HomeMy WebLinkAbout02074 - RAMONA SAVINGS LOAN SUBDIVISION TRACT 15827 Cindy Berardi
From: Carol Templeton
Sent: Tuesday, September 28, 2010 1:21 PM
To: Cindy Berardi
Subject: RE: TM15827: SIA A2074 Ramona Savings & Loan
Hi Cindy,
I would assume that this can be closed out.We have no bond decrease letters stored in the
computer and all of the files are stored in archives (which cost$30 to get out of archive). I have
never heard of any problems associated with this project, so I would say close it out.
Carol Templeton, Engineering Associate
City of Palm Springs Engineering Division
Direct (760) 323-8253 Ext. 8741
Fax (760) 322-8360 or 322-8325
Please note new email address:
Carol.templeton@palmspringsca.gov
http://www.gcode.us/codes/palmsprings/view.php
NOTE THAT CITY HALL OFFICE HOURS ARE MONDAY THROUGH
THURSDAY 8 AM TO 6 PM. THE PUBLIC ENGINEERING COUNTER IS
CLOSED MONDAY THROUGH THURSDAY 11 AM TO 2 PM.
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From: Cindy Berardi
Sent: Tuesday, September 28, 2010 12:02 PM
To: Carol Templeton
Subject: TM15827: SIA A2074 Ramona Savings & Loan
cc File: A2074 Ramona Savings &Loan.pdf»
Can the attached Subdivision Imp Agr be closed out?
Cindy ff)erarJi
PALM
F S
A. Pz
City of Palm Springs
' A♦ . 1 [i' f't 1 V
IF0RN�P
P.O. Box 1786, Palm Springs , California 92263 (714) 323-8253
DEPARTMENT OF COMMUNITY DEVELOPMENT - ENGINEERING DIVISION
.NOTICE OF ACCEPTANCE
FOR O PUBLIC AND/OR 0 PRIVATE IMPROVEMENTS
TO: Ramona Savin s & Loan ACCEPTANCE DATE: June 28, 1985
5334 E. Champman Avenue PROJECT: Cheorkee Village
Orange, California 92669 Tr. 15827`
Attn : Paula English
This is to inform you that the following improvements have been inspected and
found acceptable to the City:
PUBLIC IMPROVEMENTS PRIVATE IMPROVEMENTS
Curbing 2�150L.F. Curbing 11 .150 L.F.
Street Paving 8 ,700 _ S.F. Street Paving 170,000 S.F.
Sidewalks 6 .400—S.F. Sidewalks S.F.
Driveway Approaches 960 S.F. Driveway Approaches 14,000 S.F.
Bike PathsT7 ,000 S. F. Bike Paths S .F.
Sewer Mains L.F. Sewer Mains L.F.
Sewer Laterals 30 L.F. Sewer Laterals L.F.
Sewer Manholes - Ea. Sewer Manholes .._ Ea.
Storm Drains L. F. Storm Drains L.F.
Survey Monuments Ea . Survey Monuments Ea.
Location : 2345 Cherokee Way @ E. Palm Canyon Dr.
C.P.S. Drawing No s 2622 Permit No.. 9196T
Contractor(s) actually doing work_ Sin
Mati-ch Corp_, KMY
Notify your bonding company/bank to release the following bonds :
Instrument of Credit in the amount of $ _927,550.00 _ Performance
No.
in the amount of $ Labor & Materials
No. _ in the amount of $ 3.700.00 Monuments
No. in the amount of $ 13 13 Maintenance Security'
Construction bond in the amount of N/A for
Engineer m Hallmark Engineering � --Bond Co./Bank Bank of America
Comments
(
Maintenance security—may be released one .1)_. year after date of.
Acceptance—
Submitted �rZrY Approved by �
Tom a i I obert L. -Mohler
Approved by ___ Engineering Manager
John A. Mangion
Dir. of Community Development
Distribution : Original to Addressee; Copies to it Clerk, Engineering File,
Chief P .W. Inspector, Building, General Operations
R E C E I V E D Index No. 8511
J U L 2 1985
CITY CI FRK
• •amona Savings & Loan - Subdiv
CITY OF PALM SPRINGS Impr Agr for Tract 15827
AGREEMENT #2074 (Orig 4-18-84
SUBDIVISION IMPROVEMENT AGREEMENT signed by CM 5-1-84
THIS AGREEMENT, made and entered into this IS day of April 19 84 ,
by and between RAMONA SAVINGS AND LOAN
hereinafter collectively referred to as "Subdivider" and CITY OF PALM SPRINGS, a
municipal corporation of the State of California, hereinafter referred to as "CITY" ;
WITNESSETH:
WHEREAS, Subdivider has prepared and filed a final subdivision map of
No. TRACT #15827 in the City of Palm Springs , County of Riverside, for approval
by City; and
WHEREAS, as a condition precedent to the approval of said map by City, Sub-
divider is required to offer for dedication those parcels of land intended for
streets , highways and other public use, and also to construct and install or agree
to construct and install certain improvements ; and
WHEREAS, Subdivider, by said map, has offered for dedication to City for public
use the streets and easements shown on said map; and
WHEREAS, City desires to accept the streets and easements shown on said map for
public use, and certain other such improvements; and
WHEREAS, as a condition precedent to the acceptance of the dedication of such
streets and easements by City, Subdivider is required to enter into an agreement
with the City to construct certain improvements; and
WHEREAS, the total cost of such improvements has been estimated by the City
Engineer to be approximately $ 927,550.00
,
NOW, THEREFORE, IT IS AGREED by and between the parties hereto as follows:
1 . Subdivider, at his sole cost and expense, shall construct and install the
street, drainage, domestic water, sanitary sewer and other improvements required to
be constructed or agreed to be constructed as a;condition precedent to the approval
of said final map and acceptance of such streets and easements , as shown on the
"Improvement Plans for TRACT #15827 11 , a copy of which is now on file in the
office of the City Engineer of the City and which is referred to and incorporated
herein as though set forth in full .
2. Subdivider shall furnish to City good and sufficient bonds executed by a
corporation authorized to transact surety business in the State of California on
forms approved by City, one bond in the sum of $ 927,550.00 to assure the
faithful performance of this Agreement, and one bond in the sum of 463,775.00
to assure payment of the cost of the labor and materials for the improvements
required to be constructed or installed hereby.
Both of said bonds shall be deemed exonerated upon acceptance by the City of
the improvements, and the furnishing of a maintenance bond at the time of the
acceptance in the amount of $ 139,130.00 Said maintenance bond shall
remain in effect for a period of one year from date of acceptance of the improve-
ments.
3. Before final approval of street improvements, the subdivider will place
survey monuments in accordance with the provisions of the State Subdivision Map
Act and the Subdivision Ordinance of the City of Palm Springs as shown on the Tract
Map.
The Subdivider, after setting the monuments, shall furnish the City Engineer
of the City of Palm Springs , written notice of the setting said monuments and
written proof of having paid the engineer or surveyor for the setting of said
monuments, or as provided for in the Subdivision Map Act.
Subdivision Improvement Agreement
Page 2
4. In accordance with the terms of said subdivision regulation aforesaid,
the subdivider does hereby agree to furnish a good and sufficient bond in the
amount of $ 3,700.00 to guarantee payment of the cost of setting monuments
as stated in Item No. 2 of this agreement.
5. The City Engineer or his duly authorized representative, upon written
request of Subdivider, shall inspect the improvements herein agreed to be con-
structed and installed by Subdivider, and, if determined to be in accordance
with the applicable City standards, shall recommend the acceptance of such
improvements by the City.
6. Subdivider shall complete such improvement plans -including any correc-
tions and revisions thereto necessary to comply with the applicable City
standards as determined by the City Engineer, within thirty (30) days after
approval of the final map.
7. Subdivider shall perform any changes or alterations in the construc-
tion and installation of such improvements required by City, provided that all
such changes or alterations do not exceed 10 percent of the original total
estimated cost of such improvements.
8. Subdivider shall guarantee such improvements for a period of one
year following the completion by Subdivider, and acceptance by City, against
any defective work or labor done, or defective materials furnished, in the
performance of this Subdivision Improvement Agreement by Subdivider and shall
repair or replace any such defective work or materials discovered during said
one year period.
9. Subdivider shall commence the construction and installation of such
improvements within thirty (30) days from the approval of such "Improvement
Plans for TRAcr #158Z7 " by the City Engineer, and shall complete
such construction and installations within nine (9) months from such date of
commencement.
10. In the event that Subdivider fails to perform any obligation hereunder,
Subdivider authorizes City to perform such obligation twenty (20) days after
mailing written Notice of Default to Subdivider at the address given below,
and agrees to pay the entire cost of such performance by City.
11 . In the event that Subdivider fails to perform any obligation hereunder,
Subdivider agrees to pay all costs and expenses incurred by City in securing
performance of such obligations, including costs of suit and reasonable attorney's
fees.
12. Subdivider hereby binds itself, its executors, administrators and
assigns, and agrees to indemnify, defend, and hold the City harmless from any
losses, claims, demands, actions or causes of action of any nature whatsoever,
arising out of or in any way connected with the improvements agreed to be
constructed and installed hereunder by the Subdivider, including costs of suit
and reasonable attorney' s fees.
I
Subdivision Improvement Agreement
Page 3
IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.
SUBDIVIDER: RAMONA SAVINGS AND LOAN
Dale Holker, Presi ent
Geraldine Balogh, sp6retary
5334 E. Chapman Avenue
Address
Orange, CA 92669
City
CITY OF PALM SPRINGS, CALIFORNIA
City Clerk City Manager
1�
REVIEWED & APPROVED 1-k
STATE OF CALIFORNIA,
ss.
COUNTY OF-
ON 19
before me, the ndersi red, a Notary P fc and for the said State, personally appeared
nown t me to be the
President, and LCr {,known to me
to be the Secretary of " / 4Ct +i
V22
OFFICIAL SES,T PATmC4%0. CAN0 the Corporation that executed the within Instrument, known to me to be the ersons who
poibfic-cailorna POn ii° E IN T executed the within Instrument, on behalf of the Corporation herein named, and acknowledged
to me that such Cor071 k!Gi C0OilT poration executed the within Instrument pursuant to its by-laws or a
my Commission Expires July 27, 1984 resolution of its board of directors.
►0"4'r4< o-s r e+ WITNESS my hand and official seal.
ACKNOWLEDGMENT—Corp.—Pros. S Sec.—Wolcotts Form 726—Rev.3-64 ^�
CA v a
C� / / / f tZ U C�/GL
Notary Public in and for said State
L .. _. - --
y �11'
(Survey onument-Security)
The undersigned, being a financial institution which is subject to
regulation by the State of California or by the Federal Government hereby
pledges that moneys to the extent of TxrREE THOUSAND SE%N HUNDRED
AND NO CENTS--- Dollars ($ 3,700.00 ) and on deposit
by RAMONA SAVINGS AND LOAN _ hereinafter referred
to as Imrpover, for the purpose of securing payment of Engineer or Surveyor for
setting survey monuments in accordance with the terms and conditions of that
certain Agreement for Completion of Monumentation Work dated April 18, 1984 ,
by and between Improver and the City of Palm Springs, a Municipal Corporation,
an executed copy of which is hereto attached and incorporated herein by reference
and that said funds are trust funds for the sole purpose of guaranteeing the payment
thereof to the City of Palm Springs or such portion thereof as said City may request
for the completion of the Monumentation set forth in said Agreement in event of
default by Improver.
The undersigned agrees that upon receipt of written notice of default
by Improver in Improver's monumentation of the terms and conditions of said
Agreement, signed by the Director of Community Development of said City, the
undersigned shall immediately pay said funds or such amount thereof as shall be
set forth in said notice, to the City of Palm Springs.
The undersigned further agrees that it shall hold said funds on deposit
as trust funds for the uses and purposes herein set forth or such amount as may
remain, until such time as it receives written notice signed by the Director of
Community Development of said City to the effect that said Agreement has been
fully performed and authorizing the release of said funds to the depositor.
This Instrument of Credit is executed and delivered in addition to the
Instrument of Credit bearing the same date guaranteeing payment, faithful per-
formance of labor and materials under said Improvment Agreement by Improver.
By execution and delivery of this Instrument to the City of Palm Springs,
the undersigned is relieved of any and all liability to Improver except as herein
specifically set forth.
1 of 2 pages
Dated at /z �, California , this c day
of G �� 19d !
BANK 01' ANII IUCA
BY
8y_ fThe undersigned , being the Improver referred to in the foregoing Instrument
of Credit, hereby agrees to all the terms and conditions therein set forth and
releases the financial institution executing said Instrument of Credit from all
liability except as therein specifically set forth
Dated at--.Orange California, this 1.8th day
of April 19 84.
RAMONA SAVINGS AND LOAN
Dale Holl-er, President
Geraldine Balogh, Secrtetary
Approved:
>a
Dire or of Commwnty Deve oprnent
City of Palm Sarin4s
C' STATE OF CALIFORNIA, /
Ss.
COUNTY OF
/,
ON C/ � 19
before me, the on ersigned, a Not y Pu!c rin a d fo�he said State, personally appeared
1 t known to e to be the
President, and to
to me
} �+►rxasae-aspt m 3aer►F��+f�+�a to be the Secretary of /2dY!
PATRICIA ra. r;9A,N3AN0 the Corporation that executed the within Instrument, known to me to be the persons who
Ptuta executed the within Instrument, on behalf of the Corporation herein named, and acknowledged
tts" y Public -Cahrenna P
" yam' o me that such Corporation P
y�« PRIulCii AL MICE IN
poration executed the within Instrument pursuant to its by-laws or a
ORA.NG£ t;nUF!Ytl y resolution of its board of directors.
My Commission Expres July 27, 1984 WITNESS my hand and official seal.
—Cor
ACKNOWLEDGMENT fia Notary Publ�and for said S��
_u —^ -- p—Pros. d Sec Waltotts Form 726—Rev 3- —
ASSIGNMENT
RAMONA SAVING; AND LOAN , hereinafter called ASSIGNOR, whose principal place of
business is 5334 E. CHAPMAN AVENUE, ORANGE do (does) hereby assign, and set
Street `_---city-_
over to the City of Palm Springs of the Slate of California, a security interest
in the insured account of assignor in the BANK OF AMERICA ,
evidenced by an account in the amount of $3,700.00
rnunbered Account #_1994-276 _ which is delivered to the City of Palm
Springs 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 Pahn Springs to redeem, collect, and
withdraw the full amount of such account at any time WITHOUT NOTICE TO ASSIGNOR.
r3hi.s assignment is given as security for liability for FINAL MONU11='NI'ION
ii�M_#15827_
Assignor hereby notifies the above-named BANK OF AMERICA
of this assi.gntnent.
Dated this 1.9 tbday of April 19 84
Dale Holker, President
Geraldine Balogh, Secretary
i
RECEIPT FOR NOTICE OF RECEIPT FOR SECURITY
ASSIGNMENT AND
DIRECTION TO PAY EARNINGS
Receipt is hereby acknowledged
to the City of Palm Springs of the State Receipt is acknowledged of the
of California of written notice of the above assignment and the account identi-
assignment to said City of Palm Springs fied in the above assignment.. The
of the account identified above. We BANK OF AMERICA named
have noted in our records the City of in the above assignment is hereby authorized
Palm Springs interest in said account and directed to pay any earnings on the
as shown by the above assignment and above-identified account to the above-
have retained a copy of this sheet. We rtarm l a c; •,�+ ��- - - —
STATE OF CALIFORNIA,
I i as
COUNTY OF
ON 2( 19
before me, the and rsigneia Notary Public and,for the said State, personally appeared
/ / 2 mown o me to be the
President, and ? r- 'L Ic known to me
ayycae raw++n o-c'�te�`+�+�ooes� to he the Secretary Of 2 r� Gt
.� Ou FlmmL SEAL f
"a:'v�r Fl1?Ri;.8y1`; p9 fl�CrtlO p
-;,, Notary p,�r,iic ca�,�nia the Cor erahon that executed the within Instrument, known to me to be the persons who
P21ry;.P;,p,rnsTfct N! executed the within Instrument, on behalf of the Corporation herein named, and acknowledged
r' pyl,,.gGt,;GOsdTY to me that such Corporation executed the within Instrument pursuant to its by-laws or a
commission Lxpues July z7. '9o4 resolution of its board of directors.
��{y aQsa r►rav«ern'=� o' f°" WITNESS my hand and official seal.
ACKNOWLEDGMENT—Corp:Pies. 6 Sec.wotcolts Form 226—Rev 3-64
9 lti it i
Notary Pu61ic in and for said State. e7
INSTRUMENT OF CREDIT
(Labor and a eria
The undersigned, being a financial institution which is subject to
regulation by the State of California or by the Federal Government, hereby
pledges that moneys to the extent of FOUR HUNDRED SIXTY-THREE THOUSAND
SEVEN I-RJNDRED SEVRINY-FIVE & 00/lDpllars ($463,775.00 are on deposit by
RAMONA SAVINGS AND .LOAN hereinafter referred to as Improver,
for the purpose of securing payment to the engineer, contractor, his sub-
contractors and to persons renting equipment or furnishing labor or materials
to them for the improvement provided for in that certain Agreement for
Completion of Improvement Work dated ____A .ifs, 7T9t34 by and between
Improver and the City of Palm Springs, a Municipal Corporation, an executed copy
of which is hereto attached and incorporated herein by reference and that said
funds are trust funds for the sole purpose of guaranteeing the payment thereof
to the City of Palm Springs or such portion thereof as said City may request for
payment to the engineer, contractor•, his subcontractors and to persons renting
equipment or furnishing labor or materials to them in construction of the improve-
ments set forth in said Agreement in event of default by Improver.
The undersigned agrees that upon receipt of written notice of default by
Imrpover in Improver's payment or payments as above set forth, signed by the
Director of Community Development of said City, the undersigned shall immediately
pay said funds or such amount thereof as shall be set forth in said notice, to
the City of Palm Springs .
The undersigned further agrees that it shall hold said funds on deposit
as trust funds for the uses and purposes herein set forth or such amount as may
remain, until such time as it receives written notice signed by the Director of
Community Development of said City to the effect that all said payments have been
made and authorizing the release of said funds to the depositor.
This Instrument of Credit is executed and delivered in addition to the
Instrument of Credit bearing the same date securing the faithful performance of
said Agreement for Completion of Improvement Work by Improver.
l of 2 pages
By execution and delivery of this Instrument to the City of Palm Springs ,
the undersigned is relieved of any and all liability to Improver except as herein
specifically set forth.
Dated at_� C4� California , thisL, day
of _� r 6 19 84
BANK OP AMERICA
The undersigned, being the Improver referred to in the foregoing
Instrument of Credit, hereby agrees to all the terms and conditions therein
set forth and releases the financial institution executing said Instrument of
Credit from all liability except as therein specifically set forth .
Dated at orange � ` California, this 18th day
of April 19 84 ,
RAMONA SAVINGS AND LOAN
Dale Holker, President
Geraldisae Balcgh, Sew etary
Approved:
Dire for of Community Deveroprnent
STATE OF CALIFORNIA,
�f � ss.
COUNTY OF_ (oe/z
ON 19A
before me, the ndersi ad, a otary,P lic in, and for the said State, personally appeared
ry ' )m. 1�/ct� know to me to be the
President, and ;0 1 known to meJ
OTFIC;AL SEAL to be the Secretary of
�,v�`, PAFRICIA B. ?c3"nIGANO _ _ 1,2.2G� %_/ICkt2.✓ ;'
Notary Pubhc CaldDrnia the Corporation that executed the within Instrument, known to me to be the persons who l�
• 'F��j...js'`�;"° FIGli IN PRINCIPAL OF
�a CrhT{ executed the within Instrument, on behalf of the Corporation herein named, and acknowledged
O,�ANGc.COUP�TY to me that such Corporation executed the within Instrument ursuant to its b laws W a I
Nly Commission Expires July 27, 1994 resolution of its board of directors. p y
WITNESS my hand and official seal
i
i
ACKNOWLEDGMENT—Corp—prem. &See.Wolcott&Form YLfi—""3-fi4 16: /n 0_,2 a_6;V&0 �I
CZ,�t�t C..c ate
Notary Public in and for said State.V �I
0
ASSIGNMENT
RAMONA SAVINGS AND THAN , hereinafter called ASSIGNOR, whose principal place of
business is 5334 E. CHAPMAN AVE=,., ORANGE do (does) hereby assign, and set
u _L1 y
over to the City of Palm Springs of the State of California, a security interest
in the insured account of assignor in the BANK OF AMERICA ,
evidenced by an account in the amount of $463,775.00
nunube.red Account # 1995-266 _ which is delivered to the City of Palm
Springs 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 Palm Springs to redeem, collect, and
withdraw the full amount of such account at any time WITFIOUP NOTICE TO ASSIGNOR.
[his assignment is given as security for liability for PERFORMANCE FOR MATERIAL
PM LABOR TRACT #15827
Assignor hereby notifies the above—named BANK OF AMERICA
of this assignment.
Dated this 19th day of APRIL , 19 84 .
BY: ` 3z(
Dale Hcl.ker, President
Geraldine &-dogh, Secabtaxy
RECEIPT FOR NOTICE OF RECEIPT FOR SECURITY
ASSIGNMENT AND
DIRECTION riq PAY EARNINGS
Receipt is hereby acknowledged
STATE OF CALIFORNIA, `-
SS.
COUNTY OF ) -� z o L_
before me, the u ersigned, a Not P Im nd for the said State, personally appeared
�t =CiL,, mown $$o me to be the
�President, and�o7 9. tl L)cV L known to me
y
to be the—Secretary of
awm�aacs-�c�s�maeA+►aaao-�r
OFFICIAL SE,L
the Corporation that executed the within Instrument, known to me to be the persons who
� Notary Public -CaoforDia executed the within Instrument, on behalf of the Corporation herein named, and acknowledged
3,w,•S i,•" PRINIO PA OH!' 'c III me that such Corporation executed the within Instrument pursuant to its by-laws or a
09AINI,C COUNTY resolution of its board of directors
My Commission L(pres July 27. 1464 yi
# WITNESS my hand and official seal
l34+tra6 Y16ia`i�4tib�f+fir�p-:��Wvir4�ily4ft j
II
i
/ ly
ACKNOWLEDGMENT—Corp.—Pres. 6 Sec.Wolcotts Form 226—Rev.3-64 LZ.L���L�r„�(r%(� /6 -"q c�—CLIZIO
Notary Public in and for said State.i'
552 Sespe St. , Fillmore, CA 93015
t` ��r
BY:
BY:� �V � t✓�`/
INSTRUMENT OF CREDIT
Faithful Performance
The undersigned, being a financial institution which is subject to
regulation by the State of California or by the Federal Government hereby
pledges that moneys to the extent of NINE HUNDRED TWENTY-SEVEN 'THOUSAND
FIVE HUNDRED PIEW & NO CMNM Dollars ($927,550.00 ) and, on deposit
by RAMONA SAVCNC,S AND DOAN _ _ hereinafter referred
to as Improver, for the purpose of securing Improver's performance of all
the terms and conditions of that; certain Agreement for Completion of Improve-
ment Work dated April 18, 1984 by and between Improver and the
City of Palm Springs , a Municipal Corporation, an executed copy of which is
hereto attached and incorporated herein by reference and that said funds are
trust funds for the sole purpose of guaranteeing the payment thereof to the
City of Palm Springs or such portion thereof as said City may request for the
completion of the improvements set forth in said Agreement in event of default
by Improver.
The undersigned agrees that upon receipt of written notice of default
by Improver in Improver's performance of the terms and conditions of said
Agreement, signed by the Director of Community Development of said City, the
undersigned shall immediately pay said funds or such amount thereof as shall
be set forth in said notice, to the City of Palm Springs .
The undersigned further agrees that it shall hold said funds on
deposit as trust funds for the uses and purposes herein set forth or such amount
as may remain, until such time as it receives written notice signed by the
Director of Community Development of said City to the effect that said Agreement
t
has been fully performed and authorizing the release of said funds to the depositor.
This Instrument of Credit is executed and delivered in addition to
the Instrument of Credit bearing the same date guaranteeing payment of labor
and materials Linder said Improvement Agreement by improver.
By execution and delivery of this Instrument to the City of Palm Springs,
the undersigned is relieved of any and all liability to Improver except as herein
specifically set forth .
I of 2 pages
Dated at California , this day
o f 19 84.
BANK OF AMMICA
-----
The undersigned, being the Improver referred to in the foregoing Instrument
of Credit, hereby agrees to all the terms and conditions therein set forth and
releases the financial institution executing said Instrument of Credit from all
liability except as therein specifically set forth
Dated at orange California, this 18th day
of April 19 84•
RAMONA, SAVINGS AND DOM
Dale Holker, President
Geraldine Bal.c3gh, secvetiary
Approved:
Di redtor of Conrinun'i Cv Develhfnment
- - 1STATE OF CALIFORNIA,
COUNTY OF�
ON—
before me, the undersigne', a N tary Pubic in a for he said State, personally appeared
G /, k I in to me to be the
President, and > known to me
it•r�►wa,yr'��a�w®�s.ot�yr�ysyay to be the Secretary
OFFICIAL.SEAL
" I 'V PAT6ICIA N MANCANO the Corporation that executed the within Instrument, known to me to be the persons who
Notary Public California executed the within Instrument, on behalf of the Corporation herein named, and acknowledged
PRINCIPAL C;FiCE IN to me that such Corporation executed the within Instrument pursuant to its by-laws or a
GRANGE COU01 Y resolution of its board of directors.
sly Commission Expiies July 27, 1984 I
.awracawavaa a rmi�w a�s-ram WITNESS my hand and official seal. )
ACKNOWLEDGMENT—Corp.—Pres. 6 Sec.Wolcotts Form 726—Rev.3-64
Notary Public in and far said We.
ASSIGNMENT
RAMONA SAVINGS AND LOAN , hereinafter called ASSIGNOR, whose principal place of
—Name
business is 5334 E. CHAPMAN AVENIJE, ORANGE do (does) hereby assign, and set
over to the City of Palm Springs of the State of California, a security interest
in the insured account of assignor in the BANK OF AMERICA ,
evidenced by an account in the amount of $927,550.00
tnmbered Account # 1997-265 which is delivered to the City of Palm
Springs 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 Palm Springs to redeem, collect, and
withdraw the full amount of such account at any time WITHOUT NOTICE TO ASSIGNOR.
`this assignment is given as security for liability for FAITHFUL PERFORMANCE
TRACP #15827
Assignor hereby notifies the above-roamed — BANK OF AMERICA
of this assignment.
Dated this 19th day of APRIL 19 84 .
BY:—
�DDale Holk/er, Panesi.den/t
Geraldine Balogh, Se, terry
RECEIPT FOR NOIICRE OF RECEIPT FOR SECURITY
ASSIGNMENT AND
DIRECPION TO PAY EARNINGS
1'I STATE OF CALIFORNIA,
�/� � 6S.
COUNTY OF. c--^' 0�Z2
ON -
�' 19 k
before me, the underm n d, a Notary//Publlc,,iryryand for the said State, personally appeared
1"1- know to me to he the
President, and1Z�� n � T6 known to me
8s�a►A a rai4 w�b �� w�*o'�+� ��°� to be the Secretary of
OF,ICI'.L SEAL _ /, re-
��. PATauarb . r:Q,�N�e+No
-'. - the Corporation that executed the within Instrument, known to me to be the persons who
Notary Peleliu Caldrnna ,,
executed the within Instrument, on behalf of the Corporation herein named, and acknowledged
I RtPSfoi At OFFICE IN :t
bRd.Ptf+E OFFICE to me that such Corporation executed the within Instrument pursuant to its by-laws or a
""° t y C'onllrhssion Expires JGIy 27. 19R4 resolution of its board of directors. l
WITNESS my hand and official seal.
I
L
CNNOWLEGGMENT—Carp.—Pres. &Sec.Wolca@s Form 726—Aev 3 64 (k, (,(. a' 9;1 �`
Notary Public in and for said State.
552 Sespe St. , Fillmore, CA 93015
�2 City _'
BY:
B'Y
Bank of America Time Deposit Receipt 17
BRANCH
Fillmore No. 199 DATE 4-19-84
PURCHASED BY Ramona Savings & Loar_ Assn RATE 10.125
„ - 4AMOU 1T 927 SD,00 I
__•„ w _ _ -
PAYABLE TOQna Savizig fi5 9a-n.Agr`m - - TERM 18� A8�'s__-c
2b5 _I
INTEREST TO BE PAID AT. r'
291.1 CALENDAR CALENDAR LI CALENDAR D MATURITY
MONTH END QUARTER END YEAR END (Terms t Year or less)
PAY INTEREST TO:
C C ,✓=.J,�p'•T=_2:,r,":%;:'*"1
CHECKINGL SAVINGS 'T.7 OTHER AUTH i ,ED SK?N ATUP.E
NUMBER
Acceptance of this time deposit receipt constitutes acceptance of the terms and conditions for tfiis time deposit described I , -:
in the publication you receive. This time deposit will be reinvested automatically for the same term upon maturity or on I
the daze you make a deposit or withdrawal (during the grace period).The interest rate will be the interest rate in effect on
the date your funds are reinvested
- - Bank of America NTfiSA Member FDIC
R-1629-83 NOT NEGOTIABLE - -
- - SEE IMPORTANT INFORMATION ON REVERSE -
s° =
Bank of America Time Deposit Receipt
-BRANCH - Fillmore No 199 DATE 4-19-84
PURCHASED BY Ramona Savings & Loan-E.�ssn - `h x ^_Y - - RAT'E 10.125
e
- .. -- CUN 63 775 0
CAM . - . 4 0
Ramona Saviz s &LDaT Assn. TERM_ 2$0 da s
PAYA64 TO. -
__ .� ��
Ae
E INTEREST TO BE PAID AT
9XCALENDAR ❑ CALENDAR CALENDAR 0 MATURITY
MONTH END QUARTER END YEAR END (Terms 1 Year of lessl r'
_PAY INTEREST TO:
{,`• �I XI
L CHECKING SAVINGS AUTNORIZEp SIGNATURE I
- - - - NUMBER
Acceptance of this time deposit receipt const?iutes acceptance of the terms and conditions far this time deposit described
in the publication you receive. This time deposit will be reinvested automatically ,or the same term upon maturity or on f
the date you make a deposit or withdrawal(during the grace period).The interest rate will be the interest rate in effect on
the date your funds are reinvested
9-b3 Bank of A. en a NT&SA
R 162 M FDIC
SEE IMPORTANT INFORMATION ON REVERSE NOT NEGOTIABLE
EM
an4coft�merica Time Deposit Receipt
yc 199 DATE 4 19- 84
_ -_ Fillmore _ - -, - RATE -9.250/
ED BY -Ramona-Savings & Doan .Ash -:'�` i `. . =AOULT -3 700 00Ramona`Savi*_t `5:'& L'oan'Assn TO - , _.,, .,, UNT TO BE PAID AA7 nn-❑ CALENDAR 0 CALENDAR L MATURITY
ENDAR YEAR END (Terms 1 Year or less)NTH END QUARTER END_ EREST TO rr`` �qr�N, C�0. : . - Ei.KiNG LJ SAVINGS •C�OTHERNUMBER eptance of this time deposit receipt constitutes acceptance of the terms and conditions for this time deposit described
he once oft hi you .d ewe.This time deposit will 4e reinvested automatically for the same term upon matunty or on
date you make a deposit or withdrawal (during the grace periodl.The interest rate will he the interest rate in effect onMemhel FDIC
date your funds are relvested. ea�k of NOT NEGOTIABLE
Rn62 aas SEE IMPORTANT INFORMATION ON REVERSE