Contract for Deed Amendment1/1
PIN �5 L
No delinquent taxes and transfer
entered: Certificate of
Real Estate Value ( ) Filed Q� Not Required
CRV #
J� 2Q_a—
Laurie Da s Carver C unty Auditor -Treasurer
By Deputy
Document No. A649303
OFFICE OF THE COUNTY RECORDER
CARVER COUNTY, MINNESOTA
Recorded on -July 28, 2017 2:57 PM
Fee: $46.00
(Reserved for Recording Data)
AMENDMENT OF CONTRACT FOR DEED
David Frischmon
County Recorder
THIS AMENDMENT OF CONTRACT FOR DEED (the "Amendment") is made and
entered into as of the day of June, 2017 by and between CITY OF CHANHASSEN, a
Minnesota municipal corporation, Seller, and ROADRUNNER TRUCK REPAIR INC., a
Minnesota corporation, Purchaser.
RECITALS:
WHEREAS, the Purchaser and the Seller are parties to a Contract for Deed dated June 27,
2012 covering real property legally described on Exhibit A attached hereto and made a part hereof,
which Contract for Deed was recorded in the Office of the County Recorder, Carver County,
Minnesota on September 28, 2012, as Document No.A562953; and
WHEREAS, Seller has requested an extension of time for the full payment of the Purchase
Price under the Contract for Deed to complete the process of remediation through the MPCA and to
avoid a default in the Contract for Deed; and
WHEREAS, the Property has environmental issues that must be addressed before the
Property can be fully developed. Because the City owned the Property for approximately 30 years
prior to sale, it desires to provided limited assistance in the costs of remediation of the
environmental issues; and
WHEREAS, the Seller is agreeable to amending the terms, covenants and conditions of the
Contract as requested by the Purchaser solely according to the terms, covenants and conditions of
this Amendment.
NOW, THEREFORE, in consideration of the mutual covenants and agreements
hereinafter contained, the receipt and sufficiency of which are hereby acknowledged, it is agreed by
the parties hereto as follows:
1. Amendment of Paragraph 6 of the Contract for Deed. Paragraph 4(b) of the
Contract for Deed is amended to read as follows:
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(b) BALANCE OF PURCHASE PRICE. The remaining balance of the Purchase Price
shall be paid in equal monthly installments, which payments include principal and interest
accruing on the Purchase Price at the Interest Rate (which amount represents monthly
payments of the Purchase Price accruing interest at the Interest Rate and amortized over a
period thirty (30) years) commencing on the Contract Date and continuing the same day of
each month thereafter for 64 months, at which time the entire unpaid balance of the principal
and accrued interest shall be due and payable in full, all as set forth on the payment
scheduled attached as Exhibit B hereto and made a part hereof. Payments shall be credited
first to interest and the remainder to principal. Interest shall accrue at the Interest Rate from
the Contract Date. The last payment shall be a balloon payment.
2. Amendment of Paragraph 22 of the Contract for Deed. Paragraph 22 of the Contract
for Deed is amended to read as follows:
22. ENVIRONMENTAL.
(a) Purchaser shall not bring, store, generate, or treat hazardous wastes or
substances or petroleum products upon the Property, except for small quantities which are stored
and used in compliance with applicable law. Purchaser hereby agrees to indemnify, defend and
hold Seller harmless from any and all claims, demands, actions, causes of action, and liabilities.
(b) Upon payment of the balloon payment provided under Paragraph 4, Seller
will pay to Purchaser up to $19,000.00 towards remediation of the environmental issues located on
the Property reviewed by the MPCA upon receipt by Seller of payment of claims by Purchaser for
such remediation.
3. Amendment of Exhibit B of the Contract for Deed. Exhibit B of the Contract for
Deed is amended as attached to this Amendment.
4. Terms of Contract. The Contract is hereby amended and modified to the extent
necessary to be consistent with the provisions of this Amendment. To the extent that this
Amendment conflicts with the Contract, the provisions of this Amendment shall prevail. To the
extent not otherwise modified or amended by this Amendment, all of the other terms, covenants and
conditions of the Contract shall remain in full force and effect.
(Remainder ofpage intentionally left blank. Signature pages to, follow)
193133v1
2
• 16
SELLER:
CITY OF CHANHASSEN
Denny La6fenb rg6rr, /Mayor
AND
Gerhardt, City Manager
STATE OF MINNESOTA )
)ss.
COUNTY OF CARVER )
47
The foregoing instrument was acknowledged before me this day of
2017, by Denny Laufenburger and by Todd Gerhardt, respectively the Mayor
and City Manager of the City of Chanhassen, a Minnesota municipal corporation, on behalf of the
corporation and pursuant to the authority granted by its City Council. ,
Not ry Public
I#KIM T. MEUWISSEN
AAAAAW��
otary Public -Minnesota
y pgnn*Ww Expires Jan 31, 2020
193133v1
PURCHASER:
ROADRUNNER TRUCK REPAIR, INC.
ITS: President
STATE OF MINNESOTA )
)ss.
COUNTY OF CARVER )
The foregoing instrument was acknowledged before me this day of
2017, by �t&6rr, the President of Roadrunner Truck
Repair, Inc., a Minnesota corporation, on behalf of the corporation.
AMY JENNIFER HOLST
Notary Public -Minnesota
My Comn*don Expires Jan 31, 2021
Notary lic
TAX STATEMENTS FOR THE REAL
PROPERTY DESCRIBED IN THIS
INSTRUMENT SHOULD BE SENT TO:
Roadrunner Truck Repair Inc.
1591 Park Road
Chanhassen, M 55317-9594
THIS INSTRUMENT WAS DRAFTED BY:
CAMPBELL KNUTSON, P.A.
860 Blue Gentian Road, Suite 290
Eagan, Minnesota 55121
Telephone: 651-452-5000
[AMP]
193133v1
4
EXHIBIT A
Legal Description of Property
Lots 10 and 11, Block 5, CHANHASSEN LAKES BUSINESS PARK, Carver County, Minnesota,
according to the recorded plat thereof.
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EXHIBIT B
Schedule of Payments
Tool WOW price 1,475,000 MarYyCl) PaY>M+r1
7.7570
Down payment 102.000
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193133vl