HomeMy WebLinkAboutC03-319 Eagle Riverview Affordable Housing Corporation ~O..3 -~{1-1~ 150 PROPERTY MANAGEMENT AGREEMENT AMENDMENT THIS ~ PWPERTY MANAGEMENT AGREEMENT AMENDMENT is made and entered into thi~ay of (A,-:tols p.-e) . 2003, between Eagle County, by and through its Board of County Commissioners (hereinafter referred to as "County") and the Eagle Riverview Mfordable Housing Corporation, (hereinafter referred to as "Owner") to renew and amend the Property Management Agreement dated September 25, 2001 ("Original Agreement"), whereby County agreed to manage the property of Owner known as the Riverview Apartments. In consideration of the terms and conditions of the Original Agreement, the sufficiency of which is hereby acknowledged, County and Owner agree that this Amendment shall replace and supersede the section of the Original Agreement as stated hereunder. ARTICLE 2, Term, shall be deleted in its entirety and replaced with the following effective September 31, 2003: ARTICLE 2 Term Subject to and upon the terms and conditions set forth herein, or in any exhibit or addendum hereto, this Agreement shall continue in force, ending at 11 :59 p.m. on September 30, 2004, subject, however to the termination provisions in Article 13. This Agreement shall automatically renew for an additional year, up to a total of four years (through 2008) unless either party gives written notice to the other, no later than 30 days prior to the expiring period, of its intent not to renew for the next year. If any conflict exists between the provisions of this Amendment and the Original Agreement, the provisions of this Amendment shall control. All terms and conditions of the Original Agreement, as may be amended from time to time, shall remain in full force and effect, except as they expressly are amended herein. IN WITNESS WHEREOF, the parties have executed this Amendment on the day and year first above written. liTHE REMAINDER OF THIS P AGE INTENTIONALLY LEFT BLANK/I COUNTY OF EAGLE, STATE OF COLORADO, by and through its BOARD OF COUNTY COMMISSIONERS By: EAGLE RIVERVIEW AFFORDABLE HOUSING CORPORATION ~.~ Tom C. Stone, President