2026-003 - approving economic development agreement and tax abatement agreement wiith Voland Hill - 5 in 5 Housing

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UNIFORM SINGLE -PARTY OR MULTIPLE -PARTY ACCOUNT SELECTION FORM. NOTICE, Tho: type of account you select may determine how property passes on your death. Your will may not control the disposition. of funds held in some. of the following accounts, You may choose to designate one or more convenience signers on art account, even if the account is aQt a convenience account. A designated convenience signer may make transactions on your, behalf during; your lifetime., but does not own the account during your lifetime. The designated convenience signer owns the account on. your death only if the. convenience. signer is also designated as a P.O.D. payee or trust account beneficiary. Select one of the following accounts by placing your initials next to the account selected: (I) SINGLE -PARTY ACCOUNT WITHOUT "P.O.D." (PAYABLE ON DEATH) DESMNATION. The party to the account owns the account. On thedeath of the party; owrrmbip, of the account passes n a. part of the party's estate under the party's will, or by intestacy. (2) SINGLE -PARTY ACCOUNT WITH "P.O.D;' (PAYABLE ON DEATH) DESIGNATION. The, party to the account owns the account. On the death of the party, ownership of the: account passes to the FORMS P.O.D. beneficiaries of the account. The account is not a part of the party's estate. (3). MULTIPLE -PARTY ACCOUNT WITHOUT RIGHT OF SURVIVORSHIP, The parties to the account own the account in proportion to the parties' net contributions to the account; The financial institution rnrtu: may pay any sum in the. account to a party at any time. On the death. of a party, the party's Ownership of the account passes as, a. part of the party's estate under the party's will or by intestacy. (4) MULTIPLE -PARTY ACCOUNT WITH RIGHT OF SURVIVORSHIP. The parties to the account own the account in proportion to the parties' net contributions to the account. The financial institution maypay tncer�r: "� any sum in the account to a party at any time. On the death of a party, the party's ownership, of the account passes to the survivingparties.. (5) MULTIPLE -PARTY ACCOUNT WITH RIGHT OR SURVIVORSHIP AND P,O.D, (EA.Y"ABLE, _ ON DEATH) DESIGNATION. The parties to the account own the account in proportion; to tb* parties,' net r�ra contributions to the account. The financial institution may pay any sum in the account to a party at any time: On the death of the last surviving party, the ownership of the account passes: to (Tie P.OM. beneficiaries. (6) CONVENIENCE ACCOUNT.. The parties to the account own the account One; or more convcnknee signers to the account may make account transactions for a party. A. convenience, signer does. not Qwn the ma �r5. account. On the death of the last surviving party, ownership of the account passes as a part of the last surviving party's estate under the Iast surviving party's will or by intestacy. Tbe, financiat institutiort may par funds in the account to a convenience signer before the financial institution. receives notice of thn death of the Iast surviving party. The payment to a convenience signer does not affect the. parties' ownership Of tha account. (T) TRUST ACCOUNT. The parties named as trustees to the, account own the account in proportion to the parties' net contributions to the account, A trustee may withdiaw funds from, the account. A beneficiary may r^rg not withdraw funds from the account before all trustees are deceased. On. the death of the last surviving trustee, the. ownership of the account passes to the beneficiary: The trust account is not a part of a. trustee's estate and does not pass under. the trustee's will or by intestacy, unless the: trustee survives; alt of the: beneficiaries and all other trustees. ACKNOWLEDGMENT. T acknowledge that I have read each paragraph. of this form and have received disclosure Of the owners hsp rights to the accounts listed above. I have placed my initials next to the type of account I want. Date CAROL.�� VOLANDA HILL WALLACEACE HILL. late' User M� I�RSAI@I1 7Y3BYiI6tlAlalll�ll5 lllln�lllll', &III�6 II�I5611UIn0II�III4Y11111V�11lMIAY��VC ��1016N�'MI�