Laserfiche WebLink
0 FIRST AMENDMENT <br /> TO THE <br /> CONTRACT FOR PRIVATE REDEVELOPMENT <br /> (BRIGHTON CORPORATE PARK II) <br /> THIS AGREEMENT is made on or as of this 25th day of June, 1996 by and between the <br /> City of New Brighton, Minnesota (the "City") and Industrial Equities Group, LLC, a Minnesota <br /> limited liability company (the "Redeveloper"). <br /> WITNESSETH: <br /> WHEREAS, the City and the Redeveloper entered into a Contract for Private <br /> Redevelopment dated as of June 25, 1996 (the "Contract" - Capitalized Terms not defined in this <br /> Agreement are defined in the Contract); and <br /> WHEREAS, the City and Redeveloper desire to amend the Contract to further the <br /> purposes set forth therein; <br /> NOW, THEREFORE, in consideration of the premises and the mutual obligations of <br /> the parties hereto, the parties hereby agree as follows: <br /> Section 1. Time of Conveyance. Sections*3.3(b)(ii) and 3.3(b)(iii) of the Contract are <br /> amended to read as follows: <br /> (ii) for Phase II, March 1, 1998 <br /> (iii) for Phase III, March 1, 1999 <br /> Section 2. Completion of Construction. Section 4.3(ii) and 4.3(iii) of the Contract are <br /> amended to read as follows: <br /> (ii) for the Phase II Minimum Improvements by December 31, 1998 <br /> (iii) for the Phase III Minimum Improvements by December 31, 1999 <br /> Section 3. Assessment Agreement. Sections 6.2(ii) and 6.2(iii) of the Contract are <br /> amended to read as follows: <br /> (ii) for Phase II, January 2, 1999 <br /> (iii) for Phase III, January 2, 2000 <br />