HomeMy WebLinkAboutACQ2019-004 - Other - Puget Sound Energy, Inc. - 2nd Addendum Earnest Money Provision - Willis-Naden Access Improvements Project - 07/23/2019 Agreement Routing Form
KENT For Approvals,Signatures and Records Management
WASHINGTON
This form combines&replaces the Request for Mayor's Signature and Contract Cover Sheet forms.
(Print on pink or cherry colored paper)
Originator: Cheryl Rolcik-Wilcox Department: Public Works
Date Sent. 7/24/19 Date Required: 7/24/19
a
� Authorized Director or Designee Date of
° 2/5/19
a to Sign: ❑ Council
aMayor Approval:
Budget R20070/15-3015 Grant? ❑ Yes ✓❑ No
Account
Number. Type: N/A
Vendor Category: Purchase Sale
Name: Puget Sound Energy, Inc. 9 Y
0 Vendor 3-3 G�� Sub-Category Other
0 Number:
EProject Willis-Naden Access Improvements
L Name:
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c Project Second Addendum to Purchase & Sale Agreement w/Puget Sound Energy
+. Details:
E Agreement Basis for
0 Amount. Selection of
L Contractor:
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a
Start Date: Termination Date:
Notice required prior to Yes No FContract Number: AC Zo f_ C;il941
disclosure?
Date Received by City Attorney: Comments:
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3
0
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41
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3
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Date Routed to the Mayor's Office:
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a3i Date Routed to the City Clerk's Office:
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Date Sent to rigrnat .
Visit Documents.KentWA.gov to obtain copies of all agreements
adccW22373_6_19
SECOND ADDENDUM TO REAL ESTATE PURCHASE AND SALE AGREEMENT
WITH EARNEST MONEY PROVISION
This Second Addendum to the Real Estate Purchase and Sale Agreement with
Earnest Money Provision ("Addendum") is between the CITY OF KENT, a Washington
municipal corporation ("Buyer"), and PUGET SOUND ENERGY, INC., a Washington
corporation ("Seller"), amending that Real Estate Purchase and Sale Agreement with
Earnest Money Provision dated May 8, 2019, together with the first Addendum to
Real Estate Purchase and Sale Agreement with Earnest Money Provision dated July
7, 2019 (collectively, the "Agreement").
RECITALS
A. Pursuant to Section 9 of the Agreement, the Sale contemplated by the
Agreement was to close within sixty days after the execution date of the Agreement
(the "Closing"), unless Closing is extended in writing by mutual agreement of the
parties.
B. Because the end of the Feasibility Review Period and the date of the
Closing were the same day, Buyer and Seller extended the Closing until July 23,
2019, to allow Buyer time to deposit funds into escrow and for Seller to execute
instruments required to complete the transaction.
C. Seller and Buyer desire to extend the Closing to July 25, 2019, to allow
the Seller to complete execution of instruments required to complete the transaction,
and to provide time for Rainier Title to record the necessary documents.
NOW THEREFORE, Buyer and Seller agree as follows:
1. The Closing Date of the Agreement shall be extended from July 23,
2019, to July 25, 2019.
2. Except as amended by this Addendum, all provisions of the Agreement
shall remain in full force and effect.
IN WITNESS WHEREOF, the parties hereto have executed this Agreement,
which shall take effect on the last date signed below, or July 23, 2019, whichever is
sooner.
(Signatures on Following Page)
Addendum to Purchase and Sale Agreement Page 1
BUYER:
CITY OF KENT
By:
Name: Dana Ralph
Its: Mayor
Date: y l
SELLER:
PUGET SOUND ENERGY
By:
Name: Qxc
Its: r
Date: 7 Z
Addendum to Purchase and Sale Agreement Page 2