CARIBOU INDUSTRIES (6) - Laserfiche WebLink

Home Browse Search

A-2020-207 � !:'vcURANCENO7REWIRED C\, VVG!1 K tiiAY MOCEED CLERK OF COUNCIL SECOND AMENDMENT TO SECOND EXCLUSIVE NEGOTIATION AGREEMENT p-CWAIV)� Second Amendment to Second Exclusive Negotiation Agreement is made and entered into this 20`s day of October, 2020, by and between CARIBOU INDUSTRIES, INC., a Nevada corporation ("Developer"), and the CITY OF SANTA ANA, a charter city and municipal corporation, organized and existing under the Constitution and laws of the State of California ("City"). RECITALS A. The City and Developer entered into Second Exclusive Negotiation Agreement No. A-2019-062, dated May 7, 2019, in order to provide a specified period of time to attempt to negotiate a disposition and development agreement ("DDA") ("said Agreement"). B. On April 22, 2020, the City and Developer entered into a First Amendment to said Agreement, No. A-2020-071, in order to extend the Term of Agreement to extend the Negotiation Period until November 6, 2020. C. In accordance with the terms and conditions of said Agreement, the Parties desire to again amend the Term of Agreement section to extend the Negotiation Period for an additional sixty (60) days, until January 5, 2021. NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the terms and conditions of said Agreement, except as herein modified, the parties agree as follows: 1. Section 2, Term of Agreement, subsection (a), shall be amended to extend the Negotiation Period for an additional sixty (60) days, until January 5, 2021. 2. Section 2, Term of Agreement, subsection (d), shall be amended to read as follows: "The Negotiation Period may only be extended by approval of the City Council." 3. Except as hereinabove modified, all terms and conditions of said Agreement shall remain in full force and effect. Page 1 of 2