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Redevelopment Commission Agenda & Packet 04.10.25
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Redevelopment Commission Agenda & Packet 04.10.25
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Dept of Community Investment
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1 <br />FIRST AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT <br /> <br /> This First Amendment to Real Estate Purchase Agreement (this “First Amendment”) is <br />made effective as of April 10, 2025 (the “Effective Date”), by and between AMF Holdings, LLC <br />(the “Sellers”) and the City of South Bend, Indiana, Department of Redevelopment, acting by and <br />through its governing body, the South Bend Redevelopment Commission (“Buyer”) (each a <br />“Party” and together the “Parties”). <br /> <br />RECITALS <br /> <br />A. Buyer and Sellers entered into that certain Real Estate Purchase Agreement, dated <br />February 13, 2025 (the “Agreement”), for the purchase and sale of the Property (as defined in the <br />Agreement) located in the City of South Bend. <br /> <br />B. Buyer has requested an extension of the Due Diligence and Closing date for further <br />investigation into the building. <br /> <br />C. The Parties wish to amend the Agreement as set forth herein. <br /> <br /> NOW, THEREFORE, in consideration of the mutual promises and obligations in this First <br />Amendment and the Agreement, the adequacy of which consideration is hereby acknowledged, <br />the Parties agree as follows: <br /> <br />1. In Section 3.C. of the Agreement, the phrase “forty-five (45) days” shall be deleted <br />and replaced with “sixty (60) days.” <br /> <br />2. Unless expressly modified by this First Amendment, the terms and provisions of <br />the Agreement remain in full force and effect. <br /> <br />3. Capitalized terms used in this First Amendment will have the meanings set forth in <br />the Agreement unless otherwise stated herein. <br /> <br /> <br /> <br /> <br />[Signature page follows.] <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />
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