Addendum no 3 to Hillsdale Park Transfer agreement regarding taxes and recording date 08 31 18ADDENDUM NO.3 TO
AGREEMENT TO TRANSFER REAL PROPERTY
(HILLSDALE PARK)
THIS ADDENDUM TO THE ABOVE -CAPTIONED AGREEMENT is entered into this
31St day of August, 2018 by and between the City of Meridian, a municipal corporation
organized, existing and authorized under Chapter 1, Title 50, Idaho Code ("City" or "Grantee")
and the Young Men's Christian Association of Boise City, an Idaho Nonprofit Corporation, dba
Treasure Valley Family YMCA. ("YMCA" or "Grantor").
RECITALS
A. On the 13th day of December, 2016, City and YMCA entered into an Agreement
to Transfer Real Property ("Agreement").
B. The Agreement provides that the YMCA will pay prorated real property taxes
("taxes") prior to closing.
C. The amount of taxes due are unknown at this time, and the Parties desire to move
forward to Closing upon making arrangements for payment of the taxes when the amount
due becomes known.
D. All other contingencies, commitments, and obligations in the Agreement have
been satisfied and the parties desire to record the Grant Deed on August 31, 2018.
NOW, THEREFORE, in consideration of foregoing recitals, which are made a part of
this Addendum and not mere recitals, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Agreement shall be modified in the
following particulars:
Section 1.10 of the Agreement shall he amended as follows:
1.10 Prorated Taxes. Taxes assessed by Ada County on the Real Property, if any, shall be
prorated and paid by Grantor for the period prior to Closing as of the last assessments. available
be€ere-G—lesiflg. YMCA agrees to pay to the Ada County Assessor all applicable Rroperty taxes
on the Real Property through the date of Closing at such time as the amount due can be
determined, but no later than September 30, 2018,
ALL OTHER TERMS OF THE AGREEMENT SHALL REMAIN THE SAME.
Each party hereto represents and warrants that each person executing this ADDENDUM
No. 3 on behalf of such party is, at the time of such execution, duly authorized to do, and is fully
vested with the authority to bind such party in all respects.
EXECUTED and effective as of the date first above written.
Treasure Valley Family YMCA: City of Meridian:
David Duro, President
Tammy de Weerd, Mayor
ADDENDUM NO.3 TO
AGREEMENT TO TRANSFER REAL PROPERTY
(HILLSDALE PARK)
THIS ADDENDUM TO THE ABOVE -CAPTIONED AGREEMENT is entered into this
31" day of August, 2018 by and between the City of Meridian, a municipal corporation
organized, existing and authorized under Chapter 1, Title 50, Idaho Code ("City" or "Grantee")
and the Young Men's Christian Association of Boise City, an Idaho Nonprofit Corporation, dba
Treasure Valley Family YMCA. ("YMCA" or "Grantor").
RECITALS
A. On the I3th day of December, 2016, City and YMCA entered into an Agreement
to Transfer Real Property ("Agreement").
B. The Agreement provides that the YMCA will pay prorated real property taxes
("taxes") prior to closing.
C. The amount of taxes due are unknown at this time, and the Parties desire to move
forward to Closing upon making arrangements for payment of the taxes when the amount
due becomes known.
D. All other contingencies, commitments, and obligations in the Agreement have
been satisfied and the parties desire to record the Grant Deed on August 31, 2018.
NOW, THEREFORE, in consideration of foregoing recitals, which are made a part of
this Addendum and not mere recitals, and for other good and valuable consideration, the receipt
and sufficiency of which are hereby acknowledged, the Agreement shall be modified in the
following particulars:
Section 1.10 of the Agreement shall be amended as follows:
1.10 Prorated Taxes. Taxes assessed by Ada County on the Real Property, if any, shall be
prorated and paid by Grantor for the period prior to Closing as of the last assessments. Mailable
be . YMCA agrees to pay to the Ada County Assessor all applicable property taxes
on the Real Property through the date of Closing at such time as the amount due can be
determined, but no later than September 30, 2018
ALL OTHER TERMS OF THE AGREEMENT SHALL REMAIN THE SAME.
Each party hereto represents and warrants that each person executing this ADDENDUM
No. 3 on behalf of such party is, at the time of such execution, duly authorized to do, and is fully
vested with the authority to bind such party in all respects.
EXECUTED and effective as of the date first above written.
Treasure Valley Family YMCA: City of Meridian:
David Duro, President Tammy e e , - r__,