HRA PACKET 10272020 - Laserfiche WebLink

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4839-8767-9929\3 EXHIBIT D COVID-19 EXHIBIT Bremer and HRA agree to work in good faith to perform their obligations under this Land Swap Agreement within the stated timelines herein, with both parties acknowledging that the evolving circumstances of the coronavirus/COVID-19 may result in unknown or unforeseen events, delays, closings, or cancellations beyond the control of the parties. Bremer and HRA understand and acknowledge that the unprecedented global COVID-19 pandemic may make the performance of the Land Swap Agreement within the specific timelines set forth impossible or impracticable. Government entities have issued restrictions on certain travel, requirements for self-isolation, and closure of government and private offices whose services may be required to fulfill the terms of the Land Swap Agreement including, but not limited to, funding, closing, and recording real estate transactions. For Purposes of this Addendum or Amendment, “COVID-19 Related Event” means: 1. Quarantine ordered by a government authority or an attending physician; 2. Hospitalization of key individuals acting on behalf of Bremer or HRA, due to COVID-19 illness; 3. Inability of Bremer or HRA to access the services of other persons or entities to fulfill the terms agreed to in the Land Swap Agreement as a result of COVID-19 pandemic restrictions, including but not limited to, agents, attorneys, title or property insurers, inspectors, or governmental entities; or 4. A similar unforeseen impediment related to the COVID-19 pandemic that is outside the reasonable knowledge or control of the delayed party. The parties acknowledge that more time may be needed to complete various clauses of this Land Swap Agreement. For the above reasons, Bremer and HRA hereby agree to amend or add the following provision(s) to the Land Swap Agreement: Buyer and Seller agree to extend all deadlines in the Land Swap Agreement by thirty (30) Calendar Days if either party provides written notice of the COVID-19 Related Event to the other party, or licensee representing or assisting the other party, as soon as reasonably possible but in any event before the Closing Date (“COVID-19 Extension Date”). In the event the COVID-19 Extension Date expires prior to a resolution of the COVID-19 Related Event, the parties may agree in writing to an additional extension period or either party may cancel the Land Swap Agreement by providing written notice to the other party, or licensee representing or assisting the other party, of party’s intent to cancel based on the COVID-19 Related Event no later than the end of the COVID- 19 Extension Date. If either party cancels the Land Swap Agreement, Bremer and HRA shall immediately sign a Cancellation of Purchase Agreement confirming said cancellation. 18879637v7