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Home My WebLink About20012303.tiff RESOLUTION RE: APPROVE PARTIAL CANCELLATION AND RELEASE OF COLLATERAL FOR LIGHTHOUSE COVE, PHASE II - DONALD LAFAVER 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 November 3, 2000, the Department of Planning Services staff did approve the application of Donald LaFaver, 2185 Pinedrop Lane, Golden, Colorado 80401, for a Planned Unit Development Final Plan, S #578, on the following described real estate, to wit: N1/2 NE1/4 of Section 16, Township 2 North, Range 68 West of the 6th P.M., Weld County, Colorado, and WHEREAS, on January 8, 2001, the Board of County Commissioners of Weld County, Colorado, did approve an Improvements Agreement According to Policy Regarding Collateral for Improvements (Private Road Maintenance) for Lighthouse Cove Phase II, between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and Lighthouse Cove, LLC, do Donald LaFaver, with terms and conditions being as stated in said agreement, and accepted a Promissory Note, in the amount of$350,000.00, secured with a Deed of Trust, dated November 22, 2000, and WHEREAS, on June 18, 2001, the Board deemed it advisable to release the Promissory note, in the amount of$350,000.00, to be replaced with a Certified Check, in the amount of $306,902.90, which was consistent with the amount determined necessary by staff for the proposed improvements, and WHEREAS, staff from the Weld County Department of Public Works has conducted a visual inspection of the project and recommends cancellation and release of said collateral, with 15 percent of the paving cost to be retained for a one-year period, and WHEREAS, the Board of County Commissioners deems it advisable to cancel and release $295,675.40, with $11,227.50, to be held for the period of one year. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that collateral in the amount of$295,675.40 be, and hereby is, canceled and released. BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby is, directed to return said collateral to the appropriate issuing party. 1111111 I1ll1111111111111 III 1111 1111111M1111111111111 III I1ll1 llil IIII 2876678 08/21/2001 04:49P JA Suki Tsukamoto 1 of 2 R 0.00 0 0.00 Weld County CO 2001-2303 PL1468 - P, CANCEL COLLATERAL - DONALD LAFAVER PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 15th day of August, A.D., 2001. BOARD OF COUNTY COMMISSIONERS Str NTY, COLORADO ATTEST: gull 1� `�1 -k Weld County Clerk tot ! Iar pc a—; Iwo rdk Glenn Vaad, r. BY: Deputy Clerk to the Boa; ` - EXCUSED Willia Jerke VED AS T RM: 041, David E. Long ounty Attorney EXCUSED Robert D. Masden Date of signature: V11 1111 1111 IIIII 1111111 III IIIIIit 2876678 co 2 of 2 R 0.00 D 0.00 Weld County 2001-2303 PL1468 MEMORANDU#$**: Wilk. To: Board of County Commissioners ` August 14,E 401 COLORADO From: Anne Best Johnson, Long Range Pla•nner. Subject: Release of Collateral, S-578, Donald LaFaver, Lighthouse Cove Phase II On June 18, 2001, the Board of County Commissioners approved the replacement collateral for Planned Unit Development Final Plan, S-578 in the amount of$306,902.90. On August 6, 2001 Donald G. LaFaver (2185 Pinedrop Lane, Golden, Colorado) requested a partial release of Collateral in the amount of$295,675.40. The remaining amount of$11,227.50 is the equivalent of 15% of the paving cost ($74,850.00). The collateral posted was for improvements associated with Lighthouse Cove Phase II PUD (S- 578) located in part of the N2 NE4 of Section 16, Township 2 North, Range 68 West of the 6th P.M., Weld County, Colorado and one mile south of State Highway 119 and west of and adjacent to WCR 7. The Improvements Agreement was approved January 2, 2001 to include the following items: Street Grading $ 27,500.00 Street Base $ 2,740.00 Street Paving $ 74,850.00 Curb, Gutter, Culvert and Sidewalk $ 76,850.00 Sanitary Sewer $ 35,000.00 Laterals (house connected) $ 2,110.50 Sanitary Sewers $ 7,500.00 Fire Hydrants $ 7,200.00 Street Name Signs $ 600.00 Telephone $ 8,520.00 Gas $ 14,512.40 Electric $ 8,520.00 Water Transfer $ 41,000.00 Sub Total $306,902.90 Electronic copy: L. Morrison, D. Carroll /dr-cOk‘N- SERVICE,TEAM WORK,INTEGRITY,QUALITY 2001-2303 AUG-.09-01 THU 01 .42 PM WELD C.0.UNTY PUBLIC WKS7 EAX:9703Q46497.-. PAGE 1 fS " MEMORANDUM 1,,Iiiii TO: Anne Best Johnson DATE: .August 8, 2001 O Long Range Planner • COLORADOFROM: Donald Carroll,Engineering Administrator e, SUBJECT: S-578, Lighthouse Cove, Phase II Release of Collateral At the written request of the applicant, an inspection of the site Was performed. Weld County Public Works Department recommends the release of the transportation collateral for site grading, street grading, street base,street paving, curb, gutter, sidewalks, and all but 15% of the paving item. In the Improvements Agreement, item#8.1.5 and 8.1.6, it states that 15% shall be retained for a period of one year. At the end of one year and if no distress or repairs are needed to the asphalt, the 15% collateral ($11,227.50) shall be released. All other non-transportation items shall be verified by Planning Services prior to release. NOTE: Monica Daniels-Mika has indicated at staff conference that we should hold all release of collateral until the height issue of the homes being built in Lighthouse Cove has been resolved. pc: file Julie Chester planl8s.wpd aooi- 07.3Q3 . AUG:09-01 THU 01 :42 PM WELD caVNTY PUBLIC WKS7 FAX:9703046497, ,, PAGE 2 Aug 06 01 08: 03a LRt /ER 720- :6-1213 p.2 4i94ekele &Cie es/Arem/O"4P/eadinWeeeaSAmUlememerno Don LaFaver 2185 Pinedrop Lit. Golden, Co_ 80401 303-548-1530 FAX 720-746-1213 August 6,2001 Ann Best-Johnson Dept.of Planning Services 1555 N, 17"'Ave Greeley, Co. 80631 Lighthouse Cove Phase II Collateral agreement. Dear Ann, Please submit,to the Board of County Commissioners,my request for a partial release of collateral. Enclosed you will find a copy of acceptance letters from both Left Rand Water District and the St.Vram Sanitation Distract. The amount presently held is$306,902.90, As per the collateral agreement 15%of the paving cost shall be held back for a period of one year. The paving cost equal$74,850.00 bringing the reserve amount to$11,227.50. This would leave a balance due,to me,of$295,675.40. Thank you for considering this request. Should you have any questions or comments please call me at the above number. Sincerely Don LaFaver cc: Llanald Carroll ca7P?/-a72D3 Aug 06 01 07: 57a LRFRVER 720-746- 1213 p. l FAX 4urwu¢e due 303-548-1530 FAX 720-746-1213 FROM: Don LaFaver TO: 1>tNN 3e-St Co*. SONJ Number of pages including this cover sheet RE: iLS o4 ciL`Azt",$rL ptk sues- Tr L'c.Lek: eso s t Co J c PciAa, *cite s n,..( yr- t,, tp— 'T-g--crv"`.. Sr. V(t-A_N-4 Pte; rr vt e—a c6 `S r . rte. t-oawmP..c -nt'E �c Cs,,_ L,E.& T kl nNo � fir. tJ% r L,Ac -c-c.-y1/4._ -v-0 om LET M E Lit-Hoer DPt T E. 17-n: S c90Z'/ d�l� Aug 06 01 07: 58a LRFRVER 720-746- 1213 P. 2 &94 Aoa4e eove eafaiaa 04 Ptenslos Whiten Sr?* essassernetet Don LaFaver 2185 Pinedrop Ln. Golden, Co. 80401.. 303-548-1530 FAX 720-746-1213 August 6,2001 Ann Best-Johnson Dept. of Planning Services 1555 N. 17th Ave Greeley,Co. 80631 Lighthouse Cove Phase U Collateral agreement. Dear Ann, Please submit,to the Board of County Commissioners,my request for a partial release of collateral. Enclosed you will find a copy of acceptance letters from both Left Hand Water District and the St. Vrain Sanitation District. The amount presently held is$306,902.90. As per the collateral agreement 15%of the paving cost shall be held back for a period of one year. The paving cost equal$74,850.00 bringing the reserve amount to$11,227.50. This would leave a balance due,to me, of$295,675.40. Thank you for considering this request. Should you have any questions or comments please call me at the above nrmnber. Sincerely aFav cc: Donald Carroll O7,00/-a3v3 08/06/01 MON 09:42 FAX 3035305252 LHWD O 002 LEFT HAND WATER DISTRICT August 3, 2001 Don LaFaver 2185 Pinedrop Lane Golden, CO 80401 Re: Lighthouse Cove - Phase II TO WHOM IT MAY CONCERN: The above referenced project has satisfactorily passed all necessary tests and inspections, and the required documents and drawings have been received. Therefore, the two-year warranty period to be provided by the developer shall commence as of August 3, 2001 . Thank you. Sincerely, o.I!?G Z4 Kathr�in A. Peterson District Manager cc: Connie F. Todd P. Chris S. P.O. Box 210 •Niwot CO. 80544•(303) 530-4200• Fax (303) 530-5252 le0/- 8dS 08/07/?001 20:27 ST URA IN SAN I TAT ION 4 970 304 6498 NO.341 P02 ► % St. Vrain SANITATION DISTRICT July 31,2001 Mr.Don LaFavor P CO Lane Golden,CO 80401 copy Re: Lighthouse Cove Phase II Sewer Lines Sewer Lines in the Lighthouse Cove Subdivision,phase II have been tested,and accepted Warranty period begins as of this date. Please call if there are any questions on this matter. Mark A.Peterson 14/1:1 - trio Manager 436 Coffman Street Suites 203&204 P.O.Box 908 Longmont,CO 80502.0905 Phone:(303)776-9570 Faye(303)774-2349 Email: mark@scson.comc;260/—e:Y2/1-3 was counb.Coianeo . INVOICE nvr.mRR �N�D�ER INVOICE '• aaafEa 31ISM0 DEDUCTIONS IU1 NOU OR.REVEMI GCB T$ eSIMO[tT•rP »&pDeg7pps ':N7T I,4 , AMOUNT - . 2001-2303 08/17/01 295,675.40 00 .00 295,675.40 aijell I/ (5q Jai oktulti y REMOVE DOCUMENT ALONG THIS PERFORATION + THIS DOCUMENT IS PRINTED IN TWO '"'CRS IC NOT. 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