HomeMy WebLinkAbout881181.tiff RESOLUTION
RE: APPROVE AMENDMENT TO POLICY ON COLLATERAL FOR IMPROVEMENTS
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, the Board has adopted a Policy on Collateral for
Improvements and has placed such policy in the Weld County
Administrative Manual, and
WHEREAS, the Board deems it advisable to amend the second
paragraph of Section I .B. of the Policy on Collateral for
Improvements.
NOW, THEREFORE, BE IT RESOLVED by the Board of County
Commissioners of Weld County, Colorado, that the second paragraph
of Section I.B. of the Policy on Collateral for Improvements which
is a part of the Weld County Administrative Manual be, and hereby
is, amended to read as follows:
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
conveyance 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
Request for Release of Collateral (see III) .
BE IT FURTHER RESOLVED by the Board that said amendment to
the Policy on Collateral for Improvements be included in said
Administrative Manual.
881181
plod S
Page 2
RE: AMENDMENT TO POLICY ON COLLATERAL FOR IMPROVEMENTS
The above and foregoing Resolution was , on motion duly made
and seconded, adopted by the following vote on the 12th day of
December, A.D. , 1988 .
w BOARD OF COUNTY COMMISSIONERS
ATTEST: �f� ,� , WEL OUNTY, COLORADO
M.? J
Weld County erk and Recorder it%it.
and Clerk to the Board Gene R. Brantner, Chairman
BY: a/277C.W. Kirby, P o-Tem
Deputy �it my et_if
� A.
�w .
APPROVED AS TO FORM: �Tacjque ne Jo son
///� EXCUSED DATE OF SIGNING - AYE _
/ Gordon E Lacy
iPiounty Attorney g ,,; -- �/ sc- ,
Frank Yamaguchi
881181
POLICY ON COLLATERAL FOR IMPROVEMENTS
EXISTING - 2nd Paragraph of Section I.B.
The applicant may choose to provide for a phased development by means
of designating portions of a Planned Unit Development, Subdivision, or
Change of Zone that the applicant wishes to develop. The applicant
would need only to provide collateral for the improvements in each
portion of said Planned Unit Development, Subdivision, or Change of
Zone as he proposed to develop them; the County will place restrictions
on those portions of the Planned Unit Development, Subdivision, or
Change of Zone which are not covered by collateral which will prohibit
the conveyance of the property or the issuance of building permits on
said portions until collateral is provided for those portions or until
improvements are in place and approved pursuant to the requirements for
a Request for Release of Collateral (see III) .
PROPOSED - 2nd Paragraph of Section I.B.
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 conveyance 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 Request for Release of Collateral (see III) .
881181
mEmORAn®Um
To_ Date Boardof County Commissioners December 12, 1988
_._ Q
COLORADO From Department of Planning Services C
Subject._ Policy on Collateral for Improvements
The department would recommend that the proposed amendment to the second
paragraph of Section I.B. of the policy on collateral for improvements be
approved. The existing language has caused some confusion regarding the
intent and interpretation. The amendment would clarify the text and allow
n for the development of designated filings in PUD Plans and Final \Flat)
Subdivisions. If the amendment is approved, the department will amend the
appropriate Sections of the Subdivision Improvements Agreement to coincide
with the recommended changes.
8811 M1
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