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Town Council Resolution 71 1983453 947 TOWN OF SNOWMASS VILLAGEBOOK mii: TOWN COUNCIL RESOLUTION NO. 71 SERIES OF 198�-- A RESOLUTION AUTHORIZING A RELEASE OF MORTGAGE GIVEN TO SECURE PERFORMANCE OF OBLIGATIONS CONTAINED IN SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL ONE IN THE WOODRUN UNIT FIVE SUBDIVISION. WHEREAS, The Snowmass Company, Ltd. has secured its performance pursuant to a certain Subdivision Improve- ment Agreement for Parcel 1, Woodrun Unit Five Subdivision; WHEREAS, the improvements required for Parcel 1 have been completed; and WHEREAS, the Town Council has reviewed the reports of the Town Engineer relating to such improvements and desires to release the mortgage as set forth below; NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of Snowmass Village, Colorado: Section One. That the Release of Mortgage, attached hereto and made a part hereof as Exhibit A, affecting Parcel 1 of the Woodrun Unit Five Subdivision is hereby approved and the Mayor is authorized to execute same on behalf of the Town. INTRODUCED, READ AND ADOPTED BY THE Town Council of the Town of Snowmass Village, Colorado on the 19th day of September , 1983 by a vote of 6 to 0 Coup cilmember Desmond was absent. TOWN OF SNOWMASS VILLAGE, COLORADO ' Jefferson Tippett, Mayor 0i ATTEST: AC"2 ue� )®° 5 W Susan Garrison, Town Clerk -� -a RELEASE OF MORTGAGE By that certain Guarantee Mortgage recorded in the office of the Clerk and Recorder of Pitkin County, Colorado in Book 403 at Page 262 for the Subdivision Improvement Agreement (Phase II, Woodrun Unit Five Townhouse Condominia) recorded in Book 403 at Page 251 of said records and as amended by Amendment No. 1 to Guarantee Mortgage for the Woodrun Unit Five Subdivision Parcel 1 and Amendment No. 1 to Subdivision Improvement Agreement (Phase II, Woodrun Unit Five Townhouse Condominia) recorded in Book 440 at Page 225 of said records, The Snowmass Company, Ltd. mortgaged certain real property in Pitkin County, Colorado (as des- cribed in such Guarantee Mortgage) to the Town of Snowmass (, Village, to secure the performance of obligations as more (h� fully described in such Guarantee Mortgage affecting Parcel 1, Woodrun Unit Five Subdivision. The purpose of such Guarantee Mortgage having been satisfied, the Town of Snowmass Village hereby releases and forever quit claims to the owners of Parcel 1, Woodrun Unit Five Subdivision, from time to time, their successors and assigns forever, all of the right, title and interest which it has by virtue of the above-described Guarantee Mortgage. :3 i Executed this us •T C) 0 C1_FF.rATTEST: "J71i tf't't Susan Garrison, Town Clerk STATE OF COLORADO ) ) ss. COUNTY OF PITKIN ) 20th day of September 1 1983. TOWN OF SNOWMASS , a Colorado municipal corporation By:_ ' Jefferson Tippett, Mayor The foregoing instrumen was subscribed and sworn to before me this day of `, 1983 by Jefferson Tippett, as Mayor of't1fe Town of Snowmass Village. WITNESS my hand and official seal. r tary Pub is My commission expires My address is: cm (is L10 7 Cil< WITNESS my hand and official seal. r tary Pub is My commission expires My address is: cm b Cil< M3�- C) C1 rn ii,��CONSTRUCTORS SCHMUESER ACAUNW�L September 16, 1983 Mr. Dave Myler, Town Attorney Town of Snowmass Village P.O. Box 5010 Snowmass Village, Co 81615 Re: Release of guarantee Parcel 9, Woodrun V Subdivision Dear Dave: At the request of Mr. Michael Martineau, The Snowmass Company, I have inspected the above reference parcel. The improvements as called for in the subdividers agreement are essentially compete as of this date. Release of the guarantees for those approvements can be made at this time. Please contact me if you have any questions concerning the above refer- enced information. Sincerely, gYse Gordon r & Associates SCHMUESER & ASSOCIATES, INC. 134 WEST MAIN STREET, SUITE 204 ® VERNAL, UTAH 84078 ® (801) 789-8333 scHMUESER `i1GINEERS & CONSTRUCTORS September 16, 1983 David Myler, Town Attorney Town of Snowmass Village P.O. Box 5010 Snowmass Village, Co. 81615 Re: Release of guarantee Parcel 1. Woodrun V Subdivision Dear Dave: At the request of Mr. Michael Martineau, The Snowmass Company, I have inspected the above reference parcel. The improvements as called for in the subdividers agreement are essentially complete as of this date. Release of the guarantees for those approvements can be made at this time. Please contact me if you have any questions concerning the above refer- enced information. Sincerely, 6911 - don Sc 44Gor r & Associates SCHMUESER & ASSOCIATES, INC. 134 WEST MAIN STREET, SUITE 204 • VERNAL, UTAH 84078 9 (801) 789-8333