AMENDMENT TO AGREEMENT OF SALEAgreement of Sale • November 4th, 2004 • American Community Properties Trust • Land subdividers & developers (no cemeteries)
THIS AMENDMENT TO AGREEMENT OF SALE (the "Amendment") dated this 28th day of September, 2004, by and between OWINGS CHASE ASSOCIATES LIMITED PARTNERSHIP, a Maryland limited partnership (the "Owings Seller") PRESCOTT SQUARE APARTMENTS LIMITED PARTNERSHIP, a Maryland limited partnership (the "Prescott Seller"), (the Owings Seller and the Prescott Seller are collectively referred to herein as the "Seller"), both with an address of c/o Sawyer Property Management of Maryland, LLC, 75 Second Avenue, Suite 200, Needham, Massachusetts 02494 ("Seller") and AMERICAN HOUSING PROPERTIES, L.P., a Delaware limited partnership with an address of 222 Smallwood Village Center, St. Charles, Maryland 20602, or its permitted assignee ("Buyer").
PURCHASE AND SALE AGREEMENTPurchase and Sale Agreement • November 4th, 2004 • American Community Properties Trust • Land subdividers & developers (no cemeteries) • Maryland
THIS PURCHASE AND SALE AGREEMENT (the "Agreement") is made as of the 13th day of August, 2004 (the "Effective Date"), by and between OWINGS CHASE ASSOCIATES LIMITED PARTNERSHIP, a Maryland limited partnership (the "Owings Seller") and PRESCOTT SQUARE APARTMENTS LIMITED PARTNERSHIP, a Maryland limited partnership (the "Prescott Seller"), (the Owings Seller and the Prescott Seller are collectively referred to herein as the "Seller"), both with an address of c/o Sawyer Property Management of Maryland, LLC, 75 Second Avenue, Suite 200, Needham, Massachusetts 02494 ("Seller"), and AMERICAN HOUSING PROPERTIES, L.P., a Delaware limited partnership with an address of 222 Smallwood Village Center, St. Charles, Maryland 20602, or its permitted assignee ("Buyer").
SAWYER REALTY HOLDINGS LLCAmerican Community Properties Trust • November 4th, 2004 • Land subdividers & developers (no cemeteries)
Enclosed please find contracts we have obtained for the Required Work specified in Section 1 of the above-referenced document. Based on these contracts, the total cost of the Required Work is $170,600, which is in excess of the $115,000 amount provided in Section 1 of the Amendment. In accordance with the terms of Section 1 of the Amendment, we will increase the amount to be placed in escrow at closing from $115,000 to $170,600.
