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Agenda - Council - 12/10/2019
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Agenda - Council - 12/10/2019
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3/17/2025 2:36:50 PM
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1/10/2020 9:08:16 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
12/10/2019
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[Reserved for Recording Data] <br />PARTIAL RELEASE OF RIGHT OF RE-ENTRY AND RIGHT OF REVERTER <br />This Release of Right of Re -Entry and Right of Reverter (this "Release") is made as of <br />December , 2019, by and between CENTRA NORTH, LLC, a Minnesota limited liability <br />company ("Centra") and the CITY OF RAMSEY, a Minnesota municipal corporation (the <br />"City"). <br />Recitals <br />A. Centra and the City are parties to that certain Right of Re -Entry <br />Agreement dated November 28, 2018 and recorded with the Anoka <br />County Recorder as Doc. No. 2215051.007 (the "Original Right of Re - <br />Entry Agreement"). <br />B. The Original Right of Re -Entry Agreement was amended and superseded <br />by that certain Amended Right of Re -Entry Agreement by and between <br />Centra and the City dated July 23, 2019 and recorded with the Anoka <br />County Recorder on July 31, 2019 as Document No. 2233729.001 (the <br />"Amended Right of Re -Entry Agreement"). <br />C. Centra and the City desire to release of record any right of the City to re- <br />enter and take physical possession of, or title to, the "Property" (as defined <br />in the Amended Right of Re -Entry Agreement). <br />NOW, THEREFORE, in consideration of the Recitals, which are hereby incorporated <br />herein and made a part hereof, and the mutual covenants and agreements contained herein, <br />Centra and the City agree as follows: <br />
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