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Home My WebLink About920980.tiff AR230b49? RESOLUTION RE: RELEASE COLLATERAL FOR PHASE 1; ACCEPT COLLATERAL FOR PHASE 2; ACCEPT WARRANTY COLLATERAL FOR PHASE 1; EXECUTE RELEASE OF LOT SALE RESTRICTION FOR PHASE 2; AND AUTHORIZE CHAIRMAN TO SIGN NECESSARY DOCUMENTS - HARRISON RESOURCE CORPORATION/VALLEY VIEW RANCH P.U.D. 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 March 25, 1992, the Board granted Final Planned Unit Development (P.U.D. ) Plan approval, Planning case number S-319, to Harrison Resource Corporation, and WHEREAS, Phase 1 consists of Lots 1, 2, 3, 4, and 5 of Valley View Ranch Planned Unit Development (P.U.D. ) and Phase 2 consists of Lots 6, 7, 8, 9, 10, and 11 of Valley View Ranch P.U.D. , and WHEREAS, Letter of Credit #659, issued by the First Interstate Bank, is acknowledged to cover Phase 2 of the Valley View Ranch P.U.D. , and the Board finds that it is adequate and acceptable to cover the estimated costs of improvements, and WHEREAS, adequate and acceptable warranty collateral, in the amount of $1,324.00 in cash, has been posted to cover 10% of the value of the improvements in Phase 1, less the improvements accepted by North Weld County Water District for a period of one year from June 16, 1992. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that collateral be, and hereby is, accepted and approved for Phase 2 of Valley View Ranch P.U.D. BE IT FURTHER RESOLVED by the Board that warranty collateral be, and hereby is, accepted and approved for Phase 1 of Valley View Ranch P.U.D. BE IT FURTHER RESOLVED by the Board that the Chairman be, and hereby is, authorized to sign the Release of Lot Sale Restriction for Phase 2 of Valley View Ranch P.U.D. B 1354 REC 02306497 10/09/92 09 : 40 $0 .00 1/003 PL0847 F 0759 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 920980 ()go (l (., t'CP KC_) ` t_. 1fU Rssc2N RE: HARRISON RESOURCE CORP. PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 7th day of October, A.D. , 1992. (! ll�� BOARD OF COUNTY COMMISSIONERS ATTEST/() : �i' Qj/j WELD COUNTY, COLORADO Weld County Clerk to the Board George Ken dy, Chairman BY: fi4 � �� f/`' EXCUSED Deputy Clerk to the Board Constance L. Harbert, Pro-Tem APPROVED AS TO FORM: A /,,e” C. W. K'rby,�Sit .C C4 A.,r County At27/7(9744 rn y GM c W. H. stet. , 920980 B 1354 REC 02306497 10/09/92 09 : 40 $0 . 00 2/003 F 0760 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO RELEASE OF LOT SALE RESTRICTION With respect to the "Notice Concerning Restriction on Sale of Lots" recorded on April 13 , 1992 , in Book 1332 under Reception No. 02284134 of the Weld County, Colorado records, notice is hereby given that the lot sale restriction relating to Lots 6, 7 , 8, 9, 10, and 11, Valley View Ranch Planned Unit Development, Weld County, Colorado has been released by the Board of County Commissioners for Weld County by resolution. The aforesaid lots may be sold by the Developer and building permits may be obtained in accordance with County rules and procedures. fh DATED this 77111 day of T� 'Z- , 1992 . BOARD OF COUNTY COMMISSIONERS OF WELD COUNTY By Chairman 4 o 7 ATTEST A/IL f l r Deputy, al- A ding Cle of t11e Ogad B 1354 REC 02306497 10/09/92 09 : 40 $0 . 00 3/003 970-380 F 0761 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO c ,Y(r" B 1332 REC 02284134 04/13/92 10: 53 $10 .00 1/002 i1ft2284Z3q F 0638 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO NOTICE CONCERNING RESTRICTION ON SALE OF LOTS NOTICE IS HEREBY GIVEN that Lots 6, 7 , 8 , 9 , 10, and 11, Valley View Ranch Planned Unit Development, Weld County, Colorado, the Plat for which was approved by the Board of County Commissioners for Weld County on March 25 , 1992 , are subject to a restriction on sale and "County building permits" will not be issued pursuant to that certain Agreement entered into between the Developer and the Board of County Commissioners of the County of Weld on March 90 , 1992 . Said restriction on sale and said County building permit hold shall remain in full force and effect until specifically released in writing pursuant to resolution of the Board of County Commissioners for Weld County, Colorado. DATED this �„--r-° day of aint" , 1992 . BOARD OF COUNTY COMMISSIONERS ATTEST�::--qq � OF WELD COUNTY L r `�Lu' 7,4-:) ' By -4- Deputy, Actin; Clerk irman of the Bcd\ ``,, lit% cl 17 111 DEVELOPER: APR 2 1 1992 HARRISON RESOURCE CORPORATION, �y a Colorado C ration �_.,M39^.eg 77 A ,��^� JI11 4r i v'c,U"""""" Le . c t„ y-. By - c, Timothy W. Has4er, . arrison, Preside-E S EA L ; -- Assistant Se retary r'. o1084O./ •• ti 974028/A 920380 • B 1332 REC O_84134 04/13/92 10 : 53 (w10 .00 2/002 F 0639 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO STATE OF COLORADO ) ss. COUNTY OF LARIMER ) The foregoing instrument was acknowledged before me this day of Fehruery , 1992 , by Craig D. Harrison, as President, and Timothy /W. Hasler, as Assistant Secretary, ... q£ HARRISON RESOURCE CORPORATION, a Colorado Corporation. ' % ENi WITNESS my hand and official seal. `OTA, ' My commission expires: r c,\ rUBUt :_ • G F. ....... "�O. c• brrm .rv„a.•• Notary Public - 2 - 92028 920280 HARRISON RESOURCE CORPORATION [or Your Land And Nalwa,Nesowce Inveslmenls. September 29, 1992 VIA FEDERAL EXPRESS Ms. Lanell Swanson Weld County Planning Department 915 10th Street Greeley, Colorado 80631 Dear Lanell: In regards to the Valley View Ranch P.U.D. Phase I and Phase II Improvement Agreement, please find the following documents: 1. Letter dated September 28, 1992, from First Interstate Bank acknowledging that Letter of Credit #659 is transferred for use in connection with Phase II of the Valley View Ranch. 2. Letter from North Weld County Water District, accepting ownership and maintenance of the fire hydrant and water line as constructed in Phase I. 3. Copy of request letter to adjust the Warranty Collateral amount based on $13,236.00. 4. Check for $1,324.00 as Warranty Collateral. 5. Letter establishing date that the Warranty Collateral would expire. My understanding is that you will be asking the Weld County Commissioners to approve the revised Phase II construction cost estimates and to execute a Release of Lot Restriction on Lots 6, 7, 8, 9, 10, and 11. This package should complete the requirements contained in the Memorandum dated August 27, 1992, from Lee Morrison. Please let me know if you have any questions. Si , Craig Harrison CH/ta Marketing and Information of Front Range Water and Land Resources 760 Whalers Way, Suite A200, Fort Collins,Colorado 80525 (303) 226-4100 FAX(303) 226-6300 9209d0 First Interstate Bank of Fort Collins,N.A. F First P.O Box 578 Fort Collins,CO 80522-0578 Interstate (303) 482-4861 Bank September 28, 1992 Mr. Lee Morrison weld County Attorney Post Office Box 1948 Greeley, CO Dear Mr. Morrison: As you are aware, we have established Letter of credit #659 dated March 27, 1992, for the use and benefit of Weld County. The Letter of Credit was created for the insurance of the completion of the Improvements Agreement dated March 30, 1992. It has been brought to our attention that there are two different Improvements Agreements dated March 30, 1992. One was for Phase I on Lots 1, 2, 3, 4, and 5. It is our understanding that all improvements have been completed to your satisfaction on Lots 1, 2, 3, 4, and 5. We are hereby acknowledging that Letter of Credit #659 is now intended for improvements on Lots 6, 7, 8, 9, 10, and 11 only. If you have any questions regarding this matter, please let us know. Sincerely, Assistant Assistant Vice President Commercial Loan Department EW/maj 4# September 29, 1992 Ms. Lane11 Swanson Weld County Planning Department 915 10th Street Greeley, Colorado 80631 Dear Ms. Swanson: This letter is being sent at the request of Craig Harrison, developer of the Valley View Ranch P.U.D. All work, in connection with water service by our district, has been completed to our specifications in Phase I of the Valley View Ranch, which is located in part of Section 5, Township 6 North, Range 67 West of the 6th P.M. The work was completed by Schmidt Earth Builders of Fort Collins and is ready for service at this time. As planned, perspective customers will have to purchase a domestic water tap prior to actual service being installed to each new home. Harrison Resource Corporation has also completed the installation of the fire hydrant to our specifications at the intersection of Weld County Road #74 and State Highway #257. We have accepted for ownership and maintenance the fire hydrant and water line as constructed in Phase I, serving Lots 2, 3, 4, and 5 of the Valley View Ranch. If you have any questions, please let us know. Sincerely, NORTH WELD COUNTY WATER DISTRICT By: 02 9 �L Lyle a on xc: Craig Harrison The Engineering Company 92;0280 HARRISON RESOURCE CORPORATION nr Yuur and Anil Nat,t II NR4AIr(I'Inveslmenls September 25, 1992 VIA FAX Mr. Lee Morrison Weld County Attorney Post Office Box 1948 Greeley, Colorado 80631 Dear Lee: I have reviewed your memorandum dated August 27, 1992. In reviewing Paragraph 9.8, it tallcs about the 10% warranty collateral which would not include improvements fully accepted for maintenance by the responsible government entity, special district or utility company. It would appear that those items meeting that criteria would be the water mains for $4,400 and the fire hydrants for $2,800. That totals $7,200. My other assumption would be that since the engineering and supervision costs have been completed at $1,500 that no warranty collateral would be needed for these items. That would result in the items needing warranty of $13,236. It would appear that a Certificate of Deposit in the amount of$1,324 should be sufficient to cover the remaining items. I am in the process of getting a letter from North Weld County Water District regarding their acceptance of all the water work in the project. Please let me know if you have any questions. Sincerely, Craig Harrison CH/ta xc: Ms. Lanell Swanson Marketing and Information of Front Range Water and Land Resources 760 Whalers Way, Suite A200, Fort Collins, Colorado 80525 (303) 226-4100 FAX(303)226-6300 920380 HARRISON RESOURCE CORPORATION For Your Land And Natural Resource Inv(strnentn September 29, 1992 Ms. Lanell Swanson Weld County Planning Department 915 10th Street Greeley, Colorado 80631 Mr. Lee Morrison Weld County Attorney Post Office Box 1948 Greeley, Colorado 80631 Dear Lanell and Lee: Here is a check for $1,324.00 to cover the Warranty Collateral for Phase I of the Valley View Ranch P.U.D. My understanding is that assuming no repairs would need to be made to any of the infrastructure in Phase I of our project between now and June 16, 1993, that all funds will be returned to us. The June 16, 1993 date will be exactly one year from the date Drew Sheltinga inspected the Phase I improvements of the Valley View Ranch. Sincere] , Craig Harrison CH/ta Enclosure Marketing and Information of Front Range Water and Land Resources 760 Whalers Way,Suite A200, Fort Collins,Colorado 80525 (303) 226-4100 FAX(303)226-6300 pp Q� J1Qly MEMORAnDU WIiVc. Board of To Weld County Commissioners Date Jul 92 COLORADO From Drew Schel t rga. County Engineer Subject: Valley View Ranch PUD Phase 1 Collateral S-319 I have inspected the Phase 1 improvements in Valley View Ranch PUD as outlined in our improvements agreements with Harrison Resource Corporation. The utilities have been installed, and the street construction and landscaping are complete. The road is a gravel surface and will not be maintained by Weld County. Therefore, the one-year warranty period for the road is not applicable. The collateral for the Phase 1 improvements may be released or transferred to the Phase 2 improvements. The amount of the collateral for Phase 1 was $21,936. The amount of the collateral for Phase 2 should be $24,502. DS/gb:s319 cc: Commissioner Webster Lee Morrison, Assistant County Attorney Lanelle Swanson, Planning Clerk to the Board Subdivision File - Valley View Ranch S-319 Craig Harrison Harrison Resource Corporation 760 Whalers Way, Suite A-200 Ft. Collins, CO 920290 Hello