Correspondence} City of Kalispell
Post Office Box 1997 - Kalispell, Montana 59903-1997 - Telephone (406)758-7700 Fax (406)758-7758
September 23, 2005
Mr. Jerry Scott
Mrs. Laverne Scott
J and L Subdivision
170 Double Lake Lane
Kalispell, MT 59901
Re: Certificate of Deposit
J and L Subdivision 30 & 33 Meridian Road, Kalispell
Dear Mr. and Mrs. Scott,
Enclosed is First Interstate Bank Certificate of Deposit in the amount of $1,875.00 that
you posted with the City of Kalispell. Having met all requirements the Certificate is now
released. Also enclosed is First Interstate Bank Summary of Current Balance in the
amount of $1,901.78 as of May 25, 2005.
Sincerely,
Carol L. Kostman
City Treasurer
Enclosure:
cc: Theresa White, City Clerk
Amy H. Robertson, Finance Director
Charlie Harball, City Attorney
Susan Moyer, Comm. Development Director
Jim Hansz, Public Works Director
Mike Baker, Parks Director
Craig Kerzman, Building Dept.
Tom Jentz, Planning Dept.
P.J. Sorensen, Zoning
Financial Institution: First Interstate Bank, Kalispell Branch
2 Main Street, P.O. Box 7130, Kalispell, MT 59904-0130
Number:
Account Name: JERRY L SCOTT, M LAVERNE SCOTT or CITY OF KALISPELL SSN/TIN: 549-78-0952
OWNERSHIP TYPE: Multiple -Party With Right of Survivorship
Account Number Issue Date I Deposit Amount Term Maturity Date
2300008178 1 November 10, 2003 1 $1,875.00 18 Months I May 10, 2005
Rate Information: This Account is an interest bearing account. The interest rate on the account is 0.95% with an annual percentage yield of 0.95%.
The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect until May 10, 2005. Interest
begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded annually and will be credited to
the account annually. Interest on your account will be credited by adding the interest to the principal. The annual percentage yield assumes interest
will remain on deposit until maturity. A withdrawal will reduce earnings.
Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the
average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the
period and dividing that figure by the number of days in the period. We will use an interest accrual basis of 365 for each day in the year. You must
maintain a minimum average daily balance of $1,000.00 to obtain the disclosed annual percentage yield. The average daily balance is calculated by
adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make
withdrawals from your account until the maturity date.
Time Account Information: Your account will mature on May 10, 2005. If you withdraw any of the principal before the maturity date, we may impose
a penalty of six (6) month's interest on the amount withdrawn. This account will automatically renew. You will have ten (10) Calendar Days after the
maturity date to withdraw funds without penalty.
Account Fees: The following fee applies to this account: Special Cut -Off Statement Printing:
NON TRANSFERABLE — NON NEGOTIABLE �e 1si!rre*dTiile6fAedFinanciallnsti tionsigner
t
TIME DEPOSIT AGREEMENT — 1 23 M NTH AUTO RENEW CD
We appreciate your decision to open a time deposit account with us. This Agreement,sets forth certain conditions, rates, and rules that are specific to
your Account. Each signer acknowledges that the Account Holder named has placd -ern deposit with the Financial Institution the Deposit Amount
indicated, and has agreed to keep the funds on deposit until the Maturity Date. As used in this Agreement, the words 'you", "your" or "yours" mean the
Account Holder(s), the word "Account" means this Time Deposit Account and the word "Agreement" means this Time Deposit Agreement, and the words
"we", "us" and "our" mean the Financial Institution. This Account is effective as of the Issue Date and is valid as of the dale we receive credit for noncash
items (such as checks drawn on other financial institutions) deposited to open the Account. Deposits of foreign currency will be converted to U.S. funds
as of the date of deposit and will be reflected as such on our records.
INTEREST RATE. The interest rate is the annual rate of interest paid on the Account which does not reflect compounding ("Interest Rate"), and is
based upon the interest accrual basis described above.
AUTOMATIC RENEWAL POLICY. if the Account will automatically renew as described above, the principal amount and all paid earned interest that
has not been withdrawn will automatically renew on each Maturity Date for an identical period of time as the original deposit term. Interest on renewed
accounts will be calculated at the interest rate then in effect for time deposits of that Deposit Amount and term. f you wish to withdraw funds from your
Account, you must notify us during the grace period after the Maturity Date.
EARLY WITHDRAWAL PENALTY. You have agreed to keep the funds on deposit until the Maturity Date of your Account. Any withdrawal of all or part
of the funds from your Account prior to maturity may result in an early withdrawal penalty. We will consider requests for early withdrawal and, if granted,
the penalty as specified above will apply.
Minimum Required Penalty. If you withdraw money within six (6) days after the date of deposit, the Minimum Required penalty is seven (7) days
simple interest on the withdrawn funds. If partial early withdrawal(s) are permitted, we are required to impose the Minimum Required Penalty on the
amount(s) withdrawn within six (6) days after each partial withdrawal. The early withdrawal penalty may be more than the Minimum Required Penalty.
You pay the early withdrawal penalty by forfeiting part of the accrued interest on the Account. If your Account has not earned enough interest, or if the
interest has been paid, we take the difference from the principal amount of your Account.
Exceptions. We may let you withdraw money from your Account before the Maturity Date without an early withdrawal penalty: (1) when one or
more of you dies or is determined legally incompetent by a court or other administrative body of competent jurisdiction; or (2) when the Account is an
Individual Retirement Account (IRA) established in accordance with 26 USC 408 and the money is paid within seven (7) days after the Account is
opened; or (3) when the Account is a Keogh Plan (Keogh), if you forfeit at least the interest earned on the withdrawn funds; or (4) if the Account is an
IRA or(a Keo h Plan established pursuant to 26 USC 408 or 26 USC 401, when you reach age 59 1/2 or become disabled; or (5) within an applicable
grace period ?if any).
RIGHT OF SETOFF. Subject to applicable law, we may exercise our right of setoff or security interest against any and all of your Accounts (except IRA,
Keogh plan and Trust Accounts) without notice, for any liability or debt of any of you, whether joint or individual, whether direct or contingent, whether
now or hereafter existing, and whether arising from overdrafts, endorsements, guarantees, loans, attachments, garnishments, levies, attorneys' fees, or
other obligations. If the Account is a joint or multiple -party account, each joint or multiple -party account holder authorizes us to exercise our right of
setoff against any and all Accounts of each Account Holder.
Page 1 of 2
JERRY L SCOTT, M LAVERNE SCOTT or CITY OF
KALISPELL
TO: 10 S MERIDIAN RD
KALISPELL, MT 59901
DATE: November 10, 2003
Original: Customer
Print i wv v �S G as5i 9 v v N
Of b tl l-d'"A 6-, Avis , 6 , A,v (Zr
19 AUTO <100K* 2300008178 FIRST INTERSTATE BANK 5/25/2005 10:48,47 AM
Rel Birthdate
Phone
Tax Identification
[01] JERRY L SCOTT
May 03,
[H] (406) 755-0755
SSN 549-78-0952
1947
[03] M LAVERNE SCOTT
May 21,
[H] (406) 755-0755
SSN 543-48-2120
1944
[04] CITY OF KALISPELL
*
[H] (406) 755-0755
EIN 81-6001281
[B] (406) 758-7750
10 S MERIDIAN RD
KALISPELL MT 59901-4264
Tax Name: [1] JERRY L SCOTT
Account Classification
Portfolio: 203975 Responsibility Code: [0]
Product: [312319] 19 AUTO <100K* Account Type Code: [0]
Accounting Branch: [23]
Memo Balance:
$1,901.78
Term:
18 Months
Current Balance:
$1,901.78
Maturity Date:
Nov 10, 2006
Interest Balance:
$1.76
Last Anniversary May 10,
$1,901.78
2005:
Redemption Amount:
$1,882.14
Last Deposit Nov 10, 2003:
$1,875.00
Forfeiture:
$21.40
Date Opened:
Nov 10, 2003
Current Rate:
2.2500%
Current Accrued Interest:
$1.76
Current Rate:
2.2500%
Date Accrued Through:
May 24, 2005
Current Effective Rate:
2.2500%
Date Next Interest:
Nov 09, 2005
Deposit Rate Index:
[36] 12/23MOCD(23,49,ETC)
Interest Payment Frequency:
Annually
Compounding Code:
Simple
Interest Payment Method:
Compound
Reg DD Compound
Annually
Frequency:
Days Into This Period:
15
Interest Method:
[0] Date of Deposit-365/365
Previous Accrued Interest:
$1.64
Interest Reporting Code:
1099-INT
Last Interest May 09, 2005:
$8.92
Withholding Code:
No Withholding
Balance Last Interest:
$1,901.78
Rate Change Frequency:
At Maturity
Net Interest Adjustment:
$0.00
Rate Change Method:
[B] Variable Rate
Interest This Period:
$21.57
Base Rate:
2.2500%
Total Days This Period:
184
Maturity Rate Method:
Current Rate
Maturity Date:
Nov 10, 2006
Interest Cycle Rates
May 10, 2005
2.2500%
httD:Hgator-136.itechcorporation. com/COD_COD 1151/COD 1151. aspx?Action=PRINT&... 5/25/2005
September 21, 2005
TO: Carol Kostman
Carol,
On Jerry and Laverne Scott/J and L Subdivision, they have finished with a weed -free mix
in accordance and planted three trees on the boulevard. The check of $1,901.78 can be
released.
Thank you and if you have any questions please call me, 758-7716.
Mike Baker
October 22, 2004
First Interstate Bank
2 Main St.
Kalispell, MT 59901
Gentlemen:
In connection with the annual audit of our basic financial statements, please provide
directly to our auditors the following information concerning the depository accounts you
held for us on June 30, 2004. A self-addressed stamped envelope is enclosed for your
c Gri V ulli Vricz.
Sincerely,
(Gove mei is Name)
DEPOSITS
Account Number and Type
r23,LLL ? -
,P �go 1 ,-2 rl
(Tax ID Number)
Account Balance
1 5? 7S-
The followin depository institution official provided this information.
Name:
Title: ' l� -f ,L
Date: e t C, L
Signature: ``�
Please mail complete form to Denning, Downey and Associates, CPA's P.C.
1740 Hwy 93 South, Suite 101, Kalispell, MT 59901
City of Kalispell Public Works Department
Post Office Box 1997, Kalispell, Montana 59903-1997 - Telephone (406)758-7720, Fax (406)758-7831
April 20, 2004
Jerry & Laverne Scott
10 South Meridian
Kalispell, Montanta 59901
RE: J & L Subdivision
Kalispell, Montana
Dear Mr. Scott:
Based upon Paul J. Stokes & Associates, Inc., letter dated April 8, 2004, and our cursory
examination of the project site, the construction of the City's infrastructure within the
project site, to date, meets the intent of the approved plans and specifications.
If you have any questions, please do not hesitate to contact this office.
Since y,
Frank Castles, P.E.
Assistant City Engineer
Cc: Charlie Harball, City Attorney
Paul J. Stokes & Associates, Inc.
Ed Engel, Project Engineer
Financial Institution: First Interstate Bank, Kalispell Branch
2 Main Street, P.O. Box 7130, Kalispell, MT 59904-0130
2300008174
Account Name: JERRY L SCOTT, M LAVERNE SCOTT or CITY OF KALISPELL SSNrrIN: 549-78-0952
OWNERSHIP TYPE: Multiple -Party With Right of Survivorship
Account Number Issue Date I Deposit Amount Term Maturity Date
2300008174 1 November 5, 2003 $11,812.50 18 Months May 5, 2005
Rate Information: This Account is an interest bearing account. The interest rate on the account is 0.95% with an annual percentage yield of 0.95%.
The interest rate and annual percentage yield will not change for the term of the account. The interest rate will be in effect until May 5, 2005. Interest
begins to accrue on the business day you deposit noncash items (for example, checks). Interest will be compounded annually and will be credited to
the account annually. Interest on your account will be credited by adding the interest to the principal. The annual percentage yield assumes interest
will remain on deposit until maturity. A withdrawal will reduce earnings.
Balance Information: We use the average daily balance method to calculate interest on your account. This method applies a periodic rate to the
average daily balance in the account for the period. The average daily balance is calculated by adding the principal in the account for each day of the
period and dividing that figure by the number of days in the period. We will use an interest accrual basis of 365 for each day in the year. You must
maintain a minimum average daily balance of $1,000.00 to obtain the disclosed annual percentage yield. The average daily balance is calculated by
adding the principal in the account for each day of the period and dividing that figure by the number of days in the period.
Limitations: You must deposit $1,000.00 to open this account. You may not make additional deposits into this account. You may not make
withdrawals from your account until the maturity date.
Time Account Information: Your account will mature on May 5, 2005. If you withdraw any of the principal before the maturity date, we may impose
a penalty of six (6) month's interest on the amount withdrawn. This account will automatically renew. You will have ten (10) Calendar Days after the
maturity date to withdraw funds without penalty.
Account Fees: The following fee applies to this account: Special Cut -Off Statement Printing: $5.
Member Signa r nd Tit of Autho d i cial Institution Signer
NON TRANSFERABLE - NON NEGOTIABLE FDIC
TIME DEPOSIT AGREEMENT 12-23 MONTH AUTO RENEW CD
We appreciate your decision to open a time deposit account with us. This Agreement sets forth certain conditions, rates, and rules that are specific to
your Account. Each signer acknowledges that the Account Holder named has placed on deposit with the Financial Institution the Deposit Amount
Indicated, and has agreed to keep the funds on deposit until the Maturity Date. As used In this Agreement, the words "you", "your" or "yours" mean the
Account Holder(s), the word "Account" means this Time Deposit Account and the word "Agreement" means this Time Deposit Agreement, and the words
"we", "us" and "our" mean the Financial Institution. This Account is effective as of the Issue Date and is valid as of the date we receive credit for noncash
items (such as checks drawn on other financial institutions) deposited to open the Account. Deposits of foreign currency will be converted to U.S. funds
as of the date of deposit and will be reflected as such on our records.
INTEREST RATE. The interest rate is the annual rate of interest paid on the Account which does not reflect compounding ("Interest Rate"), and is
based upon the interest accrual basis described above.
AUTOMATIC RENEWAL POLICY. If the Account will automatically renew as described above, the principal amount and all paid earned interest that
has not been withdrawn will automatically renew on each Maturity Date for an identical period of time as the oriy,inal deposit term. Interest on renewed
accounts will be calculated at the interest rate then in effect for time deposits of that Deposit Amount and term. f you wish to withdraw funds from your
Account, you must notify us during the grace period after the Maturity Date.
EARLY WITHDRAWAL PENALTY. You have agreed to keep the funds on deposit until the Maturity Date of your Account. Any withdrawal of all or part
of the funds from your Account prior to maturity may result in an early withdrawal penalty. We will consider requests for early withdrawal and, if granted,
the penalty as specified above will apply.
Minimum Required Penalty. If you withdraw money within six (6) days after the date of deposit, the Minimum Required penalty is seven (7) days'
simple interest on the withdrawn funds. If partial early withdrawal(s) are permitted, we are required to impose the Minimum Required Penalty on the
amount(s) withdrawn within six (6) days after each partial withdrawal(. The early withdrawal penalty may be more than the Minimum Required Penalty.
You pay the early withdrawal penalty by forfeiting part of the accrued interest on the Account. If your Account has not earned enough interest, or if the
interest has been paid, we take the difference from the principal amount of your Account.
Exceptions. We may let you withdraw money from your Account before the Maturity Date without an early withdrawal penalty: (1) when one or
more of you dies or is determined legally incompetent by a court or other administrative body of competent jurisdiction; or (2) when the Account is an
Individual Retirement Account (IRA) established in accordance with 26 USC 408 and the money is paid within seven (7) days after the Account is
opened; or (3) when the Account is a Keogh Plan (Keogh), if you forfeit at least the interest earned on the withdrawn funds; or (4) if the Account is an
IRA or a Keogh Plan established pursuant to 26 USC 408 or 26 USC 401, when you reach age 59 1/2 or become disabled; or (5) within an applicable
grace period (if any).
RIGHT OF SETOFF. Subject to applicable law, we may exercise our right of setoff or security interest against any and all of your Accounts (except IRA,
Keogh plan and Trust Accounts) without notice, for any liability or debt of any of you, whether joint or individual, whether direct or contingent, whether
now or hereafter existing, and whether arising from overdrafts, endorsements, guarantees, loans, attachments, garnishments, levies, attorneys' fees, or
other obligations. If the Account is a joint or multiple -party account, each joint or multiple -party account holder authorizes us to exercise our right of
setoff against any and all Accounts of each Account Holder.
Page 1 of 2
JERRY L SCOTT, M LAVERNE SCOTT or CITY OF
KALISPELL
TO: 10 S MERIDIAN RD
KALISPELL, MT 59901
DATE: November 5, 2003
Original: Customer
RE CP--i v c-
L— D
PAuL J. SToKEs & Assocmm, INc. zu:i 11, 1"
Consulting Engineers 7Tk E —IS p —EL L CITY CLERK
322 Second Avenue West, Suite B
April 8, 2004 Kalispell, NIT 59"1
Telephone (406) 755-8707
City of Kalispell FAX (406) 755-2613
City Council
P.O. Box 1997
Kalispell, MT 59903-1997
RE: Partial Release of Collateral in Support of the
Subdivision Improvement Agreement for the
Final Plat of the J & L Subdivision
Dear City Council Members;
Reference is made to the above project. This is to certify:
® All required improvements included in the Subdivision Improvement Agreement are complete with the
exception of the landscaping;
• The improvements are in compliance with the minimum standards specified by the City of Kalispell;
® The subdivider knows of no defects in these improvements; and
• All applicable fees and surcharges have been paid.
The value of the completed work is $9,450.00 and the amount of the collateral for the completed work at 125%, is
$11,812.50.
The completed improvements are collateralized with a Time Deposit at First Interstate Bank, Account Number
2300008174, in the amount of $11,812,50, We request that the collateral for this amount be released.
The landscaping is collateralized separately in the amount of $1875.00.
We have performed the final inspection on the above referenced project. All construction that we observed was
found to be in substantial conformance with the approved plan and City of Kalispell and MDEQ regulations.
If you need any additional information please feel free to contact our office.
Sincerely,
PAUL J. STOKES & ASSOCIATES, INC.
Ed Engel, P.EU EDWARD
Project Engineer -a EN2EL X
'3 12T 2PE LQ
OAF c: Jerry and LaVerne Scott /STE
file IVAU