12-15-1997 EDA - Laserfiche WebLink

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PURCHASE AGREEMENT IIIThis Purchase Agreement is made and entered into this day of , 1997, by and between Lloyd J. Blanchard and Phyllis Blanchard, husband and wife, ("Seller") and the Mounds View Economic Development Authority, a body corporate and politic under the laws of Minnesota ("Buyer"). 1. Seller bas received today from the Buyer the sum of$500.00 as earnest money and in part payment for the purchase of the premises at 8005 Groveland Road and legally dcscibed- as the South 1/3 of the West 1/2 of Lot 63. Auditors Subdivision no. 89, located in the City of Mounds View,Ramsey County, Minnesota("Property"). The Property includes all plants, shields and trees. storm windows and/or A, storm doom, screens, awnings, window shades, blinds, curtains traverse-drapery rods, attached lighting fixtures with bulbs, plumbing fixtures. water heater, heating system, humidifier, central air conditioning, electronic air filter, water softener. cable television outlets and cabling, and built-ins, including dishwasher, garbage dispose, trash compactor, oven(s), cooktop, stove, microwave oven, hood-fin, intercom and installed carpeting located on the premises which are the property of Seller. The Property also include the following personal property: None all of which Seller has this day sold to Buyer for the sum of$85,000.00 which Buyer agrees to pay in the following manners: (a) Earnest money of$500.00 paid today; and(b) $84,500.00 cash on the date of closing. Buyer agrees that Seller may sell and remove all out-buildings located on the property prior to the date of closing. 0 Buyer. the Seller agrees to execute and deliver a 2. Subject to performance by the Bu Y subject only Warranty deed conveying unencumbered and marketable title to the Property,sub) to the following exceptions: (a) building and zoning laws,local ordinances, and state and federal regulations; and (b) public utility and drainage easement which to not interfere with the intended use of the Property. 3. Real estate Taxes due and payable in the ate ofhomestead shall clabsification or(� pro-rated as of the day of closing. The Seller warrants that current taxes (X) non-homestead classification. The Seller makes no representation concerning the amount of future real estate taxes. The Seller agrees to pay on the date of closing all special assessments levied or pending against the Property. including any assessments the payment of which has been deferred pursuant to Minn. Stat. Sections 435.193 through 435.195. 4. The Seller warrants that buildings, if any. are entirely within the boundary lines of the Property. The Seller also warrants that the premises are connected to city sewer and city water. The Parties acknowledge that the Properly is being sold in "as is" condition relating to the structural, operations, and mechanical systems. 5. If the Property is destroyed or substantially damaged by fire or any other cause before the closing this Purchase Agreement shall become null and void at the Buyers option, and the Seller shall refund all earnest money to the Buyer. • 6. The Seller warrants that the Property has not been used for production, storage, deposit or disposal of any toxic or hazardous waste or substance. petroleum product or asbestos Ww1348,1 Mu205-10 821-i 50/ZO'd 919-1 01E81EEZ19 N3AY99 7 Aa3NN9N-woJwdZO:ZI 18-91-3Ra