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Original Agreement <br /> Copy 2of3 <br /> REAL ESTATE PURCHASE AGREEMENT <br /> This agreement is made by and between the City of Ramsey (the"Seller"), and NIK <br /> Management, Inc. a Minnesota corporation(the "Buyer"), its successors and/or assigns) effective <br /> as of the last date signed by all parties below(the"Effective Date"). <br /> In consideration of the parties' mutual covenants, undertakings and representations in this <br /> Agreement and for other good and valuable consideration,the receipt and sufficiency of which <br /> the parties acknowledge,the parties agree as follows: <br /> 1. Sale of Property. <br /> a. Subject to paragraph 1(d) below, Seller agrees to sell to Buyer, and Buyer agrees <br /> to purchase from Seller, all of Seller's rights,title, and interest in the real property <br /> consisting of approximately 21.5 acres, located at 15240 Helium Street NW and <br /> 15153 Nowthen Boulevard NW, bearing PID Nos. 233225410035, <br /> 233225410019, 233225410018,the legal description of which is set forth in <br /> Exhibit 1 to this agreement(the"Property"),together with(a) all easements, <br /> privileges, and rights benefitting or appurtenant to the Property; and (b) without <br /> limiting the foregoing all water, mineral and all other rights held by Seller and/or <br /> which run with the land. <br /> b. The Property shall be conveyed from Seller to Buyer in two parcels, the <br /> approximate areas of which are illustrated in Exhibit 2. Parcel A is the southerly <br /> parcel of approximately 14 acres. Parcel B is the northerly parcel of <br /> approximately 7.5 acres. Within 60 days after the Effective Date of this <br /> Agreement, Buyer shall obtain a survey at its expense depicting Parcel A and <br /> Parcel B and setting forth the legal description for both. The survey and legal <br /> descriptions shall be attached to and made part of this Agreement. <br /> c. Parcel A and Parcel B shall be platted by Buyer at Buyer's expense as two <br /> separate plats. Buyer shall submit an application for preliminary plat approval of <br /> Parcel A within 60 days after receipt of the survey referenced above. <br /> d. The sale of Parcel B is contingent upon Seller approving the construction of a new <br /> fire station by April 30, 2015. In the event the City Council does not approve of <br /> the new fire station project by that date, the sale of Parcel B shall be deemed null <br /> and void and not part of this Agreement. <br /> 2. Property Demolition. As of the Effective Date, the former city hall, an existing fire <br /> station,access roads, associated parking facilities, and a mound septic system exist on <br /> Parcel B ("Existing Improvements"). The fire station will remain in use until a new fire <br /> station is completed on a new site in 2016. Upon completion of the new fire station and <br /> removal of all equipment from the existing fire station,the Seller shall demolish the <br /> Existing Improvements at its expense and remove the resulting debris. The Seller is not <br /> responsible for any changes to the existing grade on the site or.any other site <br /> improvements. <br /> 1 <br />