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Home My WebLink AboutA6230 - MILLENNIUM HOUSING CORPORATION ASSOCIATECV-Exchange PO Box 7143 Bryan, TX 77805 19 111 I ,I, I ii 111 I II 1111 •II 111 ii lln hi I 11 lhi h I •11 I II I hi 1•11111111 The City Of Palm Springs 3200 W TAHQUIT Z CANYON WAY PALM SPRINGS, CA 92263 07-02-2025 00000000 0098768156 00000000 H 00000001 Page 1 of 1 ADDITIONAL INTEREST NOTIFICATIONS You are receiving this item on behalf of California Capital Insurance Company because the policy listed includes you as an 'additional interest'. Please contact the Producer/Agency or company directly for additional information or to make any changes. BILLS SENT SEPARATELY-DO NOT PAY FROM T HESE ITEMS Transactions may print on front and back. Please check each s ide of every page. C1lllornl1 Capltlll Insurance Company Addt'l l nt : COMMERCIAL PROP Renewal Loan#: The City Of Palm Spiings 3200 W T ahquitz Canyon Way Palm Spnngs, CA 92263 Producer: 62001 Phone: (800) 848-5862 Calttomla Southwestern Insurance Agency 25 Orchard 100 Lake Forest, CA 92630 Liability Limit: 1000000; Additional Insured• Designated Person/Organization 2 07-02-2025 0000000 0098768156 0654240369 0039 RW H Insured: Millennium Housing, LLC 611 Anton Blvd, Suite #690 Costa Mesa, CA 92626 Property Dncrlptlon 1955 S Camino Rea l Palm Springs. CA 92264 Polley ln fomtatlon: Effective Date: 08/01/2025 Polley Number: 16-CMA-1-051532 Polley Period: From: 08/01/2025 To: 08/01/2026 Coverages Llmlte Deductlb fes BSPP-Bus Pers Prop 4442016 LBMP-Lla/Med Ex CML 1000000 RECEIVED JUL 1 4 2025 OFFICE OF T HE CITY CLERK Paoe 1 of 1 H 987687 00007289 VeriskWFD Page 1 of 2 Page 1 of 1 IIIIII IIIII IIIII IIIII IIIII IIIII IIIII IIIII II�II IIIII IIII II'I 07-03-2024 00000000 0093332267 00000000 H 00000001 q 9791 1 MM 0.586 09791/009791/10300 0023 000001 162220 g THE CITY OF PALM SPRINGS N 3200 W TAHOUITZ CANYON WAY PALM SPRINGS CA 92263 PPlldrlltullullrplltptlltltptlhutuggllludlltlltdl ADDITIONAL INTEREST NOTIFICATIONS You are receiving this item on behalf of California Capital Insurance Company because the policy listed includes you as an 'additional interest'. Please contact the Producer/Agency or company directly for additional information or to make any changes. BILLS SENT SEPARATELY -DO NOT PAY FROM THESE ITEMS Transactions may print on front and back. Please check each side of every page. California Capital Insurance Company 13544 COMMERCIAL PROP Renewal Louts: Addri Int: Ip(amIll Policy Information: Effective Dab: 08/0112024 The CM Of Palm Springs Millennium Housing. LLC Policy Number: 18-CMA-1-051532 3200 W Tahquifz Canyon Way 611 Aram BIW, Suite e690 Policy Period: From 08101 2024 To: OW01/2025 Palm Spnngs, CA 92263 Costa Mesa. CA W626 Coverages Limb Deductiblas BSPP-Bus Pars Prop 4153619 Prooll Desttiuion LBMP-LiWMW Ex CML 1000000 Producer:62001 Phorb:(am)N8.5682 California Southwestern Insurance Agency 1955 S Camino Reel 25 Orchard 100 Lake Forest, CA 92630 Palm Spnngs. CA W264 LiabilityLimit: 1000000; Additional Insured - Designated Person/Organization 2 07-03-20240D00000009333226708189344200039 RW H RECEIVED JUL 10 2024 OFFICE OF THE CITY CLERK Page 1 of 1 :i�- 42,30 Page 1 of i 06-26-2023 00000000 0087790536 00000000 H 00000001 1e213 -111 :16211 "T4/P309N1ee1e—*—MIXED AADC 500 RECEIVED THE CITY OF PALM SPRINGS 3200 W TAHQUITZ CANYON WAY PALM SPRINGS CA 92263 JUL 10 2023 gtllPldllnilumlplllglg1n11p1r1111qrb t l bF THE CITY CLER►( ADDITIONAL INTEREST NOTIFICATIONS You are receiving this item on behalf of California Capital Insurance Company because the policy listed includes you as an 'additional interest. Please contact the Producer/Agency or company directly for additional information or to make any changes. BILLS SENT SEPARATELY -DO NOT PAY FROM Transactions may print on front and back. Please check each side of every page. California Capital Insurance Company 135U COMMERCIAL PROP Renewal LoeN: dl'Inl, Insured: Policy information' ERectf. Date: OW01/2023 The City Or Palm Springs Millennium Housing, LLC Policy Number. 18.CMA-1-051532 3200 W Tahquitz Canyon Way 611 Anion Blvd, Suite #690 Policy Period: From: 08/0112023 To: 08/01/2024 Palm Springs. CA 92263 Costa Mesa, CA 92626 Coverages Limbs Deduebbles BSPP-Bus Peas Prop 3914362 Properly, lamcnotion LBMP-UwMed Ex CML 1000000 Produce, 62001 Phone:(8001 US 5882 California Southwestern lammare, Agency 1955 S Canyno Real 25 Orchard 100 Lake Forest, CA 92630 Palm Spmgs, CA 92264 Liability Limit: 1000000. Additional Insured Designated Person/Organi¢alion2 06-28-2023 0000000 0087790536 0582837812 0039 RW H Page t of 1 ASSOCIATE MEMBERSHIP AGREEMENT by and between the INDEPENDENT CITIES FINANCE AUTHORITY and the CITY OF PALM SPRINGS THIS ASSOCIATE MEMBERSHIP AGREEMENT is dated as of April 18 , 2012 by and between THE INDEPENDENT CITIES FINANCE AUTHORITY (the "Authority") and the CITY OF PALM SPRINGS, a municipal corporation (the "City")I. WITNESSETH: WHEREAS, certain public agencies of the State of California (collectively, the "Members") have entered into a Joint Powers Agreement Creating the Independent Cities Finance Authority (the "Joint Powers Agreement"), establishing the Authority and prescribing its purposes and powers and providing, among other things, for associate members of the Authority (an "Associate Member"); WHEREAS, the Authority has been formed for the purpose, among others, of assisting its Members and Associate Members in the raising of capital to jfinance the capital improvement needs of Local Agencies (as defined in the Joint Powers Agreement), to provide for home mortgage financing with respect to those Members of Associate Members that are public entities in the State of California, to provide financing in connection with the improvement, construction, acquisition, creation, rehabilitation and preservation of affordable housing within the boundaries of the Members and Associate Members, and to provide financing in accordance with the provisions of applicable law in connection with other projects and programs that are in the public interest and which benefit Members and Associate Members including making loans to tax-exempt organizations from the proceeds of mortgage revenue bonds to finance the acquisition of multi-family rental housing, including mobilehome parks, under the provisions of Chapter 8 of Part 5 of Division 31 (commencing with Section 52100) of the Health and Safety Code (the "Nonprofit Financing Law"); WHEREAS, the City desires to become an Associate Member of the Authority; WHEREAS, the Board of Directors of the Authority has determined that the City should become an Associate Member of the Authority; NOW, THEREFORE, in consideration of the above premises and of the mutual promises herein contained, the Authority and the City do hereby agree as follows: Section 1. Associate Member Status. The City is hereby made an Associate Member of the Authority for all purposes of the Joint Powers Agreement and the Bylaws of the 65054.00000\7345168.1 Authority, the provisions of which are hereby incorporated herein by reference. From and after the date of execution and delivery of this Associate Membership Agreement by the City and the Authority, the City shall be and remain an Associate Member of the Authority. Section 2. Restrictions and Rights of the City. The City shall not have the right, as an Associate Member of the Authority, to vote on any action taken by the $oard of Directors or by the Authority. In addition, no officer, employee or representative of the City shall have any right to become an officer or director of the Authority. Section 3. No Obligations of the City_ The debts, liabilities and obligations of the Authority shall not be the debts, liabilities and obligations of the City, nor shall the City be obliged to make any contributions to the Authority in the form of membership assessments and fees. Section 4. Indemnification by Owner. The Authority shall use its best efforts to ensure that the legal documents relating to any bonds issued to finance projects within the jurisdiction of the City shall provide that the owner of any such project shall indemnify, hold harmless and defend the City, and each of its officers, officials, employees and agents from any and all loss, liability, fines, penalties, forfeitures, costs, expenses and damages (whether imposed by statute, contract, tort or strict liability) incurred by the City,or Agency and from any and all claims, demands and actions in law or equity (including attorneys fees and litigation expenses) arising or alleged to have arisen directly or indirectly out of performance by the City of this Associate Membership Agreement. Section 5. Execution. Execution of this Associate Membership Agreement shall satisfy the requirements of Article 27 of the Joint Powers Agreement for participation by the City in all programs and other undertakings of the Authority, including, without limitation, any Home Mortgage Financing Program (as defined in the Joint Powers Agreement), any financing under the Nonprofit Financing Law, any undertaking to finance the acquisition, construction, installation and/or equipping of public capital improvements, and any other financing program. 65054.00000\7345168.1 IN WITNESS WHEREOF, the parties hereto have caused this Associate Membership Agreement to be executed and attested by their proper officers thereto duly authorized, on the day and year first set forth above. INDEPENDENT CITIES FINANCE AUTHORITY, a joint powers agency • S �X w�J By: yy J� Titl . Attest: ` z� V Deborah J. Smith, Program Adminis ator CITY OF PALM SPRINGS,' a municipal corporation By: Title: City Mana eg r Attest: APPROVED BY CITY COUNCIL ity Clerk a5�1'1rL0tL Nti no wano APP AS TO FORM City Attorney pate �S ��• d O/1— 65054.00000\7345168,1 IN WITNESS WHEREOF, the parties hereto have caused this Associate Membership Agreement to be executed and attested by their proper officers thereto duly authorized, on the day and year first set forth above. INDEPENDENT CITIES FINANCE AUTHORITY, a joint powers agency By: Title: Attest: C"-�i C( y�-�a� (Q Deborah J. Smith, P gr m Administrator CITY OF PALM SPRINGS, a municipal corporation By: Title: Attest: City Clerk O� 65054,00000\7345 168.1 O�pALMSA? c City of Palm Springs Community and Economic Development Department * 3200 E-Tahquirz Canyon Way • Palm Springs, California 92262 TEL:(760)323-8259 • FAX(76(7)3 22-83 2 5 • TDD(760)864-9527 aeoxacv•aim ..... iq Red,,dopmcn,dgcacv • Communal Dc.dopmen,Block Gran, Q�/FDVt Downman Developmcn,• Economic Dcvelopmenr Housinn Public A,, April 17, 2012 Augusta Communities 400 N. Mountain Avenue, Suite 205 Upland, CA 91786 Attention: Suzanne Taylor, President Dear Ms. Taylor: RE: NOTICE OF TERMINATION OF ADMINISTRATION AND OVERSIGHT AGREEMENT City of Palm Springs, Augusta Consulting Group and Millennium Housing Corporation (Borrower) relating to City of Palm Springs Mobile Home Park (Sahara Mobile Home Park) Revenue Bonds, Series 2002A and Series 2002E Millennium Housing Corporation is in the process of refinancing the Series 2002A and Series 2002E Revenue Bonds issued by the City of Palm Springs. The new bonds will be issued by a Joint Powers Authority (JPA). The JPA has its own Oversight Agent. According to the Administration/Oversight Agreement dated May 1, 2002, the City may at its sole discretion, terminate the Administration and Oversight Agreement upon giving the Oversight Agent and the Borrower 30 days written notice of its intention to do so. Please be advised by copy of this letter of our intention to terminate the Administration and Oversight Agreement effective May 23, 2012. Sincerely, APPROVED BY CITY COUNCIL David H. Ready, Ci anager ds cc: George Turk, Millennium Housing Corporation John Raymond, Director of Community and Economic Development Post Office Box 2743 0 Palm Springs, California 92263-2743 DIRECTION TO REDEEM BONDS Union Bank,N.A. 120 S. San Pedro Street,4th Floor Los Angeles, California 90012 Attention: Corporate Trust Department RE: City of Palm Springs Mobile Home Park Revenue Bonds (Sahara Mobile Home Park) Series 2002A and Mobile Home Park Subordinate Revenue Bonds (Sahara Mobile Home Park) Series 2002B (together,the"Bonds") Reference is made to that certain Trust Indenture dated as of May 1, 2002 (the "Indenture") between the City of Palm Springs and Union Bank, N.A. (formerly known as Union Bank of California, N.A.) (the "Trustee"). Capitalized terms not otherwise defined herein have the meanings set forth in the Indenture. Pursuant to Section 4.1(b) of the Indenture, the Borrower hereby directs the Trustee to cause the Bonds to be redeemed in whole on May 24, 2012 from funds deposited by the Borrower with the Trustee on or prior to May 23, 2012 (the"Defeasance Date"). The Trustee is hereby directed to give conditional notice of such redemption in accordance with Section 4.5 of the Indenture. Upon receipt of the principal of and interest on and Redemption Price of the Bonds on the Defeasance Date, the Trustee is hereby directed to take such actions as may be necessary to defease the Bonds in accordance with Section 13.1 of the Indenture. DMWEST#8920978 vi Dated: April_ 2012. Millennium Housing Corporation, a California nonprofit public benefit corporation B. r R. Turk, i nt ' (Direction to Redeem Bonds—Sahara Mobile Home Park) S-1 The undersigned hereby acknowledges and consents to the Direction to Redeem Bonds. Dated: Apri�2012. City of Palm Springs By. �}! ATTEST: Name: pckvic \A , Q�Q� Title: CMMANAGER � � / iy Clark APPROVED BY CITY COUNCIL Sl�h 11)\2Ta M ?5W6.- (Direction to Redeem Bonds—Sahara Mobile Home Park) S-2