HomeMy WebLinkAbout2.0 Acknowledgement of Fifth & Final Satisfactiontlll lltlrrl',T¡Hr_1ilt1!Ü li ll It ltl li I üfulillÞ f I rllltú I I I I IRcceptlon$t 905455ø6lqTl.2UA Ø2tØ9t38 pÉ Jsàn ntberiooT of 1 Rec Foe;$Ø,00 Doo Fas:@.00 GARFIELD C0UNTY C0
ACKNOWLEDGMENT OF THE rIFTH AFID FINAL SATISFACTION
AI\D DIRECTION TO RELEASE FI]¡{DS
RELATED TO ESCROW AGREEMENT
Recitals
l. Blue Heron Properties, LLC, a Colorado Limited Liability Company ("Blue
Heron"), entered into a Subdivision Improvements Agreement ("SIA") with the Board of County
Commissioners of Garfield County, Colorado ("BOCC") dated September 21,2015 recorded on
September 22,2015 as ReceptionNumber 868310 inthe records of the Garfield County Clerk and
Recorder.
2. Collateral for the public improvements for the SIA is held by Land Title Guarantee
Company pursuant to an Escrow Agreement recorded on October 20,2015 at Reception Number
869515 in the records of the Garfield County Clerk and Recorder (o'Escrow Agreement").
3. Blue Heron has presented certification to the BOCC from a licensed engineer that
all of the construction of Improvements has occurred in accordance with the SIA for Ironbridge
Phase III Filing 1 and requests that the collateral be released in its entirety.
Acknowledgment
NOW THEREFORE, at the request ofBlue Heron for a final partial satisfaction and release
and in consideration of the premises and the prior agreements contained in the SIA and Escrow
Agreement the BOCC hereby:
1. Acknowledges the final partíal satisfaction of the security requirements of the SIA based
upon the documentation provided by Blue Heron;
2. Authorizes disbursement of funds from the Escrow Account in the amount of $33,960.00,
resulting in a remaining balance of $0; and
3. Authorizes and directs Land Title Guarantee to release the fi.mds held in the
Escrow Account to an representative of Blue
BOARD OF
ATTEST:OFG COLORADO
By:
to the J
OIJNTY
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