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CLOSING STATLMENT <br />SELLER: City of Ramsey <br />BUYER: Waste Management of Minnesota, Inc. <br />PROPERTY: The Entire Site, namely.all 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 />1. MAJOR TERMS <br />A. Earnest money heretofore <br />B. Additional cash at closing <br />C. Total cash at closing owed by Buyer. to <br />Seller <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 <br />current landfill from <br />closing. <br />on the <br />date of <br />500.00 <br />149,500.00 <br />$149,500.00 <br />To be determined <br />within 10 days <br />after closing. <br />E. City of Anoka owes Seller one-half of To be determined <br />escrow fund at closing. <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 />G.' Total cash at closing owed by City of <br />Anoka to Seller <br />IX. MISCELLANEOUS' TERMS <br />- 14,061.39 <br />To be determined <br />at closing. <br />A. There will be no state deed tax, because the Seller is a <br />unit of government. <br />B. Buyer,will pay for 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 />