2017.11.01 EDC - Laserfiche WebLink

Home Browse Search

1 2nd AMENDMENT TO REDEVELOPMENT SERVICES AGREEMENT THIS SECOND AMENDMENT (the “2nd Amendment”) made and entered into as of the ________ day of ______________, 2017, by and between the City of New Brighton, a Minnesota municipal corporation, having its principal offices at 803 Old Highway 8 NW, New Brighton, Minnesota 55112 (“City”) and Ryan Companies US, Inc., having its principal offices at 50 South Tenth Street, Suite 300, Minneapolis, MN 55403 (“Redeveloper”). WHEREAS, City and Redeveloper have entered into an agreement on June 28, 2011 (the “Redevelopment Services Agreement”) pursuant to which Redeveloper provides certain services related to the redevelopment of certain commercial sites in the property commonly known as New Brighton Exchange in the City of New Brighton; and WHEREAS, City and Redeveloper entered in the 1st Amendment to Redevelopment Services Agreement (“1st Amendment”) that, among other things, extended the term of the Redevelopment Services Agreement to December 31, 2017; and WHEREAS, City and Redeveloper desire to amend the terms and conditions of the Redevelopment Services Agreement. NOW, THEREFORE, in consideration of the foregoing, and in consideration of the mutual terms, covenants, conditions and agreements herein contained, City and Redeveloper agree as follows: 1. The Redevelopment Services Agreement is hereby amended by replacing Section 6.1 in its entirety with the following: Term. The term of this Agreement shall commence on June 28, 2011 and terminate on December 31, 2019; provided, however, that this Agreement may be terminated earlier in accordance with the provisions of Article VIII hereof. 2. All other terms and conditions not expressly modified by this 2nd Amendment shall continue in full force and effect. (the remainder of this page intentionally left blank; signature pages follow)