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Richland council approves amendment extending due‑diligence period for Washington Energy land option
Summary
The Richland City Council on Feb. 3 approved a first amendment extending the due‑diligence/closing date for an option agreement with Washington Energy LLC. Councilmembers voted unanimously to allow additional site work and survey activity; staff said payment terms remain unchanged.
The Richland City Council voted unanimously Feb. 3 to approve a first amendment to an option agreement with Washington Energy LLC that extends the buyer’s due‑diligence and closing window.
The amendment was described by a city staff member and a representative of Washington Energy as a targeted change that moves the closing date to allow the buyer additional time for site surveying and due diligence. “This amendment does not affect the payment schedule,” the company representative said, noting a $50,000 payment is currently held in escrow as the first of two option…
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