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<br /> <br /> <br /> <br /> <br /> <br />PURCHASE AGREEMENT <br /> <br /> <br />City of Ramsey <br />This Agreement is entered into by and between the , a Minnesota <br />KNOLL PROPERTIES, LLC <br />, a Minnesota Limited <br /> <br /> <br />In consideration of the Earnest Money, the mutual covenants set forth below, and other <br />good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, <br />Seller and Buyer agree as follows: <br /> <br /> <br />1.EFFECTIVE DATE.April 23, 2019 <br /> The effective date of this Agreement is (the <br /> <br /> <br />2. SALE OF PROPERTY. <br /> Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller <br /> <br />9.3 acres of vacant land, legally described as follows: <br /> <br />The North 9.3 acres of Lot 1, Block 1, Bury and Carlson Addition, Anoka County, <br />Minnesota. <br /> <br />rd <br />Addresses: 7XXX 143 Avenue Northwest, Ramsey, MN 55303 <br /> <br />Anoka County Property Identification: The North 9.3 acres of 27-32-25-34-0009; <br /> <br /> <br /> <br />3.PURCHASE PRICE. <br /> The purchase price for the Property is $675,000.00 <br /> <br /> <br /> <br /> <br />4.EARNEST MONEY AND ADDITIONAL EARNEST MONEY. <br /> Within (5) business <br />days after the Effective Date, Buyer must deposit the sum of $67,500.000 <br />th <br /> Street, #1300, <br />payable to Escrow Agent. <br /> <br /> <br />a.If Buyer does not deposit the Earnest Money with Escrow Agent as required <br />above, then Seller may terminate this Agreement by written notice to Buyer; <br />provided, however, if Buyer deposits the Earnest Money with Escrow Agent <br /> is <br />extinguished. <br /> <br />111 <br />Page of <br /> <br /> <br />