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HomeMy WebLinkAboutC97-218 Western Slope UtilitiesFORM TO sir usr» C97 218 5 1 ASSIGNMENT OF CERTIFICATE OF DEPOSIT 'WESTERN SLOPE UTILITIES to Eagle County TO:? For valuable consideration, receipt of which is hereby acknowledged, Western Slope hereby assigns to the County of Eagle, State of Colorado, an interest Certificate of Deposit No. C Mh 0[¢ to the extent ; of $62 ($ �) , excluding all .interest now due or to become due onst-he,:assignid amount. -This assignment is given as security for the warranty period for improvements completed under Road Cut Permit No. ,2413,E This Assignment shall be a continuing assignment and shall remain effective until the Board of County Commissioners, by written resolution, authorizes the release of the security. Eagle County may authorize a reduction in the security represented by this Assignment, by written resolution. Western Slope hereby authorizes Eagle County to demand and collect all or any portion of the deposit to the extent of the assigned amount in accordance with this Assignment, and to issue a receipt for any sums receiveherefrom. -Western Slope hereby directs a��ay to the County, its legal representative, succes ors or assigns, upon written demand, the amount so demanded, to the extent of the assigned amount. This Assignment shall neither be amended nor terminated without the consent of all signatories hereto, which shall be in writing. DONE this Pday of 1997, WESTERN SLOPE UTILITIES By: Name : —j,f4,r, Jp�r,5av\ Title STATE OF COLORADO ) ss. COUNTY OF The foregoing was acknowledged before me this � day of 1997 byas �� Z� Y�..aDv-ti of'Western Slope Utilit4ies. WITNESS my hand ficial seal. My commissio ares z h( SUSAN M' � gTIILWEII OF •E�otary Public APPROVED: On behalf of ON approve the conditions set forth in this Assignment ofOCertificate of Deposit, and agree that the Assignment shall not be terminated without the written authorization of the Board of County Commissioners of Eagle County, Colorado. DONE this day of1997. �A STATE OF COLORADO ) ss. COUNTY OF ' StA rnmf r- ) t: r''' < The foregoing was acknowledged before me this 8M day of 51 r, by EI G •TPAL6fN as eer.6l06& WITNESS my hand and official seal. My commission expires G ' '' ••.181. •' NotaPublic r APPROVED: I COUNTY OF EAGLE, STATE OF COLORADO i By and T:nroUgh it's BOARD OF COUNTY COMMISSIONERS • AC.1 Clerk to th Board of U' County Commissioners y� Date: FORMS\assign.cd COLOR A�� 0 13 Date Opened 8-8-97 _ Term:( 24mos Certificate of Deposit Tax 84-0903827 Number: 0100000742 Account Number: Amount of �� ZC7 If 11m (lmn: ruin, ,1111, Deposit: I IIN„l •Luu i,. I' • � �,� Ifll IIIIt nnun .nu+m n.mnr,r• $ This Time Deposit is Issued to: Issuer: 2,000.00 xr: - Western Slope Uti-lities, Inc. 4 PO BOX 2098~' Breckenridge, Co 80424 Com numty First 's n Not Negotiable - Not Transferable - Additional terms are below. R LBy Additional Terms and Disclosures This form contains the terms for your time deposit. It is also the Truth -in - Savings disclosure for those depositors entitled to one. There are additional terms and disclosures on page two of this form, some of which explain or expand on those below. You should keep one copy of this form. Maturity Date: This account matures 8-8-99 (See below for renewal information.) Rate Information: The interest rate for this account is 5.60 % with an annual percentage yield of 5.60 %. This rate will be paid until the maturity date specified above. Interest begins to accrue on the business day you deposit any noncash item (for example, a check). Interest will be compounded Annually and/or at maturity. Interest will be credited Annually and/or at amturity ® The annual percentage yield assumes that interest remains on deposit until maturity. A withdrawal of interest will reduce earnings. ® If you close your account before interest is credited, you will not receive the accrued interest. r The NUMBER OF ENDORSEMENTS needed for withdrawal or any other purpose is: one ACCOUNT OWNERSHIP: (select one and initial) ❑ Single Party Account ❑ Multiple Party Account ❑ Trust - Separa ement dated: K] Corporate Rights at Death: (seitlt one and initial) ❑ Single Party Account ❑ Multiple Party Account with Right of Survivorship ❑ Multiple Party Account without Right of Survivorship ❑ Single Party Account with Pay on Death ❑ Multiple Party Account with Right, of Survivorship and Pay on Death Pay On Death Beneficiaries: To add Pay On Death Beneficiaries' name one or more: C 1993 Bankers Systems, Inc., St. Cloud, MN (1-800-397-2341) Forth CD -AA -CO (1) 4/11196 Minimum Balance Requirement: You must make a minimum deposit to open this account of $ 1, 000.00 2Q You must maintain this minimum balance on a daily basis to earn the annual percentage yield disclosed. Withdrawals of Interest: Interest ® accrued ❑ credited during a term can be withdrawn: at maturity Early Withdrawal Penalty: If we consent to a request for a withdrawal that is otherwise not permitted you may have to pay a penalty. The penalty will be an amount equal to: 90 days of intPrPst interest on the amount withdrawn. Renewal Policy: ® Single Maturity: If checked, this account will not automatically renew. Interest E will ❑ will not accrue after maturity. ® Automatic Renewal: If checked, this account will automatically renew on the maturity date. (see page two for terms) Interest ® will ❑ will not accrue after final maturity. TIN: 84-0903827 Social Security or Employer's I.D. Number: A correct taxpayer identification number is required for almost every type of account. A certification of this number is also required and is contained on therfirsncoDv of this certificate. Backup Withholding - A certification that you are not subject to backup withholding is necessary for almost all accounts (except for persons who are exempt altogether). This certification is contained on the first copy of this form. Failure to provide this certification when required will cause us to withhold 31% of the interest earned (for payment to the IRS). Providing a false certification can result in serious federal penalties. ENDORSEMENTS - SIGN ONLY WHEN YOU REQUEST WITHDRAWAL X X X READ PAGE TWO FOR ADDITIONAL TERMS (page 1 of 2i