RES 26-14City of
Elk .,�
River
City of Elk River
City Council
Resolution 26-14
A Resolution of the City Council of the City of Elk River Amending a Real Estate
Purchase Agreement between the City of Elk River and Coborn's, Incorporated.
WHEREAS, the City entered into a land purchase agreement with Coborn's, Inc.
on October 22, 2025, to purchase real property, with closing to occur by March 6,
2026.
WHEREAS, the City and Coborn's desire to extend the date of closing to April 8,
2026.
WHEREAS, the City and Coborn's desire to modify the agreement by inserting a
new legal description of the property to be acquired by the City.
WHEREAS, the City and Coborn's desire to further incorporate other terms
regarding existing encumbrances into the agreement.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Elk River,
Minnesota, as follows: This Amendment to the Purchase Agreement is hereby
approved.
Passed and adopted this 2nd day of March 2026.
Yhn.yor
ATTEST:
(� �u- -
Jolene Richter, Deputy Clerk