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Project: <br />Seller: <br />Buyer: <br />Use: <br />Site Location: <br />Status: <br />Acres: <br />Price: <br />Total of payments: <br />Earnest Monies: <br />Due Diligence: <br />Closing Schedule: <br />Possession: <br />Lease Back: <br />Restrictive Covenant: <br />October 9, 2012 <br />HRA <br />HRA PURCHASE OF WISER CHOICE LIQUOR STORE <br />DEAL RECAP <br />Hwy 10/Armstrong Interchange and Sunwood Drive Realignment <br />M&W Holding Company, LLC <br />Ramsey Housing and Redevelopment Authority <br />R/W and related Armstrong Interchange and Sunwood Drive <br />Realignment project purposes. <br />Wiser Choice Liquor Store site, 14590 Armstrong Blvd. <br />Lot 2, Block 1, Hauser Addition <br />Purchase Agreement <br />1 acre gross <br />$940,000.00 (Building, Business and Land) <br />$80,160 (Trade Fixtures) <br />$90,000.00 (Business Relocation Estimate) <br />Total: $1,110,160.00 <br />$5,000.00 non-refundable <br />30 days <br />October 2012 <br />18 months from Closing subject to Lease Back <br />Agreement provides for lease back to Seller for up to 18 months at <br />$5,000.00/month rent to City, all pending closing and construction <br />of Seller's new Liquor store in the COR <br />Seller has requested that the HRA agree to a restrictive covenant <br />that the "....Property may not be used as a liquor store after the <br />Grantor (M&W) vacates the Property." <br />