HomeMy Public PortalAboutResolution 2022-03-01 Partial Reduction in Surety Pursuant to SIA for EMF 12TOWN OF FRASER
RESOLUTION NO. 2021-03-01
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 and Town
Staff has reviewed the request and has determined it to be in conformance with the provisions
of said agreement.
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 $691,494.00 to
$345,747.00.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 2nd DAY OF MARCH, 2022.
Votes in favor: 7
Votes opposed: 0
Abstained:
Absent:
SON OFF F
CORA°
BOJSE TRUSTEES OF THE
TOWN OF F ER, Q0 JORADQ._
BY:
Mayor
ATTEST:
J
Town Clerk