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I <br />I <br /> <br />15:25 LRW OFFICES 2140 4TH RUE ~ 612 429 5543 <br /> <br />NO. 469 <br /> <br />I <br /> <br />PURCHASE AGl~NT <br /> <br />I <br />I <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br />! <br />I <br />I <br />I <br />I <br />I <br /> <br /> THIS AGREF3iENT is made and entered iago as of this day of February, 1999 by and between thc <br />CITY OF RAMSEY, a mun/cipal corporation under the laws of the State of Minne~ta ("SELLER') and ANOKA <br />COUNTY COMMUNITY ACTION PROGRAM, INC., a Minnesota non-profit corpomdan under the laws of the <br />State of Minne,qota (~BUYER"). <br /> <br /> RECITALS <br /> <br /> A. SELLR. R i.~ the owne~ ofcer~aln~ real property in ~he CITY OF RAMSEY, County of Anoka, State <br /> <br />of Minnesola, legally described as follows: <br /> <br />(the 'Progeny'). <br /> B. <br /> <br />See Auac. hed ~Aibit <br /> <br />The Property currently is improved with seven (7) residential homes located thereon. Seller is in <br /> <br /> In considtrra~on <br />cons iderations, <br /> <br />1. <br />Property,. <br /> <br />the process of acquiring Property either by direct negotiation and oF emia~t domain. Tire residential homes we <br />being sold to BUyer in aa "as is" condition and Selle~r makes n0 ~ep~seatatioas to Buyer as to the habitability oF <br />condition of the ~sideatial homes whatsoever. <br /> <br /> C. ~F..L!.I~-R desires to sell, and BUYER ~sires to pm'chase the Plopet'ty, subject to the following <br />~_em.~ and coadi~oas. <br /> <br /> AGREEMENT <br /> <br /> of the mull cov~nam$ made below ~d oth~ good and valuable <br /> <br /> the parties agree as follows: <br /> <br /> OFFER AND ACCEPTANCE. SELLER agrees to sell and BUYE~ agrees to pumhase the <br /> <br /> PIJRClt.4~ PRICE. The purchase price for the Property shall be Two H~mOred Forry-foux <br /> <br />Thousaad and OO/lOOths (~(the "Purchase Price"). The Purchase Price shall I~ payable as follows: <br /> Z67,ooo <br /> <br /> <br />