HomeMy WebLinkAboutPublic Works Trust Fund PW-5-95-791-026 Amend 1AMENDMENT NUMBER 1
PUBLIC WORKS TRUST FUND LOAN AGREEMENT NUMBER
PW -5-95-791-026
BETWEEN
THE DEPARTMENT OF COMMUNITY, TRADE AND ECONOMIC DEVELOPMENT
AND
CITY OF PASCO
The purpose of this amendment is to extend the project completion date of the Public Works
Trust Fund Loan Agreement Number PW -5-95-791-026 from December 14, 1997, to a new
ending date of December 14, 1999.
This amendment was approved by the Public Works Board on December 1, 1998. The Board
found the extension was necessary for the following reason: the city engineer left city
employment.
The Washington State Department of Community Trade and Economic Development
(hereinafter referred to as the DEPARTMENT) and the City of Pasco (hereinafter referred to as
the LOCAL GOVERNMENT) agree to amend the Public Works Trust Fund Loan Agreement
Number PW -5-95-791-026 as described below.
Section 4.05 Time of Performance is amended to read as follows:
The LOCAL GOVERNMENT shall begin the activities identified within ATTACHMENT I:
SCOPE OF WORK no later than three (3) months after the date of loan agreement execution and
reach project completion no later than December 14, 1999.
Failure to perform within the time frame described in the preceding paragraph may constitute
default of this agreement and require the immediate repayment of any loan funds disbursed. In
the event of extenuating circumstances, the LOCAL GOVERNMENT may request, in writing,
that the BOARD extend the deadline for project completion. The BOARD may, by a two-thirds
vote, extend the deadline.
This agreement shall be in place during the entire term of the loan regardless of the time of
actual project completion.
A copy of this amendment, consisting of two (2) pages, shall be attached to and incorporated into
the original agreement between the DEPARTMENT and the LOCAL GOVERNMENT. Any
reference in such agreement to the "agreement' shall mean "agreement as amended." All other
items and conditions of the original loan agreement or prior amendments shall remain in full
force and effect.
Page 1 of 2
IN WITNESS THEREOF, the DEPARTMENT and the LOCAL GOVERNMENT have executed
this amendment as of the date and year last written below.
DEPARTMENT OF COMMUNITY,
TRADE AND ECONOMIC
DEVELOPMENT
Steve Wells
Director, Local Government Division
Title
Z
Date
APPROVED AS TO FORM BY
ATTORNEY GENERAL
Signature on File
Suzanne Shaw
Assistant Attorney General
January 6, 1997
Date
Page 2 of 2
LOCAL GOVERNMENT
Name
I'1'�G leb�
Title
i' e G
Date