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SUBJECT: <br />DATE: <br />RESOLUTION NO. 5, SERIES 2015 <br />FEBRUARY 3, 2015 <br />PAGE2OF2 <br />The stabilization project has seen delays. Significant wood rotting was discovered and <br />has required additional time to address without negatively affecting the structure. <br />Extending the completion to October 31, 2015 gives Louisville Mill Site LLC the entire <br />2015 building season to complete the Scope of Work. <br />RECOMMENDATION: <br />Staff recommends approving the attached Resolution approving the Third Amendment <br />to the Purchase and Sale Agreement between Louisville Mill Site, LLC and the City of <br />Louisville. <br />ATTACHMENTS: <br />1. Resolution approving the Third Amendment <br />2. Third Amendment to the Purchase and Sale Agreement <br />3. Second Amendment to the Purchase and Sale Agreement <br />4. First Amendment to the Purchase and Sale Agreement <br />5. Original Purchase and Sale Agreement <br />COUNCIL COMMUNICATION <br />