File #: 2024-5795    Version: 1 Name:
Type: Regular Agenda Status: Agenda Ready
File created: 2/20/2024 In control: Board of County Commissioners
On agenda: 3/12/2024 Final action:
Title: Kolter Group Acquisitions, LLC Fourth Amendment to Agreement for Sale and Purchase
Attachments: 1. A AGR 2021-142 & 143 Amendment #3 to Sale and Purchase Agreement - Kolter Group Acquisitions, LLC.pdf, 2. A.AGR 2021-142 - A.AGR 2021-143 First Amendment to Agr for Sale and Purchase.pdf, 3. A.AGR 2021-142 A.AGR 2021-143 2nd Amendment to Sale and Purchase with Kolter Group Acquisitions LLC.pdf, 4. A.AGR 2021-142 A.AGR 2021-143 Addendum to Agreement for Sale and Purchase.pdf, 5. AGR 2021-142 AGR 2021-143 Agreement for Sale and Purchase.pdf, 6. Fourth Amendment to Agreement for Sale and Purchase v.4 02.26.2024.pdf
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Kolter Group Acquisitions, LLC Fourth Amendment to Agreement for Sale and Purchase

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recommendation

County Administration

Authorize the Chairman to sign the Fourth Amendment to the Agreement extending the date of the Development Approval Period by 60 days until April 23, 2024, to allow enough time for the final development approvals to be heard by the Board of County Commissioners. The closing will be on or before May 31, 2024. The County Administrator and County Attorney may extend the closing by 10 additional days if necessary. To secure the extension, Kotler will pay an additional $60,000 directly to the County within three days of the execution of the amendment. This payment is not an additional deposit and shall not result in an adjustment to the purchase price.

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Budgeted Action:

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