2014-04-07_GENERAL DOCUMENTS - M2008080

• Permit No: M2008080
• IBM Index Class Name: GENERAL DOCUMENTS
• Doc Date: 4/7/2014
• Doc Name: Weld County Special Use Permit
• From: Journey Ventures
• To: DRMS
• Email Name: PSH
• Media Type: D
• Archive: No

Replacement collateral shall be submitted by Property Owner within sixty
(60) days of the Board's notice to Property Owner that the rating has
fallen and that the collateral must be replaced. Property Owner may not
terminate existing collateral until replacement of collateral has been
secured.
8.0 Request for Release of Collateral: Collateral shall be released in accordance with
the provisions of Weld County Code Section 2- 3 -30.C. Prior to release of collateral for the
entire project or for a portion of the project by Weld County, the Property Owner must present a
Statement of Substantial Compliance from an Engineer registered in the State of Colorado
(hereafter "Engineer "), that the project or a portion of the project has been completed in
substantial compliance with approved plans and specifications documenting the following:
8.1 The Property Owner's Engineer or his representative has made regular
on -site inspections during the course of construction and the construction
plans utilized are the same as those accepted by Weld County.
8.2 For the improvements to public rights -of -way or easements, test results
must be submitted for all phases of this project as per Colorado
Department of Transportation (CDOT) Schedule for minimum materials
sampling, testing and inspections found in CDOT Materials Manual.
8.3 "As- built" plans shall be submitted at the time the letter requesting release
of collateral is submitted. The Property Owner's Engineer shall certify
that the project "as- built" is in substantial compliance with the plans and
specifications as approved, or that any material deviations have received
prior written acceptance from the County Engineer.
8.4 The Statements of Substantial Compliance must be accompanied, if
appropriate, by a letter of acceptance of maintenance and responsibility by
the appropriate utility company, special district or town for any utilities.
8.5 Following the submittal of the Statement of Substantial Compliance and
written recommendation of acceptance of the improvements by the Weld
County Department of Planning Services and the Weld County
Department of Public Works, the Property Owner (if Property Owner has
supplied any or all of the collateral) may request release of the collateral
for the project or portion of the project by the Board. This action will be
taken at a regularly scheduled public meeting of the Board.
8.6 For all off -site and on -site improvements (including improvements to
public rights -of -way or easements), the request for release of "Project
Collateral" shall be accompanied by "Warranty Collateral" in the amount
of fifteen percent (15 %) of the value of the improvements as shown in this
Agreement. However, collateral for improvements fully accepted for
maintenance by a responsible governmental entity, special district or
utility company will be fully refunded to Property Owner.
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3791261 09/09/2011 11:42A Weld County, CO
12 of 17 R 0.00 D 0.00 Steve Moreno Clerk & Recorder