Progressive Packaging Development Agreement AmendmentTO: The Honorable Mayor and City Council Members
FROM: Michael C. Van Milligen, City Manager
SUBJECT: Amendment to Development Agreement between City of Dubuque and
Progressive Packaging, LLC
DATE: May 2, 2008
I respectFully recommend Mayor and City Council approval of an amendment to the
Development Agreement between the City of Dubuque and Progressive Packaging,
LLC to extend the closing date on the land sale for an additional 14 days, ending
May 16, 2008.
~~ C l
~~
Michdel C. Van Milligen
MCVM/jh
Attachment
cc: Barry Lindahl, City Attorney
Cindy Steinhauser, Assistant City Manager
AMENDMENT TO DEVELOPMENT AGREEMENT
This amendment to Development Agreement is dated May 1, 2008 and made by and
between the City of Dubuque, Iowa, a municipality ("Seller") and Progressive Packaging, LLC
("Purchaser") (collectively referred to as the "Parties"). .
WHEREAS, the Parties hereto entered into a Development Agreement dated Apri121,
2008 (the "Agreement").
NOW THEREFORE, for other good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the Parties hereto agree to amend the Agreement
to extend the Closing Date, as defined in Section 1.1 of the Agreement, for an additional fourteen
(14) days ending May 16, 2008.
IN WITNESS WHEREOF, the Parties hereto have caused this Amendment to be
executed by their authorized representatives as of the day and year first above written.
AGREED BY AND BETWEEN:
City of Dubuqeu, Iowa
Print Name: Roy D. Buol
Title: Mayor
Progressive Packaging, LLC Q~
By:
Print Name: Russell C. Potter
Title: President
Date: May 7, 2008
Print Name: Jeanne F. Schneider
Title: City Clerk
Date: May 5, 2008
Page 1 of 1
667299v4