Laserfiche WebLink
[Reserved for Recording Data] <br />RIGHT OF RE-ENTRY AGREEMENT <br />This Right of Re-entry Agreement is entered into on April 24, 2018, by and <br />between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and Centra <br />Homes LLC, a Nevada Limited Liability Company ("Buyer"). <br />A. On <br />to Buyer: <br />Recitals <br />2018, Seller conveyed title of the following Property <br />THAT PRT OF OUTLOT B RAMSEY TOWN CENTER 2ND ADD LYG ELY OF <br />FOL DESC LINE: COM AT NW COR OF SD OUTLOT, TH S 89 DEG 42 MIN 54 <br />SEC E, ASSD BRG, ALG NLY LINE OF SD OUTLOT 607.10 FT TO POB OF SD <br />LINE, TH S 247.47 TO SLY LINE OF SD OUTLOT & SD LINE THERE TERM, SUBJ <br />TO EASE OF REC <br />Anoka County PID: 28-32-25-14-0094 <br />To be platted and subdivided by the Buyer. See Appendix A. <br />B. Title to the Property was conveyed subject to Buyer fulfilling certain Conditions <br />as set forth below. <br />C. As indicated in the Purchase Agreement between the City of Ramsey and Centra <br />Homes LLC, dated February 13, 2018, Section 29, it is the intent of the parties to <br />create and set forth a right to impose a penalty or a right of re-entry in favor of <br />Seller in the event Buyer fails to satisfy the Conditions. <br />Agreement <br />