Laserfiche WebLink
[Reserved for Recording Data] <br /> RIGHT OF FIRST REFUSAL TO PURCHASE REAL ESTATE <br /> This Right of First Refusal is made on this day of June, 2016,by and <br /> between Pearson Properties of Ramsey, LLC, a Minnesota limited liability company, <br /> and the City of Ramsey, a Minnesota municipal corporation. <br /> Recitals <br /> A. Pearson owns vacant land currently zoned residential and retail but designated by <br /> the City as a future business park. The Parcels are legally described as follows: <br /> PROPERTY ID: 20-32-25-33-0001 <br /> ACRES (APPROX.): 39.63 <br /> THE SW 1/4 SW 1/4 SEC 20 TWP 32 R 25 LYG W OF E 40 FT TEREOF,EX RD <br /> SUBJ TO EASE OF REC <br /> PROPERTY ID: 29-32-25-22-0004 <br /> ACRES(APPROX.): 9.22 <br /> THAT PRT OF NW1/4 OF NW1/4 SEC 29 TWP 32 RGE 25 LYG NELY OF NELY <br /> R/W LINE OF BURLINGTON NORTHERN R/R AND LYG WLY AND SLY OF THE <br /> N 60 FT OF E 40 FT OF SD 1/4 1/4,EX RD SUBJ TO EASE OF REC <br /> B. The City desires to obtain a right of first refusal or first option to purchase the <br /> Parcels in order to further the development of the business park. <br /> C. Pearson desires to sell the Parcels for development and is willing to grant the City <br /> a right of first refusal or first option to purchase the Parcels pursuant to the terms <br /> of this agreement. <br />