HomeMy WebLinkAbout7331RESOLUTION NO. 7331
A RESOLUTION APPROVING AN AMENDMENT TO THE ESCROW
AGREEMENT BETWEEN THE CITY OF PUEBLO AND COLORADO
STATE EMPLOYEES' CREDIT UNION, CONCERNING PUBLIC
IMPROVEMENTS IN THE GATEWAY SUBDIVISION, SECOND
FILING
BE IT RESOLVED BY THE CITY COUNCIL OF PUEBLO, COLORADO, that:
SECTION 1.
An amendment to the Escrow Agreement dated November 1, 1993, and
attached hereto, by and between the City of Pueblo, a Municipal Corporation,
and the Colorado State Employees' Credit Union, the original of which was
executed on November 1, 1990, having been approved as to form by the City
Attorney, is hereby approved.
CFrTTONI 9
The President of the Council is hereby authorized and directed to
execute said Amendment to the Escrow Agreement for and on behalf of the City,
and the City Clerk is hereby directed to attest the same and affix the seal
of the City thereto.
UrTMN 2
After due execution and acknowledgement of this Amendment to the
Escrow Agreement, the City Clerk is directed to record said Amendment in the
office of the Pueblo County Clerk and Recorder.
INTRODUCED March 28, 1994
By SAMUEL CORSENT NO
Council erson
APPROV ._—
ATTEST: resident Kf the Council
City Clef
Reception #: 1041448 Date: 04/18/1994 Time: 1126 Book: 2726 Page: 640 Chris C. Munoz
Inst.: AGREE Rec Fee: 10.00 Doc Fee: 0.00 Page: 1 of 2 Pueblo Co.Clk. &Rec.
AMENDMENT TO ESCROW AGREEMENT
This agreement is to amend the escrow agreement made on
November 1, 1990, between the City of Pueblo, a Municipal
Corporation (City), Colorado State Employees Credit Union
(Subdivider) and Bank One Pueblo, formerly known as First Colorado
Bank of Pueblo (Escrow Agent).
Paragraph 7 of the parties' agreement of November 1, 1990, is
amended to read as follows:
7. In the event Subdivider fails to install all or any part
of the required public improvements described in Exhibit "B" by
Nov ember 1, 19 94, E:7 Ag ent. jl11111 up or. L1Cll[Clll lt l..11C C ity ' s
Director of Public Works pay the balance remaining in the escrow
account to the City and the City may use the amount so paid to
complete all or any part of such public improvements.
Dated on November 1, 1993.
Bpi
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SUBDIVIDER
Colorado gtate Employees Credit Union
Subscribed and sworn to before me on 1993.
My commission expires: 'A t � 1 ��\�\
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CITY OF PUEBLO
Book: 2726 Page: 641 Chris C. Munoz
Page: 2 of 2 Pueblo Co.Clk. &Rec.
ESCROW AGENT
By: Oj-�-� 'a �,
all C- President
Subscribed and sworn to before me on
My'.. ission expires:
t
1991.