Tredyffrin-Easttown board makes amended declaration a condition of closing on 1200 West Swedesford Road

The Tredyffrin-Easttown School District board on March 18 approved a second amendment to the agreement of sale that makes an amended and restated declaration of covenants, conditions, restrictions and easements a condition of closing for the district's planned purchase of 1200 West Swedesford Road.

Ken Roos, the district solicitor, told the board the amendment responds to items that remain outstanding in the office-park declaration and ensures the district will not be obligated to close unless the amended declaration is executed in a form acceptable to the district, the seller and the seller’s mortgage lender. Roos said the change does not alter the purchase price and described it as “a minor amendment to an existing contract.”

Roos also told the board the district had received written confirmation the current tenants will be relocated no later than 120 days following the closing date, which is currently scheduled for April 2. He said the amendment moves the finalized declaration from a due-diligence deliverable to a closing condition so the district and seller can complete negotiations without delaying the closing timeline.

The board first voted to add the solicitor’s item to the evening’s agenda on a 9–0 roll call after no members of the public spoke during the limited public-comment period on whether to add the late item. After placing the measure in the priority discussion section, the board considered and approved the second amendment on a 9–0 vote.

The approval directs the superintendent to execute the second amendment in the form presented and preserves the district’s prior authorizations related to the purchase agreement. No public comment on the substance of the amendment was recorded at the meeting, and the solicitor said the amendment had been negotiated to protect the district’s interests while accommodating remaining operational concerns between the district and adjacent office-park owners.

Next steps include final execution of the amended declaration by all parties and completion of closing tasks; the board will receive updates as documents are finalized.