HomeMy WebLinkAboutAdden 1 r s -96-079 Adden. #1-00
AMENDMENT NUMBER 1
PUBLIC WORKS TRUST FUND LOAN AGREEMENT NUMBER PW-5-96-791-045
BETWEEN
THE DEPARTMENT OF COMMUNITY,TRADE AND ECONOMIC DEVELOPMENT
AND
CITY OF RENTON
The purpose of this amendment is to supersede the administrative extension dated February 10,
1999, and to extend the project completion date of the Public Works Trust Fund Loan Agreement
Number PW-5-96-791-045 from December 17, 1999,to a new ending date of December 17,
2000.
This amendment was approved by the Public Works Board on February 1, 2000. The Board
found the extension was necessary for the following reasons: extreme groundwater conditions
and problems with the contractor's workforce caused construction delays.
The Washington State Department of Community Trade and Economic Development
(hereinafter referred to as the DEPARTMENT)and the City of Renton(hereinafter referred to as
the LOCAL GOVERNMENT)agree to amend the Public Works Trust Fund Loan Agreement
Number PW-5-96-791-045 as described below.
Section 4.05 Time of Performance is amended to read as follows:
The LOCAL GOVERNMENT shall begin the activities identified within ATTACHMENT I:
SCOPE OF WORK no later than three(3)months after the date of loan agreement execution and
reach project completion no later than December 17, 2000.
Failure to perform within the time frame described in the preceding paragraph may constitute
default of this agreement and require the immediate repayment of any loan funds disbursed. In
the event of extenuating circumstances,the LOCAL GOVERNMENT may request, in writing,
that the BOARD extend the deadline for project completion. The BOARD may,by a two-thirds
vote,extend the deadline.
This agreement shall be in place during the entire term of the loan regardless of the time of
actual project completion.
A copy of this amendment, consisting of two(2)pages, shall be attached to and incorporated into
the original agreement between the DEPARTMENT and the LOCAL GOVERNMENT. Any
reference in such agreement to the"agreement" shall mean"agreement as amended." All other
items and conditions of the original loan agreement or prior amendments shall remain in full
force and effect.
Page 1 of 2
IN WITNESS THEREOF,the DEPARTMENT and the LOCAL GOVERNMENT have
executed this amendment as of the date and year last written below.
P WORKS BOARD LO GOVERNMENT
Ct
Pete A. Butkus We Jesse Tanner
Executive Director Mayor
Title Title
2 3
Date Date
APPROVED AS TO FORM BY Attest •-r✓
ATTORNEY GENERAL Marilyn e ersen, City Clerk
Signature on File
Suzanne Shaw
Assistant Attorney General
January 6, 1997
Date
I
Page 2 of 2
Washington State I^•
�of Renton
Public Works Board
Post Office Box 48319 OCT f 2007
Olympia,Washington 98504-8319 ���ITC@
October 9, 2007
CITY OF RENYON
NOV 0 8 2007
Mr. Michael Bailey RECEIVED
City Of Renton CITY CLERK'S OFFICE'
1055 S Grady Way
Renton, WA 98058
Regarding: Public Works Trust Fund Loan Agreements
L�l�-q�-065 • PW-5-92-280-033 • PW-5-93-280-040 CAq " ` 3-06
o 55• PW-5-93-280-041 PW-5-94-784-032 !� - `�H- a NIBS
gs_058• PW-5-95-791-032 PW-5-95-791-033 CA j_ q5- a57.
may_q6- 076 • PW-5-96-791-044 PW-5-96-791-045 C,4q_ -0,7q
CAS_X17 -130' PW-97-791-028 PW-01-691-PRE-117 �f-
C,F(j- oZ-079 ' PW-02-691-045
Dear Mr. Bailey:
Enclosed are fully executed originals of amendments to your Public Works Trust Fund
Loan Agreements (see precise loan numbers above). These amendments remove the
acceleration clause in the above referenced loans. Please keep this original with other
local records related to your approved Public Works Trust Fund Loan Agreements.
If you have any questions please call, Isaac Huang, your Client Services Representative,
at (360) 586-4129 or you may call me at(360) 586-4135.
Sincerely,
Cathy Brockmann
Contract Specialist
CLB:ac
Enclosure
Administrative services provided by the Department of Community,Trade and Economic Development
(360)586-4120 Fax(360)664-3029 Web site: www.pwb.wa.gov