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HomeMy WebLinkAboutC12-303 Amendment to Contract s4 a� AMENDMENT TO CONTRACT This Amendment to Contract (this "Amendment ") is entered into this 27th day of August, 2012, by and between EAGLE RANCH VILLAGE, LLC., a Delaware limited liability company ( "Seller ") and EAGLE COUNTY, COLORADO, a Colorado political subdivision ("Purchaser"). RECITALS: A. Purchaser and Seller are parties to that certain Purchase and Sale Agreement dated July 24, 2012 (the "Agreement "). B. Purchaser and Seller desire to amend the provisions of Section 2.2 of the Agreement relating to Seller's contingency, as more specifically provided herein. NOW, THEREFORE, the parties agree to the following amendments to the Agreement: 1. Terms. Capitalized terms in this Amendment will have the same meanings as in the Agreement. To the extent that the terms and provisions of this Amendment conflict with, modify or supplement portions of the Agreement, the terms and provisions contained in this Amendment shall govern and control the rights and obligations of the parties. 2. Seller Contingency. The date required in Section 2.2 of the Agreement for Seller to deliver notice to Purchaser of Seller's election to terminate the Agreement as a result of the failure of the contingency contained therein is extended from August 31, 2012 to September 10, 2012. 3. No Further Modification. Except as expressly provided in this Amendment, the Agreement is in full force and effect and unmodified. 4. Counterparts and Facsimile. This Amendment may be executed in counterparts which when taken together shall constitute the entire agreement of the parties. This Amendment may be transmitted by telefax copier and the parties agree that their signature transmitted by telefax will constitute a duly executed counterpart of the Amendment. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] [SIGNATURE PAGE FOLLOWS] C12►� -Ivl •a '.S IN WITNESS WHEREOF the parties hereto have executed this Amendment to be effective as of the date above written. SELLER: EAGLE RANCH VILLAGE, LLC, a Delaware limited liability company By: Mataura Corp., a Delaware corporation Its: Manager By: ! ( ? ( Z '_._- k Willis J. right President PURCHASER: EAGLE COUNTY, COLORADO By and through its Board of County Commissioners / By: _ or , Peter F. Runyon, Chairman I A‘w I - < * Simonton, Clerk to the Board i 2