Loading...
HomeMy WebLinkAboutPW15-399 - Amendment - #1 - Richard & Partners, LLC - Ramada/224th St Extension & Overpass Project - 02/28/2016 ® Records � Mal - WASHI IIOTOH " `...•: :=r. .. .x. u. .+.z. ,c. m. „. v. .3... Document ent CONTRACT COVER SHEET This is to he completed by the Contract Manager prior to submission � to City Clerks Office. All portions are to be completed. Sf you have questions, please contact City Clerks Office. Vendor Name: L L (, Vendor Number. JD Edwards Number Contract Number. PVVi�5` oo This is assigned by City Clerk's Office Project Blame: P—trAl`Y o(lcA — Vurr , -�- Salf A�. Description-. ❑ Interlocal Agreement ❑ Change Order ❑ Amendment ❑ Contract ❑ Other: PyAcLtndu — eoemit Purr;+�mf cir4tt Contract Effective Date: Termination Date. Contract Renewal Notice (Days). Number of days required notice for termination or renewal or amendment Contract Manages Department- V\/ 91 Mn Contract Amount,. Approval Authority: ❑ Department Director Payor ❑City Council Detail: (i.e. address, location, parcel number, tart id, etc.). i i adccW10877 8 14 I Form 34 ©Copyright2010 Addendum/Amendment to P&5 Northwest Multiple Listing Service ALL RIGHTS RESERVED Rev.7/10 Page 1 of 1 ADDENDUM/AMENDMENT TO PURCHASE AND SALE AGREEMENT The following Is part of the Purchase and Sale Agreement dated December 22, 2015 1 between City of Kent ("Buyer")2 Buyer Buyer and Richard & Partners LLC ("Seller")3 Seller Seller Li concerning 22318 84P Avenue South Kent WA King county parcel No. 775780-0010 (the"Property").4 Address Sf t ZIP 5 IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: I 6 Amend Section 9 as follows: 7 I Section 9. CLOSING OF THE SALE. WITH THE UNDERSTANDING 89 THAT TIME IS OF THE ESSENCE FOR THIS AGREEMENT, this sale shall be 10 11 closed by April 15, 2016, or sooner, which shall also be the termination 12 13 date of this Agreement, unless said Closing date is extended in writing by 14 mutual agreement of the parties. When notified, the Buyer and Seller will 15 1 deposit, without delay, in escrow with First American Title and Escrow 17 18 (Escrow Agent), all instruments and monies required to complete the 20 transaction in accordance with this Agreement. Closing for the purpose of 21 this Agreement, is defined as the date that all documents are executed 22 23 and the sale proceeds are available for disbursement to the Seller. 24 25 26 27 28 29 30 ALL OTHER TERMS AND CONDITIONS OF said Agreement remain unchanged i 31 2-12-f12oV �� Buyer's Initials Date Buyer`s Initials Date Seller's Initi s Date Ssilers Initials Date r.. ©Copyright 2010 Form 34 Northwest Multiple Listing Service Addendum/Amendment to P&S ALL RIGHTS RESERVED Rev.7f 10 Page 1 of 1 ADDENDUM I AMENDMENT TO PURCHASE AND SALE AGREEMENT The following Is part of the Purchase and Sale Agreement dated December 22,2015 1 ("Buyer")2 between Richard &Partners LLC e yet Buyer ("Seller")3 and City of Kent $e,ief SMr concerning 84`h and 224'h Street Kent WA—King county 2arcel No. 775780-0010 (the"Property").4 city Stet" Zip Address 5 � IT IS AGREED BETWEEN THE SELLER AND BUYER AS FOLLOWS: I 6 Amend Section 8 as follows: 7 8 Section 8, CLOSING OF THE SALE. WITH THE UNDERSTANDING 9 THAT TIME IS OF THE ESSENCE FOR 10 THIS AGREEMENT, this sale shall be 11 closed by April 15, 2016, or sooner, which shall also be the termination 1s date of this Agreement, unless said Closing date is extended in writing by 14 mutual agreement of the parties. When notified, the Buyer and Seller will 16 17 deposit, without delay, in escrow with First American Title and Escrow 18 (Escrow Agent), all instruments and monies required to complete the 20 transaction in accordance with this Agreement. Closing for the purpose of 21 22 this Agreement, is defined as the date that all documents are executed 23 and the sale proceeds are available for disbursement to the Seller. 2425 26 27 28 29 30 ALL OTHER TERMS AND CONDITIONS OF said Agreement remain unchanged 31 (� 2�2_4(244 Seller's Initials Date Buyer's Initials Data Buyer's Initials Date 5elier's Initials Date I i- • I pq �g I REQUEST" FOR MAYOR'S SIGNATURE I T Print on Cherry-Colored Paper Routing Information (ALL REQUESTS MUST FIRST BE ROUTED THROUGH THE LAW DEPARTMENT) Approved by Director Originator: Ingrid Willms-Dixon Phone (Originator): 856-5519 Date Sent: Feb 24, 2016 Date Required: Feb 291h or sooner Return Signed Document to: Ingrid or Michelle.Novak Contract Termination Date: Feb 29, 2016 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: November 17, 2015 (Required on Non-City Standard Contra cts/Agreernents)— Has this Document been specifically Account Number: Authorized in the Budget?(-)YES NO Brief Explanation of Document: Addendum(s) to extend the purchase date for the Ramada parcel sale and parcel purchase to be done simultaneously, for the 224th St. Extension and Overpass Project. i I li All Con St e : 'fit` The Law Department (This areartp be Completed by the Law Department) Received: t, Approval of Law Dept.: ' Law Dept Comments: Date Forwarded to Mayor. N Shaded Areas To Be Completed By Administration Staff Received. Recommendations and Comments: Disposition: Date Returned: 26i11F Bwment Vmce6 ogl eyua9 fo[My -61yna1me Jocs f V- Kn Komoto Kim i From: Willms-Dixon, Ingrid Sent: Wednesday, February 17, 2016 11:50 AM To: Galazin, David Cc: Komoto, Kim; Inouye, Garrett Subject: Richards & Partners LLC AKA Ramada Inn and Suites Kent - Addendum need by 2-23-2016 Attachments: P&S Kent as Buyer.pdf; P&S Kent as Seller.pdf Importance: High i H I, We need to extend the purchase and sale agreement to April 15`h, 2016 or sooner as they are working with the SBA (small business association) for a partial release of the encumbrances. Please prepare the addendum for both the purchase and sales agreement(s) attached by February 23rd or sooner,that should give us time to have the sellers sign and the Mayor sign before the contracts expire February 29th. thanks i Ingrid Wilims-Dixon, RWA, Project Analyst Design Engineering I Public Works Department 220 Fourth Avenue South, Kent, WA 98032 Phone 253-856-5519 1 Fax 253-856-6500 Idixon(a KentWA aov CITY OF KENT, WASHINGTON KentWA.gov Facebook A.,, You'rube PLEASE CONSIDER THE ENVIRONMENT HEEORE PRINTING THIS E-NTAIL I I I I i I I 1