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HomeMy WebLinkAbout972086.tiff_ .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. .. 993 RESOLUTION RE: APPROVE CANCELLATION AND RELEASE OF COLLATERAL -GARY SCHNEIDER\ RANGEVIEW RANCHES -S #365 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 November 23, 1994, the Board did approve an Improvements Agreement According to Policy Regarding Collateral for Improvements (Private Road Maintenance) between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and Gary Schneider/Rangeview Ranches, S #365, and WHEREAS, pursuant to said Improvements Agreement, Irrevocable Letter of Credit #131 drawn on the 1st Choice Bank, 2164 35th Avenue, Greeley, Colorado, in the amount of $170,000 and dated August 25, 1995, and WHEREAS, on August 15, 1997, Don Carroll, Project Coordinator for the Weld County Public Works Department, conducted a visual inspection and hereby recommends release of said collateral, and WHEREAS, upon recommendation of the Department of Planning Services, the Board deems it advisable to release said collateral in accordance with the terms of said Improvements Agreement. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that Irrevocable Letter of Credit#131 drawn on the 1st Choice Bank, in the amount of$170,000, be, and hereby is, canceled and released. BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby is, directed to return said letter of credit to the appropriate issuing party. 2573993 8-1632 P-286 10/14/1997 10:40A PG 1 OF 2 REC DOC Weld County CO JA Suki Tsukauoto Clerk & Recorder 0.00 9/2086 /Li r/I S'chneu{er SUBD RELEASE OF COLLATERAL - RANGEVIEW RANCHES - S #365 PAGE 2 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 24th day of September, A.D., 1997. BOARD OF COUNTY COMMISSIONERS litip, WELD OUNTT,C LORADO ATTEST: i ill.41:4 / .r 442 Weld Count le V••46.0.4 s I Geor E. Baxter, Chair nstance L. Harb- , Pro-Tern Deputy Clerk to"rP-' d L S'i� - -_ a e K. Hall p / / APP AS TO F RM: AaraJ. Kirkmeyer / y Attorn W. H.'' ester 2573993 B-1632 P-286 10/14/1997 10:40A PG 2 OF 2 972086 SUBD . j. 'At MEMORANDUM CTO: Board of County Commissioners DATA: 17, 1. . COLORADO FROM: Don Carroll, Project Coordinator Pet SUBJECT: Release of Collateral on Case S-365 The Weld County Public Works Department recommends the full release of collateral in the form of a $170,000 irrevocable letter of credit. The release is requested for Case S-365, Rangeview Ranches, a 13-lot subdivision, in SW4 of Section 21, T5N, R4W of the 6th P.M., Weld County Colorado. The street and utility improvements have been completed to the County's standards. cc: S-365 file m:wpfiI es\engineer\release 972086 estM `,‘Afr McComb Realty Service, Inc. 928 13th Street,Suite 4•Greeley,Colorado 80631 •(970)353-3200•FAX(970)353-3268 August 11, 1997 Weld County Planning Department Gloria Dunn 1400 North 17th Avenue Greeley, CO 80632 RE: Rangeview Ranches at Kersey (Release of Collateral) Dear Gloria: Gary Schneider is requesting a full release of collateral involving Rangeview Ranches located at Kersey. The final requirement of one year of use on Rangeview Drive has been met. I have included a copy of the last correspondence on the matter for your review. If you have any questions or other items that need attention, please call me at my office at 353-3200. Sincerely, Richard Sitzman Owner/Broker mas cc: Don Carroll-Weld County Public Works Gloria Dunn-Weld County Planning Dept. Gary Schneider-Owner/Rangeview Ranches 972086 214 5 cc g o* _ s00.26'03"c ._ _ _ • _ 300-28103"E \ 1468.18' .11{2.{{• ' �� NP '\• 7777 :.t / f'I 40Y„411 oY41 ' �\\'\•\\ 3�p ; . ff .`: / / iF2 = slgs i-«y o ' ::. :::: sms mo 4gf lq an \\\ ( x 17\ �� --� a \ '1 ; Ni::. W - y. 4 5 \ g I / 11 x I I / LI:: b ,. o ❑ ' *11 1 r' IIo €l1 z ill I q_ 11 j ogg6 / — � ^ 3 J / • • - : —a IN01'04'10"W to it.11 ___, t 5.- ti: ,,,,,. I 10En 6A „ t _A2. z z.: ul :LV lel :23'2 Ji•/ • CO w0' i/ w I P. -i_ —'� SO1'04110'E L § -' 9r-300.00'-- °'� 1J J I 't i1' -- T �r� I '''\, Nj? I I f\ 604 ` J ', 1! I \• l N I \ \ I'- \ s igg o o. I 6„' i I I is; \ I i vI \ � gI I ) ; J I 9 u0I ' I I �/ 1 L +/ rnin 1 ' q g —I I' :bE 121_ S # Zr gig i I 1�1 * E_t o _ 1150 62' .— _ 6tr NO0'06 35-W N00'06'35.W • ---`-- —1495.83' • W.C.i7L. 33 r . . - • s s i , I , I J Y� e McComb Realty Service, Inc. 928 13th Street,Suite 4•Greeley,Colorado 80631 •(970)353-3200•FAX(970)353-3268 March 6, 1997 Weld County Dept. of Planning Services. Gloria Dunn 1400 N. 17th Avenue Greeley, CO 80632 RE: Rangeview Ranches at Kersey (release of collateral) Dear Gloria: As per my phone conversation with Gloria on February 21, 1997, I am submitting this letter to define the status of the collateral requirement for Gary Schneider on Rangeview Ranches. The final item being required by Weld County is proof that Rangeview Drive has been in place and in use for one full year. I have included a copy of the final bill for the road project which was completed in August, 1996. As I discussed with Gloria, Gary Schneider is not requesting a partial release of collateral at this time, instead he will wait until August of this year and request a 100% release of collateral for the project.. If you have any questions, please call me at my office at 353-3200. I will submit a formal request in August along with a follow up phone call with Gloria. Thank you for your time. Rangeview Ranches has proven itself to be an extremely attractive Weld County Subdivision and a quality addition to the Kersey area. Sincerely, Rich Sitzman Owner/Broker of McComb Realty Service, Inc. mas cc: Don Carroll-Weld County Public Works 0 `? Gloria Dunn-Weld County Planning Dept. Gary Schneider-Owner 972086 LOLOFF CONSTRUCTION INC. PHONE 353-1621 EXCAVATING AND CONTRACTING KERSEY, COLO. 80644 MCCOIIB REALTY SERVICES RAN,FVTF'd ACRES Richard Sitzman 928 13th Street Greeley, CO 80631 STATEMENT OF YOUR ACCOUNT FOS August 1B 96 DAY pesosIFTION NO.RnS. CHARGES CREDITS BALANCE 613 Scraper shapeing road 9 65.00 per hr 18 1170.CO J .D 510 Backhoe @35.00 per 2 70.CO Ford Tractor cutting weeds @ 25.00 per hr 2' ;62. E0 1129.74 tons Crushed Asphalt @ 7. 50 per ton delivered 8473. 0` Slade working asphalt for road 0 65. 00 per hr 11 hrs 715 SW , • Sum Total Amount due 1C4rn 55 Culbert install to oil battery 20' material 294. 58 Backhoe time 3' hrs@35.00 pb0:64 YSbor 2 hrs @ 8. 5)oer hr 139. 50 Culbert installed across road 40" material 465. 80 Backhoe 4 hrs @35.00 per hr 14:1. 00 Labor 3 men 6 hrs each @ 8. 50 oer hr 13 hrs 153. 00 Total amount due 116E4. 43 972086 MEMORANDUM IITO: Don Carroll, Weld County Public Works September 9, 1997 COLORADO FROM: Gloria Dunn, Current Planner SUBJECT: S-365, Rangeview Ranches in SW4 of Section 21, TSN, R64W of the 6th P.M., Weld County, CO This subdivision final plat application was filed by Mike and Pam Guttersen in 1994, and the Improvements Agreement (private road maintenance) was completed between the Board of County Commissioners and Mr. Gary Schneider who is present landowner of the property in 1995. Mr. Richard Sitzman represents Mr. Schneider in this request for release of collateral. The county holds a $170,000 irrevocable letter of credit for street and utility improvements to the 13-lot subdivision which is located south and adjacent to the Town of Kersey. All documentation required by Section 9 (Request for Release of Collateral) of the Improvements Agreement has been submitted and is included with this referral. The Department of Planning Services' staff has no conflict with full release of the $170,000 irrevocable letter of credit at this time. SERVICE,TEAMWORK,INTEGRITY,QUALITY 972086 Intermill Land Surveying -Registered in Colorado& Wyoming- 1301 N. Cleveland Ave. `k:. ' ®` Loveland, Colorado 80537 ��/y) (970) 669-0516w. � �it s� Fax (970) 635-9775 • Weld County Planning Dept. P-93-2070 NOV 0 199b October 14, 1996 Weld County Planning Departments ,.: 1400 N. 17th Avenue Greeley, CO. 80631 re: Request for Release of Collateral for Rangeview Ranches (Developer - Gary Schneider) situate in the SW 1/4 of Section 21-5-64. To Whom It May Concern; This letter represents a formal request to release collateral for the entire project known as "Rangeview Ranches". Please find enclosed, supporting documentation as required by the County for the release of collateral. It was found that this project was constructed in substantial compliance with approved plans and specifications as submitted to the Weld County Planning Department. I would like to remind you that the interior road as constructed for this subdivision shall be owned and maintained by the Homeowners Association. If you should have any questions or concerns, please feel free to contact me at (970) 669-0516. Thank you for your time and attention to this matter. Sincerely, Intermill Land Surveying, Inc. C r w1 Steve Stencel Project Manager 972086 FOUNDATION II Consulting ENGINEERING IlEniimen. w. September 30 , 1996 Commission No . : 1116-48-01-07 Intermill Land Surveying 1301 North Cleveland Avenue Loveland, Colorado 80537 RE : Rangeview Ranches, Larimer County, Colorado Gentlemen : We have visually inspected the above referenced subdivision. Based upon our observations, it is our opinion that the project "as built" is in substantial compit An th pians and specifications . If you have any questiort9c ,,,\WA,411tree to call . Respectfully, -' r ' 4LI 22„...... s_ Kevin W. Patterson, P. . e FOUNDATION ENGINEERWG 4:vi. i.' ':. ENGINEERS, LTD. KWP/jle 5110 Granite Street • Loveland,Colorado 80538 • (970)663-0138 • Fax(970) 663-1660 515 Main Street,Suite C • Longmont, Colorado 80501 • (303)702-0661 972086 aWe CENTRAL WELD COUNTY WATER DISTRICT August 2, 1996 Weld County Commissioners Weld County, Colorado RE: Rangeview Ranches Subdivision To Whom It May Concern: This letter is regarding the Rangeview Ranches Subdivision located in Section 20, Township 5 North, Range 64 West of the 6th P.M., Weld County, Colorado. The water infrastructure construction has been paid for and completed as of May 15, 1996, to the thirteen lots on Rangeview Drive in the Rangeview Ranches Subdivision in accordance with the Central Weld County Water District guidelines. Please advise if there are any questions. Sincerely, CENTRAL WELD COUNTY WATER DISTRICT AWZ I General Manager JWZ/ca 2235 2nd Avenue • Greeley, Colorado 80631 • (970) 352-1284 • John W. Zadel, General M—anev6 GREELEY GAS COMPANY August 1, 1996 Weld County Planning 1400 N 17th Avenue Greeley, CO 80631 Subject: Notification that the Greeley Gas Company has installed a natural gas main extension to Rangeview Ranches in Kersey. c, LL Weld County Planners: A signed main extension contract and a deposit of$8,505.00 m from Gary Schneider allowed the Greeley Gas Company to • provide natural gas to the thirteen lots of the Rangeview Ranch Subdivision on January 12, 1996. L. RP Each of the parties agree that the main extension shall belong to Greeley Gas as the sole and absolute owner thereof, and the g expense of maintenance and operation shall be borne by Greeley Gas. • The main is available for each of the residential customers to connect with a service line. Several residences have been built and served with natural gas. If you have any questions, please telephone Chris Sarchet at 304-2080 at the Greeley Gas Company. Thank you, • Chris Sarchet • Marketing Specialist w w 0 972086 Poudre \ RE POUDRE VALLEY RURAL Valley A ELECTRIC ASSOCIATION , INC . 7649 REA PARKWAY • P.O. BOX 272550 FORT COLLINS • (970) 226-1234 FORT COLLINS, COLORADO 80527-2550 FAX NO. • (970) 226-2123 1-800-432-1012 September 4, 1996 Weld County Planning 1400 N 17th Ave. Greeley, CO 80631 RE: RANGEVIEW RANCHES - WORK ORDER a 27490 , ;28526 INSTALLATION OF POUDRE VALLEY REA' S ELECTRICAL FACILITIES TO WHOM IT MAY CONCERN: All necessary electric facilities have been paid and completed in Rangeview Ranches Phase I and II . Poudre Valley REA accepts all responsibility and future maintenance of the electric facilities as per Facilities Agreements dated November 28 , 1995 and December 22 , 1995 . If you have any further questions regarding , please call our office. Sincerely, 7 Terry�Flieellding " Engineering Representative pl xc : McComb Realty Service, Inc . Rich S it zman 928 13th Street, Suite 4 Greeley, CO 80631 J:\LETTERS\TF\2749028 . 526 AN EQUAL OPPORTUNITY EMPLOYER 972086 %. Multiple in Listing Service McComb Realty Service, Inc. REALTOR°MLS 928 13th Street,Suite 4•Greeley,Colorado 80631 •(970)353-3200•FAX(970)353-3268 October 18, 1996 Weld County Planning 1400 N. 17 Avenue Greeley, Co. 80631 RE: Rangeview Ranches, Kersey, Co. Weld County Planners: Numerous attempts have been made to obtain confirmation of service from U.S. West. The main line was paid for and installed in January of 1996. Service began in September of 1996 to all current residents. On October 9, 1996 I visited with Carole Veysey of the U.S. West Developer Contact Group-1-303-784-0267. She said her discussion with Sue Skaley of the U.S. West Engineering Department- 350-2914, had determined that this information had not previously been required by Weld County. As a result they will not submit a letter of confirmation to Weld County. Sincerely, Richard D. Sitzman McComb Realty Service, Inc. RDS/ncm 972086 Kersey Volunteer Fire Department and Rescue Squad P.O. Box 16 Phone 353-3890 Kersey, Colorado 80644-0016 November 5, 1996 To: Planning and Zoning Per the request from Richard Sitzman you need to have a pressure test done on Fire Hydrant in Range View on WCR 53, Kersey. The Kersey Fire Department tested these hydrants on 10-03-96 and it had a pressure test of 110 lb. We will be doing flow testing on these hydrants in the spring of 1997. If you have any further questions please contact me at 352-7248 between 10:00 AM and 6:00 PM Sincerely, avi Wright, Fire C f Kersey Vol. Fire Dept. & Rescue Squad 972086 ST IRREVOCABLE LETTER OF CREDIT NO. 131 2164 35th Avenue Greeley,Colorado 80634 Phone:(303)330-3300 • 1 August 25, 1995 Government of Weld County,Colorado ATTN: Keith Schuett 1400 N. 17th Avenue Greeley,CO 80631 RE: Range View Ranches do Chuck Butane W.C.R.53 ' Kersey,Colorado 80634 ATTN: Keith Schuett We hereby open our Irrevocable Letter of Credit in your favor for the account of Chuck Butzine,3527 West 12th Street,Greeley,Colorado,80634,for a sum not to exceed the aggregate of$170,000.00,(One Hundred Seventy Thousand and No/100). Each draft so drawn must be marked"Drawn under 1ST CHOICE BANK,2164 35th Avenue,Greeley,Colorado, Letter of Credit No. 131"and be accompanied by a"signed statement from the Board of County Commissioners of Weld County,Colorado stating the Gary Schneider has committed a material breach of the Improvements Agreement According to Policy Regarding collateral for Improvements regarding Range View Ranches subdivision dated the 27th day of September , 1995 by and between Gary Schneider and the Board of County Commissioners of the County of Weld." This credit is subject,so far as applicable,to"The Uniform Customs and Practice for Documentary Credits, 1983 Revision,The International Chamber of Commerce Publication No.400." We hereby agree with you that all drafts drawn under and in compliance with the terms of this credit will be duly honored and presented for payment to our main office, 1ST CHOICE BANK,2164 35th Avenue,Greeley,Colorado, 80634. This letter of credit will expire on August 25,1996 at 5:00 P.M. This letter of credit is automatically extended,without amendment,for additional one year periods from the current expiration or any future expiration date unless 60 days prior to such current expiration date 1ST CHOICE BANK notifies beneficiary in writing that the letter of credit will not be renewed.In the case you receive such a notification, you may draw by presentation of the following:(a)a draft at sight on 1ST CHOICE BANK;(b)a statement purportedly signed by an official of the Board of County Commissioners of Weld County,Colorado stating that we have received notice from 1ST CHOICE BANK the Letter of Credit No. 131 will not be renewed and that Chuck Butzine has failed to provide proof of adequate collateral and substitution of this Letter of Credit No. 131;(c)Copy of letter from 1ST CHOICE BANK stating non-renewal of Letter of Credit No. 131 and the original letter of credit. Yours Truly, Darrell McAllister CEO 972086 • 6 MEMORANDUM TO: Gloria Dunn, Current Planner DATE: August 21, 1997 CFROM: Don Carroll, Project Administrator S • COLORADO SUBJECT: S-359, Release of Collateral for Rangeview Ranchettes (Privately maintained) The applicant has requested a final release of collateral involving Rangeview Ranchettes located at Kersey. I reinspected the improvements at the site and reviewed the documents on August 15, 1997. I have no conflict with releasing the collateral for the road or the related items. COMMENTS: I recommend that the road is graded at least once per month to provide an adequate driving surface for the subdivision. Additional recycled asphalt should be added periodically to maintain a high level of service to the residents. cc: Commissioner Harbert S-359 plan19 Weld Count), Planning Dept. AUG 2 6 199; 972086 61(1,f1., MEMORAnDU Gloria Dunn, Current Planner November 25, 1996 To Date COLORADO Don Carroll, Project Coordinator IQ14C' From S-365, Gutterson Request for Release of Collateral for Range Subject: View Ranchettes At the request of the applicant's representative, Steve Stencel, Project Manager for Intermill Land Surveying, the Weld County Public Works Department reviewed the "as built" plans to verify the typical cross section as well as Exhibit "A" from the Subdivision Improvements Agreement. Jim Brewer, Weld County Materials Inspector, verified the existing cross section by random sampling four sections of the road. Two of the four samples indicated that the applicant needs to add asphalt milling in the identified location on the attached sheet. We have flagged the two areas with a florescence flag that need additional asphalt milling to match the typical cross section of six inches of road base. The entire road needs to be reshaped, rebladed, and recompacted. There are two areas where the utility companies have crossed the road causing minor speed bumps. These cuts need to be reworked to align the existing road surface. The four proposed culverts have not been installed as per the plan. I will be withholding $4,080 for collateral. The item breakdown is as follows: Street grading $ 500.00 Street base 2,500.00 Culverts 1,080.00 Once these items have been completed or installed, I will reinspect the area upon request of the applicant. cc: Commissioner Hall S-365 plan3 972086 2086 ///c%G M,vo,e V/,c ,A4/c. ,�7-s °Ace /cArAzess se L3,csF e % 1e-v 1 ,r. ,G- d o G,q,v, 3 H ,FAST ,e4,49, /4/, /.3o� i-ro 7 c'/z DE SA c .145:e m-gre/fi4 Cc.€-ncilcrac o, c /v Si.S77,4/ ,9S/"/V49G T /`91/L L Wei GA0,70429 Jti �Ae2,ey/, 7e, "141 , ki 4r, 9'72086 Intermill Land Surveying -Registered in Colorado& Wyoming- 1301 N. Cleveland Ave. ,�ar Loveland, Colorado 80537 �" �j L , Fax (970) 635-9775 January 20 , 1997 Weld County Public Works Department Attn: Don Carroll , Project Coordinator 933 N. 11th Avenue Greeley, CO 80632 re: Rangeview Ranches (release of collateral ) Dear Don; In response to your memorandum to Gloria Dunn, Current Planner, dated November 25 , 1996 , it is apparent that a few items need to be addressed in order to release the collateral in full . These items and their proposed solutions are as follows : 1 ) Jim Brewer, materials inspector, has identified a few areas that were lacking the proper thickness of asphalt milling along with the request that the entire road be reshaped and rebladed. The developer has since hired a contractor to "re-work" the right-of-way area . This work included adding asphalt milling, blading the road bed and re-shaping the borrow ditches . The contractor also fixed the two "speed bump" areas caused by utility crossings . 2 ) To address the installation of the four culverts , it is our intention to supply you with personal testimony and engineered soils data supporting a proposal to negate the installation of said culverts . Please find enclosed , a copy of a letter dated December 5 , 1996 from William Crews (agent for CFG Energy , Inc. ) to Rich Sitzman (developer ' s representative) . This letter addresses the satisfactory work done around the existing oil and gas wells ( 3 ) on the subject site. During construction of this project, the 3 culverts located at the entrance to each oil well were initially installed. Due to the size of the trucks entering and exiting said well sites , CFG Energy, Inc. had concerns with the size and/or length of said culverts . CFG Energy, Inc. felt that this situation created a safety hazard to both the truck drivers and homeowners in the event that damage to the trucks and/or culverts occur. It is CFG ' s opinion that a gentle borrow ditch be utilized across the frontage of each well , enabling the trucks to utilize as much room as possible to maneuver. As you summarize from the letter, the concerns of CFG have been met creating a safe and adequate situation for all involved. Page 1 972086 A 15" culvert was also to be installed going across the road approximately 150 ' East of the entrance to said subdivision. Ultimately, the intention of this culvert was to drain storm water from the North side of the road to the South side and then East utilizing the borrow ditch. Thru field investigation and personal testimony , it was decided that this culvert would not be of use in the aid of storm drainage. In the general area of this culvert lies a natural "bowl" on both the North and South side of the road. If any, the water that would collect in this "bowl" goes absolutely nowhere. The topography of this site creates many areas such as this making it impossible to drain to a specific point. This in fact gives this rural subdivision its character as opposed to a flat methodical feeling as you would see in a city subdivision. The soils on this site are fine grained sands . Per the percolation tests and soils data to n for the "Individual Sewage Disposal Ssytems" prepared by Mae and Short, Inc. dated October 12 , 1995 ( see attached) , e percolation rate is less than 5 minutes per inch. This would conclude that this site drains very fast , minimizing surface ponding. Upon visiting with the homeowners within the subdivision, they have expressed that during hard rain storms , drainage is certainly not an issue . The soils characteristics and the storm drain facilities currently in place prove to be more than adequate in controlling storm run-off. In conclusion, we are requesting that in light of the specific characteristics of this site , the Weld County Public Works Department would re-evaluate the conditions regarding the four culverts. It is evident that the project has been working in the past and that the homeowners are happy with the resulting product . We believe that the four culverts are not needed due to the fact of their lack of importance to the storm ra n' system and the possible safety factors relating to the well sites. Thank you very much for your time and effort on this project . Please feel free to call if you should have any questions or concerns regarding this matter. I look forward to hearing from you on the County ' s decision. Page 2 972086 Sincerely, Intermill Land Surveying, Inc. SI__ cl vl c,,) Steve Stencel Project Manager Reviewed By: Foundation & Soils Er�m�'IN Rt , Inc. AI '9144--- Kevin W. PattersorY ', w Principal/P.E. l' ^ e' ?J', cc: Rich Sitzman , Owner ' s Representative Gary Schneider , Owner Gloria Dunn, Weld County Planning Dept. Page 3 972086 mEmoRAnDum Gloria Dunn, Current Planner February 12, 1997 To Date ���� COLORADO Don Carroll, Project Administrator N�'�% From Release of Collateral for Range View Ranchettes, S-365 Subject: (Privately Maintained) At the request of the applicant, I reinspected the items and reviewed the documentation submitted. The applicant has hired a contractor to rework the right-of-way area. This work included adding asphalt millings,blading the road bed, and reshaping the borrow pit ditch areas. The contractor also fixed the two speed bumps caused by utility cuts. The attached memorandum, Item No. 2, addresses the four culverts that were not installed per the plan and identifies the solutions and reasoning for these items. After verification of the work being done and the required documentation submitted, I have no conflict with releasing the $4,080 collateral. This items is identified in the breakdown in my memorandum dated November 25, 1996, after the first inspection. cc: Commissioner Harbert S-365 file plan7 Weld County Planning Dept. FEB 131997 97208n jJPicl CountyI r PIa�s if In ifJr? De;i.. FEB 1 8 7997 �. c LOLOFF CONSTRUCTION INC. PHONE 353-1621 EXCAVATING AND CONTRACTING KERSEY, COW. 80644 MCCOMB REALTY SERVICES RANgFVTF'1 ACRFS Richard Sitzman 928 13th Street Greeley, CO 80631 STATEMENT OF YOUR ACCOUNT FOR August ,p 96 DAY DESCRIPTION NO.NR9. CMA ROES CREDITS EALANCE 613 Scraper shapeing road @ 65.00 per hr 18 1170.0 J.D 510 Backhoe @35.00 per 2 70.00 Ford Tractor cutting weeds @ 25.00 per hr _ 21/2 67,SE0 1129.74 tons Crushed Asphalt @ 7. 50 per ton deli ered 8473.0E Slade working asphalt for road 0 65.00 oer hr 11 hrs 715 nr Sum Total Amount due wasp 55 Culbert install to oil battery 20' ma+prial 294. 58 Backhoe time 3; hrs@35.00 o30°4 Y 5or 2 hrs @ 8.5)oer hr 139.50 Culbert installed across road 40'' material 466.80 Backhoe 4 hrs @35.00 per hr 143.00 Labor 3 men 6 hrs each @ 8. 50 per hr 18 hrs 153.00 —940tib Total amount due 116E4.43 4111111 MEMORANDUM CTO: Board of County Commissioners DATE: Sept 17, 1997 • COLORADO FROM: Don Carroll, Project Coordinator a SUBJECT: Release of Collateral Please place the following item on the Board's September 24, 1997, agenda for approval. S-365,Rangeview Ranches release of collateral. The appropriate documentation is attached. cc: S-365 file m:wpfiles\engineer\agenda I 972086 ST Alt BIANK < IRREVOCABLE LETTER OF CREDIT NO. 131 2164 35th Avenue Greeley, Colorado 80634 Phone:(303)330-3300 August25, 1995 N Govern nt of Weld County,Colorado ATTN: K ' Schuett 1400 N. 17th venue Greeley,CO 8 1 RE: Range Vie RanchesLill do Chuck B ineW.C.R.53Kersey,Colorado 0634 ATTN: Keith Schuett We hereby open our Irrevocable Lette of Credit in youryourfavor-forount of Chuck Butzine, st 12th Street,Greeley,Colorado, 80634,for a Sum not to exceed theaggregate se 1-7_Qi000.00,(One Hundred Se enty Thousand and No/I00). Each draft so drawn must be marked"Drawn under 1ST CHOICE BANK,2164 35th Avenue,Greeley, rado, Letter of Credit No. 131"and be accompanied bY+k"signed statement from the Board of County Commissioners of Weld County,Colorado stating the Gary Schneider as committed a material breach of the Improvements Agreement According to Policy Regarding collateral for Improvements regarding Range View Ranches subdivision dated the 27th day of September 1995 by and betwee[Gary Schneider and the Board of County Commissioners of the County of Weld." This credit is subject,so far as applicable,to"The Uniform Custbms and Practice for Documentary Credits, 1983 Revision,The International Chamber of Commerce Publication No:.40." We hereby agree with you that all drafts drawn finder and in compliance with the terms of this credit will be duly honored and presented for payment to our main office, 1ST CHOICE BAIIC,2164 35th Avenue,Greeley, Colorado, 80634. This letter of credit will expire on August 25, 1996 at 5:00 P.M. This letter of credit is automatically extended,without amendment,for additional One year periods from the current expiration or any future expiration date unless 60 days prior to such current expiratioi*.4ate 1ST CHOICE BANK notifies beneficiary in writing that the letter of credit will not be renewed.In the case yob.receive such a notification, you may draw by presentation of the following:(a)a draft at sight on 1ST CHOICE BANIk4b)a statement purportedly signed by an official of the Board of County Commissioners of Weld County, Colorado stating that we have received notice from 1ST CHOICE BANK the Letter of Credit No. 131 will not be renewed and that Chuck Butzine has failed to provide proof of adequate collateral and substitution of this Letter of Credit No. 131;(c)Copy of letter from 1ST CHOICE BANK stating non-renewal of Letter of Credit No. 131 and the original letter of credit. Yours Truly, Darrell McAllister CEO Hello