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TC Res. No. 2004-29 APPROVING AND ACCEPTING THE PUBLIC IMPROVEMENTSTOWN OF AVON, COLORADO RESOLUTION NO. 04-29 Series of 2004 A RESOLUTION APPROVING AND ACCEPTING THE PUBLIC IMPROVEMENTS INSTALLED AND CONSTRUCTED IN ACCORDANCE WITH SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE VILLAGE (AT AVON) FILING 2 AND ESTABLISHING WARRANTY PERIOD FOR SAID IMPROVEMENTS WHEREAS, the Town of Avon entered into a SUBDIVISION IMPROVEMENTS AGREEMENT, dated April 23, 2002, with Buffalo Ridge Affordable Housing Corporation and Buffalo Ridge II LLLP in connection with the approval of the Final Plat for The Village (at Avon) Filing 2, Town of Avon, Eagle County, Colorado; and WHEREAS, said Agreement established certain public 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 in accordance with the Agreement and the subsequent release of the security deposits upon completion and the stipulated warranty period; and WHEREAS, said public improvements were substantially complete as of July 27, 2004; and WHEREAS, all required documentation for approval and acceptance of the improvements has been submitted. NOW, THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF AVON, that: 1. The public improvements required to be constructed in conjunction with The Village (at Avon) Filing 2 are substantially complete as of July 27, 2004, in accordance with the SUBDIVISION IMPROVEMENTS AGREEMENT and the stipulated one-year warranty period for said improvements shall extend to July 27, 2005. 2. The public improvements are hereby approved and accepted by the Town of Avon with the exception of items of warranty work, which are identified during the warranty period, which items shall have a warranty period, which extends for one year from the date of satisfactory correction of the warranted item. Resolution No. 04-29 Public Improvements V@A Page I of 2 3. Effective July 27, 2004, the security deposit may be released and warranty work on Subdivider's Improvements will be secured by a dual obligee bond in accordance with the Subdivision Improvements Agreement. ADOPTED THIS DAY OF , 2004. ,47i~ GFw S AL A ~c Pa M envy, Town Clerk TOWN COUNCIL TOWN OF AVON, COLORADO uutt)". Albert D. Reynolds, May Resolution No. 04-29 Public Improvements V@A Page-2 of 2 V, Memo TO: Honorable Mayor and Town Council Th ru : Larry Brooks, Town Manager From: Norm Wood, Town Engineer Date: July 19, 2004 Re: The Village (at Avon) Filing 2 - Public Improvements Acceptance Resolution No. 04-29 Su m m a ry: • Resolution No. 04-29 approves and accepts the public improvements installed in conformance with the Subdivision Improvements Agreement for The Village (at Avon) Filing 2. These improvements generally, consist of extension of Swift Gulch Road, bike path, storm drainage, debris flow basins, water main extensions, sewer main extensions and shallow utilities to serve the Buffalo Ridge housing project. This construction is now complete and all required materials and certifications have been "submitted. Resolution No. 04-29 also establishes the one- year warranty period and allows release of the security deposit with a dual obligee bond to provide security for the warranty period. Recommendations: Approve Resolution No. 04-29, A Resolution Approving and Accepting the Public Improvements Installed and Constructed in Accordance with Subdivision Improvements Agreement for The Village (at Avon) Filing 2 and establishing warranty period for said Improvements. Town Manager Comments: lAEngineering\Avon Village\3.0 Filing 2\ Completion\Acceptance Memo.Doc TOWN OF AVON RESOLUTION NO. 04-29 Series of 2004 A RESOLUTION APPROVING AND ACCEPTING THE PUBLIC IMPROVEMENTS INSTALLED AND CONSTRUCTED IN ACCORDANCE WITH SUBDIVISION IMPROVEMENTS AGREEMENT FOR THE.VILLAGE (AT AVON) FILING 2 AND ESTABLISHING WARRANTY PERIOD FOR SAID IMPROVEMENTS WHEREAS, the Town of Avon entered into a SUBDIVISION IMPROVEMENTS AGREEMENT, dated April-23, 2002, with Buffalo Ridge Affordable Housing Corporation and Buffalo Ridge II LLLP in connection with the approval of the Final Plat for The Village (at Avon) Filing 2, Town of Avon, Eagle County, Colorado; and WHEREAS, said Agreement established certain public 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 in accordance with the Agreement and the subsequent release of the security deposits upon completion and the stipulated warranty period; and WHEREAS, said public improvements were substantially complete as of July 27, 2004; and WHEREAS, all required documentation for approval and acceptance of the improvements has been submitted. NOW; THEREFORE BE IT RESOLVED BY THE TOWN COUNCIL OF THE TOWN OF AVON, that: 1. The public improvements required to be constructed in conjunction with The Village (at Avon) Filing 2 are substantially complete as of July 27, 2004, in accordance with the SUBDIVISION IMPROVEMENTS AGREEMENT and the stipulated one-year warranty period for said improvements shall extend to July 27, 2005. 2. The public improvements are hereby approved and accepted by the Town of Avon with the exception of items of warranty work, which are identified during the warranty period, which items shall, have a warranty period, which extends for one year from the date of satisfactory correction of the warranted item. I:\Fngineering\Avon Village\3.0 Filing 2\Completion\Approval Res.Doc r~ 3. Effective July 27, 2004, the security deposit may be released and warranty work on Subdivider's Improvements Will be secured by a dual obligee bond. in accordance with the Subdivision Improvements Agreement. ADOPTED THIS DAY OF , 2004. TOWN COUNCIL TOWN OF AVON, COLORADO Albert D. Reynolds, Mayor ATTEST: Patty McKenny, Town Clerk IAEngineeringWvon Village\3.0 Filing 2\ CompletionWpproval Res.Doc