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<br />II. OWNERSHIP AND MANAGEMENT PLAN <br /> <br />The Committee holds an option to purchase the Cemetery for $1.00. The option <br />agreement expires in April of 2006. An option would be for the Committee to <br />form a California not-for-profit corporation and own and operate the Cemetery. <br />However, this approach would require the Cemetery to fall under the California <br />Cemetery and Funeral Bureau. Therefore, the new cemetery corporation would <br />need to secure a Certificate of Authority. The requirements of such a certificate <br />are as follows: <br /> <br />CERTIFICATE OF AUTHORITY REQUIREMEN1S <br />(Cemetery and Funeral Bureau Fact Sheet) <br /> <br />A cemetery is a place for disposition of human remains. Generally, private <br />cemeteries are required to obtain and maintain a state license, ,referred to as a <br />Certificate of Authority. A cemetery must be operated under the supervision of a <br />managing officer who has received a passing score on the Cemetery Manager <br />examination administered by the Cemetery and Funeral Bureau. <br /> <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />I <br />( <br /> <br />To obtain a Certificate of Authority for operation of a cemetery, a business must <br />meet the following requirements: <br /> <br />. Submit a completed application fonn, a filing fee of $400, and a regulatory <br />fee of $400 to the Cemetery and Funeral Bureau, P. O. Box 989003, West <br />Sacramento, CA 95798-9003. <br /> <br />. Provide a copy of (1) the Articles of Incorporation (for a corporation) or <br />partnership agreement (for a partnership), (2) the land use or zoning <br />permit (and/or the application submitted to the city or county planning <br />commission), (3) the deed to the property, contract of purchase, or other <br />evidence of property ownership, (4) the permit to sell and issue securities <br />(and/or the permit application), (5) the declaration of dedication to <br />cemetery purposes certified by the county recorder, and (6) the <br />endowment care trust agreement executed by the cemetery's board of <br />trustees. <br /> <br />. Submit independent confirmation from the depository, or other proof of <br />deposit ofthe initial contribution to the ECF. <br /> <br />. Provide a detailed map of the proposed cemetery site and surrounding <br />areas and delineating the area to be initially developed. <br /> <br />. Post a $50,000 fidelity bond on all officers and employees. <br /> <br />. Provide a signed statement which includes the following information: <br /> <br />8 <br />