2000 05 02 RDA'&4 4 4 Qum& -
Redevelopment Agency Agendas are now
Available on the City's Web Page
@ www.la-quinta.org
Redevelopment Agency
Agenda
CITY COUNCIL CHAMBER
78-495 Calle Tampico
La O.uinta, California 92253
Regular Meeting
May 2. 2000 - 2:00 P.M.
CALL TO ORDER
Beginning Res. No. RDA 2000-03
a. Roll Call:
Board Members: Adolph, Pena, Perkins, Sniff, Chairperson Henderson
PUBLIC COMMENT
At this time, members of the public may address the Redevelopment Agency on any
matter not listed on the agenda. Please complete a "request to speak" form and limit
your comments to three minutes.
Please watch the timing device on the podium.
CLOSED SESSION
CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR JERRY HERMAN, PURSUANT
TO GOVERNMENT CODE SECTION 54956.8 CONCERNING POTENTIAL TERMS AND
CONDITIONS OF ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED AT THE
NORTHWEST CORNER OF JEFFERSON STREET AND AVENUE 48. PROPERTY OWNER
AGENT: CATELLUS RESIDENTIAL GROUP.
2. CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR MARK WEISS, PURSUANT
TO GOVERNMENT CODE SECTION 54956.8 CONCERNING POTENTIAL TERMS AND
CONDITIONS OF ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED AT THE
SOUTHEAST CORNER OF WASHINGTON STREET AND MILES AVENUE. PROPERTY
OWNER/AGENT: THE NORTH CENTRAL GROUP. CORPORATION.
3. CONFERENCE WITH AGENCY'S REAL PROPERTY NEGOTIATOR JERRY HERMAN, PURSUANT
TO GOVERNMENT CODE SECTION 54956.8 CONCERNING POTENTIAL TERMS AND
CONDITIONS OF ACQUISITION AND/OR DISPOSITION OF REAL PROPERTY LOCATED AT THE
SOUTHWEST CORNER OF CALLE TAMPICO AND EISENHOWER DRIVE. PROPERTY
OWNER/AGENT: RAEL DEVELOPMENT
4. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION PURSUANT TO
GOVERNMENT CODE SECTION 54956.9(C) ONE CASE.
NOTE: TIME PERMITTING, THE REDEVELOPMENT AGENCY BOARD MAY CONDUCT CLOSED SESSION
DISCUSSIONS DURING THE DINNER RECESS. IN ADDITION, WHEN THE CITY IS CONSIDERING
ACQUISITION OF PROPERTY, PERSONS IDENTIFIED AS NEGOTIATING PARTIES ARE NOT INVITED
INTO THE CLOSED SESSION MEETING.
RECONVENE AT 3:00 PM
PUBLIC COMMENT
At this time members of the public may address the Agency Board on items that appear
within the Consent Calendar or matters that are not listed on the agenda. Please
complete a "request to speak" form and limit your comments to three minutes.
When you are called to speak, please come forward and state your name for the
record. Please watch the timing device on the podium.
For all Agency Business Session matters or Public Hearings on the agenda, a completed
"request to speak" form must be filed with the City Clerk prior to the Agency beginning
consideration of that item.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
A. APPROVAL OF MINUTES OF APRIL 18, 2000.
CONSENT CALENDAR
Note: Consent Calendar items are considered to be routine in nature and will be approved by one
motion.
1. APPROVAL OF DEMAND REGISTER DATED MAY 2, 2000.
2. ADOPTION OF THE CITY'S FISCAL YEAR 2000-2001 ECONOMIC DEVELOPMENT PLAN.
BUSINESS SESSION
1. CONSIDERATION OF AN APPROPRIATION OF UP TO $135,000 FROM PROJECT AREA NO.
1, LOW MODERATE INCOME HOUSING FUND TO ACQUIRE A SINGLE-FAMILY RESIDENCE
LOCATED AT 51-925 AVENIDA BERMUDAS.
A. MINUTE ORDER ACTION
STUDY SESSION - None
000-
-2-
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS
PUBLIC HEARINGS - None
ADJOURNMENT
DECLARATION OF POSTING
I, June S. Greek, Secretary of the La Quinta Redevelopment Agency, do hereby declare that
the foregoing agenda for the La Quinta Redevelopment Agency meeting of May 2, 2000, was
posted on the outside entry to the Council Chamber, 78-495 Calle Tampico and on the bulletin
board at the La Quinta Chamber of Commerce and at Stater Bros., 78-630 Highway 1 1 1, on
Friday, April 28, 2000.
DATED: April 28, 2000
JUNE S. GREEK, CMC/AAE
Secretary, La Quinta Redevelopment Agency
PUBLIC NOTICE
The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed
for the hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance
of the meeting and accommodations will be made.
COUNCIL/RDA MEETING DATE: MAY 2, 2000
ITEM TITLE:
Demand Register Dated May 2, 2000
RECOMMENDATION.
BACKGROUND:
Prepaid Warrants:
40854 - 40868)
40869 - 40879)
Wire Transfers)
PIR 4844 - 49131
P/R Tax Transfers'
Payable Warrants:
40880 - 41004)
FISCAL IMPLICATIONS:
Demand of Cash -RDA
John:
Approve Demand Register Dated May 2, 2000
�Ctirl
r finance virector
AGENDA CATEGORY:
BUSINESS SESSION
CONSENT CALENDAR
STUDY SESSION
PUBLIC HEARING
404,785.54
42,369.72
24,987.76
84,292.40
24,343.04 CITY DEMANDS $1,454,672.67
874,754.32 RDA DEMANDS 860.11
$1,455,532.78 $1,455,532.78
$860.11
00"I
CITY OF LA QUINTA
BANK TRANSACTIONS 4/13/00 - 4/25/00
4/13/00 WIRE TRANSFER - DEFERRED COMP $5,404.65
4/13/00 WIRE TRANSFER - PERS $13,219.29
4/13/00 WIRE TRANSFER - CREDIT UNION $6,363.82
TOTAL WIRE TRANSFERS OUT $24,987.76
ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 3:17PM 04/25/00
CITY OF LA QUINTA BANK ID: DEF PAGE 1
CHECK
NUMBER
CHECK
DATE
VENDOR
NO. NAME
***NO CHECKS WERE USED FOR PRINT ALIGNMENT.***
PAYMENT
AMOUNT
40880
04/25/00
&01063
CORONEL CONSTRUCTION
99.26
40881
04/25/00
&01064
MARGARET DOLAN
45.00
40882
04/25/00
&01065
HIGH LIGHT ELECTRIC
110.00
40883
04/25/00
&01066
DOLORES NOYOLA
40.00
40884
04/25/00
&01067
R D P INVESTMENTS INC
18.00
40885
04/25/00
&01068
MARYANN WEIR
25.00
40886
04/25/00
&01069
LA QUINTA GOLF RANCH
7.00
40887
04/25/00
&01070
JAMES DAUGHTRY
250.00
40888
04/25/00
&01071
MICHELE COSGROVE
28.00
40889
04/25/00
&01072
BRENDA GONZALES
45.00
40890
04/25/00
&01073
R C HOBBS COMPANY INC
1000.00
40891
04/25/00
&01074
PRISCILLA RUML
28.00
40892
04/25/00
&01075
SUSAN MILDEN
90.00
40893
04/25/00
ACB050
ACBL
206.99
40894
04/25/00
AFA100
B LUND DBA A FAMILY PAINT
900.00
40895
04/25/00
AFF200
AFFIRMED MEDICAL SVC
293.11
40896
04/25/00
ALT050
ALTEC
576.64
40897
04/25/00
AME200
AMERIPRIDE UNIFORM SVCS
105.67
40898
04/25/00
ARC100
ARCH
46.46
40899
04/25/00
ASCO01
A & S COFFEE SERVICE
210.00
40900
04/25/00
AUT030
AUTOMATED TELECOM
258.38
40901
04/25/00
BAN065
BANK OF AMERICA ESCROW
53452.33
40902
04/25/00-
BAR050
RENEE BARIBEAU
98.00
40903
04/25/00
BEN100
BENLO R V II
984.50
40904
04/25/00
BER150
BERRYMAN & HENIGAR INC
3750.00
40905
04/25/00
BRI050
GORDON BRICKEN & ASSOC
4890.00
40906
04/25/00
BRI100
BRINKS INC
270.30
40907
04/25/00
CAD010
CADET UNIFORM SUPPLY
321.60
40908
04/25/00
CAR300
CARQUEST
174.52
40909
04/25/00
COM015
COMPUTER U LEARNING CENTR
787.50
40910
04/25/00
CON010
CONRAD & ASSOCIATES
1050.00
40911
04/25/00
C00050
J P COOKE CO, THE
19.69
40912
04/25/00
C00300
VALI COOPER & ASSOC INC
33074.51
40913
04/25/00
COS050
COSTCO BUSINESS DELIVERY
1343.34
40914
04/25/00
CVA010
C V A G
3882.46
40915
04/25/00
DESO40
DESERT JANITOR SERVICE
4534.47
40916
04/25/00
DES060
DESERT SUN PUBLISHING CO
4994.92
40917
04/25/00
DES065
DESERT TEMPS INC
7540.16
40918
04/25/00
DII050
CHRISTINE DIIORIO
206.01
40919
04/25/00
DOU010
DOUBLE PRINTS 1 HR PHOTO
26.57
40920
04/25/00
DOU200
LES DOUGLAS
259.70
40921
04/25/00
DYN100
DYNA MED
61.41
40922
04/25/00
EIS010
EISENHOWER IMMEDIATE CARE
85.00
40923
04/25/00
EVI100
E-VIC PEST CONTROL
90.00
40924
04/25/00
EXP200
EXPRESS DETAIL
105.00
40925
04/25/00
GAR100
GARVEY EQUIPMENT COMPANY
759.64
40926
04/25/00
GAS010
GASCARD INC
346.20
0 0 �,
3
ACCOUNTS
PAYABLE - AP5005
CHECK
REGISTER 3:17PM 04/25/00
CITY OF
LA QUINTA
BANK
ID: DEF
PAGE 2
CHECK
CHECK
VENDOR
PAYMENT
NUMBER
DATE
NO.
NAME
AMOUNT
40927
04/25/00
GCS010
GCS WESTERN POWER & EQUIP
318.11
40928
04/25/00
GUY100
GUYS & GALS UNIFORMS
366.41
40929
04/25/00
HEG050
JIM HEGGE
449.00
40930
04/25/00
HEN100
HENRY'S GLASS CO
50.00
40931
04/25/00
HIG010
HIGH TECH IRRIGATION INC
497.05
40932
04/25/00
HOA010
HUGH HOARD INC
305.13
40933
04/25/00
HOM030
HOME DEPOT
299.56
40934
04/25/00
HOM031
HOME DEPOT
47213.28
40935
04/25/00
IMPO10
IMPERIAL IRRIGATION DIST
6024.98
40936
04/25/00
IND030
INDIO SHOE STORE INC
211.13
40937
04/25/00
INF030
INFORMATION RESOURCES
500.00
40938
04/25/00
INT200
INTERNATIONAL EQUIPMENT
6869.07
40939
04/25/00
JAC200
JACOBSSON ENGINEERING INC
19210.75
40940
04/25/06
JAS100
JAS PACIFIC
12197.90
40941
04/25/00
JUD010
JUDICIAL DATA SYSTEMS COR
100.00
40942
04/25/00
KEL010
KELLY SERVICES INC
1929.59
40943
04/25/00
KIN100
KINER/GOODSELL ADVERTISNG
4496.50
40944
04/25/00
KRI100
BRUCE KRIBBS CONSTRUCTION
1375.00
40945
04/25/00
KUL050
KULI IMAGE INC
574.61
40946
04/25/00
KUN100
MARNI KUNSMAN
172.16
40947
04/25/00
LAQ030
LA QUINTA CAR WASH
19.90
40948
04/25/00
L00010
LOCK SHOP INC
124.00
40949
04/25/00
LOG020
MARK LOGAN LANDSCAPE INC.
79123.92
40950
04/25/00
LOS050
LOS ANGELES TIMES
33.12
40951
04/25/00
LUB050
LUBE SHOP
25.74
40952
04/25/00
LUC050
LUCENT TECHNOLOGIES
529.44
40953
04/25/00
MAR010
MARTIN & CHAPMAN CO
258.60
40954
04/25/00
MAR050
MARSHALL & STEVENS
350.00
40955
04/25/00
MCD010
MC DOWELL AWARDS
213.08
40956
04/25/00
MCK010
McKESSON WATER PRODUCTS
378.02
40957
04/25/00
MIT150
MICHAEL MITCHELL
88.53
40958
04/25/00
MOM100
MOM'S GAS STATION
1129.81
40959
04/25/00
MUN010
MUNI FINANCIAL SERV INC
3013.22
40960
04/25/00
MUS050
MUSICIANS OUTLET
20.79
40961
04/25/00
NAW010
RON NAWROCKI
1200.00
40962
04/25/00
NEX010
NEXTEL COMMUNICATIONS
2591.92
40963
04/25/00
NIC101
NICKERSON & ASSOCIATES
7147.50
40964
04/25/00
PIT010
PITNEY BOWES CREDIT CORP
308.05
40965
04/25/00
POW100
POWERS AWARDS
33.05
40966
04/25/00
PRE015
THE PRESS -ENTERPRISE CO
256.90
40967
04/25/00
PRI070
PRINTING SOLUTIONS
613.89
40968
04/25/00
PUE050
MARIA L PUENTE
168.13
40969
04/25/00
QUI100
QUILAN PUBLISHING GROUP
145.00
40970
04/25/00
RAL050
RALPHS GROCERY CO
130.48
40971
04/25/00
RAN040
RANDAL'S PLUMBING
116.00
40972
04/25/00
RAN045
RAND MC NALLY MAP & TRAVL
445.30
40973
04/25/00
RAS020
RASA - ERIC NELSON
1860.00
40974
04/25/00
RIE200
PAT RIENSCHE
210.00
40975
04/25/00
RIV100
RIVERSIDE COUNTY SHERIFFS
2954.48
06
4
ACCOUNTS
PAYABLE - AP5005
CHECK
REGISTER
3:17PM 04/25/00
CITY OF
LA QUINTA
BANK
ID: DEF
PAGE 3
CHECK
CHECK
VENDOR
PAYMENT
NUMBER
DATE
NO.
NAME
AMOUNT
40976
04/25/00
RIV101
RIV COUNTY SHERIFF/INDIO
1432.01
40977
04/25/00
RIV150
RIV COUNTY TRANSPORTATION
11094.00
40978
04/25/00
ROB200
SCOTT ROBERTSON
56.00
40979
04/25/00
RUI100
JOHN RUIZ
96.37
40980
04/25/00
SAX100
SAXON ENGINEERING SERVICE
5705.00
40981
04/25/00
SIM025
SIMON MOTORS INC
49.95
40982
04/25/00
SIM040
SIMPLER LIFE EMERGENCY
96.08
40983
04/25/00
SMA010
SMART & FINAL
553.85
40984
04/25/00
SOCO10
THE SOCO GROUP INC
89.97
40985
04/25/.00
SOU007
SOUTHWEST NETWORKS, INC
4736.51
40986
04/25/00
SPE010
STEVE SPEER
470.41
40987
04/25/00
STA045
STAN'S AUTO TECH
66.67
40988
04/25/00
STA050
STAPLES
107.72
40989
04/25/00
STE150
STEP OUT
50.00
40990
04/25/00
SUN075
SUNLINE TRANSIT AGENCY
1065.54
40991
04/25/00
SUN080
SUNLINE SERVICES GROUP
420.05
40992
04/25/00
TAR050
TARGET/DAYTON'S
173.48
40993
04/25/00
TER100
TERRA NOVA PLANNING &
2965.46
40994
04/25/00
TOP010
TOPS'N BARRICADES INC
124.63
40995
04/25/00
TRU010
TRULY NOLEN INC
294.00
40996
04/25/00
UNI200
UNITED RENTALS
4174.44
40997
04/25/00
USB100
US BANK
856.00
40998
04/25/00
USO100
US OFFICE PRODUCTS
1798.58
40999
04/25/00
VER010
ROMANO VERLENGIA
245.91
41000
04/25/00
VON010
VON'S C/O SAFEWAY INC
42.94
41001
04/25/00
WAL010
WAL MART STORES INC
191.13
41002
04/25/00
XER010
XEROX CORPORATION
2647.29
41003
04/25/00
YEA100
E.L. YEAGER CONST CO INC
481070.96
41004
04/25/00
YOU100
YOUNG ENGINEERING SERVICE
19939.93
CHECK TOTAL 874,754.32
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ACCOUNTS
PAYABLE - AP5005
CHECK
REGISTER
2:31PM 04/19/00
CITY OF
LA QUINTA
BANK
ID: DEF
PAGE 1
CHECK
CHECK
VENDOR
PAYMENT
NUMBER
DATE
NO.
NAME
AMOUNT
***NO CHECKS
WERE USED
FOR PRINT ALIGNMENT.***
40869
04/19/00
ALEX10
STEVE ALEXANDER
400.00
40870
04/19/00
CAL040
CALIFORNIA VISION SERVICE
1105.45
40871
04/19/00
CAN050
CANADA LIFE ASSURANCE CO
487.93
40872
04/19/00
CIR010
CIRO'S RESTORANTE
200.18
40873
04/19/00
GTE010
GTE CALIFORNIA
88.68
40874
04/19/00
GTE020
GTE TELEPHONE OPERATIONS
511.15
40875
04/19/00
PER010
RONALD A PERKINS
109.83
40876
04/19/00
PRIO50
PRINCIPAL MUTUAL
38674.02
40877
04/19/00
ROB100
ROBINS NEST FLORAL EXPRES
242.00
40878
04/19/00
TRA030
TRANSAMERICA INSURANCE
50.48
40879
04/19/00
WIL025
MICHAEL WILLIAMS
500.00
CHECK TOTAL 42,369.72
22
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2 '1
ACCOUNTS PAYABLE - AP5005 CHECK REGISTER 11:45AM 04/14/00
CITY OF LA QUINTA BANK ID: DEF PAGE 1
CHECK
NUMBER
CHECK
DATE
VENDOR
NO. NAME
***NO CHECKS WERE USED FOR PRINT ALIGNMENT.***
PAYMENT
AMOUNT
40854
04/14/00
&00732
CALIFORNIA POOLS/SPAS INC
318.75
40855
04/14/00
ABE001
JAQUES ABELS
486.60
40856
04/14/00
AFF050
AFFAIRS TO REMEMBER
1010.96
40857
04/14/00
ANG100
ANGEL BAKERY
175.00
40858
04/14/00
CAL050
STATE OF CALIFORNIA
328.40
40859
04/14/00
CAT100
CATELLUS RESIDENTIAL
355033.82
40860
04/14/00
COA080
COACHELLA VALLEY WATER
242.05
40861
04/14/00
DEP008
DEPT OF CONSERVATION
6661.85
40862
04/14/00
GTE010
GTE CALIFORNIA
471.11
40863
04/14/00
INT005
INTERNAL REVENUE SVC-ACS
200.00
40864
04/14/00
LAQ040
LA QUINTA CHAMBER COMMERC
38750.00
40865
04/14/00
LAQ050
LA QUINTA CITY EMPLOYEES
364.00
40866
04/14/00
RIV040
RIV CNTY DISTRICT ATTORNY
468.00
40867
04/14/00
SUP100
SUPPORT PAYMENT CLEARING-
150.00
40868
04/14/00
UN1005
UNITED WAY OF THE DESERT
125.00
CHECK TOTAL
404,785.54
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: May 2, 2000
CONSENT CALENDAR: CP--'
ITEM TITLE:
STUDY SESSION:
Adoption of the City's 2000-2001 PUBLIC HEARING:
Economic Development Plan
RECOMMENDATION:
Adopt the 2000-2001 Economic Development Plan.
FOR FURTHER INFORMATION, PLEASE REFER TO CONSENT CALENDAR ON THE
CITY COUNCIL AGENDA.
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AGENDA CATEGORY:
BUSINESS SESSION:
COUNCIL/RDA MEETING DATE: May 2, 2000
CONSENT CALENDAR:
STUDY SESSION:
Consideration of an Appropriation of Up to $135,000
from Project Area No. 1 Low Mod Income Housing PUBLIC HEARING:
Fund to Acquire a Single Family Residence Located at
51-925 Avenida Bermudas
RECOMMENDATION:
Approve the acquisition of the property located at 51-925 Avenida Bermudas, authorize
the Executive Director to appropriate $135,000 from the Project Area No. 1 Low Mod
Income Housing Funds (245-903-683-677) and authorize Rosenow Spevacek Group
to act on the Agency's behalf at the sale.
FISCAL IMPLICATIONS:
To purchase this property at the Trustee's Sale will require an expenditure from the
Project Area No. 1 Low Mod Housing Fund in an amount not to exceed $1 10,000 for
the property and $25,000 for legal fees, rehabilitation costs, and resale expenses.
BACKGROUND AND OVERVIEW:
A Notice of Trustee's Sale (Attachment 1) has been received notifying the Agency that
on May 4, 2000, a single family home located at 51-925 Avenida Bermudas would be
sold at auction. This house was originally sold in February, 1993 with a second trust
deed amount of $38,007 to a low income household; this unit was part of the
Stockman development new construction project. The current outstanding loan balance
of the first trust deed is anticipated to be $66,910. This figure plus the second trust
deed amount of $38,007 represents a total of $104,917.
In order to protect the Agency's second trust deed investment of $38,007, the Agency
would have to purchase the property. This property is subject to public bid and will be
sold to the highest bidder. If the Agency does not elect to purchase the property, then
the low income affordability covenant would be extinguished. If the Agency is not the
successful bidder, any amount less than $104,917 being offered for the property will
cause a loss of the Agency's second trust deed and a loss of a qualifying unit for its
inclusionary housing requirement.
Upon acquisition of the property, RSG will coordinate with the Agency attorney to eviet3 Y
the occupants, if necessary. Further, Agency staff and RSG will coordinate
rehabilitation and resale of the property to another low income household.
CAW Documents\WPDOCS\ccih-RDAforecl.wr)d
FINDINGS AND ALTERNATIVES:
The alternatives available to the Redevelopment Agency include:
1. Approve the acquisition of the property located at 51-925 Avenida Bermudas,
authorize the Executive Director to appropriate $135,000 from the Project Area
No. 1 Low Mod Income Housing Funds (245-903-683-677) and authorize
Rosenow Spevacek Group to act on the Agency's behalf at the sale; or
2. Do not approve the acquisition of the property located at 51-925 Avenida
Bermudas, nor authorize the Executive Director to appropriate $135,000 from
the Project Area No. 1 Low Mod Income Housing Funds (245-903-683-677) and
do not authorize Rosenow Spevacek Group to act on the Agency's behalf at the
sale; or
3. Provide staff with alternative direction.
Respectfully submitted,
Je ry Herman
C mmunity Development Director
Attachment:
1. Notice of Trustee Sale
Approved for submission by:
Thomas P. Genovese, Executive Director
03
RECORDING REQUESTED BY:
CTC Real Estate Services
400 Countrywide Way SV-88
Simi Valley, CA 93065
WHEN RECORDED MAIL TO:
400 COUNTRYWIDE WAY, SV-88
SIMI VALLEY, CA 93065
Attn:
TS No. 00-00306
Loan No. 7683224
Title Order No. 077001661
Investor/Insurer NO.0467787853703
APN No.:773-184-021-7
NOTICE OF TRUSTEE'S SALE
ATTACHMENT 1
YOU ARE IN DEFAULT UNDER A DEED OF TRUST, DATED 02/19/93.
UNLESS YOU TAKE ACTION TO PROTECT YOUR PROPERTY) IT MAY BE
SOLD AT A PUBLIC SALE. IF YOU NEED AN EXPLANATION OF THE
NATURE OF THE PROCEEDING AGAINST YOU, YOU SHOULD CONTACT A
LAWYER.
Notice is hereby given that CTC Real Estate Services FKA CTC Foreclosure Services Corporation, as duly appointed trustee
pursuant to the Deed of Trust executed by EDWARD L. SALDIVAR AND ESPERANZA C. SALDIVAR, HUSBAND
AND WIFE AS JOINT TENANTS, dated 02/19/93 and recorded 02/25/93, as Instrument No. 73355, in Book, Page ,, ), of
Official Records in the office of the County Recorder of RIVERSIDE County, State of California, will sell on 05/04/00 at
10:00 AM, At the Main Street entrance to the County Courthouse, 4050 Main Street, Riverside, CA
at public auction, to the highest bidder for cash or check as described below, payable in full at time of sale, all right, title,
and, interest conveyed to and now held by it under said Deed of Trust, in the,property situated in said County and State and
as more fully described in the above referenced Deed of Trust. The street address and other common designation, if any, of
the real property described above is purported to be: 51-925 AVENIDA BERMUDAS, LA QUINTA, CA 92253. The
undersigned Trustee disclaims any liability for any incorrectness of the street address and other common designation, if any,
shown herein.
The total amount of the unpaid balance with interest thereon of the obligation secured by the property to be sold plus
reasonable estimated costs, expenses and advances at the time of the initial publication of the Notice of Sale is $66,909.38.
It is possible that at the time of sale the opening bid may be less than the total indebtedness due.
In addition to cash, the Trustee will accept cashier's checks drawn on a state or national bank, a check drawn by a state or
federal credit union, or a check drawn by a state or federal savings and loan association, savings association, or savings bank
specified in Section 5102 of the Financial Code and authorized to do business in this state.
Said sale will be made, in an ".AS IS" condition, but without covenant or warranty, express or implied, regarding title,
possession or encumbrances, to satisfy the indebtedness secured by said Deed of Trust, advances thereunder, with interest as
provided, and the unpaid principal of the Note secured by said Deed of Trust with interest thereon as provided in said Note,
plus fees, charges and expenses of the Trustee and of the trusts created by said Deed of Trust.
DATED: 04/13/00
CTC Real Estate Services FKA CTC Foreclosure Services Corporation
400 Countrywide Way, SV-88, Simi Valley, CA 93065
Phone: (800) 281-8219 ext. 2686, Sale Information (805) 578-6618
By: /S/ Foreclosure Officer
CTC Real Estate Services is a debt collector attempting to collect a debt. Any information obtained will be used for that
purpose.
03"z.
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RECORDING REQUESTED BY:
WHEN RECORDED MAIL TO:
CTC Real Estate Services
400 COUNTRYWIDE WAY, SV-88
SIMI VALLEY, CA 93065
Attn: N
TS No. 00-00306
Loan No. 7683224
Title Order No. 7683224
Investor/Insurer No. 077001661
TS#: 00-00306
THIS DOCUMENT IS BEING SENT TO YOU
IN ACCORDANCE WITH CIVIL CODE
SECTION 2934. THE ORIGINAL OF THIS
DOCUMENT HAS CONCURRENTLY BEEN
SENT FOR RECORDING WITH THE
COUNTY RECORDER
SPACE ABOVE THIS LINE FOR RECORDER'S USE
AFFIDAVIT OF MAILING
FOR SUBSTITUTION OF TRUSTEE BY CODE
Trustor: Ell WARD L. SALDI VAR AND ESPERANZA C. SALDi VAR, -USBAND AND. WIFE AS
JOINT TENANTS
I, N, TRUSTEE SALE OFFICER, declare: That I am an officer, agent or employee of CTC Real Estate
Services, FKA CTC Foreclosure Services Corporation, whose business address is 400 Countrywide
Way SV-88, Simi Valley, California 93065.
I am over the age of eighteen years; On 04/13/00, by Certified and First Class mail, enclosed in, a3 sealed
envelope with postage fully prepaid, I deposited in the United States Mail, a copy of the attached
Substitution of Trustee to the trustee of record under the Deed of Trust described in said Substitution,
and;
A copy of the attached Substitution has been mailed prior to the recording thereof, in the manner
provided in Section 2924(b) of the Civil Code of the State of California to all persons to whom a copy
of the Notice of Default would be required to be mailed by the provisions of said section.
I certify (or declare) under penalty of perjury under the laws of the State of California that the foregoing
is true and correct.
Date:4/13/00
0 3k7-$
/S/ N
TRUSTEE SALE OFFICER
U05
RECORDING REQUESTED BY:
CTC REAL ESTATE SERVICES
AND WHEN RECORDED MAIL DOCUMENT
AND TAX STATEMENTS TO:
CTC REAL ESTATE SERVICES
400 COUNTRYWIDE WAY, SV-88
SIMI VALLEY, CA 93065
ATTN:
LOAN No.: 7683224
T.S. No.: 00-00306
INVESTOR/INSURER No.: 0467787853703
TSG No.: 077001661
THIS DOCUMENT IS BEING SENT TO YOU IN
ACCORDANCE WITH CIVIL CODE SECTION 2934. THE
ORIGINAL OF THIS DOCUMENT HAS CONCURRENTLY
BEEN SENT FOR RECORDING WITH THE COUNTY
RECORDER
SPACE ABOVE THIS LINE FOR RECORDER'S USE
SUBSTITUTION OF TRUSTEE
:'WHEREAS, EDWARD L. StLDIVAR AND ESPERAISIZA C. SALDIVAR., HUSBAND AND WIFE AS
JOINT TENANTS was the original Trustor, COACHELLA VALLEY FINANCIAL SERVICES
INCORPORATED was the original Trustee, and PALM SPRINGS SAVING BANK, FSB was the original
Beneficiary under that certain Deed of Trust dated 02/19/93 recorded on 02/25/93 as Instrument No. 73355 in
Book Page of Official Records of Riverside County, California;
WHEREAS, the undersigned is the present Beneficiary under said Deed of Trust, and
WHEREAS, the undersigned desires to substitute a new Trustee under said Deed of Trust in place and instead
of said original Trustee, or Successor Trustee, thereunder, in the manner in said Deed of Trust provided,
NOW THEREFORE, the undersigned hereby substitutes CTC REAL ESTATE SERVICES FKA CTC
FORECLOSURE SERVICES CORPORATION, A CALIFORNIA CORPORATION, WHOSE ADDRESS IS:
400 COUNTRYWIDE WAY SV-88, SIMI VALLEY, CA 93065, as Trustee under said Deed ofTrust.
Whenever the context hereof so requires, the masculine gender includes the feminine and/or neuter, and the
singular number includes the plural.
DATED: January 11, 2000
State of: California
County of:
Countrywide Home Loans, Inc., F.K.A. Countrywide Funding
Corporation
BY: /S/ Beneficiary or Investor
On , before me, , notary public, personally appeared
, personally known to me (or proved to me on the basis of
satisfactory evidence) to be the person(s) whose name(s) is/are subscribed to within instrument and acknowledged to me
that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the
instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument.
Witness my hand and official seal.
JESSICA STECK
A6