HomeMy WebLinkAboutPurchase & Sale Agreement - Adden 1 SUR-108, Adden #1-19
AMENDMENT NO. 1
TO
REAL ESTATE DISPOSITION AND DEVELOPMENT AGREEMENT
[200 Mill Avenue]
THIS AMENDMENT NO. 1 TO REAL ESTATE DISPOSITION AND DEVELOPMENT
___AGREEMENT (the "Amendment") is entered into by and between THE CITY OF RENTON, a
Washington municipal corporation ("Seller" or "City"), and COSMOS INTERNATIONAL CORP., a
Washington corporation ("Buyer").
RECITALS:
A. Seller and Buyer entered into a certain Real Estate Disposition and Development Agreement dated
August 20, 2019 ("Agreement"), concerning the purchase, sale and development of the real property
described Chicago Title Insurance Company Commitment No. 193379-SC.
B. Seller and Buyer desire to amend the Agreement to extend the Feasibility Period.
NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, which
each of the parties hereby acknowledges as adequate and sufficient consideration, Buyer and Seller hereby
agree as follows:
1. Definitions. Capitalized terms used herein without further definition have the meanings set forth
in the Agreement.
2. Feasibility Period. The definition of"Feasibility Period"set forth in Section 1 of the Agreement is
deleted and the following substituted in lieu thereof:
"Feasibility Period" means the one hundred eighty (180) day period commencing on the
Effective Date.
3. Ratification. Except as modified and amended by this Amendment,the Agreement remains in full
force and effect and as originally executed.
4. Execution. This Amendment may be executed in counterparts. The parties agree to accept a
digital image of this Amendment, as executed, as a true and correct original and admissible as best
evidence for the purposes of state law, state rules of civil procedures, Federal Rule of Evidence 1002, and
like rules, statutes and regulations.
IN WITNESS WHEREOF,the parties hereto have executed this Amendment effective as of the day and
year set forth opposite their respective signatures below.
(14535/53541/00809198.DOC v.1)
BUYER:
COSMOS INTERNATIONAL CORP.,
a Washington corporation
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Date: November ZO, 2019
SELLER:
CITY OF RENTON,
a municipal corporation under the laws of the State of
Washington
By:
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APPROVED AS TO LEGAL FORM:
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Date: November , 2019
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{14535153541100809198.DOC V.1} 2