HomeMy WebLinkAboutEDA RES 2015-02993@�. rM
A Resolution Amending Addendum B of Listing Agreement for Scattered Site Housing Program
WHEREAS, The Authority administers a scattered site housing program,, Linder which the Authority acquires
residential property for resale to builders or individuals for construction, of new single family homes, and;
WHEREAS, The Authority entered into an Exclusive Right to Sell Listing Contract with Team Pete & John -
ReMax Synergy dated May 20, 2013, and;
WHEREAS, Addendum B of the Exclusive Right to Sell Listing Contract requires that the Buyer pay the
Seller 15% of any amount over and above, a listing price of $160,000, and',
WHEREAS, increasing the price of the lots has impacted their ability to sell, and;
WHEREAS, the Scattered Site Housing Program will be in place until May 20, 2015, at which time the
Economic Development Authority (EDA) may further amend the terms and conditions of the program.
The City of Columbia Heights' Economic Development authorizes the following:
Amend Addendum, B of Exclusive Right to Sell Listing Contract with Team Pete & John —
ReMax Synergy dated May 20, 2013, as provided in the attached material.
Passed this 5 Ih day of January 2015,
Roll Call: A11 ayes
Offered by: H e r i n g e r
Seconded: Schmitt
Walter Fehst, Executive Director
President