@@Commissioner Ferdinandsen moved that the following Resolution be adopted:
BEFORE THE BOARD OF COUNTY COMMISSIONERS
OF THE COUNTY OF JEFFERSON
Subdivision (Public Improvements)
WHEREAS, the Board of County Commissioners did, on October 7, 1985, accept Irrevocable Letter of Credit No. 1284 from the FirstBank of Wheat Ridge in the amount of $6,605.50 to cover public improvements in the Meadowbrook East Filing No. 1 Subdivision; and
WHEREAS, the Board of County Commissioners did, on September 9, 1991, accept an Amendment to Letter of Credit No. 1284 from the FirstBank of Wheat Ridge in the same amount of $6,605.50 extending the expiration date of said Letter to September 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 August 27, 1992, that a reduced amount of $4,955.00 would be necessary for the completion of the remaining public improvements within said subdivision; and
WHEREAS, the Subdivider has submitted an Amendment to said Letter of Credit No. 1284 from the FirstBank of Wheat Ridge dated August 24, 1992, extending the expiry date to September 23, 1993, in the reduced amount of $4,955.00, with all other terms and conditions remaining the same; and
WHEREAS, the County Attorney's Office has reviewed said Amendment to Irrevocable Letter of Credit No. 1284 and has approved the same as to form.
NOW, THEREFORE, BE IT RESOLVED that the Amendment to Irrevocable Letter of Credit No. 1284 dated August 24, 1992, from the FirstBank of Wheat Ridge, extending the expiration date toSeptember 23, 1993, in the reduced amount of $4,955.00, with all other terms and conditions remaining the same, be and hereby is accepted.
BE IT FURTHER RESOLVED that said Amendment to Irrevocable Letter of Credit No. 1284 from the FirstBank of Wheat Ridge be deposited for safekeeping, together with the original Letter of Credit, by the Director of Administrative Services.
Commissioner Stone seconded the adoption of the foregoing Resolution. The roll having been called, the vote was as follows:
Commissioner Rich Ferdinandsen AYE
Commissioner John P. Stone 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: September 8, 1992