HomeMy WebLinkAbout2008-087a - BK PropertiesBILL N0.2008-87,9 ORDINANCE N0.2008-87q
AN ORDINANCE APPROVING THE SECOND ADDENDUM TO THE PURCHASE AND
DEVELOPMENT AGREEMENT BETWEEN THE CITY OF RIVERSIDE, MISSOURI, THE
INDUSTRIAL DEVELOPMENT AUTHORITY OF THE CITY OF RIVERSIDE, MISSOURI,
AND BK PROPERTIES, L.L.C., AND APPROVING ACTIONS RELATING THERETO.
WHEREAS, the City of Riverside, Missouri (the "City"), The Industrial Development
Authority of the City of Riverside, Missouri and BK Properties, L.L.C., entered into that certain
Purchase and Development Agreement dated March 4, 2008 (such agreement, as amended by the
First Addendum, the "Agreement"); and
WHEREAS, under the Agreement, the North Property Closing Date was to occur no later
than August 1, 2008; and
WHEREAS, the parties desire to extend the North Property Closing Date to no later than
September 1; 2008; and
NOW, THEREFORE, be it ordained by the Board of Aldermen of the City of Riverside,
Missouri, as follows:
Section 1. The City shall enter into a second addendum to the Agreement extending the North
Property Closing Date to no later than September 1, 2008 (the "Second Addendum").
Section 2. The execution and delivery of the Second Addendum, in substantially the form
attached hereto, is approved and the Mayor is authorized to execute the Second Addendum, with
such changes as she shall approve, execution of such document being conclusive proof of such
approval and the Mayor, City Administrator, City Attorney and other officers of the City are
authorized to take. such other actions reasonably necessary to carry out the intent of this
Ordinance on behalf of the City.
Section 3. This Ordinance shall be in full force and effect from and after its passage and
approval.
Passed and approved this Soh day of August, 2008.
Attest:
Kathleen L. Rose, Mayor
Louise Rusick, City Clerk