HomeMy WebLinkAboutContracts & Agreements_73-2004_CCv0001.pdf STANDARD PACIFIC HOMES
May 5, 2004
Mr. Douglas Headrick, P.E.
Chief of Water Resources
City of Redlands,
Municipal Utilities Department
P.O. Box 3005
Redlands, CA 92373
RE: I st Amendment to Purchase Agreement for City Property
Dear Doug:
This letter is written in reference to that certain Purchase Agreement made and entered
into by and between the City of Redlands, a municipal corporation ("City") and Standard
Pacific Corp, ("SPH") as of May 20, 2003, for the property generally known as the City
property on San Bernardino Avenue ("Agreement").
Buyer hereby proposes to amend the Agreement as follows:
1. Buyer shall have the right to an additional 4 month extension of the closing date
(the "Third Extension"). The Third Extension would extend the close of escrow
to December 29, 2004. In order to exercise the Third Extension, Buyer shall
deposit with escrow holder$16,800, which will be immediately released to Seller,
non-applicable to the Purchase Price, and non-refundable. Buyer shall deliver
such payment on or before August 29, 2004.
Please sign this letter in the space provided to indicate your acceptance of the foregoing
amendment and return a copy of the fully executed letter to me. Thank you for your
consideration.
(Signatures on following page)
Oil
255 Easl Rincon Street, Suit( 200 0 Corona,CA 1)287,9-113(1
'FU (909)3712-8300- FAX (909) 372-%35 10
Mr. Douglas Headrick,
January 14, 2004
Page 2 of 2
Sincerely, Approved and Acceptby Seller:
Standard Pacific of the Inland Empire,
a division of Standard Pacific Corp.,
a Delaware corporation
usan Peppler, Mayor
P May 18, 2004
Martin P ngpap Date
Land Acquisition Mai ager
Attest:
Beatrice Sanchez, Deputy City Clergy