Resolution 2016-65 - Laserfiche WebLink

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TWENTIETH AMENDMENT TO PURCHASE AND SALE AGREEMENT This Twentieth Amendment to Purchase and Sale Agreement (this "Twentieth Amendment") is made this day *;: ► 15 of MOV6nlgeg,2016, by and between Louisville Mill Site, LLC, a Colorado limited liability company ("Purchaser") and City of Louisville, Colorado, a Colorado municipal corporation ("Seller"). WHEREAS, Purchaser and Seller entered into a Purchase and Sale Agreement dated September 27, 2013; and WHEREAS, Purchaser and Seller previously executed a First Amendment, Second Amendment, Third Amendment, Fourth Amendment, Fifth Amendment, Sixth Amendment, Seventh Amendment, Eighth Amendment, Ninth Amendment, Tenth Amendment, Eleventh Amendment, Twelfth Amendment, Thirteenth Amendment, Fourteenth Amendment, Fifteenth Amendment, Sixteenth Amendment, Seventeenth, Eighteenth, and Nineteenth Amendments to the Purchase and Sale Agreement to modify certain dates within the Agreement, and the original agreement as amended by said amendments is hereafter referred to as "the Agreement;" and WHEREAS, Purchaser and Seller desire to further amend the Agreement to add and modify certain terms, and to extend the Closing Date under the Agreement. All capitalized terms not otherwise defined in this Amendment shall have the definitions accorded to those terms in the Agreement. NOW, THEREFORE, in consideration of the mutual covenants herein contained and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby amend the Agreement as follows: 1. Section 5.1 is hereby replaced with the following language: The Closing. The Closing shall take place December 7th, 2016 at 10:00 a.m. at the offices of the Title Company in Boulder, Colorado (the "Closing Date") or other date or time or other place as the parties may agree in writing. 2. The second sentence of Section 5.2.2 is hereby amended to read as follows: The special warranty deed for Lot 3 shall be delivered to Purchaser and recorded only after Purchaser has completed the stabilization Scope of Work, including the Supplement to Exhibit C dated November 8, 2016, for the Grain Elevator Structure and received written City Manager approval thereof. 3. The first sentence of Section 9.18 is hereby amended to read as follows: Purchaser agrees to stabilize the Grain Elevator structure in accordance with a Scope of Work mutually agreed upon by Purchaser and Seller, which Scope of Work is attached 1