HomeMy WebLinkAbout20002297.tiff RESOLUTION
RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL AND ACCEPT
REPLACEMENT COLLATERAL FOR MORIAH ESTATES PLANNED UNIT
DEVELOPMENT FINAL PLAN, S #497 - SHILOH, INC., C/O JAMES SCOTT
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 December 27, 1999, the Board did approve an
Improvements Agreement According to Policy Regarding Collateral for Improvements (Private
Road Maintenance) with Shiloh, Inc., do James Scott, 35325 Cornerstone Way, Windsor,
Colorado 80550, concerning property described as a portion of the SW1/4 of Section 4,
Township 6 North, Range 67 West of the 6th P.M., Weld County, Colorado, and
WHEREAS, pursuant to said Improvements Agreement, Irrevocable Letter of Credit
#00085, in the amount of $386,713.00 drawn on the Centennial Bank, 1550 East Harmony
Road, Fort Collins, Colorado 80525, was submitted to Weld County, 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 total amount to be retained for a one-year period, and
WHEREAS, Shiloh, Inc., do James Scott, has presented Check #1316 in the amount of
$5,872.80 to Weld County to be posted as collateral for a one-year period, and
WHEREAS, the Board of County Commissioners deems it advisable to cancel and
release Irrevocable Letter of Credit #00085, in the amount of$386,713.00 drawn on the
Centennial Bank, 1550 East Harmony Road, Fort Collins, Colorado 80525, and to accept Check
#1316 in the amount of$5,872.80 from Shiloh, Inc., c/o James Scott.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that Irrevocable Letter of Credit#00085, in the amount of $386,713.00
drawn on the Centennial Bank, 1550 East Harmony Road, Fort Collins, Colorado 80525, 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.
BE IT FURTHER RESOLVED by the Board that Check #1316 in the amount of
$5,872.80 from Shiloh, Inc., do James Scott, be, and hereby is, accepted.
11111111111111111111111 IIII 11111111111111111111 IIII IIII
2798896 10/09/2000 11:55A JA Suki Tsukamoto
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2000-2297
CC JUL /MAL P'_1290
CANCEL COLLATERAL - SHILOH, INC., C/O JAMES SCOTT (S #497)
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 25th day of September, A.D., 2000.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORRDO
ATTEST: LA/_%/ ` c
arbara J.J. Ki r eyer, hair i
Weld County Clerk to the oa 4 ,/ ,, _
,C2,
I r a /. r, �, . J. .ile, Pro-Tem
/ •
F Oie — /J -tom i
BY: . �/L '' �v --
Deputy Clerk to th
UV Gt=erge, . Baxter
') ,,_ - ,rte Up ---
APPROVED ASfi FARM: Dale K. Hall
EXCUSED
6unty Attorney Glenn Vaad
1 1111111 1111111 1111 1111 11111 111111 III 111111111 Ill
2798896 10/0912000 11:56A JA Suki Tsukamoto 2000-2297
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64, � MEMORANDUM
0\1( ' l Wi`Pc. To: Kim Schuett, Clerk to the Board
COLORADO From: Wendi Inloes, Planning Tech II
Subject: Release of Collateral for S-464, Jim Scott/Moriah Estates
Date: September 19, 2000
The Department of Planning Services has received a request from Jim Scott for release of
collateral for Moriah Estates, located in part of the SW4 of Section 4, T6N, R67W of the 6th P.M ,
Weld County, Colorado.
Upon a site inspection, it has been determined that all improvements have been satisfied for the
Planning issues. The Department of Public Works is also satisfied and is requesting 15% be
retained for one year. The Department of Planning Services requests that collateral in the amount
of$380,840.20 be released, with $5,872.80 being retained for Public Works for one year.
Attached is a check for $5,872.80 for the replacement collateral.
cc: Don Carroll
SIRVICL,II,AMWORK,IN'IELRITY,QUALITY 2000-2297
(414:ttl% MEMORANDUM
Wl`P�. To:From:lerk to the Board
COLORADO Wendi Inloes, Planning Tech II
Subject: Release of Collateral for S-464, Jim Scott/Moriah Estates
Date: August 16, 2000
The Department of Planning Services has received a request from Jim Scott for release of
collateral for Moriah Estates, located in part of the SW4 of Section 4, T6N, R67W of the 6'h P M.,
Weld County, Colorado.
Upon a site inspection, it has been determined that all improvements have been satisfied for the
Planning issues. The Department of Public Works is also satisfied and is requesting 15% be
retained for one year. The Department of Planning Services requests that collateral in the amount
of $380,840.20 be released, with $5,872.80 being retained for Public Works for one year.
The form of collateral will be a check for $5,872.80
cc: Don Carroll
SERVICE. I I!ANI W ORK,IM ERR!F1 QUALITY
41( rog MEMORANDUM
VolpeTo: Clerk to the Board
COLORADO From: Wendi Inloes, Planning Tech II
Subject: Release of Collateral for S-464, Jim Scott/Moriah Estates
Date: July 31, 2000
The Department of Planning Services has received a request from Jim Scott for release of
collateral for Moriah Estates, located in part of the SW4 of Section 4, T6N, R67W of the 65'
P.M., Weld County, Colorado.
Upon a site inspection, it has been determined that all improvements have been satisfied for the
Planning issues. The Department of Public Works is also satisfied and is requesting 15% be
retained for one year. The Department of Planning Services requests that collateral in the
amount of$365,841, be released.
cc: Don Carroll
SERVICE.TEAMWORK,INTEGRITY,QUALITY
*i1_6
t (); jotMEMORANDUM
TO: Wendi Inloes, Planning Tech II DATE: July 24, 2000
CFROM: Donald Carroll, Engineering Administrator
COLORADO SUBJECT: S-464; Moriah Estates/James Scott
At the request of the applicant, an inspection of the site was performed.
TheWeld County Public Work Department recommends the release of the transportation collateral for stre t
grading, road base, culverts, street signs, and all but 15% of the paving item.
In the Improvements Agreement, Item Nos. 8.1.5 and 8.1.6, it states that 15% shall be retained for a period of of e
year. At the end of one year and if no distress or repairs are needed to the asphalt,the 15%collateral ($5.872.8 ))
shall be released.
All other non-transportation items shall be verified by Planning Services prior to release.
pc: Julie Chester, Lead Planner
S-464
cc: Carol Harding CTB
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October 5, 2000
2000-2297
PL1290
Original Letter of Credit returned to Jim Scott.
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