HomeMy WebLinkAboutCAG2024-468 - Amendment - #1 - Fidelity National for BECU - Municipal Building Purchase at 20610 68th Ave S Kent WA 98032 - 11/5/24 Docusign Envelope ID:99D48187-A374-4B86-9FF2-6512B7ED5B99
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
This First Amendment ("First Amendment") is part of the Purchase and Sale Agreement
dated October 6, 2024 (the "Agreement"), between the CITY OF KENT, a Washington
municipal corporation ("Buyer"), and BOEING EMPLOYEES' CREDIT UNION ("Seller")
regarding the sale of property commonly known as 20610 68th Avenue South, Kent, WA 98168
(the 'Property").
IT IS AGREED BETWEEN THE BUYER AND SELLER AS FOLLOWS:
1. Paragraph 11.5 of the Agreement is modified as follows:
11.5. Proration of Taxes and Utilities. Taxes for the
current year, and water gas, sewer, electric and other utilities
serving the Property, and amounts payable under any service
contracts, annual permits and/or inspection fees shall be
prorated as of the Closing Date on the basis of the actual days
of the month in which the Closing Date occurs. All final special
assessments, deferred taxes or penalties that are levied at or
prior to Closing shall be paid in full by Seller. In accordance with
RCW 84.36.010, as a Washington municipal corporation, real
property owned by the Buyer is exempt from the assessment of
real estate property taxes. Seller agrees that if King County
refunds to Seller property taxes previously paid due to Buyer's
purchase of the Property, the Seller agrees to remit this property
tax refund to the Buyer outside of Closing_
2. All other terms and conditions of the Agreement remain unchanged.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment on the date
set forth below.
BUYER: SELLER:
CITY OF KENT BOEING EMPLOYEES' CREDIT UNION
DocuSignle0d 1by: Signed by:
6�
Name: Dana Ralph Name.
Title: Mayor Title: SVP/Real Estate
Date: PST Date: 11/05/2024 1 4:14 PST
FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT
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