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SSLM Properties LLC 4/29/2017 Amendment 6
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SSLM Properties LLC 4/29/2017 Amendment 6
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Entry Properties
Last modified
6/12/2017 9:10:20 AM
Creation date
6/12/2017 9:10:19 AM
Metadata
Fields
Template:
Contracts
Contractor's Name
SSLM Properties LLC
Approval Date
4/29/2017
Council Approval Date
4/26/2017
End Date
9/30/2017
Department
Facilities
Department Project Manager
Mike Palacios
Subject / Project Title
Amend 5 3600 Smith Ave Inspection Period
Amendment/Change Order
Amendment
Amendment/Change Order Number
6
Tracking Number
0000217
Total Compensation
$4,000,000.00
Contract Type
Agreement
Contract Subtype
Purchase
Retention Period
6 Years Then Destroy
Document Relationships
SSLM Properties LLC 7/26/2016
(Amendment)
Path:
\Documents\City Clerk\Contracts\Agreement\Purchase
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CITY <br /> AMENDMENT NO. 6 <br /> AGREEMENT OF PURCHASE AND SALE OF REAL PROPERTY <br /> This Amendment No. 6 to the Agreement of Purchase and Sale of Real Property <br /> (this"Amendment") is dated for reference purposes April 29,2017, by and between <br /> the CITY OF EVERETT,a municipal corporation("Buyer"or"City"),and SSLM <br /> PROPERTIES, LLC,a Washington limited liability company("Seller"). <br /> RECITALS <br /> A. Buyer and Seller are parties to the Agreement of Purchase and Sale of <br /> Real Property dated on or about July 26, 2016, as amended by Amendment No. 1 dated <br /> October 10,2016,and Amendment No. 2 dated November 30, 2016,Amendment No.3 <br /> dated December 30, 2016, Amendment No.4 dated January 30, 2017, Amendment No. <br /> 5 dated February 27,2017 (as amended,the"Agreement"). <br /> B. Under the Agreement,the Inspection Period ends on April 30,2017. <br /> The Buyer and Seller desires to continue due diligence and extend the Inspection <br /> Period. Buyer and Seller have agreed that the Inspection Period should be extended <br /> until September 30, 2017. <br /> The Seller and Buyer agree as follows: <br /> 1. Inspection Period. The Inspection Period is hereby extended until 5pm <br /> (Pacific)on September 30, 2017. <br /> 2. Effective Date. Regardless of when each party actually signs this <br /> Amendment, and regardless of whether either or both parties sign this Amendment after <br /> April 29, 2017, the effective date of this Amendment is deemed for all purposes to be <br /> April 29, 2017. The parties agree that, among other things, this means that the <br /> Inspection Period is deemed for all purposes to not have expired on April 30,2017. <br /> 3. No Other Changes/Counterparts. Except as amended by this <br /> Amendment,the Agreement remains in full force and effect. Capitalized terms have the <br /> same meaning as in the Agreement. This Amendment may be executed by with <br /> counterparts and/or by pdf signatures. <br /> 1 <br />
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