Agenda - Economic Development Authority - 05/11/2023

Home

[Reserved for Recording Data] RIGHT OF RE-ENTRY AGREEMENT This Right of Re-entry Agreement is entered into on , 2023, by and between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and CBN Enterprises, LLC, a Minnesota Limited Liability Company ("Buyer"). A. On Buyer: Recitals , 2023, Seller conveyed title of the following Property to All that part of the West 31 rods of the Southwest Quarter of the Southwest Quarter of Section 27, Township 32, Range 25, Anoka County, Minnesota, described as follows: Commencing at a point on the West line thereof, distant 335.51 feet South from the Northwest corner thereof, as measured along said West line; thence South along said West line a distance of 335.51 feet, more or less, to its intersection with the Northerly right of way line of Northern Pacific Railway; thence Southeasterly along said Northerly right of way line to its intersection with the East line of said West 31 rods; thence North along said East line thereof a distance of 448.92 feet, more or less, to a point on said East line thereof distant 448.92 feet South from the Northeast corner of said West 31 rods as measured along said East line thereof; thence Northwesterly in a straight line to the point of beginning. Anoka County, Minnesota. Abstract Property; To be platted as: T.B.D. Anoka County, Minnesota PID Number: 27-32-25-33-0006 ("Property") B. Title to the Property was conveyed subject to Buyer fulfilling certain Conditions as set forth below.