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03-25-2013 EDA Packet
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03-25-2013 EDA Packet
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EDA
EDA Document Type
EDA Packet
Meeting Date
03/25/2013
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(Above Space Reserved for Recording Data) <br />SECOND AMENDMENT TO CONTRACT FOR PRIVATE DEVELOPMENT AND <br />SUBORDINATION AGREEMENT <br />THIS SECOND AMENDMENT TO CONTRACT FOR PRIVATE <br />DEVELOPMENT AND SUBORDINATION AGREEMENT (this "Agreement") is dated as <br />of , 2013, by and between LINO LAKES HOUSING LIMITED <br />PARTNERSHIP, a Minnesota limited partnership ("Developer"), and LINO LAKES <br />ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic of the <br />State of Minnesota (the "Authority"). <br />RECITALS: <br />A. Developer is the fee owner of certain property known as Cottages Homesteads of Willow <br />Pond located at 101 Willow Pond Trail, in the City of Lino Lakes, County of Anoka, <br />State of Minnesota, as legally described on Exhibit A attached hereto and incorporated <br />herein by reference (the "Project"). <br />B. Developer's predecessor -in -interest, Cottage Homesteads of Willow Ponds Limited <br />Partnership, a Minnesota limited liability company (the "Prior Developer"), and the <br />Authority entered into that certain Contract for Private Development dated October 3, <br />1995, and recorded in the office of the County Recorder, Anoka County, Minnesota, on <br />October 3, 1995, as Document No. 1185222, as assigned to Developer under that certain <br />Assignment of Partnership Interests and Company Interests dated July 1, 2010, and <br />recorded in the office of the County Recorder, Anoka County, Minnesota, on July 21, <br />2010, as Document No. 2016409.007 and further amended by First Amendment to <br />Contract for Private Development and Subordination Agreement dated July 1, 2010, and <br />recorded in the office of the County Recorder, Anoka County, Minnesota, on July 21, <br />2010, as Document No. 2016409.008 (together with all subsequent amendments, <br />modifications, renewals and extensions thereof, collectively referred to herein as the <br />"Development Contract"). <br />438732.2 <br />
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