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0 <br /> CITY OF STOCKTON <br /> OFFICE OF THE CITY ATTORNEY <br /> RICHARD K. DENHALTER CITY HALL Deputy City Attorneys <br /> City Attorney 425 North EI Dorado Street _ Michael T. Rishwain <br /> StocktonCA 95202-1997 Guy D.Petzold <br /> BARBARA J.ANDERSON , Lauren P.Thomasson <br /> Assistant City Attorney Telephone(209) 937-8333 Susana Alcala Wood <br /> Facsimile (209) 937.8898 Richard W.Taylor <br /> Douglas H.Calkins <br /> Investigator <br /> Steven J.Hunt <br /> June 8, 2001 <br /> Claims Analyst <br /> Kathleen Williams <br /> X <br /> esources Board <br /> Storage Tank Cleanup Fund <br /> 212 <br /> California 94244-2120 <br /> Re: ASSIGNMENT OF PARTICIPATION IN UNDERGROUND STORAGE TANK <br /> CLEANUP FUND — (USTCF Claim Number 8294; 424 North Van Buren Street <br /> and 411 North Monroe Street Stockton CA) <br /> Several months ago, Jeffrey Setness, counsel for the owners of the above properties <br /> and the Claimant (Auto Investment Co. Associates), and I spoke with you about a <br /> proposed transaction which would result in the City of Stockton's acquisition of the <br /> above-described properties. 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 16 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 8294 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 Jeffrey Setness at (209) 473-8500 <br /> if you have any questions. Please advise of any actions necessary to complete the <br />