Agenda - Council - 04/23/2019 - Laserfiche WebLink

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PURCHASE AGREEMENT This Agreement is entered into by and between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and PSD LLC, a Minnesota Limited Liability Company ("Buyer"). In consideration of the Earnest Money, the mutual covenants set forth below, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Buyer agree as follows: 1. EFFECTIVE DATE. The effective date of this Agreement is April 23, 2019 (the "Effective Date"). 2. SALE OF PROPERTY. Seller agrees to sell to Buyer, and Buyer agrees to buy from Seller approximately 2.30 acres of vacant land, legally described as follows: PROPERTY DESCRIPTION PARCEL A: Lot 2, Block 2, HY-10 RAMSEY, Anoka County, Minnesota; EXCEPT Parcel 4, ANOKA COUNTY HIGHWAY RIGHT-OF-WAY PLAT NO. 90, Anoka County, Minnesota; ALSO, EXCEPT That part of said Lot 2 which lies west of said Parcel 4, and which lies northerly of the following described Line "A" and its extensions: Commencing at the northeast corner of said Lot 2; thence South 00 degrees 12 minutes 14 seconds East assumed bearing along the east line of said Lot 2 a distance of 44.00 feet to the point of beginning of said Line "A"; thence North 89 degrees 37 minutes 46 seconds West parallel with the north line of said Lot 2 a distance of 155.74 feet; thence northwest a distance of 101.06 feet along a tangential curve concave to the north having a radius of 230.00 feet and a central angle of 25 degrees 10 minutes 29 seconds; thence northwesterly a distance of 37.12 feet along a reverse curve concave to the southwest having a radius of 215.00 feet and a central angle of 09 degrees 53 minutes 30 seconds, to the west line of said Lot 2 and said Line "A" there terminating. PROPOSED DRAINAGE & UTILITY EASEMENT DESCRIPTION: A permanent easement for drainage and utility purposes over under and across Parcel 4PE as shown on said ANOKA COUNTY HIGHWAY RIGHT-OF-WAY PLAT NO. 90. Page 1 of 12