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Home My WebLink AboutAdden 1FIRSTAMENDMENTTOTOLLINGAGREEMENTThisFirstAmendmenttotheTollingAgreement(“FirstAmendment”)isenteredbyandbetweentheCityofRenton,Washington(“the City”)andQuendallTerminals,ajointventureofAltinoProperties,Inc.,aWashingtoncorporation,and J.H.Baxter&Co.,Inc.,aCaliforniaCorporation(“QuendallTerminals”),andismadeeffectiveasofthe1dayofAugust,2020(the“EffectiveDate”).QuendallTerminalsandtheCityarecollectivelyreferredtoas“theParties.”RECITALSWHEREAS,thePartiesexecutedaTollingAgreement(the“Agreement”)withanEffectiveDateofAugust1,2015;andWHEREAS,thePartieswishtoextendtheTollingPeriod,asdefinedintheAgreement,foranadditionalfive(5)yearperiod.NOWTHEREFORE,thePartiesherebyagreeasfollows:AGREEMENT1.ThePartiesagreethatalllimitationsperiodsandany andallothertime-relateddefenses,includingbutnotlimitedtolachesandrepose,thatmay applytoanyclaimarisingfromorrelatingtotheEasementaretolledforanadditionalfive(5)years,toAugust1,2025(the“TollingPeriod”).TheTollingPeriodshallnotbeincludedinanycomputationoftimerequiredtosupportatime-relateddefense(includingbutnotlimitedtostatuteoflimitations,statuteofrepose,andlaches)inanydisputeresolutionproceedingarisingfromorrelatedtotheEasement.2.AcknowledgingthebenefitsthatitreceivesfromthetollingperiodestablishedintheAgreementandextendedbythis FirstAmendment,QuendallTerminalswaivesanyrightsitwouldotherwisehavetointerestandothermonetarydamagesorpenaltiesfortheperiodbetweenAugust1,2015andtheearlierofAugust1,2025orthedatethatQuendallTerminalsservestheCitywithacomplaint(orotherdocumentcommencinglegalproceedings)regardingtheEasement.3.ThePartiesdesignatethefollowingindividualstoreceivenoticepursuanttoSection3oftheAgreement:AltinoProperties,Inc.Withacopyto:Robert CuginiLynnT.ManolopoulosP.O.Box359DavisWrightTremaineLLPRenton,Washington98057929108thAvenueNE,Suite1500Bellevue,WA980044813-I188-4478v40032695-000004CAG-20-141, Adden 1 J.H.Baxter&Co.Withacopyto:GeorgiaBaxterP.O.Box5902SanMateo,CA94402CityofRentonLauraMaffeiCableHuston1455S.W.Broadway,Suite1500Portland,OR97201Withacopyto:RonaldStraka.UtilitySystemsDirectorCityofRenton1055SouthGradyWayRenton,WA98057OfficeoftheCityAttorneyCityofRenton1055SouthGradyWayRenton,WA980574.AllotherprovisionsoftheAgreementshallremaininfullforceandeffectandareincorporatedbyreferenceasiffullysetforthherein.Intendingtobelegallybound,theundersignedhaveexecutedthisFirstAmendment.CITYOFBy:PrintedName:MartinPastuchaIts:PublicWorksAdministratorQUENDALLTERMINALSALTgTlESINC.PrintedName:Ro(.U6i,JCIts:pej.JJ,H.BAXTER&CO.By:PrintedName:_______Its:4813-1188-4478v.40032695-000004 i.I-i.Baxter&Co.Withacopy10:GeorgiaBaxterLauraMaffeiP.O.Box5902CableHuttonSanMateo,CA944021455S.W.Broadway.Suite1500Portland.OR97201CityofRentonWithacopyto:RonaldStraka,UtilitySystemsDirectorOfficeoftheCityAttorneyCityofRentonCityofRenton1055SouthGradyWay1055SouthGradyWayRenton,WA98057Renton,WA980574.AllotherprovisionsoftheAgreementshallremaininfullforceandeffectandareincorporatedbyreferenceasiffullysetforthherein.Intendingtobelegallybound,theundersignedhaveexecutedthisFirstAmendment.CITOF-NQIJENDALLTERMINALSBy:ALTINOPROPERTIES,INC.PrintedName:MartinPasiuchaBy:-Its:PublicWorksAdministratorPrintedName:Its:_____________ii-I.BAçER&CO.By:(kma—PrintedName:1Its:Prccek48t3.Il85-4475v40032695-000004