Laserfiche WebLink
[Reserved for Recording Data] <br />RIGHT OF RE-ENTRY AGREEMENT <br />This Right of Re-entry Agreement is entered into on , 2025, by and <br />between the City of Ramsey, a Minnesota municipal corporation ("Seller"), and Capital <br />Real Estate, Inc., a Minnesota Limited Liability Company or Its Assigns ("Buyer"). <br />A. On <br />to Buyer: <br />Recitals <br />, 2025, Seller conveyed title of the following Property <br />Part of Outlot D, Waterfront Village <br />Part of Anoka County Tax ID Number: 28-32-25-22-0107 <br />To be platted as: TBD (the "Property") <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 Capital <br />Real Estate, Inc., with an Effective Date of January 14, 2025 Section 28, it is the <br />intent of the parties to create and set forth a right to impose a penalty or a right of <br />re-entry in favor of Seller in the event Buyer fails to satisfy the Conditions. <br />Agreement <br />1. The recitals are incorporated herein as if fully set forth. <br />