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CITY OF STOCKTON <br /> RICHARD K.DENHALTER OFFICE OF THE CITY ATTORNEY <br /> City Attorney CFTY HALL Deputy City Attorneys <br /> 425 North EI Dorado Street Michael T Rishwain <br /> BARBARA J.ANDERSON Stockton, CA 95202-1997 Guy D.Petzold <br /> Assistant City Attorney Telephone(209) 937-8333 Lauren P.Thomasson <br /> Facsimile (209)937-8898 Susana Alcala Wood <br /> Richard W.Taylor <br /> Douglas H. Calkins <br /> Investigator <br /> June $, 2001 Steven J.Hunt <br /> Claims Analyst <br /> Kathleen Williams <br /> Pam Raric <br /> State er Resources Board <br /> Un rground Storage Tank Cleanup Fund <br /> X <br /> Box 944212 <br /> cramento, California 94244-2120 <br /> Re: ASSIGNMENT OF PARTICIPATION IN UNDERGROUND STORAGE TANK <br /> CLEANUP FUND — (USTCF Claim Number 1651; 423 North Madison Street, <br /> Stockton California) <br /> Several months ago, Jeffrey Setness, counsel for the owners of the above property and <br /> the Claimant (Auto Investment Co. Associates), and I spoke with you about a proposed <br /> transaction, which would result in the City of Stockton's acquisition of the <br /> above-described property. The owner/Claimant and the City Council have each <br /> recently approved and executed the acquisition agreement. The parties wish to submit <br /> that document for your review of the proposed assignment of the owner/Claimant's <br /> participation rights in the USTCF to the City. A copy of the fully executed agreement is <br /> enclosed for your review and use. Please refer to section 14 for the assignment clause. <br /> This transaction will soon be in a position to allow the parties to close escrow, pending <br /> receipt of approval of the assignment of Claim Number 1651 and USTCF's consent for <br /> the City, as the assignee, to participate in the Fund on the same terms and conditions <br /> as the Claimant. <br /> Please contact the undersigned at (209) 937-8933 or Jeff Setness at (209) 473-8500 if <br /> you have any questions. Please advise of any actions necessary to complete the <br /> assignment upon your approval. We sincerely appreciate the expeditious and <br />