Agenda - Council - 11/22/1994 - Laserfiche WebLink

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OPTION TO ~URCHASE REAL PROPERTY DESCRIBED AS THE NORTHERLY PORTION OF 0UTLOT A RAMSEY 67 INDUSTRIAL PARK FIRST ADDITION In consideratiort of Five Hundred Dollars ($500.00) paid to ANOKA 67 INDUSTRIAL PARTNERSHIP ~tt 15708 Judicial Road, Burnsville, MN 55337 ("Seller"), receipt of which is hereby acknowledged, Seller hereby gives and grants to THE CITY OF RAMSEY, a municipal . corporation, under the laws of the State of Minnesota, 15153 Nowthen Boulevard NW, Ramsey, Minnesota 55303 ("Purchaser"), and its assigns, the exclusive option to purchase the real property of Seller situate~l in the City of Ramsey, County of Anoka, State of Minnesota, and legally described as Beginning at the intersection of the easterly boundary of Outlot A, RAMSEY 67 INDUSTRIAL PIARK FIRST ADDITION, Anoka County, Minnesota, and the northerly boundary of City of Ramse}/Road easement described as follows: The centerline of a 80.00 foot perpetual easement for street and utility purposes is described as followS: Beginning at the intersection of the east line of said Outlot A with a line 390 feet n~theasterly, as measured at a right angle to and parallel with the northerly right of wa~y of the Burlington Northern Railroad; thence on an assumed beating of North 65; degrees 46 minutes 50 seconds West, parallel to said northerly tight of way, a distance of 597.91 feet, thence northwesterly along a tangential curve, concave to the northeast, having a radius of 1219.73 feet, a central angle of 18 degrees 37 m~utes 26 seconds, a distance of 396.47 feet; thence North 47 degrees 09 minutes 24i seconds West, tangent to last said curve, a distance of 100.00 feet; thence w°sterly along a tangential curve, concave to the southwest, having a radius of 510.35 feet, a central angle of 42 degrees 47 minutes 56 seconds a distance of 38~.22 feet; thence North 89 degrees 57 minutes 20 seconds West, tangent to last said curve, a distance of 350.00 feet to the east right of way of Sunfish Lake Bcmlevard. Thence following the boundary of said Outlot A to the western intersection of said City of Ramsey Road Easement and said Outlot A boundary; thence east along nort_ herly boundary of said City of Ramsey Road Easement; together w~ith the buildings and all other improvements thereon, all easements, rights of way, and appurtebances thereto, and all of Seller's right, title, and interest in all public ways adjoining the property. The rea[ property described above is hereinafter referred to as the ("Subject Property"). This optiori is given on the following terms and conditions. Page I of 5