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12 -27 -2000 10:44AM FROM SWEENEY LAW FIRM 2935289 <br />EXCLUSIVE OPTION AGREEMENT <br />This EXCLUSIVE OPTION AGREEMENT (the "Agreement ") is Made this day <br />of , 20 by and between Precision Landscape and Tree (hereinafter called <br />"Owner ") and the City of Little Canada, a political subdivision under the laws of the State of <br />Minnesota, (hereinafter called "Buyer"). <br />RECITALS: , <br />A. Owner is the fee owner of the real property, located in Ramsey, •County, Minnesota, <br />legally described on Exhibit A attached hereto and made a part hereof, together with all <br />improvements located thereon and all easements which benefit the real property (hereinafter <br />called the "Property "). <br />B. Buyer desires to obtain an option to purchase the Property with the right to assign <br />such option and Owner is willing to grant such option upon the terms hereinafter contained. <br />NOW, THEREFORE, in consideration of the City providing of a Section 1033 Letter <br />(Threat of Eminent Domain) relative to the pioperty, and for other good and valuable <br />consideration, receipt of which from Buyer is hereby acknowledged by Owner, it is hereby, <br />agreed, as follows: <br />Page 45 <br />P. 3 <br />