HomeMy WebLinkAbout940856.tiff RESOLUTION
RE: APPROVE RELEASE OF PORTION OF COLLATERAL IN THE AMOUNT OF $33,592.00 FOR
SHILOH, INC. (S #354)
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 25, 1994, the Board did approve an
Improvements Agreement According to Policy Regarding Collateral for Improvements
(Private Road Maintenance) with Shiloh, Inc. , concerning property described as
a tract of land situated in the SE* of Section 4, Township 6 North, Range 67 West
of the 6th P.M. , Weld County, Colorado, and
WHEREAS, pursuant to said agreement, Letter of Credit #744, drawn on the
First Interstate Bank of Fort Collins, N.A. , P.O. Box 578, Fort Collins, Colorado
80522-0578, in the amount of $292,370.00 was submitted to Weld County, and
WHEREAS, James Scott, of Shiloh, Inc. , has presented the Board with a
request for partial release of said collateral for installation of electric
service; the amount requested for release reflects the 15 percent retained for
warranty, per Exhibit C of said agreement, in the amount of $33,592.00, and
WHEREAS, after study and review, and based on the recommendations from the
Department of Planning Services and County Attorney staff, the Board deems it
advisable to approve said request to release said portion of collateral in the
amount of $33, 592.00 to Shiloh, Inc.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that a portion of collateral, in the amount of $33,592.00, held
by Letter of Credit #744, drawn on the First Interstate Bank of Fort Collins,
N.A. , P.O. Box 578, Fort Collins, Colorado 80522-0578, in the total amount of
$292,370.00, be, and hereby is, released.
PL0952
940856
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PL[ R62
RE: RELEASE PORTION OF COLLATERAL - SHILOH, INC.
PAGE 2
The above and foregoing Resolution was, on motion duly made and seconded,
adopted by the following vote on the 12th day of September, A.D. , 1994.
BOARD OF COUNTY COMMISSIONERS/01ATTEST:
G���x� WELD COUNTY, COLORADO
Weld o��my Llerk to the BBooa(rd " t(jid r
W� ebster, Cha'rman
BY:
Deputy Clerk to the Boar Dale K. Hall, Pro- em
APPROV AS TO FORM: .cF� A c
/George-E. Baxter
County At orney tance L. Harbert
Barbara J. Kirkm er
940856
DEPARTMENT OF PLANNING SERVICES
PHONE(303)353-3845, EXT. 3540
WELD COUNTY ADMINISTRATIVE OFFICES
1400 C. N. RA AVENUE
GREELEY, COLORADO 80631631 COLORADO
September 11, 1994
Board of County Commissioners
915 Tenth Street
Greeley, CO 80631
Subject: Partial release of collateral for Shiloh, Inc. Case number S-354 located in part of
the SE4 of Section 4, Township 6 North, Range 67 West of the 6th P.M., Weld
County, Colorado
Dear Commissioners:
The Collateral for improvements for Shiloh, Inc. was approved by the Board of County
Commissioners on May 25, 1994. The improvements agreement provided for partial release of
collateral. Mr. James Scott, Shiloh Inc., in his letter of August 22, 1994, has requested partial
release of collateral in the amount of$33,592, for installation of electric service. The total
amount secured for the installation of electric service was $39,520.00. The amount requested to
be released reflects the 15%to be retained for warranty, as provided for in the collateral
agreement.
The Department of Planning Services staff requests that the Board approve the requested partial
release of collateral in the amount of$33,592.00.
Respectfully submitted,
. Sc uett
-d'�
Current Planner II
pc: S-354
9 408 56
mEmoRAnDum
Lee Morrison, Assistant County Attorney August 24, 1994
To Date
Greg Thompson, Current Planner /[
COLORADO From L�
Request for release of portion of collateral for Shiloh, Inc.
Subject:
Please review the enclosed request from the applicant to release $33,592.00 for
the completion of electric service. We, in Planning, appreciate your assistance.
J I giTic
1� AUG 3 1 1994
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(:"_ 2)� 940856
To: Weld County Board of Commissioners • • 08-22-94
Re: Shiloh Estates PUD
We do hereby request the partial release of collateral for the completion of
Electric Service as per exhibit C of our improvement agreement. The
amount to be released is $33,592.00 and written notice should•be given to
First Interstate Bank of Ft. Collins with reference to Letter of Credit #
744.
Sincerely,
James Scott
t
Shiloh Inc.
• 33082 WCR 15
Windsor, CO 80550
686-9326
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X1994
AUG 2
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•
940856
INTERNAL CASE MEMORANDUM
TO: 6k / Li avrDjm s7 FROM: /46,d, 5c_ /utf�'
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NAME: /
LEGAL DESCRIPTION OF PROPERTY: S h L.---571;
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DATE: 60- y _ y y
CASE NUMBER:
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940856
10.0 P01 RUG 24 '94 15:28
Poudre\R
POUDRE VALLEY RURAL Valley EA
ELECTRIC ASSOCIATION , INC .
4809 SOUTH COLLEGE AVE • P.O.BOX 272550 FORT COLLINS • 226-1234
FORT GOWNS,COLORADO 80527-2550 FAX NO. • (303) 226-2123
August 24, 1994 W.O. 25887
James G. Scott, Jr.
33082 Weld CO RD 15
Windsor, CO 80550
RE: ELECTRIC SERVICE FOR SHILOH ESTATES
TO WHOM IT MAY CONCERN:
Poudre Valley REA has completed their portion of the electrical
installation for Shiloh Estates as stated in the Contract for
Electric Service and Facilities Agreement dated June 7, 1994.
If you have any further questions, please call our office.
Sincerely,
AUG 2 1994
Terry /Fielding Li
Engineering Representative
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Dept. ! Phone*
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A:\TF\W025887 . 1
GREELEY •686-7431 LONGMONT• 776-1084 DENVER •623-8606 1-800-432-1012
AN EQUAL OPPORTUNITY EMPLOYER
RUG 24 '94 14:22 PRUE.001
940856
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