02-09-2000 Council Agenda - Laserfiche WebLink

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PURCHASE AGREEMENT 1. Parties. This Purchase Agreement is made on February , 2000 by and between (name) Charles Rice and Diane Rice, (husband and wife) (address) 2805 Country Drive, SELJ.FR 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 #06- 29 -22 -41 -0003 Located at (street address) 2805 Country Drive, 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 February 11, 2000, and in such event, all earnest money shall be refunded to Buyer. 4. Personal Property and Fixtures Included in Sale. No personal property and fixtures are included in this sale. Seller will keep house and garage structures for the purpose of relocating them to another site. Seller will be responsible for all utility disconnections and ensure they are done in a manner acceptable to the affected utility company. Should Seller not wish to move any of the structures, written notice will be provided to Buyer of this fact prior to closing and a Bill of Sale shall be delivered to Buyer for the property in question. 5. Price and Terms. The price for the real and personal property included in this sale is One Hundred Thirty -three Thousand Dollars ($133,000.00), which Buyer shall pay as follows: Earnest money of $100.00 by check, receipt of which is hereby acknowledged and $132,900.00 cash, on the DATE OF CLOSING. Closing shall take place as soon as practical, but no later than June 30, 2000 in a location and on a date to be determined by the Buyer. 6. Deed/Marketable Title. Upon performance by Buyer, Seller shall execute and deliver a Warranty Deed, joined in by spouse, 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); No Exceptions Page 29