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4B, TCAAP OTP
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Last modified
1/25/2008 3:14:57 PM
Creation date
1/25/2008 3:12:43 PM
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General
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TCAAP Offer to Purchase Amendment
General - Type
Agenda Item
Date
1/28/2008
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<br />~ <br />~~HILLS <br /> <br />January 28, 2008 <br /> <br />Mr. John E. Kelly <br />U,S. General Services Administration <br />Office of Property Disposal <br />Thomas P. O'Neil, Jr. Federal Building <br />10 Causeway Street, Room 925 <br />Boston, Massachusetts 02222 <br /> <br />Re: Twin Cities Army Ammunition Plant <br /> <br />Dear Mr. Kelly: <br /> <br />This confirms our agreement in Minneapolis on January 16, 2008 to create a <br />Seventh Amendment to the Offer to Purchase. The last sentence in subparagraph (e) <br />under paragraph 5 of the Sixth Amendment states that "if by February 1, 2008, the <br />Purchaser and the Government have not reached agreement on the Purchase Price <br />Credit and all of the terms of the Financial Assurance, then the Purchaser has the right <br />to rescind this Offer, whether before or after the Governrnent has accepted the Offer, <br />and the Government shall return any earnest rnoney paid up until the date of <br />rescission." During our meeting in Minneapolis on January 16, 2008, we agreed that <br />the February 1, 2008 date should be extended to September 1, 2008. Therefore, I <br />propose the following Seventh Amendment to the Offer to Purchase: <br /> <br />1. Subparagraph (e) under paragraph 5 is amended by changing the last <br />sentence to read as follows: <br />"Also, if by September 1, 2008, the Purchaser and the Government have not <br />reached agreement on the Purchase Price Credit and all of the terms of the Financial <br />Assurance, then the Purchaser has the right to rescind this Offer, whether before or <br />after the Government has accepted the Offer, and the Government shall return any <br />earnest money paid up until the date of rescission." <br /> <br />2. All other terms and conditions of the Offer to Purchase as amended by the <br />first six amendments, except those amended or clarified by this letter, shall remain in full <br />force and effect." <br /> <br />City of Arden Hills . 1245 West Highway 96 . Arden Hills, MN . 55112-5743 <br />Phone 651.792.7800 . Fax 651.634.5137 . www.ci.ardenMhills.mn.us <br />
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