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HomeMy WebLinkAboutContracts & Agreements_16-2011March 2, 2011 Lillian Hernandez San Bernardino Valley Municipal Water District 380 East Vanderbilt Way San Bernardino, CA 92408 Subject; Stock Purchase Option Agreement Shares Lease Agreement Dear Ms. Hernandez, On March 1, 2011, the City Council approved the subject agreements which are also signed and attested by Mayor and City Clerk. Please sign both and return only 1 of each to the City Clerk's office as addressed on the pink notes attached. If you have any questions, or I can be of further assistance, please do not hesitate to contact our office. Sincerely, v `V ja a eathers Senior Administrative Assistant Municipal Utilities & Engineering Department "Preserving the Past, Protecting the Future" P.O. BOX 3005 REDLANDS, CA 92373 Zk kv R�.vac:d Nl, , April 20, 2011 Attn: Lillian San Bernardino Valley Municipal Water District P.O. Box 5906 San Bernardino, CA 92412-5906 Subject: Checks for Purchased Water Shares and Leased Water Shares Lillian, On March 1., 2011, the Redlands City Council approved the purchase and lease of Bear Valley Mutual Water Company water stock from your organization. Per the signed and attested agreements, I am enclosing checks for the purchase and lease related to the 10,000 shares. Should you have any questions regarding the information provided, please contact me at (909) 798-7658. Sincerely, 3hde Weathers Senior Administrative Assistant Municipal Utilities & Engineering Department cc: Chris Diggs, Assistant Utilities Director Patty Baker, Senior Administrative Analyst (for file) . "Preserving the Past, Protecting the Future" P.O. BOX 3005 REDLANDS, CA 92373 RQiIp,Avd Vqhx a co "d 0 13.2294 1 PP.. VIN.......Y.N.-P jp$kyABLJE V fjEM' 'N, pfc late 04/14/11 .M. T.. :Np 'r CAS HEDW-THIN $IX M014THS Ng a- , I'A, 36 & T, 118I12294110 CULL4L8221: 7313011100967115 04/07/111 0414029 f 1 304,000.00 jPurchase Water Shares CITY OF REDLANDS - VENDOR AOCTNO. .. CHECK DATE CHECK TOTAL VENDOR NO. CHECK 04/14/11 304,000.00 Va0a00094 112294 of V.11 0 .11.19 p a IIMO 112295 o' N "I" MP 04/14/11 AYTHISAMOUNT S, NOT CASHED %MTHIN SIX MQNTHS fif U # tifo KE TMAft AA- MADIT4 Alfl;kQ q 111IL229511% 1:12ILLW221: 7-11511,0100567,10 04/07/111 0414030 1 1 28,000.001 Purchased Water CITY OF REDLANDS VENDORACOT NO, CHECK DATE -��CHECKTOTAL VENDOR NO. CHECK NO �04/14/11 28,000.0 01 00094 112295 _:.,...� �. m .. . C;ONDiITIQ�?.WRESPEGTINC REGISTERED—ASSIGi+1MEl+f?.i ILL € SaE 3Y EGIS EIiE IlO.LDER:i7R t3llff'N.ER 140LDE0 AND Pl iERGEE� IPANY PLE®GiE „ =t B E' A%4RED The,reglstersd holderr(amedherelrf,sfiali he deemed, `. uersfgited.here4y,.a sus to. Theh s az,regardathe corporation [ts.sharehakle err as such shall represent said shares and oxerc?se alI r[g tis, vote, cpnsenfand asses1 in iespect.tharsaf, and demand and ieceweall water allotted thereto, and'bepg[eonally liaiile to the corporation 'for all toll[$, wafer charges, and ; (called " P)edgee''j, in pledge and.-p6t absoldtely,afl assessments_ sharesrepresented by the wr#hini tt[flcat�, and directs said Cor oration to to estet said shares upnp 71�g rights and interest of the registered holder..(and at any -successor or person appe�,ring by,the certsiicate the title to said �J� �j ��,s &ar aHey Wtual its booksiiittbe name of tFie ndur rsign as registered Bolder; and.said pledgee, as pledgee-. ' to be the owner of Said: hares),, and, sli'ares may be transferred ypoq the books a the cor- , porat[on, and anew cerhf!cats lssued (upon surrender it hereef),:subject to and showing said pledge, wlthaut the, «atexCompany act'mdnsent or endorsement of the p(edgea.. If thwaddress o€the pledgee pears on the books of the corporat[op>�ll not #sae lbe oorporation, sel&orforfeit shareSTe �iaenced b f the ty"thln Certlf'scate fot ilOtt- ,� AFITiCLE II. BY•LAws QFOEA ft VALLEY MUTltA>" W flage§tered Holder or Qwnei ttpayment4f ar#assessment-pil(ess:a# leasi ten days pr(or fc such sale or forfe turethere [s m lifiad to tha pledgee - .co. USE:17F WATER Witpesp' at .giaid address of t1h e5 pladgee or in heu tbeimof, da vered`to thwpledgea, a copy of the: nottce,of;asssss Q:i account.03 the ever: present danger of con- tamination of'of the rrbMpafly aiwatersupply; due •tiienj given.vdth respect Id such assessment, or in iisu o€ such ob " an n" ' $ the fact�ofth2 assess, py, y otice tatm to our Watershed be4n� umed by a large number of residence arld,recreatiars, and sanitary rrtent andtha time and p[acefor thesale or iorfeiture.of deirnquei t shares. peoplefo7 condit(ortSiriKhe Fatest0eserveand'oruprivate pre pextyin the'watershad notbeing underburDoontrol;, FULL Where. SE ( PL G£��Ri.GfiTS. {Vlfhere.pebt is P,aid ar Satrsfied) The pledges�shall not be q sonally liabieforlhe pay- meni of to l ls, water charga�s ar assessarents,. ti nlesa pay- Mar"mord of iSterevy render€n g the domestiatuss of such grater dangeta.,usto health etas herebydaclared:that none ndersigned ,hereby releases from pledge all The lu , shares rep€seen#ed by the within CerYrficafe, acid relin- ereof has be ,assumed ar guarartteed"by t pledgee,drwatershalabedeiivereduponortti:theorder ofthewater.�now:orliereaftgrsgpplieda#any. time quNhesaitgfthep(edge�'sintersstfandiights"therein: of the pledgee. The interest and rights ofth4ledgee„as such, in said b0he,tr.e<company is intended tobe-furnished or used for hum consuntpfion or f©.d esist stock The company warnS'ajl its stock- Dated x_- *harp.s=may be transferred on the booksof tbe'ao PQ.M Ylow a 4 . ( arrenderherso l poses,,!and ding such holders and 3kafe,r oirli5ttsrYers against us waterer P 09Mpany ofo showind the hew d eeswite(7out he r g g t consent or endorsement of the rgglstered. holder' or of anyone ap- ._p : w no raesti[stbili the assOm P tY quality o p rit . of,apywateratapy-liime supplledkbyit.andany.pe Bred ee pearirig'by shares'. sarr consumjng. or<u�npg any Water for, wndst[c purpos$s does so affl[s own r(sX Witness., ABSOLUTE ASSIGNMENT BY. REGISTERED FIt9LDER -¢ g re igrs]%k F.ClR VALUE, Cf;e uftders ned ha by eels ass _ ..: and fiaSsfers to FGFi ASSIGNIU�NT, EW PLEDGEE OF PLEDGEOS RIGkTS (1$h. erg Datii is TYansferre the aside.$}fined hereby assgr?e to SO` shares represented bythe.withirt iper[ificate, and appoints the Seore?ay,of as Pledgee, Sall serest and rtg�nt oy the :undersigrlad toe within named Eorporatian,:or and officer or person ISSUED Tfi3 in the shares rapreseitted by the within Certi€icate, designated by the Corporat'son fer such purpose; to to a hgrw#th the detjt or liability secuted thereby_. fransfersaid$hates on the books of said Corgaration.. Dated oatedr Registered Bolder Pledgee ra. RATE . fines$:_