Laserfiche WebLink
<br />2. The Transferee hereby agrees to assume all Developer's <br />obligations under the Agreement and the Amendment to Contract and <br />that the Transferee's obligations under the Agreement and <br />Amendment to Contract shall remain in full force and effect and <br />shall be binding upon the Transferee or any successor until the <br />Termination date as defined in this Agreement. <br /> <br />3. Paragraph three of the Amendment to Contract is <br />superseded as follows: A new promissory note (the "Note") in the <br />amount of $150,000 attached as Exhibit A shall be executed by the <br />Transferee. The Note attached as Exhibit A to the Amendment to <br />the Contract is hereby terminated. No interest has accrued or is <br />owing on the Note from January 24, 1986. <br /> <br />4. Paragraph seven to the Amendment to Contract is hereby <br />amended by deleting the date of December 31, 1995 and <br />substituting December 31, 2012. <br /> <br />5. The City and the Developer hereby agree that Section 3 <br />of the Assessment Agreement attached as Exhibit B to the <br />Amendment to Contract is hereby deleted and the following <br />substituted in its place: <br /> <br />3. The minimum market values herein established shall <br />be of no further force and effect and this <br />Agreement shall terminate on December 31, 2012. <br /> <br />IN WITNESS WHEREOF, the City has caused this Second <br />Amendment to Contract to be duly executed in its name and behalf <br />and its seal to be hereunto affixed and the Developer has caused <br />this Second Amendment to Contract to be executed in its name and <br />behalf on or as of the date first above written. <br />