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HomeMy WebLinkAboutT-5553 - Cashier Memo - 4/1/2010 c"Y°' MEMORANDUM PLANNING&DEVELOPMENT DEPARTMENT•DEVELOPMENT SERVICES DIVISION-2600 FRESNO STREE-FRESNO,CA 93721 DATE: April 1, 2010 TO: MARY BAKER Public Works Department FROM: JONATHAN BARTEL Planning & Development Department SUBJECT: SUBMITTAL OF PAYMENT FOR TRACT NO. 5553 THE FOLLOWING ITEMS ARE SUBMITTED FOR PROCESSING: 1. Performance Bond in the amount of$1,032,000.00 2. Payment Bond in the amount of$543,000.00 3. Certificate of Deposit in the amount of$54,000.00 4. Check in the amount of$236,404.09 (California Bank & Trust No. 1037) 5. Copy of the Subdivision Agreement identifying itemized applicable charges. If you have any questions, please contact me at 621-8076. Thank you, Jonathan Bartel City of MEMORANDUM PLANNING&DEVELOPMENT DEPARTMENT•DEVELOPMENT SERVICES DIVISION-2600 FRESNO STREET-FRESNO,CA 93721 DATE: March 11, 2010 TO: KERRY TROST Personnel Services Department FROM: JONATHAN BARTEL Planning & Development Department SUBJECT: REQUEST FOR BOND APPROVAL FOR THE FINAL MAP OF TRACT NO. 5553 Attached are original bonds required for the subdivision agreement for the Final Map. Please review the following bonds for conformity to City acceptance policies: 1. Performance Bond in the amount of: $ 1,032,000.00 2. Payment Bond in the amount of: $ 543,000.00 Final Map is scheduled for Council action on March 25, 2010. If you have any questions, please contact me at 621-8076. Than>kou,. Jonathan Bartel RISK M AGEMENT DIVISION Appr ved: Appr ed /Changes: Signe D ee Bond No.:781320S Premium: $10, 320 . 00 SUBDIVISION IMPROVEMENT PERFORMANCE BOND Whereas, the City Council of the City of Fresno,State of California,and DeYoung Properties 5553 L.P. ("principal")will be entering into an agreement whereby principal agrees to install and complete certain designated public Improvements,which said agreement,Identified as Subdivision Agreement for the Final Map of Tract No. 5553 Is hereby referred to and made a part hereof;and Whereas, principal is required under the terms of said agreement to fumish a bond for the faithful performance of said agreement. Now,therefore,we,the principal and Developers Surety and Indemnity Company as surety,are held and firmly bound unto the City of Fresno("City"),in the penal sum of One Million and Thirty Two Thousand dollars($ 1,032,000.00 ) lawful money of the United States, for the payment of which sum well and truly to be made,we bind ourselves,our heirs, successors,executors and administrators,jointly and severally, firmly by these presents. The condition of this obligation is such that if the above bounded principal,his or its heirs,executors,administrators,successors or assigns,shall in all things stand to and abide by, and well and truly keep and perform the covenants,conditions and provisions In the said agreement and any alteration thereof made as therein provided, on his or their part,to be kept and performed at the time and in the manner therein specified, and in all respects according to their true Intent and meaning,and shall Indemnify and save harmless City,its offlcers, agents and employees,as therein stipulated,then this obligation shall become null and void;otherwise It shall be and remain in full force and effect. As a part of the obligation secured hereby and In addltlon to the face amount specified therefor,there shall be included costs and reasonable expenses and fees,including reasonable attorney's fees, Incurred by City In successfully enforcing such obligation, all to be taxed as costs and included in any Judgment rendered. The surety hereby stipulates and agrees that no change,extension of time,alteration or addition to the terms of the agreement or to the work to be performed thereunder or the specifications accompanying the same shall in anywise affect Its obligations on this bond,and it does hereby waive notice of any such change,extension of time,alteration or addition to the terms of the agreement or to the work or to the specifications. In witness whereof, this instrument has been duly executed by the principal and surety above narned,on _March 10 '2010 Princlpal:.DeYoung Properties 5553, L.P. (Pr incip I) Surety:Dev t tsSetyandlI1 Company By: AlztAlm (Sur y) W ne La torn ey- -Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of CALIFORNIA County of FRESNO On March 10,2010 before me, CYNTHIA SAUCEDA,NOTARY PUBLIC, personally appeared Wayne Lamb , proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. CYNTHIA SAUCEDA Commission # 1796671 .p Notary Public -California i _ •. Fresno County = WITNESS my hand and official seal. MyComm.EVkesApr 27,2012 Signature of Notary Though the data below is not required by law, it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-ICW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623 (949)263-3300 KNOWALL MEN BY THESE PRESENTS,that as except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each,hereby make,constitute and appoint: ***Wayne Lamb, Gary E. Richards, DeAnna Slater, Sherryl Leff, Cynthia Sauceda, Donna M. Smith, jointly or severally*** as their true and lawful Aftomey(s)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of surety- ship giving and granting unto said Atlomey(s)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attorneys)-in-Fact,pursuant to these presents, are hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st,2008. RESOLVED,that the chairman of the Board,the President and any Vice President of the corporation be,and that each of them hereby is,authorized to execute Powers of Attorney,qualifying the aftomey(s)named in the Powers of Attorney to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of the corporations be,"and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporations when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective Vice President and attested by their respective Assistant Secretary this January 1st,2008. By. AND lMQ ,PAN YQ Stephen T.Pate,Senior Vice President yay'..0k"ft�;�' _ z OCT. •e: Z = OCT.610 m By: o 1938 0 ups 1957 Charles L.Day,Assistant Secretary419!4 �a'�1p, "� �r ��i'V9CfFpP�kP State of California County of Orange On January 1st,2008 before me,_ Christopher J.Roach,Notary Public Date Here Insert Name and Title of the Officer personally appeared Stephen T.Pate and Charles L.Day Name(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)islare subscribed to the within instrument and acknowledged to me that helshelthey executed the same in his/her/their authorized capacity(ies),and that by hislherltheir signatures)on the instrument the person(s),or the entity upon behalf of 4' PCWST0P'HEA J.FI.Oi which the person(s)acted,executed the instrument. COMM.#1743939 NOTARY PURUC CAL[Fp�IA 1 certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is OF1ANt3E COUfM N true and correct. W oak M g>0"May 19,2MI WITNESS my hand and official seal. Place Notary Seal Above Signature Chr' er J.Roach CERTIFICATE The undersigned,as Assistant Secretary,of DEVELOPERS SURETYAND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked,and furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney,are in force as of the date of this Certificate. This Certificate is executed in the City of Irvine,California,the 10 day of March, 2 Q 1 0 By: Albert Hillebrand,Assistant ecretary ID-1380(Wet)(Rev.07107) Bond No.:78132OS Premium: Included SUBDIVISION IMPROVEMENT PAYMENT BOND Whereas,the City Councll of the City of Fresno,State of California,and DeYoung Properties 5553, L.P. ("principal") have entered or will be entering Into an agreement whereby the principal agrees to install and complete certain designated public Improvements,which agreement, identified as Subdivision Agreement for the Final Map of Tract No. 5553 _Is hereby referred to and made a part hereof;and Whereas, under the terms of the agreement,the principal is required before entering upon the performance of the work,to file a good and sufficient payment bond with the City of Fresno("City")to secure the claims to which reference Is made in Tillie 15(commencing with Section 3082)of Part 4 of Division 3 of the Civil Code of the State of California. Now,therefore,the principal and Developers Surety and Indemnity Company as corporate surety, are held firmly bound unto the City and all contractors,subcontractors,laborers,material men,and other persons employed in the performance of the agreement and referred to In Title 15 (commencing with Section 3062)of Part 4 of Division 3 of the Civil Coda In the sum of Five Hundred Forty Three Thousand _dollars ($543,000.00 ),for materials furnished or labor thereon of any kind,or for amounts due under the Unemployment Insurance Act with respect to this work or labor, that the surety will pay the same in an amount not exceeding the amount hereinabove set forth,and also in case sult is brought upon this bond,will pay,in addition to the face amount thereof, costs and reasonable expenses and fees,Including reasonable attorney's fees, incurred by City in successfully enforcing this obligation,to be awarded and fixed by the court,and to be taxed as costs and to be included In the judgment therein rendered. It is hereby expressly stipulated and agreed that this bond shall Initre to the benefit of any and all persons, coiTipanles, and corporations entitled to file claims under Tilio 15 (commencing with Section 3082)of Part 4 of Division 3 of the Civil Code,so as to give a right of action to them or their assigns in any suit brought upon this bond, Should the condition of this bond be fully performed, then this obligation shall become null and void,otherwise It shall be and remain In full force and effect. The surety hereby stipulates and agrees that no change,extension of time,alteration,or addition to the terms of the agreement or the specifications accompanying the same shall in any manner affect Its obligations on this bond,and Il does hereby waive notice of any such change, extension,alterallon,or addition. In witness whereof, this instrument has been duly executed by the principal and surety above named,on...._,Ma_rCh 10 .2010 , Principal:DeYou A Properties 5553,L.P. By \ nclpal) Surety:Dev rs Sure and I e i Company By:__ UrOty ay e Lamb,Attorney-in-Fact CALIFORNIA ALL-PURPOSE ACKNOWLEDGMENT State of CALIFORNIA County of FRESNO On March 10, 2010 before me, CYNTHIA SAUCEDA,NOTARY PUBLIC, personally appeared Wayne Lamb, proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s)acted,executed the instrument. I certify under the PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. CYNTHIA SAUCEDA Commission # 1796671 Z _,s Notary Public -California Z Fresno County WITNESS my hand and official seal. MyComm.ExpUesApr27,2012 Signature of Notary OPTIONAL Though the data below is not required by law,it may prove valuable to persons relying on the document and could prevent fraudulent reattachment of this form. CAPACITY CLAIMED BY SIGNER DESCRIPTION OF ATTACHED DOCUMENT ❑ INDIVIDUAL ❑ CORPORATE OFFICER ❑ PARTNER(S) ❑ LIMITED ® ATTORNEY-IN-FACT ❑ TRUSTEE(S) ❑ GUARDIAN/CONSERVATOR OTHER: SIGNER IS REPRESENTING: NAME OF PERSON(S)OR ENTITY(IES) CA-[CW 24(7/00) POWER OF ATTORNEY FOR DEVELOPERS SURETY AND INDEMNITY COMPANY INDEMNITY COMPANY OF CALIFORNIA PO Box 19725,IRVINE,CA 92623 (949)263-3300 KNOWALL MEN BY THESE PRESENTS,that as except as expressly limited,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,do each,hereby make,constitute and appoint ***Wayne Lamb, Gary E, Richards, DeAnna Slater, Sherryl Leff, Cynthia Sauceda, Donna M. Smith, jointly or severally*** as their true and lawful Attomey(s)-in-Fact,to make,execute,deliver and acknowledge,for and on behalf of said corporations,as sureties,bonds,undertakings and contracts of surety- ship giving and granting unto said Attomey(s)-in-Fact full power and authority to do and to perform every act necessary,requisite or proper to be done in connection therewith as each of said corporations could do,but reserving to each of said corporations full power of substitution and revocation,and all of the acts of said Attorney(s)-in-Fact,pursuant to these presents, are hereby ratified and confirmed. This Power of Attorney is granted and is signed by facsimile under and by authority of the following resolutions adopted by the respective Board of Directors of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,effective as of January 1st,2008. RESOLVED,that the chairman of the Board,the President and any Vice President of the corporation be,and that each of them hereby is,authorized to execute Powers of Attomey,qualifying the attomey(s)named in the Powers of Attomey to execute,on behalf of the corporations,bonds,undertakings and contracts of suretyship;and that the Secretary or any Assistant Secretary of the corporations be,"and each of them hereby is,authorized to attest the execution of any such Power of Attorney; RESOLVED,FURTHER,that the signatures of such officers may be affixed to any such Power of Attorney or to any certificate relating thereto by facsimile,and any such Power of Attorney or certificate bearing such facsimile signatures shall be valid and binding upon the corporations when so affixed and in the future with respect to any bond,undertaking or contract of suretyship to which it is attached. IN WITNESS WHEREOF,DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA have severally caused these presents to be signed by their respective Vice President and attested by their respective Assistant Secretary this January 1st,2008. �•,,ANf3�", By; o°t �No �MPAN V pc Stephen T.Pate,Senior Vice President _��roOPPor? 'h G F :a• ti G 4` f Zvi OCT. E.c: Z = OCT.5 Ci E 'C., O BY o f 1536 10 w 1957 Charles L.Day,Assistant Secretary c ?�y,100— s r 00,yA 0 ; State of California County of Orange On January 1st,2008 before me, Christopher J.Roach Notary Public Date Here Insert Name and Title of the Officer personally appeared Stephen T.Pate and Charles L.Day Name(s)of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s)whose name(s)Ware subscribed to the within instrument and acknowledged to me that helshelthey executed the same in hislherltheir authorized capacity(ies),and that by his/her/their signature(s)on the instrument the person(s),or the entity upon behalf of S1OPHEF]` which the person(s)acted,executed the instrument. COMM.#t745M R�� A I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is OUNIY true and correct. GOem!!2 !!�r 19.20" WITNESS my hand and official seal. Place Notary Seal Above Signature Ch' er J.Roach CERTIFICATE The undersigned,as Assistant Secretary,of DEVELOPERS SURETY AND INDEMNITY COMPANY and INDEMNITY COMPANY OF CALIFORNIA,does hereby certify that the foregoing Power of Attorney remains in full force and has not been revoked,and furthermore,that the provisions of the resolutions of the respective Boards of Directors of said corporations set forth in the Power of Attorney,are in force as of the date of this Certificate. This Certificate is executed in the City of Irvine,California,the 10 day of March, 2010 By: Albert Hillebrand,Assistant recretary I D-1380(Wet)(Rev.07107) Company Profile Page 1 of 2 Company Profile DEVELOPERS SURETY AND INDEMNITY COMPANY 17780 FITCH, SUITE 200 IRVINE, CA 92613 Agent for Service of Process ALBERT HILLEBRAND, 17780 FITCH SUITE 200 IRVINE, CA 92614 Unable to Locate the Agent for Service of Process? Reference Information NAIC #: 12718 NAIC Group #: 0075 California Company ID #: 4606-0 Date authorized in California: August 30, 1999 License Status: UNLIMITED-NORMAL Company Type: Property & Casualty State of Domicile: IOWA Lines of Insurance Authorized to Transact The company is authorized to transact business within these lines of insurance. For an explanation of any of these terms, please refer to the glossmy. AUTOMOBILE BOILER AND MACHINERY BURGLARY FIRE LEGAL INSURANCE LIABILITY MARINE MISCELLANEOUS PLATE GLASS SPRINKLER SURETY http://interactive.web.insurance.ca.gov/webuser/idb_co_prof utl.get_co_prof?p EID=100... 3/15/2010 Company Profile Page 2 of 2 Company Complaint Information Company Enforcement Action Documents Company Performance& Comparison Data Composite Complaint Studies Want More? Help Me Find a Company Representative in My Area Financial Rating Organizations Last Revised-June 26,2009 05:53 PM Copyright©California Department of Insurance http://interactive.web.insurance.ca.gov/webuser/idb_co—prof utl.get_co—proVp_EID=100... 3/15/2010 SbIlil F'0�1C1'tleS 5553 L California Bank&Trust 7060 N.Fresno Street ` 21119 [�'&ul1" Suite 101 Fresno,CA 93720.. Fresno, CA 93711 11.244 559-435-0900 1210 DATE: CHIECK.NO. AMOUNT March 30, 2010 037 $****236,404.091 . Pay: **-Two hundred thirty-six thousand four hundred four dollars and 09 cents Y PAY _ To THE City of Fresno ORDER OF ao SECURI I Y FEATURES IHGSUDED,DETAILS ON BACK 8a 11000000 10 3 711' 1: 12 100 204 2111: L 380 3468 2 LII' T De Yo ting Properties 5553 L.P. k RESCITY City of Fresno DATE. INVOICE NO DESCRII'TIdN . INVOICE ANIOUNT DI-DUCTION BALANCE 3-30-10 5553 Subdivision Agreeme 236404 .09 2 6404 .09 #m I I DATE 3-30-10 NUMBER 1037 TOTAL, 236404 .09 2J6. 404 .09 PLEASE DETACH AND RETAIN FOR YOUR RECORDS W AUTOMATICALLY RENEWABLE CALIFORNIA BANK U Tnusr TRUST iz■r E.. ISSUED AT Palm Of f ice #7138 OFFICE Fresno CA DATE March 31, 2010 ry W (CITY OR TOWN) (STATE) W v %,-'*DeYoung Properties 5553, UO (CUSTOMER NAME) (CUSTOMER NUMBER) F_ iY •:�::�r�rv�rr:nir: � Fifty-Four Thousand dollars & no/100%'- DOLLARS $% 54,000.00% , F W LLca D i�.�r J�r�r�1�r�Vrv�r.J..r�r�r�r�r�rr'r�4 HAS TODAY BEEN DEPOSITED WITH CALIFORNIA BANK&TRUST PAYABLE TO ���� • �� ������• OR ORDER UPON MATURITY Q (q AS HEREINAFTER SPECIFIED AND UPON PRESENTATION AND SURRENDER OF THIS CERTIFICATt,PROPERLY ENDORSED,AT THE ABOVE OFFICE. A O THE MATURITY OF THIS CERTIFICATE WILL BE March .11 _ 2011 AFTER DATE,AND SUCH MATURITY WILL BE AUTOMATICALLY EXTENDED FOR SUCCESSIVE LIKE PERIODS �y Z UNLESS:(A)AT LEAST TEN DAYS PRIOR TO SUCH ORIGINAL OR AN EXTENDED MATURITY,THIS BANK HAS SENT WRITTEN NOTICE TO THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON ITS RECORDS OF BANK'S ELECTION TO PAY THE DEPOSIT AT SUCH ORIGINAL OR ANY EXTENDED MATURITY,OR(6) UPON OR WITHIN TEN DAY CH INAL ANY EXTENDED Q MATURITY DATE,THIS CERTIFICATE IS PRESENTED AND SURRENDERED FOR PAYMENT. rr SAID DEPOSIT BEARS SIMPLE INTEREST AT THE RATE OF -70 %PER ANNUM FROM DATE HEREOF UNTIL ULTIMATE MATURITY,AS ABOVE PROVIDED,AND SUCH INTEREST WILL BE = PAID OR CREDITED AT EACH SUCCESSIVE MATURITY DATE IN ACCORDANCE WITH THE WRITTEN I— INSTRUCTIONS OF THE PAYEE OR OTHER HOLDER THEN DESIGNATED ON THE RECORDS OF THIS BANK. THE RATE OF INTERESTIS SUBJECT TO CHANGE BY BANK WITHOUT NOTICE, TO THE EXTENT NECESSARY TO COMPLY WITH ANY LAW OR GOVERNMENTAL REGULATION AFFECTING THE DEPOSIT. AUTHORIZED SIG URE Account Number: 1 380/` 7213 Security Amount: ........................... . .. : .. .. _... .................:..*.: :A ' MEN ....................... . . .. : (Subdivision Agreement) SECURITY FOR:­6 f hereinafter called ASSIGNOR, w ose principal place of business is -w 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 a) //--. %.lMle /-- , evidenced by 'S!'�;��1���� Ace-u,, -in the amount of $,.Y[260 number 13,'O l� �?2l3 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 WIW UT NOTICE TO ASSIGNOR. This assignment is given as security for liability for 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 .t)(I&I day of l dM it Name & tle of ssignor ...... .............. .. .:::.=`:: :; :.: .::'# ;E.t.P:T :�O: :N: :TiG.iw:�C?.F:= S.S[.. .N.M.� ...T ......l*"""-.,-.*""-.,*,,--:,.,..,.,�*�.'...'.'.'.'..'.'.'.*.�.'...'-'.'.*....'."."'."""-""*.""."- --",:"* .......:.. .................... 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 31 day of 64,�JK I71A19r Yog, Phi W 70�( Bank Name Branch Location City State By Name Title o fiver lbrAl *I- . ivsaD7' ESQ Assignment Form Page 2 Tract No. ............. :............................................................ .. ..::OR. SHA .cs).. :..:::;........... . ::.:......:.... .. . ...................................................... ",,::..':°°;::;�:`°.;:� ;;�':� ::..:.:.:............:..E;...:T:�::..:tV. T:QPA.Y.,,�A RN...:..:GS ::::::::::•:�::::::::.�::::::::::: ....................................._..............................................................._.......................................... ......... l Receipt is acknowledged of the above assignment and the Certificate of Share(s) identified in the above assignment. The bank named in the above assignment is hereby authorized and s directed to pay any earnings on the above-identified account to the above-named assignor until i otherwise notified in writing by the of the City of Fresno. Dated this day of , By Authorized Officer or Employee Telephone Number For any question concerning this assignment transaction, please call upon the office of the appropriate officer shown herein. :::::: :: ::::.:.:::::: ::::::::::::::::::::::.:::::::_:................:.............::::::::::::.::::.:........... ...... ::: _: .: ....:...:.......................................................................... ........................................................................ The City of Fresno hereby requests payment to be made to the City of Fresno in the amount of $ from withdrawal of funds in that amount from the Deposit Account identified in the above Assignment. Upon payment of such amount to the City, the City authorizes to release to Assignor all- funds in the Deposit Account in excess of$ and relinquishes all further right, title and interest of whatever nature in the Deposit Account. Dated , By — Authorized Officer or Employee BJW:biw ASSIGN.DOC (Updated 02/23/95)