Agreement with SimonCRE JC Ocotillo LLC
Extracted text (via pymupdf)
2427 characters
AMENDMENT TO AGREEMENT FOR PURCHASE OF REAL ESTATE
THIS AMENDMENT TO AGREEMENT FOR PURCHASE OF REAL ESTATE (this
"Amendment"), dated effective as of_
, is made by and between the City
of Glendale, an Arizona municipal corporation ("Seller"), and SimonCRE JC Ocotillo LLC,
an Arizona limited liability company ("Purchaser").
STATEMENT OF BACKGROUND
WHEREAS, Seller and Purchaser entered into an Agreement for Purchase of Real Estate
Contract No. C24-0431 dated May 28, 2024, for the purchase of certain property located in
Glendale, Arizona and more particularly described in the Agreement; and
WHEREAS, Seller and Purchaser desire to supplement and amend the Agreement as
provided herein.
NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of
which is hereby acknowledged, Seller and Purchaser hereby agree as follows:
1. Section 3 of the Agreement is hereby amended so that the Closing Date shall be a date
mutually agreed to by the Seller and Purchaser but not later than October 6, 2025.
2. Section 4 of the Agreement is hereby amended so that the Due Diligence Period shall
expire on the Closing Date of October 6, 2025.
3. Conflicts. In the event of any conflict between the terms of this Amendment and the
Agreement, the terms of this Amendment shall control. The Agreement remains in full
force and effect, except as modified by this Amendment. The Agreement, anywhere
referenced as the "Agreement" in the Agreement, shall mean the Agreement as amended
by this Amendment.
4. Counterparts. This Amendment may be executed in any number of counterparts, each of
which shall be deemed an original, but all of which when taken together shall constitute
one and the same instrument.
5. This Amendment shall be binding upon and incur to the benefit of the parties hereto,
and their respective successors in interest and assigns.
[signature page follows]
IN WITNESS WHEREOF, the parties hereto have executed and delivered this
Amendment as of the date first above written.
SELLER:
CITY OF GLENDALE
an Arizona municipal corporation
By: ______________________
Name:____________________
Title:_____________________
ATTEST:
________________________
Julie K. Bower, City Clerk
APPROVED AS TO FORM:
__________________________
Michael D. Bailey, City Attorney
PURCHASER:
SIMONCRE JC OCOTILLO LLC
By: ______________________
Name:____________________
Title:_____________________