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Home My WebLink About20190806.tiffRESOLUTION RE: APPROVE CANCELLATION AND RELEASE OF PROJECT COLLATERAL AND ACCEPT WARRANTY COLLATERAL FOR MINF12-0001 WELD COUNTY INDUSTRIAL PARK - WELD COUNTY INDUSTRIAL PARK ASSOCIATION/PECKHAM DEVELOPMENT CORPORATION, C/O MARK GOLDSTEIN 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, on October 31, 2012, by Resolution #2012-3002, the Weld County Board of Commissioners approved Minor Subdivision Final Plan, MINF12-0001, for Big Thompson Investment Holdings, LLC, 1205 W. Elizabeth Street, P.O. Box 134, Fort Collins, Colorado 80521, c/o Mark Goldstein, P.O. Box 273180, Fort Collins, Colorado 80527, for a nine (9) Lot Minor Subdivision in the 1-3 (Industrial) Zone District, on the following described real estate, to -wit: Lot B of Recorded Exemption, RECX12-0056; being part of the W1/2 of Section 23, Township 4 North, Range 66 West of the 6th P.M., Weld County, Colorado WHEREAS, on March 12, 2014, the Board of County Commissioners of Weld County, Colorado, approved an Improvements Agreement According to Policy Regarding Collateral for Improvements for Minor Subdivision Final Plan, MINF12-0001, between the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County, and Big Thompson Investment Holdings, LLC, with terms and conditions being as stated in said agreement, and accepted project collateral in the form of Letter of Credit #835-3047, from First Bank, 10403 West Colfax Avenue, Lakewood, Colorado 80215, in the amount of $706,286.00, and WHEREAS, on March 9, 2016, the Board of County Commissioners of Weld County, Colorado, accepted replacement project collateral, in the form of Irrevocable Letter of Credit No. 10031, from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of $706,286.00, and WHEREAS, on May 18, 2016, the Board of County Commissioners of Weld County, Colorado, Consented to Assignment of the existing Improvements Agreement and related project collateral from Big Thompson Investment Holdings, LLC, to Weld County Industrial Park Association, and WHEREAS, on October 30, 2017, upon recommendation of staff, the Board deemed it advisable to release project collateral, in the form of Irrevocable Letter of Credit No. 10031, from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of $706,286.00, and accept warranty collateral for on -site improvements, in the form of Irrevocable Letter of Credit No. 10040, from FirsTier Bank, in the amount of $105,942.90, and 4471481 Pages: 1 of 3 03/05/2019 04:07 PM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County, CO VIII NcritIlICILriiIANKIN ILII Cc= C.TeCCH), PL(mh►(KR) PwC-rzrl EP), ac-rte,►c6)2019-0806 3�t1�19 PL2147 CANCEL PROJECT COLLATERAL AND ACCEPT WARRANTY COLLATERAL FOR OFF -SITE IMPROVEMENTS - PECKHAM DEVELOPMENT CORPORATION, C/O MARK GOLDSTEIN PAGE 2 WHEREAS, on October 30, 2017, the Board approved the First Amended Improvements Agreement According to Policy Regarding Collateral for Improvements for Minor Subdivision Final Plan, MINF12-0001, among the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County; Weld County Industrial Park Association; and Peckham Development Corporation, do Mark Goldstein, with terms and conditions being as stated in said agreement and accept project collateral for off -site improvements, in the form of Irrevocable Letter of Credit No. 10039, from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of $740,792.34, and WHEREAS, staff from the Weld County Departments of Public Works and Planning Services have conducted a visual inspection of the completed improvements and recommend release of project collateral and acceptance of warranty collateral for the aforementioned off -site improvements, and WHEREAS, upon recommendation of staff, the Board deems it advisable to release said project collateral, in the amount of $740,792.34, and accept warranty collateral for off -site improvements; in the form of Irrevocable Letter for Credit No. 10062, from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of $111,118.85. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the project collateral for off -site improvements in the form of Irrevocable Letter of Credit No. 10039 from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of $740,792.34, be, and hereby is, canceled and released, and warranty collateral for off -site improvements, in the form of Irrevocable Letter of Credit No. 10062, from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of $111,118.85, be, and hereby is, accepted. BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby is, directed to return said project collateral to the appropriate issuing party. 4471481 Pages: 2 of 3 03/05/2019 04:07 PM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld County, CO 11111 2019-0806 PL2147 CANCEL PROJECT COLLATERAL AND ACCEPT WARRANTY COLLATERAL FOR OFF -SITE IMPROVEMENTS - PECKHAM DEVELOPMENT CORPORATION, C/O MARK GOLDSTEIN PAGE 3 The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 20th of February, A.D., 2019. ATTEST: ditAtiv jdo;ei Weld County Clerk to the Board Date of signature: 2-2'7- I q BOARD OF COUNTY COMMISSIONERS W,gLD COUNTY, CyOLORADO arbara Kirkme er, Chair Mike Freeman, Pro-Tem Steve Moreno 4471481 Pages: 3 of 3 03/05/2019 04:07 PM R Fee:$0.00 Carly Koppes, Clerk and Recorder, Weld co CO VIII 14��.rlKf �'I411'hl �FY14�� k��N �'�I�� Ilh I'�Y�h BM I 2019-0806 PL2147 BOARD OF COUNTY COMMISSIONERS PASS -AROUND REVIEW/Regular Agenda REQUEST RE: BOCC Agenda Item — Partial Release of Collateral For: Weld County Industrial Park Association/ Peckham Development Corporation, do Mark Goldstein— MINF 12-0001 DEPARTMENT: Public Works DATE: January 28, 2019 PERSON REQUESTING: Tisa Juanicorena Brief description of the issue: The Department of Public Works received a request from Mark Goldstein, requesting that the Board of County Commissioners release the currently held collateral for Weld County Industrial Park Association/ Peckham Development Corporation, c/o Mark Goldstein, in the amount of $740,792.34, for off -site improvements in the form of an Irrevocable Letter of Credit, #10039, and accept warranty collateral in the form of an Irrevocable Letter of Credit, #10062, in the amount of $111,118.85. Weld County Public Works and Planning Department performed a site inspection, at the above -mentioned site, and observed the following: • All items on Exhibit A-2, of the Improvements Agreement According to Policy Regarding Collateral for Improvements Document 2017-3737, have been completed and are found to be acceptable. Frank Haug/Assistant County Attorney has reviewed the Improvements Agreement and Collateral requirements and recommends this partial release of collateral. What options exist for the Board? 1. Have this BOCC Hearing item be placed on the next available agenda as part of the Regular Agenda. Weld County Collateral List: Weld County Industrial Park Association aka Peckham Development Corporation aka Big Thompson Investment Holdings, LLC — (PL2147) 2014-0745 MINF12-0001 Improvements Agreement for Hickman Minor Subdivision Irrevocable Standby Letter of Credit #835-3047 from First Bank _ Expires March 10, 2016. $706,286.00 Big Thompson Investment Holdings, LLC aka Peckham Development Replacement Collateral (PL2147) 2O16-0886 MINF12-0001 Improvements Agreement for Hickman Minor Subdivision LOC 10031 from FirsTier Bank Re -Assignment from Big Thompson to Weld Industrial Park Assoc. Collateral remains the same as above (#2016-1609) 5/18/16 Expires 2/19118 (released 103017) $706,286.00 Accepted (2017-3737) warranty collateral for on -site improvements in the form of An Irrevocable Letter of Credit #10040 (10/30/17) $105,942.90 Expires 11/30/18; however renews for 12mos from that date unless 60 days notice from FirsTier Accepted (2017-3737) collateral for off -site improvements in the form of an Irrevocable Letter of Credit #10039 (10/30/17) $740,792.34 Expires 11/30/18; however renews for 12mos from that date unless 60 days notice from FirsTier (see also 2017-3738 and 2017-3097) aI zo 2O19 - 080(0 PL 2 IL -17 Recommendation: The Departments of Public Works, Planning Services and the County Attorney's Office are recommending approval of the partial release of, and acceptance of warranty collateral for Weld County Industrial Park Association/ Peckham Development Corporation, c/o Mark Goldstein— MINF12-0001. Schedule as Regular Agenda BOCc Item Other/Comments: Sean P. Conway Scott K. James Steve Moreno Mike Freeman, Pro-Tem Barbara Kirkmeyer, Chair I , CLERK TO THE , / 0k- 0 ZkL`N \ �. 1 t PHONE : (970)400-4217 p_1)-Th,.., . r ?.- _ FM : (970) 336-7233 1 9 ! 0 0 a 1 i m a NI , 1150 O STREET GREELEY, Co 80632 COUNTY' 1- - - April 3 , 2019 Attn : Tim Ostic, Branch President FirsTier Bank-Cheyenne 1508 Stillwater Avenue Cheyenne , WY 82009 RE : Irrevocable Letter of Credit No . 10039 Dear Mr. Ostic: By Resolution dated February 20 , 2019 , the Board deemed it appropriate to release the enclosed Letter of Credit # 10039 in the amount of $740 , 792 . 34 , and accept Irrevocable Letter of Credit # 10062 in the amount of $ 111 , 113 . 35 , on behalf of Mark Goldstein and Peckham Development Corporation for Weld Industrial Park Association for collateral related to off-site improvements . Enclosed you will find the original LOC # 10039 , and a copy of the Resolution for your files . If you have any questions , please contact me at (970) 400-4227 , or email choffrnan@weldgov. com . ry truly yours, ,I2 \ 2 %,.,,e, , a It',At e-1°‘ Cheryl L . Ho fman Deputy Clerk to the Board Enclosure cc: Tisa Juanicorena , Department of Public Works Tom Parko , Department of Planning Services Peckham Development, do Mark Goldstein Clerk to the Board File PL2147 'a .V r+1,-•�bwrµ y,' 1' Jtr ♦\` ?' ;`Y> lai" •t.. r� ✓",+,• � I :� - ^ •• +•r :•r r; , .. 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" .�,. „• t A. ;"'t' a"�y��lv ".., \,. J\ g . • SENDER: o a r THIS S C "ION COMPLETE THIS SECTION DELIVER r _ - • IN Complete items 1 , 2, and 3. A. Signature print your r ar e and address on the. reverse I Agent so that we can return the card to you. Addresse Attach this card to the back of the mailpiece, • . B. Received by (Printed Name) . Date of Delivery or on the front if space permits. 1 . Article Addressed to: D. Is. delivery address different from item 1 ? ❑ Yes -4 j. , :� If 'YES, enter delivery address below: [� No • n ✓ s 3. , Y r i'� _6 �x 1 1 C I. at,,,,,,,,,,,,, y �y��v��s �iit�a ,.....,.." /161) i '" _ , � � � 'r-4'a- t42-Pd" ,„, i ?c'0ZOt7 _�A _.„, itn•--) i eifeete.iiv::_i_s_ii.e.„_„ / a on I3. SeYvice Type G Priority Mail Expresso } i II Adult Signature illiiir,111 ,4 ❑ RegisteredMai1T�' f qq ' . duct Signature Restricted Delivery O Registered Mail Restricted I- . r n ertified Mail® Delivery 9590 -� 7414 6053 � i-I Certified Mall Restricted Delivery Q Return Re�celpt for ❑ Collect can Delivery Merchandise nJ --- n 1� ≥ji nature Confirniat!onTM r !� • f.... Article Number (Transfer �`�rn �� •r�� 1��" C©ifect'on' Delivery Restricted Del�vecy 9 (1 Insured Mail signature ontirmatian 7 016 0 7 5 0 0 0 0 0 7 9 0 '4Restricted Delivery�nsured Mail Restricted Delivery f __. .�,_ W:.._w a _ over $500) i lF PS Form 3811 , July 2015 PSN 7930-02-000-9053 Domestic Return Receipt -- I- % CLERK TO THE BOARD -m4ty, \- 1- 861Y -- e PHONE : (970)400-4217 FAX: (970) 3367233 , \\Linn = 1150 O STREET _.1.4,44,e° ,a fr. sow -4;,,, P . O . BOX 758 GREELEY, CO 80632 Ii. TTTI\ •:1LJj!1i I c O Ld • .._ ...„... _ le April 3 , 2019 Mark Goldstein c/o Peckham Development Corporation 2850 McClelland Drive Suite 2400 Fort Collins , CO 80525 RE : Irrevocable Letter of Credit No . 10039 Dear Mr. Howard and Ms . Frazer: Enclosed hereto please find a copy of the Board of County Commissioner's Resolution , dated February 20 , 2019 , releasing the Letter of Credit # 10039 in the amount of $740 , 792 . 34 , and accepting the Irrevocable Letter of Credit # 10062 in the amount of $ 111 , 118 . 85, on behalf of Peckham Development Corporation for Weld Industrial Park Association for collateral related to off-site improvements . Also enclosed you will find copies of the letter sent to Tim Ostic, Branch President at FirsTier Bank-Cheyenne and released Letter of Credit # 10039 . If you have any questions , please contact me at (970) 400-4227 , or email choffman@weldgov. com . ry my yours , / ? 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R. 9 • •♦ f — • • L SENDER: COMPLETE THISSECTION J COMPLETE hts SECTION ON DELIVERY ` • ., - , ) }4�..GE� Signature 1 1n ;p-ter+, l M1f Signature i A ■ �or�pleteltel�t`1� 1 , �, �nd �. ro ■ Print your name and address on the reverse • O Agent f so that we can return the card to you., = O .Addressee > i . Ill ₹t ch this card to the beck of the t�ailp'reG f 83 Received by (Printed Name) C. Date of Delivery • or on, the front if space permits. I. 1 . Article Address d to: a , D. is delivery address different from item 1 ? O Yes + `..--' Aj.,if YES,enter delivery address below:0 No V F • • i/^x..t-`off b (rah' , . e---/O a r/ :y t � • } e-oVeL2Aeta • ,ic5-7) Lritee st 1/4:17tie , g o06 O • • e.....,0 1O 5:,..0. 2 Q . • V.vLjd a (17:elletitee47 • IT• ss.nr-, •1 ri 3. Service Type O Priority Mail Express® • $ r ❑ Adult Signature D Registered MailTM , ri HI- III ii., [1 .t1 ❑ A it Signature Restricted Delivery {� Registered Mai! Restrictec �ified Mail® Delivery • 9590 9402 1714 6053 4722 46 ❑ Certified Mali Restricted Delivery 0 Return Receipt for ° O Collect on Delivery Merchandise . Article Number (Tr rfs er from se /c label) n Collect on Delivery Restricted Delivery O Signature ConfirmationT"" + • Mall ❑ Signature Confirmation • ,` 016 ® 7 5 0 El 0 0 0 7 9 i Jlail Restricted Delivery Restricted Deliver • . PS Form 3811 , July 2015 PSl`17530-02-000-9053 Domestic Return Receipt i 1U floe RE : PPROV ` C NCk ._ II I ATDt-IN AND RH -. EASE OF PR4JECT COJ_.A T ERAI AND ACCEPT WARRANTY COI. I.ATLFIAL F • R MI F `a :2 =0001 WELD COLNTY INDUSTRIAL PARK — WELD COUNTY INIFUS t RIAL PARK ASS • CLA I ON/PECKHAPV1 DEVE : _ OPMENT CORDOR T0ON9 C/O MARK GOD , IST EUN 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 , on October 31 , 2012 , by Resolution #2012 -3002 , the Weld County Board of Commissioners approved Minor Subdivision Final Plan , MINF12 -0001 , for Big Thompson Investment Holdings , LLC , 1205 W. Elizabeth Street , P . O . Box 134 , Fort Collins , Colorado 80521 , c/o Mark Goldstein , P . O . Box 273180 , Fort Collins , Colorado 80527 , for a nine (9 ) Lot Minor Subdivision in the 1 - 3 ( Industrial ) Zone District , on the following described real estate , to-wit : Lot B of Recorded Exemption , RECX12 -0056 ; being part of the W1 /2 of Section 23 , Township 4 north , Range 66 West of the 6th P . M . , Weld County , Colorado WHE ►tEmS9 on March 12 , 2014 , the Board of County Commissioners of Weld County , Colorado , approved an Improvements Agreement According to Policy Regarding Collateral for Improvements for Minor Subdivision Final Plan , MINF12-0001 , between the County of Weld , State of Colorado , by and through the Board of County Commissioners of Weld County , and Big Thompson Investment Holdings , LLC , with terms and conditions being as stated in said agreement , and accepted project collateral in the form of Letter of Credit #835-3047 , from First Bank , 10403 West Colfax Avenue , Lakewood , Colorado 80215 , in the amount of $706 , 286 . 00 , and WHEREAS , on March 9 , 2016 , the Board of County Commissioners of Weld County , Colorado , accepted replacement project collateral , in the form of Irrevocable Letter of Credit No . 10031 , from FirsTier Bank , 1508 Stillwater Avenue , Cheyenne , WY 82009 , in the amount of $ 706 , 286 . 00 , and WHEREAS , on May 18 , 2016 , the Board of County Commissioners of Weld County , Colorado , Consented to Assignment of the existing Improvements Agreement and related project collateral from Big Thompson Investment Holdings , LLC , to Weld County Industrial Park Association , and WHEREAS , on October 30 , 2017 , upon recommendation of staff, the Board deemed it advisable to release project collateral , in the form of Irrevocable Letter of Credit No . 10031 , from FirsTier Bank , 1508 Stillwater Avenue , Cheyenne , WY 82009 , in the amount of $706 , 286 . 00 , and accept warranty collateral for on -site improvements , in the form of Irrevocable Letter of Credit No . 10040 , from FirsTier Bank , in the amount of $ 105 , 942 . 90 , and 4471481 Pages : 1 of 3 03 / 05 / 2019 04 : 07 Pty R Fee : $0 . 00 Carly Koppel ; Clerk and Recorder , Weld County , CO 11111 Ai it 9 IL cc. 3v arlia -6 ( ) 9 L cfvn n g ) PuorlaJi P) 1 acTc ,c ) 2019-0806 3 / Mg PL2147 t CANCEL PROJECT COLLATERAL AND ACCEPT WARRANTY COLLATERAL FOR OFF-SITE IMPROVEMENTS - PECKHAM DEVELOPMENT CORPORATION, C/O MARK GOLDSTEIN PRGE 2 WHEREA�, on October 30, 2017, the Board approved the First Amended Improvements Agreement According to Policy Regarding Collateral for Improvements for Minor Subdivision Final Plan, MINF12-0001, among the County of Weld, State of Colorado, by and through the Board of County Commissioners of Weld County; Weld County Industrial Park Association; and Peckham Development Corporation, c/o Mark Goldstein, with terms and conditions being as stated in said agreement and accept project collateral for off-site improvements, in the form of Irrevocable Letter of Credit No. 10039, from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of $740,792.34, and WHEREAS, staff from the Weld County Departments of Public Works and Planning Services have conducted a visual inspection of the completed improvements and recommend release of project collateral and acceptance of warranty collateraf for the aforementioned off-site improvements, and WHEREAS, upon recommendation of staff, the Board deems it advisable to release said project collateral, in the amount of $740,792.34, and accept warranty collateral for off-site improvements; in the form of Irrevocable Letter for Credit No. 10062, from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of$111,118.85. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the project collateral for off-site improvements in the form of Irrevocable Letter of Credit No. 10039 from FirsTier Bank, 1508 Stillwater Avenue, Cheyenne, WY 82009, in the amount of$740,792.34, be, and hereby is, canceled and released, and warranty collateral for off-site improvements, in the form of Irrevocable Letter of Credit No. 10062, from FirsTier Bank, 1508 StillwaterAvenue, Cheyenne, WY 82009, in the amount of$111,118.85, be, and hereby is, accepted. BE IT FURTHER RESOLVED by the Board that the Clerk to the Board be, and hereby is, directed to return said project collateral to the appropriate issuing party. 4471481 Pages: 2 of 3 03/05/2019 04:07 PM R Fee:$0.00 Carlv Koppes� Clerk and Recorder, Weld CountY� CO �III I��I��p��li�'��t'�;�l�,L�P��I�1'�l��,Yi�h tl III 2019-0806 PL2147 CANCEL PROJECT COLLATERAL AND ACCEPT WARRANTY COLLATERAL FOR OFF-SITE IMPROVEMENTS -- PECKFIAM DEVELOPMENT CORPORATION , O/O MARK GOLDSTEIN PAGE 3 The above and foregoing Resolution was , on motion duly made and seconded , adopted by the following vote on the 20th of February , A . D . , 2019 . BOARD OF COUNTY COMMISSIONERS V1/ LD COUNTY , - OLORADO ATTEST : .fie LW1 414 )2,/(...., .h �a��, tiyR#fi��t,'P� �.� %.l 404 ; ,Cl �,T, " ' ((A a r b a r K i r a kmeyer, Chair Weld County Clerk to the Board MA-AListes„..,----- --7Mice Freeman , Pro-Tern BY : cl ( -lair ar,,,,,,, Clerk , r:. �� Lfrr, 4:9 C,- Deputy �..�. to the Boa. ..�.', ,ti 'yC$bkY Conwaor, ______ A P AST *:.� � . t ev _,------' _.-`, ,,..--ter-' VerAik; , - - ,( o t K . James c.„ (weee--;4(•-ffr-- . H- ,z.:.%. N d r_Thi.'-z% ___ ei> ', 4, I ti,\i \1‘) ,P , ,/ / /7 > / ;;;F:A/ 4,/ cie Steve Moreno Date of signature : 1- 27 - 1 q 4471481 481. Paces : 3 of 3 03 / 05 / 2019 04 : 07 PM R Fee : $O . 0e Carly Koppes , Clerk and Recorder , Weld County , CO - 4, 4e14114rAllial 10 Fail II'PI 11' o �� l fif 2019-0806 PL2147 U .S. Postal ServiceTM CERTIFIED MAIL° RECEIPT riii Domestic Mail Only IDD For deli rer Atormation, visit our website at w►4t usps.come. 03 Nay i'•�ti Ail reas ea 0 V`.•tW Jn 6 •w�;T.`� Y :,?.:,v .K r i)tiM 4 ?i.4' �• t:Y t:�:.}w.,r 'lM.u% .tt^..�}�` in Certified Mail Fee w E° $ Extra Services & Fees (check box, add fee as appropriate) ❑ Return Receipt (hardcopy) $ 44/Lit--q4/ r1 � A 0 O Return Receipt (electronic) $ Po tmark O Certified Mail Restricted Delivery $ Here CI c] O Adult Signature Required $ Adult Signature Restricted Delivery $ 1 O Postage L $ Taal Postage and Fees CD -_____, „Ja S t To - 1/4.4- _ iateetej r-I ° EM St - N Y or 1'O Box No. r ci -. t ,te, ZIP-F4® JP , • „, • V,' geptOCT PS Form 3 00, April 2015 PSN 7530-02-000-9047 See Reverse for Instructions'.; SE p f �R: mA , ,t�,�tlk• T3s` .. leg i.ION ` fs ® � : � Tr SiFCT COMPLETE THIS SECTION ON DELIVERY +q�;,?( qtr d} J� �"��r"` "1�if' `ryY F rn�r e ' o 'J. _ a Complete item '' a, and 3. Si 1 attire is Print your name and address on the reverse Agent so that we can return the card to you. ® Addressee Attach this card to the back of the mailpiece, B. Received by (Printed Name) C. Date of Delivery or on the front if space permits. 1 . Article Addressed to: D. Is. delivery address different from item 1 ? O Yes idd t IS, 4 ' •..,le te.,4tdeteO If YES, enter delivery address below: ® No jeo.n.9, i e , . _ cietgaz 69-ett-e; .,4,,2e.../...-- ,, . _&,,i ,an, )42,--e-- OD 6 Alab—Atije' F02_067 /Dv: eititarit 3. Service Type ❑ Priority Mail Express® ❑ Adult Signature ❑ Registered MaiITM ❑ 4dult Signature Restricted Delivery0 Registered Mail Restricted edified Mail® Delivery 9590 9402 1714 6053 4722 55. 3 ❑ Certified Mail Restricted Delivery O Return Receipt for ❑ Collect on Delivery Merchandise 2. Article Number ra I.r.frinn-) ec&nh,r® lack,-,11 !-1 Collect on Delivery Restricted Delivery O Signature CanfirmationTM ® 56 Insured Mail I: Signature Confirmation Insured Mail Restricted Delivery Restricted Delivery PS Form 3811 , July 2015 PSN 7530-02-000-9053 Domestic Return Receipt 2 U . S. Postal Service'' CERTIFIED MAIL® RECEIPT E' Domestic Mail Only co For delivery information, visit our website at www usps.com®. .I` 4 . 1 1 P F I I A 1 co ,,„ yh. le:(:l ryl r f '��.`^•jfl�7'.--1, �';..\'J%!.K +•! ♦J::! I::::a%3 in Certified Mail Fee U ' $ N Extra Services & Fees (check box, add fee as appropriate) 1-74petegt❑ Return Receipt (hardcopy) $ 0 O Return Receipt (electronic) $ P stmark DI ❑ Certified Mall Restricted Delivery $ so Here iii. ❑Adult Signature Required $ ❑Adult Signature Restricted Delivery $ ® Postage Is) $ N Total Postage and Fees 0 tTo t . - - 0,06tate c2itatt_ ejeabei„ rag 1 ❑ 7tY,t22L o_..r___r _ ___��y�__-_�� F PS Form 3800, April 2015 PSN 7530-02-000-9047 See Reverse for Instructions • • aryl. • $ " `}�� P : COMPLETE THIS SECTI®N COMPLETE THIS SECTION ON DELIVERY P : Complete items 1 , 2, and 3. A. Signature N Print your name and address on the reverse X ek-Agent so that we can return the card to you. O Addressee IIIAttach this card to the back of the mailpiece, B. Received by (Printed Name) C. at f Delivery or on the front if space permits. , 1 , Article Addressed j ,W14- c- j ow is) Qk __ __to: D. Is delivery address different from item 1 ? 0 Yes �� If YES, e er delivery address below: p No ' edits() ei,,,tetAdc.rje.„0 Ir....) 42 e-IA-a Zit, a ait,z) Lnte_ ezat.„46e.A.te 0? . 1/40 _ Jteet-aca-„ gio5a2 3. Service Type ❑ Priority Mail Express® ❑ Adult Signature ❑ Registered MaiITm ❑ AsialtSignature Restricted Delivery ❑ Registered Mail Restricted Certified Mail® Delivery 9590 9402 1714 6053 4722 46 O Certified Mail Restricted Delivery 0 Return Receipt for El Collect on Delivery Merchandise 2. Article Number (Transfer from service label) ❑ Collect on Delivery Restricted Delivery O Signature ConfirmationTi -t -I Mail O Signature Confirmation 7 016 C1750 5 0 0000 . 7938 4849 /fail Restricted Delivery Restricted Delivery PS Form 3311 , July 2015 PSN 7530-02-000-9053telatitaataiesineatnianactscooleaffessraednawanikle Domestic Return Receipt stida vil IE LETTER of CREDIT Borr er : t{., ,,er `� ie9 Lender : FirsTier Bank, Cheyenne ,tAS / r% ®de: 1508 Stillwater Avenue /s . SS' 3%-‘v ("IV le (, �� `{ Cheyenne, WY 82009// %%, - vv, G®1N-N y t,40 � ' F` I -‘ s\e esr ..ommissioners of Weld County, Colorado c re Ll c G �� er . Lreet OkQt. NIS‘e 1 OU / e ko '�te e lei ,Jreeley, 80631 G / it*M% . anber : 10039 Expiration Date : This letter o redit shall expire upon the close of business on November 30, 2018 and � p p all drafts and accompanyingstat ments or documents must be resen 'ed to Lender on or before that p time (the " Expiration Date" ) . Hower, this letter of credit shall be itomatically renewed for 12 months from the existing expiration hate of November 30, 2018, z less notice is given in writing by FirsTier Bank, 60 days prior to the math it date of November 3 2018 . Y Y Amount of Credit : Lender hereby establis es at the reques of and for the account of Borrower, an Irrevocable Letter of Credit in favor of Bene iary for a s / of Seven Hundred Forty Thousand Seven Hundred Ninety-two & 34/100 Dollars ( $ 740, 2 . 34) e " Letter of Credit" ) . These funds shall be made available to Beneficiary upon Lender' s receipt fro , neficiary of sight drafts drawn on Lender at Lender' s address indicated above ( or other such a ess that Lender may provide to Beneficiary in writing) during regular business hours and acco pani by a signed written statement or document stating Borrower is in default under its oblig ions to Ben ficiary regarding the improvements to be constructed at or around the Weld County ndustrial Park . WARNING TO BENEFICIARY: PLEASE E MINE THIS LETTER OP\CREDIT AT ONCE . IF YOU FEEL UNABLE TO MEET ANY OF ITS REQUIREMENT , EITHER SINGLY OR TOGEtHER, YOU SHOULD CONTACT BORROWER IMMEDIATELY TO SEE F THE LETTER OF CREDIT CAN aE AMENDED . OTHERWISE, YOU WILL RISK LOSING PAYMENT UNTER T /IS LETTER OF CREDIT FOR FAILURE\O COMPLY STRICTLY WITH ITS TERMS AS WRITTEN . `, N Draft Terms & Condition Lender shall honor drafts submitted by Beneficiary under the following terms and conditions : i eceipt of signed , dated, written statement from Beneficiary that Borrower is in default under its oblations to Beneficiary regarding the improvements fo g g p s to be constructed at or around the Weld County I dustrial Park in Weld County, Colorado . Upon Lender' s honor\of such drafts, Lender shall be fully di arged of Lender' s obligations under this Letter of Credit and shall not be obligated to make any fur er payments under this Letter of Credit once the full amount of creditavailable under this Letter Credit has been drawn . Benefiyiary shall have no recourse against Lender for any amount paid under this Letter ?fl\Credit once Lend r has honored any draft or other document which complies strictly with this Letter off` redit, and w ch on its face appears otherwise in order but which is signed, issued , orpresented by a ark r pp g p Y o under the name of a party purporting to act for Beneficiary, purporting to claim through Beneficiry, or 49,16 er of Credit #WO39 pate 2 if 3 j t 1 r posi o .' norization . By paying an amount demanded in (0 - , per makes no representation as to the correctness off the k _ \ evenot be liable to Beneficiary, or any other person, for any amount cf stogy 1 Jn whatsoever, including, without limitation, any nonappli`cation or 0 to. \ di) 2$ . ,, iary of the proceeds of such payment . By presenting upon ender or a ep stk x‘e _: neficiary certifies that Beneficiary has not and will not present/ pon the other, ,; e @�'Ga di Be k eficiary meets with dishonor. Beneficiary promises to retur ` to Lender any funds yt uy Beneficia 44 in excess of this Letter of Credit' s maximum drawing rfiount . , ,ny funds disbursed uncler the terms of this Letter of Credit shall be fund pd by wire transfer only, to the Board of County Commissi pers of Weld County, Colorado, per wire in ructions to be provided by Beneficiary. / Use Restrictions : All drafts musei marked " DRAWN UNDER Fl . TIER BANK IRREVOCABLE LETTER OF CREDIT NUMBER 10039 DATED 5EP MBER 26, 2017/' and th amount of each draft shall be marked on the draft . Only Beneficiary may compte,te a draft and accord; anying statements or documents required by this Letter of Credit and make a draw . der this Letter f Credit . This original letter ofcredit must accompany any drafts drawn hereunder. \ Partial draws are permitted under this Letter of re it . Lender' s honor of a partial draw shall correspondingly reduce the amount of credit avast ble under this Letter of Credit . Following a partial draw, Lender shall return this original Letter of red to Beneficiary with the partial draw noted hereon; in the alternative, and in its sole discretion, nder ma issue a substitute Letter of Credit to Beneficiary in the amount shown above, less any part ', I draw(s) . Permitted Transferees : The right to Ow under this Letter f Credit shall be non-transferrable, except for: f A) A transfer ( in its entirety but not in part ) by direct opera ° n of law to the administrator, executor, bankruptcy ustee, receiver, liquidator, successor or other representative at law of the original Benefic ` ry; and B ) The first immedi , e transfer ( in its entirety, but not in part) by s ch legal representative to a third party aft / express approval of a governmental body (judicia administrative, or executive ) . / Transferees Req red Documents : When the presenter is a permitted transfer ( i ) by operation of law or ( ii ) a third a/t receiving transfer from a legal representative, as described abo e the documents p v g p � , required for draw shall include a certified copy of the one or more documents whic i show the presenter's uthorit to claim through or to act with authority for the original Beneficits p v � Ci mpis ce 'burden : Lender is not responsible for any impossibility in achieving strict com ; lance with the r uirements of this Letter of Credit precisely as written . Beneficiary understands and \ � acJs4'owledges : ( i) that unless and until the present wording of this Letter of Credit is amended ith nder' s prior written consent, the burden of complying strictly with such wording remains solely pon _,,,,t. *, ,,,,,, els et's - X99Wer 7red6t #10039 rage 3 of 3 J. Benr ,,.. the lack of such amendment as constituting Benefici94 ' s ft ' ,, • uin �1 N V .�.T , 6\ .\> } 19ti, i e this Letter of Credit is ever declared unenforceable for any/ eason by y S < � , ,' :x � Jr /1\ Body having jurisdiction , Lender' s entire engagement under this/Letter of 1 a �': (/ / �•ir �f u null and void ab initio, and both Lender and Beneficiary shall be estored to the ;'� ' . uuld ha e occupied with all rights available as though this Letter of Crydit had never i 'his non-sever ility provision shall override all other provisions in this Litter of Credit, no 1 �, / _ ter where such provision pears within this Letter of Credit . Governing Law: This Agreement ill be governed by federal law applicable 4 Lender and , to the extent not preempted by federal law, the la s of the State of Colorado without r, gard to its conflicts of law provisions, and except to the extent su ,, laws are inconsistent with the/2007 Revision of the Uniform Customs and Practice for Documentary Cc dits of the International 5,,hamber of Commerce, ICC Publication No . 600 . This Agreement has b n accepted by Lend /in the State of Wyoming . Expiration : Lender hereby agrees with Benefic ry that drafts erawn under and in compliance with the terms of this Letter of Credit will be duly honored ' presen d to Lender on or before the Expiration Date . The current expiration date of this Letter of C ditirs November 30, 2018 . However, this Letter of Credit shall be automatically renewed for 12 months f m the existing maturity date of November 30, 2018 unless notice is given in writing by FirsTier Ban 60 ?iqys prior to the maturity date of November 30, 2018 . N Dated : September 26, 2017 / \ // LENIER i/ FirsTier yank ,i / Tim istic, Cheenne Market President ,\ ��/U \ / / \ ENS :!a ,' SEMENT SF DRAFTS t ,'.AWN : // tote Neg rtiated 1 v Arn * unt in Words Amount in Figures \ 7 V 0 � a � i � � � � � � � _ � �� 1 �RRE`/ C LE l.ETTER F CREDIT Borrower: Peckham Dev�lopment Corporation Leroder: FirsTier Bank,Cheyenne 2�50 McClelland Drive,Suite 2400 1S08 Stillwater Avenue Fort Collins,CO 80525 Cheyenne,WY 82009 Beneficiary: Board of County Commission�rs of 1Neld County,Colorado 1150 O Street Gr�eley,CO �0631 �LII'll��": �.�0 2 Explratian Datee This letter of credit shall expire upon the close of business on November 30, 2019 and all drafts and accompanyin�statements or docurr,ents must be presented t�Lender on or b�fore that time{the"Expiration Date"). Fiowever,this IetYer of credit shall be a�atomatfcally renewed each 12 months from the exis4ing expiratior�date of Navember 30, 2019, and shall continu�to automatically renew each 12 months ther�aft�r, unless notice is given in writing by FirsTier�ank,6Q days prior to the maturity date of November 30,2019,or any succeeding maturity date thereafter. Am�unt�f�redita Le�der hereby establishes at the request of and for the account of Borrower,an Irrevocable Letter of Credit in favor of 6�neficiary for a sum of One Hundred Eleven Thousand One Hundred Eight�en 3�85/100 Dollars($111,218.�5j(the `°Letter of Credit"). These funds shall be made available to Beneficiary upon Lender's receipt from Beneficiary of sight drafts drawn on Lender at Lender's address indicated above (or other such address that Lender may provide to Beneficiary in writong)during regular business hours and accompanied by a signed written statsm�nt or document stating Borrower is in default under its�bligations to Benefociary regarding the improvements to be constructed at or around the VVeld County Industrial Park. WARNBIVG TQ BENEFICIARY: PLEASE EXAMINE THIS LETfER OF CREDIT AT OIVCE. IF Y�ll FEEL UN�BLE T� MEET ANY OF ITS REQUIREMENTS, EITHER SINGLY OR TOGETNER, YOU SNOUL�CQNTACT �ORRQWER IMMEDIATELY TO SEE IF THE LETTER�F CREDIT CAN BE AI9�IEIVDED. OTHERWISE,YOU WILL RISK LOSING PAYPVIEIVT UNDER THIS LETTER OF CREDIT FOR FAILURE TO COMPLY STRICTLY WITH !TS TERf1�5 AS WRITfEhd. Drafx Terrns�C�nditions: Lender sh�ll h�nor drafts submitted by�eneficiary under the f�liowing terms and conditions: Rec�ipt of signed,dated, written statement from Berieficiary that Borrower is in default under its obligations to Beneficiary regarding the improv�ments to be constructed at�r around . the Weld County IndustroaP Park In Weld County, �olorado. Upon Lender°s honor of such drafts, Lender shall be fully dischar�ed of Lender's obiigations under this L�tter of Credit and shall not be obligated to P.�. �ox'730,Kimball NE b914� (3Q8)235-4633 P.Q.�ox 2436,I�earney laTE 68S4� �30$)238-2255 120 �.�Izlcox,Castle�ock,C(� 801fl4 (303)660��001 P.�. �ox 510,Etm Cr�ek NE 6R�36(308) 856-�661 P.C:�.Bo�20130, Cheyenne W'�'32003 (307)632-3500 P.d�. �o� 1038,f3oldr�ge NE 6$949(3t�8)995-9595 F,O. �ox 560, I.Tpton VVY 8273Q�30'�)46�-24�6 s � -� � � � ,. � � � FirsTier Bank letter of Credit#1��62 pag�2 of 3 � ; make any further payments under this Letter of Credit once the full amount of credit avaifable under this Letter of Credit has been drawn. Beneficiary shall have no recours�against Lender for any amount paid under this Letter of Credit once Lender has honored any draft or other documenf which cornplies strictly w�th this Letter of Credit,and which on its face�ppears otherwise in order but which is signed, issued,or presented by a party or under the name of a party purporting to act for Beneflciary, purporting to claim throu�h Beneficiary,or postng as Beneficiary without B�neficiary's authorization. By paying an amount demanded in accordance with this Letter of Credit, Lender makes no representation as to the cc�rrectness of the amount demanded and Lender shall not be liable t�Beneficiary, or any other person,for any amaunt paid or disbursed for any reason whatsoever, including, without limatation,any non-application or misapplrcation by�eneficiary of the proceeds of such payment. By preserrting upon Lender or a confirming bank, Beneficiary certifies that Benefi�iary has not and will not present upon the other, unless and until 6eneficiary meets with dishonor. Beneficaary promises to return to Lender any funds received by Benefieiary in excess of this Letter of Credit's m�ximum drawing amount. �ny funds disbursed under the terms of this Letter of Credit shall be funded by wire transfer only,to the Board of County�ommissioners of Weld County, Colorado, per avire instructions to be provided by Beneficiary. IJse Restracti�ns: All drafts must be marked "DRAWN llNDER FIRSTIER BANK IRREVOCABLE LETTER OF CREDIT NllMBER 10062 �ATED iVOVEMBER 1, 2018,"and the amount�f each draft shall be marked on the draft. Only�eneficiary may complete a draft and accornpanying statements or documents required by this Letter of Credit and make a draw under this Letter of Credit. This�riginal letter of credit must accompany any drafts dravun hereunder. Partial draws are permitted under this Letter of Credit. Lender's honvr of a partial draw shall correspondin�ly reduce the amount of credit available under this Letter of Credit. Followin�a partial draw, Lender shalf return this�riginal Letter of�redit to Beneficiary with the partial draw noted hereon; in the alternative,and in its sole discretion, Lender may issu�a substitute Letter of Credit to Beneficiary in the amount shown above, less any partfal draw(s). Permltted Transferees: The right to draw under this Letter of Credit shall be non-transferrable,except fora A) A transfer(in its entirety,but not in part) by direct operat►on of law to the administrator, executor,bankruptcy trustee, receiver, liquidator,successor,or o#her representative at law of the original Benefici�ry,and B) The first immediate transfer(in its entirety, but not in part) by such legal repr�sentative to a third party after express approval of a governmental�body(judicial,administrative,or executive), Transferees Required D�curnents: When the presenter is a permitted transferee (i) by operation of law or(ii)a third party receiving transfer from a legal representative,as described above,the documents � e . �,K . �'' FirsTier�ank Lett�r of Credit#10062 page 3 of 3 � € required for a draw shall include a certified copy of the one or more doeuments which show the � presenter's authority to claim throu�h or to act with authority for the original Beneficiary. Compliance Burden: Lender is not responsible for any impossibility in achieving strict compliance with the requirements of this Letter of Credit precisely as written. �eneficiary urrderstands and acknov�rledges: (i)that unless and until the present wording of this Letter of Credit is amended with Lender's prior writtert eor►sent,the burden of complyin�strictly with such wording remains solely upon Beneficiary,and (ii)that Lender is relyin�upon the lack of such amendment as constitutin�Beneficiary°s iraitial and continued approval of such wording. IVon-Severability: If any aspect of thls Letter of Credit is ever declared unenforceable for any reason by any cour#or�overnrr►ental body having jurisdiction, Lender°s entire engagement under this Letter of Credit shal!be d�emed null and void ab initio,and both Lender and Beneficiary shall be restored to the position each would have occupied with all rights available as though this Letter of Credit had never occurred. This non-severability provision shall override all other provisions in this Letter of Credit, no matter where such provision appears within this Letter of Credit. Governing Law: This A�reerr�ent will be governed by federal law applicable to Lender and,to the extent not preempted by federal law,the laws of the State of�olorado without regard to its conflicts of law provisions, and except to the extent such laws are inconsistent with the 2007 Revision of the Uniform Customs and Practice for pocumentary Credits of the Internatronal Chamber of Corramerce, ICC Publication No.600. This Agreement has been accepted by Lender in the State of Wyoming. Expiration: Lender hereby agrees wlth Beneficiary that drafts drawn under and in compliance with the terms of thrs Letter of Credit will be duly honored if presented to L�nder on or before the Expiration Date. 1"he current expiratron d�te�f this Letter of Credit is November 30, 2019. However,this Lefter of Credit shall be automatically rene�ed in 12-month intervals until returned by the Board of County C�mmassioners of Weld County,Colorado,or until fully drawn. �ated: N�vemb�r 9,241� LENDER FirsTier Bank � ,�.,.,�.�,,..� �y� Tim Ostic,Ch��nrte lVlarket President EIVDORSEIVIEIVT OF DRAFTS DRAWN: h Date Rfe otiated� :Amaunt lra Words �rr��t�nt in Fi�ures ; � s � � � CI, cF n3Ca t ? , f A t2 t • n Public Works epartment 9� 14.r� �� tiJ rvx* � • f � «K f r x 1JP4 � art , ' 5 to tS.� ._ r , . w , A 1111 H Street, PO Box 758 u m• ' H -�VI C «, ` 4, A, Greeley, Colorado 80632 0 2' • �—�.71-or I � 64* --tl]{fir � Pt i Web site:1te:• 1�I,..! Y •. ..1' Y acoaV'.iel da c 4eJ 0./i, F 1lJ {((�,�Au s tt I ` jr Phone : (970) 304-6496 t 'I i �.`r .t 9`t s C Fax : (970) 304-6497 14 > f r., x '”0r. 4 Y. S f I 0'' :,, 1 t .; R � January 14, 2019 Peckham Development Corporation Mr. Mark Goldstein, President P.O . Box 273180 Fort Collins, CO 80527 Dear Mra Goldstein, Per my letter dated November 21 , 2018 a final round of maintenance on WCR 33 from Niobrara Blvd. south to WCR 42 was required prior to final approval of the CR 44 Improvements for M P 12-0001 Weld Industrial Park. The maintenance required for project completion was as follows : • Complete a final round of grading Install road base as needed • Application of a dust suppressant The items listed above were completed and approved on November 29, 2018 . Therefore, Weld County Public Works will move forward with your request for a project collateral release down to the required fifteen percent ( 15 %) warranty collateral . This request will be sent to the Board of County Commissioners for approval This letter will also serve as notification for your two-year warranty commencement date of November 29, 2018 for the improvements of this project. It will be the responsibility of the developer/ow-ner to contact Weld County Public Works prior to November 29, 2020 for a final walkthrough in advance of a warranty release. Please let me know if you have any questions. Sincerely, } Dawn R. Anderson Development Review Manager Weld County Public Works dranderson@weidgov o c orn. Page 1 of 1 i Fg Project Name: Number M I,N F 12-0001 1 -- • um e . ' , NA _� i 01 , y�• .c.----3 „, y'L„ — -, t - _Rtr.r.> j Date: a_ 5[. , ..:y � .Project.._ ......_.�........_... ___eta ! .n... . . !.. .. _ ..rS. •"-.1- .,. _ iisust 1252013 l location: Y _._ ._ < - - - r +.e- ..1A:M,0!- WCR 33 from Niobrara Blvd. South to CR 42 SPEED MEMO subject ___ ----.-- . . Hi: Final acceptance of WCR 33 This speed memo is to document the acceptance of work perform and materials supplied to WCR 33 from Niobrara Blvd to CR 42. On November 29, i 2018 Enviro-Tech applied 3,309 gallons of Roadsaver to WCR 33. Attached to this speed memo are the Bill of lading tickets for materials supplied by Enviro-Tech on WCR 33. ( 11,29.2018, 4.26.2018, 3. 19 .2018, 1. 10.2018 and 12 . 18.X}17.) f.,0€4v F v.. f 9 a y .. . ..:e rtv t'k+ r t y `�. `y�J ,. - v;,�.. pry (� .. :;✓.j �.I "1, 0, .."tifilit$ ,s — , < / .57 o . 1 Signed 'Title: 1 • , SDate: �, ✓ 2,1t v t E nyW'.vr^v a.Mrtvr: �..v' �,aR^' � '4:ruw,mw x..Aa ie .° ._.._...- . ... .. o REPLY To• :Ihte i :w++v...:r..uv- ...11✓ A.v..9b - 1... -M a 110171Y•".••.•• •.. .. - - .,�-R. ?. .._._ _ ._ .. ..' - - aMMaal)XMF :...e��aYWWIWb,"' •� •,-� - .... "b#t�1...'`-.. zr..1 7f!aa.�.lv.. .. N .N:bY"' YMn CY•",�,•"!:.'1 ... As :' L-R¢Tm" ^i^ Mt .. S ..a14�.' +vv. m— �t MIAf�1W- 1 .nCW YK..•. •MW.` •Y ...:`A 1 _ . ..r.... _ w .aua�. eu ..� .. ... ... u w...0 F ''. . 1 S I ✓4 - _' .. " . - -.. ..-.-.. ...__.. •-_ -u.. .._.- '•.-.-•.,"--- - _--- .. ..._...» . -._ ... MiinteflAW Il I is f.RMWX1yael4LLCIWIMYF ... t 5igned�'Titlea _...,......_ _.,__.. Date; Distribution: Project File: U :\Engineering\PLANNU G "' DEVEL0PI' Contractor: Mountain Constructors Inspection : Joshua Holbrook Form WC105 7 y a Public Works Department - M }Y,MI # A "� , ,, „4,864,° a;Sr1111 H Street, PC, Box 758 °„w �, a] 4 a• ` Greeley, Colorado 80632 rti —Y� tit K Websiteo www,c_ o.weld.co.us ' tlT is wi . 1)11 _ _ , ? •Y ':.+ar+a1RV!-_.rv.V• • Phone : (970) 304-6496 Fax : (970) 304-6497 y v f f 3 ::rc November 21 , 2018 Peckham Development Corporation Mr. Mark Goldstein, President P.O. Box 273180 Fort Collins, CO80527 Dear Mr. Goldstein, Weld Cou tv is in receipt of your email dated November 15 , 2018 requesting collateral release for the WCR 44 Roadway Improvements as per the Improvements Agreement (First Amendment) for Weld County Industrial Park — MINF 12-0001 . Per the Improvements Agreement, Peckham Development Corporation was responsible for maintenance of CR 33 until such time as the improvements were approved by the County. Although the improvements for CR 44 were inspected and signed off on the CR 33 temporary route was not, Weld County requests that the developer perform final maintenance along the.. section of CR 33 from Niobrara °Blvd. south to VICE& 42 per the agreement. PleaSei-notify Weld County once Work is scheduled for final inspection and sign off. Once this work is satisfactorily complete the tóur .ty will present to the Board of County Commissioners the request to release collateral and commence the warranty period by acceptance of the fifteen percent ( 15 %) warranty collateral. Please let me know if you have any questions. We look forwarding to hearing from you to schedule an inspection date. Sincerely, Dawn R. Anderson Development Review Manager Weld County Public Works drandersongweldgov.com Page I of I Delivery Instructions - Sill of Lading Delivery Order #: 49 it ; 3. Destination : Destination Name �� . 7 - i u 1 14585 CR 33 between Niobrara Rd Load Id Mountain Constructors , Inc Purchase Order #: Peckham WCR 33 Peckham , CO 80645 Contact: Contact ETS Contact: EFUREY Amber 970-456.2765 Required Date: Nov 29, 2018 12:00:00 ... .,... Wit ./ brM:., • ,mow rmw ,_.. . .... . ..._.:.,.x wu«,Y . . ... ... .,». ,,.,:,.,.....,.u....._.� -rxru r � — -- _____ Ship from: Ship Id: Ship Via: XXEVA Peckham ANY ESI Evans, CO Y60f..WD.n'v}.ryp4 fAFI\ -�•-•• •••--�.c,a .. RTP[TrevAw,T6.1E„eere l �,RI,MNLMw' •. - �.....�vyAvrv.,,' ..'+nom .n...., vuunfMor-..•-•-••.•. ..4N Line No Part No — Inventory Loc Del Uom Qty To Ship Actual QTY Part Description 1 2272 gal a°= 1P07' , - - - _ MeltDown Liquid . Document Text: Specific Gravity: Plant Departure Time Job Arrival Time Job Departure Time Plant Arrival Time Product Application: Water Application: Length in Feet: 3300 Water Rate: i j-y,fn P L1 Y� Width in Feet: 24 Gallons Required: Rate in Gallons: .35 - Water Source: Freight PO/Pay #: Truck 120 - Rocky Delivery Hours: - - --- - --._... a`M -___. 'Y,4VrtxY1�1M'MMVA0YIM! RL YY YYfYIYIYIWrYY1YiYa tiram�xee+ecmwa�e.a . . .. Y!"—•••��•vw o -_-_.__._ .. . ._ _kn..mwammes.nrmine.w.rmain . i w[A Delivery Directions: Bill - 970-227-6935 Special Instructions: Product App Rate: 0. 35 Water App Rate : 0 .4 s I i s.._� aw , ., . ,A.- Shipped By: 9. .f ... y �. Shipping Date: 1F d I�t' � / if rsneetrealnewitinnaReceived Dy - . Meter Ticket #: • Print Date/Time: Nov 28, 2018 4:08:47 PM Page 1 ( 1 ) r i irci l v NINA 1a` x Delivery dnstructiols p, Bill of La tin , Delivery Order #; 4 M .. 7 N.: rr.. °'° Ste' i•'7y' Destination: Destination Nam€: 14585 CR 33 between Niobrara Rd Load ld Mountain Constructors, Inc Purchase Order #a 4119/15 %. Peckham, CO 80645 Cyr:tact: Cknt t BT'S Contact: EFUR aV , Mike Schemm 970402-1528 Required Date: Apr 26, 2018 12:00:00 =PIa .. _. _ __ . .. .,. '.. -.:.w.—d:.:�•.aw .. -.+�Raneb��WZww?0.nrnwwvwemxFwuuuwoxwwsNbcouwn•vuwxueAuwxvenwNGw�wNwsvuwwwana••., ,...•. nm.+.wa++uMam[�.muaklKA'rmrawlYviif6.a>;miWEASaYl6aYiciurtOY.!i.uara..dn,,.m":FN r�. } Ship from: Ship Id : Ship Via: { XXEVA Peckham ANY ESl Evans, CO Y . Lint, No . Part No Inventory Loc Del Uom Qty To Ship Actual QTY Part "creescription 1 1000 gal etta0 ye u� RoadSaver Document Text: Sp clflc Gravity: Plant Departure Time Job Arrival T'i;;... e Job Departure Time Plant Arrival Time �L4_ ,/ ,, I Z to / 270 •ti q... er.::+wxtJ.L.�?AZMI+m.G+:.r�e5..vmm�,.w,...!W..-.•.. a. tee'!. - "r�,.xti-ww. cu:w::iamb:.-gKa.i.+W..�,{aawRCn•�/,w.vt (iw aamar..w�<Rem°.+Nsf,Y,9.Pw5Nxilewrntt+uPrcM>tO� :+w1n�!�+'7!!!F"d�' . f r;• duct Appllcatl&nn Water Application: Length in Feet: 3481 Water Rate: R Width in Feet: 24 Gallons Required : 9 Rate hi Gallons; 035 Water Source: Freight POiPay #: Truck 156 - Rocky Delivery Hours: 4 x. c *c C _CD . .0 © — .1 f ,i;•- 0,n rrE i S s or e ®E>.-.. cga al .,it ;; % Rte ; 1q� 1 Lceitai= 0 I -44 _JIP° •-��> h� a Grp CU � � BM CM 0 tang ..A eti incur..., = .r.�`. Cpl a w cm = x+ . , I _ Shipped By: � ,�,�:�� ,, -a`�� SBShipping Date: "° ei e i 4 7 s. !r� -�F+ku.veamouats.i.anaPinec»+ trr� MyY�UIM�N1YYfYiBA� `IR4lYTl' awve�m+�avuwaauew.emnwwamw.r�+n _ w�wwx�wwwwwaaear+wa .�G Received By: Meter Ticket tk i„a, -... YMYiM.WBuaR_ __.... .. _ .. .... asmmneaten_Aacamr..w.axn+:•..a.�• ... _ etkves. y6 Print Date/Tirne: Apt 26, 2018 10:51 :O s. f a .. ..._a-.. _.. wt d (di if m yN Delivery Instructions - BM of Lading ir Delivery Order 4: 465292 f�" t Destination : Destination Name 14585 CR 33 between Niobrara Rd Load ld Mountain Constructors , Inc Purchase Orders #: 31114 Peckham , CO 80845 Contact: Contact ETS Contact: EFUREY Dan 720-401 -8815 Required Date: War 19 , 2018 1 :00:00 AM . Ship from : Ship Id: Ship Via; • XXEVA Peckham ANY • ESI Evans, CO - __ ..1�IIW0•ilA�4atfp}'FS�.mt��.Yw`ti.?a'4a'aw.ttaatleKom.nOti.W�AI.I:M�V0.'aV'!.l??i"v} : .' .... �"• ...I�.. 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Received By: - Meter Ticket #: - _�..u.. _ a Print Date/Time: Mar 16, 2018 3: 19: 54 PM Page 1 ( 1 ) Delivery Instructions .a Bill' of: Lading Delivery Order #: 4 3 ; 8 3 0 Destination : Destination Name 14585 CR 33 between Niobrara Rd Load Id Mountain Constructors , Inc Purchase Order #: Verbal 1 -5-18 Peckham , CO 80645 Contact :ct : Contact ETS Contact: RGOINGS . Dan 720-401 .8615 Required Date: Jan 10, 20'18 12:00:00 __.:......�...-- Ship from : Ship Id : Ship Via : t XXEVA Peckham ANY t. ES! Evans, CO Line No Part No - .Inventory Loc Del Uom Qty To Ship Actual CITY Part Description 1 1000 gal 3 , 250 RoadSaver {ti Document Text: Specific Gravity : Plant Departure Time Job Arrival Time Job Departure Time Plant Arrival Time a i o #ir''' ' F i i Product Application : Water Application : Length in Feet 3481 Water Rate: Width in Feet: 24 Gallons Required : Rate in Gallons: ,35 VVVater Source : x v. lr....• yns.rr•..v.mn•t..A\4MerM r q4MMru.A.WM>..wwn6 y N- 4 o7 j i CD i Q I i 1 ) �. ! 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Delivery flri true to - BM of Lading . 4 ` Delivery Order 4: �i+' .. tf Destination : Destination Name .i €�':. 14585 CR 33 between Niobrara Rd Load Id Mountain Constructors, Inc Purchase Order # : Matt 12-8 . I; Peckham , CO 80645 i Contact: Contact ETS Contact: EFUREY 1i$: t il Matt 970- 371 -3973 Required Dates Dec 18, 2017 10:00:00 . .. a. . .. . _ _ - .'^- .. .rDXYWY. Vaa.M.. ✓,+wWwe.NwwrrwwRwcw .9YrK/ t t "vea5:4F#tSYytY?av'4&;iv1& 'ek4tit7'si %:'up I :V 'i Ship from : Ship Id : Ship Via : 'i,• 50. XXEVA Peckham ANY ,i • his 7. ESI Evans , CO 4, b i.:_,.... hVZ ,'I✓'kWM:W.N.Migi..V! %AQi:r}4R.."RiNUketafr eSivlswenceve gl.. Kp"¢1?R?P]Q2,PS.-. Ct@t4..v"yX3„3 lY.kN4'. .... ., .',v, anwparWA.kR .-- • .a ' . T?er.e.Y.MA5N4iSM....WegiMiIMSNIA.AWe'etnM'A4ltA.fliTt e.106 „N+ 'r'4) Line No Part No inventory Loc Del Uom Qty To Ship Actual QTY Part Description 1 1362 gal 2 , 325 : . . w . . RoadSaver durablend �.w.:,. , ' ; Document Text: Specific Gravity: SA>tl%iSX.�.@3,.R_C'dfi .. i .. ..b,J1W:NMN?YtRki4.K'; Plant Departure Time Job Arrival Time Job Departure Time Plant Arrival Time . : t. • ' _ _ • ... :- q' .., •..... -:..e:w.»: ... RM('x+u. .xavneFriFa*F6cA"�'PofciWM, WH�aFIYN'..YWAV +9 ys{/� yyy�� `aL {x, �gqq, Water ₹a {(� ag .�/'�g;yam■ Product Application: N L� at4Pr Application: G Length in Feet: 3481 Water Rate: Width in Feet: 24 Gallons Required: hi Rate in Gallons: . 25 Water Source: ,Z,•., 1.' • .i n2s... 4. v4". 4-40.t.., a.4 &. -4; '- Ell ,`„,, ' 0 r 1' AgNstienrawtl C d n i 1. -9 .� H _ M.�" , -' a) , ,, 4 I. qa 5� O '�� j R 1 l �xh 1 4N V' n 5a1,@rad F '".;�q' F .,$jQ41.; R✓, 1� "' ��e��' I. f5 :}E1VY> re Q V3'Zin rk:320 Y 'bt'y , • R' , •4 ' 1 • 3' ' ' " a) +II ‘. 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(97�)458-2T65 Ce�l _ F.Q.Box 405 Platteville,CO 8465'E am�ee�O netnconstructors.evm � Tisa Juanicorena From: Mark Goldstein < mark@geiresources. com > Sent: Thursday, November 15, 2018 3 :07 PM To: Tisa Juanicorena Cc: Tim K. Ostic; Kathy Herder; Jean Saunders; Jeff Donaldson Subject: Peckham Development Corporation - Release of Irrevocable Letter of Credit # 10039 in the amount of $ 740,792 .34 for CR 44 Improvements - Weld County Industrial Park a - a.3,..,-;w=repa eawo CantiOM This email originated from outside of Weld County Government. Do not click links or open attachments unless you recognize the »SF r < hfix" ..= �_ !. a 3 .N `� E' 4� 4,1 ..4s tay">�: <� : Fi 4 ""' - vz >e" k, _ .`@�y'z`` ₹3;- ; ' ' �'.`§ ez$'"Y '� vF-' 8s_ �.� s „SFfis , let <, .. � , .. _ ;RJ r. :, tCr L'' ' k as-. S x¢3 4 _.�, w t r, z s4. � �,x�. - T.ar. n know the content is safe. � ��-'� : :�=� .�� sender and _ � � �_ � � � .� ,� . �.� ,�,,.,a�f , . ; s � A� � � _ � � _ � .s . E � � � ��., F��, r^f Y� z- a - 'sirs -" =�. a; .� -' :`: �=f - xF. } :�>izr�£♦ w. �+ 2�- fi - <t` `1✓F.+. Si x 1 .'.5�£_Sl -..\- - - . ...y' :c.vim '� s u � .a - .:`�� _'� `.�; v .., �x. - >z�>��.�. �- ,fig 'z .:�^ .,.r..��S� .�n- :'sc �7 >, {�. �i. s.o..... tx.� .fin -.s C�� Y�. c`?(:_ .. . i�� .. ..- �, �.?�. e.. -�?s'as.iYAa₹zi�.$.rx Si-2r�`�....:"c,t,`�cx?�.z:z.'-�_+>ni.-s�-..3'.��-`_I�,YCc$Xc .za.� .GG.Y•f�'::.C$:a..K..`�`�'. .�'�i..,.-...is t.-»��-3�i'�8&.r�`.^-..Es� �� «.Y�n......c .._� ,� .y Lam)-era v ...�,.. Mrs . Juanicorena, Thank you for your assistance . Peckham Development Corp requests that Weld County release the Irrevocable Letter of Credit # 10039 in the amount of $740, 792 . 34, for the CR 44 road improvements completed for the Weld County Industrial Park. Please provide documentation , when its available, of the release and verification that the original Letter of Credit has been returned to First Tier Bank. l understand that Peckham's lender, First Tier Bank has provided a warranty irrevocable letter of credit #10062 in the amount of $ 111, 118 . 85 for the warranty period to Weld County. Thanks again for your help . Regards, Mark Goldstein , President Peckham Development Corporation Mark Goldstein , President Goldstein Enteprises, Inc . P® Box 273180 Fort Collins, Colorado 80527 O-970-797-2187, M -970-231-6389 Office Address : 2850 McClelland Drive, Suite 2400 Fort Collins, Colorado 80525 1 11,1 . ,insoessonowifrve....„..., Weld County Colorado o O o a Public Works V, !Vitt,A ; .1 tic i, , Inspection Sheet e`er»b Y F " 1;tit,,,,, 2/ pit 6.?_st 44- 2 , _' ns}rd' Y 1'• 334- ,-,p,;- ,,,,....-v,u ? . . � ; d g ' Cs '� a t. , ,.. .. +o. S The following inspection form has been prepared by the Public Works Department to assist the Developer, contractor(s), Department of Public Works and Planning for the construction and inspection . - Date : ,' A . I. Address/Location : . . . 1WY - - NinW:ntwrM'.tiS4GYMe• VW.:a"...d . •P•.•• • ^,-..?"'Mv..9-➢rc(RlN10.R QN,W:�.".. ,,—._—.J_-C-4L-- _ i Pi e litit cTiet,CC-Iks .„,S % • Subdivision/USR/PUD: ,, A � } • e:t_':a .� .°..2•: �. .. N .::.A _ v. _ \n v 1 , , ¢fz� Y ,'t,n,• -: -y,.. ..,. @, .; .. ... .,��ffxvS�. . w.'>4:..h'G.•rr �'3(Yy ..n x '5' f< e- .v . � '4 � r'•� +Y� • -� r '. ., -. ,4 �k.:ae,E � N ;� .;. , . '�' i ff�ti S;. :, ,. a• s rp... h>' ".N.,'',3,', ; t . >: p �,r• prc n _3 _¢,�/8 F.' 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Ms . �be - v1/4.... -__-.._-°...'�"rwu..4 •, ... .. „g�-- .�..._...�...,n.-:.._ -s.K"l,r ru e...u.w.. ...,..en,gw.. ..v.,.,_..r.....m...,.�.n.¢y . _ vegetation at 70%, aggregate material 2 (c 4.cS Fire Suppression r Hydrant lotatlon, flow testing, fire chief sign-off ,,,,,,...,,,„geasit. Signs ...__. Roads, Subdivision .. . - .✓.w, u v v.n....v....,.. . .r . .......nu r._wn, ... ._......:.... :- -W...'s.1a'iL'_i ,. .. !t??�SVNr••_.........-.a.n.rn.y.ee....�y ym�. .. _ y z: h"t ^e». gyp. '�'�E6 yf^: a �l'�"i' ' *9 y"Z r s° ' � ` Weld County Colorado - Public Works s, 1 4> «. - ., b'' 'v.,/y `> -�w.v�w. r,.:..,.,. S... ...,.A,.,,...A.,., .. ,/ •.. .. ,,,...,n.,,..n f Ctl .2 N .J ",i 'i H'. .. '4x 1a — F-.rw ers any y; �lt y'.....,. . ... _ .. .. ..... . .. ',....__P. ..._..- .:.. �� . .. Inspection Sheet No. vp/ .. i `c The following inspection form has been prepared by the Public Works Department to assist the Developer, contractor(s), Department of Public Works and Planning for the construction and inspection . Y Address/Location : L� � p • Date : '-) Name : co s-T, - td, cSks-'48 ( Li ',a,a,:...,..wxa.:.• s'.z Amamw�x�/�w/.. ... ax—..na n,,.w.a.n,...,..., ., - < . .v.•,�vaa ,ntal:. Subdivision/USR/ PIED % ` .. h d .- _ .� ... W4VN'RNaMYMFiiM•m 'G( "'• r..N ••,u f" �....r+`N '*o"•T^.� .... .. ... .11YAapMW6'�uau�a.,nri�Y>'n+"l//nrN+.'r...Y wtnvwetr•..,,. .t.•rw�!c�ve e�ti�!!•.reYe.xfuxrmt•• _ • Anm ,vnave;a w�}{.aVgtox.,evi:ex^we. HawvH�wFFr=w!w.'wwT,Ra,�s„ymm?W>A+f ., vmzmw,.xv+.ae.._Jl1.W.h8+�Y Dtiti.�ww+)ru +N.:' . :' , , CA:'/ ��... 9 , / '(/ //�� 'g$Q p�j��A��q, g�:tt�q j�q Comments Item/ Activity ,...,/,�' /1 • !. 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Easements, utilities Easem. ents s N o Erosion control measures installed co WfMYbWYiWF'N.M4'a/RT13YyMWMN` N1�Y.lf/OM ,q+.._....ne .yp, u. ._ ,n.n a .e ue/. .pu• 4•,•:''- *Ski it f• I . 1. xre«germ_.uwvnrueumwwuwx«er vines•nc..�emsaeew+,��:.aa .<:a'r•.....,..,..... . .. ,.:> .. . ...; ......._, h .. ., - ...........,A,...1a. .. .... ..,.�. �� • Clearing and grubbing of roadway .... _.._.. . .,.__. ... ..... ......_.... ......... .nsm¢:aCt a(u/u. d..�.'.• artMcw.. Its . .., ,.5;a3.QAbMK>"!9.WAM1�N,>y.i(wWYF'uI,M1MWMl•Y'Yv, ,_. ox., 7J61A /. ,1gMn a. v '- :., '.../'... •.'..:.,:. "7FF�•••�+. AI. 'Y' ,nl� NY..A.I. '1.. .,Y, i.,Y SL;b ,. A.. .... . . ..1./,m '. . . -. - .. Installation of water and sanitary sewer facilities 1\j- , Placement/location of utilities, compaction results, sign off Installation of gas and other utilities 44 ---.4-"rarria--AttIMPIO4414.r4tW 1\st i Ai Placement/location of utilities, compaction results, sign off Installation of electric facilities l Placement/location of utilities, compaction results, sign offp I\.. Embankment material (Sub-base) (2,p - _ . Ott grade checks, compaction results and proof roll ' �IA� """ `` - .. -:.. II'f �' ,k iBase Course material8 ) ,,, _. material submittal, grade checks, compaction results and proof roll �•.. ,.. • ' '' ... ....... .. • f i-tot Mix Asphalt ( HMA) . .. 'v( .. emm�aUm�rne+xr,�w,wMV!M1F1n TAN..,..,ti111/1. ,,,amgf•••••• NH9 - HMA mix design approval, testing UL el c i ... .. rrvCEtu'a..arm NsWIT•EA)gMS Curb and Gutter t Concrete mix design approval, rade checks, proof roll, testing e33 f ., L f �` Concrete mix design`apQroval", _ e checks, proof roll testing, .... �:., q ; • Y � � `9,,�, Installation of storm drainage facilities & M54 .. .. type, size, length and elevation, outlet, level spreader '.:.._... __ .._,N�u�.ay,...,,r, -' .. r '� 4 . . ... ..._...r.--+r-s�av<a. t -a .� ,...f./ ..... alluwlw• .. ..: . '. .. - u � ..,. t . Grading of slopes (Barrow Ditch, pond, etc.,) V . I , , S sake' As-Bu.iltplans.. . :... /le/ * i . I . ••••.,•,.""`whaWbnA ... - .. _ NCfWNWVMNY aTISMI O wawa* Stabilization ., vegetation at 70%, a gregate material . Co n.17 : , - )<. Cli :-.SI Hydrant lo on, flow testing, fire chief sign-off Signs ,. ..,/.....,.........�M.Almm.,.�.,AJam.•.l. eww„'+.rYtymnrYY , j � v Roads, Subdivision 1".....,l.�S.,.,..1.."'7$1;:. 1;.;A B..AAYA.. 1...W.:'Y • ' ,�w.r m . . .. ., .... .. _: mow. -•kmvc,..�..r„wrem,. uatwnw�w .. ... � , � E i � t � �FtREV�CA LE LETTER F CREDIT Borrower: Peckham Development Corporation Lender: FirsTier Bank,Cheyenne 2850 McClelland Drive,Suite 2400 1508 Stillwater Avenue Fort Collins,CO 80525 Cheyenne,WY 82009 Beneficiary: Board of County Cammissioners of Weld County,Colorado 1150 O Street Greeley,CO 80631 Number: 1(i062 Expiration bate: This letter of credit shall expire upan the close of business on November 30,2019 and all drafts and accompanying statements or documents must be presented to Lender on or before that time (the "Expiration Date'°), However,this letter of credit shall be automatically renewed each 12 months from the existing expiration date of November 30, 2019,and shall continue to automatically renew each 12 months thereafter, unless no�ice is given in writing by FirsTier Bank, 60 days pr�orto the maturity date of November 30, 2019,or any succeeding maturity date thereafter. Amount of Credit: Lender heretay estabdishes at the request of and for the account of Borrower,ar� Irrevocable Letter of Credit in favor of Beneficiary for a sum of One Hundred Eleven Thousand One Hundred Eighteen &85/100 Dollars($111,118.85)(the "Lettgr of Credit"}. These funds shall be made available to Beneficiary upon Lender's receipt from Beneficiary of sight drafts drawn on Lender at Lender's address indicated above (or other such address that Lender may provide to Beneficiary in writing)durin�regular business hours and accompanied by a signed written statement or document stating Borrower is in default under its obligations to Benefaciary regarding the improvements to be constructed at or around the UVeld County Industrial Park. WARNING TO BENEFICIARY: PLEASE EXAMINE THIS LETTER OF CREDIT AT ONCE. IF YOU FEEL UNABLE TO MEET ANY OF ITS REQUIREMENTS, EITHER SINGLY OR 70GETHER,YOU SHOULD CONTACT BORROWER IMMEDIATELY TO SEE IF THE LETTER OF CREDIT CAN BE AMENDED. QTHERWISE,YOU WILL _ RISK LOSING PAYMENT UNDER THIS LETTER OF CREDfT FOR FAiLURE TO COMPLY STRICTLY WtTH ITS TERMS AS WRITTEN. Draft Terms�C�nditions: Lender shall honor drafts submitted by Beneficiary under the following terms and conditions: Receipt of signed,dated,written statemerat from Beneficiary that Borrower is in default under its obligations t� Beneficiary regarding the improvements to be constructed at or around the Weld County Industrial Park in Weld County, Colorado. Upan Lender's honor of such drafts, Lender shall be fully discharged of Lender's obligations under this Letter of Credit and shall not be obligated to P.fJ. Box 730,Kimball NE 69145 �308)235-4633 P.CI. Box 243�, Kearney 14TE 68�48 (3U8)238-2255 12Q S_Wilcox, Castle Ro�k,�� 80104 (303)660�4001 P.�. Box 510,E1m Creek NE 68836 (308)856-4661 P.Q.Box 20130, Cheyenne WY 82003 (307)632-3500 P.O. �o� 1038,Holdrege NE 68949 (308) 995-9595 P,O. Box 560,Upton WY 8273Q �30?)4b8-24�6 � � � � , � � FirsTier Bank Letter of Credit#10062 page 2 of 3 � { make any further payments under this Letter of Credit once the full amount of credit available under ` this Letter of Credit has been drawn. Beneficiary shall have no recourse against Lender for any amount paid under this Letter of Credit once Lender has honored any draft or other document which complies strictly wiYh this Letter of Credit,and which on its face appears otherwise in order but which is signed, issued,or presented by a party or under#he name of a party purporting to act for Beneficiary, purporting to claim through Beneficiary,or posing as Beneficiary without Beneficiary's authorization. By paying an amount demanded in accordance with th'rs Letter of Credrt, Lender makes no representation as to the correctness of the amount demanded and Lender shall not be liable to Beneficiary, or any other person,for any amount paid or disbursed for any reason whatsoever, including, without limitation,any non-application or misapplication by Beneficiary of the praceeds of such payment. By presenting upon Lender or a confirming bank, Beneficiary certifies that Beneficiary has not and will not present upon the other, unless and until Beneficiary meets with dishonor. Beneficiary promises to return to Lender any funds received by Beneficiary in excess of this Letter of Credit's maximum drawing amount. Any funds disbursed under the terms of this Letter of Credit shall be funded by wire transfer only,to the Board of County Commissioners of Weld County, Colarado, per wire instructions to be provided by Beneficiary. Use Restrictions: All drafts must be marked "DRAWN UNDER FIRSTIER BANK IRREVOCABLE LETI"ER OF CREDIT NUiV1BER 100b2 DATED NOVEMBER 1, 201�,"and the amount of each draft shall be marked on the draft. �nly Beneficiary may complete a draft and aecompanying statements or documents required by this Letter of Credit and make a draw under this Letter of Credit. This originaf letter of credit must accompany any drafts drawn hereunder. Partial draws are permitted under this Letter of Credit. Lender's honor of a partial draw shall carrespondingly reduce the amount of credit available under this Letter of Credit. Following a partial draw, Lender shall return this flriginal Letter of Credrt to Beneficiary with the partial draw noted hereon; in the alternative,and in its sole discretion, Lender may issu2 a substitute Letter of Credit to Beneficiary in the amount shown above, less any partial draw(s). Permitted Transferees: The right to draw under this Letter of Credit shall be non-transferrable,except fo r: A) A transfer(in its entirety,but not in part) by direct operation of law to the administrator, executor, bankruptcy trustee, receiver, liquidator,successor,or other representative at law of the original Beneficiary; and B) The first immediate transfer(in its entirety, but not in part) by such legal representative to a third party after express approval of a gvvernmental body(judiciaf,administrative, or executive). Transferees Required Documents: When the presenter is a permitted transferee (i) by operation of law or(ii)a third party receiving transfer from a legal representative, as described above, the documents �; � . �, # � � i " � FirsTier��nk Letter of�r�d�t#10062 page 3 of 3 ( � required for a draw shall include a certifi�d copy of the�ne or rrsore documents wrhich show the � presenter's authority to claim through or t�act with authority for the original Beneficiary. ` Corr9pliance Burden: Lender is not resporasible for any irrapossibility rn achieving strict compliance with the requirements af this Letter of Credit precisely as vvrit#en. �eneficiary understands and acknowledges: (i)that ur�less and until the pres�nt wording af this Letter of Crgdit is amended with Lender's prior written consent,the burden of complyang strictly with such wording remains solely upon Beneficiary,and (ii)that Lender is relying upon the lack of such arriendment as constituting Beneficiary°s initial and continued approval of stach vvordrng. IVon�Severab(lity: If any aspect of this Letter of Credit is ever declared unenforceable for any reason by any court or governmental body having jurisdiction, Lender's entire engagement under this Letter of Credit shall be deemed null and void ab initio,and both Lender and Ben�ficiary shali be restored to the position each would have occupied with all rights avaiiable as though thos Lett�r of Credit had never occurred. This non-severab�lity provision shall override a!I other provisiens in this Letter of Credit,no matter where such provision appears within this Letter of Credit. Governing Lawa This Agreement will be governed by federal law appiicable to Lender and,to the extent not preempted by federal law, th�laws of the State of Colorado without regard to its conflicts of law provisions, and except to the extent such laws are inconsistent with the 2007 Revision of the Unrform Customs and Practice for pocaarolentary Credits mf the International Chamber of Commerce, ICC Publication No.600. This Agreem�nt has been accepted by Lendar in the State of Wyoming. Expir�tion: Lender hereby agrees with Beneficiary that drafts drawn �nder and in compliance with the t�rms of this Letter of Credit will be duly honored if presented to L�nder on or b�fore the Expiration Date. The current expiratron date of this Letter of Credit is IVovember 30, 2019. However,this Letter of Credit shall be automatically renewed en 12-month intervals until returned by the Board of County Commissioners of W�Id County, Colarado,or until fully drawn. �ated: November 9,201� LEiVDER Firs'Cier Bank ��' „�,.�.��,�-- �yt Tim Ostic,�heyenne lVlarket Presidenf �NDOR5EMEIVT OF DRAFTS DRAIPVN: '1 Date �le o#iat�d� Amount in VV�rds �t�t�ttnt in Fi ures � Hello