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515 Little Canada Road, Little Canada, MN 551174600 <br />(651) 766-4029 / FAX: (651) 766-4048 <br />www.ci.Jittle-canada.nm.us <br />MEMORANDUM <br />TO: Mayor Blesener and Members of the City Council <br />FROM: Joel Hanson, City Administrator <br />DATE: September 10, 2014 <br />RE: Update to 331 Little Canada Road Purchase Agreement <br />MAYOR <br />Bill Blesener <br />COUNCIL <br />Rick Montour <br />John Keis <br />Michael McGraw <br />Shelly Boss <br />ADMINISTRATOR <br />Joel R. Hanson <br />Attached is the revised purchase agreement for the property at 331 Little Canada Road. <br />Ms. Barrieau has reviewed and approved these revisions. The major changes are asf <br />follows: <br />• Corrected typo in sales price to make written out price equal to numerical value. <br />($158,000). <br />• Documented existence of well on property and said City would take responsibility <br />for sealing. (It is located under the an addition to the house and would be more <br />easily accessed during moving/demolition of the structure. <br />• Revised language to state "to best of seller's knowledge" regarding existence of <br />underground storage tanks. <br />• Closing will likely occur on September 23`d. Allowed Seller until October 10th to <br />vacate premises to coordinate with her moving to her new home. She will keep <br />property insured during this time and be responsible for utility payments. The <br />City will be named as a loss payee. <br />Staff recommends approval as revised. <br />