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City Council Resolution 2022-142CITY OF MONTICELLO WRIGHT COUNTY, MINNESOTA RESOLUTION 2022-142 RESOLUTION APPROVING AMENDMENT TO PURCHASE AGREEMENT WHEREAS, the City of Monticello entered into a Purchase Agreement ("Purchase Agreement") with Daniel Thomas Robbins and Lynette Rhea Robbins, the Trustees of theThe Robbins Living Trust dated August 23, 2017 ("Buyer") for the conveyance of the property described in the Purchase Agreement ("Property") generally consisting of a portion of Outlot B, Jefferson Commons to be platted together with the Buyer's abutting property as Lot 1, Block 1, Jefferson Commons Fourth Addition ("Lot 1 "), when the Jefferson Commons Fourth Addition ("Plat") is recorded; WHEREAS, since the Plat has been prepared identifying the City as the owner of Outlot B, Jefferson Commons, a deed to the Buyer must be recorded after the Plat for Lot 1, which lot includes the Buyer's property; WHEREAS, the Purchase Agreement requires conveyance of the Property by a limited warranty deed; WHEREAS, the City cannot provide a limited warranty deed to Lot 1, since it is not the owner of all of the property within Lot 1; WHEREAS, rather than changing the Plat to provide for a conveyance of the Property prior to recording the Plat, the Buyer has agreed to take title to Lot 1 by a quit claim deed; WHEREAS, the parties desire to amend the terms of the Purchase Agreement accordingly and to extend the closing date to allow for sufficient time to obtain the necessary approvals for the the Plat as provided in the Amendment to Purchase Agreement attached hereto. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Monticello, Minnesota: 1. The Amendment to Purchase Agreement is hereby approved; and 3. The Mayor and City Administrator are authorized to execute any documents which, in the opinion of the City Attorney, are necessary to complete this transaction. 224353v2 ADOPTED this 12'' day of December, 2022, by the City Council of the City of Monticello, Minnesota. CITY OF MONTICELLO p By: Lloyd Hilgart, yor 224353v2