Agenda - Council - 01/27/2026 - Laserfiche WebLink

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Authenbsign ID: 9E3CC3C7-60D0-F011-8195-00OD3AtE5303 ADDENDUM TO COMMERCIAL PURCHASE AGREEMENT: DUE DILIGENCE 44. Page 2 45. Property located at 6745 & 6701 Highway 10 NW 46. (ii) Phase II: This Purchase Agreement ❑ IS ❑ IS NOT contingent upon ❑ BUYER ❑ SELLER --------(Check one.)--------- ---------------- (Checkone.)---------------- 47. obtaining a Phase II environmental site assessment of the Property at ❑ BUYER ❑ SELLER ----------------(Check one.)---------------- 48. expense within days of Final Acceptance Date of this Purchase Agreement. 49. Buyer shall provide reasonable approval of the Phase II environmental site assessment within 50. days of either: 51. (a) Final Acceptance Date of this Purchase Agreement if the Phase II environmental site assessment is 52. obligated to be obtained by Buyer; or 53. (b) receipt of the Phase II environmental site assessment if Seller is obligated to obtain. 54. (iii) Other Testing: This Purchase Agreement ❑ IS ❑ IS NOT contingent upon ❑ BUYER ❑ SELLER -----(Check one.)-------- --------------- {Checkone.)---------------- 55. obtaining other Intrusive Testing of the Property at ❑ BUYER'S ❑ SELLER'S expense within -----------------(Check one.)------------------ 56. days of Final Acceptance Date of this Purchase Agreement. 57. Buyer shall provide reasonable approval of the assessment/inspection within 58. days of either: 59. (a) Final Acceptance Date of this Purchase Agreement if the assessment/inspection is obligated to be obtained 60. by Buyer; or 61. (b) receipt of the assessment/inspection if Seller is obligated to obtain. 62. For purposes of this form, "Intrusive Testing" shall mean any testing, inspection(s) or investigation(s) that 63. changes the Property from its original condition or otherwise damages the Property. 64. Buyer ❑ SHALL [—,Kl SHALL NOT be required to provide Seller with a copy of any assessment/inspection ----------------(Check one.)-------------- 65. reports obtained by Buyer. 66. (iv) Seller's Representations on Environmental Concerns: To the best of Seller's knowledge, there are no 67. hazardous substances or underground storage tanks except herein noted: 68 Buyer has not been made aware of any Environmental Concerns or Storage Tanks. 69. 70. 71. B. GOVERNMENTAL APPROVAL: The following items, if applicable, shall be completed within 72. days of Final Acceptance Date of this Purchase Agreement. 73. (i) This Purchase Agreement ❑ IS ❑X IS NOT contingent upon Buyer obtaining approval of governing body of ------(Check one.)------ 74. development or subdivision plans, as described below, at ❑ BUYER ❑ SELLER expense. If IS, Seller shall -------------(Check one.)----------- 75. cooperate with Buyer to obtain such approval. 76. 77. (ii) This Purchase Agreement ❑ IS Q IS NOT contingent upon Buyer obtaining approval of governing body for ------(Check one.)----- 78. rezoning or use permits, as described below, at ❑ BUYER ❑ SELLER expense. If IS, Seller shall ---------------(Check one.)------------- 79. cooperate with Buyer to obtain such approval. 80. 81. MWACPA:DD-2 (8/25) Minnesota Realtors®