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HomeMy WebLinkAboutSOB18-004 Eagle County Housing and Development Authority - Management AgreementFIRST AMENDMENT TO PROPERTY MANAGEMENT AGREEMENT BETWEEN SENIORS ON BROADWAY, LP AND EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY THIS FIRST AMENDMENT (“First Amendment”) is effective as of July 1, 2018 by and between EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY, a public body corporate and politic (hereinafter called “Manager”) and SENIORS ON BROADWAY, LP, a Colorado limited partnership (hereinafter “Owner”). RECITALS WHEREAS, Owner and Manager entered into an agreement dated the 6th day of January, 2016, for certain Services (the “Original Agreement”); and WHEREAS, the term of the Original Agreement expires on the 30th day of June, 2018 and the parties desire to extend the term of the Original Agreement for an additional three year term on the same terms and conditions as set forth in the Original Agreement. FIRST AMENDMENT NOW THEREFORE, in consideration of the foregoing and the mutual rights and obligations as set forth below, the parties agree as follows: 1. The Original Agreement, as identified in Article 2, shall be amended to extend the term to the 30th day of June, 2021. 2. In Article 18, the Contact Name for Eagle County Housing and Development Authority shall be revised to reflect Kimberly Bell Williams, Executive Director. 3. Capitalized terms in this First Amendment will have the same meaning as in the Original Agreement. To the extent that the terms and provisions of the First Amendment conflict with, modify or supplement portions of the Original Agreement, the terms and provisions contained in this First Amendment shall govern and control the rights and obligations of the parties. 4. Except as expressly altered, modified and changed in this First Amendment, all terms and provisions of the Original Agreement shall remain in full force and effect, and are hereby ratified and confirmed in all respects as of the date hereof. 5. This First Amendment shall be binding on the parties hereto, their heirs, executors, successors, and assigns. [Rest of Page Intentionally Left Blank] DocuSign Envelope ID: DDA08D7C-109F-4B46-AD14-34AC24518167 2 SNROB Am Term Final 5/14 IN WITNESS WHEREOF, the parties hereto have executed this First Amendment to the Original Agreement the day and year first above written. OWNER: Seniors on Broadway LP By Seniors on Broadway LLC, its general partner By Golden Eagle Elderly Housing Corporation, its sole member By: ____________________________________ Kathy Chandler-Henry, President MANAGER: EAGLE COUNTY HOUSING AND DEVELOPMENT AUTHORITY By: _____________________________ Kimberly Bell Williams, Executive Director DocuSign Envelope ID: DDA08D7C-109F-4B46-AD14-34AC24518167