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2010/11/03 Council Agenda Packet
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2010/11/03 Council Agenda Packet
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Council Agenda Packet
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11/3/2010
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5 AMENDMENT NO. 6 <br /> PROPERTY PURCHASE AGREEMENT <br /> (Colby Avenue & Wall Street, Everett, Washington) <br /> THIS AMENDMENT NO. 6 TO PROPERTY PURCHASE AGREEMENT <br /> ("Amendment") is made and entered this 10th day of November 2010, by and between the <br /> CITY OF EVERETT, a Washington municipal corporation, ("Seller") and TOUCHSTONE <br /> CORPORATION, a Washington corporation, AND/OR ASSIGNS ("Purchaser"). <br /> RECITALS <br /> A. Purchaser and Seller are parties to the Property Purchase Agreement dated <br /> October 16th, 2008 ("Agreement"), and Amendment No. 1 dated April 14, 2009,as further <br /> amended by Amendment No. 2 to Property Purchase Agreement dated October 7, 2009, <br /> as further amended by Amendment No. 3 to Property Purchase Agreement dated <br /> February 10, 2010, as further amended by Amendment No. 4 to Property Purchase <br /> Agreement dated June 16, 2010, as further amended by Amendment No. 5 to Property <br /> Purchase Agreement dated August 16, 2010 (the "Agreement"). <br /> B. The Agreement sets November 16, 2010, as the deadline for the Project <br /> Review Period. <br /> C. Purchaser and Seller have agreed to extend the Project Review Period for <br /> an additional period of 60 days so that it expires on January 16, 2011. <br /> AGREEMENT <br /> For good and valuable consideration, the receipt and sufficiency of which are <br /> hereby acknowledged, Purchaser and Seller agree as follows: <br /> 1. The Project Review Period is hereby extended for 60 days to end on January <br /> 16, 2011. <br /> 2. All terms, conditions and provisions of the Agreement as amended remain in <br /> full force and effect, except as expressly modified by this Amendment. Unless <br /> 88 <br /> -1- <br />
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