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HomeMy WebLinkAboutPK15-136 - Amendment - Eretz Capital LLC - Feasibility Waiver - 07/09/2015 Authentisign ID:64A56%B-SC6G-C-0CS-9D3i-9CG9FOAFUBE6 Form 34 ©Copyright 2010 Addendum/Amendment to P&S Northwest Multiple Listing Service Rev.7110 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 The City of Kent ("Seller")3 Seller Seller concerning 3536 S 252nd Street Kent WA 98032 (the "Property").4 Address City Sul. Zip IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: 5 Buyer waives feasibility contingency in NWMLS Form 34 subject to the following: 6 7 1. Buyer accepts sewer line in "as is" condition. 8 9 2. Purchase price is changed to 1167,500. 10 11 12 3. Verification of fees from Cynthia Riege, City of Kent, by July 6,2015. 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 [a 07/06/2015 Buyer's Initials Date Buyer's Initials Date Seller's Initials `? Date Seller's Initials Date Cooke, Suzette pt=+.` L € From: Komoto, Kim Sent: Thursday, July 09, 2015 10:38 AM To: Cooke, Suzette Subject: FW: FIRE STATION LOT Attachments: FEAS WAIVER.pdf From: Komoto, Kim Sent: Wednesday, July 08, 2015 3:57 PM To: Osborn, Lynn; Levenhagen, Brian Cc: Huynh, Phung Subject: FW: FIRE STATION LOT Brian: Can you tell me the original date the purchase and sale of the Old Fire Station property was approved by council in addition to the account number that the purchase will be paid from? Thanks, Kim Komoto, Legal Analyst Assistant to City Attorney Public Safety Committee Secretary Civil Division I Law Department Direct Line: 856-5788 From: Galazin, David _ ✓___ — _. Sent: Wednesday, July 08, 2015 3:33 PM To: Komoto, Kim Subject: FW: FIRE STATION LOT NOTICE: THIS MESSAGE IS PRIVATE AND PRIVILEGED. IF YOU ARE NOT THE PERSON MEANT TO RECEIVE THIS MESSAGE, PLEASE DELETE IT AND PLEASE DO NOT COPY OR SEND IT TO ANYONE ELSE. From: Jason Wilcox [mailto:jwilcoxCalsvn.com] Sent: Tuesday, July 07, 2015 9:34 AM To: Galazin, David; Levenhagen, Brian Subject: Fwd: FIRE STATION LOT David Good Morning, The Buyers agent for the Old Fire station Lot has forwarded a price change addenda. They are prepared to waive contingencies and close on July 20 pending acceptance on the price concession to a final sales price of $67,500.00,which is based on the uncertainty of the expenses associated with replacing the sewer line to current code standards. 1 Should the concession not be approved there are four back up offers pending. All were forwarded the information on the development requirements for the site prior to receiving their offers. But it is also likely that if a back up offer is accepted that that party would also push back on pricing one their due diligence is started. Please forward this for review and/or approval and let me know the intended action with the price change addenda. U will then advise the buyers agent as to to expect and also notify the back up offers of the sale status. Regards Jason D Wilcox CCIMI Managing Director Sperry Van Ness/Raven 317 West Meeker Street, Suite F., Kent, WA 98032 Phone 206.919.76431 Fax 425.968.1588 www.svnraven.com I Linked I SVN Difference All Sperry Van Ness®offices independently owned and operated. ---------- Forwarded message ---------- From: Larry Jassen <ljhomes(d)windermere.com> Date: Mon, Jul 6, 2015 at 6:22 PM Subject: FIRL STATION LOT To: "jwilcoxgsvn.com" <jwilcox a svn.com> Jason - See attached. Dan is willing to accept the sewer line without resolution but the cost could go very high, depending on what they actually find when ownership transfers and they start digging—could be 20K or more. Cindy said if the 4" line needs replacement, the new line has to be 6"...at least 100' and at least 4' deep! So Dan is asking the City to absorb a bit of the cost. The other provision that will be resolved tomorrow is that Cindy (who was not available today) said she would verify the fees by tomorrow. We're still on sched to close 7/20. Give me some feedback on this if you think there will be a prob asking for reduction. Thanks. 2 REQUEST FOR MAYOR'S SIGNATURE ICENT Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT) Approved by Director Originator: Kim Komoto Phone (Originator): 5788 Date Sent: vans Date Required: 7l9/15 Return Signed Document to: Kim Komoto Contract Termination Date: VENDOR NAME: Date Finance Notified: (Only required on conracts April 9, 2015 $ 000 and over Or,, an Grant DATE OF COUNCIL APPROVAL: Date Risk Manager Notified: N/A April 9,2015 (Required on Non-City Standard Contracts/A reements Has this Document been Specifically Account Number:() i.( , Authorized in the Budget? 0 YES 0 No ;a..; `` �; Y` Brief Explanation of Document: Addendum to Purchase and Sale Agreement for the property located at 3536 S 252nd Street in Kent in the amount of $67,000. 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: f Disposition: p, 11 � Date Returned: —6icmmFamsoo< am ago Taaqresi n, v .s�- ieo. — _._.._