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Agenda - Economic Development Authority - 02/08/2024
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Agenda - Economic Development Authority - 02/08/2024
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Last modified
3/14/2025 11:55:34 AM
Creation date
2/6/2024 1:53:06 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Economic Development Authority
Document Date
02/08/2024
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FIRST AMENDMENT <br /> TO <br /> PURCHASE AGREEMENT <br /> This is the First Amendment to the Purchase Agreement by and between the City of <br /> Ramsey, a Minnesota Municipal corporation ("Seller"), and COR TI-ust Bank, N.A. and/or its <br /> assigns, a Minnesota Limited Partnership ("Buyer"), with an Effective Date of August 30, 2022. <br /> Recitals <br /> . EFFECTIVE DATE. The Effective Date remains ALIgust 30,2022. <br /> 2. INSPECTION PERIOD. The inspection Period is changed fi-om March 30,2023 to April 30, <br /> 2023. <br /> 3. EXHIBIT B—SITE PLAN CONCEPT. The Site Plan concept has been revised to depict a <br /> 4,818 SF Bank. <br /> Agreement I <br /> .. AMENDMENT APPROVAL. Buyer and Seller hereby approve this First Amendment to <br /> Purchase Agreement as modified by the above Recitals, which are hereby incorporated herein. f <br /> je <br /> 2, REMAINING TERMS. All other provisions of the Purchase Agreement remain unchanged <br /> except to the extent inconsistent with the terms of this First Amendment to Purchase Agreement. <br /> The terms used in this First Amendment to Purchase Agreement have the same meaning as in <br /> the Purchase Agreement, <br /> SELLER.: City of Rarnse Minnesota municipal corporation <br /> B . , Dated. w� � 2023 <br /> cork.E. kouzma, ..ayo 111 <br /> By: ,A. ��, .. _ _.. Dated: �-- 0 , 2023 <br /> Briaiz Hagen, City A.dxnt�'."'-rator <br /> BUYER: COR Ti-ust Dank,N.A. <br /> BY: Dated: 2023 <br /> Dean SLIchy, Mail et President <br /> Page I of 2 <br />
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