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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 , 20251 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 /> Recitals <br /> A. On , 2025, Seller conveyed title of the following Property <br /> to Buyer: <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 /> .o <br /> 1. The recitals are incorporated herein as if fully set forth. <br />