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Riverfront Commercial Investment PNW Riverfro 5/14/2019 Amendment 2
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Riverfront Commercial Investment PNW Riverfro 5/14/2019 Amendment 2
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Entry Properties
Last modified
9/24/2019 10:47:31 AM
Creation date
9/24/2019 10:47:23 AM
Metadata
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Template:
Contracts
Contractor's Name
Riverfront Commercial Investment PNW Riverfro
Approval Date
5/14/2019
Department
Facilities
Department Project Manager
Mike Palacios
Subject / Project Title
Development of the Developer Property
Amendment/Change Order
Amendment
Amendment/Change Order Number
2
Total Compensation
$0.00
Contract Type
Agreement
Retention Period
6 Years Then Destroy
Document Relationships
Arlington
(Amendment)
Path:
\Documents\City Clerk\Contracts\Agreement\Purchasing Cooperative Interlocal
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I <br /> ! <br /> f <br /> i <br /> i <br /> a • <br /> necessary for such.later phases. If required as part of the permit and approval-or financinb process <br /> improvements on the Developer Property, the City will issue to Riverfront water and sewer <br /> for impro payutility connection fees in <br /> availability certificates for the RiveY&ontProject Riverfront will <br /> accordance with the Everett'Municipai Code. address <br /> to <br /> . 1.2. T�eMassanir. The City and Developer willreasonably cooperate <br /> Both parties <br /> with each others take issues regarding trespassing on th�zr respective Riverfrotrt properties. <br /> reasonable steps to prevent overnigbtxping on such properties. <br /> rnent Agreement is amended to read as follows; <br /> 13. Term- Section 13.11 of-the Develop mens shall continue until expiration of the <br /> 13.11 Tenn- The term of this Agree '• <br /> twenty-yea'Vesting Period that commences as of the date of this Second Amendment as <br /> provided in Section 10 of the Second Axnendment a of a memorandum of this second <br /> 14.. T;i`eccmdina. ,Either party may.arrange for the-recording ,-withthe Snohomish Second <br /> Amendment in-a mutually acceptable form against the Developer Property <br /> udrtor's Office <br /> County A <br /> 15. General Provisions. . <br /> 15.1 :Capitalized Terms. All capitalised terms used in this Second Amendment <br /> dment and <br /> not otherwise•defined shall have the meaning set forth in the Development Agreement4 <br /> 152 Coun. arts:Facaianr�e Signatures.Tbis Second an omendi, andment all may ofbe exechh ted In n <br /> more than one counterpart, each of which shallishall constituteconstitute one and the same instrument Fede signetur'es on this Agreement <br /> original signatures of the Parties. i <br /> t <br /> 15.3 CaptsOns• The captions of-this Second Amendment are inserted solely� of this <br /> convenience of-reference only and do not.define,describe or limit the scope . <br /> Amendment or any tens hereof. <br /> • I <br /> rdin Either party may arrange for the recording of this Second Amendment <br /> 15.4 Rte. <br /> .of DA with the Snohomish County Auditor's office,as'necessary to thsclase this Amendment on ! <br /> title.doaurnents for the affected pFop. 3' incur is amended by adding provision for notice <br /> 15.5 Notices. The Development Agree <br /> to Developer as'follows: <br /> To Developer: <br /> Riverfront Commercial investment,LLC <br /> 11624 SE 5Th Street,Suite 2.10 <br /> Bellevue,WA 9g005 <br /> Attention:President <br /> Phone:425-559-2300 shelterholdings:com and <br /> Email address:derek_straight@ <br /> tia.h @shelterholdings-coin <br /> 15.6. Tem On• Ifthe Restated FDA.is teuminated=dm Section <br /> ch te1.14�ton of ted <br /> PDA, then this Second Amendment terminates simultaneously <br /> with sue <br /> Restated PDA without any further action of the parties. <br /> 9 <br />
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