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.
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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