#30 - Purchase Agreement for Jurek Property

Home Browse Search

1 LA515\146\976114.v4 PURCHASE AGREEMENT This Purchase Agreement (“Agreement”) is made this ____ day of _____________, 2024 (“Effective Date”), by and between Kathleen Jurek and Edward Jurek, married to each other (“Sellers”), and the City of Lake Elmo, a Minnesota municipal corporation (“Buyer”). The Effective Date, written above, is the date that the last party signed this Agreement. 1. PROPERTY. A. Sellers are the fee owners of approximately 44.20 acres of real property identified as Washington County PID 1502921410001 and legally described below (the “Property”): That part of the Southeast Quarter of the Northeast Quarter of Section 15, Township 29 North, Range 21 West, Washington County, Minnesota which lies southerly of the North Three-quarters of said Southeast Quarter of the Northeast Quarter and which lies westerly of the East 87.00 feet thereof. Also, that part of the Southeast Quarter of said Section 15; lying northerly of the north line of Trunk Highway 5 as evidenced by the document recorded in Book 246 of Deeds, page 592; lying easterly of the West 1385.00 feet thereof; and lying westerly of the East 87.00 feet thereof. Also, that part of the Southeast Quarter of said Section 15, lying southerly of said north line of Trunk Highway 5 as evidenced by the document recorded in Book 246 of Deeds, page 592; lying northerly of the north line of the Chicago Northwestern Railroad, formerly known at the St. Paul, Stillwater and Taylors Falls Railroad; and lying easterly of the West 1385.00 feet thereof. B. The Property is subject to and encumbered by the following encumbrances (collectively hereinafter referred to as the “Existing Encumbrances”): (i) a lease (the “Farm Lease”) by and between Sellers, as Landlord, and Paul Burandt, as Tenant, for the production of agricultural crops upon the Property that terminates on December 31, 2024; (ii) Trunk Highway 5 along the southerly line of the Property, as evidenced by the document recorded in Book 246 of Deeds, at page 592, on file and of record in the Office of the County Recorder, Washington County, Minnesota; (iii) an easement in favor of Northern States Power Company, as described in Book 170 of Deeds, at page 14, on file and of record in the Office of the County Recorder; and (iv) a road easement for Stillwater Lane, as described in Document Number 417383, on file and of record in the Office of the County Recorder. 2. OFFER/ACCEPTANCE. Buyer desires to purchase the Property. In consideration of the mutual agreements herein contained, Buyer offers and agrees to purchase the Property, and Sellers agree to sell and hereby grant to Buyer the exclusive right to purchase the Property, subject to the Permitted Encumbrances as defined herein.