CCR1990056COMMON COUNCIL - CITY OF MUSKEG0
AMENDED
RESOLUTION #56-90
AMENDMENT TO CONTRACT OF SALE
(Herriot-Gruenwald Jt. Venture - Industrial Park Addn.)
BE IT RESOLVED that the Common Council of the City of Muskego,
upon the recommendation of the City's broker and the Finance
Committee, does hereby approve an Amendment to Contract of Sale
(Herriot-Gruenwald Joint Venture) to extend the closing date to
June 15, 1990, to provide for a payment of $12,000.00 additional
earnest money upon signing the amendment and waiving of all
contingencies by buyer upon signing of said amendment, and to
assign their interest in this contract to Orchard Investments,
Inc.
BE IT FURTHER RESOLVED the City's broker is hereby authorized to
prepare an amendment to the Offer to Purchase as stated above and
the Mayor and Clerk are hereby authorized to execute the
necessary documents in the name of the City.
DATED THIS 13th DAY OF March , 1989.
FINANCE COMMITTEE
Ald. Edwin P. Dumke
Ald. Daniel J. Hilt
Ald. Harold L. Sanders
ATTEST :
City Clerk
3/90
jZ
COMMON COUNCIL - CITY OF MUSKEG0
RESOLUTION #56-90
AMENDMENT TO CONTRACT OF SALE
(Herriot-Gruenwald Jt. Venture - Industrial Park /
BE IT RESOLVED that the Common Council of the Ci,k{ of Muskego,
upon the recommendation of the City's broker ayd the Finance
Committee, does hereby approve the Amendment,to Contract of Sale
(Herriot-Gruenwald Joint Venture) to extendphe closing date to
March 15, 1990, to provide for a payment o,f at least $13,000.00
at closing with the Seller providing Buy7 with a first mortgage
in the amount of $13,000.00 at a 10% anyualized interest rate due
and payable 90 days from date of closi/ng, and to assign their
interest in this contract to Orchard Investments Inc.
DATED THIS DAY OF , 1989.
FINANCE COMMITTEE
Ald. Edwin P. Dumke
Ald. Daniel J. Hilt
/
ATTEST : /
Ald. Harold L. Sanders
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