HomeMy WebLinkAbout1993-008
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
~
"
1
RESOLUTION NO. 93-8
2 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
EXECUTION OF AN AGREEMENT WITH WAYNE SEMINOFF CO. AND THE
3 EXECUTION OF A LIMITED POWER OF ATTORNEY BOTH RELATING TO THE
RECOVERY OF CERTAIN UNCLAIMED FUNDS IN THE AMOUNT OF $1,050.11.
BE IT RESOLVED BY THE MAYOR AND COMMON COUNCIL OF THE CITY
OF SAN BERNARDINO AS FOLLOWS:
SECTION 1. The Mayor is hereby authorized and directed to
execute on behalf of said City an Agreement with Wayne Seminoff
Co. relating to the recovery of certain unclaimed funds in the
amount of $1,050.11, a copy of said agreement is attached hereto,
marked Exhibit "A" and incorporated herein by reference as fully
as though set forth in length.
SECTION 2.
The authorization to execute the above
referenced agreement is rescinded if the parties to the agreement
fail to execute it within sixty (60) days of the passage of this
resolution.
SECTION 3. The Mayor is hereby also authorized and directed
to execute on behalf of said City, a Limited Power of Attorney
also relating to the recovery of said funds, a copy of said
Limited Power Of Attorney is attacl:ed hereto, marked Exhibit "B"
and incorporated herein by reference as fully as though set forth
at length.
I I I
I I I
I I I
I I I
I I I
I I I
DAB: kfm I SAUNDERS ,RESJ
January 7, 1993
RES 93-8
1 RESOLUTION OF THE CITY OF SAN BERNARDINO AUTHORIZING THE
EXECUTION OF AN AGREEMENT WITH WAYNE SEMINOFF CO. AND THE
2 EXECUTION OF A LIMITED POWER OF ATTORNEY BOTH RELATING TO THE
RECOVERY OF CERTAIN UNCLAIMED FUNDS IN THE AMOUNT OF $1,050.11.
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
I HEREBY CERTIFY that the foregoing resolution was duly
adopted by the Mayor and Common Council of the City of San
Bernardino at a
rogll1::l.'Y"
meeting thereof, held on the 11th
day of
January
, 1993, by the following vote, to wit:
Council Members: AYES NAYS ABSTAIN ABSENT
ESTRADA x
REILLY x
HERNANDEZ x
MAUDSLEY x
MINOR y
POPE-LUDLAM x
MILLER x
Cic&~ ~
resolution is hereby approved ~'\~day
, 1993. ,---7
// -' /~/7
//:;, ,/ ',/
//.-<' /'
""w. Jt'; Ho comb, Mayor
~ity of San Bernardino
\. The foregoing
of S;:J ~~\.."~b-..\
\
-----------
....~---
Approved as to
form and legal content:
JAMES F. PENMAN,
City Attorney
B~<-~ )
DAB: kfm [SAUNDERS ,RES]
-2-
January 7. 1993
Res, 93-8
LIMITED POWER OF ATTORNEY
KNOW AU MEN BY THESE PRESENTS, That I, City of San Bernardino have made, constituted and
appointed and by these presents do make, constitute and appoint
Wayne Seminoff Company
my true and lawful attorney.for me and in my name, place and stead and for my use and benefit,
o NL Y to collect and disburse abandoned funds, or undistributed,
unclaimed, or undelivered tenders or funds:
in the amount of
$1050.11
giving and granting unto my said attorney full power and authority to do and perform all and every act and
thing whatsoever requisite and necessary to be done, as fully, to all intents and purposes, as I might or could do
if personally present, hereby ratifying and confirming all that my said attorney shall lawfully do or cause to be
done, by virtue hereof
In construing this instrument, and where t}le context so requires, the singular includes the plural,
/
,19_
~'
Tax 10:
95-6000772
NOTARY SECTION
State of &'/;;';Qfitl County of. JiUJ BI?A,>'l(J,.dt,;. )SS,
Dated: Ja/)ildn{ /r, 19 q 3
I
Personally appeared before me the above named 4', /?, .&.6" 1/./t:.nnJ,
and acknowledged the foregoing instrument to be
a...
TITLE: /-'7a~
voluntary act an deed,
,1
Before Me:
Notary Public for the State of:
My Commission expires: tYUl
~
~eL
OFF! elAL SEAL
MARGIE VANCE
,Nc:rr,RY PUBLIC. CALIFORNIA
SAN BERNARDINO COUNTY
Mv Ccmm. Explrlls Feb 10.1995
.,
/i1 /"195
(Official Seal)
PLACE CORPORATE SEAL HERE (0< if unavailable sig"
Affidavit below)
T, C ~
]
j
San l)crnardino
W, R, "Bob" HOLCOMB
MAYOI!:
AFFIDAVIT
Affiant sayeth that: The Corporate Seal for this corporation is no longer
available.
Signed: Date
As Notarized above
CITY HALL
300 NORTH '0' STREET, SAN BERNARDINO, CALIFORNIA 92418
714/384.5133 . FAX (714) 384-5461
Res. 93-8
A G R E E MEN T
THIS AGREEMENT made and entered into this ~~1Il day of
~A~VAA1 ,1993, by and between the Wayne Seminoff Company
of 14400 Bel-Red Road, Suite 207, Be11evue, Washington 98007
(Company), and the City of San Bernardino, a Charter City of the
State of California, 300 North D Street, San Bernardino, California
92418 (City):
The parties hereto agree as follows:
1. In consideration of Company's successful efforts to
identify dormant assets in the amount of $1,050.11 to which City
may be entitled, and Company's promise to direct City's claim for
such funds into proper channels, City assigns to Company fifty
percent (50%) of the total collection.
2. City will cooperate by executing documents to complete
the claim.
3.
City.
Unless a collection is made there will be no charge to
4. If City is actively trying to collect the funds already,
then no fee will be charged. Documentation of recovery attempt
dated prior to this Agreement must be provided to Company.
5. All recovery costs incurred will be paid by Company and
no such costs shall be paid by City. City shall receive fifty
percent (50%) of such funds recovered without reduction or off-set.
IN WITNESS WHEREOF the parties hereto have executed this
Agreement on the day and date first above shown.
By
?
By
~/
AttestD ,,/l. Ii..
By M~~
"-
APPROVED AS TO FORM AND LEGAL CONTENT:
JAMES F. PENMAN
::t~ )
./