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HomeMy WebLinkAboutAgreements/Contracts - Central Services& ne".-. ADDENDUM NO.3 TO PURCHASE AND SALE AGREEMENT THIS ADDENDUM TO THE Purchase and Sale Agreement is executed this 21 st day of April 2025 between GRANT COUNTY, a political subdivision of the State of Washington, ("Seller") and PUBLIC UTILITY DISTRICT NO. 2 OF GRANT COUNTY, WASHINGTON, a municipal corporation, ("Buyer"). RECITALS WHEREAS, Seller and Buyer executed a Purchase and Sale Agreement dated April 9, 2024, a copy of which is attached hereto as Exhibit A for the purchase and sale of certain real property described therein (the "Purchase and Sale Agreement"); and WHEREAS, the Purchase and Sale Agreement provides for an outside closing date of August 7, 2024; and WHEREAS, Buyer and Seller previously executed an Addendum to Purchase and Sale Agreement on January 22, 2025; and WHEREAS, Buyer and Seller require that the closing date be further extended to enable them to complete all tasks necessary for closing, NOW THEREFORE, WITNES SETH: The Seller and Buyer agree to amend, revise and supplement the Purchase and Sale Agreement pursuant to paragraph 12(c) as follows: 1. Revision to Paragraph 2 Closing Date: Paragraph 2 of the Purchase and Sale Agreement is revised and amended to read as follows: Closing "Closing" shall mean the date on which the general warranty deed with full warranties of title transferring title to the Property from Seller to Buyer is recorded in the official records of the County in which the Property is situated. 1 Closing shall occur on or before the date which is thirty (30) days after Buyer's waiver of all of the contingencies set forth in Sections 7 below, or such other date as may be mutually agreed upon by the parties, at the offices of Stewart Title Company (the "Escrow Agent") located in Ephrata, Washington. If Closing has not occurred prior to June .30, 2025, after mutual execution hereof (the "Outside Date for Closing") for any reason other than a default by Buyer or Seller hereunder, then this Agreement shall automatically terminate, and the parties shall have no further liabilities or obligations toward each other under this Agreement. 2. Conflict: Except as expressly modified in this Addendum to Purchase and Sale Agreement, the terms, covenants, and conditions of the Purchase and Sale Agreement shall continue in full force and effect. ALL OTHER TERMS AND CONDITIONS of Purchase and Sale Agreement dated April 91 2024, remain unchanged. SELLER: Dated: GRANT COUNTY, WASHINGTON By.F--�CCLZ3-elc -�; District 1 Commissioner By: - i. be. ones, District Commissioner By: Cindy Ca er, District 3 Commissioner 2 BUYER: Dated: Apr 22, 2025 PUBLIC UTILITY DISTRICT NO. 2 OF GRANT COUNTY, WA S HIN GT ON 0 10 vv m&rQ& John Mertlich, General Manager / CEO 3 County PSA Closing Date 6-30 Final Audit Report 2025-04-22 Created: 2025-04-21 By: Alicia Reynolds (areynolds@gcpud.org) Status: Signed Transaction ID: CBJCHBCAABAAzh5tJg9O8OAySxH3_auEao94mMRFbicr "County PSA Closing Date 6-30" History Document created by Alicia Reynolds (areynolds@gcpud.org) 2025-04-21 - 9:41:38 PM GMT '- Document emailed to John Mertlich Qmertlich@gcpud.org) for signature 2025-04-21 - 9:43:07 PM GMT Email sent to flong@gcpud.com bounced and could not be delivered 2025-04-21 - 9:43:10 PM GMT o-ne Email viewed by John Mertlich Omertlich@gcpud.org) 2025-04-22 - 6:23:36 PM GMT Document e-signed by John Mertlich Omertlich@gcpud.org) Signature Date: 2025-04-22 - 6:23:49 PM GMT - Time Source: server � Agreement completed. 2025-04-22 - 6:23:49 PM GMT Adobe Acrobat Sign