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OPTION CONTRACT
<br />• For• and in ran.ehtrraiimr of thr srnn of One ($1.00) and other good and valuable/ Anua re
<br />it the undersigned
<br />to me in bond paid, the receipt ti?rrrnf is hereby ark n owlet ¢rd /*hereby My:nenrrlo the City
<br />of Little Canada, a municipal corporation,
<br />..- ..._.. _. ......... _... nv Option far 341
<br />do .p, from
<br />me, .. den of ,,,June ... . 1:182, to per ,obnsr for the sum. of
<br />One Hundred Forty Thousand and No /100 ($140,000.00) DOLLARS,
<br />Ir,, f..th , dr. ,;1.a lap 1, dor,rl.d ire nr rowdy of
<br />.._.Ramsey._. _. ..._. acrd Stnlrof . Minnesota _.. ,t « -r,dt:
<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 />upea the folbaelaLn tmvns cord conditions, (o -aril: 9'.XXX. Undersigned (Seller). shall:
<br />1. Pay real estate taxes and special'assessuents payable therewith up to and including
<br />those payable in the calendar year 1982;
<br />2. Pay all outstanding special assessments for improve-rents 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 raed free of all liens and encumbrances;
<br />4. Seller will provide easenents 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 applirahle laws and regulations.
<br />.said City of Little their
<br />....... _.. In sign' rtrri ft)hXs intent imr In
<br />tad( or riled the so mr by due' anti IV in mritin Li within the lime above .sprri lied, and it failure to srrre
<br />end,. notice within. the time specified shall terminate Ur. Option without furlhrr nriio, , linen bring the
<br />assns of this a,ereentent.
<br />This Agreement represents an extension of and supersedes that Option Contract
<br />executed by the undersigned on behalf of the City of Little Canada dated June 24, 1982.
<br />In cast said native shall br srrrr(' in due time, I1,r•re ., . 61,
<br />in which. to examine ahst rnrt. molar di rdv and rinse sale,
<br />The Market Place, a Minnesota General
<br />1''ilr�s� Partnership, by its General Partner,
<br />/rA1 2900 Rice, a Minnesota Limited
<br />�V .L• Partnership (sT,•I hJ
<br />Byre
<br />es P. S General Partner
<br />days shrill he
<br />2900 Rice, a Minnesota Limited
<br />Partnership.
<br />iy\
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