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HomeMy WebLinkAboutPW16-101 - Other - Boos, Larson, McMillan - Assignment of Buyer's Interest - 03/16/2016 - I ecords M,,,a,-n.'a` _ g---e-'­'T_" KENT WAS o-a i rr q T O ra ,� a�+'Nl;r , "r"�:„m� , a;*; s" �,���.'1"��� ,�r:'] Document CO NTRACT COVER SHEET This is to be completed let the Contract Manager prior to submission to City Clerks Office. All portions are to he cmm l ted. If you have questions, please contact City Clerk's Office. Vendor 'arne: boos Vendor Number- .JD Edwards Number Contract Number.- This is assigned by City Clerk's Office Project Name, - t MIOMK of 5�f ty Kn r- Description. ❑ Interlocal Agreement ❑ Chance Order ❑ Amendment El Contract Other ' ' t Contract Effective Date: Termination Date:KLr Conti-act renewal Hotic (Days): Number of clays required notice for termination or renewal or amendment Contract Manager., 1,1IM � Dapartrnent. VU1011c Noocs 1 Contract Amount., Approval Authority." ❑ Department Director E]Mayor Ocity Council 2- #LP11 Detail.- (Le. address, location, parcel number, tax p ® etc.).. 1 . —� '7 ®L VI'MA00 _ .ino 1 "_AVTV)e4 500r)Q5 . adccWI0877_8_14 fkuthentWgn ID:B4gB4Eg4-6ED2-4CAB-BBAE-5A4D3BO1E31q Form 32 (,")Copyright 2006 Assignment of Buyer's Interest Northwest Multiple Listing Service Rev,6/06 ASSIGNMENT OF BUYER'S INTEREST IN ALL RIGHTS RESERVED Page 1 of 1 PURCHASE AND SALE AGREEMENT This Assignment of Buyer's Interest in Purchase and Sale Agreement ("Assignment") is made 1 by Kent Barber And/or Assigned ("Assignor") 2 Assignor Assignor and City of Kent ("Assignee") 3 Assignee Assigned with regard to 17929 She 272nd Street Covington NVA 98042 (the"Property"). 4 Address City slate Zip Assignor is the Buyer of the Property pursuant to the Purchase and Sale Agreement dated 5 December 17,2015 —(the "Agreement"). 6 NOW, THEREFORE, for Valuable consideration, the receipt and sufficiency of which is hereby 7 acknowledged, the parties agree as follows: 8 11. Assignment and Assumption. Assignor hereby assigns to Assignee, subject to the terms of this 9 Assignment, all of Assignor's right, title and interest in and to the Agreement, and Assignee 10 hereby assumes all of Assignor's obligations. 11 2. Representations of Assignor. Assignor hereby represents and warrants that the document 12 attached hereto as Exhibit "A" is a true and correct copy of the Agreement, together with all 13 addenda and amendments thereto, and that as of the date hereof, the Agreement is in full force 14 and effect, without default by either party thereto, and that there have been no modifications or 15 revisions to the Agreement not reflected in the attached Exhibit "A." Furthermore, Assignor 16 represents that Assignor has obtained any consent required to make this Assignment as required 17 by the Agreernent or that the Agreement contains a provision that permits this Assignment. 18 3. Assignee to Release and Hold Assignor Harmless, Assignee hereby releases, and agrees to 19 indemnify and hold Assignor harmless front all clairns or liability whatsoever arising from or 20 related to Assignee's conduct with respect to the Agreement and the Property. Notwithstanding 21 the foregoing, the parties acknowledge that this Assignment is a simple assignment of Assignor's 22 rights and Interest in the Agreement and that this Assignment does not relieve Assignor of 23 Assignor's duties and obligations under the Agreement. 24 4. Delivery of Documents. Assignor shall deliver to Assignee all studies, reports, documents. title 25 reports and title documentation, engineering or architectural drawings, governmental applications, 26 permits, licenses or approvals, appraisals and any other information in Assignor's possession or 27 available to Assignor which pertain in any way whatsoever to the Property, including without 28 limitation, the condition thereof and/or any present or potential development and/or use of the 29 Property (all of which, together with subsequent additions to or revisions of such documents 30 being collectively referred to as the "Development Documents"). Assignor hereby assigns to 31 Assignee all of Assignor's right, title and interest in the Development Documents. 32 5. Further Action. The parties shall take whatever* further action is necessary to complete the 33 purpose of this Assignment. 34 6. Entire Agreement, This Agreement contains the entire understanding between the parties and 35 supersedes any prior understandings and agreements between them respecting the subject 36 matter hereof. There are no other representations, agreements, arrangements or understandings, 37 oral or written, between and among the parties hereto or any of them, relating to the subject 38 matter of this Agreement. 39 [7 (02116/2016 Initials Assignee's Initial-. Assignor's Inih Date Assignor's 4iifials Date Assignee's Initials Y 2 Bete rggg/�/Tp V,/ Ij'I,' ME, mm/m/m/mr/m mml mom