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CALIFORNIA BANK & TRUST v. SHILO INN, MOSES LAKE, INC., 2:12-CV-00161 LRS. (2015)

Court: District Court, D. Washington Number: infdco20150616c51 Visitors: 17
Filed: Jun. 15, 2015
Latest Update: Jun. 15, 2015
Summary: ORDER FOR DISMISSAL WITHOUT PREJUDICE SUBJECT TO REOPENING LONNY R. SUKO , District Judge . Having read and considered the Stipulation for Dismissal Without Prejudice Subject to Reopening submitted by Plaintiff California Bank & Trust (the "Plaintiff" or "CB&T") and Defendant Shilo Inn, Moses Lake, Inc. ("Borrower"), the Court finds the following: A. On January 22, 2015, this Court entered the Amended Order re Pending Motion (the "Order") (ECF No. 154) granting the motion brought by Plaint
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ORDER FOR DISMISSAL WITHOUT PREJUDICE SUBJECT TO REOPENING

Having read and considered the Stipulation for Dismissal Without Prejudice Subject to Reopening submitted by Plaintiff California Bank & Trust (the "Plaintiff" or "CB&T") and Defendant Shilo Inn, Moses Lake, Inc. ("Borrower"), the Court finds the following:

A. On January 22, 2015, this Court entered the Amended Order re Pending Motion (the "Order") (ECF No. 154) granting the motion brought by Plaintiff California Bank & Trust as assignee of the Federal Deposit Insurance Corporation, as receiver for Vineyard Bank, a California banking Corporation ("CB&T" or "Plaintiff") for partial summary judgment for judicial foreclosure. The Order also dismissed the counterclaims of Shilo Inn, Moses Lake, Inc. (the "Borrower").

B. That same day, this Court entered a Judgment in a Civil Action dismissing Borrower's counterclaims.

C. On January 23, 2015, this Court entered an Amended Order re: Pending Motions (ECF No. 156), to fix a typographical error.

D. On January 30, 2015 this Court issued a Writ of Execution for the sale of the real and personal property.

E. Plaintiff and the Borrower have reached a Settlement Agreement that provides, among other things, for certain actions to be taken by the Borrower, including the payment of funds to Plaintiff.

ACCORDINGLY, it is hereby ORDERED, ADJUDGED, AND DECREED THAT:

1. Plaintiff's claims in this case are hereby DISMISSED WITHOUT PREJUDICE AND SUBJECT TO REOPENING;

2. If the Borrower fails to meet any of the obligations set forth in the Settlement Agreement, counsel for Plaintiff is authorized to file the Stipulation Re: Reopening Proceedings attached hereto as Exhibit 1 so that this proceeding shall be reopened;

3. All previous orders and rulings remain in full force and effect upon reopening;

4. After the reopening of this proceeding, counsel for Plaintiff is authorized to file for entry by the Court the Writ of Execution attached hereto as Ex. 2, the Stipulation for Order Appointing Receiver attached hereto as Exhibit 3, and declaration by a CB&T representative on the form attached hereto as Exhibit 4; and

5. After the reopening of this proceeding and after completion of the foreclosure sale, counsel for Plaintiff is authorized to obtain a Judgment pursuant to the terms of the Court's Amended Order on January 23, 2015.

IT IS SO ORDERED.

Source:  Leagle

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