HomeMy WebLinkAbout2017-2833.04I a I "
FOURTH AMENDMENT TO PURCHASE AGRE MENT
This Fourth Amendment to Purchase Agreement ("Amendment") is made this 30th day of
March 2017 by and between Anoka County Community 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 "').
WHEREAS, the Seller and the Buyer entered into that certain Purchase Agreement dated as
of May 26, 2016 (the "Agreement") providing for the conveyance by the Seller to the Buyer of
certain property at 464114643 Polk Street located in the City of Columbia Heights, Anoka Count),,
Minnesota and legally described as follows:
That pail of Lot 23 lying north of the South 20 t et of the SD Lot 23 and Lot 24, Block 1,
Sheffields 2"d Subdivision, County of" Anoka, State of Minnesota
lthe "Property"); and
WHEREAS, on August 31, 2016, the parties entered into the First Amendment to Purchase
Agreement in order to extend the closing date to October 31, 2016 (the "First Amendment"); and
WHEREAS, on October 28, 2016, the parties entered into the Second Amendment to
Purchase Agreement in order to extend the closing date to December 30, 2016 (the "Second
Amendment"), and
WHEREAS., on February 6, 2017, the parties entered into the Third Amendment to
Purchase Agreement in order to extend the closing date to March 31, 2017 (the "Third
Amendment"); and
WHEREAS, due to unanticipated delays, the parties have determined 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 thern does hereby covenant and agree with the other as follows:
I . Amendment, to Paragraph 7 of the Agreement. Paragraph 7 of the Agreement is
amended as follows:
CLOSING DATE. 'The closing of the sale of the Property shall take place on or betore May 31,
2017 unless otherwise mutually agreed by the parties, 'The closing shall take place at Columbia
Heights City Hall, located at: 590 40"' Avenue NE in Columbia Heights, Minnesota or such other
location as mutually agreed upon by the parties.
2. Miscellaneous. Except as amended by this Amendment, the Agreement shall remain
in full farce and effect.
496860v I NKE" C1,205-62
IN WITNESS WHEREOF, the parties have executed this Fourth Amendment to Purchase
Agreement as of the date written above.
SELLER
ONI LIVE 11welyll."Knis
By: Xtr 4cM—c OaPiril
Its: Executive Director
BUYER
COLUMBIA HEIGHTS
ECONOMIC DEVELOPMENT
AUTHORITY
Its: Executive Director
2
496860v I NKE CL205 -62