HomeMy WebLinkAbout082420_ra03 JEFFERSON COUNTY
BOARD OF COUNTY COMMISSIONERS
AGENDA REQUEST
TO: Board of County Commissioners
Philip Morley, County Administrator
FROM: Mark McCauley, Central Services Director
DATE: August 24, 2020
SUBJECT: One-Year Extension to the Closing Date of September 1, 2020 Listed
in the Real Property Purchase and Sale Agreement Between Jefferson County and
OlyCAP for Tax Parcel #948-323-702, Located on Castle Hill
STATEMENT OF ISSUE:
To help alleviate Jefferson County's acute shortage of affordable housing the Board of County
Commissioners entered into a Purchase and Sale Agreement with OlyCAP for county parcel tax
9483237. OlyCAP is proposing to build a 44-unit affordable housing facility in Port Townsend,
on this tax parcel. The facility would also house a child care/early learning program which would
be available to residents of the affordable housing facility and to other Jefferson County
residents.
ANALYSIS:
The Real Property Purchase and Sale Agreement, in paragraph 5, established a required a closing
date of September 1, 2020. Because the timing of the next round of project fundraising runs well
past September 1, 2020 the Purchase and Sale agreement closing date must be extended until
September 1, 2021.
The attached Amendment to the Purchase and Sale agreement will accomplish that extension.
FISCAL IMPACT:
The Amendment to the Real Property Purchase Agreement, in and of itself, has no fiscal impact.
Subsequent events may have a fiscal impact, which at this time are impossible to determine.
RECOMMENDATION:
That the Board of County Commissioners approve the attached Amendment to the Real Property
Purchase and Sale Agreement.
RE WED BY:
(572-eize924v
Philip Mor County Administrator Date
AMENDMENT NO. 1 TO REAL PROPERTY PURCHASE AND SALE AGREEMENT
This Amendment No. 1 is entered into by and Jefferson County, a Washington municipal
corporation(the "County") and Olympic Community Action Programs, a Washington non-profit
corporation("OlyCAP") amend the Real Property Purchase and Sale Agreement entered into by
the parties regarding Tax Parcel No. 948-323-702 ("the Agreement").
1. The Paragraph 5 (CLOSING DATE; CLOSING AGENT)the Agreement is amended as
follows:
5. CLOSING DATE; CLOSING AGENT. Closing shall occur on or
before September 1, 2021 (the"Closing Date"). "Closing"or"Close" shall mean
the date on which all documents required by this Agreement are recorded, and the
sales proceeds are available for disbursement. Closing shall occur at First
American Title Company, 2424 S. Park Ave., Port Townsend, WA 98368, (360)
385-1322 ("First American Title"), which shall act as"Closing Agent", unless the
parties agree in writing otherwise. OlyCAP and the County shall deposit with the
Closing Agent all instruments, monies, and other documents reasonably required
to complete the cl IN WITNESS THEREOF, County and the Contractor have
executed this Contract on the date first above written.
2. Effective Date of Amendment No. 1. Amendment No. 1 shall be effective as soon as it is
fully executed in writing by both parties.
3. Savings. All other provisions of the Agreement remain unchanged and in effect.
(SIGNATURES FOLLOW ON NEXT PAGE)
•
AMENDMENT NO. 1 TO REAL PROPERTY PURCHASE AND SALE AGREEMENT
Page 2 of 2
IN WITNESS THEREOF, the County has executed this Amendment to the Real Property
Purchase and Sale Agreement.
JEFFERSON COUNTY WASHINGTON OLYMPIC COMMUNITY ACTION
PROGRAMS,a Washington non-profit
corporation
Board of County Commissioners
Jefferson County, Washington
By: By:
Greg Brotherton, Chair Date Cherish Cronmiller, Date
Executive Director
By:
David Sullivan, Commissioner Date
By:
Kate Dean, Commissioner Date
SEAL:
ATTEST:
Carolyn Galloway Date
Deputy Clerk of the Board
Approved as to form only:
6/26/2020
Philip C. Hunsucker Date
Chief Civil Deputy Prosecuting Attorney