HomeMy WebLinkAboutContracts & Agreements_25-06 RDA_CCv0001.pdf AMENDMENT TO PURCHASE AND SALE AGREEMENT
This First Amendment to Agreement ("Amendment") for Purchase and Sale and Escrow
Instructions ("Purchase and Sale Agreement") is made this 19`x' day of September, 2006 by and
between the Redevelopment Agency of the City of Redlands, a public body("Agency") and
Howard Floyd, an individual ("Seller"). Agency and Seller are sometimes individually referred
to herein as a"Party," and together, as the "Parties."
RECITALS
WHEREAS on September 5, 2006, the Parties entered into the Purchase and Sale
Agreement relating to Agency's purchase of certain real property owned by Seller commonly
known as Assessor Parcel Nos. 169-281-47, 169-281-48, 169-281-49 and 169-251-50 (the
"Property"); and
WHEREAS as part of the Purchase and Sale Agreement, Seller requested that the escrow
associated with the sale of the Property be undertaken by Guardian Escrow; and
WHEREAS, Seller is now requesting that Agency agree to a change in designation of the
escrow company from Guardian Escrow to VIP Group, a wholly-owned subsidiary of Coldwell
Banker Realty Center;
NOW, THEREFORE, the Parties agree to amend their Purchase and Sale Agreement as
follows:
AGREEMENT
Section 1: Section 4.1 of the Purchase and Sale Agreement is hereby amended to
substitute the name of VIP Group, a wholly-owned subsidiary of Coldwell Banker Realty Center
("VIP") in place of Guardian Escrow Company, and to acknowledge that Agency shall be
excused by Seller from any obligation under the Purchase and Sale Agreement to open escrow
with Guardian Escrow and that, instead, escrow shall now be opened by Agency with VIP within
five (5) business days of Agency's approval of this Amendment.
DllvflAgreMmendment to Purchase and Sale Agreement-ftoward Floyd
Section 2: All other terms and conditions of the Purchase and Sale Agreement shall
remain the same.
Executed this 19'" day of September, 2006 in Redlands, California.
REDEVELOPMENT AGENCY OF THE SELLER
CITY OF REDLANDS
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By: A"ed "
1
'yffi Harrison, Chairperson owar Floyd T7
ATTEST:
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By:
Lorri oyZer, Secrqtary
DJWAgrec Amendment to Purchase and Sale Agreement-Howard Floyd