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PURCHASE AGREEMENT
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<br /> 1. PARTIES. This Agreement is made on this day of September, 2004 by
<br />and between GARY R. HANSON, TRUSTEE OF THE DOUGLAS R. HANSON TRUST (the
<br />"SELLER"), with address at 14040 Azurite Street NW, Ramsey, Minnesota, 55303, and the CITY
<br />OF RAMSEY, a Minnesota municipal corporation, ("BUYER"), with address 15153 Nowthen
<br />Boulevard, Ramsey, Minnesota 55303.
<br />
<br /> 2. OFFER/ACCEPTANCE, BUYER offers to purchase and SELLER agrees to sell
<br />real property located at 14040 Azurite Street NW, Ramsey, Minnesota, 55303, Anoka County,
<br />Minnesota, legally described as follows:
<br />
<br />That part of Lot 1, AUDITOR'S SUBDIVISION NO. 30, Anoka County, Minnesota,
<br />described as beginning at the Northeast comer of Lot 2 of said AUDITOR'S
<br />SUBDIVISION NO. 30; thence Southeasterly along the Southeasterly extension of
<br />the Northeasterly line of said Lot 2 for a distance of 16.40 feet, more or less, to
<br />intersect the West line of the East 946 feet of said Lot 1, as measured along the
<br />North line of said Lot 1, also being the North line of the Northeast Quarter of Section
<br />34, Township 32, Range 25, Anoka County, Minnesota; thence North along said
<br />West line of the East 946 feet of Lot 1 for a distance of 250 feet; thence West at
<br />right angles a distance of 200 feet; thence South at right angles a distance of 160.4
<br />feet, more or less to intersect said Northeasterly line of Lot 2; thence Southeasterly
<br />along said Northeasterly line of Lot 2 to the point of beginning. Containing 0.94
<br />acres, more or less.
<br />
<br />AND
<br />
<br />That part of Lot 1, AUDITOR'S SUBDIVISION NO. 30, Anoka County, Minnesota,
<br />described as commencing at the Northeast comer of Lot 2, said AUDITOR'S
<br />SUBDIVISION NO. 30; thence Southeasterly along the Southeasterly extension of
<br />thc Northeasterly line of said Lot 2 for a distance of 16.40 feet, more or less, to
<br />intersect the West line of the East 946 feet of said Lot 1, as measured along the
<br />North line of said Lot 1, also being the North line of the Northeast Quarter, Section
<br />34, Township 32, Range 25, Anoka County, Minnesota; thence North along said
<br />West line of the East 946 feet of Lot 1 for a distance of 250 feet to the actual point of
<br />beginning of the tract to be hereby described; thence West at right angles a distance
<br />of 200 £cet; thence North at right angles a distance of 78.25 feet, more or less, to
<br />intersect the South line of the North 250 feet of said Lot 1, as measured parallel with
<br />the East line of said Northeast Quarter of Section 34; thence East along said South
<br />line of the North 250 feet a distance of 200 feet to intersect said West line of the East
<br />946 feet of Lot 1; thence South along said West line of the East 946 feet a distance of
<br />76.78 Feet, more or less to the point of beginning. Containing 0.35 acres, more or
<br />less.
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<br />Anoka County PIN: 34-32-25-11-0016
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<br />(the "Property").
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