HomeMy WebLinkAboutURA RES 2020-45 RESOLUTION 2020.
.A. RE OLETION OF THE URBAN RENEWAL AGENCY OF THE CITY OF
CALDWELL, IDAHO AUTHORIZING THE EXECUTION OF THE FIRST
AMENDMENT TO AGREEMENT T TO NEGOTIATE EXCLUSIVELY WITH deCHASE.
DEVELOPMENT SERVICES,LLC,DOING BUSINESS AS DeCHASE W SIS.
BE IT RESOLVED BY nffi BOARD OF COMMISSIONERSOE THE, URBAN
RENEWAL AGENCY OF THE CITE'ONE CALDWELL,IDAHO:
S cti n I: .Agency hereby authorizes its Chainnan to executethe Agreement as set forth
in full.
ecti 2: That this Renal Lion CNN, be in full force and effect immediately, upon its
adoption and approval.
ADOPTED AND APPROVED THIS 1311 day of October,2020.
AAA
.ATTEST:
SECRETARY
*.
it
yIC3Pf �""
lore
"+r a r• y w �rr w+
DocuSig:n Envelope D:B0404026-043C-4E55-B207-F39C I 9D1 0263
FIRST AMENDMENT TO
AGREEMENT TO NEGOTIATE EXCLUSIVELY
'I`HIS FIRST AMENDMENT TO AGREEMENT TO NEGOTIATE EXCLUSIVELY(this
"First Amendment") is made effective October 2020, between the Urban Renewal
Agency of Caldwell, Idaho, a public body, corporate and politic, organized pursuant to the Idaho
Urban Renewal Law, Title 50, Chapter 20, Idaho Code: as, amended ("Agency"), and deChase
Development Services, LLC, an Oregon limited liability company ("Developer"):
RECITALS:
A. Agency and Developer entered into that certain Agreement to Negotiate Exclusively dated
effective May 11, 2020 (the "'Agreement"), for the purpose of analyzing and negotiating
development for the Site as defined in the Agreement.
B. Agency and Developer agree it is in the best interest of the Agency and Developer to extend
the Termination Date for an additional sixty(60)days on the terms and conditions set forth herein.
AGREEMENT:
NOW, THEREFORE, in consideration of the foregoing Recitals, the agreements,set forth
herein, and for other good and valuable consideration, the receipt and sufficiency of which are
hereby acknowledged,Agency and Developer hereby agree as follows,:
I. ,9efined Terms: All capitalized terms not otherwise defined herein shall have the
meanings set forth in the Agreement.
2. Amendment to Section 102: Section 102 shall be amended to extend and define
the'"fermination Date as Monday, December 14, 2020.
3. Counterparts: This First Amendment may be executed in multiple counterparts,
each of which shall be deemed an original, but all of which, together, shall constitute one and the
same instrument.
4. Ratification: Except as amended by this First Amendment, the Agreement is
hereby ratified and confirmed and all other terms, provisions and conditions of the Agreement
shall remain in full force and effect, unaltered, unwaived and unchanged by this First Amendment.
[end of text]
(vignatures onjbllowingj)qA�e)
FIRST AMENDMENT TO ANE—Page I
0ocuS€gn Envelope ID:B0404026-043C-&r=55-B207-F38CigDI0263
EXECUTED as of the date first above written.
fl' AGENCY::
�.•``�,�ti �MTH�. URBAN RENEWAL,AGENCY OF THE
CITY OF CALDWELL, AHO
•
(R4ort.M.Ho er air
1 .
'q,tn��ti�tiN
DEVELOPER:
deChase Development Services,LLC
Docu53gned b)r:
1 J� � raft,
By:
T. Dean Pape, Manager
fly.
f'
- 1
FIRST AMI ENDMENT TO ANE—Page Z
i
i
I
i �
.ls. �`' �
'�.� .. i
1 * •t,_' V
. _ _.
�,_ _. _ I
_ ' � I
. �
� ?.,
,� _
,:
i