HomeMy WebLinkAboutIV.A.1 - Resolution Authorizing Signature of Amendment - Rio GranHASTINGS ECONOMIC DEVELOPMENT AND REDEVELOPMENT AUTHORITY
DAKOTA COUNTY, MINNESOTA
HEDRA RESOLUTION NO. 2024-19
A RESOLUTION APPROVING THE SECOND AMENDMENT TO PURCHASE
AGREEMENT BY AND BETWEEN HASTINGS ECONOMIC DEVELOPMENT AND
REDEVELOPMENT AUTHORITY AND RIO GRAN EXPRESS LLC
WHEREAS, on January 25, 2024, the Hastings Economic Development and
Redevelopment Authority (“HEDRA”), by and through HEDRA Resolution No. 2024-03, after a
public hearing, approved the sale of real property to Rio Gran Express LLC (“Buyer”), which is
legally described as follows:
Lot Six (6), Block Two (2), HASTINGS INDUSTRIAL PARK NO. 6, according to the
recorded plat thereof.
Torrens Property
PID: 19-32005-02-060
Certificate of Title No.: 110571
WHEREAS, On May 7, 2024 HEDRA adopted Resolution No. 2024-07 authorizing
signature of the First Amendment to the Purchase Agreement extending the Closing Date until
December 31, 2024; and
WHEREAS, The Buyer has requested that the Closing Date be amended to May 31, 2025;
and
WHEREAS, HEDRA agrees to the extension.
NOW THEREFORE BE IT RESOLVED by the Board of the Hastings Economic
Development and Redevelopment Authority that the Second Amendment to Purchase Agreement
by and between HEDRA and Buyer is hereby approved, subject to minor modification as approved
by the City Attorney, and the appropriate officials are authorized to take such action as to effectuate
its execution and implementation.
Adopted by the Hastings Economic Development and Redevelopment Authority this 12th day of
December, 2024.
Trevor Johnson, President
Alexander Menke, Secretary