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HomeMy WebLinkAbout2017-2833.02IN. mi ami me MI.AM, T111RD AMENDMEATTO PURCHASE AGREEMENT This Third Aineridn'ient to Purchase Agreenicrit ( "Amendment ") is made this 6 day of February, 201.7 by and between Anoka County COMMUI-lity Action Program, Inc., a Minnesota nonprofit corporation (the "Seller"} and the Columbia Heights Economic Development Authority, a Minnesota public body corporate and politic (the "Buyer"). WHEI EAS, the Seller and the Buyer entered into that certain Purchase Agreement dated as of May 26, 2016 (the -Agreenient") providing for the conveyance by the Seller to the Buyer of certain property at 4641/4643 Polk Street located in the City of Columbia Heights, Anoka Comity, Mirmesota and legally described as follows: That part of Lot 23 lying north of the South 20 feet of the SID Lot 21) and Lot 24, Block 1, Sheffields 2"" Subdivision, County of Anoka, State of Minnesota the "Property"); and WHEREAS, on August ')1, 2016, the parties entered into the First Amendment to Purchase Agreement in order to extend the closing date to October 31, 2016 (the "First An-iendment"), and Wr'IEREAS, on October 28, 2016, the parties entered into the Second Amendment to Purchase "kgi'ee1I'1cI1t ILI order to extend the closing date to December 30, 2016 (the, "Second Am,cmdrricnt"); and WHEREAS, due to unanticipated delays, the parties have deter.mined to further extend the deadline for closing on the conveyance of the Property. NOW, THEREFORE, In consideration of the premises and the mutual obligations of the parties hereto, each of them does hereby covenant and aoree with the other as follo%vs: C I Arnendi-nerit to t-lga oqt o th A irent, Paragraph 7 of the Agreement isferegiment iniended as foilows: CLOSING DA,rrA,. The closing of the sale of the Property shall take place on or before March 31, 2017 unless otherwise mutually agreed by the parties. 'Flic closing shall take place at Columbia1 Heights City Hall, located at: 590 40"1' Aventie NE in Columbia Heights, Minnesota or such other location as mutually agrecd upon by the parties. I Miscellaneous. Except as amended by this Amendment, the Agreement shall remain in R1111 force and effect. Remainder of this page intentionally left blank) 493643y] SJSCL205-62 IN WITNESS WHEREOF, the parties have executed this Third Amendillent to Purchase Agreement as of the date written above. SEIA,ER ANOK'A COUNTV COMMUNITY ACTION PROGRAM, INC. By: its: —PAtrick -McFarland Executive Director BUYER COLUMBIA DEIGHTS ECONOMIC DEVELOPMENT AUTHORITY Its: Executive Director 493643v I SJS CL205-62