12-20-2006 Additions - Laserfiche WebLink

Home Browse Search

PURCHASE AGREEMENT 1. Parties. This Purchase Agreement is made on December , 2006 by and between Walter F. Wegleitner and Sherrie M. Wegleitner, husband and wife, SELLER and the City of Little Canada, a municipal corporation, of 515 Little Canada Road East, Little Canada, MN 55117, BUYER. 2. Offer /Acceptance. Buyer offers to purchase and Seller agrees to sell real property located in Ramsey County, Minnesota legally described as follows: PIN #07- 29 -22 -33 -0006 Located at 91 Viking Drive West, in the City of Little Canada, County of Ramsey, State of Minnesota. 3. Acceptance Deadline. The acceptance date of this Agreement is the date it is delivered by the last party signing to the other party. This offer to purchase, unless accepted sooner, shall be void at 11:59 p.m. on December 21, 2006, and in such event, all earnest money shall be refunded to Buyer. 4. Personal Property and Fixtures Included in Sale. All personal property currently located on the property are included in this sale. 5. Price and Terms. The price for the real and personal property included in this sale is Two Hundred Thousand Four Hundred Thirty -five Dollars and no /100 ($200,435.00), which Buyer shall pay as follows: Earnest money of $1,500.00 by check, receipt of which is hereby acknowledged and $198,935.00 cash, on the DATE OF CLOSING. Closing shall take place between April 1s`, 2007 and April 15th, 2007 with the specific date to be determined by Buyer. Closing shall take place at C.I. Title, Inc. in Little Canada, Minnesota. Buyer shall also reimburse Seller, at closing, $1250.00 for the cost of the appraisal prepared by Dahlen, Dwyer, & Foley, Inc dated 10/3/2006. 6. Deed /Marketable Title. Upon performance by Buyer, Seller shall execute and deliver a Warranty Deed, joined in by spouses, if any, conveying marketable title, subject to: a. Building and zoning laws, ordinances, state and federal regulations; b. Restrictions relating to use or improvement of the property without effective forfeiture provisions; c. Reservation of any mineral rights by the State of Minnesota; d. Utility and drainage easements which do not interfere with existing improvements; e. Exceptions to title, which constitute encumbrances, restrictions, or easements which have been disclosed to Buyer and accepted by Buyer in this Purchase Agreement (must be specified in writing); f. 7. Payment of Real Estate Taxes. Seller shall pay all delinquent real estate taxes including penalties and interest. Real estate taxes payable in 2007 shall be prorated between Seller and Buyer as of the date of closing. Real estate taxes payable in 2008 shall be the obligation of the Buyer.