HomeMy WebLinkAboutDoc 289 - Amend Improv Agrmt - TetherowPage 1 of 5 - AMENDMENT NO. 4 TO IMPROVEMENT AGREEMENT DESCHUTES COUNTY DOCUMENT No. 2007-380 - Overnight Lodging, Deschutes County Document No. 2010-289 For Recording Stamp Only AMENDMENT NO. 4 TO IMPROVEMENT AGREEMENT DESCHUTES COUNTY DOCUMENT No. 2007-380 Overnight Lodging That certain Improvement Agreement, Deschutes County Document No. 2007-380 (“Agreement”), by and between DESCHUTES COUNTY, OREGON, a political subdivision of the State of Oregon (“County”) and ARROWOOD DEVELOPMENT, LLC, an Oregon limited liability company (“Developer”), dated August 29, 2007, together with Amendment No. 1 to Improvement Agreement No. 2007-380, Deschutes County Document No. 2007-493, Amendment No. 2 to Improvement Agreement No. 2007-380, Deschutes County Document No. 2008-576 and Amendment No. 3 to Improvement Agreement No. 2007-380, Deschutes County Document No. 2009-510, is amended as set forth below, effective upon signature of all signatories hereto. All other provisions of the Agreement remain the same and in full force. 3. Exhibits . The Exhibits listed below and attached to this Amendment No. 4 are hereby incorporated herein by reference as part of the Agreement and supplement that Exhibit E attached to Amendment No. 3 to Improvement Agreement – Overnight Lodging, Document No. 2008-576: 3.6. Exhibit F – Verification by Wells Fargo of extension of expiration date of Irrevocable Letter of Credit No. NZS648008 to September 30, 2011. 5. Construction of Overnight Lodging Required Improvements. 5.3 Developer shall cause the Required Improvement to be inspected by and receive final written construction approval from County and/or the State of Oregon not later than two (2) years from the date the Tetherow Phase 1 Final Plat is recorded with County Clerk (“Completion Date”). This date is hereby further extended by one (1) year, resulting in a new Completion Date of September 24, 2011. SIGNATURE PAGES FOLLOW REVIEWED ______________ LEGAL COUNSEL Page 2 of 5 - AMENDMENT NO. 4 TO IMPROVEMENT AGREEMENT DESCHUTES COUNTY DOCUMENT No. 2007-380 - Overnight Lodging, Deschutes County Document No. 2010-289 Dated this _______ of ___________, 2010 BOARD OF COUNTY COMMISSIONERS ______________________________________ DENNIS R. LUKE, CHAIR ______________________________________ ALAN UNGER, VICE-CHAIR ATTEST: ______________________________________ Recording Secretary ______________________________________ TAMMY BANEY, COMMISSIONER STATE OF OREGON ) ) ss. County of Deschutes ) Before me, a Notary Public, personally appeared DENNIS R. LUKE, ALAN UNGER and TAMMY BANEY, and the above-named Board of County Commissioners of Deschutes County, Oregon and acknowledged the foregoing instrument on behalf of Deschutes County, Oregon. DATED this _____ day of _______________, 2010. __________________________________________ Notary Public for Oregon My Commission Expires: _____________________ Page 3 of 5 - AMENDMENT NO. 4 TO IMPROVEMENT AGREEMENT DESCHUTES COUNTY DOCUMENT No. 2007-380 - Overnight Lodging, Deschutes County Document No. 2010-289 Dated this _____ day of August, 2010 SUCCESSOR TO DEVELOPER: VRE LODGE HOMES, L.L.C. a Missouri limited liability company By: Ocala First Corporation, Inc., Manager By:______________________________________ Henry Warshaw, President STATE OF MISSOURI ) ) ss. COUNTY OF ST. LOUIS ) Before me, a Notary Public, personally appeared Henry Warshaw, in his capacity as President of Ocala First Corporation, Inc., a Missouri corporation, Manager of VRE Lodge Homes, L.L.C., a Missouri limited liability company and acknowledged the foregoing instrument on behalf of VRE Lodge Homes, L.L.C. Dated this _____ day of August, 2010 _________________________________________ Notary Public for Missouri My Commission Expires: ____________________ Page 4 of 5 - AMENDMENT NO. 4 TO IMPROVEMENT AGREEMENT DESCHUTES COUNTY DOCUMENT No. 2007-380 - Overnight Lodging, Deschutes County Document No. 2010-289 Come now, Joseph E. Weston, Weston Investment Co., LLC, an Oregon limited liability company, and Wells Fargo Bank, N.A. and hereby consent to the foregoing AMENDMENT NO. 4 TO IMPROVEMENT AGREEMENT DESCHUTES COUNTY DOCUMENT No. 2007-380 - Overnight Lodging. Dated this _____ day of August, 2010 JOSEPH E. WESTON By:_____________________________________ Joseph E. Weston STATE OF OREGON ) ) ss. COUNTY OF __________________ ) Before me, a Notary Public, personally appeared JOSEPH E. and acknowledged the foregoing instrument. Dated this _____ day of August, 2010 _________________________________________ Notary Public for Missouri My Commission Expires: ____________________ Dated this _____ day of August, 2010 WESTON INVESTMENT CO., LLC an Oregon limited liability company By:______________________________________ ________________________________________ Please Print Name ________________________________________ Please Print Title STATE OF OREGON ) ) ss. COUNTY OF __________________ ) Before me, a Notary Public, personally appeared ____________________, in his/her capacity as (Title)____________________ of Weston Investment Co., LLC, an Oregon limited liability company and acknowledged the foregoing instrument on behalf of Weston Investment Co., LLC. Dated this _____ day of August, 2010 _________________________________________ Notary Public for Missouri My Commission Expires: ____________________ Page 5 of 5 - AMENDMENT NO. 4 TO IMPROVEMENT AGREEMENT DESCHUTES COUNTY DOCUMENT No. 2007-380 - Overnight Lodging, Deschutes County Document No. 2010-289 Dated this _____ day of August, 2010 WELLS FARGO BANK, N.A. By:______________________________________ ________________________________________ Please Print Name ________________________________________ Please Print Title STATE OF _____________ ) ) ss. COUNTY OF ____________ ) Before me, a Notary Public, personally appeared ____________________, in his/her capacity as (Title)____________________ of, Wells Fargo Bank, N.A., a/an (Type of Company) ___________________________ and acknowledged the foregoing instrument on behalf of Wells Fargo Bank, N.A.. Dated this _____ day of August, 2010 _________________________________________ Notary Public for Missouri My Commission Expires: ____________________