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HomeMy WebLinkAboutPK15-136 - Amendment - Eretz Capital LLC - Feasibility Contingency Extension - 06/30/2015 02AX << Records e e � 11-ZKENT :,. � , „,„�ro„ .. ,.. . Document WAS Wim CONTRACT COVER SHEET This is to be completed by the Contract Manager prior to submission to City Clerks Office. All portions are to be completed. If you have questions, please contact City Clerk's Office. Vendor Name: City of Kent - Seller / Eretz Capital LLC - Buyer Vendor Number: . JD Edwards Number � Contract Number: PK15-136- 00 This is assigned by City Clerk's Office Project Name: Vacant Land Purchase and Sale Agreement Description: ❑ Interlocal Agreement ❑ Change Order ® Amendment ❑ Contract ❑ Other: Contract Effective Date: 3/25/15 Termination Date: 5/1/15 - NEW Contract Renewal Notice (Days): Number of days required notice for termination or renewal or amendment Contract Manager: Brian Levenhagen Department: Parks Planning & Dev. Contract Amount: $75,000.00 Approval Authority: ❑ Department Director ❑Mayor ®City Council Detail: (i.e. address, location, parcel number, tax id, etc.): 3rd Extension of feasibility contingency period Tax parcel #222204-9111 (Old Fire Station Park property) at 3536 South 252n, Street in Kent. Buyer is Eretz Capital LLC Division Contract #PPD15-06 adccW10877 e 14 I Form 34 ©Copyright 2010 Addendum/Amendment to P$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 Sayer Su" and The City of Kent ("Seller)3 3ener Shier concerning 3536 S 252nd Street Kent WA 98032 (the"Property).4 Md. CRY state dp IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: 5 The mutual acceptance of that certain purchase and sale agreement dated March 17,2015,attached 6 hereto and incorporated herein by reference("Agreement") is reinstated subject to the following 7 amendments: 6 9 The Feasibility Contingency Expiration Date on NWMLS Form 35F is hereby changed to July 6, 10 2015,for the specific purposes of finalizing sewer and water line viability and confirming the 11 12 applicable fee schedule with City of Kent. 13 14 The Closing Date is hereby changed to July 20,2015,or sooner. 15 16 Except as provided herein, all other terms and provisions of the Agreement remain in full force and 17 effect. 19 20 21 22 23 24 25 26 27 26 29 30 ALL OTHER TERMS AND CONDITIONS of said Agreement remain unchanged. 31 i � -- 2 ICJ p Buyer's Initials bat. Buyers initials Dale Sellers Initials r6ale Seller's Initials Date REQUEST FOR MAYOR'S SIGNATURE I��PJT Dr r t o Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT) i Approved by Director_ � i Originator: Lynn Osborn Phone (Originator): 5111 Date Sent: 6/24/15 Date Required: 6/24/15 if at all possible Return Signed Document to: Lynn Osborn Contract Termination Date: 7/20/15 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: 4/7/15 _ (Required on Non-City Standard Contracts A reements Has this Document been Specifically Account Number: P21012 Authorized in the Budget? Q YES (j) 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, reinstating said Agreement. This amendment extends the buyer's feasibility contingency period through July 6, 2015 to finalize sewer and water line viability, and extends the closing date "through July 20, 2015". All Contracts Must Be Routed Through The Law Department (This area to be completed by the Law Department) " Received: Approval of Law Dept.: Law Dept, Comments: Date Forwarded to Mayor: Shaded Areas To Be Completed By Administration Staff Received: Recommendations and Comments: Disposition: C . Date Returned: :Garr n rm v aPesum� r sq ive.aoa