HomeMy WebLinkAbout20031180.tiff RESOLUTION
RE: APPROVE IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING
COLLATERAL FOR IMPROVEMENTS(PRIVATE ROAD MAINTENANCE),AUTHORIZE
CHAIR TO SIGN,AND ACCEPT COLLATERAL FOR USR#1411 -CHRIST COMMUNITY
CHURCH
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 March 12, 2003, the Board of County Commissioners approved a Use by
Special Review, #1411, fora Site Specific Development Plan and Use by Special Review Permit
#1411 for a Church in the A(Agricultural)Zone District on the following described real estate,to-wit:
Lot A of Recorded Exemption #3226; being part of
the SW1/4 of Section 6,Township 2 North, Range 62
West of the 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 Christ Community Church, with terms and conditions
being as stated in said agreement, and
WHEREAS, the Board has been presented with an Escrow Agreement between Christ
Community Church and Colorado East Bank and Trust, Russell L. Rathman, President, P.O. Box
299, Keenesburg, Colorado 80643, in the amount of$9,540.00, and
WHEREAS, after review, the Board deems it advisable to approve said agreement and
accept said collateral,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 Christ Community Church, be,
and hereby is, approved.
BE IT FURTHER RESOLVED that the Escrow Agreement between Christ Community
Church and Colorado East Bank and Trust, Russell L. Rathman, President, P.O. Box 299,
Keenesburg, Colorado 80643, in the amount of$9,540.00, be and hereby is, accepted.
2003-1180
PL1652
00 : E EL.) PL
IMPROVEMENTS AGREEMENT - CHRIST COMMUNITY CHURCH
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 12th day of May, A.D., 2003.
BOARD OF COUNTY COMMISSIONERS
,I. \FJ COUNTY, COLORADO
f\?
,"���q�yi
I /MAI
1861 David . Lo , Chair
o my •lerk to the Board
�‘OO/, Wg, Robed D. sden, Pro-Tem
a BY:
Deputy Clerk to the Board
M..J1 y`J.. eile J
APP AST • L v
Willia� H. Jerk
unt ttorn
Glenn Vaad
Date of signature: -51 ele
2003-1180
PL1652
1
Weld County Planning Department
GREELEY OFFICE
215
IMPROVEMENTS AGREEMENT ACCORDING TO APR 2 9 2003
POLICY REGARDING COLLATERAL
ROAD MAINTENANCE)TOVEME IMPROVEMENTS RECEIVED
iM
THIS AGREEMENT,made and entered into this 2.51 —day of 200.22,by and between
the County of Weld,State of Colorado,acting through its Board of County Co sioners,hereinafter called"County,"
andf,HR(ST COmmtlM C-H U RC.) 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:
LOT S of RE3Z2(c, ' BElrtc, PART of the SW' Off' SECTION /C
c�
T2N / RIOau) off' the 0th pm . ) weal count] CoLo ra 4Bo .
WHEREAS, a Final Subdivision/Planned Unit Development (PUD) plat of said property, to be known as
RF 5? ? to USR. 14 i 1 has been submitted 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 follows:
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 attached 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 conform to the standards and criteria established by the
County for public improvements.
1.2 The required engineering services shall consist of,but not be limited to,surveys,designs,plans and
profiles, estimates, construction supervision, and the submission of necessary documents to the
County.
1.3 Applicant shall furnish drawings and cost estimates for roads within the Subdivision 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 easements on all lands and
facilities traversed by the proposed improvements.
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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 more 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 material and 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 County 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 the construction 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.
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 suits,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 may be 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
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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 on the Subdivision or Planned Unit
Development improvements in that phase of the development is satisfactory to the County; and 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 Compliance,the applicant(s)may request in writing that
the County Engineer inspect its streets and recommend that the Board of County Commissioners
partially 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 fmds 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 fur approval of streets within
the development,the Board of County Commissioners shall fully approve said streets as public but
with private pay.
7.0 General Requirements 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 its expiration and further provides that cost estimates for
the remaining improvements are updated and collateral is provided in the amount of One-Hundred
percent(100%)of the value of the improvements remaining to be completed. If improvements are
not completed and the agreement not 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 Subdivision Final Plat. The applicant would need only to
provide collateral for the improvements in each filing as approved. The County will place restrictions
on those 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 listed below are acceptable to Weld County subject to
final approval by the Board of County Commissioners.
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 state at least the following:
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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.
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 shall be equal to 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 shall 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. Said notice shall be sent by certified mail to the Clerk to the Board
of County 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 used 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 in the
Improvements Agreement plus all costs of sale of the property.
8.2.2 In the event property other than the property to be developed has been accepted as collateral
by Weld County,then an appraisal is required 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 Agreement 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.
8.2.4 A building permit hold shall be placed on the encumbered 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
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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
funds 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.
8.3.4 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 depusit made with the County equivalent to One-Hundred percent(100%)of the value of the
improvements.
9.0 Request for Release of Collateral: Prior to release of collateral for 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 in Colorado that the project or a portion 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 substantial compliance with the plans and
specifications as approved, or that any material deviations have received prior approval from the
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.
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 by"Warranty Collateral"in the amount of
fifteen percent (15%) of the value of the improvements as shown in this Agreement excluding
improvements fully accepted for maintenance by the responsible governmental entity,special district
or utility company.
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9.9 The warranty collateral shall be released to the applicant upon fmal 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,for one of the above purposes. Any
area so dedicated shall be maintained by the County or school district.
10.2 The required acreage as determined according to Chapter 24 of the Weld 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. Such 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 upon 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 the successors in ownership of said land.
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6
IN WITNESS WHEREOF,the parties hereto have caused this Agreement to be executed on the day and year
first above written.
APPLICANT:
APPLICANT: 2,...1-3 ±Lex
TITLE: At c_.(et Cr y_
Subscribed and sworn to before me this 029' day of +4,a7 , 20 01.
My Commission expires: a 'C6 M
Notary Public .Y, q
di aun.e EIl
Pu s oG.'$
' op
ATTEST: / '. BOARD OF COUNTY COMMISSIONERS
-.0%... '\ WELD COUNTY, COLORADO
Weld County Clerk to the 4! v*
¢ t. ‘ ‘
l .r David E. Long g Chair 05/12/03
w
BY: Deputy Clerk to the Board
APPROVED AS TO FORM: f i
ounty Att me' --
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7
EXHIBIT "A"
Name of Subdivision
or Planned Unit Development: l HKIS7 C0mmunll' CHUgCH RE-322(O - U 5 R' 4 l
Filing:
Location: 1--k-31" OF AND ApTAC.FNT "Tn wcR-73 is mi. so. OF I-7(O
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
Street grading
@. Street base CRUSHED C0nCRETE. la 25TQN 290 Q 3480 .2
Street paving
Curbs, gutters, and culverts "7 aoao SQ. FT 3.°s (00/00.'=
Sidewalk IhiatioFS HAJIDI CAP Fb PARKIAIG
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
Park improvements
Road culvert
Grass lined swale
Telephone
Gas
Electric
Water transfer
SUB-TOTAL: nt� nI�
Engineering and Supervision Costs$ �,tvt0,SL11cXQ11)-
(Testing,inspection,as-built plans and work in addition to preliminary and fmal plat;supervision of actual construction
by contractors)
C y 00
TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ l J I 0-
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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 authorized agent.
Said
By: Fl9.lx` 63,A.L.k)v
Applicant
ApplicantC�CyTUn�
CAA )Title
Date: ;p Zq rh ,20 0 3 .
Title
(If corporation,to be signed by President and attested to by Secretary,together with corporate seal.)
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9
•
EXHIBIT"B"
Name of Subdivision
or Planned Unit Development: CNRt°1 (,0VYlyNvYlII j Q.HURCH
Filing:
Location: EAST OF Mn MY-SW-ENT TO WCck-13 % rrlilr 50, OF t-9(o
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 I 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 do not apply.)
Improvements Time for Completion
Site grading
Street base _i ;n 2pn3
Street paving
Curbs,gutters, and culverts
Sidewalk )j D� ' 3n 2.D(1:3
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
Park improvements
Road culvert
Grass lined swale
Telephone
Gas
Electric
Water Transfer
SUB-TOTAL:
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11 Revised 07/01/2002
M:\WPFILES W PFIL E S\W END I W PRI V ATE
46(46(t4IDI MEMORANDUM
WITO: Board of County Commissioners
COLORADO DATE: May 6, 2003
FROM: Sheri Lockman, Planner II
SUBJECT: USR-1411, Christ Community Church
Improvements Agreement According to Policy Regarding
Collateral For Improvements (private road maintenance)
Christ Community Church has submitted an Improvements Agreement According to Policy
Regarding Collateral For Improvements (private road maintenance). The items covered are as
follows:
Street base (crushed concrete) $ 3,480.00
Sidewalk and handicapped parking 6,060.00
Total Cost $ 9,540.00
The Weld County Departments of Planning Services and Public Works agree that the amount
provided is adequate to complete the project and are requesting the acceptance of the
Improvements Agreement According to Policy Regarding Collateral For Improvements (private
road maintenance) and the associated Escrow Agreement.
U
c7562-4L—J cite-
S(8/2-0°3
2003-1180
SHERI Lockman - USR-4.doc Page 1
MEMORANDUM
TO: Sheri Lockman, Planner II DATE: May 6, 2003
FROM: Donald Carroll, Engineering Administrator
SUBJECT: USR-1411, Christ Community Church
Improvements Agreement According to
Policy Regarding Collateral for
Improvements (private road maintenance)
I have reviewed the street base, crushed concrete, sidewalks, curb and gutter, culverts, and
the handicap parking area. All items appear to be adequate to complete the project.
I recommend acceptance of the Exhibit "A" portion of the Improvements Agreement as it has
provided the transportation portion of the improvements.
pc: Carol Harding, CTB
USR-1411
RE-3226 M:\PLANNING\USR-4.doc
APRIL 28,2003 � $
ESCROW AGREEMENT
BETWEEN:
CHRIST COMMUNITY CHURCH & COLORADO EAST BANK&TRUST
RANDY JAKEL,SECRETARY RUSSET T L.RATHMAN,PRESIDENT
P.O.BOX 144 P. O.BOX 299
ROGGEN,CO 80652 KEENESBURG,CO 80643
WHEREAS,CHRIST COMMUNITY CHURCH IS ABOUT TO UNDERTAKE A NEW BUILDING
PROJECT AND IS THEREFORE REQUIRED BY THE WELD COUNTY BOARD OF
COMMISSIONERS TO PLACE IN ESCROW THE AMOUNT OF$9,540.00 FOR THE PURPOSE
OF PAYING FOR CERTAIN PROPERTY IMPROVEMENTS;
AND WHEREAS,CHRIST COMMUNITY CHURCH NOW HAS ON DEPOSIT WITH COLORADO
EAST BANK AND TRUST A CERTAIN CERTIFICATE OF DEPOSIT(#07 100573 26) IN AN
AMOUNT GREATER THAN$9,540.00;
THEY HEREBY REQUEST COLORADO EAST BANK&TRUST TO WITH-HOLD$9,540.00 FROM
SAID CERTIFICATE OF DEPOSIT AND PLACE IT IN ESCROW FOR THE BENEFIT OF THE
WFI D COUNTY BOARD OF COMMISSIONERS AS PER THEIR IMPROVEMENT AGREEMENT.
COLORADO EAST BANK&TRUST SHALL HOLD THESE FUNDS UNTIL IT RECEIVES A
PROPERLY EXECUTED RELEASE OF COLLATERAL FROM WELD COUNTY.
:14SIGNED THIS � Y OF APRIL,2003.
CHRIST COMMUNITY CHURCH N RUST
RANDY J KE1-,SECRETARY ELL L. THMA ,P ID
CLERK TO THE BOARD
PHONE (970)336-7215, Ext. 4225
Il
FAX: (970) 352-0242
P. O. BOX 758
WI e
GREELEY, COLORADO 80632
COLORADO
August 5, 2005
Colorado East Bank and Trust
P. O. Box 299
Keenesburg, Colorado 80643
RE: Cancellation and release of Collateral - Christ Community Church (C. D. #07 100573 26)
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.
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. 7'
Carol A. Harding,
Deputy Clerk to the Board
Woo-3— //
pL /hS4
APRIL 28,2003
ESCROW AGREEMENT
BETWEEN:
CHRIST COMMUNITY CHURCH & COLORADO EAST BANK&TRUST
RANDY JAKEL,SECRETARY RUSSELL L. RATHMAN,PRESIDENT
P. O. BOX 144 P. O.BOX 299
ROGGEN,CO 80652 KEENESBURG,CO 80643
WHEREAS,CHRIST COMMUNITY CHURCH IS ABOUT TO UNDERTAKE A NEW BUILDING
PROJECT AND IS THEREFORE REQUIRED BY THE WELD COUNTY BOARD OF
COMMISSIONERS TO PLACE IN ESCROW THE AMOUNT OF$9,540.00 FOR THE PURPOSE
OF PAYING FOR CERTAIN PROPERTY IMPROVEMENTS;
AND WHEREAS,CHRIST COMMUNITY CHURCH NOW HAS ON DEPOSIT WITH COLORADO
EAST BANK AND TRUST A CERTAIN CERTIFICATE OF DEPOSIT(#07 100573 26) IN AN
AMOUNT GREATER THAN$9,540.00;
THEY HEREBY REQUEST COLORADO EAST BANK&TRUST TO WITH-HOLD$9,540.00 FROM
SAID CERTIFICATE OF DEPOSIT AND PLACE IT IN ESCROW FOR THE BENEFIT OF THE
WELD COUNTY BOARD OF COMMISSIONERS AS PER THEIR IMPROVEMENT AGREEMENT.
COLORADO EAST BANK&TRUST SHALL HOLD THESE FUNDS UNTIL IT RECEIVES A
PROPERLY EXECUTED RELEASE OF COLLATERAL FROM WELD COUNTY.
SIGNED THIS or.I 'DAY OF APRIL,2003.
CHRIST COMMUNITY CHURCH jEA N RUST
RANDY JAKEL,SECRETARY ELL L. THMA ,P ESID
rto
CLERK TO THE BOARD
PHONE (970)336-7215, Ext. 4225
I
FAX: (970) 352-0242
P. O. BOX 758
WI D C• GREELEY, COLORADO 80632
COLORADO
August 5, 2005
Christ Community Church
Randy Jake!, Secretary
P. O. Box 144
Roggen, Colorado 80652
•
RE: Cancellation and release of Collateral - (C. D. #07 100573 26)
To Whom It May Concern:
Attached hereto please find copies of the Board of County Commissioner's Resolution approving
the cancellation and release of collateral, as referenced above. A copy of the resolution has also
been sent to Colorado East Bank and Trust, P. O. Box 299, Keenesburg, Colorado 80643.
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
p
Carol A. Harding,
Deputy Clerk to the Board
COLLATERAL RELEASED
IN CONJUNCTION WITH
OTHER CASES
SEE #2005-2091
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