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No \%I2 •On( <br />Con roc <br />OPTION CONTRACT <br />consideratior <br />or onrl in eon siderr, f inn of the .amn of One ($1.00) and other good and valuable/ /mum., <br />it the undersigned <br />to m.c, in hand paid, the receipt whereof is hereby arks meted 5se(1/* here')) tsrn n&mrfn the City <br />of Little Canada, a municipal corporation, <br />the <br />24th <br />doll of <br />June <br />na Oplinn for 1 <br />r' (7t171.c, frmn <br />, 10 82 , to pur,'hovr• for he Rilm. of <br />One Hundred Forty Thousand and No /100 ($140,000.00) <br />DOLLARS, <br />no /,/l,/, . 1,. -141,4 7,11,N .si(n„(„ 7 1n (he ('an n(,1 of <br />Ramsey nntl Star of ... Minnesota to -n•it: <br />1. That portion of the North 195.63 feet of the East 439 feet of the <br />Northwest One Quarter of the Southwest One Quarter, except the North <br />200 feet and except the South 105 feet of the West 443.44 feet, West <br />of the railroad right of way of the South One Half of the South <br />One Half of the Northwest One Quarter, as designated on the attached <br />Exhibit A as Parcels A and B, and <br />2. That part of the North 255.63 feet of the Northeast One Quarter of <br />the Southwest One Quarter West of ti' Minneapolis, St. Paul and <br />Saulte St. Marie railway right of way, except the West 60 feet of <br />the South 60 feet thereof, designated as Parcel No. C on the attached <br />Exhibit A. <br />upon the follmt'in t terms and eondition..s, to -wit: ,X -?s.XX Undersigned .(.Seller). shall : ... <br />1. Pay real estate taxes and special'assessments payable therewith up to and including <br />those payable in the calendar year 1982; <br />2. Pay all outstanding special assessments for improvements made to and benefitting the <br />subject property whether or not said special assessments are part of the taxes of the <br />properties; <br />3. Convey by Warranty Deed free of all liens and encumbrances; <br />4. Seller will provide easements necessary across its property to the westerly side of the <br />property described above so as to allow Buyer, its successors and assigns reasonable <br />ingress and egress from the property herein optioned. <br />5. Buyer agrees to provide an easement across the northerly portion of the above - described; <br />property for access of emergency vehicles to the rear of Seller's buildings, to the <br />extent said access is required by applicable laws and regulations. <br />said City of Little <br />their <br />to si <nif,;/)t7(e in len lion to <br />take or Inject the $aner. by Mir notice. in writing Within the time above speri/ied, and a failure (0 .Rerre <br />srtch, notice within, the time .specified shall terminate th's Option wi.thonf fn?liter nrfion, time bring: the <br />