29858 RJT HomesT---mt4#Q"
MEMORANDUM
TO: June Greek, City Clerk
FROM: James Lindsey, Assistant Engineer
DATE: August 10, 2000
RE: Tract 29858, Dust Control Security
Please accept the attached Certificate of Deposit Receipt, account number 008205329 / 1 in the
amount of $2,000.00 as dust control `security during construction/ stock piling of dirt materials on
a one (1) acre area, south west of Jefferson Street and Avenue 52, within the above mentioned
project. The Public Works Department will advise when the security can be released, upon
completion of the project.
cc: Tract 29858 File II
T:\PWDEPT\STAFF\L.INDSEY\TRACTS\29858\Memo 000810.wpd
Certificate of Deposit Receipt
This receipt is issued to:
Homes Llc
Payable To The City Of LA Quinta
Pm-10 (50Th & Jefferson)
1425 C University Dr
Phoenix AZ 85034
Tax ID# R60R91479
Account Number: 008205329 / 1
IRA Number:
Amount $ 2.000.00
Date Opened August 10, 2000
Term 365 Days
Maturity Date August 10, 2001
Interest Rate 5 6Sn %
Annual Percentage Yield 5.790 %
Interest Paid Monthly
The account evidenced by this receipt is subject to and further explained in the terms and conditions contained in the account
agreement and account disclosures. The account is Not Negotiable and Not Transferable. Only the items checked apply.
C Fixed Interest Rate ❑ Variable Interest Rate
❑ Additions Permitted
[X-J Automatically Renewable ❑ Single Maturity (not automatically renewable) ❑ Callable ❑ Notice Account
Interest will be:
❑ mailed to the owner(s).
[x-j added to principal (compounded).
❑ paid to
account No.
m 1994 Bankers Systems, Inc., St. Cloud, MN (1-800-397-2341) Form CDREC-BK-LAZ 3/1/95
Valley Independent Bank
51-290 Avenida Bermudas
La Quinta, CA 92253
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