HomeMy Public PortalAboutRES-CC-2008-26Resolution #26-2008
A RESOLUTION ACCEPTING THE PUBLIC IMPROVEMENTS CONSTRUCTED IN
ASSOCIATION WITH THE SUBDIVISION KNOWN AS SUNRISE HILLS SUBDIVISION,
AND AUTHORIZING THE RELEASE OF THE PERFORMANCE GUARANTY
ASSOCIATED WITH SAID IMPROVEMENTS.
WHEREAS, the City of Moab (the "City") and Charles D. Pipkin ("Owner") entered into a
Subdivision Improvements Agreement dated June 15, 2006 (the "Agreement") covering the public
improvements associated with the above named subdivision; and
WHEREAS, Owner posted collateral in the form of cash held in escrow by Centennial Bank for the
benefit of the City and a Deed of Trust on real property naming the City as beneficiary to guarantee
the improvements required by the Agreement; and
WHEREAS, the City has determined that Owner has completed the improvements in accordance with
the terms of the Agreement; and
WHEREAS, pursuant to the terms of the Agreement, Owner warrants that all improvements shall be
free of defects in materials and workmanship for a period of one (I) year from the date of this
acceptance; and
WHEREAS, pursuant to the terms of the Agreement, Owner is entitled to a full release of the
performance guaranty at this time.
NOW THEREFORE, we, the Governing Body of the City of Moab do hereby resolve to accept the
public improvements covered by the Agreement referenced herein, specifically street improvements,
water system improvements, sewer system improvements, and storm drainage improvements located
within the subdivision and do hereby authorize the full release of Owner's collateral.
Passed and adopted by action of the Governing Body of the City of Moab in open session this
26th day of August, 2008.
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David L. Sakrison, Mayor
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Resolution #26-2008
Ent 497979 Bk 772 Pg 212
Date: 27—MAY-2011 11:55:08AM
Fee: None
Filed By: JAC
JOHN ALAN CORTES Recorder
GRAND COUNTY CORPORATION
For: MOAB CITY