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HomeMy WebLinkAboutC88-122 amendment to assignment of prime money fund account with Western Savings and Loank'! d F C88- 122 -28 AMENDMENT TO ASSIGNMENT OF PRIME MONEY FUND ACCOUNT TO: Silverado Banking I THIS AMENDMENT is made and entered into as of the ,x day of t'�alaz2f, 1988, by and between Western Savings and Loan Association ( "WSL ") and the County of Eagle, State of Colorado, by and through its Board of County Commissioners (the "County "). RP.rTTAT,R A. WSL, as Assignor, and the County, as Assignee, are parties to a certain Assignment of Prime Money Fund Account dated August 27, 1987, as amended, whereby WSL assigned to the County an interest in WSL's Prime Money Fund Account No. 007 - 8604891 with or issued by Silverado Banking to the extent of the principal amount of $120,000.00, excluding all interest due or to become due in the future on the principal amount, which Assignment was given to secure to the County WSL's faithful performance of its obligations under an Improvements Agreement between the parties dated July 20, 1987; and B. WSL has completed all of the improvements, and thereby has performed its obligations to the County under the Improvements Agreement; and C. WSL and the County wish to amend the terms of the Assignment of Prime Money Fund Account. follows: NOW, THEREFORE, WSL and the County hereby agree as 1. The principal amount of the funds on deposit at or with Silverado Banking in Prime Money Fund Account No. 007 - 8604891 shall be reduced to $12,000.00. 2. The conditions, terms and provisions of the Assignment of Prime Money Fund Account shall remain in full force and effect except'as amended hereby. CJ 3. This Amendment shall be binding upon and shall inure to the benefit of the parties hereto and their respective successors and assigns. County Commissioners ATTEST: COUNTY OF EAGLE, STATE OF COLORADO, by and through its BOARD OF COUNTY COMMISSIONERS Ole Georgtes, Chairman WESTERN SAVINGS AND LOAN ASSOCIATION By: --- -- Secretary David M. Kotin Assistant Vice President STATE OF ARIZONA ) ) ss. COUNTY OF MARICOPA ) .10" The foregoing instrument was acknowledged before me this i day of \'_;: y..-l.-- � -',,,,, 1988 by David M. Kotin, as Assistant Vice President of western Savings and Loan Association. Witness my hand and official seal. My commission expires: 1 Notary Pub }1,i`c t_ ; My CV���rilI IGf1 pi�� S— 19, 1992 -2-