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RESOLUTION
RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL - CHARLES HAYS,
XTRA CORPORATION
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 13, 1991, the Board did approve an Agreement
Regarding Collateral for Closure and Improvements with Charles Hays, Xtra Corporation,
concerning property described as SE% of the NW% of Section 8, Township 2 North, Range 68
West of the 6th P.M., Weld County, Colorado, and
WHEREAS, pursuant to said agreement, a one-year Money Market account#257-400-
6542, with the First Bank of Longmont, in the amount of$27,791.57, was submitted to Weld
County, and
WHEREAS, it has been determined by the Board that the collateral being held by Weld
County is no longer necessary to secure said agreement, and
NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of
Weld County, Colorado, that the one-year Money Market account#257-400-6542 with the First
Bank of Longmont, in the amount of$27,791.57, be, and hereby is, cancelled and released.
BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby
is, directed to return said collateral to the appropriate issuing party.
The above and foregoing Resolution was, on motion duly made and seconded, adopted by the
following vote on the 18th day of February, A.D., 1998.
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
ATTEST: %1r^i�%I)� EXCUSED
Constance L. Harbert, Chair
Weld Count �� tr- ' ii
r W. H. Webster, Pro-TrV
BY:
Deputy Cle ' * •
Dc
/ r e . Baxter
APP AS RM:
Dale K. Hall
my Attor y
Barbara J. Kirkmeyer
111111111111111111 IIII 111111 IIII 1111111 III 11111 IIII IIII 980303
, 2598281 02/25/1998 02:40P Weld County CO PL0404
1 of 1 R 0.00 D 0.00 JR Suki Tsukamoto
C- ..
tIBANC
OF SOUTH LONGMONT m"""".o FLORIDA AND MAIN LONGMONT,COLORADO 80501 303-772-3000
Account Number 692-1469
Deposit Amount $26,500.00
Date Open December 6, 1990
Maturity Date One Year
Xtra Corporation Interest Rate 6.766%
998 East Highway 119
Longmont, CO 80503
Dear Mr. Bigelow d Mr. Hayes:
Thank you for o e 'ng a new one (1) year Money Market account with us.
The balance in r account ill earn interest at the rate shown above
until maturity ou 11 r ceive notification ten days prior to maturity.
You may withdraw u up o ten days after maturity without penalty.
If you elect to p thi account open, it will renew for another one
(1) year term at th cur t rate. However, at all times the balance
it this account must rema $50. 00 or more, and no additional deposits
may ade to this account cep f renewal.
There will be a . ._tantial penalty . e: rl withdra . In the case
of this one (1) year - . .e Market acco - , pena y w.uld be equal
to ninety (90) day's inter- computed at t'e no' ' l ( mple) interest
rate on the amount withdrawn. may be neces .. n ome instances
to assess a portion of the penalty . :-inst the p pal balance of the
account. The penalty will not be appl in the e -nt of the death or
mental incompetency of any owner of this ac • nt.
Interest is compounded daily and at your option, se -al interest payment
methods are available. You will receive a statement quarterly and at
maturity. All accounts are governed by the bank's rules and regulations
posted in the lobby. If you need additional information, please contact
us at 772-3000. Thank you again for the deposit.
S )cerly,
1 f m Shoemaker
esident Pt
WBS/mw
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P yVe701
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IlDCLERK TO THE BOARD
C. PHONE (970) 356-4000, EXT.4227
FAX: (970) 352-2-0242
P.O. BOX 758
COLORADO GREELEY, COLORADO 80632
March 3, 1998
Jason N. Remmerde
Assistant Vice President
1st Bank of Longmont
1707 North Main Street
P.O. Box 629
Longmont, CO 80502
RE: Release of collateral for Xtra Corporation:
Dear Mr. Remmerde:
Enclosed please find a copy of a resolution releasing the collateral held in a Money Market account
#257-400-6542, held by Xtra Corporation. The Board of County Commissioners has determined
that the funds are no longer required.
If you have questions or need additional information, please do not hesitate to contact me at
(970) 356-4000, Extension 4218.
Sincerely,
KirAberlee Schuett
Deputy Clerk to the Board
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