Commissioner Miller moved that the following Resolution be adopted:
BEFORE THE BOARD OF COUNTY COMMISSIONERS
OF THE COUNTY OF JEFFERSON
10) PUBLIC IMPROVEMENTS
WHEREAS, the Board of County Commissioners did, on February 24, 1992, accept Irrevocable Letter of Credit No. 82-214-115 from the Bank of Evergreen in the amount of $7,153.00 with an expiry date of February 14, 1993 to cover public improvements necessary to serve Lots 6, 7, 9, and 10 in the Rancho Mirage Subdivision; and
WHEREAS, the Jefferson County Department of Highways and Transportation has indicated, by memo dated January 14, 1993, that $7,153.00 would continue to be necessary for the completion of public improvements necessary to serve Lots 6, 7, 9, and 10 within said subdivision; and
WHEREAS, the Subdivider has submitted an Amendment to said Letter of Credit No. 82-214-115 from the Bank of Evergreen dated January 26, 1993, extending the expiry date to February 14, 1994, in the same amount of $7,153.00, 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. 82-214-115 and has approved the same as to form.
NOW, THEREFORE, BE IT RESOLVED that the Amendment to Irrevocable Letter of Credit No. 82-214-115 dated January 26, 1993, from the Bank of Evergreen extending the expiration date to February 14, 1994, 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. 82-214-115 from the Bank of Evergreen be deposited for safekeeping, together with the original Letter of Credit, by the Director of Administrative Services.
CC93-114
Page 2
Commissioner Stone seconded the adoption of the foregoing Resolution. The roll having been called, the vote was as follows:
Commissioner Betty J. Miller AYE
Commissioner Gary D. Laura ABSENT
Commissioner John P. Stone, Chairman AYE
The Resolution was adopted by majority vote of the Board of County Commissioners of the County of Jefferson, State of Colorado.
Dated: February 3, 1993