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Agenda - Economic Development Authority - 01/14/2021
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Agenda - Economic Development Authority - 01/14/2021
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3/14/2025 3:34:55 PM
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1/7/2021 10:30:22 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
01/14/2021
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SECOND AMENDMENT <br />TO <br />PURCHASE AGREEMENT <br />This is the Second Amendment to the Purchase Agreement and First Amendment to <br />Purchase Agreement by and between the City of Ramsey, a Minnesota municipal corporation <br />("Seller"), and GIGI'S SALON AND SPA, INC. and/or its assigns, a Minnesota Corporation <br />("Buyer"), with an Effective Date of November 26, 2019. <br />Recitals <br />1. EFFECTIVE DATE. The Effective Date remains November 26, 2019. <br />2. CLOSING The Buyer and Seller agree to extend the Closing Date from January 31, 2021 to <br />April 30, 2021. <br />Agreement <br />1. AMENDMENT APPROVAL. Buyer and Seller hereby approve this Second Amendment <br />to Purchase Agreement and First Amendment to Purchase Agreement as modified by above <br />Recitals which are hereby incorporated herein. <br />2. REMAINING TERMS. All other provisions of the Purchase Agreement, as amended, <br />remain unchanged except to the extent inconsistent with the terms of this Second <br />Amendment to Purchase Agreement. The terms used in this Second Amendment to Purchase <br />Agreement have the same meaning as in the Purchase Agreement and First Amendment to <br />Purchase Agreement. <br />SELLER: The City of Ramsey, a Minnesota municipal corporation <br />By: <br />Mark E. Kuzma, Mayor <br />Dated: , 2021 <br />By: Dated: , 2021 <br />Kurt Ulrich, City Administrator <br />BUYER: GIGI'S SALON AND SPA, INC. <br />By: Dated: , 2021 <br />Ginger Edin, President <br />Page 1 of 1 <br />
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