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Town Council Resolution 19 1983TOWN OF SNOWMASS VILLAGE TOWN COUNCIL RESOLUTION NO. 19 SERIES OF 1983 440 PAGE 217 9 42. f LO RET" INNER PITKI N Cl``?, RECORDER FEo 9 2 is PM 183 A RESOLUTION AUTHORIZING A RELEASE OF MORTGAGE GIVEN TO SECURE PERFORMANCE OF. -OBLIGATIONS CONTAINED IN SUBDIVISION IMPROVEMENT AGREEMENTS FOR CERTAIN PARCELS IN THE WOODRUN UNIT FIVE SUBDIVISION. WHEREAS,the Snowmass Company, Ltd. has secured its performance pursuant to certain Subdivision Improvement Agreements for Parcel 2, Lot 1 and Parcel 11, Woodrun Unit Five Subdivision; and WHEREAS, the improvements required for Parcel 2, Lot 1 and Parcel 11 have been completed; and WHEREAS, the Town Council has reviewed the reports of the Town Engineer relating to such improvements and desires to release or reduce 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 2, Lot 1, and Parcel 11 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 7th day of February , 1983 by a vote of 7 to 0 TOWN OF SNOWMASS VILLAGE, COLORADO Jefferson Tippett, Mayor c, AT Edi: .' Susan S. Hansen, Town Clerk RELEASE OF MORTGAGE By that certain Guarantee Mortgage recorded August 5, 1980, in the office of the Clerk and Recorder of Pitkin County, Colorado in Book 392 at Page 729, as amended by Amendment No. 1 to Guarantee Mortgage for the Woodrun Unit Five Subdivision and Amendment No. 1 to the Subdivision Improvement Agreement (Woodrun Unit Five Lots) recorded October 24, 1980, in the office of the Clerk and Recorder of Pitkin County, Colorado in Book 397 at Page 788, 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 Mortage 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 been virtue of the above-described Guarantee Mortgage. Executed this 7th `,1 l ATTEST-: Susan S. ansen, Town Clerk STATE OF COLORADO ) day of February , 1983 TOWN OF SNOWMASS VILLAGE, a Colorado municipal corporation By: Jeff rson T-ippett, Mayor 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) <, !