HomeMy Public PortalAboutResolution 2023-09-07 Partial Reduction per Improvement Agreement for Water and Sewer Infrastructure for Byers Peak Ranch Filing 2, Parcel 2TOWN OF FRASER
RESOLUTION NO. 2023-09-07
A RESOLUTION APPROVING A PARTIAL REDUCTION IN THE SURETY PURSUANT TO
THE IMPROVEMENT AGREEMENT (AGREEMENT) FOR WATER AND SEWER
INFRASTRUCTURE FOR BYERS PEAK RANCH FILING 2, PARCEL 2
WHEREAS, Byers Peak Properties, LLC and the Town of Fraser entered into an
AGREEMENT, Reception #2020010292, to ensure completion of certain infrastructure and
which AGREEMENT provides for reductions in surety requirements; and
WHEREAS, Preliminary Acceptance was granted on August 31, 2023 which allows the
developer to reduce the surety to 20% in accordance with the 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 Water and Sewer Infrastructure for Byers Peak Ranch Filing
2, Parcel 2 AGREEMENT from $500,000 to $100,000.
READ, PASSED ON ROLL CALL VOTE, AND ADOPTED BY THE BOARD OF TRUSTEES
THIS 20th DAY OF SEPTEMBER 2023.
Votes in favor: -7 BOARD OF TRUSTEES OF THE,!---)
Votes opposed: 6 TOWN OF FRASER, COLORADO
Abstained:
BY: 1
Mayor
ATTEST: `/
Town Clerk
./01"