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CC PACKET 09122000
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CC PACKET 09122000
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Last modified
12/30/2015 4:16:27 PM
Creation date
12/30/2015 4:16:07 PM
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SP Box #
17
SP Folder Name
CC PACKETS 1999-2001
SP Name
CC PACKET 09122000
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07/11/2000 16:20 2225341 VK ARRIGONI PE /�- <br /> `7C 8 <br /> Col► aRC1AL-DOUSTRIAL PURCHASE AGRFMAM rr <br /> 2654 Kenzie Terrace <br /> Page I of 5 <br /> ADDENDUM TO PURCHASE AGREEMENT#1 <br /> Dated: May 30,2000 <br /> Property Addrebb: 2654 Kenzie Terrace <br /> Property ID: 070292324002.0 and 070292324 21 <br /> OFFER SUBJECT TO: <br /> 1. Obtaining successful bank tinancingct cc.e PAub1'C- k o b�ti <br /> 2. Building appraises for purchase price. <br /> 3. Obtaining special use permit for buyer's use; church and storage on bottom floor, As lease Space. <br /> 4. Inspection by qualified professional on roof,foundation, mechanicals, electrical and plumbing. Seller <br /> will bring into satisfactory working condition if any repairs are needed to comply with all local codes <br /> and ordinances. <br /> 5. Subject to Buyer's and Seller's attorney's approval of purchase agreement within 10 days after <br /> Buyer's and Seller's signatures of Purchase Agreement. <br /> 6. Buyer's review and acceptance of a well disclosure statement. <br /> 7. Upon removal of Contingency#3.(obtaining a special use permit from the city of St. AuQiony for said <br /> use)Buyer will deposit an additional $9,000.00 earnest money in a Kraus-Anderson trust account <br /> within 10 business days of completion. Said frost account shall be an interest bcaring account. <br /> 8. Upon signatures of Buyers and Sellers of this Purchase Agreement dated May 30, 2000, shall void <br /> Purchasc Agreement between same Buyer and Seller dated April 7,2000, April 1 R, 2(} O, and May 4, <br /> 2000,and earnest money of Purchase Agreement dated April 7, 2000 shall be applied to purchase <br /> agreement dated May 30, 2000. <br /> 9. Property shall remain on the market for sale until all contingencies have been removed. However, any <br /> or all subsequent offers or purchase agreements shall be subject to cancellation of this agreement <br /> agreed up on by the buyer. <br /> 10. Seller shall grant buyer the first right of first refusal on the We of the second mortgage on the same <br /> terms as acceptable to other purchaser. <br /> 11. Buyer will indemnify Seller for any costs/assessments to Seller related to the application to the City for <br /> a special use permit. qp-v- <br /> 12. First Right of Refusal: ForW days after the date of this agreement,Seller will not enter into another <br /> purchase agreement that activates Buyer's first right of refusal before September 1, 2000. Thereafter, <br /> upon written notification to buyer that seller has received another acceptable offer;buyer shall remove <br /> all contingencies(within 5 business days) and proceed to closing within 60 days or this purchase <br /> agreement shall become null and void and all earnest money shall be returned to buyer with any <br /> accumulated interest. The above closing date of 60 days after notification is contingent upon buyer <br /> being released from its present lease at the Hamline Shopping Center, otherwise closing date shall <br /> occur September 1, 2001. Seller shall pay all special assessments levied and including or payable prior <br /> to September 1, 2000. Buyer shall pay all special assessments levicd or pending after September 1, <br /> • 2000 as ordered by the City Council or other governmental assessing authorities. Buyer and Seller <br /> shall prorate as of date of closing,real estate taxes due and pnynhle in the year of closing. <br />
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