Agenda - Council - 01/27/2026 - Laserfiche WebLink

Home

Authen6sign ID: 9E3CC3C7-60D0-F011-8195-00OD3A1E5303 Lett 2. 3. 4. 5. COMMERCIAL PURCHASE AGREEMENT This form is approved by the Minnesota Association of REALTORSO and the Minnesota Commercial Association of REALTORSO,which disclaim any liability arising out of use or misuse of this form. © 2016-2025 Minnesota Association of REALTORS" 1. Page 1 Date December 3rd 2025 BUYER(S) is/are: MW properties LLC or Assignee ❑ individual(s); OR ❑x a business entity organized under the laws of the State of MN SELLER(S) is/are: City of Ramsey & Met Council ❑ individual(s); OR ❑x a business entity organized under the laws of the State of MN , (Check one.) , (Check one.) 6. Buyer's earnest money in the amount of 7 Fifty Thousand Dollars 8 ($ 5 0, 0 0 0 .0 0 ) shall be delivered no later than two (2) Business Days after 9. Final Acceptance Date to be deposited in the trust account of: (Check one.) 10. ❑ listing broker; or 11. ❑X Stewart Title (Trustee) 12. within three (3) Business Days of receipt of the earnest money or Final Acceptance Date whichever is later. 13. Said earnest money is part payment for the purchase of property at 6701, 6745 14. Highway 10 NW located in the 15. City/Township of Ramsey County of Anoka 16. State of Minnesota, Zip Code55303 PID # (s) 17 6745, 34-32-25-12-0008 and 6701, 34-32-25-12-0009 18. and legally described as follows 19.6745-LOT 2 BLOCK 1 DEAL INDUSTRIAL PARR / 6701-LOT 3 BLOCK 1 DEAL INDUSTRIAL PARK 34-32-25-12-0009 20• (collectively the "Property") 21. together with the personal property as described in the attached Addendum to Commercial Purchase Agreement: 22. Personal Property, if any, all of which property the undersigned has this day sold to Buyer for the sum of: 23. 24 Two Million 25 ($ 2 , 0 0 0 , 0 0 0 . 0 0 )Dollars ("Purchase Price"), which Buyer agrees to pay in the following manner: 26. 1. CASH of 100 percent (%) of the sale price, or more in Buyer's sole discretion, which includes the earnest 27. money; PLUS 28. 2. FINANCING of 0 percent (%) of the sale price. Buyer shall, at Buyer's sole expense, apply for any 29. financing as required by this Purchase Agreement. 30. Such financing shall be: (Check one.) ❑ a first mortgage; ❑ a contract for deed; or ❑ a first 31. mortgage with subordinate financing, as described in the attached Addendum to Commercial Purchase Agreement. 32. ❑ Conventional/SBA/Other ❑ Contract for Deed. ------------------------- ------(Check one.)------------------------------------------ 33. DUE DILIGENCE: This Purchase Agreement ❑X IS ❑ IS NOT subject to a due diligence contingency. (If answer is IS, ------(Check one.)----- 34. see attached Addendum to Commercial Purchase Agreement: Due Diligence.) 35. CLOSING: The date of closing shall be on or before January 15th 2026 MNC:PA-1 (8/25) Minnesota Realtors°