HomeMy WebLinkAbout1.16 Acknowledgement of Satisfaction- Phase 11111 Pnii hii w1!veiI Crcinuliii 11 111
Reception#: 828069
12/05/201202 48:49 PM Jean Alberioo
1 of 1 Roc Fee:$0.00 Doc Fee:0.00 GARFIELD COUNTY CO
ACKNOWLEDGMENT OF SATISFACTION AND DIRECTION TO TREASURER
TREASURER'S DEPOSIT AGREEMENT
PHASE 1 SPRING VALLEY RANCH SUBDIVISION REVEGETATION TDA
Recitals
1. Spring Valley Holdings, LLC, a Delaware Limited Liability Company, entered into a
2010 Garfield County Treasurer's Deposit Agreement with the Board of County Commissioners of
Garfield County, Colorado ("BOCC") and the Treasurer of Garfield County, Colorado ("Treasurer")
dated September 7, 2010, and recorded as Reception Number 793244 (starting at page 46) of the Real
Estate Records of the Garfield County Clerk and Recorder ("Deposit Agreement").
2. Spring Valley Holdings, LLC applied for an Amended Final Plat and P.U.D.
Amendment. These applications were approved upon Administrative Review by the Garfield County
Director of Building and Planning, which approval became effective on June 18, 2012.
3, As a result of these approvals, the revegetation required by the Subdivision
Improvements Agreement, Phase 1 Spring Valley Ranch Subdivision, recorded as Reception No.
793244 ("SIA'°), and securitized by the Deposit Agreement is not necessary as part of Phase 1.
Accordingly, the parties have entered into a Release of the Subdivision Improvements Agreement,
recorded as Reception No. Sa$QG $ .
Acknowledgement
NOW THEREFORE, at the request of Spring Valley Ranch Holdings, LLC and in consideration
of the premises and the prior agreements contained in the Deposit Agreement, the SIA, the BOCC
hereby:
1. acknowledges the parties have agreed to release each other from any and all obligations
under the SIA;
2. authorizes disbursement of hands from the Phase I Spring Valley Ranch Subdivision
Revegetation Treasurer's Account in the amount of $ 4,200.78. resulting in a remaining balance
of $ -0-
3. authorizes and directs the Treasurer to release the funds held in the
Treasurer's Account to an authorized representative of Spring Valley Holdings, LLC.
ATTEST:
WARD OF COjfNTY C MMISSIONERS
OF,GARFIE 17'COUNT , COLORADO
lerk to the Board
11111 wI 11111
Reception#: 828070
1Zomf512Roo 02:48:49 PM
Doe,Fea;0,0O GARFIELD COuNTY CO
ACKNOWLEDGMENT OF SATISFACTION AND DIRECTION TO TREASURER
TREASURER'S DEPOSIT AGREEMENT
PHASE 1 SPRING VALLEY RANCH SUBDIVISION IMPROVEMENTS TDA
Recitals
1. Spring Valley Holdings, LLC, a Delaware Limited Liability Company, entered into a
2010 Garfield County Treasurer's Deposit Agreement with the Board of County Commissioners of
Garfield County, Colorado ("BOCC") and the Treasurer of Garfield County, Colorado ("Treasurer")
dated September 7, 2010, and recorded as Reception Number 793244 (starting at page 39) of the Real
Estate Records of the Garfield County Clerk and Recorder ("Deposit Agreement").
2. Spring Valley Holdings, LLC applied for an Amended Final Plat and P.U.D.
Amendment. These applications were approved upon Administrative Review by the Garfield County
Director of Building and Planning, which approval became effective on June 18, 2012.
3. As a result of these approvals, the improvements required by the Subdivision
Improvements Agreement, Phase 1 Spring Valley Ranch Subdivision, recorded as Reception No.
793244 (`'S[A"), and securitized by the Deposit Agreement are not necessary as part of Phase 1.
Accordingly, the parties have entered into a Release of the Subdivision Improvements Agreement,
recorded as Reception No. Sa S 0 6S.
Acknowledgement
NOW THEREFORE, at the request of Spring Valley Ranch Holdings, LLC and in consideration
of the premises and the prior agreements contained in the Deposit Agreement, the SIA, the BOCC
hereby:
1. acknowledges the parties have agreed to release each other from any and all obligations
under the SIA;
2. authorizes disbursement of funds from the Phase I Spring Valley Ranch Subdivision
Improvements Treasurer's Account in the amount of $267.096.59, resulting in a remaining
balance of $ -0-
3. authorizes and directs the Treasurer to release the funds held in the
Treasurer's Account to an authorized representative of Spring Valley Hb1dings, LLC.
BOARD OF COUNTY COMMISSIONERS
ATTEST: OF GARFIELiD'COUNTY, COLORADO
enom. TY)
lerk to the Board
By:
John artin, Chairma
Date:
•