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Agenda - Council - 05/09/2023
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Agenda - Council - 05/09/2023
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3/13/2025 11:15:00 AM
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5/17/2023 9:57:50 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
05/09/2023
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SECOND AMENDMENT <br />TO <br />PURCHASE AGREEMENT <br />This is the Second Amendment to the Purchase Agreement by and between the City of <br />Ramsey, a Minnesota municipal corporation ("Seller"), and COR Trust Bank, N.A. and/or its <br />assigns, a Minnesota Limited Partnership ("Buyer"), with an Effective Date of August 30, 2022. <br />Recitals <br />I. EFFECTIVE DATE. The Effective Date remains August 30,2022. <br />2. INSPECTION PERIOD. The Inspection Period is changed from April 30, 2023 to June 30, <br />2023. <br />3. EXHIBIT B — SITE PLAN CONCEPT. The Site Plan concept has been revised to depict a <br />55020 SF Bank. <br />Amement <br />1. AMENDMENT APPROVAL. Buyer and Seller hereby approve this Second Amendment to <br />Purchase Agreement as modified by the above Recitals, which are hereby incorporated herein. <br />2. REMAINING TERMS. All other provisions of the First Amendment to Purchase Agreement <br />and Purchase Agreement remain unchanged except to the extent inconsistent with the terms of <br />this Second Amendment to Purchase Agreement. The terms used in this Second Amendment to <br />Purchase Agreement have the same meaning as in the First Amendment to Purchase Agreement <br />and Purchase Agreement. <br />SELLER: City of Ramsey, a Minnesota municipal corporation <br />M <br />0 <br />Mark E. Kuzma, Mayor <br />Brian Hagen, City Administrator <br />BUYER: C"6d R -rust Bank, N.A. <br />By:f. <br />Dean Suchy, Market President <br />Dated: <br />Dated: <br />2023 <br />2023 <br />Dated: z .7 2'Y , 2023 <br />Page 1 of 2 <br />
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