TC Res. No. 1981-01_ - - .a: ..m. :Y,n'at:...•,.. ~ . ...u!e 1K.S7kt~t•tv~,. _ _ , i .r
'RESOLUTION N0. 81-1
SERIES OF 1981
WHEREAS, the Town of Avon has executed a Subdivision Improvements
Agreement dated July 10, 1979, with Wildridge Development Company which
,,agreement provides for the Town of Avon to hold certain unsold parcels of land
as collateral pending the completion of the installation of certain utilities
and roads; and i
WHEREAS, Wildridge Development Company has previously given to the Town of
Avon a deed of trust on all of Block 4 in Wildridge Subdivision; and
WHEREAS, Wildridge Development Company has previously given the Town of
Avon a deed of trust on all of Block 5, Wildridge Subdivision; and
WHEREAS, Wildridge Development Company, pursuant to Paragraph 2(d) of said
i
Subdivision Improvements Agreement, has provided to the Town of Avon an
up-to-date accounting of the costs of the required improvements, the costs of
construction already completed and the estimated remaining costs of;said
i
improvements, as well as an up-to-date calculation of the amount oficollateral
required and needed by the Town of Avon, all as set forth on Exhibit A attached
hereto and incorporated herein; and
'I
WHEREAS, the Town of Avon has previously agreed to release twenty-nine
(29) lots from Block 4 per Resolutions Number 10 and 15, Series of 1980, all of
which have been actually released at this time; and
I
WHEREAS, Wildridge Development Company continues to market certain of the
lots in Block 4; and
I
WHEREAS, Wildridge Development Company has requested the Town of Avon to
release an additional thirty-two (32) of said lots in Block 4 as said lots'are
sold based on credits for construction costs paid during August, September,
' I
October, November and December, 1980, and _
WHEREAS, the Town Council has satisfied itself that the value of the
remaining collateral in Blocks 4 and 5, Wildridge Subdivision, after thirty-two
(32) additional lots in Block 4 are released by the Town of Avon, is sufficient
to satisfy the purposes for which said collateral is being held.
NOW, THEREFORE, be it hereby resolved by the Town Council of the Town of .
Avon, Colorado:
The Subdivision Improvements Agreement referred to above shall be amended
to show as collateral Blocks 4 and 5, Wildridge Subdivision, less thirty-two
(32) additional lots in Block 4 which will be released by the Town of Avon as
sales of said lots are made by Wildridge Development Company, or such other
collateral as the Town and Wildridge Development Company may mutually agree
upon from time to time.
EXECUTED this Vday of January, 1981.
t
-.ATTEST
Town erk
EXHIBIT A
WILDRIDGE SUBDIVISION
CALCULATION OF COLLATERAL FOR TOWN OF AVON
AS OF JANUARY 1,1981
COLLATERAL NEEDED
Estimated
Balance to
Complete
8-01-BO
Roads, Drainage & Revegetation, $ 1,429,950
Sewer 1,416,424
Electrical 328,201
Engineering, Staking Platting 263,526
Telephone 389,776
$ 3,827,877
Balance to be Collateralized
Average Sales Price for 222 Lots Sold in Blocks 1-4
Approximate Number of Lots Needed by Town (A) (B)
Actual
Estimated
Construction
Balance to
Payments Aug-
Complete
ust thru Dec.
1-01-81
917,566 )
$ 512,384
( 750,277 )
666,147
( 139,305 )
188,896
( 191,723 )
91,803
( 9,282 )
380,494
$(1;988,153 )
COLLATERAL PRESENTLY HELD AND REQUESTED CHANGE
57 Lots in'Block 4 After Previously Authorized Releases
at Average of $61,358
26 Lots in Block 5 at Average of $61,358
TOTAL
Less 32 Additional 4ots In Block 4 Requested to be Released
Total to be held by Town (51 X $61,358)
$1,839,724(A)
$ 61,358(8)
$3,497,406
1,595.308
$5,092,714
21,963,456)
$3,129,258
Recorded atV . .....................o'clock ............M.,
t Reception N ........................Recorder.
KNOW ALL MEN BY TiIESE PRESENTS, That, Whereas,
Wildridge Development Company, a partnership
of Avon, Colorado by Deed of Trust
dated the 11th day of October , 1979 ,
and duly recorded in the office of the County Clerk and Recorder
of the County of Eagle in the
State of Colorado, on the 17th day of October , 19 79,
in Book 292 at Page 856 (film No. ,
reception No. 189253 conveyed to the Public Trustee
in said Eagle County, certain property in said
Deed of Trust described in trust to secure to the order of
Town of Avon, Colorado
the payment of the indebtedness mentioned therein.
AND, WHEREAS, said indebtedness has been partially paid and the purposes of said trust have
been partially satisfied
NOW, THEREFORE, at the request of the legal holder of the indebtedness secured by said Deed
of Trkist, and in consideration of the premises, and in further consideration of the sum of Five
Dollars to me in hand paid, the receipt whereof is hereby acknowledged, I, as the
Public Trustee in said Eagle County, do hereby remise, release and quit-claim unto the
present owner or owners of the property hereinafter described and unto the heirs, successors and
assigns of said owner or owners forever, all the right, title and interest which, I, as such
Public Trustee have in and to that part and portion of the property, set forth and described in the
aforesaid Deed of Trust, described as follows, to wit:
Lots 16, 21, 43, 53, 57, 64, 65, 66, 67, 68, 69, 84, 85, 86, 87 and 88 of
Block 4, Wildridge Subdivision as per the recorded plat thereof as recorded
in Book 303 at Page 466, County of Eagle, State of Colorado
RECORDER'S STAMP
situate, lying and being in the County of Eagle and
State of Colorado.
TO HAVE AND TO HOLD the same, together with all and singular the privileges and appur-
tenances thereto belonging forever. And further, that, as to the above described property, the said
Trust Deed is to be considered as fully and absolutely released, cancelled and'forever discharged.
Witness my hand and seal this
day of ,
,19
STATE OF COLORADO,
County of
Ae Pub . I . le T...n . j tce in on [J C._.ov nty of f (SEAL)
the uh.
Iss.
The foregoing instrument was acknowledged before me this day of
,19 by
as the Public Trustee in the said
County of , Colorado.
My commission expires
Witness my hand and Official seal.
Notary Public.
To the Public Trustee in said
County of
Please execute this release, the indebtedness secured by the above mentioned-Deed of Trust
jj having been partially paid and satisfied. Town of Avon, State. of Colorado
ATTEST:
/ Theeal holder of the indrbt new eceure+i by said Deed of Trust
Town Clerk
•In counties where boo nd page umbers have been abolished.
No. 927. PARTIAL /RELEASE OF DEED OF TRUST BY THE PUBLIC TRUSTEE.
Il radford Publishing Co., 15163 West 441 h Avenue, Golden, Colorado 80401- (303) 278.0644 - 4-80
June 9, 1981
Dear Pat:
Wildridge again needs to release some lots from
our deed of trust.
In the Town resolution dated 1-27-81 we were
granted approval for the release of 32 lots
(Resolution 81-1).
On release filed 2-2-81 we released 16 lots
On release filed 4-30-81 we released 4 lots
This leaves us a total of 12 lots which-we may
have released.
On the attached partial release we have asked for
5 lots which have been sold. If the attached is
okay, please get Al to sign it and I'll have it
recorded and the note endorsed at the County.
Thanks
JI6
11'
Book 324
Page 967
Recorded at... 0_1 o'clock........ M., June 22,
Johnnette Phillips
Reception No f~slG+3+~16!...
KNOW ALL MEN BY THESE PRESENTS, That, Whereas,
WILDRIDGE DEVELOPMENT COMPANY, a Partnership
of Avon, Colorado by Deed of Trust
! dated the 11th day of October , 1979
,
and duly recorded in the office of,the County Clerk and Recorder
of the County of Eagle in the
State of Colorado, on the 17th day of October , 19 79 ,
in Book 292 at Page 856 (film No. ,
reception No. 189253 conveyed to the Public Trustee
in said Eagle County, certain property in said
Deed of Trust described in trust to secure to the order of
TOWN OF AVON, COLORADO
the payment of the indebtedness mentioned therein.
Fee $3.00pd
Recorder. Eagle County
.
AND, WHEREAS, said indebtedness has been partially paid and the purposes of said trust have
been partially satisfied
NOW, THEREFORE, at the request of the legal holder of the indebtedness secured by said Deed
of Trust, and in consideration of the premises, and in further consideration of the sum of Five
Dollars to me in hand paid, the receipt whereof is hereby acknowledged, I, as the
Public Trustee in said Eagle County, do hereby remise, release and quit-claim unto the
present owner or owners of the property hereinafter described and unto the heirs, successors and
assigns of said owner or owners forever, all the right, title and interest which, I, as such
Public Trustee have in and to that part and portion of the property, set forth and described in the
aforesaid Deed of Trust, described as follows, to wit:
Lots 3, 19, 33, 72
as per the recorded
at Page 466, COUNTY
situate, lying and being in the
State of Colorado.
County of Eagle
and
TO HAVE AND TO HOLD the same, together with all and singuiar the privileges and appur-
tenances thereto belonging forever. And further, that, as to the above described property, the said
Trust Deed is to be considered as fully and absolutely released, cancelled and forever discharged.
Witness my hand and seal this 19th • day of June lg Sl .
GIS
'.r-~ EAT )
As the Publie TiuN7r in vaid /i ,/tfunty oy L
STATE OF COLORADO, l ' ` '
}ss.
County of EAGLE JJJ
-Tbe ,foregoing instrument was acknowle'dgeg before me this , 19th day of
June 19 Sl , by
as the Deputy Public Trustee in the said Eagle
CPugfr y , Colorado.
l~x vonrmission expires. -
Witness my hand and Official seal. j
Notary Public.
To the_Public Trustee in said
and 73 in Block 4, Wildridge Subdivision
plat thereof as recorded in Book 303
OF EAGLE, STATE OF COLORADO
County of Eagle
Please, execute this release, the indebtedness secured by the above mentioned Deed of Trust
having been partially paid and satisfied
TOWN OF'AVON, STATE'0 COLORADO
BY: Mayor
Z-~ - L..!._.~.. ..1
he Ie¢al ho.lder .1'
t t e ins •btedness secured by said Deed of Trust.
~-tt t :
"In counties where 1T912'RiI' l6rnI 4s have heen abolished.
No. 927. PARTIAi, RELEASE OF DEED OF TRUST BY THE PUBLICTRUSTF,F,.
Bradford I'ubhshing Co , Denver, Colo. 11-79
Recorded at# ......................o'clock.. M.,
Reception. No.., .
KNOW ALL MEN BY THESE PRESENTS, That, Whereas,
WILDRIDGE DEVELOPMENT COMPANY, a Partnership
of Avon, Colorado by Deed of Trust
dated the 11th day of October , 1979 ,
and duly recorded in the office of the County Clerk and Recorder
of the County of Eagle in the
State of Colorado, on the 17th day of October 1979
,
in Book 292 at Page 856 (film No. ,
reception No. 189253 ) * conveyed to the Public Trustee
in said Eagle County, certain property in said
Deed of Trust described in trust to secure to the order of
TOWN OF AVON, COLORADO
the payment of the indebtedness mentioned therein.
AND, WHEREAS, said indebtedness has been partially paid and the purposes of said trust have
been partially satisfied
NOW, 'I'llEREFOItE, at the request of the legal holder of the indebtedness secured by said Deed
of Trust, and in consideration of the premises, and in further consideration of the sum of Five
j Dollars to me in hand paid, the receipt whereof is hereby acknowledged, I, as the
j Public Trustee in said Eagle County, do hereby remise, release and quit-claim unto the
present owner or owners of the property hereinafter described and unto the heirs, successors and
assigns of said owner or owners forever, all the right, title and interest which, I, as such
Public Trustee have in and to that part and portion of the property, set forth and described in the
j aforesaid Deed of Trust, described as follows, to wit:
Lots 3, 19, 33, 72 and 73 in Block 4, Wildridge Subdivision
as per the recorded plat thereof as recorded in Book 303
at Page 466, COUNTY OF EAGLE, STATE OF COLORADO
situate, lying and being in the County of Eagle and
State of Colorado.
TO HAVE AND TO HOLD the same, together with all and singuiar the privileges and appur-
tenances thereto belonging forever. And further, that, as to the above described property, the said
Trust heed is to be considered as fully and absolutely released, cancelled and forever discharged.
Witness my hand and seal this
day of
,19
(SEAL)
As the Puhlie Trustcv in void County of
STATE OF COLORADO,-
3s.
County of
The foregoing instrument was acknowledged before me this day of
,19 ,by
County of , Colorado.
My commission expires
Witness my hand and Official seal.
as the Public Trustee in the said
Notary Public.
To the Public Trustee in said Countyof Eagle
Please execute this release, the indebtedness secured by the above mentioned Deed of Trust
having been partially paid and satisfiedTOWN 0 AVON, TAT 0 LORADO
R BY: Mayor
le¢sl ho Ater f t te
t dness secured by said Deed of Trust.
I 1
*In counties where b69I!'$ip*4APflumbelrs have been abolished.
No. 927. PARTIAL RELEASE OF DEED OF TRUST BY THE PUBLIC TRUSTEE.
Bradford Publishing Co.. Denver. Colo. 1]-79
..Recorder.
Book 322
Page 220 Recorded at..Adft~ -00 . . o'clock..P....... M.,Apri.1... ....27.,
. .
Reception No -Johnnet-te-•-Phil Iips
x ow ALL MEN BY THESE PRESENTS, That, Whereas,
WILDRIDGE DEVELOPMENT COMPANY, a Partnership
of Avon, Colorado by Deed of Trust
I- r,
dated the 11th day of October , 1979
and duly recorded in the office of the County Clerk and Recorder
of the County of Eagle , in the
State of Colorado, on the 17th day of, October . 19 79
in Book 292 at Page 856 (film No.
j reception No. 189253 conveyed to the Public Trustee
in said Eagle County, certain property in said
Deed of Trust described in trust to secure to the order of
TOWN OF AVON, COLORADO
the payment of the indebtedness mentioned therein.
...Recorder,
Fee $2.OOpd
Eagle County
AND, WHEREAS, said indebtedness has been partially paid and the purposes of said trust have P o
been partially satisfied a x
co ;rt
NOW, THEREFORE, at the request of the legal holder of the indebtedness secured by said Deed w
of Trust, and in consideration of the premises, and in further consideration of the sum of Five
Dollars to me in hand paid, the receipt whereof is hereby acknowledged, I, as the
Public Trustee in said Eagle County, do hereby remise, release and quit-claim unto the
present owner or owners of the property hereinafter described and unto the heirs, successors and
assigns of said owner or owners forever, all the right, title and interest which, I, as such
Public Trustee have in and to that part and portion of the property, set forth and described in the N
aforesaid Deed of Trust, described as follows, to wit: ZV
o
Lots 1, 17, 44 and 63 in Block 4, Wildridge Subdivision 0 CA
I; as per the recorded plat thereof as recorded in Book 303 a,° Ca
at Page 466, COUNTY OF EAGLE, STATE OF COLORADO K
i
o rt
r* o
li o
situate, lying and being in the
State of Colorado. •
County of
TO HAVE AND TO HOLD the same, together with all and singular t
tenances thereto belonging forever. And further, that, as to the above depC
Trust Deed is to be considered as fully and absolutely released, cancelled a
Witness my hand and seal this 24t day of
a
...d
As a Puhlic Trustee in said L
STATE OF COLORADO,
ss.
County of EAME
The foregoing instrument
April
Eagle
• S~
was acknowledged before me this 24th
19 81 , by Hubert N. Peterson
as the ' Public Trustee in the said
~n
and
I -zs
tO
co
OQ
CD n.
0
day of i
Eagle
Countytaf-••.j. = ,v4n,. , Colorado.
~v Ccol'YlY t oA a pires m Commissw exPi js S3ptCTJr~er 4 jig
~IIR
Z??A
t~Vin my na4mi Official seal.
Notary Public.
tee in said Countyof Eagle
a~ z
r c• Please exe>rutelthis release, the indebtedness secured by the above mentioned Deed of Trust
- -havi~Tiit partial~► paid and satisfied. SOWN AVON S *.d • ~X
4 ~1...
ho Aer of the iade r said Deed'of Trust
,4i Il
.
I~
it
Town Clerk
In counties where book n page numbs ve been abolished.
I
No. 927. PARTIAL RELEASE OF DEED OF TRUST BY THE PUBLIC TRUSTEE.
Bradford Publishing Co.,15163West 44thAvcc .CIOWMCdondoaal-(M)276.OW-4-80