HomeMy WebLinkAboutCASOLAR VAIL LOT 2 (2)0qt-18-08 ll:38a4 FrqrTffit 0F YAlt Clm*FllTY EVELofiF[r 3rMrsll5e T-8?t P.002/[08 F-09!
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trEVELOPER IMPRO!|EMENT AgREEITENT
THls AGREEMENT, made and enlered into ihis 29tloay ef Oc tob er ao 05,
byandamons George c. sc.oJl _{the "Deleloper"}. ard the Tcnaql of
Vail (the Town") afid Sunehinq State Comnunity B4!b-(the "eanfl.
WHEREAS, the Devebper, as a condilien ef apprcval of the Temporary Certififfite of
Occupancyfoi 1115 A/E.'Fp9lar Drive, Vail,;Qqlgqe4o 41651-Lot A7 Block 2
. - PR 04-0420/pB!_!49:!I . -(address, tegnl descriplion" and projed nurnber) wishes b enter ints a Derielryer lmprwe.nrent
Agreement and
WHEREAS" the Developer b obligsted to provide seeurit1l or collateral sufficient in ihe
judgement of the Torvn h rnake reasonable pruvisione for campbtion of certain imFmvements set
forth in the attachad e*timabd bid{s) in aecordance with the approrrred plans and specificatirys
flled in ihe offioe of the Communifir Developrnent lleparfrnent of the Tourn of Vail; and
WHEREAS, lfte Developer wishee to prwide securi$ to guaran@ petiomence of thia
Agreement, including cornplelien of all improverfients refsred tq in this Agreerneft by means of
the following:
The Devebper agrees to esbblish an irrevs€able letter sf credit # 399t9--Iffithe anrount
of$ tt.A75.00_ si$l Sunshi{le State Coqmunity Sank
fiqmng@txnkxtriFesbc&r:ntry*gbmh) as the $ecuri$ for the coffptetrbn of al
improvemente f€fe*ed b in this Agreernent in tte everrt thete is a default under thiE
Agreernent by the Developer-
NOW THEREFORE, in consideration of the follor*ing mutual covenants and qreemenb,
the Derreloper and the Town agme as follows:
1 . The Developer ryrees, at lts sole ooet and experr$e, ts furni*h all equipment and
materials necessary ta perform and compleE att improvenpnts refened b ifl thi$ Agtee$slt. Ttte
Dweloper esrees tCI complete all impmvemenb refened to in this ASreement on gf before the
$Uayof octobeE eQ_A!_. The Developet shall mrn$ete, in a gpod
r,,vorlananlikE fitenner, all improvement€ ,efsred to in this Agreerrer4 in aecordance with all
approved plans and specificdions nled iq the ofice sf tfie Cornmunity Devebynent Deparhrent
of the Town of Vait, and to do all uuork incldental ther€rto according to and in eomplhncc wih the
following:
Addrw:
Devdoper;
Ldtersf Credit Expirdti,on Datei /d - pl -AA
F:taoaviFoRM9Dl*UllAsEd?ilsmai-1{3w-dlE PaSe r ots
0ct-|8-ll5 ll:3tan 9701?st4t1 T-0?s F.003/006 F-0!0
' a. All saiel wort shall be done under Ele ingpectlon ol end to the satisfacton
of, tlrc Tourn Pianner, the Town Engirleer. the Tonrn Buildirg ffiiql, or sther
offeiel fffin the Touun of Vail, as affe{ied by special di$tri(# orservice districh, as
ttreir respectue inerst may appear, and shall not be deemed complete untilapprod ard accepbd as completed by the Cofimunily Dwelopment
DeparUnert ard PublhWerks Deparknent of theTolvn of Vail,
2. Tq seege and grrarantee pErformence of the obtigafni* as set foltr herein, fre
Developer agrees to p.ovide $ecffrity aE follsr'r$i
lnevocable letterof dedit*300a-9!9l-jn the mmrrntaf $11'875-00 -(12i% at firc total msts of the attecfred st mflted bid(s) wi$r Sunshine StateComunit set toffio"qrh.. .em6 {noi to eryire lesu
than 3O dap after the date set fonth in furagraph 1 of |his Agreernant) as lfia
seruity 5or lhe-cornple{hn of all improvemenb rebned b in this Agreement in lhe
event tfere ie a default underthb Agreernent by Et€ Developer.
3, The Develeper may at any lime substihrte the searity otiginafty set for& above fi)r
anodrer funn of security or collahral accspbble tc the Tmvn h guarantee tte fuittttl en$etion
of fio$e improvements rafefred to in thk Agneement *d the perfcrmarne o8&e tenns df thb
Agreemerrt. gucfi affipt'nce by tfie Tom of atbmatfue ses|.|rru or mllalerEl $hau be at sre
Tovcn's ssle discrction,
4. The Town shall nol nor ehall any offer or empfoyee thet€of, be llable ur
responoible for any accidenL lose or damage happening or oecunlng to the wark spedfied in thb
Agreeffent piior to the oomplefion and aftepEnce of the sern6. nor shall the Toun, nor arry
offcer or employee therepf, be liable fur any persore or property inlured by rcason sf the nafi.re
of said work, but all of said frabalilie$ $hall and are hereby assumed by the Devehper-
The Derreloper hereby qreee b indernrrifv and hold ftarmless the Town ard arty sf 'lts
offcers, agents and enrpla'yeee against any bsBe€, daims, damagffi, or liabilites b sltthfi ille
Torrn or any of ils officers, agenb or ernplolcee may become *ubject b, inesfaf as any sudt
loss*, daims, damages or liabiEffes (or ac,tions in resped thercof) &at arieg out of or ere based
upon any perforrnanoe by trre Devdoper hereuruler: ard &e Di#eloper shall reimburse tte Towl
for any and all legal oi other experces rcesorrably hrcrrned by the Tosn in cannedion uiFt
isvestigatng or &fendrng any sucfr [c$s. daim, damage, liabinty or action. Thls in&mnity
pmrdsion shall be in addition to any ottrer liabilitywhiclt the Deuelopu my ha\te-
5, lt is mutr'ridty agmed that the Devdqar tnay apply for and the Tom rnay
aulhorize a partiaf elesse of the security plolid€d b the Tsnrn fore*h ca@ory df imtrovefient
at sucfr time as such improv*rnents a't oons{ructed in compliance wih ell plant and
*pedficafions a! reigreoced trereunder and accepted by the Town. Under no cordilion shall the
dollar amosnt of tfre seordty provided b fhe Town be reduced belsw the doilaf amour* nec*sary
to compleG all uncompleted iffiprolrefi€nts referred tc in this Agreernent
F:\cde\rlFCtEtliElDtAlDlAdedtfrnnet_ll200aJoc PrAe2ds
0ct-l0$ llrilq trw.ll$l Otr Yilt ry$ilT fiEtmffif giltlft$e I{A 1.00{/U6 F-010
6. lllhe Tovm detennitH. 6t its Bole diE6'reliott fiel any of fte imrstsnea*s
refuned !p in tris A$Eement are n6t c{ltt$Frdd in compfiance rrifi tle appfs€d pffi *t}t
sp4ifi6ptfonsfiled intreofuof the CorununityXvdeprnerttlepartrr€r*of fieTwtdvEiltr
not aceepbd by the Tarrn as cornp$b $r or lefotg tt!6 ffi set ffir h ParagilEFhl d frb
A$eernefd, tteTomr rffiy, butstett nd ba requledb. dra*tLqpmthesecsity r€ftr€tl blo [i&
Agrgengrtffid Fftdeh &e rpeompteted lnpnruernEnb roferred to hil'*$igrearffL Ptrsuant
to Secibr t2-11{, Vall Torvn Code, the Tenrpomry CBrliFFeb of Omupaqp refetred b in tt*F
Agreernrs may be rerfiked until all imprueranb refrnd ts heleh are mrnphed by EE
Devefoper or the Tcnur in accordafiee with ftk Agreeltettt-
$ fte cncts o{ canrpte{ing the rnaornpbbd imprerrumnb refured tl in t& AgrF lEttl
excped thedskr E nErs{ef the seanrity prwfuled ta seTarn' lhe €DeEs' @Buterw*Et ittbres
et trnelw perEent (1216) per affuri, shdl be I lierr agaias ilra prryefy ard rny be colh*ned by
c-ivll suit o'r mqr be ertH b ale Fffisultsr €f EadE Cornff tl be cdledd ln lhe Eatr€ nErnel
a6 dellnqued ad rralorsn tar6 lavied ryainst srdr F operg, Fne Oewbper falls ar refrEes b
compteb the lmpmnrnerds rgferad b in tlris A8{sefiere sudl fa{lwa or reftsal shall bs
conEldercd a uf#fqr of Tide 12 (Zoniqg Hdeforu] d$eVsil Town Cd6, ardftt DeildsPsr
slell be subjea to perraltis pruranl b Ssclian 12-3=10 filioftat-ons Perlelhl ard Slepb l-a
tGen€rel Fanalty).Vaf Twn Code.
7 . the De€loper shall r,rrarrnty lhe rysr& and rnaterirds d all irprnvsns& refuretl
to irt thb Agreonrent tocated on Torrn pmperty orr*iUrln a Torn tQthG'of-twy, Fremtt b Chsnhr
8-3, d lfie Vail Toun Goda, for a period sf bie parv &t fte Tswrfe accE@lcg of safitl
improvernanfs-
8. ftIB portes hereb mutra[yagree Uat hb AgpaemBril mey bg efinrutttl tum tfng
btirna prwtded tratsudr a/nsldnefe be inrflrilhg snd eilEtrtbd rydpsestgeb-
Datdd t}le qand yearftstabonv{tfttsn
gilBHSSRffiSeMse
STATE OF FIORIDA
e0ffim@F:e*ff;F
COUNTY OF VOLUSIA
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) ss.
I
Effiffi'WtrtT*Yf,ffi
Witness rny hand and offcial s€al-
My commission effiBs, -l.cl,2Al ?.Dc 5
acltrroryl€da€d bffirg rne tibom," Cl Sto++-
suzililer. rilxleeAnm-
Mv coMMtsstoN # O0 065865
EXPIRES: oc{ober 30, 200560rd€dlhru oEry fublr undenfis.sF,lcdeytforuial'|AErAcredtFm.t-llruledac Hwlefs
L
0ct-10-ffi lt:ller frorlW 0F Yllt Cflnf,ltl ElELfrEtl
STATEOFCoLORADO )
)se.couNTYoFEAGLE )
lt\frhess rny hand and offidal seat-
My comrnissionB:(@
ThE lb{egdng Derdopar lmprtffernefi Agre€mcnt$s aclmqrh
-4t-W* or. h:.,v.r .nItLW €li rc,be&-
er0{ru1tt T-tfi P.$0t/E!6 FSo
Witnes myhand ard oftcial seat,
^lr
Mymmmirs'nn urywe: { 0 /?€/4os :
...$ryq?4#St ZAI'll'lE K INKLEBAH0EF
MY COMM|SSToN # DD 065865
EXPIRES: Oclober 30, 2m5
Boidod ntru Notary Public l.Jnd€i ritero
Fi\cdsviFclRi.lgiDtAlDlA?'€dttu!t4_r1&d* hg.4d5
a
Jo.ruSrrrrrr€ JU.Ze \o
Bank
SmKnE)mForcRd{m )
STATE OF FLORIDA )ss.t@rmrDfiEAfi8E )
COUNTY OF VOTUSIA
-lt|l$lt f €lltl rltit ltFr vqt||atly \rtrrrart .rr.tA Stock Company With Home'O{ficed in Bloomington, liinoh OECLARATTO;{S pAGE
1555 Prcmontory Gilde€^reeley, CO 8&3&,ft)0t
Namcd lnrurud R-r676.F632 F H
SCOTT. GEORGE C & CYIITHIA H3018 s PEttiltsurA DRsAYT0f.rA nEACH FL 32118-5912
l,,ll,,,Ll"Jl,',lll"L.ld,hh""lhJJrJlh,l'H.J
AIIEM)EO tlAF 991005
FolleyHumbef 86+l-436$5
l2Monthe ttFiff.-
The oolicv pedod baqins and en& at 12:01 am
standard lime at the fueidence prembes.
HOMEOWHERS POLICY
Auiomaffc fieneual - lf the pollcu psrlod b shoym as le tl|ontttg, thb policy nill be
this polcy b tenew€d eut{act b the
rubs and brme in elbd br each succeerf,rs po|iey pedod. ll terminded*rYa wi0 gitro lpu and the
lew,
LTMITS
written notice in comdiance r#lh the or a3
other itema ahown ars gtfiective
with the poficy's 2005 renswal
M
Covereges & Property
sEcTloN lA fuvellinu
Dwettini Extension uD loB FereonEl PrrooerlyC Lossofllse' -
sEcTtoN tr
Personal Liabilitv
{Each Occureni:e)
Damace io Prooedy
of OthErs
Medioal Pavmenb to
Olhers {Ea6h Percon}
Los$ $etuement Pr.ov:siqn (!l€a PolbvlAl Replacement Cost - Simiiar CnnetructbnBf Lifliited Replacement Cost - C;overage B
fn 6ase of h6$ qnder this poticy, lhe &dtm{bl6s w$ be applied
osr occulT€flce and will be deducmd frorn the amount of lftig
losr. Ofier deduclibtes rnay appty ' refet to policy.
tilfl.tlon Gcverage lndor: t88.8
tlcduc|ibler -Sectbn I
A[ Losses
Endorsemelrt PF.nrile
}NCREASE
DiscountB Applied:hlome Al6rt' '
Claim Feeord
Lhltsof Uabnh,
$ 440.000$ {4:000$ 330:000Actual Loss
Susta i ned
$ 1,000,000
Glter lbnltr 6nd srctugions tita!, aPply - refcr to your PolieT
$
$
500
5,000
615 - 15
Fonng, Odions, & Endoreements
Homeowners Polbv
Amandatorv Endoriernent
Saecisl Limits - MonevfJf
Pblicv Endorsemenl -
Funq-us {lncludho Mo[:l] Excl
Motdr Vdhicle En-tlorsedrentOrdinance/Law 10%B /+4.000
Increase DwlS Upto $- 88,600
Your poLay oons|3ts d thl3 Ht, 9rry .ndortrfi.ntt
and th. Folby fonn. PLas.I(eoP lbc8 togsfltat-
FP-?U'1.6C
r5€9 t St I
CSTERFORD IIIS AGENCY Erc
S70-gjl+6800
GEORGE C. SCOTT
3018 SO PENINSULA DRIVE
DAYTONA BEACH SHORES, FL 321 18
t-386-7614884 PHONE
GCS:cs
enclosures
Verv trulv vours.-4*,;)ffiq-
' o.or*"6. *"oi-'
Consultiag Engineer
t-386-30+W2FeX
Octsber 20,2005
Elisabeth Eckel
Community Development Dep.
Tswn of Vail
75 South Frontage Road
Vail, CO 81657
DemElisabeth:
I arn enclosing herewith the new Inevocable Letter of Credit covering the work to
be done on the properfy located at 1l5l A/B Casolm Drive in Vail.
I have talked with the contractor and he has assured me the price to do ffte stucco'Trurt wilf be tfue same as the cssf of dle wodr akea{g €orf,lg*s$, tfocrdorc, the new
Letler ofCredit is the sanrc as the previous letter.
I am also enclosing the executed Developer Improvement Agreement and a copy
of the current homeowners insurance policy.
I am faxing a copy of these documents this date and mailing the originals this dare
also.
I sincerely appreciate the actions of the Town of Vail and your services.
nshine State copY
October 29,2005
George C. Scott
Town of Vail
Department of Community Development
$1i,87.5.00
October 29,2006
IRREVOCABLE LETTER OF CREDIT NO. 2OO4-O I 3R
Effective:
Applicant:
Beneficiary:
Lettel oi Ctedit Air,our,i:
Expiration Date:
This is to advise that Sunshine State Community Bank, Port Orange, Fiorida is
irrevocably held and firm1y bound unto the beneficiary, Town of Vail, Department of
community Developrnen! vajl colorado, in the sum of ELEVEN THOUSAND EIGHT
HLTNDRED SEVENTY FIVE AND 00/100 ($11,875.00) to ensure the completion of
stucco application at 1 1 15 Casolar Drive, Unit B, Vail Colorado during the one ( I ) year
period from the date of this letter.
11 the event the Department of Cormunity Development, Vail Colorado determines
during the one (1) year period that the developer, George C. Scott, has not completed the
stucco application relate.d to this letter ofcredit despite notification to the developer, then,
and in that event, the authorized agent, is authorize to draw partially or fully fronr
Snnshine State Community Bank, Attention: Dennis E. Brinn, President/CEo, 4771
Clyde Morris Blvd. Port Orange, Florida 32129 a sum not to exceed $11'875.00.
.A.ll drafts drawn under this letter of credit mrrsl contain the foilowing stats(rent: "Dra$'tr
under h-revocabte Letter of Credit No. 2004-tt I 3R dated October 29,2005 ."
This tetter of credit replaces Letter of CreditNo. 2004-013 dated October 29^2404.
Unless otherwise expressly stated, this letter is subject to the International Chamber of
Commerce. Uniform Customs and Practice for Commercial Documentary Credits: 1993
Dennis E. Brinn
PresidentiCEO
4777 Cllde Morio Boulevard
(386) 7564600 .
. Dort Oran6e, llorida 32129
lax(386) 7564650
r r sfl- lu![l lrf Vltll r,VltrU l UEtELUTUtn I vI94tlar+34 t-d[J r. uutrtr t4 r-Ign
IRREVOCABLE L QFCREDIT
:Addr6ss:
Developer
Project Number;
lmpuvement Gomplelion
Letter of Qredit Expiraffon Dele;
20 o{
Town of
WHEREA$, the , as a condition pf appruval af the Temporary Certificate ofQceupanryfor \\t r- C0 8165
{address. Iegal ds$Efipton, and proiect numnerl wi tAgreernent; and
WHEREAS, the Developer i5 ohligated to pmvide secufity or cottaterEt sufficient in thejudgement of lhe Town to make reasonable provislone for comptetion of certain improvements *etfodh in the attached estimated bid(s) in accordance with the'approved plans snd specificationefiled in the office of the community Development Departnent of the Town sivait; and'
WHEREAS, the Devefoper wishes to provide secunty trr guaradee performance of this
fUrge.ry1t, including campletion of all improvements releneO tr ii fris Agreement, by means ofthe following:
The Dpvelopqr agrees io establish an irTevocable lelter of credit # 2oc{-o r3in the amountof$ ltFP- . -- .-...,-with Surxrs*,rre Stte Co.**.ilFiJrNK. _(name df bank *@) as the s€curity for the completion of all
improvements refuned b in this AgreemenL in the event tliere ie a default under this
Agreement by lhe Developer-
NOw THEREFORE, in eonsideralion of the hllowing mutual covenants and agreemenls,
the Developer snd theTown agree aefollows:
1- The Developer,agrses, at its sole cost and orpense, to furnish all equipment andmaterials neoa$ary to perfonrn and cornplete nll impruvements referred to in this Agreement, TheDeveloper agrees io comptdG all improvements referred !o in this Agreernent on or before the}a:* dayof Srpre.,.esri- ,Eg!S The Danetoper shalf complete, in a good
wgrkmanlike msnfier, all impruvernents refened to in this Agreement, in acsordance with all
apprcv_ed plans and specifications filed in the oflice of the Commsnfty Development Oepartfient
of the Town of Vail, and to ds all work incidental hereto aecording to and in cilmplianea wilh thefollowing:
F:\dev\FORM$St4\Dl,\ crctfit format-l 1Ef,Og.dac Fe&e 1 ol 5
I
I
urit-au-u{ tsriri r rrofi-luni uf l,nll wtmutt I tr gEtllutlf!il I $ttt+tulrl i T-ts83 P. UU4/ut4 F-rg5
Inevoceble letlsr sf predil #jr:g!L_gl3in {he amount of S
125% of thetobl costs of the attached estimated bid(s))with E*,$;,frE-r4-,6
expire on the
{name of bank @) set to
F:lrddvlFoRMstotAtDtA +.edit fufln8t_11?09?do€ Fage ? of 5
a- All seid evodl shatl be drne und+r the inspa{*iqn sf, and to the satigfactisnpf' the Town Planner. the Town Engineer, the Tor,vn Euilding Official, or &:he;official from the Tswn of Vail, as affucfted by special districts orielice distriets, astheir respeetive interest may appear, and shall not be deefted completa rintilapproved and accepted as eompleted by the community DevElopmsntDepartment and Public lAlork* Department sf the Town of Vail-
2. Tc secure and guarantee perfonnanoe of the obtigations es set forlh herein, theDeveloper agrcee to provlde seeurity as follsws:
expire on the Lq\ day of Oqroaerr- . _, ?0oS. tnot to explie lessthan so days after the date set fodh in Faragraph 1 of this Agreement) as the
security for tha*ompletiorr of sll improvements refined to in this Agreern*nt, in tt*event lhere i! e default under lhis Agreement by tfte Developer.
3. The Developer may at any time substitute the security originally set forth absve foranolher form ot security or callateral acceptable lo the Town to guaiantEe *ri famrru completionof those irnprovernents refend to in thfs Agreement and the p-erbrmance of the terme 'of this
Agreement. Suoh aeceptance hy tfre Tnwn of alternatfue security or cflllatefal shall he at the
Town's sole discretion-
4. The Town shall not, nor shall any offieer or employee thereel be liabfe or
responsible fol any accident, loss or damage happening or occuning to the work specified in thisAgreement prior to the co-rnpletion- and acceptance pf the same, nor shall the Town, nor anyofficer or employee thereof. be llable for any Fersons or property tnjured by reason of the natr.rraof said rrrmrk, but ell of seid liabilities shall and arc hereby asiumig lly the tievelaper.
Tne Dlveloper hereby agrees io ind€mnify and hold harmless the Town, and any of itsgfficere, egents and ernptoyees against any losses, claims, damages, pr liabilities to whic!: theTswn pr any of its officers, assnts or'employ,ees rnay becorne suble* to, insofrr a$ any suctr
losses. c{aims, damages or liabilities {or actions in respeet thereoD that arise sut cf sr are based
uFon any performance by the Developer hereunde[ and the Deveioper shatl reimburse flre Tcyarnfur any and all legal or other expense* teassnably incuned by th'e Town in eenneciion witlinvestigating or defending any such Joss, cleim, damage, liabili$ pr action. This indemnityprovision shall be in addition to any other liability whieh the Developer my have,
5. lt is rnufually agrced that the Developcr may appty for and tha Town mayauthonie 3 Fartial releqse of the sEcsri$ provided to the tovtrn for each cat€gory of improvemantat such time as such improvernents are constructed in cumptiance with all plans and
specifications as referenced hereunder and eccepted by the Town- 'Under no condifian shall the
dollar amount of the security provided to the Town be reduced below the dollar amount necessarv
to 6offplet6 alt uncampHed improvements referred to in thir Agrra€ment.
L____
I'
ry!+t.{I rtu!t-tu{[ 9a yntL 99tttt9|I t I f vEtElut-aEttl
FtoerpA
STATE OF OCtfrFE4DO
COUNTY O
Wihess my hand and offrcial seat-
My commission Hpires
ffilltru:fffiH***":ni:"-€:e{etopmett'iu
sl u4t tg+gc r-rEt r. uu0/utq t- fs9
6. lf the Town determinsg, at its sole diserefinn, that any of the impmvemenls
refeqgd to in this Agreement are nut construcied in compllance with the approved plans and
speciflcations filed in lhe ofice of the Comrnunily Developrnent Department of the Town of Vail ornot accepted by the Tov*n as complete on or before the dste set forth in Paragraphl of this
Agreement, the Town ma5 hut shatl not be required to, draw upan the $eftrity refened to in this
Agreernent and complete the uncompleted improvements rcfened to in this Agreemenl Pursuantto $ection 12-11-8, Vail Town Gpde, the Ternporary Certifimte of Occupancy refened to in this
Agreement may be revoked until all imprwements referred to hercin arc eompleted by theDeveloper or the Tom in actordance with this Agrwment.
lf the cq€is of completing the uncompleted imprwements referrud to in thie Agreement
exceed the dqllar amount of the securi\r provided ts fte Tqwn. the e:ccees. logether with lnErust
at twelve percent (12%) per annum, ahall be a lien against the property and may be collected by
civil suit or may be mrtified to the treasurer of EaEte County to be colles{ed in the same manner
as delinquent ad valorem iaxes levied against $uch property. tf lhe Developer fuils or rcfuses to
complete the improvements r€fened to in this Agreeftent, such failure or refussl shall ba
considered a violation of Tifle 1l {Zoning Regulations}, of lhe Vail Town Cede, and the Developer
shall be slbiect ta penalties pursuant to Seotidn t2-$10 {Violations: Penalties} and Chapter i4(General Penalty), VailTown Code-
7. The Develqper shall warnanty the work and materials of all impnavements refenedto in this Agreement located on_Town property or within a Town dghLof-raray, pursuant to Chapter
E-3, of the Vail Town Code, for a perisd of trivo years after the Town's aceephnge of ;aid
improvements.
I' The parties hereto mufually agr€e thatlhi$ Agreementmay be amended frsm lime
to time, provided that $uch amendmenls be in writing and executed by all parties hereh.
Dated tha day and year firet above written_
I
) ss.
\UoqrrgrAftffiEE
--{)c q td-ffi-
PATTYTEAGUE
MY CoMMISSION # DD 18624s
EXPIBES: May 17,2007
8o0d.i lhru l,ldary tublic Unde&rit€rs
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r For970-3884701
PROFOSAL
February 23. tO04
Propo*al $ulmFted To:
GsDrge Ec6tt
Phone; *7S-1O4SFax; 38F.AM-g222
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Work te be perforrned a* 1 1 51 C€sotar Del.Strrra Brlve
Oeet George:
We hereby propoeg ro furnish the materialt arrd porform ths lahor nsca5tsty for rhe cornpletion ofl
Application of ons inch, twenty gauge fluaco nefting over dEuble blaek paper. Appliogdon oi ffber-reis#orced
plaster ba€B 6ost u'ith el€gtofisrle synthstic finish coHt,
, se5oo.oo
All mrtadEl k gseraBtsEC t9 bt os, stea|fiEg, sqd fhg pbUW work lo be pertcrmed in {Cc$tdrnce shh the abAr,'inE rnd rgocili*atirne subntitred
lot abov& rvo* and ccmpl*sd It Eub€tanFhl n€rkrl'tsallkt mBrner. P$trxlfiB ro be tfildA a6 fofioiAr3; 4SS duE bpen Foraphrhn s, larh. 8{lg6
dus ryon oompletbn cf $scqo.
AISY ALTEnATIFil OF DFUIATTOII FROiN ?}& TBOVE *FEC|HCITIOTIIE ilrlut-v|t,Ifi EffHJt gqgTE. WnI BE EXEHJTED ONLY UFOIII
III'flTTEI{ OiOESS" AilD WILL BEEOME ATU ErINI CHJEFE OUFN TND AFOI'E THE ESNMATE, IF FATIIfiEIIIT tg rOT M*OE WI4A DUE, OF
SU]|r I8 BROU6I{7. TI{E CO!|IRIICTORfOU' EN 'GB€S TO PAY ST€BE5T AT E$ PH MqNTH FUJS NEASOT{AFIs COSTS SFggllEsTloil, lil€tuElNG aTToFSFY'5 FEE$. ALL AffiFaBTE c$m SstT UPO$ sTHr(E5. AGCTDSITS qR bg.Agg BE'rO O OUR
SDSTB{TL. OI'I'ISEH TO GABFY FIRE. TOEIIAtrO AHD dTHEN FECESSAHY IIISUBAflEE UFtttr AEOT'E r|t'Cfi*. WOiKl[:nI's COIiJIFESSATIOI{
AltD P{IBUC Lt $rJfV Ss{tHAllCE Sil AETOVE Wffi TB FE TAtEI OUt Ey STUCEE ur6FGE. tr|e
neapggHdttv Suprnined.fftq^.\t^*-
Kevin Scrlver
NoiE - we may withdratrr dtl* proposal if flst ebcspted trnithiil &0 rtays.
ASGEPIAIICF 6F FBOFOSAL
The above Fnc+*, ep*iflcatlons and condhions arE sadsfactorF and herrby €ccepted. Ypu Efg Huthode€d ro do thews* ac specified, Faymenr will be firsdr as outlinsd sboye,
SigrEtuf€
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unshine State
COPY
IRREVOCABLE LETTER OF CREDIT NO. 2OO4-013
This is to advise that sunshine state community Bank, Port orange, Florida is
irrevocably held and firmly bound unto the beneficiary, Town of Vail, Department of
communiiy Development, Vail colorado, in the sum of ELEVEN THOUSAND EIGHT
HIINDRED SEVENTY FWE AND 00/100 ($11,875.00) to ensure the completion of
stucco application at 1115 Casolar Drive, Unit B, Vail Colorado during the one (1) year
period from the date of this letter.
In the event the Department of Community Development' Vail Colorado determines
during the one (1) year period that the developer, George C. Scott, has not completed the
stucco application related to this letter ofcredit despite notification to the developer, then,
and in ihat event, the authorized agent, is authorize to draw partially or fully from
Sunslrine State Community Bank, Attention: Dennis E. Brinn, PresidenVCEO, 4777
clyde Monis Blvd. Port orange, Florida 32129 asum not to exceed $11,875.00.
A11 drafts drawn under this letter of credit must contain the following statement: "Drawn
under Irrevocable Letter of Credit No. 2004-013 dated October 29,2004'"
Unless otherwise expressly stated, this letter is subject to the International Chamber of
Commerce, Uniform Customs and Practice for Commercial Documentary Credits: 1993
revision-Intemational Chamber of Commerce Publication No. 500'
Effective:
Applicant:
Beneficiary:
Letter of Credit Arnount:
Expiration Date:
October 29,2004
George C. Scott
Town of Vail
Department of Communify Development
$11,875.00
October 29,2005
c\n'l \ /^'. 1lt'\ \ I It\)\\t a+---r-,-(-- I J-\
Dennis E. Brirur
President/CEO
4Wl Clyde Monis Doulevard . Dort Oraqge, florida 321?9
(3S6) bG46oO. fax (386) Mrc
9r r- aa-g+ t v r tgallt rrslr-r\|,'ln ga YattL t.vmtlgllt I I rrE rE tt,l.trEn l 9(Uq(tt4sI l-r?5 P.Uaatgl4 f-, U!
TUI{![0Fllflt
D eparwwnt of Carnfl$ftttry frwelopmerrt
75 Sauth Frontage Road
WI, Colornda 81657
979-47e-2,138
Ftx970479-2452
offi,',Yilgtdt*^
Mr. Geoqe Saoti
4fi8 South Feninsula Drive
Dqytans Eeach Shores. FL $tl16
Re: 11154/B Casolar Dfveir'ail, CO 8{55/
LoiA-7, Elffik ACaeqlar Va[
DR8040551
Dear Mr, ScotL
Thank you {or your application tor dEs'rgn review ot a tropotrd su.rcc-6 apph'ffition to &te exbrfu of }orrr re8ldenee. Per our
celwer$ation' Totvn of Vail polic? requires tirar both unitrn be improved witlr fie sarne matEriel$ at the Ferne lifie. HouJeyer!
thE Town of vait ts ofien'ng jfou the qF$0{1 ts enter into a Oeveloprnenl lrfiprovement Agreerfl€nt (hBrrd) whicfi lrouH ensure
that the work is compteled within a yEar Ff the b{rnd isluancs. Therei}fe. I afi enelosing copiee of ttio (2} gBvetoFer
lmpt$rErfient AgreemenE that would allout you ro proceed wlth th€ Btu$sr6 applicatisr En yeur unit grd linislr OIE stuoDo
gpplicEtion of fie B unft n€,rt spring.
One o.l the EgreEment$ is entitled an 'lnevocable Letbr of CrEdit Foftnat". lt rhis is ths wsy you prefer to pay lor the bond,plerse re m he form comptete wilh your sagnatj{e {wlbressed by a natary) dnd the tett€r of ffedil issue{t by rhe bank, lf
you choose to pay in a cssh forffrat, please tll sut the lofm eilluert 'Cash Deposit ForfiAf and re[.rm it with your signatrre
{6gsjn, wlb1ss€ed b,y q, notary) and a per€ona} cfreok As fia agraemen$ staF. ihe bond amfrrrnt must be equivalent to
145% ot the construction bid for Unft E, TlIat emount may be eifier $9,1e5 {1257c pf $65S0, whictr Sruccoworks quot€d to
ftre this moming) sr $1{,875 (125% of l[9500, whrch you quoted ro me yeslontay}. Fless€ clsrtty the amount rdth
Stuccowo.ks ior Unit B afid $ubmn payment accoldirrEV. As you l€now' if Unh B E sold b€tv€€n nsw snd lfie expir€|tiafl 0f
the bor)q or if any othsr obstagle atises that prevenll$ tftg pomFletion of the apps$ih unit, ypur F€yrnent will not be retunded
snd me wor* will be finished by the lown sf Vsil st thg tirne of h6nd cwirdiorl onF tear hrm ns igqrence,
Unhrtunately, we are unable h ac$ept cspiss 0r fatgE q1 sidl*, bond egrFemerlE TherElsle, all woIk wilt havE b ,€miin
on hold unfl we receive ofiginal copies cf fte nmeeeary forms and Fayou have any futher
copies af fte n8cEseary torms and FaynrBfll rnefiod. Please feBl free tt CgiiAct rne shoukf
or soncerns. F$$enn0.e, fiank you tor wOrklng with the Town on this issu€, heldflg rjs tO
maintain lhe oi residential dFvElopfiEntwhicfr we ajf \ralue-
Eckel
s70,479-2454
enclosureJr: DIA-CashEepffsitFormat
BIA - lffevoedbte Leter ot Cfpdh Format
$tuocoworks birl dated 10129/04
h€t
dlo"o*'o**"
Deparlment of Community Ddvelopment
75 South Frontage Road
I/ail, Colorado 81657
970-479-2138
FAX 970-479-2452
www.vailgov.com
.November 1,2004
Mr. George Scott
3018 South Peninsula Drive
Daytona Beach Shores, FL 32118
Re: 1115A/BCasolarDrive/Vail,CO 81657
tot fr7, gtock Z/Casolar Vail
DR8040531
Dear Mr. Scott,
Thank you for submitting original copies of the Developer Improvement Agreement which we discussed in
detail last week. I have enclosed a copy ol the completed agreement for your records. Furthermore, I have
enclosed the copy of the design review approval form which will permit your contractor to continue with
construction. Again, thank you for cooperating with the Town on this issue and please don't hesitate to
conlact me shoulQ you have any remaining queslions or concerns. Best wishes lor a fantastic season!
ll /)| *'/ ,. /'
{,r'n(
Elisabeth Eckel
97A.479.2454
enclosures: Developer lmprovement Agreement Letter of Credit Format - copy
Stuccoworks bid dated t0t2Sl14
Sunshine State revocable letter oi credit
DR8040531 approval form
Cc: Dennis Brinn, Sunshine State Community 8ank1386.756.4650 (fax)
Kevin Scriver, StuccoWorks/970.328.6701 (tax)
{tp *u"""."o "r""n
October 4, 2006
Mr. George Scott
3018 South Peninsula Drive
Daytona Beach Shores, FL 321 18
Re: 1 115 A,/B Casolar DriveA/ail, CO 81657
Lot A-7, Block ?Casolar Vail
Dear Mr. Scott.
Our records indicate that a Oevelopment lmprovement Agreement in the form of an $1 1,875 Letter of Credit
was issued for the remainder of the scope of exterior work at the referenced address on October 5, 2005. As
of tomoffow, the Letter of Credit will have expired. The Town would like to ensure that the scbpe of work has
been completed and would like to be able to close the Letter of Credit and refund the money to you as soon
as possible. Please call me at your earliest convenience to inform me of the status of the stucco work on the
opposite side of the duplex.
Thank you for your continued attention to this matter. Please don't hesitate to conlact me with any remaining
questions or concerns.
Best Regards,
Elisabeth Eckel Reed, Planner
Town of Vail
970.479.2454
TOMIOFIrl{IT
Department of Community Dnelopment
75 South Fronuge Road
Vail, Colorada 81657
970-479-2r38
FAX 970-479-2452
wtlw.uailgou.com
January 27,2009
Mr. Dennis E. Brinn, PresidenUCEO
Sunshine State Community Bank
4777 Clyde Morris Blvd.
Port Orange, FL 32129
Re: Letter of Credit Number 2004-013R and 2004-013
George C. Scott
Dear Mr. Brinn,
The above mentioned letters of credit have been released as the project has been
completed. Please find the original letters enclosed. lf you have any questions please
call Warren Campbell, Chief of Planning, for the Town of Vail at 970-479-2148.
Sincerely,
/ /\,&Qqtu-\:s+z^-<--*-tf
Lynne Campbell
Office Manager
Enclosures
{E un"r* r*n