RESOLUTION NO. CC92-593

RE:Performance guarantee for Coors Technology Center, Exemption Survey No. 3 and Exemption Case No. E14-3-90

WHEREAS, the Board of County Commissioners did, on July 30, 1990, accept Subdividers Completion Bond (Landscaping) No. 5629911 from the Safeco Insurance Company of America in the amount of $61,823.11 with a completion date of July 23, 1991, to guarantee landscaping improvements necessary to serve Lot 3A of the Coors Technology Center Subdivision; and

WHEREAS, the Board of County Commissioners did, on July 8, 1991, accept a Surety Rider to Subdividers Completion Bond No. 5629911 from the Safeco Insurance Company of America dated June 20, 1991, amending the completion date of said Subdividers Completion Bond to July 23, 1992, with all other terms and conditions remaining unchanged; and

WHEREAS, the Jefferson County Department of Highways and Transportation has indicated, by memo dated June 23, 1992, that $61,823.11 would continue to be necessary for the completion of public improvements within said subdivision; and

WHEREAS, the Subdivider has submitted a Surety Rider to said Subdividers Completion Bond No. 5629911 from the Safeco Insurance Company of America dated June 15, 1992, extending the completion date to July 23, 1993, with all other terms and conditions remaining the same; and

WHEREAS, the County Attorney's Office has reviewed said Surety Rider to Subdividers Completion Bond No. 5629911 and has approved the same as to form.

NOW, THEREFORE, BE IT RESOLVED that the Surety Rider to Subdividers Completion Bond No. 5629911 dated June 15, 1992, from the Safeco Insurance Company of America extending the completion date to July 23, 1993, with all other terms and conditionsremaining the same, be and hereby is accepted.

BE IT FURTHER RESOLVED that said Surety Rider to Subdividers Completion Bond No. 5629911 from the Safeco Insurance Company of America be deposited for safekeeping, together with the original Subdividers Completion Bond, by the Director of Administrative Services.

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

Commissioner John P. Stone AYE

Commissioner Rich Ferdinandsen AYE

Commissioner Marjorie E. Clement, Chairman AYE

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

Dated: June 29, 1992