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HomeMy WebLinkAbout20002006.tiff RESOLUTION RE:: APPROVE IMPROVEMENTS AGREEMENT ACCORDING TO POLICY REGARDING COLLATERAL FOR IMPROVEMENTS (PRIVATE ROAD MAINTENANCE) AND ACCEPT FORM OF COLLATERAL FOR SITE PLAN REVIEW#324 - HOME LUMBER COMPANY WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute arid the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, on April 28, 2000, the Department of Planning Services staff did approve a Site Plan, SPR #324, for Home Lumber Company, 8037 Midway Drive, Littleton, Colorado 80125, for a lumber storage operation on the following described real estate, to-wit: Lot 10, Block 1, Rademacher Business Park Final Planned Unit Development; located in the NW1/4 of Section 23, Township 3 North, Range 68 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 Home Lumber, with terms and conditions being as stated in said agreement, and WHEREAS., the Board has been presented with Company Check #019330 from Bank of America, N.A., Atlanta, Georgia, in the amount of $10,000.00, and WHEREAS., after review, the Board deems it advisable to approve said agreement and accept said company check 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 Home Lumber, be, and hereby is, approved. BE IT FURTHER RESOLVED that company check #019330 from Bank of America, N.A., Atlanta, Georgia, in the amount of $10,000.00, be and hereby is, accepted. 2000-2006 PL1433 pe • PL, Pte=,, Honk IMPROVEMENTS AGREEMENT - HOME LUMBER COMPANY PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 21st day of August, A.D., 2000. BOARD OF COUNTY COMMISSIONERS W ) COUNTY, COLORA O II' ti/ �ATTEST: Le r' fyl. �`� i ... . A . - ._ �_ <�`t✓J ( arbara J. meyer, air Weld County Clerk to the :`. . ,vU, _ ►" /7, O Q9��►� c J. eile, Pro-Tern Deputy Clerk to the Boa #J' f .%EXCUSED / s� forge E. Baxter /,' ED AS Ta M: 4),/ett. / K. Hal unty A ney /Poky( ii C Glenn Vaad —_- 2000-2006 F'L1433 IMPROVEMENTS AGREEMENT ACCORDING POLICY REGARDING COLLATERAL FOR IMPROVEMENTS (PRIVATE ROAD MAINTENANCE) THIS AGREEMENT, made and entered into this_3;/ day of_ •� 5 , by and between the County of Weld, State of Colorado,acting through its Board of County Commissioners,hereinafter called "County", and 4m,__ 41.14., 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: / /e,it /C7 P1/41 / / O / f?r e#,e/ � ';• rr pp � fZyiit.77 fir'/ r��/tl3 's-.5 Aisp/ O ylM .c.-4.-4.- WHEREAS., a final X1t plat of said property, to be known is /10011 /{,#q j _ has been submitted to the County for approval; and WHEREAS. of the Weld County Subdivision Ordinance provides that no final plat 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, 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 apprm al 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 ser ices in connection with the design and construction of the subdivision improvements listed on Exhibit "A" which is attached hereto and made a part of this 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 Count.) for public improvements 1.2 The required engineering services shall consist of, but not be limited o, s.urve -s, designs, plans and profiles, estimates, construction supervision,and the submission of necessary documents to the County. 1111111111111111111111 1111111 MU HL 111 11111 'III IIII 1ten,ed 2 95 2792206 09/07/2000 12:32P JA Suki Tsukamoto 1 of 12 R 0.00 D 0.00 Weld County CO 1.3 Applicant shall furnish drawings and cost estimates for roads within the subdivision 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 improve merits. 3.0 Construction: Applicant shall furnish and install, at its own expense, the subdivision improvements listed on Exhibit "A: which is attached hereto and made a part hereof by this reference, according to the construction schedule set out in Exhibit"B" also attachec herero and made a part hereof by this reference. 3.1 Said construction shall be in strict conformance to the plans and drawings at proved by the County and the specifications adopted by the County for such public improvements. Whenever a subdivision is proposed within three mile; of .:in incorporated community located in Weld County or located in any adjacent county, the Applicant shall be required to install improvements in accordance cith the requirements and standards that would exist if the plat were developed wi hin the corporate limits of that community. If the incorporated community has not adopted such requirements and standards at the time the subdivision is proposed, the requirements and standards of the County shall be adhered to. If bath tie incorporated community an the County have requirements and standard;, 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 est 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 The Applicant shall furnish proof that proper arrangements have been made for the installation of sanitary sewer or septic systems, water, gas, electric and te ephone services. 3.5 Said subdivision improvements shall be completed, according to the terms of this Agreement within the construction schedule ar^:wring in Exhibit "B" The Ba: rd or 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 she terms of Section 6 herein. 1 11111111111111111 III 1111111 IIII HIE III 11111 liii IIII Rev ed 12 95 2792206 09/07/2000 12:32P JA Suki Tsukamoto 2 of 12 R 0.00 D 0.00 Weld County CO 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 des gn and construction of improvements, and pay any and all judgments rendered against the :ounry 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 count,/ of is 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 workman's compensation insurance and public liability insurance coverage,and shall operate in strict accordarce 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 procedure!. by the Applicant, streets within a subdivision may approved by the County as public ro ids and will be maintained and repaired by a homeowners association or, in its absence, the owners of lots within the subdivision. 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 operati)n 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 on the subdivision 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 and the filing aI a Statement of Substantial Compliance, the applicant(s) may request in writing hat 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 applicants) of any deficiencies. The County Engineer shall reinspect the streets after notification from the applicant(s) that any deficiencies have been corrected 11 the County Engineer finds that the streets are constructed according to County standards, ne 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 oay. 0 ucnerai nequtrements for Collateral: 7.1 The value of all collateral submitted to Weld County must be equivalent to 100% of the value of the improvements as shown in this Agreement. Prior to Final P'.at 3 Revised :2 95 1 1111111111111111 III11111111111 III 11111 Pill 2792206 09/07/2000 12:32P JA Suki Tsukamoto 3 of 12 P 0.00 D 0.00 Weld County CO approval, the applicant shall indicated which of the five types of collateral prefered 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)mon hs then the Final Hat approval and all preliminary approvals shall automatically expire. An 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 ;hail he 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 100% of the value of the improt ements 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 Plan or Final Plat Subdivision. 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 conveyani e 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 Zequest 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 o 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 in>titution on a form approved by Weld County. The letter of credit shall state at least the following: 8.1.1 The Letter of Credit shall be in an amount equivalent of 100% of he oral 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 lruprovemenes l e,teedrent and, the issuer has been notified d such detauit. 8.1.3 The applicant may draw from the Letter of Credit in ace ordarce with the provisions of this policy. 4 ii.ecred {2 95 111111111111111111 I I 11111111 I I I 1111111 I I 111111 I I I I I I I I 2792206 09/07/2000 12:32P JA Suki Tsukamoto 4 of 12 Fl 0.00 D 0.00 Weld County CO 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 if 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 irein exceed the cost estimate in the Improvements Agreement (i.e., streets, sewers, water mains and landscaping, etc.). The issuer of the Lone .f Credit will sign the Improvements Agreement acknowledgi ig the agreement and its cost estimates. 8.1.5 The Letter of Credit shall specify that 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 expiratiot of the Letter of Credit shall be either the date of release by Weld count\ of the final 15%, or one year from the date of Final Plat approval, wh chever occurs first. Said letter shall stipulate that, in any event, the Letter- tf Credit shall remain in full force and effect until after the Board has received sixty (60) days written notice from the issuer of the Lime- tf Credit of the pending expiration. Said notice shall be sent b_v ce-tif i:d 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 accep able o 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 .in appraisal is required of the property in the proposed development by a disinterested M.A.I. member of the American Institute of Real Estate Appraisers indicat:ng that the value of the property encumbered in its current degree of development is sufficient to cover 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 M.A I. member of the Institute of Real Estate Appraisers indicating that the value of the property encumbered in its current state of development is sufficient to cover 100"/o 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 al! other liens and encumbrances. 82.4 A building permit hold shall be placed on the encumbered property. 8.3 Escrow Agreement that provides at least the following: 5 Rtwi ed 1395 111111111111111111 III 1111111 MI MI 111 11111 11112 liii 57of206 12 R 0.00 000 12:32P D 0.00 Weld A Suki County Tsukamoto County CO 8.3.1 The cash in escrow is at least equal to 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 funds without prior approval of the Board. 8.3.3 The escrow agent will be a Federal or State licensed bank or financial institution. 8.3.4 If the County of 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 C)lorado in an amount equivalent to 100% of the value of the improvements as specified in the Improvements Agreement. 8.5 A cash deposit made with the County equivalent to 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 if 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 C ilorato Department of Transportation Schedule for minimum materials sampling. testing and inspections found in CDOT Materials Manual. 9.3 "As built" plans shall be submitted at the time the letter requesting release if 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 appropi late, 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 h,dri:ds are in place in the approved plans. The lens shall indicate if the fire hydrants are operational and state the results of fire flow tests. 9.6 The requirements in 9.0 thru 9.5 shall be noted on the final construction plans. 6 Revi.•ed 12 95 1111111111111111111 ��� 1111111 ���� 111111 ��� ����� 1111 Jill 2792206 09/07/2000 12:32P JA Suki Tsukamoto 6 ct 12 R 0.00 D 0.00 Weld County CO 9.7 Following the submittal of the Statement of Substantial Compliance and recommendation of approval of the streets by the County, the applicants 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 Col lateral" in the amount of 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. 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 tr. a rezoning, subdivision or planned unit development, requires the dedication, development and/or reservation of areas or sites other than subdivision streets and utility easements hf 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 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 the Weld County Subdivision Regulations, may he reserved through deed restrictions as open area, the maintenance of which shall be a specific obligation in the deed of each lo- within the subdivision. 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 the Subdivision Ordinance. Such value s he determined by a competent land appraiser chosen jointly by the Board and the Applicant. The cash collected shall be deposited in an escrow accour t to he 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 b} the County, shall be deemed a covenant running with the land herein described, and : hall he binding upon the successors in ownership of said land. WITNESS WilERECF, the parties hereto have caused this Agreement to be c cecutcd on the day and year first above written. 7 Revised 1295 I 111111111111111111III1111111IIII111111III1111111111111 2792206 09/07/2000 12:32P JA Suki Tsukamoto 7 of 12 R 0.110 D 0.00 Weld County CO BOARD OF COUNTY COMMISSIONERS W 14,D COUNTY, COLORADO L. / / / \/ ; � `*// > Ll,;7.. - :bar . Kirkmeye'r, ChairK08/21!00) & f M. . Geile, Chair Pro-Tem ATTEST: EXCUSED — \I E. Weld County Clerk tote�' 1. ' 1L CC�� p c� ` ''` Dale f., Hall / r BY:ly Ca� Yv✓u�w u l t% , Deputy Clerk to the Boar Glenn Vaad L - z.__, ;r'A APPROVED AS TO FORM: c ! County Attorney APPLICANT 1 ' / >' 4' BY: VP — — (title) 2n�c� Subscribed and sworn to before me this 6' day of :.e/JE .-{9 My Comm sion xpires: 2P 'Z3tOy Notary ublic 1 ROBERT J. MILNER NOTARY PUBLIC STATE OF COLORADO w My Commission Expires 02/2312004 1111111111111111111 III 1111111 I I I 111111111111111 I I I I I I I I 2792206 09/07/2000 12:32P JA Suki Tsukamoto 8 of 12 R 0.00 D 0.00 Weld County CO IFGRM\\APRIVATE.BB 8 Revis:d 12/95 EXHIBIT "A" Name of s"bdiv/ on:: ie* /0, F/etn< / / 7 Filing: 4*' re/ 1% r/ 4A. ire/9,- l&7vs 65 'vi/t- ter/ Pet,5 Location: c�cr4 c7/g Intending to be legally bound, the undersigned Applicant hereby agrees to provide throughout this subdivision and as shown on the subdivision final plat County dated 1'+ recorded on , 19 , in Book , Page No. , Reception No. , the following improvements. (Leave spaces blank where they do not apply) Estimated Improvements Unit Cost Construction Cost Street grading -6e/A/47 /e,/ Street base is`754 o 4.1,-- Street paving TYtlrp &efaidf Curbs, gutters. & culverts rG*kneel Sidewalk /41 Storm sewer facilities u/4 Retention ponds .u5URy' —_ Ditch improvements ��fih/ Subsurface drainage Ni Sanitary sewers Sanitary sewers N Q Trunk & forced lines N 4 Mains N -- Laterals (house connected) i /filly On-site sewage facilities Pill On-site water supply & storage MO Water mains-Includes Bore ilitt,,D ecc --Fire hydrants 14-000 - f,_ Survey & street monuments & boxes FA Street lighting qty{{{/,I y Street name sums H/4 Fencing requirements , ect� 4:2Skal Landscaping .A! FfV I/9Dn Park improvements _ /+f4 —_ Road Culvert itia' Grass Lined Swale -1/5—VIP Telephone N _ — !"iar. _ P 4 — - - -- -- Electric K//E1 Water Transfer 4/4 SUB-TOTAL 4(P,nee 1111111 11111 1111111 III 1111111 IIII 111111 III 11111 IIII IIII 2792206 09/07/2000 12:32P JA Suki Tsukamoto Rods xi 12/"5 9 of 12 R 0.00 0 0.00 Weld County CO Engineering and Supervision Costs O (testing, inspection, as-built plans and work in addition to preliminary and final plat; supervision or actual construction by contractors) TOTAL ESTIMATED COST OF IMPROVEMENTS AND SUPERVISION $ /0 CrC 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 improvements shall be completed according to the construction schedule set out in Exhibit "F". hitate (In corporation, to be signed by President and attested to by Secretary, together with corporate sea .) Date: -\aa€ t , JA'or 111111111111 1111111 111 111111 1111 111111 III NIB I'll 2792206 09/07/2000 12:32P JA Suki Tsukamoto 10 of 12 R 0.00 D 0.00 Weld County CO 10 F:ei,ed 12;95 EXHIBIT "B" 5.`tG / Name of.Subdivision: icy /G, r( •/ / Filing: Actrided Ref i / ,d<%���,�� „y . �?�r / ./ Location: /!K!!/1 /J71e Intending to be legally bound, the undersigned Applicant hereby agrees to construct the improvementsshown on the final subdivision plat of Subdivision, dated_ , 19 , Recorded on , 19 _, in Hook , Page No. , Reception No._ ,the following schedule. All improvements shall be completed within / years from the date of approval of :he final plat. Construction of the improvements listed in Exhibit "A" shall he completed as follows: (Leave spaces blank where they do not apply.) Improvements Time for Completion Site grading Street base 5.11:(!et paving Curbs, gutters. and culverts Sidewalk Irm sewer facilities _— Rgt:ention ponds itch improvements Subsurface drainage Sanitary sewers Trunk and forced lines Mains Laterals(house connected) On-site sewage facilities Q -site water supply and storage Kier mains _ Fire hydrants 6-q-e/ &Ivey& street monuments &boxes 'treet lighting _ Street name signs Fencing requirements Landscaping /2.-Fe/ Ejk improvements rv!enF+nr�p 5 .v. J.etric W Ater Transfer j.i-Total 1111111111111114111 Ill iirni ii111114 III 111411 III 1114 2792206 a09/07(2000000 00 Weld Co O , 3 Auki nty CO Tsukamoto 11 at 12 R 1 1 levi..ed 12;95 The County, at its option, and upon the request by the Applicant, may grant an extension of time fc r completion for any particular improvements shown above, upon a showing by the Applicant that t[e above schedule cannot be met. (If corporation,to be signed by President and attested to by Secretary,together with corporate seal ) Date: �-e'/ , JA m0. mdfo m aprivate.db 111111 11111 1111111 III 1111111 11II 111111 111 111111 III IIII 2792206 09/07/2000 12:32P JA Suki Tsukamoto • 12 of 12 R 0.00 0 0.00 Weld County CO 12 Revised 1295 ,_f MEMORANDUM wineTo: Board of County Commissioners yy‘ August 14 2000 COLORADO From: Chris Gathman, Planner .sE�. Subject: Acceptance of Collateral in the form of a cash deposit for SPR- 324 (Lot 10, Block 1, Rademacher Business Park - Home Lumber) On , August 3, 2000 we received a check in the amount of Ten Thousand and no/100s for collateral for the improvements agreement for SPR-324 (Lot 10, Block 1, Rademacher Business Park - Home Lumber) To date the following On-Site improvements have been completed: Fencing completed Street grading completed Street base completed Curbs, gutters and culverts completed To date the following Off-Site improvements need to be completed: Water main estimate $ 4,000.30 Landscaping estimate $ 1,500.30 Fire hydrant estimate $ 4,000.30 Grass Lined Swale estimate $ 500.30 Total Estimated Cost of Improvements and supervision $ 10,000.00 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 site plan review 324, and the Department of Planning Services recommends acceptance of this Letter. SERVICE, LAMWORK,IN IL(REY.QUAI II 2000-20C6 rZ ,z, - ..t. i BANK 01 AMEllu 1.GUS'I MI; ::ONNE(I ION J 9 3 3 CI ABANK DI'KAL R(;0L N1 1• LUMBER I3113'7 MIDWA"DR.•LITTLETON.GO 80 2C T • ion) 791-3715 DATE (NECK NUMBER ijr•IL TEN i,�•J 4Y AND NO/1 in DOLLARS 07/2e : 1 9.::,341 $$.10000. 00 c! {L. ir- i�'OL933011' 1:06 L L 2 ?Ban 329 996 6L520 Hello