Agenda Packets - 1998/10/26 - Laserfiche WebLink

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PURCHASE AGREEMENT 1. PARTIES. This Purchase Agreement is made this 20 day of Q c ( , 1998 by and between JOE WIT-LA/IAN, a single person, owner and seller (the "Seller") and the MOUNDS VIEW ECONOMIC DEVELOPMENT AUTHORITY, a public body corporate and politic, 2401 Highway 10,Mounds View, MN 55112-1499("Buyer"). 2. SUBJECT PROPERTY. Seller is the owner of that certain real estate (the "Property") located at 6991 Pleasant View Drive,Mounds View, and legally described as follows: Lot 70, KNOLLWOOD PARK, Mounds View, Minnesota, according to the plat filed for record with the Ramsey County Recorder. 3. Oli'r'ER/ACCEPTANCE. In consideration of the mutual agreements herein contained, Buyer offers and agrees to purchase and Seller agrees to sell and hereby grants to Buyer the exclusive right to purchase the Property and all improvements thereon, together with all appurtenances, including, but not limited to, garden bulbs,plants, shrubs, trees, and grass. 4. CONTINGENCY/ACCEPTANCE DEADLINE. This Purchase Agreement shall be presented to the Board of the Buyer within 30 days of the date it is submitted to Buyer, fully executed by Seller herein. If the Buyer does not approve this Purchase Agreement, all Earnest Money shall be refunded to the Buyer. 5. PERSONAL PROPERTY INCLUDED IN SALE. The following items of personal property and fixtures owned by Seller and currently located on the Property are included in this sale: storm windows and inserts, storm doors, screens, awnings, window shades, blinds, curtain- 8v) traverse-drapery rods, attached lighting fixtures with bulbs, plumbing fixtures, sump pumps, water heaters, heating systems, built-in appliances, water softeners, garbage disposals, installed carpeting, work benches, television antennas and hood-fans. Upon delivery of the deed, Seller shall also deliver a Bill of Sale for the above personal property. 6. PURCHASE PRICE AND TERMS: A. PURCHASE PRICE: The total Purchase Price for the real and personal property and fixtures included in this sale is Sixty Thousand Five Hundred and No/100ths Dollars ($60,500.00). B. TERMS: (1) PAYMENT OF PURCHASE PRICE TO SELLER. Buyer agrees to pay by check the amount of One Thousand and No/100ths Dollars ($1,000.00) as earnest money (the "Earnest Money") to be deposited by Seller with Title Insurer/Closer within three (3) days after the date of this Agreement and held and disbursed under the terms of this Agreement on the Date of Closing. Buyer agrees to pay the Balance Due of Fifty Nine Thousand Five Hundred and No/100ths Dollars ($59,500.00) in cash or by check on the SJR-148110 MU205-12