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RESOLUTION
RE: APPROVE RELEASE OF PORTION OF COLLATERAL IN THE AMOUNT OF $31, 462. 75 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 SEy 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 the completion of the water
main and fire hydrants as per Exhibit C of said agreement, in the amount of
$31, 462. 75, 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 $31,462. 75 to Shiloh, Inc. , and
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld
County, Colorado, that a portion of collateral, in the amount of $31, 462. 75,
being 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
940636
(4G )04 , >N146,1, _no)-_0( L) t
PL_695_C)
1
RE: CANCEL 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 6th day of July, A.D. , 1994.
BOARD OF COUNTY COMMISSIONERS
ATTEST: WELD COUNTY, COLORADO
Weld County er t /+ /;; G� ////✓,//
W. H. Webster, Chai man
�Y- ! J,�� ! O h f
Deputy Clerk to the Board Dal . Hall, Pro- em APPROVED AS TO FORM: a '(/�t
<-, �i 1"J
eorge✓E. Baxter
ounty Atto ney Constance L. Harbert
i 4.4{4� ,L�arbara J. me
940636
,t mEmoRAnDum
Board of County Commissioners June 30, 1994
Wi`l a To Date
Greg Thompson, Current Planner
COLORADO From C�
snilon, Inc. release of a portion of collaLeial tut wain „rains
and fire hydrants
Subject:
I visited the site and noted fire hydrants. A hose was hooked up to a fire
hydrant, and water appeared to have come from the hose quite recently, as the
ground was muddy. This indicates to me the water mains are in place.
940636
t mEmoRAnDum
To Lee Morrison, Assistant County //lipi orney June 14, 1994
COLORADO From Greg Thompson, Current Planner 6'
s bj.og f a portion of collateral for S-354 Shiloh Inc.
Please review the enclosed request from the applicant to release $31, 462. 75 for
the installation of a water main and fire hydrants at the Shiloh, Inc. , Planned
Unit Development. ✓ -. '
Thanks for your help.
ff ,�
h.-Ct.
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CiblA Pin)tiL
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49/20/q471 Nidisijfnet-
9e0636
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CEXH`IBIT "A" ' 1 h a 44`
Name of Subdivision: S 4'1�IDh1 L S'T"d ies r9 U• D.
.,#s
Filing: F;nir T I 4
Chou \\ rail Qua II cr 2n �� lownflip LP �r � � 1 e s �4�q f( ii6 ? .'ra
Location: 9 �h 1 t L 7,�Gr�:cn a CSI o7 he r, n
Intending to be legally bound, the undersigned Applicant hereby agrees to provide
throughout this subdivision and as shown on the subdivision final plat County
dated 19 recorded on
19 , in Book , Page No. , Reception No. , ti:e
following improvements.
(Leave spaces blank where they do not apply)
Estimated
ImProvements Unit Cost Construction Cost
Street grading I. 7JL�CQ. Y J /f 1/7�a-
Street base ?, 1D } ALI 340 g+
Street Paving ,{,D0/ Jd 3Oi 170 °-A"
Curbs. gutters . & culverts /R.oe t. /, /AA cut-
Sidewalk
Storm sewer facilities
Retention Ponds
Ditch imvrovements / . ,TOO• m-
Subsurface drainage
Sanitary sewers
Sanitary sewers
Trunk & forced lines
Mains
Laterals (house connected)
On-site sewage facilities
On-site water suvtly & storage
water mains-Includes Bore U.10/2f 30, LAO 3s-
fire hydrants l A I. 04$ 4 /931,-
Survey & street monuments & boxes /// 950
Street lighting
Street name signs .110°-
fencing requirements L40/741. 9.3Gb-AL
Landscaping Al T50o°'
Park imvrovements 41,a/20 A...1, d. sae a
Road Culvert s., « a
Grass Lined Swale room-
Telephone /1,100 se-
Gas 3L / AO a2'
Electric r,so j #. 39 no la-
Water Transfer
SUB-TOTAL if41 CIO °i-
Engineering and Supervision Costs og/5001°'
(testing, inspection, as-built plans and work in addition to preliminary and
final plat; supervision of actual construction by contractors)
B 1445 REC 02391629 06/03/94 12 : 04 $0 . 00 10/013
F 0068 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO
940636
996 P91 SUN 13 '94 15:39
To: Weld County Board of Commisioners
Re: Shiloh Estates PUD
We do hereby request the partial release of collateral for the completion of
water main and fire hydrants as per exhibit C of our improvement
agreement. The amount to be released is $31,462.75 and written notice
should be given to First Interstate Bank of Ft. Collins with reference to
Letter of Credit # 744. Please refer to letter from North Weld Water
District stating that the water line has been completed according to their
specifications.
Sincerely,
leaf
James Scott
Shiloh Inc.
33082 WCR 15
Windsor, CO 80550
686-9326
ojUi i 5 1994
_ l
vat l l;eUnty Planning
Post-It"brand fax transmittal memo 7671 tor pager. a
Co.t Tha.Nf sati Prom�1+Vl SC p#
Dept. Phone p
Fax I Fax M
941°636
094 P01 JUN 10 '94 11:52
BOARD OF DIRECTORS ; ir � �_�
ERNEST TIGGES Nt- Po NORTH WELD COUNTY WATER DISTRICT
GARY SIMPSON
ERNEST ROSS Y ,f �,,. ✓. HIGHWAY 85 • LUCERNE, COLORADO 80646
CM.HARLES AACHZIGER 21 is* LYLE NELSON, MGR.
P.O. BOX 56 • PHONE 356-3020
June 7, 1994
Weld County Board of County Commissioners
915 10th
Greeley Co 80631
RE: Shiloh Estates
Dear Sirs:
The water line at Shiloh Estates has been installed and accepted per North Weld
County Water District specifications.
Sincere
Lyl e , n
Ma ger
D
I,1\__ � «
JUN 101991
Post-Ir brand fax transmittal memo 7671 'xmpages .
Co. Co.
Dept. Phone M
Fax if Fox
JUN 10 '94 10:45 PRGE.001
9110636
to
,,. i7 .t 'Sad' r ",'. 081 P02 MY 23 '94 05.59
4 EXHIBIT "C"
cc kName Of Subdivision: Shiloh Estates P.U.D.
Spy Filing : First
Lacat:on , Southeast Quarter of Section 4, Township 6 North, Range 67 West of the 6th P.M.
This c-xhibit is to be used as a basis for phased release of collateral on the construction of
improvements in the Shiloh Estates P.U.D. as set forth in exhibit "A". The County shall release
portions of collateral as set forth in this exhibit, less 15% warranty collateral upon certified
completion of all items within that phase.
Phase Total Cost Less 15%
Completion of Water main and Fire Hydrants $37,015.00 $31,462.75
Completion of Culverts, Ditch improvement,
Park improvements, Grass Swale $26,180.00 $22,253.00
Completion of Street grading, Street base $42,315.00 $35,967.75
Completion of Street paving $30,770.00 $26,154.50
Completion of Electric Service -$39,520.00 $33,592.00
Completion of Gas Service ' $31,120.00 $26,452.00
Completion of Telephone Service, Fencing,
Street Signs $22,750.00 $19,337.50
Completion of Survey, Street monuments
&. boxes, Landscaping $34,200.00 $29,070.00
Completion of Engineering and Supervision $28,500.00 $24,225.00
Totals $292,370.00 $248,514.50
d I�►VE
\ MAY 2 3 11994 \\
•Uah/rn,tnt,claiming B 1445 REC F 0071 MARY0ANN I 629 06/03/94 2 O
FEUERSTEIINCLERK & REC0RDER WELD CO..DCo
MAY 23 '94 04:53 P.002
002
940636
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