HomeMy WebLinkAboutAdden 1FIRST AMENDMENT TO PARK A VENUE NORTH EXTENSION
AND PRIVATE ROAD AGREEMENT
BETWEEN THE CITY OF RENTON AND SOUTHPORT WEST LLC This First Amendment to Park Avenue North Extension and Private Road Agreement ("Amendment") is made as of March 3, 2021 (the "Effective Date") and is by and between the City of Renton, a Washington municipal corporation (thereinafter "Renton") and Southport West LLC, a Washington limited liability company. Renton and Southport West LLC are at times collectively referred to as "the Parties". This Amendment amends the terms of the Park Avenue North Extension and Private Road Agreement dated as of December 12, 2018, and given file number CAG-18-263 by Renton ("Road Agreement"), between Renton and Southport West LLC. Capitalized terms not defined in this Amendment shall have the meaning given to them in the Road Agreement. The Parties mutually agree to modify the terms of the Road Agreement as follows: 1. Termination for Failure to Acquire Property. The two (2) year term described in Section 2.6 of the Road Agreement is hereby extended for one additional period of six ( 6) months, until June 12, 2021. 2. No Other Changes; Counterparts. Except as modified by this Amendment, all terms of the Road Agreement remain unchanged and in full force and effect, including the terms of Section 2.6. In case of a conflict between the terms of this Amendment and the terms of the Road Agreement, the terms of this Amendment shall control. This Amendment may be signed in one or more counterparts, and by facsimile or electronic mail copy, and each counterpart, facsimile copy and electronic mail copy so signed shall be deemed an original hereof. [ signatures on following page] C:\Users\Lmoschetti\Desktop\Parlt Ave Ext h;Jr • Amend V2.Docx
CAG-18-263, Adden #1-21
INWITNESS WHEREOF,thePartiesexecutethisAmendmentasoftheEffectiveDate.SOUTHPORTWEST LLC,alimitedliabilitycompany,bySECODevelopment,Inc.,itsmanagerPrintedName:MichaelP.ChristTitle:CEOMtI.1”iDatesigned:December-CITYOFRENTONaMunicipalCorporationMartinPastuchaPublicWorksAdministratorDatesigned:December31,2020Attest:PrintedName:CityClerkDateAttested:Approvedastolegalform:PrintedName:CityAttorneyTheundersigned,HotelatSouthportLLCandOfficeatSouthportLLC,areexecutingthisdocumenttoacknowledgetheirconsenttothetermsof,andtheratificationof,thisAmendmenttoRoad Agreement.PrintedName:MichaelP.ChristTitle:CEOAJf4r?.’41Date signed:eeenrber____OFFICEATSOUTHPORTLLCbySECODevelopment,Inc.,itsManager201HOTEL ATSOUTHPORTLLCbySECOitsManager•,,2O2)____2020PrintedName: MichaelP.Title:CEOM&u-z%1Datesigned:DeccmbcrChrist31201i,2-2-C:\Users\Lmoschetti\Desktop\AmendmentNo.1SouthportWestLitParkAvenueExtension\ParkAve Ext Agr-AmendV2.DacxN/AN/AApproved by Leslie Clark via 1/7/2021 email