HomeMy WebLinkAbout4265 Resolution - PSA for Purchase of Personal Propery and Leasehold Interests (Blasdel)RESOLUTION NO. 4265
A RESOLUTION OF THE CITY OF PASCO, WASHINGTON,
AUTHORIZING THE PURCHASE OF PERSONAL PROPERTY AND
LEASEHOLD INTERESTS ON PROPERTY LOCATED AT 515 BLASDEL
ROAD, PASCO, WASHINGTON
WHEREAS, owners of personal property and leasehold interests upon property located at
515 Blasdel Road, Pasco, WA, have authorized sale of said personal property and leasehold
interests for the amount of twenty-five thousand dollars ($25,000), and
WHEREAS, through discussion of mutual goals of the Pasco Public Works Department
for usage of this property in support of the Process Water Reuse Facility and the Seller, the parties
desire to enter this transaction, and
WHEREAS, the City has reviewed the Purchase and Sale Agreement and all associated
documents, and
WHEREAS, the City has appropriated funding for purchase in the amount of the listing
price; and
WHEREAS, the City has negotiated and executed, through its City Manager, a fair and
reasonable Purchase and Sale Agreement with the owners of the personal property and leasehold
interests upon property located at 515 Blasdel Road, Pasco Washington
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY
OF PASCO, WASHINGTON:
That the attached Purchase and Sale agreement is satisfactory to the goals and budget for
the City of Pasco and the purchase of the subject property and interests is advantageous to the City,
and
Be It Further Resolved that the City Council hereby ratifies the City Manager's execution
of the Purchase and Sale agreement attached hereto as Exhibit A and authorizes the City Manager
to take all necessary steps to administer the agreement; and to make minor substantive changes as
necessary to execute the Agreement.
Be It Further Resolved, that this Resolution shall take effect and be in full force
immediately upon passage by the City Council.
Resolution - Purchase Sale Agreement — Blasdel Personal Property & Leasehold Interests —
PASSED by the City Council of the City of Pasco, Washington this 17th day of October,
2022.
Blanc a has
Mayor
ATTEST:
APPROVED AS TO FORM:
Debra Barham, CMC Kerr Fe aw, PLLC
City Clerk Cit orneys
Resolution - Purchase Sale Agreement — Blasdel Personal Property & Leasehold Interests —
DocuSign Envelope ID: 9FA08656-A2E7-4771-6153-D0090BD9F156
Commercial & Investment Real Estate `°""" "&LL zon
Purchase&Sale Agreement csnrrsu+la�.a�.ee&`"g'�f1B'"IPap 1113
Sept 1, 2022
Reference Date:
City of Pasco ("Buyer") agrees to buy and N V Holding Inc- & 131asd liQldino `- . ["Seller")
agrees to sell, on the following terms, the ..,:::............ rcc! 4 JWbV c d .::; improvements thereon
[collectively, the "Property") commonly known as 501 Blasdel Road , in the City
of Pasco, Franklin County, Washington, legally descrioeo on attacneo L-xniolt A. i ne Keference
Date above is intended to be used to reference this Agreement and is not the date of "Mutual
Acceptance," which is defined in Section 23. cMM Tewnty--Rw Thousand u"
M�
1. PURCHASE PRICE. The purchase price is Dollars
$2s,000 11"Ic= payable as follows (check only one):
All cash at closing with no financing contingency.
_All cash at closing contingent on new financing in accordance with the Financing
Addendum [attach CBA Form PS_FIN).
—$ —OR '/a of the purchase price in cash at closing with the balance of the purchase
price paid as follows [check one or both, as applicable): _..buyer's assumption of the
outstanding principal balance as of the Closing Date of a first lien note and deed of trust (or
mortgage); or _real estate contract, in accordance with the Financing Addendum (attach
CBA Form PS_FIN); _Buyer's delivery at closing of a promissory note for the balance of the
purchase price, secured by a deed of trust encumbering the Property, in accordance with the
Financing Addendum [attach CBA Form PS_FIN ).
Other.
2. EARNEST MONEY, The earnest money in the amount of $5.040 shall be in the form of:
Cash
_X_ Check
_ Promissory note (attached CBA Form EMN)
The earnest money shall be held by Closing Agent Buyer shall deliver the earnest money no
later than:
_X_ -3- days after Mutual Acceptance.
— On the last day of the Feasibility Period defined in Section 5 below.
— Other: Within 3 Daus of Being Put in First I osit"s=
If the earnest money is to be held by Selling Firm and is over $10,000, it shall be deposited to:
Selling Firm's pooled trust account (with Interest paid to the State Treasurer) _..,A
separate interest bearing trust account in Selling Firm's name. The interest, if any, shall be
credited at closing to Buyer. If this sale fails to close, whoever is entitled to the earnest
money is entitled to interest
Selling Firm shall deposit any check to be held by Selling Firm within 3 days after receipt or
Mutual Acceptance, whichever occurs later. Buyer agrees to pay financing and purchase
costs incurred by Buyer. Unless otherwise provided in this Agreement, the earnest money
shall be applicable to the purchase price.
3. EXHIBITS AND ADDENDA. The following Exhibits and Addenda are made a part of this
Agreement:
X_ Exhibit A - Legal Description
X _ Exhibit B - Additional Terms
Earnest Money Promissory Note, CBA Form EMN
Note, LPB Form No. 28A
Short Form Deed of Trust, LPB Form No. 20
Deed of Trust Rider, CBA Form DTR
Utility Charges Addendum, CBA Form UA
FIRPTA Certification, CBA Form 22E
Assignment and Assumption, CBA Form PS -AS
Addendum/Amendment, CBA Form PSA
BaO-NgAdendum, CBA Form BU -A
Date . TM,n.,a,n,,.,.mm. ,b.*,wnft low"
m�,.ama,.
.na+van*r orormw+q
seder-�►y .� Date_,.,_. _ �' e<..w..Vo.aXmseaa�
DocuSign Envelope ID: 9FA08656-A2E7-4771-B153-D0090BD9F156
Commercial & Investment Real Estate `"" '' , �W
5VN Purchase & Sale Agreement `g"�""�'"' ��'°"�°°"'°"t' , �;
Vacant Land Addendum, CBA Form VLA
Financing Addendum, CBA Form PS_FIN
Tenant Estoppel Certificate, CBA Form PS TEC
Defeasance Addendum, CBA Form PS_D
4. SELLER'S UNDERLYING FINANCING. Unless Buyer is assuming Seller's underlying financing,
Seller shall be responsible for confirming the existing underlying financing is not subject to
any "lock out" or similar covenant which would prevent the lender's lien from being released at
closing. In addition, Seller shall provide Buyer notice prior to the end of the Feasibility Period if
Seller is required to substitute securities for the Property as collateral for the underlying
financing (known as "defeasance"). If Seller provides this notice of defeasance to Buyer, then
the parties shall close the transaction in accordance with the process described in CBA Form
PS—D or any different process identified in Seller's defeasance notice to Buyer.
5. FEASIBILITY CONTINGENCY. Buyer's obligations under this Agreement are conditioned upon
Buyer's satisfaction in Buyer's sole discretion, concerning all aspects of the Property, including
its physical condition; the presence of or absence of any hazardous substances; the contracts
and leases affecting the property; the potential financial performance of the Property; the
availability of government permits and approvals; and the feasibility of the Property for
Buyer's intended purpose. This Agreement shall terminate and Buyer shall receive a refund of
the earnest money unless Buyer gives written notice to Seller within 34 days (30 days if not
filled in) (the "Feasibility Period") of Mutual Acceptance stating that this condition is satisfied. If
such notice is timely given, the feasibility contingency stated in this Section 5 shall be deemed
to be satisfied.
a. Books, Records, Leases, Agreements. Seller shall make available for inspection by Buyer
and its agents within 2. days [2 days if not filled in) after Mutual Acceptance all documents in
Seller's possession or control relating to the ownership, operation, renovation or development
of the Property, excluding appraisals or other statements of value, and including: statements
for real estate taxes, assessments, and utilities for the last three years and year to date;
property management agreements and any other agreements with professionals or
consultants; leases or other agreements relating to occupancy of all or a portion of the
Property and a suite -by -suite schedule of tenants, rents, prepaid rents, deposits and fees;
plans, specifications, permits, applications, drawings, surveys, and studies; maintenance
records, accounting records and audit reports for the last three years and year to date; and
"Vendor Contracts" which shall include maintenance or service contracts, and installments
purchase contracts or leases of personal property or fixtures used in connection with the
Property. Buyer shall determine within the Feasibility Period: [1) whether Seller will agree to
terminate any objectionable Vendor Contracts; and [ii) whether Seller will agree to pay any
damages or penalties resulting from the termination of objectionable Vendor Contracts.
Buyer's waiver of the Feasibility Contingency shall be deemed Buyer's acceptance of all
Vendor Contracts which Seiler has not agreed in writing to terminate. Buyer shall be solely
responsible for obtaining any required consents to such assumption and the payment of any
assumption fees. Seller shall cooperate with Buyer's efforts to receive any such consents but
shall not be required to incur any out-of-pocket expenses or liability in doing so. Seller shall
transfer the Vendor Contracts as provided in Section 17.
b. Access. Seller shall permit Buyer and its agents, at Buyer's sole expense and risk to enter
the Property at reasonable times subject to the rights of and after legal notice to tenants, to
conduct inspections concerning the Property and improvements, including without limitation,
the structural condition of improvements, hazardous materials, pest infestation, soils
conditions, sensitive areas, wetlands, or other matters affecting the feasibility of the Property
for Buyer's intended use. Buyer shall schedule any entry onto the Property with Seller in
advance and shall comply with Seller's reasonable requirements including those relating to
security, confidentiality, and disruption of Seller's tenants. Buyer shall not perform any
invasive testing including environmental inspections beyond a phase I assessment or contact
the tenants or property management personnel without obtaining the Seller's prior written
consent, which shall not be unreasonably withheld. Buyer shall restore the Property and
9/29/2022
Euy Date_ _-- nktrseaena.a".araacm�oneoya.mw*etrormw+
aia.ypa`e pha.gneq.
Seller-/ Date_~��— ea�meaa�iwcaw.,sm �,I7i
b a+IkJaW orbx aas.awiaec
DocuSign Envelope ID: 9FA08656-A2E7-4771-B153-D0090609F156
Commercial & Investment !Real Estate `°"°'"�°`'San2011
ALL Il1C,t1151ESERVC-D
Purchase & Sale Agreement t �u I Pu1dlaae al sacs Agr6st�nt Ipop so
iwng►wa.ew.era+i- +e +hw a+ -.waw .. gd:+: w.+ +h A.. ...w.e id. r: r +e igw..Aw+:wg D....er .-h..11 hw .•wf el..
f111t/I Y.L-l.I.-IIw LV LI/C JAIIlC CV1.4.LI Vf! N.Vr •. V.0 ... Ti,l.Vl LV I/.JT.,VCYA. 1. ✓YlC1 J7fY11 VV JViVI�
r..w.a.-:L.Iw FA. �a I I .. .•+.- wF :+..: .- w..+iA -..+.d Fww.-ih:l:+. -... 1 f -ar..� La-ae- .+w -, +hwri+.. +A h:I.aA
tCJTiIV..JI Y.0 IV1 4fI CVJW V1 .w .: �JI./VYW VI.J VI IY f VYJt Yt.tL' YI /41rJIJ YI tY . t4J .IV YY41V! ILr LV YII I4
Fw. ..rww.-ww 1:w...- D.. er .. w.ww +w ir.dwrng:F.. -....A dF
ewgd Cwfiwr
WIV I FVTJVl L' !VI '/Y.'/VJVJ VI JwLYLV.' if V1.J• ✓Y�V. AylVVJ LV tI.VV.I.1 .!/y Y.-A
VVI CI.Y JC.IVI
Frog. -.11 t:eg.- c=+--, t and" wV w«.sc -.++Ar..A\,w1
1! VII! YIt l.VIIJ, VlY I. l.J, Ylt4 VwTJCI IJV J, I. .ClY4!!.-�i YLLVf 11V1J 4.14 waTrVf W lVCJ, 41.J.l .y II V.t1
. l-.+: rag +w ww+w. cntc er :r..-gww+iwg wF +h Orw Ar+a. h., D...,w.
VI .'C IYW! Iy LV V..N r VI TLV v1 t1IJTACCLl VI f VI W tom. 1 I VTJV. 4r Y' VY' V1 Y.Iu .W
ew++e Swdewna+iF-...wd defegd Ce{Iw. S.". 11 :..w .•Iw.-:..w D. i wr w.w wr.}itz..w +w w.a+w
ag.CCIt.C.IL LV !..MCI. i..II T "and MVI VlIA JV1I C. 411 JV..f1.-- VlVJ.. 1L -T. Y4'..rl 1114' CV..L.l.YC LV a -I
+L.w O.w.+wr}..:.+-....-wr.A-..a.-w+L.w Fwrw.. w:.. +wr..n.- •..a.A .-w...A:+:w...- -.F+wr .ww.wa.-.t
W IV 1 I VTJV! Lr 111 YCCV. 4V! IVC ..IU 1 4 !V If or Cg C....gg. LCI..IJ YI to CV! I4. LI V. IJ 41 LCI t VI I tV.Y! V.
wF+hw Fw-..-:L.i17+.J ..w.++:------ w..l.. Fwr+hw .. w. -w wF lw-...:..g wr }w =+:..F,.
JY NJtYVL.V1. VI
W. .VYJ.Y.I y CV..Lt11y VI.C' ma fly W. W.V pu. TAVJC VI lCL.J.ng V. LV J4 LIJIr
AF fina..wsing
VV/IA.LI V.IJ V. ....Y..V1.ly
G TITf r tUCt1d A►t/�r
TIMw 1 tfw ..a CAlle. ..+h ►..A D..a .w. CF.- gder I G +:.. DreLw. Ce1G..g Drwl.nr w. !`Iwni.ng
Y. .1MV VVw11YC1, •.IJN! ty ✓I V.�C1, VVlI...y ✓I V. -VI VI V.VJ!!!y
Agwr.+ + CAllerl.- e.. e.-ne
/'lyVllL, YL JCIl V! J VAT./C.1JC, LV Yr/FII' .Vf AI1V VVII♦C.LV YA'\-f A .�-JW.l4YIY eLC.1AC4
:F -4- www.wl w}w.At .-wa.w.-. ......w.•.- wlf.... wF +G+Iw wA IF .... w..+wA.ACd
(JW..YY. A, It .IVL VVII/T✓lCLVA) WYVIYyC VittaCl J TJV!/Vj V/ LI LIV .. tJM. Y..CC• !I Y.. VALVIlV.-Y
r.wrin w1:M. ;�
CV.VIYyV V..!!C1 J'IV IIC� !J S TCC/'F11wdY, D✓Y'Vlr SL -
..Y11 ,Y.T +MhIAC eY.J.CAdV
VVJW YJJV C.YLCA ..ILS
wl: :.nwl..d:r.g +hw . `h-.+ wM.-.r w.A FAr w r•+ gd...d wAa. .. w el: r -d
pO!;Vr .-C!L:A./ Iy L V C!-CCJJ '/. VIt tIY 111 V.C. IlY4 Cf IVIyCV VI Y JWf IAC: .4 CV.C. VyC po!;C'. 4.14
N.V CVJL V. Yt.r JYi .VT tCLTY.lVA Yr YfV WWV.^JAI Vl. f.iC L.WC .CTIVILJ.tYa1 ✓V lJJYCV Y' MM
IF Cwllw.
4� • .. V (Y WWC CVII#to4 T V1 I J VI/VICV, /1 I1V4 VV111TdICLCY). 11 -..a-lla-/ T.IlV.IVYJI�
wCI..e
.Vd ., Y lir.-:g-..., wAwn gn:+.r.e.+t ..u+.. +:+fA :...-..rwr +h.,+ D...,wr .Awwf:.. w.- +w . a. -w D....w..s..-.tf
IY 4 r/141I.f I..IV1 r CV.I t•1lIN/1V/1L VI.I Y L.LfV t1 /JY. C1 LIIYL YY�VI ACC.I. .VJ LV AJC, ✓4y
.CCVI J/141!
Trm. „a uT,,T+1Y,1l..w Fw.
p/4 T' ..' CY.IVVIIVWVII IVV V..t.ly L Vflyt.fY1 LILIC 1fIJY.V1• VL/lCt..IJC, LtlV aY .y !4I
is+Sw.t,1.�•+�-w a-h•vlt .. -.w +:+Iw A...a.-w11..+:A... Fww o. +h w w.a+ .-=..+h w
:+ C 1Yt Al.CC J.IY1! PX; M..� Li L1C CYIICVIIYNVI. lVV, ..f L..0 V. V1.L JYCh Y ICC 1J YJJCJJC4.
+iww-.L.Sw .+ attC- :++ +hw +:+iw
M. t ..1\\..LLVY fa.A-.L.TVYV..Y. ✓Y rC.-]I.YII IIVL11 r YV..C. VI Yt.T VY)CVLIVII4YIC tIfY LLVIJ 1.. LI.V WNC
r} . .w .. wlwwnw.n+wl wwwr+ AF. N) +...ew+.. (7A1 d...,..--r++er \A..+. t--1
1VTi,V1L V. an JuPp.C.I.C.1LA1 Import ..tW f1.1 W!C VY1t. VI V.. (.) .-.My (.-V) 44'J.-.YLYYI
+ w„}hf A rwwrwwg+. w. f71 +hw v :..+.+:wA ei the
Dwr. d Th: A rw wwa e.,+
\.4.C�LWitL.0 Y.IJ i^Iy.CVI I/CI.L, Vf (i.) Vt he . VYJl Yl.lL' / V11VA. 1.IJ Ay.CC111 V1 lL
h II +er ig nd D.. . wh-.1t .www:a.e n n..F..wd AF +hw w -..w w..+ ....w.+w tww g
JI IYII LVl ..II1.Yt�Y11Y YY'VI JIfY!! iVCV..V Y ICI Y\.Y VI Y!V CY.,IVJL .I.VI/C't lVJJ Vf.Y CVJW
=A wr .-A....wnfb+ed Fwr D....er =...{w.-� ...:+L.:.. F:a.w HCl d -...n wF D....wd.- r.w+f..w F w. -C6
Y4.YI.VCA VI CV.l11 ... LLCY .V1 ✓Y'C., Y.t!CW (J) Y47J V. VY1V. J alC WCC VI JYCI.
Ah: e.++:Aw- f11 Cwlf . e.- Gg .:+;.+ + ,II w h;w..+:wr...hlw .w..:.-:wr.,. wr f71 D
VVjVCWV..J (t) aIC1f VI YyaCVJ. Ila ........y, LV t V�~V.V Y!! VYjVCLIV.l4 Y.V 1./1 VY.JIV... V. (4) YY'V1
0t:F:w3-SC!! wr+h + D.. Cr...+i..w.- wh•A w+: e...- ..hi. -h 5- C!! dwe,- wOt w w +A erw_ .,w Ifrom w.•
.lV NIfVVI N.YL ✓Y'V. .. Ya.CJ Y:�� VY�CCW VI.J ..!l.CI. JCIIV! YVVJ It YylVV LV .V.IIV.C. 1tITr
s +f+ w++w.e- ..rw d:wwlw.-wd :.+ +-.. tww.eg+,1 +:+tA r.. wr+ +hw .e.-wd:A +w.
:C 1. YL 11IY LLVIJ Yt 4 Y.JCIVJVY I! I Y JY,./r/IC!! 1Vf ILWt NNV I _P V. L, Y tV r/1 VCVYt. tg
h:ww+:wg .-d ...-.:a.wr rwa.:a-fwNe- /-G.ntt -a It,+A+L.w ...waae+f+lw M-.++A.M CACVIdL L61Yi �YYTCr'J I�VNCC
V YjCCN V.f 4tt4 ..Yl. V. T./1 VriJtVlaJ J.lW.! -tjp1' LV LI1V 11C.. LI L.0 1lIYLLV
F wh: w+iwgw .r.. ..-+ he dwl:.,e.wd ..P+h:g F:..e fC) d-. -4:deif.,w wF+hw w 1 Ag+wt rw wr+ --AVI VY�CCLI V.IJ Il.YJL YV VVI.. V1 V4 ... L. l.I. /..0 (J) 447J V\ AL -.1 ..r1 V1 L/1V JYTJTIIVIIIV.ILY. lVTJV. L Y.1V
C Ilwr•,- w.-..wwww wr D....w./.- .-a:..wr ..+. ..•+ he d.clf..e i+h:r. +...w f71 d ,- wF
JVIICI J .CJT./VI.JC V/ ✓MTV! J ..Yf. Vt f.lAJL VV VVlI. V.V ..lW ...! L..V (L) 44'J V1 ✓YrC/ J I.V LICC V1
CIVJ.:.IJ.g AAY-+YwC J -L. IY n,.hVwC wV.w.+LwC.+.YdCdY LwV +NhamC.w+
VMjCC+:V.J. The
+hw-e +LVdwVwTCdV .Vwwl-IFJ..:a+}LYr+LY:4-u-4.a4.w--I.;.iC1wVnr.�^V+wVJ. ✓MTC YT1wYyC Vr
1CI.14LV �h' i+ W
+hw
-+-4-..+--. 1:wr. 4r - Mal .e rIn +..Ae.- •nAd +L.w ........w .-h+l1 ..e+ hw dwe....ed +w he ew.w.s++wd
LlIC JL4 LY LVf T IICI! IVf-I L.41 p. vrt:./ Ly LMACJt Ytt4 Zi,/V JYt..0 Jt.Yl1 ..VL VC YLC.I.VY LV YC C. 1. ItLLV4
Cvww +: g.•. wrw..ided h ...ea.wr +hA++hw I:w ��gg r:eg -.g F:w-.gw:gw ...hiwh D.. wr h•..- -. rwwd t-
4
L/aCCTJLIV..J, TJIV.IYV Y, I.V..4. V/, N14L Lt lC /.C� J{-L.Y11t.y Yt.T financing ..l.lch Y4TC. t -YJ uy1VVY LV
.-h-.tf hw I]w...+:++wd c..wwr.+:wr, cvww FFA. +hw Fw•wgw:r. +hw.-w .w..:.-:w..e- .. w+
YJJYIIfV J..YJ. VC Y . C.t/1. LLCM VAVVI.IW V.t. -Cc Pt IVt LIfV IVIVy VII.y, NIVJC T.,IV./Jf V..J 1aV4
,i I+w .wFw.rwd +w wwllw,.+:.,wi.. •.w +6.w
VYjCCLC4 V VI IV. ........ VYTV1 ..Y.. --Y .W VYjV V\IJ YV .VIC..CY 4V CVtlVCN.VIT YJ W.V
I/nwrr..:++ed Cvwew+:w...-" Cwllw.y., ..h-.11 www w. -.+w a..:+h D...- -..nd +hw +f+lw
I C..II.LLC4 L-eVVTi/LI V11J• JVI1C1 Jf/YII VV VTlC. YLV ..1W. ✓4TV1 YI/A WIC NNV Cwri �'/Y.1r LV CIVY.
L.Iw +; 1_ ww.a++w.e- 1..1 ..L.-+11 ww+ hA ..;-A +w
V Y)VCW V. .4VaC NWC /IfYLLV.J YL�JI IYI! l.V4 VV lVLTAIf VY LV .:1 --AI Yl.T V4L V! T,.VVI.a.L VAT..4t IJCJ VI
1:-t1+:1:+.. A+hwr +4....a .. .«w.n+ .wawww+-a.., w...g.. hr.�..ww.- .. A+ ...-,- waved L... D...,w. -.Ad .•w r..+:w..
IfYV11lLT cthc WI4ttT aymncntV .-no ICLY1T VJlCYIfIV1 Mf .CCJ! ct YJJ41a.CV YT ✓MTV. and T✓. Vl4W VI.
wF revel .wwwri.. +-...w.- r+d Cwl,�wr h•.11 rw..: dw A w ncris-.FF:d-...fi ,-on+- ;..;ng +h :.-Fwr... +:w.n
Of
ICY. pf pC.+. LAACJ, MITA VC VI J1fY11 V 4f. V..1.C. J Y.a.Y4..L Ve..W.l tll.y the I... VlIIl4 L.V..
-..ad ►wwwe.n-.hle wwa .wg-..++w c-uc A h +h +:+le wrr-.--.r... The +:+te vel: sh-.11
Y..4 1CYJV.lYY.V CVr VltYtlw IC..iTYCJLV4 Y¢ NIC L. LlV CVIIITJY.. T. !!.0 WLIV pV1lVT J.lY.. CVf IL4111 .IV
41-
V%-CCF/NVf IJ VW ICI W�iY:1 L'1C 4Ct ICI Y/ I-wViAJIVf.J A.IA L.wCCr/WV~J CVI.1�„VI. LV JYC11 of Nvii.:p
r.d
YI.V +wd
V4h�, 15, 2022
7. CLOSING OF SALE. The sale shall be closed on or before,':»: r`:'�,� ^2�t ("Closing") by
ncor Tide 0--- sF y»�.':» ".:.'» ("Closing Agent") (Seller shall select the Closing Agent, if not completed).
Buyer and Seller shall deposit with Closing Agent by 12:00 p.m. on the scheduled Closing date
all instruments and monies required to complete the purchase in accordance with this
Agreement. "Closing" shall be deemed to have occurred when the deed is recorded and the
sale proceeds are available to Seller. Time is of the essence in the performance of this
Agreement. Sale proceeds shall be considered available to Seller, even though they cannot be
disbursed to Seller until the next business day after Closing. Notwithstanding the foregoing, if
Seller informed Buyer during the f=easibility Period that Seller's underlying financing requires
that it be defeased and may not be paid off, then Closing shall be conducted in accordance
9/29/2022
mcewseeanwaad.dra.vd O.".4wlrwu+w*••�•�'
.•+
wa+oa+vbtm.+•o-
/�j/�J� 'r{ r'...! r�Z.. "°'gw"1'b"hnweewwlve..\a
5elkv,A(/W__ Date -:6 eaenasw>tmmsea...ss
DocuSign Envelope ID: 9FA08656-A2E7-4771-B153-D0090BD9F156
Commercial & Investment Real Estate ` Wim"
SVNPurchase & Sale Agreement CMFWMPS-'"I •mom "I ftv VM
with the three-day closing process described in CBA Form PS—D. This Agreement is intended
to constitute escrow instructions to Closing Agent. Buyer and Seller will provide any
supplemental instructions requested by Closing Agent provided the same are consistent with
this Agreement.
8. CLOSING COSTS AND PRORATIONS. Seller shall deliver an updated rent roll to Closing Agent
not later than two (2) days before the scheduled Closing date in the form required by Section
5(a) and any other information reasonably requested by Closing Agent to allow Closing Agent
to prepare a settlement statement for Closing. Seller certifies that the information contained
in the rent roll is correct as of the date submitted. Seller shall pay the premium for the owner's
standard coverage title policy. Buyer shall pay the excess premium attributable to any
extended coverage or endorsements requested by Buyer, and the cost of any survey required
in connection with the same. Seller and Buyer shall each pay one-half of the escrow fees. Any
real estate excise taxes shall be paid by the party who bears primary responsibility for
payment under the applicable statute or code. Real and personal property taxes and
assessments payable in the year of closing; collected rents on any existing tenancies; interest;
utilities; and other operating expenses shall be pro -rated as of Closing. If tenants pay any of
the foregoing expenses directly, then Closing Agent shall only pro rate those expenses paid by
Seller. Buyer shall pay to Seller at Closing an additional sum equal to any utility deposits or
mortgage reserves for assumed financing for which Buyer receives the benefit after Closing.
Buyer shall pay all costs of financing including the premium for the lender's title policy. if the
Property was taxed under a deferred classification prior to Closing, then Seller shall pay all
taxes, interest, penalties, deferred taxes or similar items which result from removal of the
Property from the deferred classification. At Closing, all refundable deposits on tenancies
shall be credited to Buyer or delivered to Buyer for deposit in a trust account if required by
state or local law. Buyer shall pay any sales or use tax applicable to the transfer of personal
property included in the sale.
a. Unpaid Utility Charges. Buyer and Seller _ WAiVE X DO NOT WAIVE (do not waive if
neither box checked) the right to have the Closing Agent disburse closing funds necessary to
satisfy unpaid utility charges affecting the Property pursuant to RCW 60.80. If "do not waive"
is checked, then attach CBA Form UA ("Utility Charges" Addendum) to this Agreement.
9. POST -CLOSING ADJUSTMENTS, COLLECTIONS, AND PAYMENTS. After Closing, Buyer and
Seller shall reconcile the actual amount of revenues or liabilities upon receipt or payment
thereof to the extent those items were prorated or credited at Closing based upon estimates.
Any bills or invoices received by Buyer after Closing which relate to services rendered or goods
delivered to the Seller or the Property prior to Closing shall be paid by Seller upon presentation
of such bill or invoice. At Buyer's option, Buyer may pay such bill or invoice and be reimbursed
the amount paid plus interest at the rate of 12% per annum beginning fifteen (15) days from
the date of Buyer's written demand to Seller for reimbursement until such reimbursement is
made. Notwithstanding the foregoing, if tenants pay certain expenses based on estimates
subject to a post -closing reconciliation to the actual amount of those expenses, then Buyer
shall be entitled to any surplus and shall be liable for any credit resulting from the
reconciliation. Rents collected from each tenant after Closing shall be applied first to rentals
due most recently from such tenant for the period after closing, and the balance shall be
applied for the benefit of Seller for delinquent rentals owed for a period prior to closing. The
amounts applied for the benefit of Seller shall be turned over by Buyer to Seller promptly after
receipt. Seller shall be entitled to pursue any lawful methods of collection of delinquent rents
but shall have no right to evict tenants after Closing.
10. OPERATIONS PRiOR TO CLOSING. Prior to Closing, Seller shall continue to operate the
Property in the ordinary course of its business and maintain the Property in the same or better
condition than as existing on the date of Mutual Acceptance but shall not be required to repair
material damage from casualty except as otherwise provided in this Agreement. After the
Feasibility Period, Seller shall not enter into or modify existing rental agreements or leases
(except that Seller may enter into, modify, extend, renew or terminate residential rental
agreements or residential leases in the ordinary course of its business), service contracts, or
9/29/2022
euye Date..,mroaYeanv.w+ek..mrt4.bnmrourwmmarr>mkw
anean,paPWID yno-
Seller Date— w�-2 ` Mo npnsa�nmk.a.MMa.ur.sto
b sel4Yncy ar Taa m6e W �to•s
DocuSign Envelope ID: 9FA08656-A2E7-4771-B153-D0090BD9F156
Commercial & Investment Real Estate `°""""�' �°'`°'� AU XM
Purchase & Sale Agreement `""�°"nPS'"l�"``°$Sale
Agmwwd l ftftv. S"
other agreements affecting the Property which have terms extending beyond Closing without
first obtaining Buyer's consent, which shall not be unreasonably withheld.
11. POSSESSION. Buyer shall be entitled to possession -X -on closing (on closing, if not
completed). Buyer shall accept possession subject to all tenancies disclosed to Buyer during
the Feasibility Period.
12. SELLER'S REPRESENTATIONS. Except as disclosed to or known by Buyer prior to the
satisfaction or waiver of the feasibility contingency stated in Section 5 above, including in the
books, records and documents made available to Buyer, or in the title report or any
supplemental report or documents referenced therein, Seller represents to Buyer that, to the
best of Seller's actual knowledge, each of the following is true as of the date hereof: (a) Seller
is authorized to enter into the Agreement, to sell the Property, and to perform its obligations
under the Agreement; (b) The books, records, leases, agreements and other items delivered to
Buyer pursuant to this Agreement comprise all material documents in Seller's possession or
control regarding the operation and condition of the Property; (c) Seller has not received any
written notices that the Property or the business conducted thereon violate any applicable
laws, regulations, codes and ordinances; (d) Seller has all certificates of occupancy, permits,
and other governmental consents necessary to own and operate the Property for its current
use; (e) There is no pending or threatened litigation which would adversely affect the Property
or Buyer's ownership thereof after Closing; (f) There is no pending or threatened
condemnation or similar proceedings affecting the Property, and the Property is not within the
boundaries of any planned or authorized local improvement district; [g) Seller has paid (except
to the extent prorated at Closing) all local, state and federal taxes [other than real and
personal property taxes and assessments described in Section 8 above) attributable to the
period prior to closing which, if not paid, could constitute a lien on Property (including any
personal property), or for which Buyer may be held liable after Closing; (h) Seller is not aware
of any concealed material defects in the Property except as disclosed to Buyer in writing
during the Feasibility Period; (i) There are no Hazardous Substances (as defined below)
currently located in, on, or under the Property in a manner or quantity that presently violates
any Environmental Law (as defined below); there are no underground storage tanks located on
the Property; and there is no pending or threatened investigation or remedial action by any
governmental agency regarding the release of Hazardous Substances or the violation of
Environmental Law at the Property. As used herein, the term "Hazardous Substances" shall
mean any substance or material now or hereafter defined or regulated as a hazardous
substance, hazardous waste, toxic substance, pollutant, or contaminant under any federal,
state, or local law, regulation, or ordinance governing any substance that could cause actual or
suspected harm to human health or the environment ("Environmental Law"). The term
"Hazardous Substances" specifically includes, but is not limited to, petroleum, petroleum by-
products, and asbestos. If prior to Closing Seller or Buyer discovers any information which
would cause any of the representations above to be false if the same were deemed made as
of the date of such discovery, then the party discovering the same shall promptly notify the
other party in writing. If the newly -discovered information will result in costs or liability to
Buyer in excess of the lesser of $100,000 or five percent (5%) of the purchase price stated in
this Agreement, or will materially adversely affect Buyer's intended use of the Property, then
Buyer shall have the right to terminate the Agreement and receive a refund of its earnest
money. Buyer shall give notice of termination within five (5) days of discovering or receiving
written notice of the new information. Nothing in this paragraph shall prevent Buyer from
pursuing its remedies against Seller if Seller had actual knowledge of the newly -discovered
information such that a representation provided for above was false.
13. AS -IS. Except for those representations and warranties specifically included in this
Agreement: (i) Seller makes no representations or warranties regarding the Property; (ii) Seller
hereby disclaims, and Buyer hereby waives, any and all representations or warranties of any
kind, express or implied, concerning the Property or any portion thereof, as to its condition,
value, compliance with laws, status of permits or approvals, existence or absence of
hazardous material on site, occupancy rate or any other matter of similar or dissimilar nature
9/29/2022
Buyer oats _rbhobm„rw.mae....,"mm,"-UMMft—MW
.M -PW -M paw Dosoft.
W
Seller Date �t. e
DocuSign Envelope ID: 9FA08656-A2E7-4771-8153-D0090BD9F156
corwerdal &ok=AwodetlW 2M
�'�/ Commercial & Investment Real Estate ALL
,*Pa2e 6"3
SVN Purchase & Sale Agreement �AF0rt" SAI ° �1BAarea�n�c
11(0 .1
relating in any way to the Property, including the warranties of fitness for a particular purpose,
tenantability, habitability and use; (iii) Buyer otherwise takes the Property "AS IS;" and [iv)
Buyer represents and warrants to Seller that Buyer has sufficient experience and expertise
such that it is reasonable for Buyer to rely on its own pre-closing inspections and
investigations.
14. PERSONAL PROPERTY.
a. This sale includes all right, title and interest of Seller to the following tangible personal
property: _X__ None _ That portion of the personal property located on and used in
connection with the Property, which Seller will itemize in an Exhibit to be attached to this
Agreement within ten [10) days of Mutual Acceptance (None, if not completed). The value
assigned to the personal property shall be $ Q (if not completed, the County -assessed value if
available, and if not available, the fair market value determined by an appraiser selected by
the Listing Broker and Selling Broker). Seller warrants title to, but not the condition of, the
personal property and shall convey it by bill of sale.
b. In addition to the leases and Vendor Contracts assumed by Buyer pursuant to Section 5[a)
above, this sale includes all right, title and interest of Seller to the following intangible
property now or hereafter existing with respect to the Property including without limitation:
all rights-of-way, rights of ingress or egress or other interests in, on, or to, any land, highway,
street, road, or avenue, open or proposed, in, on, or across, in front of, abutting or adjoining
the Property; all rights to utilities serving the Property; all drawings, plans, specifications and
other architectural or engineering work product; all governmental permits, certificates,
licenses, authorizations and approvals; all rights, claims, causes of action, and warranties
under contracts with contractors, engineers, architects, consultants or other parties
associated with the Property; all utility, security and other deposits and reserve accounts
made as security for the fulfillment of any of Seller's obligations; any name of or telephone
numbers for the Property and related trademarks, service marks or trade dress; and
guaranties, warranties or other assurances of performance received.
15. CONDEMNATION AND CASUALTY. Seller bears all risk of loss until Closing, and thereafter
Buyer shall bear the risk of loss. Buyer may terminate this Agreement and obtain a refund of
the earnest money if improvements on the Property are destroyed or materially damaged by
casualty before Closing, or if condemnation proceedings are commenced against all or a
portion of the Property before Closing. Damage will be considered material if the cost of
repair exceeds the lesser of $100,000 or five percent [5%) of the purchase price stated in this
Agreement. Alternatively, Buyer may elect to proceed with closing, in which case, at Closing,
Seller shall assign to Buyer all claims and right to proceeds under any property insurance
policy and shall credit to Buyer at Closing the amount of any deductible provided for in the
policy.
16. FIRPTA - TAX WITHHOLDING AT CLOSING. Closing Agent is instructed to prepare a
certification [CBA or NWMLS Form 22E, or equivalent) that Seller is not a "foreign person"
within the meaning of the Foreign Investment in Real Property Tax Act, and Seller shall sign it
on or before Closing. If Seller is a foreign person, and this transaction is not otherwise exempt
from FIRPTA, Closing Agent is instructed to withhold and pay the required amount to the
Internal Revenue Service.
/CONVEY NGE Title
shall hw r [1.. .i i._+_i+' `rel.. t
1-� . . .x}a�et�i3c.i.�t .av+r �[.rT to the
r
Real Estate Gentfaet, the StatuteFy Warranty Deed shall inelude a eentraet vend
tbT
18. NOTICES AND COMPUTATION OF TIME. Unless otherwise specified, any notice required or
permitted in, or related to, this Agreement (including revocations of offers and counteroffers)
must be in writing. Notices to Seller must be signed by at least one Buyer and must be
delivered to Seller and Listing Broker with a courtesy copy to any other party identified as a
r/ 9/29/2022
BuyerDate _ T».aab...Rooseau au am mr ammerm�rw ,�,�/
.m.WPP*VW l L
Seller Date ✓1 x.gr.aataawb.rd.brYoaw.wb
t..MdWgg twrn"qnmm
DocuSign Envelope ID: 9FA08656-A2E7-4771-8153-D0090BD9F156
Commercial & Investment Real Estate `°""'"�°' , 2W
kSVN Purchase & Sale Agreement CeAFor"'"S'"'�"""°�a "8' "" mm3
recipient of notices in Section 28. A notice to Seller shall be deemed delivered only when
received by Seller, Listing Broker, or the licensed office of Listing Broker. Notices to Buyer must
be signed by at least one Seller and must be delivered to Buyer, with a copy to Selling Broker
and with a courtesy copy to any other party identified as a recipient of notices in Section 28. A
notice to Buyer shall be deemed delivered only when received by Buyer, Selling Broker, or the
licensed office of Selling Broker. Selling Broker and Listing Broker have no responsibility to
advise of receipt of a notice beyond either phoning the represented party or causing a copy of
the notice to be delivered to the party's address provided in this Agreement. Buyer and Seller
shall keep Selling Broker and Listing Broker advised of their whereabouts in order to receive
prompt notification of receipt of a notice. If any party is not represented by a licensee, then
notices must be delivered to and shall be effective when received by that party at the address,
fax number, or email indicated in Section 28.
Unless otherwise specified in this Agreement, any period of time in this Agreement shall mean
Pacific Time and shall begin the day after the event starting the period and shall expire at 5:00
p.m. of the last calendar day of the specified period of time, unless the last day is a Saturday,
Sunday or legal holiday as defined in RCW 1.16.050, in which case the specified period of time
shall expire on the next day that is not a Saturday, Sunday or legal holiday. Any specified
period of five (5) days or less shall not include Saturdays, Sundays or legal holidays.
Notwithstanding the foregoing, references to specific dates or times or number of hours shall
mean those dates, times or number of hours; provided, however, that if the Closing Date falls
on a Saturday, Sunday, or legal holiday as defined in RCW 1.16.050, or a date when the county
recording office is closed, then the Closing Date shall be the next regular business day.
19. AGENCY DISCLOSURE. At the signing of this Agreement,
Selling Broker Rob Ellsworth SVN I Retter & Company
represented ieuM
and the Listing Broker N-` ""''
represented Seller
Selling Firm, Selling Firm's Designated Broker, Selling Broker's Branch Manager (if any) and
Selling Broker's Managing Broker (if any) represent the same party that Selling Broker
represents. Listing Firm, Listing Firm's Designated Broker, Listing Broker's Branch Manager (if
any), and Listing Broker's Managing Broker (if any) represent the same party that the Listing
Broker represents. If Selling Broker and Listing Broker are different persons affiliated with the
same Firm, then both Buyer and Seller confirm their consent to the Brokers' Designated Broker,
Branch Manager (if any), and Managing Broker (if any) representing both parties as a dual
agent. If Selling Broker and Listing Broker are the same person representing both parties, then
both Buyer and Seller confirm their consent to that person and his/her Designated Broker,
Branch Manager [if any], and Managing Broker (if any) representing both parties as dual
agents. All parties acknowledge receipt of the pamphlet entitled 'The Law of Real Estate
Agency."
20.ASSIGNMENT. Buyer X may _ may not (may not, if not completed) assign this Agreement,
or Buyer's rights hereunder, without Seller's prior written consent, unless provided otherwise
herein. If the "may not" option is selected and the words "and/or assigns" or similar words are
used to identify the Buyer, then this Agreement may be assigned with notice to Seller but
without Seller's consent only to an entity which is controlled by or under common control with
the Buyer identified in this Agreement. Any other assignment requires Seller's consent. The
party identified as the initial Buyer shall remain responsible for those obligations of Buyer
stated in this Agreement notwithstanding any assignment and, if this Agreement provides for
Seller to finance a portion of the purchase price, then the party identified as the initial Buyer
shall guarantee payment of the Seller financing.
21. DEFAULT AND ATTORNEY'S FEE.
a. Buyer's default. In the event Buyer fails, without legal excuse, to complete the purchase
of the Property, then (check one):
X --Seller may terminate this Agreement and keep the earnest money as liquidated damages
as the sole and exclusive remedy available to Seller for such failure; or
��.�� 9/29/2022
pp
•^•)a� Dale—_.�..�,. P* bs berm n.� b. iIDnYvbn DD,-ttw"ftr kw
.na .oawr vrrwstrr o
'�'_ wnpasrwton�n.aeM.em
Setter Date
DocuSign Envelope ID: 9FA08656-A2E7-4771-8153-D0090BD9F156
COm wcW arol®rs AszockWn 2M
Commercial & Investment Real Estate �����I�AU ROM RESERVED
�I
I 1 RM V2M
Purchase & Sale Agreement pow so
Seller may, at its option, (a) terminate this Agreement and keep as liquidated damages the
eamest money as the sole and exclusive remedy available to Seller for such failure, [b) bring
suit against Buyer for Seller's actual damages, (c) bring suit to specifically enforce this
Agreement and recover any incidental damages, or (d) pursue any other rights or remedies
available at law or equity.
b. Seller's default. In the event Seller fails, without legal excuse, to complete the sale of the
Property, then (check one):
X__As Buyer's sole remedy, Buyer may either (a) terminate this Agreement and recover all
earnest money or fees paid by Buyer whether or not the same are identified as refundable or
applicable to the purchase price; or [b) bring suit to specifically enforce this Agreement and
recover incidental damages, provided, however, Buyer must file suit within sixty (60) days
from the scheduled date of closing or from the date Seller has informed Buyer in writing that
Seller will not proceed with closing, whichever is earlier; or
_Buyer may, at its option, (a) bring suit against Seller for Buyer's actual damages, (b) bring
suit to specifically enforce this Agreement and recover any incidental damages, or (c) pursue
any other rights or remedies available at law or equity.
Neither Buyer nor Seller may recover consequential damages such as lost profits. If Buyer or
Seller institutes suit against the other concerning this Agreement, the prevailing party is
entitled to reasonable attorneys' fees and expenses. In the event of trial, the amount of the
attorney's fee shall be fixed by the court. The venue of any suit shall be the county in which
the Property is located, and this Agreement shall be governed by the laws of the state where
the Property is located.
22. MISCELLANEOUS PROVISIONS.
a. Complete Agreement. This Agreement and any addenda and exhibits thereto state the
entire understanding of Buyer and Seller regarding the sale of the Property. There are no
verbal or other written agreements which modify or affect the Agreement.
b. Counterpart Signatures. This Agreement may be signed in counterpart, each signed
counterpart shall be deemed an original, and all counterparts together shall constitute one
and the same agreement.
c. Electronic Delivery. Electronic delivery of documents (e.g., transmission by facsimile or
email) including signed offers or counteroffers and notices shall be legally sufficient to bind
the party the same as delivery of an original. At the request of either party, or the Closing
Agent, the parties will replace electronically delivered offers or counteroffers with original
documents.
d. Section 1031 Like -Kind Exchange. If either Buyer or Seller intends for this transaction to
be a part of a Section 1031 like -kind exchange, then the other party agrees to cooperate in the
completion of the like -kind exchange so long as the cooperating party incurs no additional
liability in doing so, and so long as any expenses [including attorneys fees and costs) incurred
by the cooperating party that are related only to the exchange are paid or reimbursed to the
cooperating party at or prior to Closing. Notwithstanding Section 20 above, any party
completing a Section 1031 like -kind exchange may assign this Agreement to its qualified
intermediary or any entity set up for the purposes of completing a reverse exchange.
23.ACCEPTANCE; COUNTEROFFERS. Seller has until midnight of 2042; [if not filled in, the
third business day) following the day Buyer delivers the offer to accept this offer, unless
sooner withdrawn. If this offer is not timely accepted, it shall lapse and the eamest money
shall be refunded to Buyer. If either party makes a future counteroffer, the other party shall
have until 5:00 p.m. on the business day (if not filled in, the second business day)
following receipt to accept the counteroffer, unless sooner withdrawn. If the counteroffer is not
timely accepted or countered, this Agreement shall lapse and the earnest money shall be
refunded to the Buyer. No acceptance, offer or counteroffer from the Buyer is effective until a
signed copy is received by the Seller, the Listing Broker or the licensed office of the Listing
Broker. No acceptance, offer or counteroffer from the Seller is effective until a signed copy is
received by the Buyer, the Selling Broker or the licensed office of the Selling Broker. "Mutual
Agceptance" shall occur when the last counteroffer is signed by the offeree, and the fully -
9/29/2022
etryer 08nrtoo bow P.,v.dt« mwvalw ayrarm-w..
1.
Seller __ Date—!—C�— `.•""�.� .Mlmw Q m (l1DS
rc«tnw�awwuxmNa_a,dKu
DocuSign Envelope ID: 9FA08656-A2E7-4771-8153-D0090BD9F156
M,�i Commercial & Investment Real Estate `"""'"°�°`�1an201
J V 1''t RESERM
nur�c�rs
RETIHIiCOMVMi:'
Purchase & Sale Agreement tenFonn as t41 Pumhaft a sate ayreernerrt I � �
signed counteroffer has been received by the offeror, his or her broker, or the licensed office of
the broker. If any party is not represented by a broker, then notices must be delivered to and
shall be effective when received by that party.
24.INFORMATION TRANSFER. In the event this Agreement is terminated, Buyer agrees to deliver
to Seller within ten [10) days of Seller's written request copies of all materials received from
Seller and any non -privileged plans, studies, reports, inspections, appraisals, surveys,
drawings, permits, applications or other development work product relating to the Property in
Buyer's possession or control as of the date this Agreement is terminated.
25.CONFIDENTIAUTY. Until and unless closing has been consummated, Buyer and Seller shall
follow reasonable measures to prevent unnecessary disclosure of information obtained in
connection with the negotiation and performance of this Agreement. Neither party shall use
or knowingly permit the use of any such information in any manner detrimental to the other
party.
26.SELLER'S ACCEPTANCE AND BROKERAGE AGREEMENT. Seller agrees to sell the Property on
the terms and conditions herein, and further agrees to pay a commission in a total amount
computed in accordance with the listing or commission agreement. If there is no written
listing or commission agreement, Seller agrees to pay a commission of Q% of the sales price
or $ . The commission shall be apportioned between Listing Firm and Selling Firm as
specified in the listing or any co -brokerage agreement. If there is no listing or written co -
brokerage agreement, then Listing Firm shall pay to Selling Firm a commission of Q°k of the
sales price or $ . Seller assigns to Listing Firm and Selling Firm a portion of the sales
proceeds equal to the commission. if the earnest money is retained as liquidated damages,
any costs advanced or committed by Listing Firm or Selling Firm for Buyer or Seller shall be
reimbursed or paid therefrom, and the balance shall be paid one-half to Seller and one-half to
Listing Firm and Selling Firm according to the listing agreement and any co -brokerage
agreement. In any action by Listing Firm or Selling Firm to enforce this Section, the prevailing
party is entitled to reasonable attorneys' fees and expenses. Neither Listing Firm nor Selling
Firm are receiving compensation from more than one party to this transaction unless
disclosed on an attached addendum, in which case Buyer and Seller consent to such
compensation. The Property described in attached Exhibit A is commercial real estate.
Notwithstanding Section 25 above, the pages containing this Section, the parties' signatures
and an attachment describing the Property may be recorded.
27. LISTING BROKER AND SELLING BROKER DISCLOSURE. EXCEPT AS OTHERWISE DISCLOSED
IN WRITING TO BUYER OR SELLER, THE SELLING BROKER, LISTING BROKER, AND FIRMS HAVE
NOT MADE ANY REPRESENTATIONS OR WARRANTIES OR CONDUCTED ANY INDEPENDENT
INVESTIGATION CONCERNING THE LEGAL EFFECT OF THIS AGREEMENT, BUYER'S OR SELLER'S
FINANCIAL STRENGTH, BOOKS, RECORDS, REPORTS, STUDIES, OR OPERATING STATEMENTS;
THE CONDITION OF THE PROPERTY OR ITS IMPROVEMENTS; THE FITNESS OF THE PROPERTY
FOR BUYER'S INTENDED USE; OR OTHER MATTERS RELATING TO THE PROPERTY, INCLUDING
WITHOUT LIMITATION, THE PROPERTY'S ZONING, BOUNDARIES, AREA, COMPLIANCE WITH
APPLICABLE LAWS [INCLUDING LAWS REGARDING ACCESSIBILITY FOR DISABLED PERSONS],
OR HAZARDOUS OR TOXIC MATERIALS INCLUDING MOLD OR OTHER ALLERGENS. SELLER AND
BUYER ARE EACH ADVISED TO ENGAGE QUALIFIED EXPERTS TO ASSIST WITH THESE DUE
DILIGENCE AND FEASIBILITY MATTERS, AND ARE FURTHER ADVISED TO SEEK INDEPENDENT
LEGAL AND TAX ADVICE RELATED TO THIS AGREEMENT.
9/29/2022
Buyer_ _ Date __ m.hasnm+v<w.anre�manmwR�w.arr«..�...
aeapp,var prlormaWYg
Seller Date
DocuSign Envelope ID: 9FA08656-A2E7-4771-B153-D0090BD9F156
7�SVN
MER.
Commercial & Investment Real Estate `°""'' max"'
Purchase & Sale Agreement `a" f°"" `'�'"' °""'"" ° �'° `°'�°"'�"` I , XM
28.IDENTIFiCATION OF THE PARTIES. The following is the contact information for the parties
involved in this Agreement:
Contact: Michael Blasdel
Address: 2001 E. Foster Wells Road
Pasco. WA 99301
Phone•• 5061.949.4602-
Email- 8i-W'5D6L- AW C+ AtTfA; . N6r
Name: SVN I R
Listing Broker:
Address: 329
Name: Same
Selling Broker.
Address:
Phone:
Email:,
9/29/2022
11Y Date.` n.snaac�a. ra. mw+aecm.rm•re.w
Seller Date__�e_L
DocuSign Envelope ID: 9FA08656-A2E7-4771-B153-D0090BD9F156
Coaermrdai Muims AssockrUM 2M
Commercial & Investment Real Estate ceA wr<a PS -1A i a sab ALL MK
Rev V2(M
Purchase & Sale Agreement pap
IN WITNESS WHEREOF, the parties have signed this Agreement intending to be bound.
Buyer 04 of Pasco
Printed name and type of entity
DOCUSIQned by-
Signawre and Title
9/29/2022
Date ----
Buyer
Printed name and type of entity
Signawm arta Tide
Date
Seller Michael Blasiel
Pring name and type of a ty
Signature and Title
Date i `% —,2-
Seller _- _ -
Printed name and type of errtlty
Date --- -
(qz 9/29/2022
Buy�r�— Daternsinseeenv.w�b�•aa,irsbnoowurmcoa«yrm.raaw
1bflp�ildetkn lertldebY 840a a m
Seller Data '-�2,? rs�na.a>lrwiaeawa$
Signature and Tide
DocuSign Envelope ID: 9FA08656-A2E7-4771-8153-D0090BD9F156
�, Commercial & Investment Real Estate `° °'"°' 2ED
&SVN Purchase & sale Agreement CBA Form PS-1AIFludwe&Sale ,' „ Rev V200
I
.,a,.. .
EXHIBIT A
[Legal Description]
Franklin County Tax Parcel #: 551821395 & 700017105
Legally Described As:
NONE
ALL FR. 3-9-30, EXC EASE TO FR CO OVER N3O' & W 30' FOR RD (353523) FOR RD (353523)
(for real property)
* To ensure accuracy in the legal description, consider substituting the legal description contained in the preliminary
commitment for title insurance or a copy of the Property's last vesting deed for this page. Do not neglect to label the
substitution "Exhibit A." You should avoid transcribing the legal description because any error in transcription may
render the legal description inaccurate and this Agreement unenforceable.
EXHIBIT B
[Additional Terms]
9/29/2022
Date ,n�sh..m. va.aw m,a..eem»rre.�.a. M/
Sellermawa� b
DocuSign Envelope ID: 9FA08656-A2E7-4771-8153-D0090BD9F156
1 � mercial & Investment Real Estate `"""°"'�' "ffi°GKM McOM
J.1,dWon 1
Com
J • Purchase & Sale Agreement `M Form �'" I'' "� I
wrmp a C01
This contract is for the improvements only on said parcels. No value given to real estate.
Closing Is subject to City Council Approval
The Seller notes that there was an underground fuel tank on the property, of which the
Seller never used. The tank was left on the property by the previous Seller. The Buyer
shall hold the Seller harmless on any environmental damage from the tank
Leasehold interest are being said, building Improvements owned by Seller including
dwelling and shop. Buyer owns the real estate the improvements are located at
The county parcel number for the dwelling Is 700.01171M for the shop Is 551.821395. All
improvements sit on parcel number 'H3.080.014.
Seller's Representations In Paragraph 12 are limited to the Improvements only as Buyer
owns the property.
Conveyance should be via Quit Claim peed or Title Transfer.
9/29/2022
Dace
Seller Dace '� rnu: ism