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OFFER TO SELL PROPERTY WITH ACCEPTANCE <br /> AGREEM ENT made this 10t" day of November 2021, between Blackjack Farms, LLC., <br /> Seller(s) and City of Ramsey, Purchaser(s).' <br /> Seller agrees to sell, and Purchaser agrees to purchase the following described real <br /> property, located in Anoka County, State of Minnesota, the legal description being: <br /> 1.65 Acres or 71,874 square foot of Outlot A of the Elmcrest Sanctuary, Anoka <br /> County, Minnesota <br /> Abstract Property <br /> The new boundary shall be the west side of the current access road with set-back of <br /> no more than 2 feet to allow Seller to erect a fence for his adjoining property. Seller <br /> shall be granted a 20-foot easement on the east side of the fence, for access to his <br /> property. <br /> 1) The purchase price is $1.80 per Squar Foot or $129,373.20 to be paid as follows: <br /> A) A non-refundable deposit if Purchaser defaults, to be paid to Michael James Sykes at the <br /> time of acceptance of this contract in the amount of$10,000. <br /> B) The balance as follows: $119,373.20 on the day of closing. <br /> C) Buyer to pay all closing costs. <br /> 2) Property taxes shall be pro-rated to the day of closing. <br /> 3) Seller is selling property AS IS and makes no representation as to the condition of the <br /> property or warrants any defects in the property. <br /> 4) Seller agrees to convey the new title provided, after su bd ivision of property as <br /> described above, by Purchaser, free of encumbrances. This deed shall be delivered, <br /> and the closing will be held on or before December 31, 2021. <br /> 5) Subdivision of property is the sole responsibility of the Purchaser. <br /> 6) It is expressly agreed that upon any default or failure on the part of the Purchaser to comply with the <br /> terms and conditions of this contract,that S e I I e r agrees to accept the deposit as full liquidated damages. <br /> Upon default by the Seller to perform under this agreement,all deposits shall be returned to Purchaser on <br /> demand. <br /> 7) The terms and conditions of this contract are to apply to and bind the heirs, administrators, <br /> successors, executors and assigns of the respective parties. <br /> 8) Additional terms and conditions: Purchaser agree to allow Seller to construct a fence no <br />