HomeMy WebLinkAboutFinancial Security Letter.423 N Second StSAMPLE LETTER TO ACCOMPANY PERSONAL CHECK PROVIDED AS FINANCIAL
SECURITY FOR A HISTORIC PRESERVATION PROJECT
Date:
To: Attn: Historic Preservation Officer
City of Aspen
130 S. Galena St.
Aspen, CO 81611
Check Amount: t30.000 ° c:�
Bank:
Check Number:
Property Owner: SMvne,,r L z-c
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Subject Property Street Address: ua3 N. 02S1-.
Aspen, CO 81611
Subject Property Legal Address:
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The City of Aspen, as a condition of certain land use approvals relating to the above
referenced property, has required that the undersigned Owner of the above referenced property
provide financial seWrity to guarantee the performance of the following:
A copy of the relevant approvals is appended hereto as Exhibit "A" and by this referenced
incorporated herein.
The undersigned Owner of the above referenced property hereby provides a personal check made
payable to the City of Aspen as, and for, the financial security required by said land use
approvals. The undersigned Owner understands that the personal check will not be finally
accepted as security until the check has cleared, usually not more than three business days
following deposit by the City of the personal check into its account.
The City of Aspen will deposit the personal check in a non -interest bearing account of the City
of Aspen. The City of Aspen may make withdrawals from said deposit at any time in its sole
discretion upon notification by the City's Community Development Director to the City's
Finance Director and to Owner that Owner has failed to perform one or more conditions of the
land use approvals of the City of Aspen Historical Preservation Commission.
Within thirty (30) days of the acceptance of the work to be performed by Owner in accordance
with the above referenced land use approvals, the balance of Owner's deposit, if any, shall be
returned to Owner; provided, however, that the Owner's balance is not the subject of litigation.
Owner' signature: