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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.November 26, 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 />To be platted as Lot 1, Block 1, Anderson Dahlen South Addition, Anoka County Minnesota <br /> <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 /> The Buyer has <br />deposited $67,500.000 <br />th <br />South 6 relating to the Purchase <br />Agreement with an effective date of April 23, 2019. The Buyer agrees to transfer those for <br />the purposes of executing this Agreement. <br /> <br />a. If Buyer does not transfer 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 />110 <br />Page of <br /> <br /> <br />