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Town Council Resolution 21 1983BoOK 440 PAGE 221 2478'2 TOWN OF SNOWMASS VILLAGE LORFTTA. BANNER PITKIN CTS°. RECORDER TOWN COUNCIL RESOLUTION NO. 21 Q SERIES OF 1983 o 2.161 g� '83 A RESOLUTION AUTHORIZING A RELEASE OF MORTGAGE GIVEN TO SECURE PERFORMANCE OF OBLIGATIONS CONTAINED IN A SUBDIVISION IMPROVEMENT AGREEMENT FOR PARCEL 3 IN THE WOODRUN UNIT FIVE SUBDIVISION. WHEREAS, the Snowmass Company, Ltd. has secured its performance pursuant to a Subdivision Improvement Agreement for the Woodrun Unit Five Subdivision, Parcel 3; and WHEREAS, the improvements required for Parcel 3 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 more specifically 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 3, 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 7th day of February 1983 by a vote of 7 to 0 TOWN OF SNOWMASS VILLAGE, COLORADO r Jeffer n Tippett, Mayor �,.'. ATTEST: Susan S. Hansen, own Clerk soon 440 PAU222 RELEASE OF MORTGAGE By that certain Guarantee Mortgage recorded November 17, 1980, in the office of the Clerk and Recorder of Pitkin County, Colorado in Book 399 at Page 869, The Snowmass Company, Ltd. mortgaged certain real property in Pitkin County, Colorado (as described in such Guarantee Mortgage) to the Town of Snowmass Village, to secure the performance of obligations as more fully described in such Guarantee Mortgage affecting Parcel 3, 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 Snowmass Company, Ltd., all the right, title and interest which it has by virtue of the above-described Guarantee Mortgage. Executed this 7th day of February ' s' 4'A`lTES` -: Susan S. Hansen, Town Clerk STATE OF COLORADO SS. COUNTY OF PITKIN , 1983. TOWN OF SNOWMASS VILLAGE, a Colorado municipal corporation By: Jefferson Ti pelt, Mayor The foregoing instrument was subscribed and sworn to before me this 7th day of February , 1983 by Jefferson Tippett, as Mayor of the Town of Snowmass Village. (SEAL) c�nft— ',��j�ri{ Notary Public My Commission expires: My Address i s :� c �,�f &-