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Unclaimed FundsThe Federal Deposit Insurance Corporation (FDIC) provides deposit insurance to financial institutions and depositors of these institutions. If a financial institution is closed, by a regulatory agency, the FDIC is appointed as Receiver and is responsible for the payment of insured deposits and the liquidation of the remaining assets. If you did not claim your funds previously you now have another opportunity to do so. Review the "How to claim your funds" section below and complete the attached form. Why does FDIC have unclaimed funds? When a failed financial institution (ban...
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Trust Deed Rescission https://www.shellharbour.nsw.gov.au/FileData/pdf/11.7%201%20May%2007.pdf SHELLHARBOUR CITY COUNCIL Ordinary Council Meeting – 1 May 2007 1 Subject 11.7 Affixing Council Seal to Deed of Rescission - Lot 6038 Killalea Drive, Shell Cove (8718264) To the General Manager Division: Operations & Services Division Department: Corporate Services Manager: Tim McLeod - Manager Property Author: Kim Cavanough - Corporate Property Officer Summary This report seeks Council approval to affix the Seal of Council on the Deed of Rescission for Lot 6038 Killalea Drive, Shell Cove. Recommendation That Council resolve to affix the Seal of Council to the Deed of Rescission for Lot 6038 Killalea Drive, Shell Cove. Background As previously reported to Council, the Department of Local Government issued a Circular on 10 December 1996 advising that a Council Seal can be affixed to a document only after the Council has resolved that the Seal be affixed. The resolution must specifically refer to the document and the document must relate to the Council business. The power to authorise the affixing of the Seal can only be exercised by the Council. It cannot be delegated to a committee or employee (Section 377 of the Local Government Act 1993, as amended). Marksman Homes Pty Limited have entered into a contract for the purchase of Lot 6038 Killalea Drive, Shell Cove from Council. We have received instructions from the solicitors that the contract was entered into with the incorrect name of purchaser. The contract should read Shellharbour Management Pty Ltd as Trustee for Shellharbour Superannuation Fund Trust. Apart from the name change, all other details of the contract remain the same. In order to amend the contract, a Deed of Rescission needs to be signed. Consultations Internal Shell Cove Commercial Manager External Heard McEwan Legal SHELLHARBOUR CITY COUNCIL Ordinary Council Meeting – 1 May 2007 2 Considerations Financial/resources implications Nil Legal & policy implications This is a requirement of the Local Government (General) Regulation 2005. Public/social impact Nil Options There is no option as it is a requirement of the Local Government act 1993, as amended, and its Regulations for there to be a Resolution of Council in order to affix the Seal on documents. Conclusions In order to complete the Deed of Rescission it is a requirement that the Seal of Council be affixed to this document. Approved for Council's consideration: Attachments 1. Nil Back
Trust Deed Rescission https://www.shellharbour.nsw.gov.au/FileData/pdf/11.7%201%20May%2007.pdf SHELLHARBOUR CITY COUNCIL Ordinary Council Meeting – 1 May 2007 1 Subject 11.7 Affixing Council Seal to Deed of Rescission - Lot 6038 Killalea Drive, Shell Cove (8718264) To the General Manager Division: Operations & Services Division Department: Corporate Services Manager: Tim McLeod - Manager Property Author: Kim Cavanough - Corporate Property Officer Summary This report seeks Council approval to affix the Seal of Council on the Deed of Rescission for Lot 6038 Killalea Drive, Shell Cove. Recommendation That Council resolve to affix the Seal of Council to the Deed of Rescission for Lot 6038 Killalea Drive, Shell Cove. Background As previously reported to Council, the Department of Local Government issued a Circular on 10 December 1996 advising that a Council Seal can be affixed to a document only after the Council has resolved that the Seal be affixed. The resolution must specifically refer to the document and the document must relate to the Council business. The power to authorise the affixing of the Seal can only be exercised by the Council. It cannot be delegated to a committee or employee (Section 377 of the Local Government Act 1993, as amended). Marksman Homes Pty Limited have entered into a contract for the purchase of Lot 6038 Killalea Drive, Shell Cove from Council. We have received instructions from the solicitors that the contract was entered into with the incorrect name of purchaser. The contract should read Shellharbour Management Pty Ltd as Trustee for Shellharbour Superannuation Fund Trust. Apart from the name change, all other details of the contract remain the same. In order to amend the contract, a Deed of Rescission needs to be signed. Consultations Internal Shell Cove Commercial Manager External Heard McEwan Legal SHELLHARBOUR CITY COUNCIL Ordinary Council Meeting – 1 May 2007 2 Considerations Financial/resources implications Nil Legal & policy implications This is a requirement of the Local Government (General) Regulation 2005. Public/social impact Nil Options There is no option as it is a requirement of the Local Government act 1993, as amended, and its Regulations for there to be a Resolution of Council in order to affix the Seal on documents. Conclusions In order to complete the Deed of Rescission it is a requirement that the Seal of Council be affixed to this document. Approved for Council's consideration: Attachments 1. Nil Back