HomeMy WebLinkAbout941194.tiff RESOLUTION
RE: APPROVE RELEASE OF PORTION OF COLLATERAL IN THE AMOUNT OF $19,337.50
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 completion of telephone service, fencing, and street signs, in the amount
of$19,337.50, and
WHEREAS, after study and review, and based upon the recommendations from the
Department of Planning Services and County Attomey staff, the Board deems it advisable to approve
said request to release said portion of collateral in the amount of $19,337.50 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$19,337.50, 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.
The above and foregoing Resolution was, on motion duly made and seconded, adopted by
the following vote on the 5th day of December, A.D., 1994.
;duet BOARD OF COUNTY COMMISSIONERS
ATTEST: Iry d /
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Weld County Clerk to the Board 1 ,A;
Webster, C airm
BY: (r
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Deputy Clerk to e Board t Dale K. Hall, Pro- em
APP AS TO FORM/-h EXCUSED
George E. Baxter
EXCUSED
unty Attorn y Co tance L. Harbert
697i 4,7:G 4/ .147.4 /0 7(</2
Barbara J. Kirkmeyer
941194
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IlDDEPAINT1OF PLANNING SERVICES
WTO "- ` " HONE (303)353-6100,EXT.3540
FAX (303)351-0978
C. WELD COUNTY ADMINISTRATIVE FFICES
1400 N. 17TH AVENUE
COLORADO GREELEY,COLORADO 80631
November 30, 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
the collateral. Mr. James Scott, Shiloh, Inc. in his letter of November 14, 1994, has requested
partial release of collateral in the amount of$19,337.50, for the completion of telephone service,
fencing, and street signs. The total amount secured for these items was $22,750.00. The amount
requested to be released reflects the 15%to be retained for warranty, as provided 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$19,337.50.
Sincerely,
- Current Planner II
pc: S-354
941194
SERVICE,TEAMWORK,INTEGRITY,QUALITY
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LU}3VEST
COMMUNICATIONS
November 18 , 1994
Greeley, CO 80634
Weld County Planning
1400 N. 17th Avenue
Greeley, CO 80631
ATTENTION: Keith Schuett
Dear Sir :
U S WEST Communications has placed cable in the subdivision
known as "Shilo Estates" , which is located in Weld County.
Should you have any questions, comments, or concerns, please
don' t hesitate to call . You may contact me on (303) 350-2917 .
Sincerely, n
Jo ne Braden - Engineering Specialist �?enlln3F-9,1�v/1 1
,
NETWORK & TECHNOLOGY SERVICES 1994
1 NOV "
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cc : Jim Scott
33082 Weld County Road 15
Windsor, CO 80550
941194
•
EXHIBIT "C"
Name Of Subdivision: Shiloh Estates P.U.D.
Filing : First
Location , Southeast Quarter of Section 4, Township 6 North, Range 67 West of the 6th P.M.
This exhibit 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 $22,500.00 $24,225.00
Totals $292,370.00 $248,514.50
lKm 2 3 1994 \\
-fa r,.nnt i Plant
B 1445 EEC 02391629 06/03/94 12 : 04 $0 . 00 13/013
P 0071 MARY ANN PEUERSTEIN CLERK & RECORDER WELD CO, CO.
' MAY 23 '94 04:53 PAC£.002
941194
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