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[Reserved for Recording Data] <br />RIGHT OF RE-ENTRY AGREEMENT <br />This Right of Re-entry Agreement is entered into on , 2020, by <br />and between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and <br />Cobblestone Hotel Development, LLC, a Minnesota Limited Liability Company ("Buyer"). <br />A. On <br />to Buyer: <br />Recitals <br />, 2020, Seller conveyed title of the following Property <br />All that part of Outlot A, COR STONE BROOK ACADEMY, Anoka County, <br />Minnesota, lying southerly and easterly of the following described line: <br />Commencing at the Southeast corner of said Outlot A, thence on an assumed bearing <br />of North 66 degrees 10 minutes 33 seconds West, along the Southwesterly line of said <br />Outlot A, a distance of 235.77 feet to the point of beginning of the line to be <br />described; thence North 23 degrees 49 minutes 27 seconds East, a distance of 125.00 <br />feet; thence South 66 degrees 10 minutes 33 seconds East, a distance of 23.59 feet; <br />thence North 23 degrees 43 minutes 47 seconds East, a distance of 171.68 feet to the <br />Northeasterly line of said Outlot A, and said line there terminating. <br />Anoka County PID Number: Portion of 28-32-25-23-0018 <br />B. Title to the Property was conveyed subject to Buyer fulfilling certain Conditions <br />as set forth below. <br />C. As indicated in the Purchase Agreement between the City of Ramsey and <br />Cobblestone Hotel Development, LLC, dated February 5, 2020, Section 28, it is <br />