02-27-2002 Council Agenda - Laserfiche WebLink

Home Browse Search

Assignment of Real Estate Purchase Agreement This Assignment of Purchase Agreement is entered into effective the / hl. day of F'tb ,... 2002, by and between CommonBond Communities, a Minnesota not - for - profit corporation ( "Assignor ") and Garden Terrace Commons Senior Housing, a not- for - profit corporation ( "Assignee "). Whereas, Assignor entered into the Real Estate Purchase Agreement dated May 17, 2001 by and between the City of Little Canada, a municipal corporation, as Seller, and Assignor, as Buyer ( "Agreement "); Whereas, Assignor desires to assign to Assignee all of Assignor's right, title, claim, and interest in and to said Purchase Agreement; Whereas, Assignee desires to have Assignor assign to Assignee all of Assignor's right, title, claim, and interest in and to said Purchase Agreement; Now, Therefore, in consideration of the foregoing, and in consideration of One and No /100 Dollars ($1.00) and other good and valuable consideration to Assignor in hand paid by Assignee, the receipt and sufficiency of which are hereby acknowledged by Assignor, Assignor does hereby sell, assign and transfer unto Assignee and Assignee's successors and assigns, forever, all of Assignor's right, title, claim, and interest and in and to said Purchase Agreement. February 7, 2002 CommonBond Comma it es A Mi 'g1.sota not-f an ,t, nor- oration tit..,, sep IL. Holmberg • ts: Senior Vice President Acceptance The undersigned hereby accepts the above Assignment and agrees to be bound by the terms and conditions of said Purchase Agreement. February 7, 2002 Gar( a Mi By: Its: errace, omm s Senior Housing ion Doug 2s Mayo Vic e P esident 328 West Kellogg Blvd. St. Paul, MN 55102 Consent The undersigned hereby consents to the above Assignment and Acceptance. , 2002 City of Little Canada a municipal corporation B y: Its: