HomeMy WebLinkAbout20001840 RESOLUTION
RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL AND ACCEPT
REPLACEMENT COLLATERAL FOR SITE PLAN REVIEW, SPR#305 - RAY
MENARD
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 29, 1999, the Board did approve an
Improvements Agreement According to Policy Regarding Collateral for Improvements (Private
Road Maintenance) with Ray Menard, concerning property described as Lot 2, Block 2 of
Sekich Business Park; located in Section 23, Township 3 North, Range 68 West of the 6th
P.M., Weld County, Colorado, and
WHEREAS, pursuant to said Improvements Agreement, Irrevocable Standby Letter of
Credit #744-100, drawn on the Community Branch of the Bank in Boulder, 3033 Iris Avenue,
Boulder, Colorado 80301, in the amount of$96,050.00, was submitted to Weld County, and
WHEREAS, staff from the Weld County Departments of Planning Services and Public
Works have conducted a visual inspection of the project and recommend cancellation and
release of said collateral, with 15 percent of the total amount to be retained for a one-year
period, and
WHEREAS, Ray Menard has presented $4,775.00 to Weld County to be retained for a
one-year period, and
WHEREAS, the Board of County Commissioners deems it advisable to cancel and
release Irrevocable Standby Letter of Credit#744-100, drawn on the Community Branch of the
Bank in Boulder, 3033 Iris Avenue, Boulder, Colorado 80301, in the amount of $96,050.00, and
to accept $4,775.00 from Ray Menard.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that Irrevocable Standby Letter of Credit #744-100, drawn on the
Community Branch of the Bank in Boulder, 3033 Iris Avenue, Boulder, Colorado 80301, in the
amount of $96,050.00, 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.
BE IT FURTHER RESOLVED by the Board that $4,775.00 from Ray Menard, be, and
hereby is, accepted.
IIIIII Illllflllllll III 1111111111 1111111 III 11111111111
2786759
1 of 2 R 0.00 D 0.00 Weld County CO2000-1840
PL1368
CANCEL COLLATERAL - RAY MENARD (SPR#305)
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded, adopted
by the following vote on the 2nd day of August, A.D., 2000.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: 11G 4, ,/ A t._
,
Barbara J. irkmeyer, thair
Weld County Clerk td �, : .= +'►.,
±� 'inn►
—
i ,.. eile, Pro-Tem
Deputy Clerk to the f+/ � A -_
eorg E. Baxter
APPR6VED AS TO
" ) Dale K. Hall
% ount tt rney ,/ C?/,/,f,t
Glenn Vaad
111111111111 1111111 III 111111 II11 1111111 111 1111111111111
2786759 08/11/2000 02:30P JA Suki Tsukamoto
2 of 2 R 0.00 D 0.00 Weld County CO
2000-1840
PL1368
iatt MEMORANDUM
WCTO: Board ofl County Commissioners DATE: July 27, 2000
COLORADO FROM: Kim Ogle
SUBJECT: SPR-305, Ray Menard
On July 25, 2000, the Departments of Public Works and Planning Services preformed a site
investigation of the completed improvements on Lot 2, Block 2 of Sekich Business Park at the
request of Rocco DeMarco, the applicant's representative. The completed improvements for which
a draw is being requested include the construction of site paving, sidewalks, on-site sewage
facilities, fencing, landscaping and utility connections.
Don Carroll of Weld County Department of Public Works has inspected the items, and in his
memorandum of July 25, 2000, indicates he has no conflict with the release of funds. The
Department of Planning Services' in their memorandum of July 27, 2000 indicates no conflict with
the landscape improvements and recommends release of funds. Lee Morrison, Assistant County
Attorney, has advised that the release of funds would be in accordance with the terms of the
Improvements Agreement.
The Department of Public Works has indicated that it is stated in Improvements Agreement item
numbers 8.1.5 and 8.1.6, that fifteen (15) percent of the asphalt pavement item shall be retained
for a period of one year. At the end of the one year if no distress or repairs are needed to the
asphalt, the fifteen (15) percent collateral shall be released. Monies required for replacement
collateral shall be four thousand seven hundred seventy-three ($4,775.00) dollars.
Therefore, the Department of Planning Services and Department of Public Works recommend that
ninety-six thousand and fifty dollars and no/100s ($ 96,050.00), be released. Staff's
recommendation is to release the collateral, in the form of a Letter of Credit. This release is
conditioned on the posting of the warranty collateral by the applicant. The applicant has submitted
a cash bond in the amount on four thousand seven hundred and seventy-five dollars ($4,775.00).
SERVICE,1 NANIWORK,INTEGRITY,QUALITY
2000-1840
?1_13to$
iat RS & ti
RESOURCES
122 id (( 21 Weld County Planning Dept.
Berthoud_ C( L 80513
971 535 0546
�A �A FAX 970-535-0645 It IL 2 1 2000
RECEIVED
July 19, 2000
Weld County Department of Planning Services
Attn: Kim Ogle
1 555 N. 17'x' Avenue
Greeley, CO 80631
Re: Case # BC9900638
SPR #305
Dear Kim,
We have now completed our requirements for our improvement agreement and would
like to get our funds released as soon as possible
If you have any questions, please call me
'You,rs4r 2_
l
t,
Rocco DeMarco
Project Manager
P.S. Please remit to the address listed below:
14282 Mead Street
Longmont, CO 80504
Weld cu,),,
MEMORANDUM
LTO Kim Ogle Planner II DATES-JCI 26 30681 r 4
FROM: Donald Carroll, Engineering Administrator r' -
C� SUBJECT: SPR-305, Ray Menard
COLORADO Sekitch Business Park, Release of Collateral
At the request of the applicant, I inspected the site.
The Weld County Public Works recommends the release of the transportation collateral hr stri et.
grading, base, paving, curb, gutter, culverts, sidewalks, 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 to a
period of one year. At the end of one year and no distress or repairs are needed to the asphalt, the if 9/0
collateral ($4,773) shall be released.
All other non-transportation items shall be verified by Planning Services prior to release.
pc: Julie Chester, Lead Planner
Carol Harding, CTB
SPR-305
plan7spr wpd
4ts MEMORANDUM
W IWine
To: Board of County Commissioners November 29, 199 9
COLORADO From: Kim Ogle, Planner
Subject: Acceptance of Irrevocable Letter of Credit
On November 24, 1999, the Department of Planning Services received an Irrevocable Letter of
Credit from Rocco DeMarco, agent for Ray Menard, for a machine shop in Sekich Business
Park, case number SPR-305, in the amount of ninety-six thousand fifty dollars and no/100s
($ 96,050.00.)
Items covered under this letter of credit include:
Site Paving March 2000 $ 31,820 - "7
Curbs, Gutters and Culverts March 2000 $ 9,240
Sidewalk February 2000 $ 12,085
On-Site Sewage facilities December 1999 $ 8,870
Fencing Requirements April 2000 $ 10,815
Landscaping Requirements May 2000 $ 18,800
Telephone December 2000 $ 620
Gas January 2000 $ 1,160
Electric - Temp Transformer December 1999 $ 1,780
Water- $ 860
Total Estimated Cost of Improvements and supervision $ 96,050.00
The Weld County Attorney, the Department of Public Works and the Department of Planning
Services, have determined that the amount of the agreement will be sufficient to complete the
work required for the machine shop at Sekich Business Park, and the Department of Planning
Services recommends acceptance of this Letter.
SI.RV ICL,TEAMWORK,INTEGRITY,QUALITY
!t .i ; au L5:01 DX ll;u �u3 ua�tl „1.u, , LANNiO., .,ti
(.1 c'c • . - . _, J� 4L '7Y]] ,I INVESTMENT DYNAMICS PAGE 04
ii,)
CXI M "A"
_.1
Name of Subdivlsluu_ _ /.c/1.i:y/ i c�5(-r S$ it... 44,2t‹.
pilfrcg: -
Intendiug to be legally bound. the undersigned Applicant hereby agrees to provide Ihrcrugiuiut this
subdiVislotl and AS shown all the subdivision final plat County dated
recorded on 19
�-, - —-,...._ , 19 , in ti vain
!tie fniiowln t, , Page Na. - Itecc,liult No.
g improvements.
.-_. i
(Leave spaces blank where they tic nuI cuIpIy)
'l lrs i stitaaleci
IJt1il Cc_ss !L_�
�its ucliun L�i
ir. Sl�e�dirjaig
it St_ r__sei bash - — _ _,._
Scree av �---- -
Ca 3 u eras --- _ —
Ulm trat o f a ��� C1157,Oily ! !I
e a Ids __ _
pitch ilrlbrgventetl1B ~ ��
, atb i sewers ~�-- '
=9j4yyers —� -_._-_
-------
'rrunk&to cad 1 lcs ��` .._. -_--
Maim _
� lJl�Urouse t�pecledl _ - _ _.___._ .
n it4 niftily facilities LA...0 4 1 e,K c ,ci�
Si^S liw ter t e --` it
S'- `'
O rater In - clttdlra lea ,
V
fhlyArings
S:urvs:y dt s el n vnunrettts& -- '
Iced lighting_ �Uxes`�_ _ ----
__ —
Suet thine slims �— _ _.
riming reguirenlgins T- �` _ --
-,_i-it ig - - - - p J41e�J5_ ,�r_�
1'al� Enre �_ _
1g4 Culve u--` --- ----_—
Grass t-JrLta 'aiv
Tlenh_glte u 1 l.10 rr "r0 Out DLit,i 0 ChM
_.,_._�..
51.1[°' - .ter.~ d L.i O P- .e.-TAY ,� r, 0
_ ' p/t�nvMO�. / itfC� 1
— 41yl 3 y s —
i
9
ttcylKect t2.'15
Hello