HomeMy WebLinkAbout2018-2902.03wan.
FIRSTAMENDMENT TO PURCHASE AGREEMENT
4201. Jefferson Street NE,, Columbia Heights, Minnesota
This First Amendment to Purchase Agreement ("Amendment") is made this 1, day of
March, 2018 by and between Columbia Heights Economic Development Authority, a Minnesota
public body corporate and politic under the laws of Minnesota ('the "Seller"), and Horne Detail,
Inc., a Minnesota corporation (the "Buyer",).
WHEREAS, the Seller and the Buyer entered into that certain Purchase Agreernent dated as
of December 4, 2017 (the "Agreement") providing for the conveyance by the Seller to the Buyer of
certain property at 4201 Jefferson Street NE located in the City of Columbia Heights, Anoka
County, Minnesota and legally described as follows:
Lot 16, Block 32, Columbia Heights Annex to Minneapolis, Anoka County, Minnesota
the "Property"); and
WHEREAS, due to unanticipated delays, the parties have determined to 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 ofthem does hereby covenant and agree with the other as follows:
I . Amendment to Paragaph,.4 of the Agreement. Paragraph 4 of the Agreement is
amended as follows:
Price and Terms. The price for the Property is $35,000 ("Purchase Price") which Buyer shall pay
as follows: nonrefundable earnest money of $2,000 by check, receipt of which is hereby
acknowledged by Seller, The balance of the Purchase Price must be paid by certified check or wire
transfer on the Date ofClosing, The "Date of Closing" shall be no later than April 25, 2018.
2, Miscellaneous, Except as amended by this, Ainendment, the Agreement shall remain
in full force and effect.
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517902A MNI 01205-69
IN WITNESS WHEREOF, the parties have executed this First Amendment to Purchase
Agreenient as ofthe date written above,
SELLER
AUTHORITY
By:
Its: President
Its: Executive Director
HOME DETAIL, INC.
By:
Its: Pkz
5179020 MN1 CL205-69