AUTHORIZING the execution of an AMENDMENT to City of Topeka Contract No. 53456, a Real Estate Purchase Agreement between the City of Topeka (Buyer) and Topeka FC 1, LLC (Seller) for the conveyance of real estate by warranty deed. 

Voting Requirement: Action requires at least six (6) votes of the Governing Body.

(Approval will authorize the City Manager to execute the contract amendment to remove two parcels of property as legally described as part of the Project View RHID location.)

Action requires at least six (6) votes of the Governing Body.

Whether to approve the execution of the real estate purchase agreement amendment.

Staff recommends the Governing Body move to approve the contract amendment. 

The Real Estate Purchase Agreement between the City of Topeka (Buyer) and Topeka FC 1, LLC (Seller) for the conveyance of real estate by warranty deed is being done in concert with the RHID development agreement.

The legal description of the Project View RHID contained in Ordinance No. 20635 and Real Estate Purchase Agreement Contract No. 53456 incorrectly included two parcels of property. The removal of these two parcels does not constitute a substantial change to the plan for the development of housing and public facilities within the Project View RHID.

In addition to amending Ordinance No. 20635, corrective modifications and related action are required for the Purchase and Sale Agreement, Development Agreement, and Personal Guaranty, as provided for under the Development Agreement.

There is no budgetary impact to the City to approve the contract amendment.

Not Applicable