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CLOSING STATEMENT <br />SELLER: City of Ramsey <br />BUYER: Waste Management of Minnesota, Inc. <br />PROPERTY: The Entire Site, namely an of the South 1/2 of <br />the Southeast 1/4 of Section 22 and the North <br />1/2 of the Northeast 1/4 of Section 27, <br />Township 32, Range 25, Anoka County, Minnesota. <br />DATE OF CLOSING: December 12, 1984. <br />I. MAJOR TERMS <br />A. Earnest money heretofore 500.00 <br />B. Additional cash at closing 149,500.00 <br />C. Total cash at closing owed by Buyer to <br />Seller $149,500.00 <br />D. Contingent price payments: <br />1. Amount equal to 1.5% of gross <br />revenues from January 1, 1984, <br />to date of closing. <br />2. 10% of gross revenues on the <br />current landfill from date of <br />closing. <br />E. City of Anoka owes Seller one-half of <br />escrow fund <br />F. Seller owes to City of Anoka reimbursement <br />of one-half of real estate taxes paid or <br />payable by the City of Anoka from January 1,. <br />1982 to closing <br />To be determined <br />within 10 days <br />after closing. <br />To be determined <br />at closing. <br />- 14,061.39 <br />G.. Total cash at closing owed by City of To be determined <br />Anoka to Seller at closing. <br />II. MISCELLANEOUS' TERMS <br />A. There will be no state deed tax, because the Seller is a <br />unit of government. <br />B. Buyer will pay fox recording, <br />C. Buyer will pay for title insurance policy, if desired. <br />D. No payments will be made for conditional use permit, because <br />none has been issued. <br />35 <br />