HomeMy WebLinkAboutEC18-188 - Amendment - #3 - CBRE Hotels - Representing City in Sale of Naden Site - 04/01/2020 f
Agreement Routing Form
• For Approvals,Signatures and Records Management
KEN T This form combines&replaces the Request for Mayor's Signature and Contract Cover Sheet forms.
WASHINGTON (Print on pink or cherry colored paper)
Originator: Department:
Rhonda Bylin Economic&Community Development
Date Sent: Date Required:
o April 21, 2020 April 24, 2020
L
n- Authorized to Sign: Date of Council Approval:
QD Director or Designee El Mayor April 2018
Budget Account Number: Grant? ❑Yes ❑No
M20042.64140.9419 40
Budget? ❑Yes ❑No Type:
Vendor Name: Category:
CBRE Contract
Vendor Number: Sub-Category: w
not set up yet-hotel brokerage won't be paid until sale closes _
C
O
Project Name: Naden Property Sale brokerage agreement
E
L
O
Project Details:3rd amendment
C
a�
£ Agreement Amount: Basis for Selection of Contractor:
Gl ,.
L Start Date: April 1, 2020 Termination Date: March 31 , 2021
Q
Local Business? ❑Yes ❑No*
*Ifineets requirements per KCC3.70.700,please complete"Vendor Purchase-Local Exceptions'form on Cityspoce.
Notice required prior to disclosure? Contract Number:
❑Yes ❑No EC18-188 (original contract)
Date Received by City Attorney: Comments:
G1
C
7
3
a, N
fQ
C
p� Date Routed to the Mayor's Office:
'v1
Date Routed to the City Clerk's Office:
Visit Documents.KentWA.gov to obtain copies of all agreements
DocuSign Envelope ID:66F64081-D07F-44EF-A878-95CB20A9E270
CBRE
1420 5tn Avenue
Suite 1700
Seattle,WA 98101
Tel.206-292-6070
Cell. 206-715-9910
THIRD AMENDMENT TO EXCLUSIVE LISTING AGREEMENT
(Kent Development Site)
This THRID AMENDMENT TO THE EXCLUSIVE LISTING AGREEMENT (this
"Amendment")dated as of April 22,2020, is made by and between City of Kent("Owner"), and
CBRE Hotels('Broker").
RECITALS
A. Owner and Broker are parties to that certain Exclusive Listing Agreement dated
as of May 5, 2018 (the "Agreement') and Second Amendment to Exclusive Listing Agreement
dated as of August 31, 2019.
B. Owner and Broker wish to amend the Exclusive Listing Agreement as provided
herein.
NOW, THEREFORE, in consideration of the foregoing Recitals and the mutual
covenants contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, Owner and Broker agree that the Listing
Agreement is hereby amended as follows:
1. Defined Terms. All initially capitalized terms used herein shall have the same
meanings given to them in the Listing Agreement, unless expressly otherwise defined in this
Amendment.
2. Incorporation of Recitals. The Recitals set forth above are incorporated herein
and form an integral part of this Amendment.
3. Listing Extension. Owner and Broker wish to extend the current listing to
March 31,2021 under the same terms and conditions as the original agreement.
4. Counterparts; Facsimile. This Amendment may be executed in any number of
counterparts, each of which shall be deemed an original, but all of which together shall constitute
one (1) and the same instrument. A copy of this Agreement sent by telecopy with facsimile
signatures thereon shall be deemed an original for all purposes.
5. Reinstatement of Agreement; Full Force and Effect; Entire Agreement. As
expressly amended hereby, the Listing Agreement shall remain in full force and effect, and the
parties hereby ratify and affirm all of the terms and conditions thereof as amended by this
Amendment. If there are any conflicts or inconsistencies between any of the terms or conditions
contained in this Amendment and those contained elsewhere in the Exclusive Listing Agreement,
then the terms and conditions contained in this Amendment shall govern and control. The Listing
1 of 4
DocuSign Envelope ID:66F64081-D07F-44EF-A878-95CB20A9E270
Agreement, including the Exhibits as amended by this Amendment, contain the entire agreement
between Owner and Broker with respect to the subject matter thereof and hereof, and all prior
agreements, presentations, understandings and writings concerning the subject matter therein and
herein are expressly superceded hereby and are of no force or effect whatsoever.
IN WITNESS WHEREOF,each party hereto has executed this Amendment effective as
of the date first written above.
2of4
DocuSign Envelope ID:66F64081-D07F-44EF-A878-95CB20A9E270
CBRE, Inc. City of Kent
Licensed Real Estate Broker Owner
By: llR,t' By.LELIA_
Title: Senior Manasalinsa Director Title: J(a'r� c..E--(1 r, C�t3/i-p--v4(G{ ,
Address: 1420 5t''Ave Address:
Suite 1700 6 t 4- y� �O T m 'tAl
Seattle.WA 98101
Date: 04/22/2020 Date: 1 `
Telephone: 95
Telephone: 206.292.6102
0001 by: and
By: Cl.�.a Baedctt By. ,
04EE...
Title: Executive Vice President Title: Q
Address: 1420 5t'Ave Suite 1700 Address: '7 A& 5
Seattle WA 98101 ..........
�
Date: 04/22/2020 Date: ('0
Telephone: 206.292.6070 Telephone: L J F,5(o 5 7 zo
and
By:
Title:
Address:
Date:
Telephone:
3 of 4
DocuSign Envelope ID:66F64081-D07F-44EF-A878-95CB20A9E270
Exhibit A
Legal Description(s) and Survey
Parcel Number
Square Footage
Acreage
600000-0050 21,497 0.49
600000-0051 7,920 0.18
600000-0052 11,510 0.26
600000-0060 9,273 0.21
600000-0062 7,920 0.18
600000-0063 1,254 0.03
600000-0061 12,598 0.29
600000-0070 13,783 0.32
Tota 1 85,755 1.96
A PORnOM OF THE NW 1^SEC.24.T.22 N.,R.4 E.,W.M.
CWMNL
s
a
Yi I N+fM1,lkIM•ipil .In' ,k i $ i F i Ehi:i J+
1:•
,� _Y IYI Y4p'�k'I i i•ii NSF r•
AQUATIC
CENTER
Ulm
I 1
I
..._
- 41 —
..�. ra
t ..
_ ems.��...,rti�":s:�•—
8�2'iF mJA 7soui��"gin;:.� }B��•..•.....�e�..��..'-..... wwRnr..
� ,.�,. .:.'i's�',"..l.`+:: .• A"' W�r!S°,.......- �..••.�.. ..,^'^..:°.:.".:.�� •�..� -.,� BOUNDARY
..-...�...-., ..'.Yt�l'8F3' A".,r'd' '.x'.:d'CCYdeS:`re°b8 n�••.v:..•••« MfirwY
rg'j.Pa'L.e�cwS:k:n.ss v...a..... .....-..........r....e..
��:"emxma. .a..e._,m.e. a'1'.,u.•�.ffiT'81.::'.ti:��«�'..Itik-" .u�..w,.i,.
... .—... CIA
4 of 4