Loading...
HomeMy WebLinkAbout2018-2902.04FIRST AMENDMENT TO PURCHASE AGREEMENT 464,1 Polk Street NE, Columbia Heights, Minnesota This First Amendment to Purchase Agreement ("Amendment") is made this 241A 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 HOME DETAIL, INC., a Minnesota corporation (the "Buyer"). WHEREAS, the Seller and the Buyer entered into that certain Purchase Agt*eement dated as of December 4, 2017 (the "Agreement") providing for the conveyance by the Seller to the Buyer of certain property at 4641 Polk Street NE located in the City of Columbia Heights, Anoka County, Minnesota and legally described as follows: That Part of Lot 23 lying north of the south 20 feet of said Lot 23, and Lot 24, in Block, 1, Sheffield's Second Subdivision, Anoka County, Minnesota according to the recorded plat thereof, and situate in 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 niutual obligations of the parties hereto, each of them does hereby covenant and agree with the other as follows: 1, Paragraph 7 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 of Closing. 'lie "Date of Closing" shall be no later than April 25, 2018. 2. Miscellaneous. Except as amended by this Amendment, the Agreement shall remain in full force and effect. Remainder of this page intentionally left blank.) 517901A MNI CL205-70 IN WITNESS WHEREOF, the parties have executed this First Amendment to Purchase Agreement as of the date written above. ON AUTHORITY By: Its: President Its: Executive Director 311AN-U-9 HOME DETAIL, INC. By: Its: 517901A MNI CL205-70