Loading...
HomeMy WebLinkAboutPM 2005-13 - Cashier Memo - 1/2/2007 City of me M aka } Y 1 tv YiLu w Y'3*a .x' 1' �u t '17"), f .;� * t DATE: October 30, 2006 TO: Rose Saldivar Public Works Department FROM: JONATHAN BARTEL Planning & Development Department, Building and Safety Services Division SUBJECT: SUBMITTAL OF SECURITIES FOR PARCEL MAP NO. 2005-13. ATTACHED PLEASE FIND THE FOLLOWING ITEMS FOR PARCEL MAP NO. 2005-13. 1. Letter of Credit in the amount of$177,000.00 2. Check in the amount of $93,000.00 3. Certificate of Deposit in the amount of $9,000.00 4. Check in the amount of$10,411.00 (Wells Fargo No. 051629) 5. E—mail correspondance 6. Copy of the Subdivision Agreement for Parcel Map No. 2005-13. The total charges are more particularly itemized in Exhibit "A" and Exhibit"Baa of the Subdivision Agreement. If you have any questions please contact me at 621-8076. Thank You, ¢, Jonathan Bartel Finance Control No. City of Fresno Security Deposit Form To: Finance Department - Accounting Division From: Rose Saldivar - Public Works Department CD Passbook Other Time Account Deposited At: Wells Fargo Bank Certificate/Acct. No: 5076907517 Deposit Amount: $9,000.00 Maturity Date: 10/03/07 Depositor: Name: Duncan Enterprises Address: 5673 E Shields Avenue Fresno, Ca. 93727 Street City/State Zip Job Address: PM2005-13 Received By: Rose Saldivar, Public Works Engineering Date: 10/31/06 Authorization to Release Signature Date Release To: Name: Address: Street City/State Zip Nq ij . a s�a a Accepted`By r ,,.,. �, E �� ra �h x ¢ ., ..,...i ..,, � z � K. a � y rhe.:�`n€ "`a,r��•`�''�' z� � �s{ � - y, �, �,,� s a , Y k r Type Q> Release Ma► a ... DatF. a A, .. i.k .,.�g��;� � pati .5 i 60noWf' dge receipt of the above ref rence�mstrurn� t� Slgnatur� h hiat � ' FR Sl �iQrCIPrRS� , Ex r 5076907517 Time Account Receipt/Disclosure Sam name Wells Fargo Bank, N.A. ime Account number Date opened Term of Time Account 5076907517 10/03/2006 12 months days Maturity a Interest rate Fixed rate Variable rate Annual percentage yield Your Time Account will mature on 10/03/2007 3.2 X 3.25 Interest will be paid EVERY 01 MONTHS AND AT WITHDRAWAL method of interest payment will be BY ADDING TO PRINCIPAL Renewability Taxpayer Identification Number(TIN) YOU WILL AUTOMATICALLY RENEW MY TIME ACCOUNT AT MATURITY UNLESS I NOTIFY YOU OTHERWISE 94-1322399 The Bank is opening the above described Time Account for your deposit of NINE THOUSAND AND 0/100 $ **"$9,000.00 Your name and address DUNCAN ENTERPRISES 5673 E SHIELDS AVE FRESNO CA 93727-7819 10/03/2006 15:34 CM129 04965 Bank# 00114 This is a receipt.It need not be presented at the time you obtain payment from the Bank. W60166(11104 63973-J)Time Accounts Account Number Security Amount: ASSIGNMENT (Subdivision Agreement) SECURITY FOR: Duncan Enteprises hereinafter called ASSIGNOR, whose principal place of business is 5673 E. Shields Avenue, ._ Fresno CA 9.3727 Street City State Zip Code do (does) hereby assign, and set over to the City of Fresno of the State of California, all right, title, and interest of whatever nature, of assignor, in and to the insured account of assignor in the — Wells Fargo Bank , evidenced by Cert. of Dep, in the amount of$ 9,000.00 number � SG-1� 9751-7 which is to be delivered to the City of Fresno herewith. Assignor agrees that this assignment carries with it the right in the insurance of the account by the Federal Deposit Insurance Corporation, and includes and gives the right to the City of Fresno to redeem, collect, and withdraw the full amount as indicated above at any time WITHOUT /NOTICE TO ASSIGNOR. This assignment is given as security for liability for Parcel Map 2005-13 including interest and penalties, and to insure compliance with the applicable code or ordinances of the City of Fresno, State of California. Assignor hereby notifies the above-named Bank of this assignment. Dated this day of < , 20 -( Name & Title of Assignor Donald C. Laines, Corp. Secretary RECEIPT FOR NOTICE OF ASSIGNMENT Receipt is hereby acknowledged to the City of Fresno of the State of California of written notice of the assignment to the City of the account identified above. We have noted in our records the City's interest in the account as shown by the above assignment and have retained a copy of this sheet. We certify that this account is fully insured by the Federal Deposit Insurance Corporation and that we have received no notice of any lien, encumbrance, hold, claim or obligation of the above-identified account prior to the assignment to the City of Fresno. We agree to make payment to the City of Fresno upon request in accordance with the Commercial Banking laws applicable to the institution. Dated this day of 20 Bank Name Branch Location City State By: �PXSo►�all��- Name Title of Officer Finance Control No. City of Fresno Security Deposit Form To: Finance Department - Accounting Division From: Rose Saldivar - Public Works Department CD Passbook Other Letter of Credit - Payment Security Deposited At: Wells Fargo Bank Certificate/Acct. No: NZS581789 Deposit Amount: $93,000.00 Maturity Date: Depositor: Name: Duncan Enterprises Address: 5673 E Shields Avenue Fresno, Ca. 93727 Street City/State Zip Job Address: PM2005-13 Received By: Rose Saldivar, Public Works Engineering Date: 10/31/06 Authorization to Release Signature Date Release To: Name: Address: Street City/State Zip r "A' 011, ` a sUa Y 1 d ReteeS {1 4 r w, a tater �� t Name,, & r q* QRS# x r +�p E `E ,'��,,,R�W,.. 'ype=of aelease t x hal�ef .L WA— ` , F�r»'EE.eb1 "'a.,�,r, t _ s .. i ,a„„ ,.{ ,s;x.� xz.__ f�� � �. . w.,'E acknowiedde receipfi�af t�e�a rete referenced Fr�st�u�e� � � ����� � p � �2 ' .�. � Sf $ IE �x�✓�X 4 Signature Dpi#e h k >?l fh h h 3 w n ' FARGO WELLS FARGO BANK, N.A. TRADE SERVICES DIVISION - STANDBY LETTER OF CREDIT UNIT One Front Street, 21st Floor, San Francisco, California 94111 Phone: (800) 798-2815 Option 1. E-Mail: sftrade@wellsfargo.com Irrevocable Letter of Credit Number NZS581789 Issue Date: October 6, 2006 Beneficiary: City of Fresno 2600 Fresno Street, Room 3065 Fresno, California 93721 Attention: Craig Agabashian Re: Payment Security / Duncan Enterprises We hereby establish our Irrevocable Letter of Credit No.: NZS581789 in favor of City of Fresno for the account of Duncan Enterprises, 5673 E. Shields Avenue, Fresno, CA 93727 in the amount of US$93,000.00 (Ninety Three Thousand and NO/100 United States Dollars) available with Wells Fargo Bank, N.A., Trade Service Operations, located at One Front Street — 21't Floor, San Francisco, California 94111, by payment of your draft(s) drawn on us at sight ('Draft's accompanied by your signed and dated statement 'Payment Certificate's worded as follows: "The undersigned, an authorized representative of City of Fresno (the "City"), hereby certifies that the City is entitled to draw on Wells Fargo Bank, N.A. Letter of Credit No.: NZS581789 for the amount of the sight draft now presented pursuant to the provision of materials or labor or Unemployment Insurance Act of that certain Subdivision Agreement for Parcel Map 2005-13 by and between the City and Duncan Enterprises (the "Subdivider"), upon occurrence of one or more events described therein, and such event has occurred." This Letter of Credit expires at our above office on October 1, 2007, but shall be automatically extended, without written amendment, to October 1 in each succeeding calendar year, unless we have sent written notice to you at your address above by registered mail or express courier that we elect not to extend this Letter of Credit beyond the date specified in such notice which date, will be October 1, 2007 or any subsequent October 1 and be at least thirty (30) calendar days after the date we send you such notice. Upon our sending you such notice of the non-extension of the expiration date of this Letter of Credit, you may also draw under this Letter of Credit by presentation to us at our above address, on or before the expiration date specified in such notice, of your draft drawn on us at sight. Partial and multiple drawings are permitted. All drafts must be marked: "Drawn under Wells Fargo Bank, N.A. Letter of Credit No.: NZS581789." All drafts must be also accompanied by the original of this Letter of Credit (plus all amendments, if any) for our endorsement on this Letter of Credit of our payment of such draft. Page 1 of 2 All payments made by us under this Letter of Credit will be made in immediately available funds and will be disbursed from our own funds. If requested by you, payment under this Letter of Credit may be made by wire transfer of Federal Reserve Bank of San Francisco funds to your account in a bank on the Federal Reserve wire systems. Only you may make any Payment Certificate and Draft under this Letter of Credit. All charges and commissions of Wells Fargo Bank, N.A. incurred in this transaction are for Duncan Enterprise's account. We hereby agree with you that each duly completed Payment Certificate and Draft drawn under and in compliance with the terms of this Letter of Credit will be duly honored upon presentation to the drawee. The obligation of Wells Fargo Bank, N.A. under this Letter of Credit is the individual obligation of Wells Fargo Bank, N.A. and is in no way contingent upon reimbursement with respect thereto. This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 (the "UCP") and the laws of the State of California, and, in the case of any conflict between such laws and the UCP, the laws of the State of California will control. Wells Far , N.A. By: Name: s'a Chau Title: Assistant Vice President Page 2 of 2 Finance Control No. City of Fresno Security Deposit Form To: Finance Department - Accounting Division From: Rose Saldivar- Public Works Department CD Passbook Other Letter of Credit - Performance Security Deposited At: Wells Fargo Bank Certificate/Acct. No: NZS581787 Deposit Amount: $177,000.00 Maturity Date: Depositor: Name: Duncan Enterprises Address: 5673 E Shields Avenue Fresno, Ca. 93727 Street City/State Zip Job Address: PM2005-13 Received By: Rose Saldivar, Public Works Engineering Date: 10/31/06 Authorization to Release Signature Date Release To: Name: Address: Street City/State Zip c -- s ar � �� .ef � 'P��� E .sh��e ,3�u �3t s 2� '"'a �� - `� � 3 ":�•.�����'"q �t��x1 `� �. ' °��#�' '."�" �'� � �. u �'€.; 8' C 'moi• %"�uv° '' �a E ";s' � _z u�. u��w ups , ?� �7� Marne ..r ? WN ¢ rE r r E a r Type© Rerease: Mi'led � . . .,. &# ackraw�edge`receipt:of tl�e abovo refeer�e ��� Nil WELLS FARGO BANK, N.A. TRADE SERVICES DIVISION - STANDBY LETTER OF CREDIT UNIT One Front Street, 21st Floor, San Francisco, California 94111 Phone: (800) 798-2815 Option 1. E-Mail: sffrade(d)wellsfargo_com Irrevocable Letter of Credit Number NZS581787 Issue Date: October 6, 2006 Beneficiary: City of Fresno 2600 Fresno Street, Room 3065 Fresno, California 93721 Attention: Craig Agabashian RE: Performance Security / Duncan Enterprises We hereby establish our Irrevocable Letter of Credit No.: NZS581787 in favor of City of Fresno for the account of Duncan Enterprises, 5673 E. Shields Avenue, Fresno, CA 93727 in the amount of US$177,000.00 (One Hundred Seventy Seven Thousand and NO/100 United States Dollars) available with Wells Fargo Bank, N.A., Trade Service Operations, located at One Front Street — 21't Floor, San Francisco, California 94111, by payment of your draft(s) drawn on us at sight CDraft'� accompanied by your signed and dated statement ('Payment Certificate' worded as follows: "The undersigned, an authorized representative of City of Fresno (the "City"), hereby certifies that the City is entitled to draw on Wells Fargo Bank, N.A. Letter of Credit No.: NZS581787 for the amount of the sight draft now presented pursuant to the provisions of performance of that certain Subdivision Agreement for Parcel Map 2005-13 by and between the City and Duncan Enterprises (the "Subdivider"), upon occurrence. of one or more events described therein, and such event has occurred." This Letter of Credit expires at our above office on October 1, 2007, but shall be automatically extended, without written amendment, to October 1 in each succeeding calendar year, unless we have sent written notice to you at your address above by registered mail or express courier that we elect not to extend this Letter of Credit beyond the date specified in such notice which date, will be October 1, 2007 or any subsequent October 1 and be at least thirty (30) calendar days after the date we send you such notice. Upon our sending you such notice of the non-extension of the expiration date of this Letter of Credit, you may also draw under this Letter of Credit by presentation to us at our above address, on or before the expiration date specified in such notice, of your draft drawn on us at sight. Partial and multiple drawings are permitted. All drafts must be marked: "Drawn under Wells Fargo Bank, N.A. Letter of Credit No.: NZS581787." All drafts must be also accompanied by the original of this Letter of Credit (plus all amendments, if any) for our endorsement on this Letter of Credit of our payment of such draft. Page 1 of 2 All payments made by us under this Letter of Credit will be made in immediately available funds and will be disbursed from our own funds. If requested by you, payment under this Letter of Credit may be made by wire transfer of Federal Reserve Bank of San Francisco funds to your account in a bank on the Federal Reserve wire systems. Only you may make any Payment Certificate and Draft under this Letter of Credit. All charges and commissions of Wells Fargo Bank, N.A. incurred in this transaction are for Duncan Enterprise's account. We hereby agree with you that each duly completed Payment Certificate and Draft drawn under and in compliance with the terms of this Letter of Credit will be duly honored upon presentation to the drawee. The obligation of Wells Fargo Bank, N.A. under this Letter of Credit is the individual obligation of Wells Fargo Bank, N.A. and is in no way contingent upon reimbursement with respect thereto. This Letter of Credit is subject to the Uniform Customs and Practice for Documentary Credits (1993 Revision), International Chamber of Commerce Publication No. 500 (the "UCP") and the laws of the State of California, and, in the case of any conflict between such laws and the UCP, the laws of the State of California will control. Wellsgisat6a—u - Title: , N.A. By: Name: Assistant Vice President Page 2 of 2 -1 f0 O OO O O O O O O O O O O O O O O O O O $ +� O V1 O V1 O O O O O O V1 O V1 O O O O O N N til N I- O O O 10 O V) O O +� Vl �O � til •-. .-- VI �O � Hl 00 O "T o0 O � 0 F Im C C uj M LWc. N 3 iiffi M V1 U UJ M U UJ N W V O 3 U q 3 U v LnLn � O w W rn z OL z 3 wz OL a i3' z Soca z Wsoca e zz < w zzzg Uc U a a w y: a A a z a vi 3 3 a a a A a z a vi 3 3 a s 'AILS >. >. >. >. >. >. >. >. >. >. >. >. >. >. >. >. >. >. >. > aaaaaaaa � aaa � aaaaaaa a C� a O F C Cal 0 Li a O v _ U ?� 0 �I My',w f4 a 0 F L N 3 f0 r33 WON n n n n n n n n n n n n n n n n n n n n O L F S S S S S S S S S S S S S S S S S S S S N N N N N N N N N N N N _ O JN O a p p pp N O O N W N N N �N N S 8 0 N N D w c) O ;- lL c) —0 w v C O 0 0 0 0 0 0� O� O� O TO cC a N Vl N N N Vl Vl 00 Vl m V a a O � N N N N N 0 0 0 0 0 0 0 0 0 0 Q F Q ' M fel M M M H1 fel H1 fel N E"