HomeMy WebLinkAbout2016-2756.13jkjjjjUAfts -7
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This Cancellation of Purchase and Redevelopment Agreement entered into this 21
day of July, 2016, by and between Columbia Heights Economic Development Authority, a
public body corporate and politic under the laws of the State of Minnesota ("EDA") and
Tollberg Hones, LLC, a Minnesota limited liability company ("Tollberg").
WHEREAS, EDA and Tollberg entered into a Purchase and Redevelopment
Agreement, dated January 4, 2016 (the "Purchase Agreement") regarding the real property
legally described as Lot Thirteen (13), except the North Half (NV2), the North Thirty Feet
N30') of Lot Fourteen (14), Block Two (2), Sheffield's Second Subdivision, Anoka
County, Minnesota, commonly referred to as 4606 Polk Street NE, Columbia Heights, VIN
the "Property");
WHEREAS, EDA and Tollberg desire to ten-ninate the Purchase Agreement.
NOW, THEREFORE, in consideration of the mutual covenants contained herein
and other good and valuable consideration, EDA and Tollberg hereby agree as follows:
I. Tollberg represents and warrants to EDA that Tollberg has not assigned,
transferred, or conveyed its interest in the Purchase Agreement or any interest in the
Property.
2. Tollberg acknowledges reimbursement of its $2,000.00 Earnest Money paid
pursuant to the Purchase Agreement.
3. The Purchase Agreement is hereby cancelled, terminated and null and void
and neither party shall have any further rights or obligations thereunder. Tollberg, hereby
acknowledges that it has no interest in the Property.
IN WITNESS WHEREOF the undersigned have executed this instrument the day
and date first above written.
ECONOMIC DEN
AUTHORS TlY OF
Its President
By...
Its Executive Director
482854vI CBR CL205-56
TOLLBERG,LLC
CRYSTAL
By
Its President and ChiefManager