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Riverfront Commercial Investment LLC 2/8/2024 Amendment
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Riverfront Commercial Investment LLC 2/8/2024 Amendment
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Last modified
2/16/2024 10:54:08 AM
Creation date
2/16/2024 10:53:56 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
Riverfront Commercial Investment LLC
Approval Date
2/8/2024
Department
Legal
Department Project Manager
Tim Benedict
Subject / Project Title
Amendment to Public Amenities Dedication Easement and Maintenance Agreement
Amendment/Change Order
Amendment
Tracking Number
0002018
Total Compensation
$0.00
Contract Type
Agreement
Contract Subtype
Development Agreements
Retention Period
6 Years Then Destroy
Imported from EPIC
No
Document Relationships
Riverfront Commercial Investment LLC 5/4/2021
(Amendment)
Path:
\Documents\City Clerk\Contracts\Agreement
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4.2 41st Street Public Right-of-Way. The Parties acknowledge that 41 St <br /> Street, including Lots 17 and 20, as identified in Exhibit B to the Original Amenities <br /> Agreement, has been dedicated to the City as public right-of-way. Neither party has any <br /> further obligations under Section 4.2 of the Original Amenities Agreement. <br /> 5. Maintenance and Repair. <br /> 5.1 City's Maintenance Obligation. Section 5.1 is amended as follows, <br /> with underlining added and strikeouts deleted: <br /> Except to the extent of OM-Developer's negligence or willful misconduct, or the <br /> negligence or willful misconduct of any member, manager,partner or shareholder, <br /> as the case may be, in or of Developer OM, and their respective officers, directors, <br /> managers, members, shareholders,partners, employees, agents and consultants,the <br /> City, at its sole cost and expense, shall maintain the Park Site,the Pedestrian <br /> Walkway,Easement and 36th Street Corridor Parcel in accordance with normal City <br /> standards and requirements. Such maintenance and repair work shall be completed <br /> in a good and workmanlike manner m accordance with normal City standards and <br /> requirements. With respect to improvements to be located on the Park Site by <br /> Developer and the improvements to be installed on a portion of the 36th Street <br /> Corridor Parcel by Developer, such maintenance and repair obligation commences <br /> when such improvements are completed by Developer. <br /> 6. The Original Amenities Agreement is amended by adding provision for <br /> notice to Developer as follows: <br /> To Developer: <br /> Riverfront Commercial Investment,LLC <br /> 11624 SE 5th Street, Suite 210 <br /> Bellevue, WA 98005 <br /> Attention: President <br /> Phone: 425-559-2300 <br /> Email address: derek.straight@shelterholdings.com and <br /> tia.heim@shelterholdings.com <br /> [REMAINDER OF PAGE BLANK; SIGNATURES APPEAR ON FOLLOWING <br /> PAGES] <br /> 4 <br />
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