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Shakopee Economic Development Authority
September 1, 2020
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| | | | | | | | | FROM: | Michael Kerski, Director, Planning & Development | | TO: | President and Board Members |
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| | | | | | | | Subject:
Time extension for MWF Properties LLC on Purchase Agreement |
| | | | | | | | Policy/Action Requested:
Approve Resolution No. E2020-011 for the first amendment to the Purchase Agreement granting up to two, 90 day extensions to MWF Properties for the acquisition of a parcel located in the West End Gateway |
| | | | | | | | Recommendation:
Approve Resolution E2020-011 |
| | | | | | | | Discussion:
The Minnesota Housing Finance Authority has extended the deadline for applications and award of funding because of COVID 19. MWF has asked to extend the purchase date to allow them to get approvals from MHFA. |
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