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C".fty <br />Resolution 21-56 <br />A Resolution Approving a Conveyance of Certain Property to Egan <br />Properties LLC <br />WHEREAS, by Resolution No. 21-47, the City Council approved a Commercial Purchase <br />Agreement ("Purchase Agreement") with First Step Preschool & Childcare LLC, for the property <br />located at 413 Proctor Avenue NW in the City of Elk River ("Property"); and <br />WHEREAS, the parties desire to amend the Purchase Agreement to change the buyer under the <br />Purchase Agreement to Egan Properties LLC pursuant to the Addendum attached hereto as Exhibit <br />A ("Addendum") as it is the new buyer's intention to lease the Property to the original buyer under <br />the Purchase Agreement. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River, <br />Minnesota, as follows: The Addendum is hereby approved, and the City Administrator, Mayor and <br />City Clerk are hereby authorized to execute and deliver all necessary documents required under the <br />terms of the Purchase Agreement, together with its Addendums. <br />Passed and adopted this 23T`` day of August 2021. <br />John J. Dietz, Mayor <br />ATTEST: <br />Tina Allard, City Clerk <br />215796v1 <br />