1999-0426_COTTI FOODS CORPORATION_Deposit Release n
32400 PASEO ADELANTO ;; MEMBERS OF THE CITY COUNCIL
SAN JUAN CAPISTRANO, CA 92675 '0" COLLENE CAMPBELL
JOHN GREINER
(949) 493-1171 Ina►uttu WYATT HART
(949) 493-1053 (FAX) GIL JONES
1776 DAVID M.SWERDLIN
April 30, 1999 CITY MANAGER
GEORGE SCARBOROUGH
Mr. Stephen M. Dees
Cotti Foods Corporation
25 Mauchly, Suite 321
Irvine, California 92618
Re: Release of Certificate of Deposit (Water Facility Improvements -
Cotti Foods Corporation)
Dear Mr. Dees:
Enclosed please find Certificate of Deposit No. 14576-00049, issued by the Bank of America in the
amount of$17,700. Said Certificate of Deposit was given to the City of San Juan Capistrano and
the Capistrano Valley Water District as security for water facility improvements on property located
at 31771 Del Obispo Street (Taco Bell), San Juan Capistrano. Work has been completed to the
satisfaction of the City of San Juan Capistrano and the Water District and the Certificate of Deposit
is hereby released.
If you have any questions, please do not hesitate to call.
Very truly yours,
Cheryl Johnson
City Clerk
Enclosure
cc: William Huber, Director of Engineering and Building
Craig Harris, Assistant Engineer
Bank of America
This is to acknowledge that I have received Certificate of De . sit No. 14576-00049 in the amount
of$17,700, this 49 day of � /C ZDees,tephenM.
Senior Vice President, Operations oauausE
Cotti Foods Corporation Is
Sun Juan Capisti-cino: Preserving the Past to Enhance the Future
y
eankofAmereca Investment CD Receipt
BRANCH LONG.BEACH COMMERCIALBANKING No. 1457tiara JANUARY 30, 1998 tt
PURCHASED BY_CMI EDODS CORPORATION
: INTEREST RATE *4.50%
ANNUAL PERCENTAGEYIELD *4.60% {
{
[7WAYABLE
RBDNQINo PURPOSES oNur $AMOUNT 117 700.00 To CITY`OF SAN IN' CAPISTRANO (CITY) AND '
ACCOUNT TERM 091'-DAYS
JT� MATURITY DATE May 01, 1998
ACCOUNT# 14576--00049
DRRED SIO RE
e on(s) u receive contains the terms and conditions of this account.This time deposit will.be reinvested automatically for.the
1
's me unt pon maturity or on the effective date of a deposit or withdrawal made during the grace period.(The grace period begins a
on a maturity date and is two business days for terms of 29 days or less;five calendar days for terms of 30 days through 89 days;ten calendar
days for terms of 90 days or more.)The new interest rate will be the interest rate in effect for the amount and term of your account on the
date your funds are reinvested.
If you withdraw all or part of your deposit before it matures an early withdrawal penalty will be imposed.A personal time deposit isnot transferable.
Please review your statement to determine the status of your account.
i R•162 7-93 (Repent 5.96) NOT NEGOTIABLE Ln�P Bank o1 America NTBSA Mom ber FDIC
11
CUSTOMER NAME--_ -- _. ACCOUNT k--- -- -- _ _ p
Pay to the order of Cotti Foods without recourse MArURITY DATE
___._
City of San Juan Capistrano/Capistrano Valley Water District By 3
Cynt a L. Russell, City Treasurer/
ADDITIONAL INTEREST RATE/ BRANCH INTEREST
DATE DEPOSIT AMOUNT ANNUAL PERCENTAGE INITIALS DATE ADDITIONAL ANNUAL PERCENTAGE INITIALS F
YIELD DEPOSIT AMOUNT YIELD s
i
f
t i }