HomeMy WebLinkAboutA-Line Ventures - Amendment to Purchase Agreement - 8.21.23 AMENDMENT TO REAL ESTATE PURCHASE AGREEMENT
This Amendment is entered into as of August 21, ,2023,by and between A-Line Ventures,
LC("Seller")and City of Waterloo,Iowa("Buyer").
WHEREAS, Buyer and Seller are parties to a certain Real Estate Purchase Agreement dated
July 17,2023 (the"Agreement")pertaining to property identified as 200 E.Mullan Avenue,Waterloo,
Black Hawk County, Iowa,as further described in the Agreement; and
WHEREAS, the parties desire to amend the Agreement as set forth herein, to permit Buyer to
undertake an investigation of environmental conditions.
NOW, THEREFORE, Seller does hereby give its consent to Buyer conducting a Phase II
environmental assessment of the Property, and Buyer hereby agrees that it shall not terminate the
Agreement based on the results of the assessment. The expense of any action necessary to remove or
otherwise make safe any hazardous material, substances, conditions or waste shall be paid by Buyer.
Except as so amended, the Agreement shall continue unmodified in full force and effect. This
Amendment is binding on the parties and their respective personal representatives, successors and
assigns. This Amendment may be signed in counterparts.
IN WITNESS WHEREOF,the parties have executed this Amendment by their duly authorized
representatives as of the date first set forth above.
SELLER BUYER
A-Line Ve es,L City of Waterloo, Iowa
By: By: �uerrEut 91arE
enjamin S roh, Manager Quentin Hart, Mayor
Attest: YCelTey Fe(cf1
Kelley Felchle, City Clerk