HomeMy WebLinkAbout20002236.tiff 5 y,-)
RESOLUTION
RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL FOR LINDIES LAKE -
BILL HALL
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 May 24, 1999, the Board did approve the application of
Bill Hall, 1220 11th Avenue, #201, Greeley, Colorado 80632, for a Planned Unit Development
Final Plan, S #488, for seven E (Estate) zoned lots on the following described real estate, to wit:
NW 1!4 of Section 20, Township 6 North, Range 64
West of the 6th P.M., Weld County, Colorado, and
WHEREAS, on May 24, 1999, the Board of County Commissioner of Weld County,
Colorado, did approve an Improvements Agreement According to Policy Regarding Collateral
for Improvements (Publicly Maintained Roads) for Lindies Lake Planned Unit Development,
between the County of Weld, State of Colorado, by and through the Board of County
Commissioners of Weld County, and Bill Hall, 1220 11th Avenue, #201, Greeley, Colorado
80632, with terms and conditions being as stated in said agreement, and
WHEREAS, pursuant to Improvements Agreement, the Board of County Commissioners
accepted Letter of Credit #3 from the Weld County Bank, in the amount of $63,100.00, and
WHEREAS, on November 8, 1999, the Board approved a partial release of said
collateral in the amount of $53,100.00, and accepted replacement collateral in the form of a
Time Certificate of Deposit, drawn on the Eaton Bank, Greeley Branch, dated November 3,
1999, in the amount of$10,000.00, and
WHEREAS, staff from the Weld County Department of Public Works has conducted a
visual inspection and recommends release of said collateral.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the Time Certificate of Deposit, drawn on the Eaton Bank, Greeley
Branch, dated November 3, 1999, in the amount of $10,000.00 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.
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PL1270
CANCEL COLLATE=RAL - LINDIES LAKE PUD, S #488 - BILL HALL
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 18th day of September, A.D., 2000.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: f / ,I� l r,��� EXCUSED --
v • 4) Barbara J. meyer, Chair
Weld County Clerk tot B.: ,• , �> /",� .,, 1861�\ 1 kJ J. eile, Pro-Tem/
BY: f� �Li,� 4�. L ��� �.
Deputy Clerk to th�:+ y _._
LJ ) . Baxter ,,
i
APPROVED AS yli FORM: ` are
�' Da . Hall
e6unttA rney 4�C 1 j/g.
Glenn Vaad
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2000-2236
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p(firtitime4t MEMORANDUM
TO: Julie Chester, Lead Planner DATE: September 12 2000:
1111 k FROM: Donald Carroll, Engineering Administrator °"2
COLORADOO
SUBJECT: S-488; Bill Hall/Lindies Lake ( Public Road Maintenance)
Release of Collateral
At the request of the applicant, I performed a site investigation to verify the transportation items for final releas
The asphalt has been down approximately a year with no distress or repairs necessary. The applicant hi is
completed shouldering, and placing of street and stop signs at the appropriate locations. All the transportatu n
items are complete. I recommend the release of the certificate of deposit with the Eaton Bank, Greeley Branc i.
in the amount of $10,000.00, which was the 15% of the asphalt item being held for one year.
pc: S-488
cc: Kim Schuett, Clerk to the Board
Bill Hall
Scott Schreiber, Maintenance : WCR 51/Vista Lake Road
plan 1 s.wrd
2000-223(1
i_/02-7C)
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EXHIBIT "A"
Name of Subdivision: Lindies Lake
Filing:
Location: W4 .Sec-tion20 .TEN. RE 4W. tithp_a_ ,WP1d roluity
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 . 19.____.,
recorded on , 19 , in Book . Page No. _ , Reception No:,
the following improvements. 3 ,,
N
(Leave spaces blank where they do not apply) "e .1
Estimated #' _7
Improvements Unit Cost construction Cost 'r
Street grading 10C a yarrl 56Rayds $170-6.66 ?i.
Street base $6 .80 a ton 1296tons S8812_21) ?fix
Street Ravin; . $28 a ton 696tons $19488 . 00 -- ` -
ce
Curbs, gutters. & culverts
Sidewalk_ N/A
Storm sewer facilities N/A
Retention ponds N/A -
Ditch improvent5 N/A
em
Subsurface drainage N/A _
Sanitary sewers N/A
Sanitary sewers N/A
Trunk & forced lines
• Mains
Laterals (house connected) _
Qn-site sewage facilities
On-site water supply& storage _
•
Water mains-Includes Bore 522500, 00
Fire hydrants $1500. 00 !-
Survey & street monuments & boxes
Street lighting
Street dame suns . $125 .00 $125 . 00 _ _,
Fencing requirements N/A •
. i
Landscaping $9 . 75 a unit 44units $429 . 00
r
Park improvements N/A
i . "
Road Culvert S6 _ 85 a fcLot 60FPPt- S400 . 00 -.
Grass Lined Swale N/A _
Telephone $1000 . 00 _ __
Gas
Electric $6000 . 00
Water Transfer_. N/A
SUB-TOTAL $61961 _ 46
1 1 Rcvisec 6 97
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