Commissioner Clement moved that the following Resolution be adopted:

BEFORE THE BOARD OF COUNTY COMMISSIONERS

OF THE COUNTY OF JEFFERSON

STATE OF COLORADO

RESOLUTION NO. CC91-536

WHEREAS, the Board of County Commissioners did, on June 30, 1988, accept Irrevocable Letter of Credit No. S41983 from the United Bank of Denver in the amount of $120,162.00 with an expiry date of June 30, 1989 to guarantee park land dedication for Sixth Avenue West Estates - First and Second Filings; and

WHEREAS, the Board of County Commissioners did, on June 19, 1989, accept an Amendment to Letter of Credit No. S41983 from the United Bank of Denver in the increased amount of $126,170.00 extending the expiration date of said Letter to June 30, 1990, with all other terms and conditions remaining unchanged; and

WHEREAS, the Board of County Commissioners did, on June 4, 1990, accept an Amendment to Letter of Credit No. S41983 from the United Bank of Denver in the increased amount of $132,478.00 extending the expiration date of said Letter to June 30, 1991, with all other terms and conditions remaining unchanged; and

WHEREAS, the Jefferson County Planning Department has indicated, by memo dated June 26, 1991, that the park lands have been dedicated to Jefferson County by Deed No. D49-6-91 which is a condition of the guarantee under said Letter of Credit No. S41983 and therefore has been completed to the satisfaction of the County.

NOW, THEREFORE, BE IT RESOLVED that Irrevocable Letter of Credit No. S41983 from the United bank of Denver, together with its Amendments., be returned by the Director of Administrative Services to the developer, Mike A. Leprino, at 143 Union Boulevard, Suite 110, Lakewood, Colorado, 80228.

Commissioner Ferdinandsen seconded the adoption of the foregoing Resolution. The roll having been called, the vote was as follows:

Commissioner Marjorie E. Clement Aye

Commissioner Rich Ferdinandsen Aye

Commissioner John P. Stone, Chairman Aye

The Resolution was adopted by unanimous vote of the Board of County Commissioners of the County of Jefferson, State of Colorado.

Dated: July 1, 1991