLARS, ($3,695.00).
Each draft so drawn must be marked "Drawn under THE FIRST NATIONAL BANK OF
STRASBURG, P. O. Box 536, Strasburg, CO 80136, Letter of Credit No. 265 and be
accompanied by a"signed statement from the Board of County Commissioner; of Weld County,
Colorado stating that Mobile Home Services, Inc. has committed a material breach of the
Improvements Agreement According to Policy Regarding collateral for Improvements regarding
Agreement dated the 17th day of October 2002 by and between Mobile Home Services, Inc. and
the Board of County Commissioners of the County of Weld."
This credit is subject, so far as applicable, to "The Uniform Customs and Practice for
Documentary Credits, 1993 Revision, The International Chamber of Commerce Publication No.
500."
We hereby agree with you that all drafts drawn under and in compliance with the terms of this
credit will be duly honored and presented for payment to our main office, THE FIRST
NATIONAL BANK OF STRASBURG, P. O. Box 536, Strasburg, CO 80136. This letter of
credit will expire on October 17, 2003 at 5:00 P.M.
•
1111111 11111 1111111111111111111111 11111 III 111111 III I1I1
3014041 12/12/2002 01:02P Weld County, CO
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56540 E.COLFAX AVE. 101 W.CENTENNIAL DR. 538 N.HWY.36 2707 E.BROMLEY LN. 120 5.WILCOX ST.
P.O.BOX 536 BENNETT,CO 80102 P.O.BOX 295 P.O.BOX 808 CASTLE ROCK,CO 80104
STRASBURG,CO 80136 303.644-4373 BYERS,CO 80103 BRIGHTON,CO 80601 303-688-2222
303-6224201 FAX 303-644-3746 303-822-9331 303-637-9797 FM 303-814-1456
FAX 303-622-9298 FAX 303-822-5778 FM 303-637-7408
_ Page 2
October 17, 2002
Board of County Commissioners
This letter of credit is automatically extended without amendment, for additional one year
periods from the current expiration or any future expiration date unless 60 days prior to such
current expiration date THE FIRST NATIONAL BANK OF STRASBURG notifies 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 at sight on THE FIRST
NATIONAL BANK OF STRASBURG; (b) a statement purportedly signed by an official of the
Board of County Commissioners of Weld County, Colorado stating that we have received notice
from THE FIRST NATIONAL BANK OF STRASBURG the Letter of Credit No. 265 will not
be renewed and that Mobile Home Services, Inc. has failed to provide proof of adequate
collateral and substitution of this Letter of Credit No. 265; (c) copy of letter from THE FIRST
NATIONAL BANK OF STRASBURG stating non-renewal of Letter of Credit No. 265 and the
- original letter of credit.
Yours truly,
THE FIRST NATIONAL BANK OF STRASBURG
By
n . arnett
ecutive Vice President
1111111 11111 111111111111111111111111111 III 1111111111111
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44 MEMORANDUM
WilkTo: Board of County Commissioners November 8,"20D2
COLORADO From: Chris Gathman, Planner C , .
p
Subject: Acceptance of Collateral in the form of a Letter of Credit for
AMSPR-99 (Mobile Home Services)
On , November 7, 2002 we received an Irrevocable Letter of Credit in the amount of Three
Thousand Six Hundred Ninety Five Dollars ($3,695.00) for Amended Site Plan Review 99
(Mobile Home Services).
To date the following Off-Site improvements need to be completed:
Road Base (recycled asphalt) estimate $ 1,455.00
Landscaping estimate $ 2,045.00
Parking stops/barricades estimate $ 165.00
Total Estimated Cost of Improvements and supervision $ 3,665.00
After review of the Letter by the Weld County Attorney, the Department of Public Works and the
Department of Planning Services, it has been determined that the amount of the agreement will
be sufficient to complete the work required for Amended Site Plan Review 99 (Mobile Home
Services), and the Department of Planning Services recommends acceptance of this Letter.
SERVICE,TEAMWORK,INTEGRITY,QUALITY
2002-3038
PL /4,3g
CE
yveld CouC,ty planningY DepartMut
REEL
OCT 232002
iati41116
MEMORANDUM RECEIVED
TO: Chris Gathman, Planner I DATE: Oct. 21, 2002
ipFROM: Donald Carroll, Engineering Administrator
C. SUBJECT: SPR-354, Mobile Home Services
COLORADO Acceptance of Collateral
The Weld County Public Works had reviewed the Exhibit "A" portion for the transportation items,
which include street base and ten parking stops/barricades for individual parking spaces. The
two items appear to be adequate for quantity and unit price as improvements on the site.
The landscaping item shall be verified by Planning Services prior to scheduling the acceptance
of collateral.
pc: SPR-354 file spr-5.doc
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