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TRANSMITTAL2Harbor Department Agreement City of Los AngelesFIRST AMENDMENT TO AGREEMENT NO. 102903 BETWEEN THE CITY OF LOS ANGELES MICROSOFT CORPORATION., THIS FIRST AMENDMENT to Agreement No. 102903

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How to fill out amendment to development agreement

01

Start by reviewing the original development agreement to understand the terms and clauses that need to be amended.

02

Identify the specific changes or additions that need to be made to the agreement.

03

Prepare a draft of the amendment, clearly stating the sections or paragraphs that are being modified.

04

Include a rationale or explanation for the proposed amendment.

05

Share the draft amendment with all involved parties, including the other party or parties to the original agreement.

06

Allow for sufficient time for all parties to review and provide feedback on the proposed amendment.

07

Schedule a meeting or negotiation session to discuss the amendment and address any concerns or questions.

08

Revise the amendment based on the feedback and agreements reached during the negotiation process.

09

Obtain legal review and advice if necessary to ensure the amendment is legally enforceable.

10

Once all parties agree on the final version of the amendment, sign and execute it, following the same procedures as the original development agreement.

11

Store the executed amendment with the original agreement for future reference and compliance purposes.

Who needs amendment to development agreement?

01

Anyone who is a party to a development agreement may need an amendment to the agreement.

02

This includes developers, landowners, government entities, and any other parties involved in a development project.

03

Typically, when there is a need to modify or update the terms of the original agreement, an amendment becomes necessary.

04

This could be due to changes in project scope, timeline, financial arrangements, or other factors that may impact the development agreement.

05

It is important for all parties to agree on the need for an amendment and work together to ensure its proper implementation.

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