Agenda - Council - 12/09/2025 - Laserfiche WebLink

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EARLY ACCESS AGREEMENT This EARLY ACCESS AGREEMENT (hereinafter referred to as "Agreement"), is made as of , 2025, by and between City of Ramsey, a Minnesota municipal corporation, (hereinafter referred to as "Seller"), and LH Road, LLC, a Minnesota limited liability company (hereinafter referred to as "Purchaser"). WITNESSETH: WHEREAS, Seller is the fee simple owner of certain land legally described as "Tract B, Registered Land Survey 251, Anoka County, Minnesota," (with an unassigned address) located in Ramsey, Minnesota (hereinafter referred to as the "Property"); WHEREAS, Purchaser desires to conduct the necessary due diligence to determine suitability of the Property for Purchaser's intended use ("Due Diligence"); and WHEREAS, the parties hereto desire and intend that Purchaser has the right to enter upon the Property to conduct Due Diligence, pursuant to the terms and conditions of this Agreement. NOW, THEREFORE, for and in consideration of the foregoing and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Seller and Purchaser hereby agree as follows: 1. Grant of Access. Seller hereby grants to Purchaser and to Purchaser's affiliates, and its and their employees, agents, representatives and contractors (hereinafter collectively referred to as "Purchaser's Agents"), a non-exclusive, revocable license to enter upon the Property and to the records, if any, maintained by Seller in each case during normal business hours. Such access shall be for the purposes of (a) reviewing leases and contracts and any records relating thereto; (b) reviewing records relating to the operating revenues and expenses; and (c) inspecting the physical condition of the Property and conducting a survey or other non -intrusive physical and environmental inspections of the Property. Without first obtaining Seller's written consent thereto (which may be withheld in Seller's sole discretion), neither Purchaser nor any Purchaser's Agent shall (1) contact any tenant of the Property, (2) notify any governmental agency of any actual or potential violation of any zoning, environmental or other law, rule, or regulation, or (3) conduct any intrusive investigation regarding the Property. 2. Notification. Purchaser agrees that, in exercising its right of access hereunder, Purchaser will use, and will cause Purchaser's Agents to use, their commercially reasonable efforts not to unreasonably interfere with the activities of tenants, or other persons occupying or providing service at the Property. Purchaser shall, at least one business day prior to the inspection, give Sean Sullivan, the Economic Development Manager on behalf of Seller notice of its intention to conduct any inspection so that Seller shall have an opportunity to have a representative present during any such inspection, and Seller expressly reserves the right to have a representative present. Purchaser agrees to cooperate with any reasonable request by Seller in connection with the timing of any such inspection. 1