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HomeMy WebLinkAboutPK15-136 - Amendment - Eretz Capital LLC - Feasibility Contingency Extension - 04/09/2015 REQUEST FOR MAYOR'SSIGNATURE I�EAII 01 in Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT) Approved by Directorw_. - Orl g Inator: Lyn nOs born for BrianLevenhagen Phone Orl inator):_5111 Date Sent:4/8/2015 Date Required: asap please Return SI ned Document t0: Lynn Osborn Contract Termination Date:4/24/2015 VENDOR NAME. Date Finance Notified: (Only required on contracts 10 000 and over or on any Grant) DATE OF COUNCIL APPROVAL. Date Risk Manager Notified: 4/7/2015 _ (Required on Non-City Standard Contracts/Agreements) Has this Document been Specifically Account Number: ��1 ®� Authorized in the Budget? Q YES 0 NO Brief Explanation of Document: An amendment to the Vacant Land Purchase and Sale Agreement for tax parcel number 222204-9111 (Old Fire Station Park property) at 3536 South 252nd Street in Kent, which was executed 3/25/2015 with Buyer Eretz Capital LLC. This amendment extends the buyer's feasibility contingency period through April 13, 2015 and changes the closing date to "on or before April 24, 2015". All Contracts Must Be Routed Through The Law Department (This area:to be completed by the Law Department) Received: Approval of Law Dept.: P a r Law Dept. Comments: Date Forwarded to Mayor: ' Shaded Areas To Be Completed By Administration Staff Received: Recommendations and Comments: Disposition. Date Returned: P',gvlF "—I Agfteqesl brAy 9 Wre.docx Authentisign ED:7D427EF3-3C5645FM695-522BOF90FF07 Form 34 ©Copyright 2010 Addendum/Amendment to P&S Northwest Multiple Listing Service Rev.7/10 ALL RIGHTS RESERVED Page 1 of 1 ADDENDUM/AMENDMENT TO PURCHASE AND SALE AGREEMENT The following is part of the Purchase and Sale Agreement dated March 17,2015 1 between Eretz Capital LLC and/or assigns ("Buyer°)2 ' Buyer Buyer and City of Kent ("Seller")3 Bellar seder concerning 3536 S 252nd Street Kent WA 98032 (the "Property").4 Address City State ZIP IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: 5 Feasibility contingency is extended through April 13, 2015. 6 7 Closing date is changed to "on or before April 24, 2015." 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ALL OTHER TERMS AND CONDITIONS of said Agreement remain unchanged. 31 1 10-4 04/07/2015 Buyer's Initials Date Buyer's Initials Date Seller's Initials Date Seller's Initials /j / Date