The Weld County Board of Commissioners on Monday approved several planning‑related collateral and agreement items, including acceptance of a $2,030,807.50 performance bond for Raptor Materials LLC and a $125,000 letter of credit for a Wynne family planned unit development.
Jasmine Truro Martinez of Planning Services recommended the board accept project collateral for PUDF23‑2 (Wynne family) in the form of an irrevocable letter of credit for $125,000 issued by First Farm Bank. The board approved acceptance of that collateral.
The board also accepted performance bond number 2,224,292 issued by Liberty Mutual Insurance Company in the amount of $2,030,807.50 as collateral for AP25‑00045 (Raptor Materials LLC) and approved the related improvements and road maintenance agreement. Jasmine told the board the applicant understands the required improvements and that a scope of work was included in the meeting packet.
Separately, the board approved releasing existing collateral and accepting replacement collateral of $2,400 in the form of a performance bond issued by RLI Insurance Company for Circle B Land Company, LLC; approved termination of a road maintenance agreement for a private recreational facility (Erica Walden Trust) following revocation of a related zoning permit; and granted an extension to record a map related to USR25‑001 (Colorado Sand Company 2, LLC) with a new target date of Nov. 25, 2025. Planning Services indicated it supports the extension and that improvements and agreements are in progress.
Each item moved and passed by voice vote; the approvals allow Planning Services and Public Works to hold or replace required collateral while applicants complete required improvements.