HomeMy Public PortalAboutResolution 2021-03-02 Partial Surtey Reduction Per SIA for EMF12 TOWN OF FRASER
RESOLUTION NO. 2021-03-02
A RESOLUTION APPROVING A PARTIAL REDUCTION IN THE SURETY PURSUANT TO
THE SUBDIVISION IMPROVEMENT AGREEMENT (SIA) FOR EAST MOUNTAIN FILING 12.
WHEREAS, Rendezvous Colorado, LLC and the Town of Fraser entered into a SIA,
Reception #2020011317, to ensure completion of certain infrastructure and which SIA provides
for reductions in surety requirements; and
WHEREAS, Rendezvous Colorado, LLC has requested a reduction in surety because
these improvements are substantially complete and Town Staff has reviewed the request and
has determined it to be in conformance with the provisions of said agreement; and
WHEREAS, this is the first partial reduction in surety for East Mountain Filing 12
NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF TRUSTEES OF THE TOWN OF
FRASER, COLORADO THAT:
1. The Town Board of Fraser, Colorado hereby authorizes a partial reduction in the surety
required under the terms of the East Mountain Filing 12 SIA from $1,728,735 to
$691,494.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 3rd DAY OF March, 2021.
Votes in favor: 7 BOARD OF TRUSTEES OF THE
Votes opposed: 0 T-9W OF FRASER, COLORADO
Abstained: .
Absent:
BY:
Ma•or
OF FRys�� ATTEST:
(• A L)
SEA,
Town Clerk
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