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• <br /> EVERETT CITY COUNCIL AGENDA ITEM COVER SHEET <br /> PROJECT TITLE: <br /> Consent COUNCIL BILL# <br /> 1st Amendment to Exclusive X Action Originating Department Administration <br /> Negotiating Agreement By and First Reading Contact Person Jim Iles <br /> Between the City of Everett Second Phone Number 1011 <br /> and OliverMcMillan, LLC Reading <br /> Third Reading FOR AGENDA OF Feb 1, 2006 <br /> Public Hearing <br /> Initialed by: <br /> Department Head <br /> CM s� <br /> Council President <br /> Location Preceding Action Attachments Department(s)Approval <br /> June 2005 —approval of Contract Amendment Admin, Legal, Engineering <br /> Exclusive Negotiating <br /> Agreement <br /> Amount Budgeted <br /> Expenditure Required Account Number(s): <br /> Budget Remaining <br /> Additional Required <br /> DETAILED SUMMARY STATEMENT: <br /> In June 2005, the City entered into an Exclusive Negotiating Agreement with OliverMcMillan LLC <br /> concerning the Riverfront Property. The agreement established an exclusive negotiation period during which <br /> the City was to negotiate exclusively with OM with respect to the possible acquisition and development of <br /> the Riverfront Property. OM has requested the agreement be extended to May 31, 2006, to allow additional <br /> time to further negotiate the possible acquisition and development of the Riverfront Property. Staff concurs <br /> with OM's request to extend the agreement. <br /> RECOMMENDATION (Exact action requested of Council): <br /> Authorize the Mayor to sign 1st Amendment to Exclusive Negotiating Agreement By and Between the City` <br /> of Everett and OliverMcMillan, LLC 1 9 <br />