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HomeMy WebLinkAboutUNITED STATES ESCROW, INC. - 1985-08-06 e a REQUE.0 FOR CITY COUNCOACTION Date November 2, 1987 Scbmitted to: Honorable Mayor and City Council Members Submitted by: PaulCook, Sterim City Administrators . - Prepared by: Do u as p Belle, Deputy City Administrator/Co;r� . inity Develop- , ment � Subject: FIR ENDMENT TO SERVICE AGP,EEAENi BETWEEN THE CITY 0 e HUNTINGTON BEACH AND UNITED STATES ESCROW, INC. �,LP 0-1 Consistent with Council Policy? Yes [ j New Policy or Exception Statement of issue, Recommendation,Analysis,Futrdiny Source,Alternative Artions,Attachwents:r STATEMENT OF ISSUE: The City of Huntington Beach entered into an Agreement with United States Escrow (U.s.' . ) on August 6, 1985. to assist -n the Administration of Rental Rehabil_cation Program Loans. This First Amendment continues this Agreement for one year and every year thereafter, unless terminated kily either party by giving a sixty (60) day written notice. RECOMMENDATION: Approve the. First Amendment to the Service Agreement between United States Escrow and the City of Huntington Beach. ANALYSIS: Since the inception of the feder311y funded Rental Rehabilit<.tion Program, United States Escrow has provided the City with a high 4uali_ty of sr;=rvices. These services cone at no cost to the City and are charged to the individual. loan. The services include coordinating with Washington J.C. fcr wire trans- fer of funds into City escrow account. As the construction work progresses, Un-Lcad States Escrow, upon, proper autnor. zation, releases funds united States Escrow is .recommended ry the Federal Department of Housing & Urban Development for providing these services. As a result of staff and United States Escrow coordination, the City has beerL recognized and rewarded for outstanding operation of the Rental Rehabilication Program. FUNDING SOURCE: Federal Rental Reiabilitation Grant Funds for Fiscal Year 1987-88. ALTERNATIVE ACTION. Do not approve the First Amendment to the Ser ice Agreement. y ATTACHMENTS: Original Agreement & First Amendment to S�zvice Xtgreement between the City of Huntington Beach and United States Escrow, Inc. P7_C/DL)3/EN:;sde 6V D FIO S/85 �.S adds. l CITY OF N4;N:INGTUN BEAfi:k `"antra City Attorney •;y RMUEST FAIR LEGAL SERVICES canary city fink City Administrator Goldenrod Departmental HUNnNCTON aEACii Kate Request 11 do By Department' 10-12-87 Rx is !Nicoll C"oxnntu4x8jZYUeveloPment INSTRUI-TtONS-file request In*9 Qty Attorney's Office as soon as possible.Print or type facts necessary for City Attorney.Out- line briefly rea-vais for the request.Attach all information and exhibits pertinent to the subject. 4Tyµe of Legal Service Requested- ( I Ordmair [ ] insurance [ l Other ( ] Resolu jinn { Bonds — Ixl Contract/Agreement [ 9 Opinion _ Alt exhibits must be attached,or this request aHill be returned to you, Pq Exhibits Attached n August of 1985, the city entered intz.) an agreement With United 'States Escrow to administer Federal Department of H.U.D. Rental Rehabilitation program loans. lt aas .been brought to our attention by H.U.D. that this contract has lapsed, and therefore, necessary to execute a first amendatent. The execution of thia amendment will bring the city into compliance with Federal Regulations. AGENDA DEADLINE. 10-26--87 COUNCIL VX,ETING EN:lp r � l � � C 2 '0 7 , l If for Council Action, If not for Cauncil action,des) d aympiet➢on date 3ipnature: Allandadeadine 1�__;€M26827 i. ?14 12r,0 CRINGE COUNTY HOUSING AUTHORITY 2043 North Broadway a Santa Ana. California 92706 s (714)836-3033 October 1 , 1987 Ms. Alicia M. Wentworth City Clerk City cf Huntington Beach 2G00 Main Street Huntington Beach, CA 92E48 SUBJECT: Memorandum of Understanding (MOIL) between the City of Huntington Beach and the Orange County Housing Authority for the Rental Rehabilitation Program. Dear 'Is. Wentworth: The Orange County Housing Authorit; (OCHA) received your letter of September 11 , 1987 along with the subject MOU for the Rental Rehabilitation Program. Unfortunately, t-Ie are unable to comply -,pith your request to sign the MOU because OCHA has not received the Section 8 Housing Voucher funding identified in the document. Upon receipt of your letter, Linda Nelson, Program Support Manager at OCHA, contacted the Department of Housing and Urban Development (HUD) to request the status of Housing Voucher funding for the Rental Rehabilitation Program. The response was inconclusive. On September 24, 1987, John Hambuch, Housing Manager contacted Eric Nicoll , Redevelopment Analyst at the City of Huntington Beach to inform you of these circumstances. Eric than investigated this matter with the Rehabilitation Management Specialist at HUD assigned to your city. On September 25, .987, Eric reported to John Hambuch that apparently HUD had given priority to other localities in providing Voucher funding for the Rental Rehabilitation Program and Voucher funding to supplement Huntington Beach rehabilitation ac,."vity could not be expected prior to January, 1988. Urun Eric's suggestion, we are therefore holding the MOU until funding is received from HUD. If you wish to discuss this matter or have any questions, please contact me at (714) 836-3002, or John Hambuch, (714) 83E-3057. Sincerely, Sandra J. McClymonds Executive Director cc: Eric Nicoll SJM:oH:bg CITY OF HUNTINGTON 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE CITY CLERK September 11, 1967 John Hambuch, Executive Director Orange County Housing Authority 2043 N. Broadway Santa Ana, CA 92706 TranSlr.tted herewith is the Memorandum of Understanding between the City of Huntington Beach and the Orange County Housing Authority for the Rental Rehabilitation Program. Please sign said memorandum and return it to us. We will then forward it to HUG' for their signature. Alicia M. Wentworth City Clerk AMW:CB;js tTalaFhom► 77�}-535.620! lung Agh MEMORANDUM OF UNDERSTANDING BETWEEN THE CITY OF HUNTINGTON BEACH AND THE ORANGE COUNTY HOUSING AUTHORITY FOR THE RENTAL REHABILITATION PROGRAM This Memorandum of Understanding is between the City of Huntington Beach (referred to in this N.zmorandum as the "Grantee"), the Orange County Housing Authority (referred to in this Memorandum as the "PHA") and the Secretary of Housing and Urban. Development (referred to in this memorar. 'm as the "Secretary"). This Memorandum sets forth the obligations of the parties in !ucting the Rental Rehabilitation Program (referred to in this Memorandum as the "Prograi-Wl) having the primary purposes described in the Notice entitled "Rental Rehabilitation Program; Interim Rule," published in Volume 49 of the Federal Register, on pages 16936-16957, on April 20, 1984, (referred to in this M•^morandum as the "Notice"). In consideration of their mutual promises, the parties agree as follows: 1. Compliance with Federal Register Notice. The Grantee ag:.- to carry out the Program in a manner which conforms wi the provisions of the Notice. Key among these are: a) To separate the public subsidies required to finance the rehabilitation from those provided to existing tenants; and b) To require neither direct nor indirect forms of the rental control, unless there exists a community-wide control ordinance. 2. Commitment and Use of Public Funds. During Federal Fiscal Year 1987, the Grantee agrees to enter into one or more legally binding commitments of public funds with one or more property owners to write down the cost of financing rehabilitation of property included in tte Program (as described in Paragraph 4 of this Memorandum). The total amount of public rehabilitation financing to be committed to property owners for the Program shall be $140,000, contingent upon HUD allocation of Rental Rehabilitation funds to Grantee. Where such public funds are zrom another Federal Program, including the CDBG Program, they shall be committed and used by the Grantee and the property owner in accordance with all requirements applicable to such program including 24 CFR requirements Fart 570 and applicable HUD Handbooks and Notices for the CDBG Program (hereafter referred to as "CDBG requirements"), as well as, any additional requirements of the Program, as set forth in the approved application and this Memorandum.: No waives of any CDBG requirement will be made in connection with the Program unless specifically approved in writing by the Assistant Secretary for Community Planning and Developments 3. Commitment and Use of Section 8 Funds. a) HUD has reserved $ (Contract Authority) for approximately 18 units to be assisted by the PHA under the Section 8 Existing Housing Program in connection with the Program. The Section 8 Existing Housing Funds reserved by HUD pursuant to Paragraph (a) above, shall be used by the PHA to minimize the displacement of families residing in projects to be rehabilitated with rental rehabilitation grants, to assist families who move from projects undergoing assisted rehabilitation activities, and to assist families who move into assisted projects after rehabilitation. In accordance with HUD requirements, PHA may issue vouchers and certificates to families residing in projects to be rehabilitated and to families selected from the PHA's waiting list for the Section & Existing Housing Program which agree to move into a project rehabilitated under the "rogram. c) The Section 8 Existing Housing Assistance shall be administered b,, the PHA in compliance with all applicable regulations snd requirements. 4. Proper y Included in the Program: Agreement with Property Owners. The Grantee may include a property in the Program if it requires rehabilitation, is located in one of the Program's target neighborhoods, contains one or more rental dwelling units and will be rehabilitated using financing from a public source (such as CDBG or general revenues) in combination with private rehabilitation financing (including the proceeds of any state or locally issued tax-exempt bonds). The property applicaTion will be processed and administered in accordance with Program guidelines. In addition, the Grantee shall include, in any binding legal commitment of CDl3G or other public rehabilitation financing for property, a written agreement by the owner. 5. Anti-Displacement/Relocation Strategy. The Grantee agrees to develop and implement an Anti-Displacement/Relocation strategy pursuant to the Notice. 6. Information. The Grantee agrees to provide the Secretary with any data, information, or assistance that the Secretary deems necessary to allow t :e Secretary to monitor and evaluate. the Program, including information regarding rehabilitation financing and any relocation (permanerst or temporary) of tenants who occupied the building prior to rehabilitation and the specific relocation measures used in each case. Ah 7. Technical Assistance. The Secretary agrees to provide to the Grantee, without charge, technical assistance to assist in designing an effective Rental Rehabilitation Program in connection with This Program, to the extent that the Secretary determines feasible within statutory and budgetary limitations. 8. Interim Use of Section 8 Certificates and Vouchers. WHEREAS, in the interest of utilizing Section 8 Certificates and Housing Vouchers to the fullest extent possible to assist low-income families, the PHA may use their special allocation of Certificates and Housing Vouchers in support of the Rental Rehabilitation Program for families on the PHA waiting list under the regular "Finders-Keepers" grogram on an interim use basis, until needed in support of the rehabilitation program;and WHEREAS, the PHA will hold five percent (5%) of the Housing Vouchers funded as a reserve and anticipates turnover of Housing Vouchers and experiences a consistent turnover rate of 50 to 100 "Finders-Keepers" Certificates per month, whic' should provide ample latitude to meet the needs of the rehabilitation agency. NOW, THEREFORE, IT IS AGREED BETWEEN THE PARTIES AS FOLLOWS, a.) The PHA shall utilize their special allocation of Certificates and Housing Vouchers in support of the Rental Rehabilitation Program for families on the PHA waiting list under the regular "Finders-Keepers" program on an interim use basis, until needed in support of the rehabilitation program. b.) The FHA shall replace Certificates or Housing Vouchers needed in support of the rehabilitation program with reserve or turnover Certificates or Housing Vouchers from allocations in the regular "Finders-Keepers" program. c.) This interim use provision shall apply through the implementation of the Rental Rehabilitation Program leasing schedule until the PHA and the Grantee agree that adequate Certificate and Housing Voucher funding has been used for Rental Rehabilitation projects. At such time, the Grantee will supply a statement allowing the PHA to request HUD's permhsion to release any remaining Certificate and Housing Voucher funding authority for families on the PHA'= waiting list. d.; The PHA shall monitor the member of reserve and turnover Certificates anJ Housing Vouchers within the "Finders-Keepers" program to insure an adequate turnover rate to provide the Certificates and Housing Vouchers needed in support of the rwt.abilitation program. The PHA shall utilize monthly leasing reports ' and weekly status reports showing the number of available Certificates and Housing Vouchers to verify c,rrrent availability. e.) The Grantee shall provide a minimum of sixty (60) days advance written referral notice to the PHA prior to the proposed date of Certificate or Housing Voucher issuance pursuant to this agreement. The notice shall specify the family type and bedroom size of the Certificate or Housing Voucher needed. f.) All notices pursuant to this agreement shall be addressed to the following: PHA: Grantee: Orange County Housing Authority City of Huntington Beach 2043 North Broadway 2000 Main Street Santa Ana, CA 92706 Huntington Beach, CA 92648 Attenticl: Executive Director Attn: Housing Redevelopment ATTEST: RUC1A M. WENTWORTR CRY CLERK �� � City Clerk APPROVED AS TO FORM: ORANGE COUNTY HOUSING AUTHORITY (Public Housing Agency) t City Attorney ; Executive Director THE SECRETARY OF HOUSING AND URBAN DEVELOPMENT !~ Area Manager CITY OF HUNTI;`IGTON BEACH (Administer' g Agency) City Adm'!n trator 0!062 1: Fr ' ACTION 1EQUE FOR CITY COUNA s' 12H 87-65 Date _ August 28, 1987 Submitted to: Honorable Mayor and City Council Member Submitted by: Charles W. Thompson, City Administra r Prepared by: Douglas N. L.a Belle,Deputy City Administrator/Community Developmen ORANGE COUNTY HOUSING AUTHORITY/U. S. HUD-MEMOR 1 Subject: UNDERSTANDING FOR THE FOURTH R 6v_ - RVNTAAL REHABILITATION PROGRAM Consistent with Council Policy? Yes [ ) New Policy or Exception .;/ CITY G Y Statement of issue, Recommendation,Analysis, Funding Source,Alternative Rctions,Attachments: STATEMENT OF ISSUE: As part of the City's participation in HUD's Rental Rehabilitation Program, we are required to develop and execute a Memorandum of Understanding among the City, the Orange County Housing Authority, and HUD, This Memorandum sets forth the responsibilities of each party and the procedures to be followed in coordinating the use of authority for vouchers and certificates with rentai rehabilitation grant amounts in accordance with HUD requirements. RECOMMENDATION; Approve and authorize the City Clerk to execute the Memorandum of Understanding with the Orange County Housing Authority/U. S. HUD. ANAL`r'SIS: In July of 1984, the City was selected to be a participant in HUD's Rental Rehabilitation Program. The grogram has been administered in three previous phases. The first round, the City was awarded $109,500, The second round of the program the City received $104,000. The third round of the program the City received $50,000. Recentiy, staff has been notified of the City's participation in the fourth round of the program in the amount of $140,000. Rental Rehabilitation is a cooperative effort of the City of Huntington Beach, Orange County Housing Authority, and U. S. Department of HUD. Designed specifically for lower-ircome neighborhoods, the Rental Rehabilitation Program entails a public-private s%.:bsidy approach for the rehabilitation of rental units. Investor owners match City rehabilitation funds and qualify lower-income 'tenants for a rental subsidy certificate or voucher issued through the Orange County Housing Authority. The pu.pose of the program is to increase the supply of private-market rental housing available to lower-income tenants by providing government funds to rehabilitate existing units and to provide rental as-istance to tower-income persons to help them afford the rent of the units. This would be accomplished in the form of Section 8 certificates and/or vouchers. No 5/>35 MOMMMMMMMMINI ;Z H 87-65 August 28, 1987 Page Two Staff has tcrgeted, specifically, the Oakview and Commodore Circle neighborhoods as the emphasis of the program; however, the program may be applied city-wide for eligible properties and tenants. HUD has reserved approximately IS units to be assisted by the Orange County Housing Authority under the Section 8 Existing Housing Program in connection with the Rental Rehabilitation Program. The --cached Memorandum of Understanding sets forth the obligation and procedures of the City, the Orange County Housing Authority, and HUD in coordinating the use of voucher/certificates for the Rental Rehabilitation Program in accordance with HUD requi remen+s. FUNDING SOURCE: U. S. Department of HUD Rental Rehabilitation Grant Program. ALTERNATIVE ACTIONS: Do not approve the Memorandum of Understanding with the Orange County Housing Authority and HUD. This would result in denying housing asslsta,lrce to low income families residing in rehabilitated units. ATTACHMENT: Memorandum of Understanding between the City of Huntington &--ach, Orange County Housing Authority, and HUD. CW T/DLB/EN:sar 1914r Auk row -- 8121 E.FLORENCEAVENUE• DOWNEY,CALIFORNIA 90240®(212)927.6686 December 1, 1987 Als. Alicia Wentworth, City Clerk City of Huntington Beach 2000 Main Strczt Huntington Beach, California 92E48 Dear Ms. Wentworth: Please find enclosed our agreement with the second officer signature. Also, i have enclosed a copy of our up to date insurance policy, i hope that these items will now enable you to execute the final agreement. if you should have any girestions or additional needs, please do not hesitate to contact me. Sincerely, xt ,,,4 ✓ �s Annette Zitani Program Coordinator cc: Eric Nicole, City of Huntington Beach LOSANGELES 0 CHICAGO a OAKLAND a 13ALT'IMORE 0 SAN DIEGO' CITY OF HUNTINGTON BEACH 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE C17Y CLI RK October 16, '1985 United States Escrow, Inc. 8121 Florence Avenue Downey, CA 90240 The City Council of the City of Huntington Beach at its August 6, 1985 meet4'ng approved a Service Agreement with your firm to administer H.U.D. Rental Rehabilitation Program Loans. Enclosed is a duly executed copy of said agreement together with a copy of the certificate of insurance which you submitted. Alicia M. Wentworth City Clerk AMW:CB:bt CC: Douglas La Belle, Deputy City Administrator Wayne Lees Finance Department (Telephone,71"36.6227I y RE U! r FOR CITY COUNA ACTION RH 85-36 Date July 24, 1985 Honorable Mayor and City Council Members .+ Submitted to: --1 n1,� Gn�, Submitted by: Charles W. Thompson, City Administrator lit 1 G�ti' (" �,,.._ Prepared by: Douglas N. LaBelle, Deputy City Administrator/Redevel SERVICE AGREEMENT BETWEEN THE CITY OF RUN O Subject: AND UNITED STATES ESCROW, INC.. TO ADMiINISTE H.U.D. TAL� REHABILITATION PROGRAM LOAN Consistent with Council Policy? K Yes [ j New Policy or Exceptio Statement of Issue, Recommendation,Analysis, Funding Source,Alternative Ac ons,Attachments: j STATEMENT OF ISSUE: As part of the city's participation in the HUD's Rental Rehabilitation Program, we are reuired to perform numerous administrative tasks. To alleviate staff's administrative burden, it is proposed that the city enter into an agreement with United States Escrow to supervise and administer the program. RECOMMENDATION: Approve and authorize the City Clerk to execute the Service Agreement with United States Escrow, Inc. ANALYSIS: Attached you will find a Service Agreement between the city of Huntington Beach and United States Escrow, Inc. The purpose of said agreement is to provide for the administration of a portion of the HUD Rental Rehabilitation Program by United States Escrow, Inc. to alleviate the HCD staff administrative workload. Approximately $213,000 has been awarded to the city by HUD with the stipulation that none of the grant be used for administrative overhead costs. The grant will generate an anticipated twenty new loans to be processed by the Rehabilitation Administrator. By entering into an agreement with United States Escrow, Inc., HCD will be relieved of the need to increase staff to accommodate the additional workload. United States Escrow will provide the following services: 1. Cash management depository. 2. Account activation and fund disbursement. 3. Cash management compliance accounting. 4. Maintenance of permanent project files. 5. Computer accounting. 6. Monthly reconciliation services. In return for its service;;, United States Escrow will assess each loan recipient a fee of 01!4 of I percent of the loan amount per loan with a minimum of$225 and a maximum of $1,000. The city is not required to make any payments to U. S. Escrow. r , P10 4184 y RH 85-36 July 24, 1985 Page Two FUNDING SOURCE: No funds are required for this Service Agreement. ALTERNATIVE ACTIONS: Do not approve the Service Agreement with United States Escrow. ATTACHMENT: S arvice Agreement with United States Escrow. C W T/DLB/S A J:sar 1119h A ` I Liz 2000 MAIN STREET CALIFORNIA 92648 OFFICE OF THE CITY CLERK August 7, 1985 United States Escrow, Inc. 8121 E. Florence Avenue Downey, CA 90240 Attn: Gail Bloomingdale On August 6, 1985, the City Council of the City of Huntington Beach approved a Service Agreement with your firm to administer H.U.D Rental Rehabilitation Loans. The Agreement can be executed by the City when your insurance certi- ficate, including Liability, Worker's Compensation, Hold Harmless and Fidelity Bond hove been submitted and approved as to form by the a City Attorney. We understand that Certificate of Insurance forms have been provided to you. If you have any questions, please call Doug La Belle, Deputy City Aministrator, 714 - 536-5582. Alicia M. Wentworth City Clerk AM:CB:bt CC: Doug La Belle - Deputy City Administrator Susan Jones - Community Development Aide Mlaprone,71a-srs srr7i ow FIRST AKEW- iMENT TO THE SERVICE AGREE14ENT BETWEEN THE CITY OF HUNTINGTON BEACH AND UNITED STATES ErCRON, INC. TO ADMINISTER S.D.D. RENTAL REHABILITATION PROGRAM LOANS THIS FIRST AMENDMENT to Agreement dated August 6, 1985, is made and entered into by and between the City of Huntington Beach, a municipal corporation, hereinafter referred to as the City and United States Escrow, hereinafter referred to as the Contractor. W I T N E S S E T H WHEREAS, the City and Contractor have entered into an Agreement which authorized the Contractor to provide certain services; said Agreement dated August 6, 1985, which together with all Amendments thereto shall hereinafter be referred to as the Agreement; and WHEREAS, the City and the Contractor -._-e desiroas of amending the Agreement for the purpose of ta) termination of Agreement by sixty (60) days prior written notification by either the Contractor or City; ,and (b) the term of the Agree- ment shall continue for one year and every year thereafter, unless terminated; and WHEREAS, there will be no change in fees charged or services rendered; and WHEREAS, this Amendment is necet>, iry and proper to continue and/or complete certain activities authorized under this Agreement. NOW, THEREFORE, the City and Contractor agree that the Agreement be amended effective October 5, 1987 as follows: A M E N D M E N T Section A. Amend Section 13, Termination of Services, of the Agreement by deleting it in its entirely and substituting therefor the following: 1 1• TERMINATION OF SERVICES 1. In the event of bxeach of any condition or provision hereof, the City, shall have the right, by prior written notice to the Contractor, to terminate its employment hereunder and cancel this Agreement and have the work called for hereby otherwise performed, without prejudice to any other rights or remedies of the City. The City shall have the benefit of such work. as may have been completed up to the time of such termination and with respect to any part wiAich shall have been delivered to and accepted by the City, there shall. be an equitable adjustment of compensation. 2. Irres'oective of any default hereunder, the City may also, at any time at its discretion, terminate this Agreement, in whole or in part, by giving the Contrac- tor sixty (60) days written notice thereof and in such event, the Contractor shall be entitled to receive compensation specified herein for all work completed and a . �epted prior to such sixty (60) days notice of termination or cancellation; an equitable adjustment shall be made, as compensation to the Contractor to the date of such termination or cancel- lation, but not yet delivered to the City. The Contractor at its discretion may terminate this Agree- ment, in whole or in part, by giving the City sixty (60) days written notice. 3. The term of the Agreement shall commence upon execu- tion of this Agreement by both parties and shall continue for one year thereafter. This Agreement shall automatically renew for successive one year terms. 2 i THIS AGREEMENT is executed in three (3) duplicate originals, each of which is deemed to be an original. This Amendment includes two (2) pages which constitute the entire understanding and agreement of the parties. IN WITNESS WHEREOF, the City of Huntington Beach and the Contractor have caused this Amendment to be executed by their duly authorized representatives. ,:ONTRACTOR: CITY OF HUNTINGTON BEACH UNITED STATES ESCROW, INC. A Municipal Corporation A California Corporation �z2x�/ -—/ , '/ /Q, NAME/TI1ZE „-1 yo, \\\\ ATTEST: AUCIA M. NVENTWORTN:TTY CLER14 NA /TITLE v, Y CITY CLERK REVIEWED AND APn-ROVED: APPROVED AS T FORM:, CITY ADMINISTRATOR CITYJATVNV�^ ITIA ED AND APPROVE Director of Community Development 3 � � � � � ISSUE DATE(MMlDD/YY) PRODUCER THIS CERTIFICATE IS ISSUED AS A 164ATTER OF INFORMATION ONLY AND CONFERS t��Yf�A� NO RIGHTS UPON THE CERTIFICATE HOLDER.TVIS CERTIFICATE DOES NOT AMEND, GEORIGGE EUDIS C'�L'a-FJL�,ANY EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. BEVEELT HILLS, Cyr 90210 COMPANIES AFFORDING COVERAGE h COMPANY A ^ T LETTER S &1i UL INSURANCE GOMPARY COMPANY INSURED LETTER i!ITED STATES ESCROW COM Al' OMPF-•ARNY c' 8121 FLOVENCE AVE".9 DOWHEP 5 CA 90240 LETTER r D COMPANY LETTER e THIS IS TO CERTIFY TNAT POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUEDTO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICATE MAY B'ISSUED OR PRAY PERTAIN,THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS,EXC.USFONS.AND CONDI- T,IONS OF SUCH POLICIES. COj T POLIO+EFFECTM POLICY EXPIRATION LIABILITY _IMITS IN THOUSANDS ITRYRE OF INSURANCE POLICY NUMBER DATE(MMfiWYYi DATE(NW)DlWYi LACH _ OCCURRENCE AGGREGATE i 4ENERAL LIABILITY BODILY COMPREHENSIVE FORM PQ06609272 INJURY $ $ A PREMiSESIOPERATIONS PROPERTY uNDERGROUND DAMAGE $ COLLAPSE HAZARD LOSION $ 1 PRDDUCTSICOMPLETED OPERATIONS CONTRACTUAL COMB NED $1900. $ 2000 INDEPENDENT CONTRACTORS BRO.AO TORM PROPERTY DAMAGE PFPSDNAL INJURY PERSONAL INJURY $ _-1 AUTOMOBILE LIABILITY .Y F---. BiA1RY ANY AUTO 'PER V, $ ALL OWNED AUTOS iPPoV PASS I ( M, r 1 AL L OWNED AUTOS{RRN RPASSS I t T-4 ACDOP,T,�$ mRFC AL!TTK PROPERTY -� .A.� DAMAGE tir,r,�tYrnEO A;1TCr , 1$ :GARAGE .!AB;Lnv C i `P�'J3j..1 —7 BI 8 PD • a COMBINED $ EXCESS LIABILITY Nam^ JMBRE.;.A CORM ! DI$PO COMBINED $ $ i^'nEG 'tiAN iMBREL:A CORM I' e STATUTORY WORKERS COMPENSATION I $ D � _ (EACH ACCIDENT) AND LIABILITY $ (D!SEASE-POLICY LIMIT} $ ! OSEASE•EACHEMPLOYEE) ,OTHER I � DFSCRIPTION OF OPERATIONSILOCATIONSNEHICLESISPECIAL ITEMS RZ: DISBURSEMENT OF REHASILITATION Ft MD3 COPTR:ACT/'CITY OF HU TINGTON BEACH SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BE''ORE THE Ex- City Attorney PMATION DATE THEREOF, THE ISSUING COMPANY WILL ENDEAVOR TO R City CflTi i T1 y' '.t3 AIL lag DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER NAMED TO THE LEFT,BGFAILURE TO MAIL SUCH NOTICE SHALL IMPOSE NO OBLIGATION OR LIABILITY P.O. f Cox 190 OF ANY KIND UPON THE COMPANY ITS AGENTS OR REPRESENTATIVES. Ht1nti1a�ston Beach, CA 9264sdl AUTHORIZED REPRESENTATWE Utld • e• [� e . •- e s PROFESSIONAL OFFICE PACK9VCOVERAGE SUMMARY This summary shows the Limits of Coverage and any Optional Coverages you have for state 01 > or policy level coverages.These coverages and 5Lh limits apply to all locations on your policy. Refer to your Profe sional Office Package Location Coverage Summary for coverages that `S apply to a specific location. v Commercial General Liability Protection Limits Of Coverage General 2otal limit $4,000,000 Products and completed work total limit $4,000,000 Personal injury and advertising injury limit $2,000,000 Each event litolt $2,000,000 Fire damage limit $100,000 Medical ex oetlse limit $5,000 Optional Coverages Increase Money and Securities Off Premises Limit to $10,000 Liability Protection For Autos You Don't Own Limit: $2,000,000 Non—owned Auto Number of Employees: 45 Hired Arno If Any ter. Name of Insured Policy Number PQ06609272 Effective Irate 08/01/87 dba: UNITES? STATES ESCROW COMPANY, ALBS Processing Irate 0g/29/87 14:18 002 41161 Ed.10-85 Printed in U.S.A. Coverage Summary aSt.Paul Fire and Marine Insurance Co.1985 Page 1 iall SERVICE AGREEMENT BETWEEN THE CITY OF HUNTINGTON BEACH AND UNITED STATES ESCROW, INC. TO ADMINISTER H.U.D. RENTAL REHABILITATION PROGRAM LOANS THIS AGREEMENT, made and entered into this day of by and between the CITY OF HUNTINOTON BEACH, hereinafter referred to as "CITY'', and UNITED STATES ESCROW, INC. , a California corporation, hereinafter: referred to as "CONTRACTOR". WHEREAS, CITY desires to engage the services of an escrow consultant to supervise and administer disbursement and the repayment of HUD Rehabilitation programm loan of the City of Huntington Beach; and CONTRACTOR has been selected to perform said services, NOW, THEREFORE, it is agreed by CITY and CONTRACTOR as follows: 1. WORK STATEMENT CONTRACTOR agrees to supervise and administer the program set forth herein by the CITY for providing rental rehabilitation cash management escrows and related services for property impr-)vements in connection with .loans made by the CONTRACTOR to homeowner and/or property/business owners for the expansion or imprLvement of their property. Service shall include, but shall not be limited to, the areas listed below. 1. Ask 2. CASH MAY;AGEMENT DEPOSITORY SERVICES The CONTRACTOR shall establish a separate Rental Rehabilitation depository account with a local financial institution of CONTRACTOR'S choice for receipt and deposit of funds received from HUD. Funds shall be received via automatic transfers as required under the HUD Cash Management System and disbursed without delay by CONTRACTOR to payees upon receipt of the proper disbursement authorizations from the CITY. 3. ACCOUNT ACTIVATION AND FUND DISBURSEMENT SERVICES 3_1 Upon loan approval the CITY shall send private sector loan proceeds and completed Control Instructions to the CONTRACTOR. The Control Instructions shall include the following data: a. owner(s) name. b. Contractor(s) name. C. Job site address. d. Dollar amount of funds being escrowed. e. Instructions on how fundE are to be disbursed. f_ Original signatures of owner and CITY representatives. 3.2 When and as requested in writing by the CITY, the CONTRACTOR shall provide check disbursements to parties designated by CITY in csonntction with loans made by the CITY or its agent. 3.3 Written instructions shall be in the form of a 2. Aft Disbursement Authorization containing information regarding the amount of disbursement, the parties to be paid, and shall contain original signatures of CITY representatives authorized to request disbursement. 3.4 A copy of the HUD Rental Rehabilitation payment voucher shall be sent to CONTRACTOR by CITY along with the Disbursement Authorization in cases where monies are to be drawn from Rental Rehabilitation funds (unless item 5.4 of this Agreement applies) . 3.5 Upon receipt of Disbursement Authorization and FWD payment voucher (if required) , the CONTRACTOR shall, identify and verify the payment authorization as follows: a. Amount requested is available (including any necessary HUD automatic transfer deposits as indicated by the submitted HUD payment voucher) . b,. Owner's signature(s) are the same as on the original escrow instructions. C. CITY representative's signature(s) are the same as on the original escrow instructions or on a approved signature list of those representatives having the authority to authorize disbursements. 3.6 At thy: request of the. CITY, CONTRACTOR shall hold a retention fund for up to 30 days after recording of the Notice of Completion. CONTRACTOR shall record the Notice of Completion with the County. 3. 4. HUD RENTAL REHABILITATION/CASH MANAGEMENT COMPLIANCE ACCOUNTING 4.1 As required. under HUD guidelines, CONTRACTOR shall maintain separate escrow accounting records of Rental Rehabilitation and non-Rental Rehabilitation funda. Separate accounting records for non-commingled non-Rental Rehabilitation and Rental Rehabilitation program funds will show receipt, disbursement and running balance entries for each project. P,ecounting information and records will be available to the Agency during project rehabilitation and will be submitted to the CITY at project completion. t 4.2 At the beginning of each project, the CONTRACTOR shall forward to HUD Central the project Pre-Rehabilitation Report upon completion by the CITY. 4.3 Upon receipt of disbursement authorization and copy of HUD payment voucher, the CONTRACTOR shall forward voucher to HUD Central prior to next request for Rental Rehabilitation program funds. Copies of payment voucher as well as disbursement authorization will be kept by CONTRACTOR in a permanent project file. 4.4 CONTRACTOR shall submit copy of the monthly reconciliation of program activity to HUD Central as required under HUD Rental Rehabilitation gui.dplines. 4.5 CONTRACTOR shall submit Project Completion Report to HUD Central within 90 days of rehabilitation completion and ;will retain a copy of the report in a permanent project file. 4, Ark 5. ADDITIONAL HUD RENTAL REHABILITATION ADMINISTRATIVE AND COMPLIANCE SERVICES. 5.? Upon receipt of Control Instructions from the CITY, the CONTRACTOR shall contact HUD Central Office of Administration to se} up a new Rental Rehabilitation project account The CONTRACTOR wi-.l be authorized with the proper HUD security clearance to gain access to HUD's Cash Management Information System required to se-,: up new projects and request drawdowns. The F CONTRACTOR will transmit to HUD Central, the information required to have the appropriate amount of Rental Rehabilitation funds allocated for the project. 5.2 upon receipt of a disbursement authorization from the CITY, the CONTRACTOR shall contact HUD Central to make the appropriate drawdown request of Rental Rehab fund monies as authorized by the CITY. The Contractor shall submit the required project d,ta (i.e. project number, voucher number, amount of request, type of draw, dates of construction, etc. ) to obtain drawdown approval. F.3 Approved drawdowns will be automatically transfered by HUD Central. to CONTRACTOR'S depository account and disbursed by CONTRACTOR on receipt per Section 3 of this Agreement. 5.4 Also upon receipt of a disbursement authorization from the CITY, the CONTRACTOR shall prtipare a payment voucher for the amount requested from the Rental Rehabilitation fund. Payment vouchers required by HUD as a written follow-up document to the drawdown 5. request, will be assigned a document number and submitted to HUD in sequential order for accountability. 6. RECONCILIATION OF RENTAL REHASILITAI'IOM DEPOSIT ACCOUNT ACTIVITY 6.1 The CONTRACTOR shall prepare a monthly reconciliation of HUD`s monthly bank disbursement report with the Rental Rehabilitation disposition account activity for all HUD automatic transfers and disbursements. A Rental Rehabilitation depository statement of account along with copies of deposit receipts, payment vouchers, and checks will be attached to the reconciliation statement. 6.2 The CONTRACTOR shall submit the prepared monthly reconciliation to the CITY as well as HUD Central as required. 7. MAINTENANCE OF PERMANENT PROJECT FILE 7.1 CONTRACTOR shall compile all pertinent project data into a permanent file for CITY and STUD auditing. Each project file shall contain copies of all deposits, checks, payment vouchers, disbursement authorizations, pre-rehabilitation and project completion reports and separate accounting statements of non-Rental Rehabilitation and Rental Rehabilitation fund activity . 7.2 As required by HUD, project files will be prepared to show that: a. At no time was there a commingling of Rental Rehabilitation funds with private or other city funds. b. At no time did draws on Rental Rehabilitation funds exceed draws on non-Rental Rehabilitation funds. 6. 8. COMPUTER ACCOUNTING SERVICES The CONTRACTOR shall supply to the CITY a monthly computer print-out of all transactions completed to date and the balance remaining in each account. 9. MAINTENANCE OF FILES AND AVAILIBILITY OF DATA CONTRACTOR shall maintain records of all accounts established? under the provisions of this agreement for a period. of five (5) years after the closing of each account. CONTRACTOR. shall, upon request and within t':lirty (30) days of such request, make available all records, financial and otherwise, dealing with its activities performed pursuant to the provisions of this Agreement to authorized auditor and monitors of the Agency of the U.S. Department of Housing and Urban Development. 10. FEE SCHEDULE FOR PROGRAM SERVICES 10.1 in return of the services provided by the CONTRACTOR, the Borrower shall pay fees to the Contractor according to the following schedule: Service program: Service includes all items specified within AGREEMENT. CONTRACTOR services will be compensated with a fee of 3/4 of 1 percent of the loan amount per loan with a minimum of $225.00 and a maximum of $1,000.00. 10.2 The CITY shall not be responsible for any fees or compen ,ation to contractor under this AGREEMENT. 7. 1.1. EQUAL OPPORTUNITY 11.1 The CONTRACTOR will not discriminate against any employee or applicant for employment because of their race, religious creed, color, national origin, ancestry, physical handicap, medical condition, marital status, or sex. The CONTRACTOR will take affirmative action to ensure that the applicants are employed• and that employees are treated during employment without regard to their race, religious creed, color, national origin, ancestry, physical handicap, medical condition, marital status, or sex. Such action shall include, but not limited to the following: employment, upgrading, demotion, or transfer, recruitment or recruitment advertising, layoff or termination, rates of pay or other forms of compensation and selection for training, including apprenticeship. The CONTRACTOR agrees to post in conspicuous places, available. to employees and applicants for employment , notices to be provided by the Local Public Agency setting forth the provisions of this nondiscrimination clause. 11.2 The CONTRACTOR will, in all solicitations or advertisements for employees placed by or on behalf of the CONTRACTOR, state that all qualified applicants will receive consideration for employment without regard to race, religious creed, color, national origin, ancestry, physical handicap, medical condition, marital status, or sex. 8. 11.3 The CONTRACTOR will cause the foregoing provisions to be inserted in all subcontracts for any work covered by this contract so that such provisions will be binding upon each subcontractor, provided that the foregoing provisions shall not apply to contracts for subcontracts for standard commercial supplies or raw materials. 12. REPRESENTATIONS As an inducement to the execution of this Agreemer', the CONTRACTOR represents and agrees that it has and will Continue to have adequate and proper facilities and personnel to perform the services and work agreed to be performed by it hereunder; that it is duly qualified by law to perform such services and work, and that list has not employed any person to solicit or procure this AGREEMENT, and has not made and will not make, any payment or any AGREEMENT for the payment of any commission, percentage, brokerage, contingent fee or other compensation in connection with the procurement of this AGREEMENT. 13. TERMINATION OF SERVICES 13.1 In the event of breach of any condition or provision hereof, the CITY shall have the right, by ten (10) days prior written notice to the CONTRACTOR, to terminate its employment hereunder and cancel this AGREEMENT and have the work called for hereby otherwise performed, without prejudice to any other rights or remedies of the CITY. The CITY shall have the benefit of such 9. AWL work as may have been completed up to the time of such termination and with respect. to any part which shall have been delivered to and accepted by the CITY, there shall be an equitable adjustment of compensation. 13.2 irrespective of any default hereunder, the CITY may also, at any time at its discretion, terminate this AGREEMENT, in whole or in part, by giving the CONTRACTOR thirty (30) days written notice thereof and in such event, the CONTRACTOR, shall be entitled to receive compensation specified herein for all work completed and accepted prior to such thirty (30) days notice of termination or cancellation; an equitable adjustment shall be made, as compensation to the CONTRACTOR to the date of such termination or cancellation , but not yet delivered to the C11"11. The CONTRACTOR at its discretion may terminate this AGREEMENT , in. whole or in part, by giving the CITY thirty (30) days written notice. 13.3 The term of the AGREEMENT shall commence upon execution of this AGREEMENT by both parties and shall continue for one year hereafter. 14. INDEMNIFI,CATION, DEFENSE, HOLD HARMLESS CONTRACTOR hereby agrees to defend, indemnify and hold harmless CITY, its officers, agents, and employees, from and against any and all liability, damages, costs, losses, claims an,: expenses, however caused, resulting directly or indirectly from or 10. connected with CONTRACTOR'S performance of this AGREEMENT. 15. WORKER'S COMPENSATION CONTRACTOR shall comply with all the provisions of the Worker Compensation Insurance and Safety Acts of the State of California, the applicable provisions of Division 4 and 5 of the California Labor Code and all amendments thereto; and all similar state or federal acts or applicable law; and shall indemnify, defend and hold harmless CITY from and against all claims, demands, payments, suits, actions, proceedings and judgments of every nature and description, including attorney's fees and costs, presented, brought or recovered against CITY for or on account of any liability under any of said acts which rtuy be incurred by reason of any work to be performed by CONTRACTOR under this AGREEMENT. 16. INSURANCE In addition to the Workers' Compensation Insurance and CONTRACTOR covenant to indemnify CITY, CONTRACTOR shall obtain and furnish to CITY the following insurance policies covering the activities pursuant to this AGREEMENT: A. General Liability Insurance. A policy of gen%, . public liability insurance, including motor vehicle coverage, Said policy shall indemnify CONTRACTOR , its officer, agents and employees, while acting within the scope of their duties, against any and all claims of arising out of or in connection with the 1,1. PROJECT, and shall provide coverage in not less than the following amounts combined single limit bodily injury or property damage of $1, 000, 000.00 per occurrence. Said policy shall specifically name the CITY as an additional named insured and provide that any other insurance coverage which may be applicable to the PROJECT shall be deemed excess coverage and that CONTRACTOR'S insurance shall be primary. Certificates of insurance for said policies shall be approved in writing by the City Attorney prior to the commencement of any work hereunder. All Certificates of Insurance (and the policies of insurance or endorsements thereof) shall provide that any such Certificates and policies shall not be cancelled or modified without thirty (30) days' prior written no,`_ice to AGENCY. 17. FIDFLITY BOND CONTRACTOR shall maintain during the term of this AGREEMENT and any extensions thereto a Fidelity Bond in an amount sufficient to cover all funds being handled by CONTRACTOR under this AGREEMENT, but in no event less than one million dollars ($1,000,000.00) 18. INDEPENDENT CONTRACTOR CONTRACTOR is, and shall be, acting at ail times in the performance of this AGREEMENT as an independent contractor. CONTRACTOR shall secure at his expense, and be responsible for any and all payments of all taxes, social security, state disability insurance compensation, unemployment compensation and other 12. AL AIL payroll deductions for CONTRACTOR and its officers, agents and employees and all business licenses, if any, in connection with the services to be performed hereunder. 19. NOTICES Any notices or special instructions required to be given in writing under this AGREEMENT shall be given either by personal delivery to CONTRACTOR'S Principal (as designated in Section 1 hereinabove) or to AGENCY'S Deputy Director of Redevelopment, as the situation shall warrant, or by enclosing the same in a sealed envelope, first-class postage prepaid, and dr�ositing the same in the United States Postal Services, addressed a follows: TO CITY: TO CONTRACTOR: Charles P. Spencer Housing & Redevelopment Gail Bloomingdale Program Manager 8121 E. Florence Avenue 2000 Main Street Downey, California 90240 Huntington Beach, CA 92648 (rest of page not used) 13. 7parties. TIRETY e foregoing, set forth the entire AGREEMENT between the IN WITNESS WHEREOF, the parties hereto have caused this AGREEMENT to be executed by and through their authorized officers the day, month and year first above written. CONTRACTOR: CITY OF HUNTINGTON LEACH: UNITED STATES ESCROW, INC. A Municipal Corporation A California Corporation name tit a Mayor "e% .ATTEST: � nameTti£ e� � City C er REVIEWED AND APPROVED: APPROVED AS TO FORM- jctz City Administrator city Attorn `7---)--c;'j INITIATED AND APPROVED: 14& Director o Red v lopment AJF/ff 11081/#3593 6/24/85 14. T"G Gail Hutton,City Attorney CITY OF 14UNTINGTON BEACH, CALIFORNIA 9—ch.CA 9264e BY E"•_.- 41.E+ —`aS�.y Nnk Manses,attar approval A MUNICIPAL CORPORATION 1 his is to certify that the pohcia. of insurance as described below have been issued to the insured by the undersigned and are in force at Ihls time 11 tkase policies are cancelled or changed in such a manner that will affect this certificate,the insurance compel:y agrees to give 10 days prior written notice, by mail, to City of Huntington Beach P.O.Box 711,Huntington Beach,California 92Cs48. ALL I T E MS MUST BE COMPLETED, ANY DELETION OR CHANGE IN THIS FORM SHALL BE SIGNED AND DATED BY AN AUTHORIZED REPRESENTATIVE OF THE INSURANCE COMPANY AND MUST BE APPROVED IN WRITING BY THE CITY ATTORNEY. Name of Insured UNITED STATES ESCROW COMPANY Address of Insured 3121 FLORENCE AVE., DOWNEY, CALIFORNIA 90240 Location of Wort or Operations to be performed 8121 FLORENCE AVE. , 'DOWNEY, AND ELSEWHERE IN THE U.S.A. Description of Work or Operations DISBURSEMENT OF REHABILITATION FUNDS. POLICY DATES LIMITS OF LIABILITY NAME OF COMPANY POLICIES IN FORCE POLICY NO. Effective Expiration In Thousands(000) (INS.) GENERAL LIABILITY IXI COMPREHENSIVE FORM 59-JD0572 8/1/85 8/1/36 $ 1,000,000.00cSL ST. PAUL FIRE & IXI PREMISES-OPERATIONS Each OccuranceM�rA�RINE INSURANCE I XI L XPLOSION AND COMPANY COLLAPSE HAZARD IXI UNDERGROUND HAZARD IXI PRODUCTS COMPLETED OPERATIONS HAZARD IX1 CONTRACTUAL INSURANCE 1XI BROAD FORM PROPERTY DAMAGE IXI INDEPENDENT /� CONTRACTORS I PERSONAL INJURY AUTOMOBILE LIABILITY 1 I COMPREHENSIVE FORM 11 OWNED $ 1,000,000. CSL IXI HIRED Each Occurance IXI NON-OWNED EXCESS LIABILITY I I UN48RELLA FORM 1 I OTHER THAN $ UMBRELLA FORM WORKERS'COMPENSATION and EMPLOYERS'LIABILITY Additional Insured Endorsement: The insurer agrees that the City of Huntington Beach and its City Council,and/or all City Council appointed groups,committees, commissions, boards and any other City Council appointed body,and/or elective and appointive officers,servants or employees of the City of Huntington Beach, when acting as such are additional insureds hereunder,for the acts of the insured,and such insurance shall be primary to any insurance of the City of Huntington Beach,as their interest may appear. Data 9/20/85 AUTH PRESS F SU A�CEMPANY INSURANCE COMPANY ST. PAUL FIRE & MARINE INS. By * Name GEORGE ELKINS PANY c/o 499 NO. CANON DRIVE, 2ND FLOOR Address — Address BEVERL 1 city 499 NO. CANON DRIVE, BEVERL.Y HILLS, CA 90210 City Telephone. (213) 272-0502 HOLD HARMLESS AGREEMENT (to be executed by insured) The Insured ' agrees to protect, defend, indemnify, save,and hold harmless the City :1 '..tntington Beach its officers, agents, and employees against any liability; loss,.damage, cost, or expense by reason of any and all liability,suits„claims, demands, judgments and causes of action caused by insured, his employees,agents or any subcontractor or by any third party arising. out of or in consequence of the performance of all or any operations or activity for which this certificate of insurance is furnished. ' (1)Sole Proprietorship (2)Partnership (3)Corporatism (4)Other(state) HOLD HARMLESS SIGNED: By Insured: Title (All names shall be printed or typed By Insured: Title. below each signature.? If Corporation,TWO Officers must sign,or present evidence of authorization to bind Corporation; I47 , � Y tturnry CITY OF HUNTINGTON BEACH,CALIFORNIA H i tnt,nvt.n B-ch,CA 92648 By: i ,tpv to R,.k Mar.agx cfw,approval A MUNICIPAL CORPORATION This is to certify that the policies of insurance as described below have been issued to the insured Ny the underslgnad and are in force at this time Il these policies are cancelled or changed in such a manner that will affect thir•.certificate,the insurance company agrees to give 10 days prior written notice, by mail,to City of Huntington Beach P.O.Box 711,Huntington Beach,California 92fi48. ALL ITEMS MUST BE COMPLETED, ANY DELETION OR CHANGE IN THIS FORM SHALL BE SIGNNE 48 D_AN AN AUTHORIZED REPRESENTATIVE OF THE INSURANCE COMPANY AND MUST BE APPR01/ED - RITING BY THE C 'Y ATTORNEY. /�y, Name of Instfted UNITED STATES ESCROW COMPANY ! �� 8121 FLORENCE AVE. , DOWNEY, CALIFORNIA 90240 Address of Insured Location of Work or Operations to be performed 8121 FLORENCE AVE. , DOWNEY, AND ELSEWHERE IN THE U.S.A. Description of Work or Operations DISBURSEMENT OF REHABILITATION FUNDS. POLICY DATES LIMITS of LIABILITY NAME AF COMPANY POLICIES IN FORCE POLICY NO. Effective Expiration In Thousands(000) (INS') GENERAL LIABILITY IXI COMPREHENSIVE FORM 59-JD0572 8/1/85 8{r/86 S 1.000,000.00CSL ST. PAUL FIRE & IXI PRFMIS£S-OPERATIONS Each Occuranco MARINE INSURANCE I XI EXPLOSION AND COMPANY COLLAPSE HAZARD IXI UNDERGROUND HAZARD Ik PRODUCTS COMPLETED OPERATIONS HAZARD IXI CONTRACTUAL INSURANCE :XI BROAD FORM PROPERTY DAMAGE IXI INDEPENDENT CONTRACTORS PERSONAL INJURY AUTOMOBILE LIABILITY I I COMPREHENSIVE FORM II OWNED 1,000,QQQ. CSL IXI HIRED Each Occurancis IXI NON-OWNED EXCESS LIABILITY I I UMBRELLA FORM I I OTHER THAN $ UMBRELLA FORM WORKERS'COMPENSATION and EMPLOYERS'LIABILITY Additional insured Endorsement: The insurer agrees that the City of Huntington Beach and its City Council,and/or all City Council appointed groups, committees, commissions, boards and any other City Council appointed body,and/or elective and appointive officers,servants or employees of the City of Huntington Beach, when acting as such are additional insureds hereunder,for the acts of the insured,and such insurance shall be primary to any insurance of the City of Huntington Beach,as their interest may appear. Date 9/20/85 AUTH PRESE F SU NCE MPANY INSURANCECOMPANY ST. PAUL FIRE & MARINE INS. By -d Name GEORGE ELtiIIVS 1f'<ANY c/o 499 NO. CANON DRIVE' 2ND FLOOR Address �.d:ass 499 N0. CANON DRIVE, BEVERLY HILLS, CA 90210 City city Telephone (213) 272-0502 HOLD HARMLESS AGREEMENT (to be executed by insured) The insured ° aigrees to protect, defend; indemnify,save, and hold harmless the City of Huntington Beach its officers, agents, and employees against any liability, loss, damage,cost, or expense by reason of any and all liability, suits,claims, demands, judgments and causes of action caused by insured, his employees,agents or any subcontractor or by any third party arising out of or in consequence of the performance of all or any operations or activity for which this certificate of insurance is furnished. `(1)Sole Proprietorship (2)Partnership (31 Corporation (A)Other(state) ' HOLD HARMLESS SIGNED: 81,Insured: Title (All names shall be printed or typed By Insured: Title below oaclh signature.) If Corporation,TWO Officers must sign,or present evidence of Withorization to bind Corporation. I� WORKERS' COMPEJWTION AND EMPLOYERS.LIAB Y INSURANCE POLICY INFORMATION PAGE FORM NUMBER: WC 00 00 O1 L`1 FREMONT INDEMNITY COMPANY COMSTOCK INSURANCE COMPANY NEW POLICY NO: WN85-333924-01 NON PARTICIPATING to THE Ii`sURED ANO MAILING ADDRESS. UNITED: STATES`' ESCRO'"q CO* & OR ALERT SEE EXTENSION SCHEDULE A ENTITY: CORPORATION 8121 FLOREtNCE AVEo 00'4NEY CA 90240 BUREAU: OTHcR WORKPLACES NOT SHOWN ABOVE: 15545 BELLFLOWER BLVD= OFFICE: ANGELES SELLFLOVIER CA 00000 PRODUCER: GEORGE ELKINS COMPANY PRODUCER CODE: 3498/100 AGENCY BILL 20 POLICY PERIOD: FROM 06-01-85 TO 06-01-86 12:01 A®Ma STANDARD TIME AT THE INSURED'S MAILING ADDRESS® 3. COVERAGE: Aa WORKERS' COMPENSATION INSURANCE: PART ONE OF THE POLICY APPLIES TO THE W'„iKERS' COMPENSATION LAWS OF THE STATES LISTED HERE: CALIFORNIA Be EMPLOYERS' LIABILITY INSURANCE: PART TWO OF THE POLICY APPLIES TO WORK IN cACH STATE LISTED IN ITEM 3oA4 THE LIMtITS OF OUR LIABILITY UNDER PART TWO ARE: PODILY INJURY BY ACCIDENT: $100,000 EACH ACCID, BODILY INJURY BY DISEASE: $10C'000 EACH EMPLOYE, BUDILY INJURY BY OTSEASE: S500000 POLICY LIMIT Co 9THER STATES INSURANCE: PART THREE OF THE POLICY APPLIES TO ALL THE STATES IF ANY? LISTED HERE: ..{ONE D* THIS POLICY INCLUDES THESE ENDORSEMENTS AND SCHEDULES: SCHEDULE: A ENDORSEMENTS: O1.WC9906019 02.WC990301i '3eWC990302 4o THE P 'L-MIUM FOR TI4IS POLICY WILL BE DETERMINED BY OUR MANUALS OF rRULES4 CLASSIFICATIONS? RATES AND '.EATING PLANS ALL INFORMATION REQUIRED BELOW IS SUBJECT TO VERIFICATION AND CHANGE BY AUDIT: PREMIUM BASIS: PREMIUM BASIS = TOTAL ESTIMATED ANNUAL REMUNERATIONa RATE _ FATE PER 5100 <'JF REMUNERATIONn EAP = ESTIMATED ANNUAL PREMIUM. PREMIUM STo C',1DE CLASSIFICATION BASIS RATE EAP -- ----- -------------------------------- ---- ---------- ----- ---------- CA 8742A SALESMEN? COLLECTORS OR MESSENGERS— 44?000 1*02 4A3 OUTSIDE* CA 8010A CLERICAL OFr-ICE EMPLOYEES--NoOoCm 1069518 056 596 rtrtG,A:ppI.L igqitb.,T t 0j By: Deputy City AtLc ; MINIMUM DEPOSIT DEPOSIT TRANSFER ADDITIONAL TOTAL ESTIMATED PREMIUM PREMIUIN FROM'M, DEPOSIT DUE ANNUAL PREMIUM $3 50 ------- �-----�--— --�-- — -------- -- - -- — 4 PAYROLL REPORTING AND PREMIUM ADJUSTMENT PEsRTOO: INSTALLMENT BILLING: PAYROLL REPORTING FREQUENCY: SF_MI ANNUAL COUNTERSIGNED AT LOS ANGELES? CALIFORNIA ON 05-29-85 BY: EpWAF#PJ.LE ER,SECRETARY J. m"No.LUMN 31,h•C. 1144) _ �Home Offices—Los Angeles,California INS31RM WORKERS' COPAPE TION AND EMPLOYERS LIABWY INSURANCE POLICY EXTENSION SCHEDULE FORM NUMBER: WC 00 00 01 FREMONT INDEMNITY COMPANY �COMSTOCK INSURANCE COMPANY NEW SCHEDULE: A POLICY NUMBER: WN65-33392It-01 PAGE 1 POLICY PERIOD: 06-01-85 TO 06-01-86 EFFECTIVE DATE: 06-01-85 INSURED: UNITED STATES ESCROW C09 & OR ALERT ISSUED DATE: 05-Z9-85 THE INFORMATION PAGE IS EXTENDED AS FOLLOWS: ITEM to INSURED NAME: UNITED STATES ESCROW CO® & OR ALERT ESCROWS A CA* CORP u/ OR AM.ERICA4.A CAo CDRPn PRODUCER: GEORGE ELKINS COMPANY CODE: 34981100 EawA�a�.L(EBER SECRETARY srucs<yo,utd ssr M.a rrr-ea H,4ma LSifttes�•-Los Angstes,California iPd�tFE� WORKER'S C04FNSATION AND EMPLOYERS LIABf INSURANCE POLICY�-------- FORM NUMBER:WC 89 b3 02 ®FREMONT INDEMNITY COMPANY E]COMSTOCK.'INSURANCE C,j]VPANY i'OLICY NUMBER: WN-85-333924 ENDORSEMENT NUMBER. 3 POLICY PERIOD: 06-01-85 TO 06-•01-86 ISSUE DATE: 05-17-85 INSURED: UNITED STATES ESCROW CO. QOR ET AL EFFECTIVE DATE: 06-01-$5 OFFICERS AND DIRECTORS COVERAGE/EXCLUSION ENDORSEMENT—CALIFORNIA I f the employer named in Item 1 of the Information Page is a private corporation whose officers and directors are the sc`e shareholders,this policy applies to all such officers and directors,as employees,except those excluded below or named as excluded in Item 4 of the Information Page. Officers and Directors Excluded Title MELVIN PARSON PRESIDENT a The premium basis for this policy Includes the entire remuneration of each covered off lcer or director,subjectto a minimum remuneration of$11,700 per annum and a maximum remuneration of$39,000 per annum for each.such covered officer or director.A minimum premium charge of$150.00 shall be assessed for each such covered persona THE FOLLOWING SPACES ARE TO SE COMPLETED ONLY IFTHiS ENDORSEMENT IS NOT ATTACHEDTO THE POLICY WHEN iSSUED. ACCEPTSO AND AGREED TO at (Name of corrorNe Insured) this day of i9 by (Nome and Title oiAtticer) This endorsement changes the policy to which it is attached and is effective on the date issued unless otherwise stated. PRODUCER: GEORGE ELKINS Co. COUNTERSIGNED BY: CODE: 3498J100/1 v� Edward J.Lieber,Secretary s HOME OFFICES-LOS ANGELES,CALiFORNIA;,