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11„JR.CPIASE A(.;IRE,F,NIENIT <br />Agreement is entered into by ani between the (..7.1ty ot itamsey, a M.i.n..nesota <br />ramie ipal corporation ("Seller"), and eadoCreek Builders, Inc., a Minnesota (rporation <br />In consideration of the E.;.arnest lVioney, the mutual covenants set l.'iorth bek.Av., rand other <br />good and 'valuable consideration, the receipt and sufficiency of which are hereby acknowledged. <br />Seller and 1.1t.tyer agree as follows: <br />1. EF.FECTIVE DATE. The elteetive dale eF his A„greement Os December 12., 2018 (the <br />"Effective Date-). <br />SA.11,7: ()te PR(JPERTY. Seller agrees to sell to Buyer. and Buyer agrees to hid y from Seiler <br />6„42 (Al-) iteres of vacua( laad n Ramsey,. Minnesota. <br />Legal 1...)eseriptiory. 11.....mt 25.Block. Harvest l...'',,states, Anoka (I:minty, Minnesota <br />A noka (..'Ourny Property I' den Erficrit ion: 23-32-25.-4 1-0081 <br />Platting; Buyer is responsible 1.1)r subdividing and re -platting Pr...iperty. <br />3. 'PURCHASEV1 he purchase price tOr the Property is variable, as outlined in the <br />table bekrw. Upon cornpletion of the inspection Period (Section 9), and submission of the <br />writtem Notice -to -Proceed., Buyer shall provide Seller with tinal purchase price, and this <br />Agreement shall be ainended accordingly. Scher has the right to reject a purchase price <br />different than outlined bel)w. <br />Layout #1., Exhibit A S <br />Wyoult. #2, Exhibit 3 <br />P/SE P/Acre P Li rause Price <br />0,6,4 $ 28,037,00 $ ,L80,000.00 <br />0.04 $ 1.,55800 $ 10,.000,00 <br />4. EARNEST MONEY, By December 19, 2018, II iuyer m ust deposit the SUM Of $ t 0,C.)00 (the <br />"Eittle$'4 Nloney") .i.vith Commercial Partners Title Company, 200 South 611' Street, Ai 1 .:300, <br />l\iinneapol is.. .5.5402 ("Escrow Agent"), via wire transfer or delivery ()la certified check <br />payable to Escrow Agent.. <br />a.. IT Buyer does not deposit the Earnest. Micritley vith Escrov Agent as ri:xi aired <br />above, than Seller may terminate this Agreement by written notice tr) .Buyer; <br />provided., however, i1 Buyer deposits the Earnest M.oney Nvith E,serow .Agert. <br />Page 1 of 11 <br />