HomeMy WebLinkAbout4.5b Resolution 2022-008 WAG Approving First Amendment to PACITY OF COTTAGE GROVE, MINNESOTA
COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
RESOLUTION 2022 - 008
A RESOLUTION APPROVING THE FIRST AMENDMENT TO PURCHASE
AGREEMENT BY AND BETWEEN
GLENDENNING FARMS, L.P., WAG FARMS, INC. AND
JOAN GLENDENNING KENNEDY FAMILY LIMITED PARTNERSHIP
AND THE COTTAGE GROVE ECONOMIC DEVELOPMENT AUTHORITY
WHEREAS, on February 8, 2022, by and through Resolution No. 2022-003, the
Cottage Grove Economic Development Authority (“EDA”) approved the purchase of real
property from Glendenning Farms, L.P., WAG Farms, Inc. and Joan Glendenning
Kennedy Family Limited Partnership (“WAG”), for the purpose of development of certain
real property legally described as follows:
Outlot A, Glengrove Industrial Park 5th Addition
Abstract Property
PID 20.027.21.42.0009
and
WHEREAS, also on February 8, 2022, by and through Resolution No. 2022-003,
the EDA approved the related Purchase Agreement and authorized the appropriate
officials to take such action as to effectuate its execution and implementation; and
WHEREAS, the EDA has requested an extension of the Closing Date to occur no
later than August 31, 2022; and
WHEREAS, WAG does not object to the requested extension.
NOW THEREFORE BE IT RESOLVED by the Board of Commissioners of the
Cottage Grove Economic Development Authority, the First Amendment to Purchase
Agreement is hereby approved and the appropriate officials are authorized to take such
action as to effectuate its execution and implementation.
Adopted this 28th day of June, 2022.
Myron Bailey, President
Attest:
Jennifer Levitt, Executive Director