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transferred to Pu}rchaser at close of escrow, at its option. <br /> <br /> SECTION SIX <br /> NOTICES <br /> Any notice hereunder shall be given in writing to party for whom it is intended, in person, <br />or by registered :mail at the following address, or such future address as may be designated in <br />writing: to the S~ler, at the address set forth above; to the Purchaser as follows: <br /> <br /> City Administrator <br /> Ramsey Municipal Center <br /> 15153 Nowthen Boulevard NW Ramsey, Minnesota 55303 <br /> <br />to any successor~or assignee of either party, at the address stated in the notice of succession or <br />assignment. <br /> <br /> SECTION SEVEN <br /> ASSIGNMENT AND SUCCESSION <br /> This option and the contract resulting from the exercise thereof shall bind and inure to the <br />benefit of the he~rs, administrators, executors, successors, and assigns of the respective parties. <br />All rights of Purchaser hereunder may be assigned without restriction, but notice of each <br />assignment shall be given to Seller. <br /> <br /> SECTION EIGHT <br /> CONTROLLING LAW <br /> This Agr~ement has been made under the laws of the State of Minnesota, and such laws <br /> <br />will control its interpretation. Executed in duplicate on , 1994. <br /> <br />SELLER: Anoka 67 Industrial Partnership PURCHASER: City of Ramsey <br /> <br />By' <br /> <br />Its: <br /> <br />ATTEST: <br /> <br />By' <br />Its: Mayor <br /> <br />By' i By' <br /> : Its: <br /> <br />Its: <br /> <br />City Administrator <br /> <br />Page 3 of 4 <br /> <br /> <br />