Agenda - Council - 08/12/1997 - Laserfiche WebLink

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Nathe/Ramsey VACANT LAND PURCEASE AGREEMENT Date Page 1 of 4 Pages RECEIVED OF THE CITY OF RAMSEy, A MINNESOTA MLYNICIPAL CORPORATION, the sum of Five Hundred Dollars ($500.00) by check as earnest money to be deposited upon acceptance of Purchase Agreement by all parties, on or before the next business day after acceptance, in a seller account, but to be returned to BUYER if Purchase Agreement is not accepted by SELLER. Said earnest money is part payment for the purchase of the Property located in the City of Ramsey, County of Anoka, State of Minnesota, and legally described as follows: Ail that part of the West 2 rods and 6 feet of the Southwest Quarter of Northeast Quarter of Section 29, Township 32, Range 25 lying and being south of Trunk Highway Noo 10, formerly known as U.S. Military Road. (the "Property") all of which Property SELLER has this day agreed to sell to BUYER for the sum of Forty Thousand and no/100 ($40,000.00), which BUYER agrees to pay in the following manner: Earnest money of $500.00 and $39,500.00 cash on or before August 19, 1997, the date of closing. 1. ACCESS: SELLER grants as of the date hereof, permission of access to the Property for testing and surveying purposes. 2. HAZARDOUS WASTE: To the best of the SELLER'S knowledge there are no hazardous wastes, abandoned wells, or underground storage tanks located on the Property. 3. OUTLOT B ALPACA ESTATES 4TH ADDITION: SELLER agrees to cause Outlot B Alpaca Estates 4th Addition to be dedicated to the City for street and utility purposes. 4. IMPROVED STREET: SELLER will cause the Property to be improved to City street standards as a 9 ton road and accepted as a City street up to its intersection with Riverdale Drive. In the event the Property from Riverdale Drive, south to the southerly boundary line of the Property is improved to City street rural standards at the request of someone other than SELLER, legally described on attached Exhibit "A" (the "Nathe Parcel") will not be assessed for the street improvement expense. If SELLER requests the street improvement, the City may assess the Nathe parcel pursuant to its special assessment procedures or at the City's option, if the Nathe parcel is being subdivided and / 9,/ I I I I I I I I I I I I I I