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striping of 275 parking stalls which number shall include required handicapped accessible stalls. c. grant the owner of the Land a non - exclusive, appurtenant easement to use an additional 25 parking spaces in the Parking Ramp, (other than parking spaces that are subject to exclusive easements or other exclusive use rights in favor of the owners of other properties subject to the PUMA); d. grant the owner of the Land a non- exclusive, appurtenant easement for pedestrian access between the Land and the F & C Exclusive Easement Area; and e. grant the owner of the Land a non - exclusive, appurtenant easement for vehicular access between the adjacent public rights of way and the F & C Exclusive Easement Area. In addition, the City must, at or before the Closing, adopt an amendment to the "Parking Plan," as defined in the PUMA to allocate not less 25 parking stalls in the Parking Ramp (other than parking spaces that are subject to exclusive easements or other exclusive use rights in favor of the owners of other properties subject to the Puma) to the Land. Parking stalls other than handicapped accessible stalls must be at least 9 feet by 18 feet in size. 4. Purchase and Sale. Seller agrees to sell the Property to Buyer pursuant to the terms of this Agreement, and Buyer agrees to purchase the Property from Seller pursuant to the terms of this Agreement. 5. Purchase Price. The purchase price of the Property is $250,000.00 (the "Purchase Price "). 6. Closing. Seller and Buyer must meet at Ramsey Municipal Center, 7550 Sunwood Drive, Ramsey, Minnesota at 9:30 a.m. on April 29, 2011 (the "Date of Closing ") at which time the Parties will perform the obligations set forth in this Section 6 (the "Closing "). At Closing: 2707737v7 12/17/10 a. Seller and the City must provide Commercial Partners Title, LLC ( "Title ") with a recorded copy of or a recordable original of the amendment to the PUMA that is described in Section 3 and a recorded copy of or a recordable original of the final plat of COR ONE, Anoka County, Minnesota. Seller must pay all fees and charges payable to the City of Ramsey pursuant to Chapter 117 of the City's Ordinances in connection with the City's approval of the plat of CORE ONE. Those fees are specifically identified on Exhibit G of the Development Agreement; b. Seller must: i Deliver to Buyer a certified copy of a Resolution of Seller's board of commissioners authorizing the execution of this Agreement and the performance of Seller's obligations under this Agreement; -2-