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HomeMy WebLinkAbout20000362 WELD COUNTY ATTORNEY'S OFFICE PHONE: (970) 356-4000, EXT. 4391 FAX: (970) 352-0242 915 TENTH STREET P.O. BOX 1948 111g' GREELEY, COLORADO 80632 January 24, 2000 C COLORADO David T. McCall Lind, Lawrence& Ottenhoff 1011 11th Avenue P.O. Box 326 Greeley, CO 80632 RE: Sekich Business Park - Weld County Road 9.5 Dear Mr. McCall: I have received a copy of your January 3, 2000, letter addressed to Donald Carroll regarding the Sekich Business Park and Weld County Road ("WCR") 9.5. Your letter was in response to a letter dated November 29, 1999, from Mr. Carroll and addressed to Fred and Nick Sekich. Mr. Carroll's letter requested that the Sekiches reinstate a Letter of Credit in the amount of $47,025.00 or provide other collateral to cover the Sekiches' share for the improvements to approximately 2,650 feet of WCR 9.5, which lies north of Colorado State Highway 66. Mr. Carroll's request is based upon an August 20, 1986, Road Improvements and Maintenance Agreement between the Sekiches and Weld County and concerning WCR 9.5. Your letter contends that the Agreement expired 60 days subsequent to December 31, 1988, by virtue of Weld County's failure to request reinstatement of the original Letter of Credit No. 1181. A copy of the Agreement is enclosed. Your contentions are without merit. The Agreement clearly obligates the Sekiches and the at such time as the Sekich Bue sare Par nk toes participate fact that the Letter improvements of Credit expired at the end of 1988, or that improvements necessary. the required improvements have not been warranted until now, does not mean that the Agreement terminated and/or the Sekiches' obligation ceased. It is my understanding that Mr. Carroll is collecting the information letter you requested in your January 3, 2000, letter. He will be submitting that information to you shortly.comply with the I this reinstate the Letter of Credit.s As W. Carroll Agreement s a esin h sletter,the and Weld County's equet that they traffic now 4!4/ ' 2000-0362 P,.J t- OO77 David T. McCall, Letter January 24, 2000 Page 2. generated at WCR 9.5 warrants the road improvements specifically mentioned in paragraphs 6, 7 and 8 of the Agreement. If you should have any questions regarding this letter, please feel free to call me at 356-4000, extension 4390. Sincerely, / 'Bruce T. Barker Weld County Attorney BTB/db:Let/Sekich pc: Frank Hempen Don Carroll Carol Harding Hello