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Town Council Resolution 20 1983000K440 Mr. 2 19, ' ' TOWN OF SNOWMASS VILLAGE TOWN COUNCIL RESOLUTION NO. 20 SERIES OF 1983 LORETTA BANNER PITKIN CTY. RECORDER A RESOLUTION AUTHORIZING A RELEASE OF MORTGAGE GIVEN TO SECURE PERFORMANCE OF OBLIGATIONS CONTAINED IN A SUBDIVISION IMPROVEMENT AGREEMENT FOR A CERTAIN PARCEL IN THE WOODRUN UNIT FIVE SUBDIVISION. WHEREAS, the Snowmass Company, Ltd. has secured its performance pursuant to a certain Subdivision Improvement Agreement for Parcel 2, Woodrun Unit Five Subdivision; and WHEREAS, the improvements required for Parcel 2 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; 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 2 of the Wood run 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 Jefferson Titt, Mayor ATTEST „ -, Susan S. Hansen, Town Clerk 220 000K440 PA U. RELEASE OF MORTGAGE By that certain Guarantee Mortgage recorded April 20, 1982, in the office of the Clerk and Recorder of Pitkin County, Colorado in Book 425 at Page 416, 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 Two, 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., its successors and assigns forever, all the right, title and interest which it has by virtue of the above-described Guarantee Mortgage. Executed this 7th day of February 1983. TOWN OF SNOWMASS VILLAGE, a Colorado municipal corporation By: !! Jeffier on Tippett, Mayor ATTEST: 4J� 1 i ti 0 ,.., Susan Ransen, Town Cleft STATE OF COLORADO) SS. COUNTY OF PITKIN) 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. �, WITNESS my hand and official seal. ' (SEAL) v -,? 11 t o-> P, , Notary Publ c >' My Commission Expires: C1 My Address is: 57 ✓',Z� cr%� Q%�