TC Res. No. 1999-39TOWN OF AVON
RESOLUTION NO. 99 - 39
Series of 1999
A RESOLUTION APPROVING THE RELEASE OF SECURITY DEPOSIT FOR
WARRANTY WORK COMPLETED, ON IMPROVEMENTS INSTALLED AND
CONSTRUCTED IN ACCORDANCE WITH AMENDED AND RESTATED
SUBDIVISION IMPROVEMENTS AGREEMENT FOR MOUNTAIN STAR
SUBDIVISION.
WHEREAS, the Town of Avon and Mountain Star Limited Liability Company entered into an
AMENDED AND RESTATED SUBDIVISION IMPROVEMENTS AGREEMENT in
connection with the approval of the Final Plat for Mountain Star Subdivision; and
WHEREAS, said Agreement established certain public and private improvements to be
constructed in conjunction with said subdivision; and
WHEREAS, said Agreement established requirements for the provision of security deposits to
assure completion of the improvements and provide for warranty work in accordance with the
Agreement and the subsequent release of the security deposits upon completion of the
improvements and warranty work; and
WHEREAS, the stipulated one-year extension warranty period will be completed September 30,
1999, and there were no outstanding warranty issues as of that date.
NOW, THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN
OF AVON, that all security deposits held by the Town of Avon to assure correction of warranty
items shall be released in accordance Subdivision Improvements Agreement.
ADOPTED THIS 14 DAY OF September 91999.
ATTEST:
TOWN COUNCIL
TOWN OF AVON, COLORADO
dy d ayor
CADocumentsTlat Reviews\1999\MtnStarRes9939.doc
Town Clerk