TIMES PUBLISHING COMPANY (4)SECOND AMENDMENT TO C�NTRACT FOR PURCHASE
OF REAL PROPERTY
BY
THE CITY OF CLEARWATER, FLORIDA
This AMENDMENT to that certain CONTRACT FOR PURCHASE OF REAL PROPERTY BY
THE CITY OF CLEARWATER ("Agreement"), is made and entered inta this � day of October,
2011, by and between TIMES PUBLISHING COMPANY, a Flarida corporatian, having its principal
place of business at 490 First Avenue South, St. Petersburg, Florida 33701, (herein "Seller" or "Times")
and the CITY OF CL.EARWATER, FLORIDA, a Florida municipality, 112 South Osceola Avenue,
Clearwater, �lorida 33756 (herein "Buyer' or "City"), (collectively "Parties").
WITNESSETH:
WHEREAS, the Parti�s have heretofore entered into the Agreement for the sale and purchase
of real property as described therein, having been previously amended to extend the Buyer Right of
Inspection to October 3, 20� 1 and Closing Date to October 18, 2011; and
WHEREAS, circumstances revealed in the course of Buye�s Inspection warrant an additional
extension for Buyer to complete its due diligence, for the Parties to negotiate applicable modifications to
the Agreement based on Buye�'s findings, and to adjust the Closing Date, as necessary; and
WHEREAS, the Parties mutually agree to extend the Buye�s Right of Inspection to October 24,
�D11 and the Clasing Date to occur on or before Navember 8, 2011; and
NOW THEREFORE, in consideration of the faregoing and the mutual covenants contained
hereinafter, IT IS AGREED AS FOLLQWS:
1. RECITALS. The foregaing recitals are true and correct and are incorporated herein by
reference.
2. CLOSING DATE: This transaction shaN close on or before November 8, 2011. Buyer agrees to
make a goad faith effort to close as soon as possible after its investigation and due diligence has
concluded.
3. PROPERTY CONDITIQN/BUYER RIGHT �F INSPECTION: The Buye�'s Right of Inspection is
hereby extended for a period of twenty-ane (21) days, and therefore shall expire at close of busin�ss an
October 24, 2011.
4. BUSINESS LEASE CONTRACT ADDENDUM Para ra h 30 is hereby amended to add the
following to the end of the paragraph. "In accardance with the Buyer's due diligence findings, the Lease
shall be amended subsequent to the execution of this Agreement to include generally; Buyer's Right of
Entry to pursue remediation of environmental conditions during Sellers tenancy, and a release by
Seller (covering the period of its tenancy) for any and all claims related to or resulting from
environmental conditions existing, whether knawn or discavered after the Closing Date ("Lease
Amendments"). The Lease Amendments are a material inducement for the Buyer to enter into this
Agreement.
Page 1 of 2
5. All terms and oonditions of the Agreement shall remain in full force and effect unless expressly
amended herein.
Signatories: Amendment to Contract F�r Purchase of Real Property by City of Cleatwater
RE: Pinellas County Parcel I.D. 15-29-15-54450-011-003� and
Pinellas County Parcel I.D. 15-29-15-54450-008-QQ40 and 0060
`�" -�a mbfti
EXECIlTED this 30 day of , 2U11 by Seller.
TIMES PUBLISHING COMPANY
By: . 8r�E3-' +� A � � C. iAs �1
�
�btiee�P�esiden� & CEO
(�.l1G�rn'14 �
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:� �. +� � �. r
APPROVED BY BUYER 8� EFFECTIVE this ,3 day of „ CSGf��-� _, 2011.
Countersigned:
��
Frank V. Hibbard
Mayar
Approved as to farm:
��
Laura Lipawski Mahony
Assistant City Attomey
CITY OF CLEARWATER, FLORIDA
By: � Y=
William B. Hom , II
City Manager�
Attest:
��
Rosemarie Call
City Clerk
Page 2 of 2
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